Obligations that are due beyond one year or after the company's normal operating cycle if longer than a year are:

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Long-term liabilities are obligations that are due beyond one year or after the company's normal operating cycle if longer than a year. Current liabilities are obligations that are due within one year or the operating cycle, whichever is longer. Estimated liabilities involve uncertain obligations that cannot be measured with certainty. Current installment of long-term debt refers to the portion of long-term debt that is due within the next year and would be classified as a current liability.

Obligations That Are Due Beyond One Year or After the Company's