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:
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|
Year Ended |
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|
|
March 29, |
|
March 30, 2012 |
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April 1, |
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|
(In millions) |
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|
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 |