Crucial 2014 Annual Report Download - page 70
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68
The debt and equity components of all of our convertible notes outstanding as of August 28, 2014 were required to be
accounted for separately. Principal and carrying amounts of the liability components for our convertible notes were as follows:
As of 2014 2013
Term
(Years)(1) Outstanding
Principal Unamortized
Discount Net Carrying
Amount Outstanding
Principal Unamortized
Discount Net Carrying
Amount
2014 Notes N/A $ — $ — $ — $ 485 $ (20) $ 465
2027 Notes N/A — — — 175 (28) 147
2031A Notes N/A — — — 345 (68) 277
2031B Notes(2) N/A 114 (27) 362 345 (92) 253
2032C Notes 5 362 (48) 314 550 (87) 463
2032D Notes 7 344 (56) 288 450 (81) 369
2033E Notes 3 300 (22) 278 300 (28) 272
2033F Notes 5 300 (35) 265 300 (40) 260
2043G Notes 14 1,025 (389) 636 — — —
$ 2,445 $ (577) $ 2,143 $ 2,950 $ (444) $ 2,506
(1) Expected term for amortization of the remaining debt discount as of August 28, 2014. The expected term of the 2031B
Notes was not applicable because substantially all of the holders had exercised their option to convert their notes,
which were settled in cash in the first quarter of 2015.
(2) As holders had elected to convert these notes and we elected to settle the conversions in cash, net carrying amount for
2014 included the debt and equity components, which was reclassified as a result of our obligation to settle the
conversions of the 2031B Notes.
Carrying amounts of the equity components, which are included in additional capital in the accompanying consolidated
balance sheets, for our convertible notes, were as follows:
As of 2014 2013
2014 Notes $ — $ 353
2027 Notes — 40
2031A Notes — 89
2031B Notes — 109
2032C Notes 67 101
2032D Notes 69 90
2033E Notes (excludes $22 million as of 2014 in mezzanine equity) 8 30
2033F Notes (excludes $35 million as of 2014 in mezzanine equity) 7 42
2043G Notes 173 —
$ 324 $ 854