SYMANTEC CORP | 2013 | FY | 3


Note 14. Noncontrolling Interest 

 

As of March 30, 2012, we owned 54% of VeriSign Japan. During the second quarter of fiscal 2013, we completed a tender offer and paid $92 million to acquire VeriSign Japan common shares and stock rights, which increased our ownership percentage to 92%. During the third quarter of fiscal 2013, we acquired the remaining 8% interest for $19 million and it became a wholly-owned subsidiary. The payment for the remaining 8% interest was made in the fourth quarter of fiscal 2013.

 

The effect of the change in our ownership interest in VeriSign Japan on our equity is as follows: 

 

 

 

 

 

 

 

 

 

Year Ended

 

March 29,
2013

 

March 30,                                                                                                                                                                                                                                         2012

 

April 1,
2011

 

(In millions)

Net income attributable to Symantec Corporation stockholders

$                765

 

$             1,172

 

$                597

Transfers to noncontrolling interest:

 

 

 

 

 

Decrease in Symantec Corporation stockholders’ paid-in capital for purchase of 204,189 VeriSign Japan common shares and stock rights

(35)

 

 

Net transfers to noncontrolling interest

(35)

 

 

Change from net income attributable to Symantec Corporation stockholders and transfers to noncontrolling interest

$                730

 

$             1,172

 

$                597

 


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