ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS

v2.4.0.6
RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2011
RELATED PARTY TRANSACTIONS Ìý
RELATED PARTY TRANSACTIONS

26. RELATED PARTY TRANSACTIONS

ÌýÌýÌýÌýÌýÌýÌýÌýOur accompanying consolidated financial statements include the following transactions with our affiliates not otherwise disclosed (dollars in millions):

Ìý
 Ìý Year ended DecemberÌý31, Ìý
Ìý
 Ìý 2011 Ìý 2010 Ìý 2009 Ìý

Sales to:

 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Unconsolidated affiliates

 Ìý $ 180 Ìý $ 201 Ìý $ 96 Ìý

Inventory purchases from:

 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Unconsolidated affiliates

 Ìý Ìý 465 Ìý Ìý 369 Ìý Ìý 273 Ìý

ÌýÌýÌýÌýÌýÌýÌýÌýAn agreement was reached prior to the initial public offering of our common stock in February 2005 with the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Foundation, a private charitable foundation established by Jon M. and KarenÌýH. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ to further the charitable interests of the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ family, that we would donate our Salt Lake City office building and our option to acquire an adjacent undeveloped parcel of land to the foundation free of debt. On MarchÌý24, 2010, we completed this donation. At the time of the donation, the building had an appraised value of approximately $10Ìýmillion. We continue to occupy and use a portion of the building under a lease pursuant to which we make annual lease payments of approximately $2Ìýmillion to the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Foundation. During 2011 and 2010, we made payments of approximately $2Ìýmillion and $1Ìýmillion, respectively, to the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Foundation under the lease. The lease expires on DecemberÌý31, 2013, subject to two five-year extensions, at our option.

ÌýÌýÌýÌýÌýÌýÌýÌýThrough May 2002, we paid the premiums on various life insurance policies for Jon M. ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾. These policies have been liquidated, and the cash values have been paid to Mr.ÌýÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾. Mr.ÌýÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ is indebted to us in the amount of approximately $2Ìýmillion, which represents the insurance premiums paid on his behalf through May 2002. This amount is included in other noncurrent assets on the accompanying consolidated balance sheets.

ÌýÌýÌýÌýÌýÌýÌýÌýWayne A. Reaud, a member of our board of directors, is of counsel to the law firm of Reaud, MorganÌý& Quinn. We pay the firm $200,000 per year for legal services. Mr.ÌýReaud has no interest in the firm or in the proceeds for current work done at the firm. As of counsel, the law firm provides Mr.ÌýReaud with an office and certain secretarial services.