Agreement with SK hynix Agreement (Tables)

12 Months Ended

Dec. 31, 2013

The estimated SK hynix Fair Value is determined as follows:



(in millions)	Estimated SK hynix Fair Value
Antitrust litigation settlement	$	4.0
Settlement of past infringement	280.0
License agreement	250.0
Total SK hynix Fair Value	$	534.0

The estimated Micron Fair Value is determined as follows:



(in millions)	Estimated Micron Fair Value
Antitrust litigation settlement	$	8.0
Settlement of past infringement	235.0
License agreement	440.0
Total Micron Fair Value	$	683.0

Allocated consideration of settlement agreement

Based on the estimated Micron Fair Value, the total consideration of $280.0 million was allocated to the following elements:



(in millions)	Allocated Consideration
Antitrust litigation settlement	$	3.3
Settlement of past infringement	96.3
License agreement	180.4
Total consideration	$	280.0

Based on the estimated SK hynix Fair Value, the total consideration of $240.0 million was allocated to the following elements:



(in millions)	Allocated Consideration
Antitrust litigation settlement	$	1.9
Settlement of past infringement	125.8
License agreement	112.3
Total consideration	$	240.0

Schedule of cash receipts

The cumulative cash receipts through December 31, 2013 and the remaining future cash receipts from the agreements with Micron are expected to be recognized as follows assuming no adjustments to the payments under the terms of the agreements:



	Received in		Estimated to Be Received in										Total Estimated Cash Receipts
	2013		2014		2015		2016		2017		2018 and thereafter		Total Estimated Cash Receipts
(in millions)
Royalty revenue	$	5.3	$	38.7	$	38.7	$	39.5	$	40.0	$	114.5	$	276.7
Gain from settlement	0.2		1.3		1.3		0.5		—		—		3.3
Total	$	5.5	$	40.0	$	40.0	$	40.0	$	40.0	$	114.5	$	280.0

The cumulative cash receipts through December 31, 2013 and the remaining future cash receipts from the agreements with SK hynix are expected to be recognized as follows assuming no adjustments to the payments under the terms of the agreements:



	Received in		Estimated to Be Received in										Total Estimated Cash Receipts
	2013		2014		2015		2016		2017		2018		Total Estimated Cash Receipts
(in millions)
Royalty revenue	$	23.6	$	47.3	$	47.3	$	47.9	$	48.0	$	24.0	$	238.1
Gain from settlement	0.4		0.7		0.7		0.1		—		—		1.9
Total	$	24.0	$	48.0	$	48.0	$	48.0	$	48.0	$	24.0	$	240.0