MICRON TECHNOLOGY INC | 2013 | FY | 3

Conversion prices per share and the conversion value in excess of principal for our convertible notes were as follows:

 
 
Initial Conversion
 
Conversion Price Per Share Threshold(2)
 
Conversion Value
in Excess of Principal(3)
 
 
Outstanding Principal
 
Price Per Share
 
Number of Shares(1)
 
 
2013
 
2012
2014 Notes
 
$
485

 
14.23
 
34.1

 
18.50
 
$
—

 
$
—

2027 Notes
 
175

 
10.90
 
16.1

 
14.17
 
43

 
—

2031A Notes
 
345

 
9.50
 
36.3

 
12.35
 
148

 
—

2031B Notes
 
345

 
9.50
 
36.3

 
12.35
 
148

 
—

2032C Notes
 
550

 
9.63
 
57.1

 
12.52
 
225

 
—

2032D Notes
 
450

 
9.98
 
45.1

 
12.97
 
162

 
—

2033E Notes
 
300

 
10.93
 
27.4

 
14.21
 
72

 
—

2033F Notes
 
300

 
10.93
 
27.4

 
14.21
 
72

 
—

(1)Shares issuable, upon conversion, for the principal amount of the notes.
(2)Holders may convert their notes during any calendar quarter if the closing price of our common stock for at least 20 trading days in a 30 trading day period ending on the last trading day of the immediately preceding calendar quarter is 130% of the initial conversion price per share.
(3)Based on our closing share price of $13.57 and $6.18 as of August 29, 2013 and August 30, 2012, respectively.

The debt and equity components of all of our convertible notes outstanding as of August 29, 2013 were required to be accounted for separately. Principal and carrying amounts of the liability components for our convertible notes were as follows:

As of
 
 
 
2013
 
2012
 
 
Term
(Years)(1)
 
Outstanding Principal
 
Unamortized Discount
 
Net Carrying Amount
 
Outstanding Principal
 
Unamortized Discount
 
Net Carrying Amount
2014 Notes
 
1
 
$
485

 
$
(20
)
 
$
465

 
$
949

 
$
(89
)
 
$
860

2027 Notes
 
4
 
175

 
(28
)
 
147

 
175

 
(34
)
 
141

2031A Notes
 
5
 
345

 
(68
)
 
277

 
345

 
(80
)
 
265

2031B Notes
 
7
 
345

 
(92
)
 
253

 
345

 
(102
)
 
243

2032C Notes
 
6
 
550

 
(87
)
 
463

 
550

 
(99
)
 
451

2032D Notes
 
8
 
450

 
(81
)
 
369

 
450

 
(89
)
 
361

2033E Notes
 
4
 
300

 
(28
)
 
272

 
—

 
—

 
—

2033F Notes
 
6
 
300

 
(40
)
 
260

 
—

 
—

 
—

(1)Expected term for amortization of the remaining debt discount as of August 29, 2013.

Carrying amounts of the equity components for our convertible notes were as follows:

As of
 
2013
 
2012
2014 Notes
 
$
353

 
$
368

2027 Notes
 
40

 
40

2031A Notes
 
89

 
89

2031B Notes
 
109

 
109

2032C Notes
 
101

 
101

2032D Notes
 
90

 
90

2033E Notes
 
30

 
—

2033F Notes
 
42

 
—

us-gaap:ConvertibleDebtTableTextBlock