Company: NSP
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001000753-25-000008
Chunk: 122

Company: INSPERITY, INC.
Filing Date: 2025-02-11
Form: 10-K
Item: Item 16
Chunk 122
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 Thereafter16 Total remaining obligation98 Less imputed interest13 Present value of lease liabilities$85 As of December 31, 2024, we have additional operating leases that have not yet commenced of $22 million with lease terms between two and eight years.

12.Commitments and Contingencies

We enter into fixed purchase and service obligations in the ordinary course of business. These arrangements primarily consist of advertising commitments and service contracts. At December 31, 2024, future purchase and service obligations greater than $100,000 and one year were as follows:

 F-282024   Form 10-K

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in millions)2025$60 202640 202731 202821 Total obligations$152 

LitigationWe are a defendant in various lawsuits and claims arising in the normal course of business. Management believes it has valid defenses in these cases and is defending them vigorously. While the results of litigation cannot be predicted with certainty, management believes the final outcome of such litigation will not have a material adverse effect on our financial position or results of operations.

 F-292024   Form 10-K