Crucial 2015 Annual Report Download - page 74

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72
The following table presents information related to the issued and outstanding capped calls as of September 3, 2015:
Capped
Calls Strike
Price
Cap Price Range Underlying
Common
Shares
Value at Expiration(1)
Expiration Dates Low High Minimum Maximum
2031 Jan 2016 – Feb 2016 $ 9.50 $ 13.17 $ 13.17 18 $ — $ 67
2032C May 2016 – Nov 2017 9.80 14.26 15.69 56 — 307
2032D Nov 2016 – May 2018 10.16 14.62 16.04 44 — 244
2033E Jan 2018 – Feb 2018 10.93 14.51 14.51 27 — 98
2033F Jan 2020 – Feb 2020 10.93 14.51 14.51 27 — 98
172 $ — $ 814
(1) Settlement in cash on the respective expiration dates would result in us receiving an amount ranging from zero, if the
market price per share of our common stock is at or below the low strike price, to the maximum amount if the market
price per share of our common stock is at or above the high cap price. If share settlement were elected, the number of
shares received would be determined by the value of the capped calls at the time of settlement divided by the share
price on the settlement date. Settlement of the capped calls prior to the expiration dates may be for an amount less
than the maximum value at expiration.
Expiration and Unwind of Capped Calls: A portion of our 2031 Capped Calls expired in the fourth quarter of 2015. We
elected share settlement and received 3 million shares of our stock, equivalent to approximately $50 million based on the
trading stock price at the time of expiration, which were recorded as treasury stock. In May 2014, we and the counterparties
agreed to terminate and unwind a portion of our 2031 Capped Calls. We elected share settlement and received 3 million shares
of our stock, equivalent to approximately $86 million based on the trading stock price at the time of the unwind. The shares
received in May 2014 were retired from treasury stock in 2014.
Accumulated Other Comprehensive Income (Loss): Changes in accumulated other comprehensive income (loss) by
component for the year ended September 3, 2015, were as follows:
Cumulative
Foreign
Currency
Translation
Adjustments
Gains
(Losses) on
Derivative
Instruments,
Net
Gains
(Losses) on
Investments,
Net
Pension
Liability
Adjustments Total
Balance as of August 28, 2014 $ 42 $ 12 $ 1 $ 1 $ 56
Other comprehensive income (loss)
before reclassifications (42) (11)(2) 33 (22)
Amount reclassified out of accumulated
other comprehensive income —(6)(2)(2)(10)
Tax effects — — — (11)(11)
Other comprehensive income (loss) (42) (17)(4) 20 (43)
Balance as of September 3, 2015 $ — $ (5) $ (3) $ 21 $ 13
Noncontrolling Interests in Subsidiaries
As of 2015 2014
Noncontrolling
Interest
Balance
Noncontrolling
Interest
Percentage
Noncontrolling
Interest
Balance
Noncontrolling
Interest
Percentage
IMFT(1) $ 829 49% $ 693 49%
MP Mask(1) 93 50% 93 50%
Other 15 Various 16 Various
$ 937 $ 802
(1) Entity is a variable interest entity.