NOTES TO THE FINANCIAL STATEMENTS 128 

Note 20. Commitments 

Long-Term Operating Leases as of September 30, 2022, and 2021 

(In billions of dollars) 2022 2021

General Services Administration ............................................................................. 28.5 25.8 

Department of Veterans Affairs ............................................................................... 6.0 4.9 

Department of Health and Human Services ............................................................. 2.9 2.3 

Department of State ............................................................................................... 1.2 1.3 

Other operating leases ........................................................................................... 3.6 3.3 

Total long-term operating leases .......................................................................... 42.2 37.6 

The government has entered into contractual commitments that require future use of financial resources. It has 

significant amounts of long-term lease obligations. Long-term operating leases in this note refer to those leases in which 

federal entities do not assume the risks of ownership of the underlying general PP&E, and payments are expensed over the 

lease term. The lease liabilities and assets arising from operating leases for FASB-reporting entities who early-implemented 

FASB ASC 842, Leases, are recorded on the Balance Sheet in other liabilities and PP&E, respectively, and thus are not 

included in this Commitments note. 

 
129 NOTES TO THE FINANCIAL STATEMENTS 

 

Undelivered Orders and Other Commitments as of September 30, 2022, and 2021 

(In billions of dollars) 2022 2021 

Undelivered Orders - Unpaid: 

Department of Defense ........................................................................................ 440.2 411.5 

Department of Education ...................................................................................... 262.4 321.4 

Department of Health and Human Services ........................................................... 254.6 288.8 

Department of Transportation ............................................................................... 166.7 141.1 

Department of Homeland Security ......................................................................... 95.4 81.0 

Department of Housing and Urban Development .................................................... 92.6 93.4 

Department of Agriculture ..................................................................................... 83.1 84.5 

Department of Energy .......................................................................................... 41.6 33.9 

Security Assistance Accounts ............................................................................... 41.2 37.3 

Department of State ............................................................................................. 30.9 26.8 

Environmental Protection Agency .......................................................................... 27.4 20.7 

Department of the Treasury .................................................................................. 26.4 5.9 

U.S. Agency for International Development ............................................................ 24.8 20.5 

All other entities ................................................................................................... 184.1 164.1 

Total undelivered orders - unpaid........................................................................ 1,771.4 1,730.9 

Other Commitments: 

GSE Senior Preferred Stock Purchase Agreements ............................................... 254.1 254.1 

U.S. participation in the International Monetary Fund .............................................. 146.4 162.6 

Callable capital subscriptions for Multilateral Development Banks ........................... 127.9 125.6 

All other commitments .......................................................................................... 20.8 18.1 

Total other commitments .................................................................................... 549.2 560.4 

Undelivered Orders and Other Commitments 

Undelivered Orders - Unpaid 

Undelivered orders, included in this note disclosure, represent the value of goods and services ordered that have not yet 

been received and that have not been prepaid. As of September 30, 2022, and 2021, the total reported undelivered orders 

were $1,771.4 billion and $1,730.9 billion, respectively. In FY 2022, Education had a $59.0 billion decrease that was largely 

due to the disbursement of COVID-19 related obligations. HHS had a $34.2 billion decrease that was primarily due to the 

COVID-19 related obligations being delivered and paid. DOT had a $25.6 billion increase that was primarily due to the 

increase in funding received in programs funded by the IIJA. Treasury had a $20.5 billion increase that primarily reflects the 

amounts associated with those COVID-19 financial assistance programs that had not yet fully commenced program 

disbursements.

GSE Senior Preferred Stock Purchase Agreements 

As of September 30, 2022, and 2021, the maximum remaining potential commitment to the GSEs for the remaining life 

of the SPSPAs was $254.1 billion, which was established on December 31, 2012. Refer to Note 8—Investments in 

Government-Sponsored Enterprises for a full description of the SPSPAs related commitments and contingent liability, if any, 

as well as additional information. 
 NOTES TO THE FINANCIAL STATEMENTS 130 

U.S. Participation in the International Monetary Fund 

The government participates in the IMF through a quota subscription and certain borrowing arrangements that 

supplement IMF resources. As of September 30, 2022, and 2021, the financial commitment under the U.S. quota and 

borrowing arrangements was $146.4 billion and $162.6 billion, respectively. Refer to Note 2—Cash and Other Monetary 

Assets and Note 27—Disclosure Entities and Related Parties for additional information regarding the U.S. participation in the 

IMF. 

Callable Capital Subscriptions for Multilateral Development Banks 

The government has callable subscriptions in certain MDB, which are international financial institutions that finance 

economic and social development projects in developing countries. Callable capital in the MDB serves as a supplemental 

pool of resources that may be redeemed and converted into ordinary paid in shares, if the MDB cannot otherwise meet certain 

obligations through its other available resources. MDB are able to use callable capital as backing to obtain favorable 

financing terms when borrowing from international capital markets. To date, there has never been a call on this capital at any 

MDB and none is anticipated. As of September 30, 2022, and 2021, the capital commitment to MDB was $127.9 billion and 

$125.6 billion, respectively.