| Aggregate Contractual Obligations | Payments due by period | ||||
| (Dollars in millions) | Total | Less than 1 year |
1-3 years | 3-5 years | More than 5 years |
| Long-term debt obligations including DRD 1) | $828.4 | $318.3 | $299.4 | $181.5 | $29.2 |
| Fixed-interest obligations including DRD 1) | 39.8 | 24.6 | 11.1 | 2.6 | 1.4 |
| Operating lease obligations | 86.1 | 17.8 | 25.6 | 15.3 | 27.4 |
| Unconditional purchase obligations | – | – | – | – | – |
| Other non-current liabilities reflected on the Balance Sheet | 29.8 | 1.0 | 6.0 | 5.7 | 17.1 |
| Total | $984.1 | $361.7 | $342.1 | $205.1 | $75.1 |
1) Debt-Related Derivatives, see Note 12 to the Consolidated Financial Statements.
The table above is intended to give an overview of known contractual obligations, aggregated and including agreements or other contractual arrangements involving an external party (other than contingent liabilities arising from litigation, arbitration or regulatory actions).
Contractual obligations include lease and purchase obligations that are enforceable and legally binding on the Company. Pensions and minority interests are not included in this table.
Long-term debt obligations including DRD: For material contractual provisions, see Note 12 to the Consolidated Financial Statements included herein.
Fixed-interest obligations including DRD: These obligations include interest on debt and credit agreements relating to periods after December 31, 2004, as adjusted by Debt-Related Derivatives (DRD), excluding fee on revolving credit and interest on debts with no defined amortization plan.
Capital lease obligations: These obligations are included in long-term debt obligations in this table and refer mainly to property and plants in Europe.
Operating lease obligations: The Company leases certain offices, manufacturing and research buildings, machinery, automobiles and data processing and other equipment. Such operating leases, some of which are non-cancelable and include renewals, expire at various dates through 2025. Also see Note 17 to the Consolidated Financial Statements included herein.
Unconditional purchase obligations: There are no unconditional purchase obligations other than short-term obligations related to inventory; services; tooling; and property, plant and equipment purchased in the ordinary course of business.
The purchase agreements with suppliers entered into in the ordinary course of business do not generally include fixed quantities. Quantities and delivery dates are established in “call off plans” accessible electronically for all customers and suppliers involved. Communicated “call off plans” for production material from suppliers are normally reflected in equivalent commitments from Autoliv customers.
Current liabilities: The table excludes total current liabilities of $1,799 million, which are reflected in the balance sheet.
All employee obligations as a result of restructuring are reflected in Current liabilities and the major ones are disclosed in Note 10 to the Consolidated Financial Statements included herein.
Other non-current liabilities in the balance sheet: These consist mainly of deferred tax liabilities, not included in this table. The remaining non-current liabilities reflected in this table consist mainly of non-pension post-retirement benefit obligations (see Note 18 to the Consolidated Financial Statements included herein.)
The impact of revaluation to fair value of debt-related derivatives are included in long-term debt obligations in this table. Off-balance Sheet ArrangementsThe Company does not have guarantees related to unconsolidated entities that have, or are reasonably likely to have, a material current or future effect on its financial position, results of operations or cash flows.
The Company does not have guarantees related to unconsolidated entities that have, or are reasonably likely to have, a material current or future effect on its financial position, results of operations or cash flows.