Crucial 2014 Annual Report Download - page 97

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95
Net property, plant and equipment by geographic area was as follows:
As of 2014 2013
United States $ 3,282 $ 3,041
Singapore 3,101 3,225
Japan 1,221 615
Taiwan 761 307
China 242 350
Other 75 88
$ 8,682 $ 7,626
Quarterly Financial Information (Unaudited)
(in millions except per share amounts)
2014 Fourth
Quarter Third
Quarter Second
Quarter First
Quarter
Net sales $ 4,227 $ 3,982 $ 4,107 $ 4,042
Gross margin 1,385 1,368 1,403 1,281
Operating income 828 839 869 551
Net income 1,151 806 741 381
Net income attributable to Micron 1,150 806 731 358
Earnings per share:
Basic $ 1.08 $ 0.76 $ 0.69 $ 0.34
Diluted 0.96 0.68 0.61 0.30
The results of operations for the first quarter of 2014 included a $233 million charge to accrue a liability for the settlement
of all pending litigation between us and Rambus, including all antitrust and patent matters, which reflects the discounted value
of amounts due under the arrangement. (See "Contingencies" note.)
The results of operations in the first, second, third and fourth quarters of 2014 included losses of $92 million, $80 million,
$16 million and $17 million, respectively, for losses on restructure of debt. (See "Debt – 2014 Debt Restructure" note.)
The results of operations for the fourth quarter of 2014 included a gain of $93 million from the issuance of shares by
Inotera, which reduced our ownership interest from 35% to 33%. (See "Equity Method Investments – Inotera" note.)
The results of operations for the fourth quarter of 2014 included a gain of $119 million from the sale of interest in Aptina
to ON Semiconductor Corporation. (See "Equity Method Investments – Other" note.)
The results of operations for the fourth quarter of 2014 included a $66 million charge associated with a license agreement
with Tessera executed in the fourth quarter of 2014. (See "Contingencies" note.)
The results of operations for the fourth quarter of 2014 included a $190 million income tax benefit from increases in the
amounts of the MMJ Group's deferred tax assets expected to be realized based on our forecasted utilization of net operating
losses. (See "Income Taxes" note.)