Crucial 2015 Annual Report Download - page 39

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The following table summarizes the potential settlements, as of September 3, 2015, that we could be required to make if all
holders converted their 2032 Notes and 2033 Notes:
Conversion
Price Per
Share
Settlement
Option for
Principal
Amount Outstanding Principal
If Settled With Minimum
Cash Required(1) If Settled Entirely With Cash(2)
Cash Remainder
in Shares Cash
2032C Notes $ 9.63 Cash and/or shares $ 224 $ — 23 $ 385
2032D Notes 9.98 Cash and/or shares 177 — 18 294
2033E Notes 10.93 Cash 233 233 7 354
2033F Notes 10.93 Cash 297 297 9 451
$ 931 $ 530 57 $ 1,484
(1) We are required to settle the principal amount of the 2033 Notes in cash. The remaining conversion obligation paid in
shares is based on our closing share price of $16.59 as of September 3, 2015.
(2) Based on our closing share price of $16.59 as of September 3, 2015. Assumes we elect cash settlement for the entire
obligation.
Contractual Obligations
Payments Due by Period
As of September 3, 2015 Total Less than
1 year 1-3 years 3-5 years More than 5 years
Notes payable(1)(2) $ 9,429 $ 556 $ 1,315 $ 1,712 $ 5,846
Capital lease obligations(2) 852 349 304 123 76
Operating leases(3) 682 218 402 27 35
Purchase obligations 2,545 2,189 335 11 10
Other long-term liabilities(4) 716 222 304 152 38
Total $ 14,224 $ 3,534 $ 2,660 $ 2,025 $ 6,005
(1) Amounts include MMJ Creditor Installment Payments, convertible notes, and other notes. Any future redemptions,
repurchases, or conversions of convertible debt could impact the amount and timing of our cash payments.
(2) Amounts include principal and interest.
(3) Amounts include contractually obligated minimum lease payments for operating leases having an initial noncancelable
term in excess of one year.
(4) Amounts represent future cash payments to satisfy other long-term liabilities recorded on our consolidated balance
sheet, including $222 million for the current portion of these long-term liabilities. We are unable to reliably estimate
the timing of future payments related to uncertain tax positions and noncurrent deferred tax liabilities; therefore, $91
million in aggregate of long-term income taxes payable and noncurrent deferred tax liabilities has been excluded from
the preceding table. However, other noncurrent liabilities recorded on our consolidated balance sheet included these
uncertain tax positions and noncurrent deferred tax liabilities.
The expected timing of payment amounts of the obligations discussed above is estimated based on current information.
Timing and actual amounts paid may differ depending on the timing of receipt of goods or services, market prices, changes to
agreed-upon amounts, or timing of certain events for some obligations. The contractual obligations in the table above include
the current portions of the related long-term obligations. All other current liabilities are excluded.
Purchase obligations include all commitments to purchase goods or services of either a fixed or minimum quantity that
meet any of the following criteria: (1) they are noncancelable, (2) we would incur a penalty if the agreement was canceled, or
(3) we must make specified minimum payments even if we do not take delivery of the contracted products or services ("take-or-
pay"). If the obligation to purchase goods or services is noncancelable, the entire value of the contract was included in the
above table. If the obligation is cancelable, but we would incur a penalty if canceled, the dollar amount of the penalty was
included as a purchase obligation. Contracted minimum amounts specified in take-or-pay contracts are also included in the
above table as they represent the portion of each contract that is a firm commitment.