The bottom bracket is still sitting in the bottom of the bike and I don't have the tool to remove it, so it is very difficult to see anything on the spindle.

Now that I am looking at Sheldon's site it looks like the cap busted off some how, then the cone (?) slide out and dropped a couple bearrings. The spindle itself looks like it is in tact because I can't remove it until I take the crangs off.