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Commitments and Contingencies
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Commitments
The following summarizes the Company’s minimum contractual commitments as of December 31, 2021:
(in thousands)Unconditional purchase obligations (unrecognized)Long-term debt (including interest)Operating leasesTotal
2022$263,565 $358,906 $368,631 $991,102 
2023195,448 54,034 347,391 596,873 
202496,014 198,039 297,985 592,038 
202580,288 1,795 241,229 323,312 
202626,763 49,138 173,350 249,251 
Thereafter— — 366,430 366,430 
Total undiscounted payments$662,078 $661,912 $1,795,016 $3,119,006 
Less: lease imputed interest(306,673)
Total lease commitments$1,488,343 
Unconditional purchase obligations include legally binding contracts with terms in excess of one year that are not reflected on the consolidated balance sheets. These contractual commitments primarily relate to technology related service contracts, fulfillment center construction contracts, and software licenses. For contracts with variable terms, we do not estimate the total obligation beyond any minimum pricing as of the reporting date.
Legal Matters
From time to time, the Company may become party to litigation incidents and other legal proceedings, including regulatory proceedings, in the ordinary course of business. The Company assesses the likelihood of any adverse judgments or outcomes with respect to these matters and determines loss contingency assessments on a gross basis after assessing the probability of incurrence of a loss and whether a loss is reasonably estimable. In addition, the Company considers other relevant factors that could impact its ability to reasonably estimate a loss. A determination of the amount of reserves required, if any, for these contingencies is made after analyzing each matter. The Company's reserves may change in the future due to new developments or changes in strategy in handling these matters. Although the results of litigation and claims cannot be predicted with certainty, the Company currently believes that the final outcome of currently pending legal matters will not have a material adverse effect on its business, consolidated financial position, results of operations, or cash flows. Regardless of the outcome, litigation can have an adverse impact on the Company because of defense and settlement costs, diversion of management resources, and other factors.