Commitments and Contingencies Commitments In the normal course of business, the Company may provide certain clients, principally governmental entities, with financial performance guarantees, which are generally backed by stand-by letters of credit or surety bonds. In general, the Company would only be liable for the amounts of these guarantees in the event that nonperformance by the Company permits termination of the related contract by the Company s client. As of June 28, 2013 , the Company had $30 million of outstanding surety bonds and $131 million of outstanding letters of credit relating to these performance guarantees. The Company believes it is in compliance with its performance obligations under all service contracts for which there is a financial performance guarantee, and the ultimate liability, if any, incurred in connection with these guarantees will not have a material adverse affect on its consolidated results of operations or financial position. The Company also uses stand-by letters of credit, in lieu of cash, to support various risk management insurance policies. These letters of credit represent a contingent liability and the Company would only be liable if it defaults on its payment obligations towards these policies. As of June 28, 2013 , the Company had $87 million of outstanding stand-by letters of credit. The following table summarizes the expiration of the Company s financial guarantees and stand-by letters of credit outstanding as of June 28, 2013 : (Amounts in millions) Fiscal 2014 Fiscal 2015 Fiscal 2016 and thereafter Total Surety bonds $ 29 $ 1 $   $ 30 Letters of credit 22 42 67 131 Stand-by letters of credit 24 51 12 87 Total $ 75 $ 94 $ 79 $ 248 The Company generally indemnifies licensees of its proprietary software products against claims brought by third parties alleging infringement of their intellectual property rights (including rights in patents (with or without geographic limitations), copyright, trademarks and trade secrets). CSC s indemnification of its licensees relates t