Thats a dual section cap from the looks of it. Starts/Runs both the fan and the compressor. Luckily, I have a full 10 year warranty on the ac. They have replaced the cap/caps 3 times now. However, only one section went bad the first time, the section for the fan. I believe the cap was a 40uf / 7uf but no bulge on the top of that one when the 7uf section went south. They left the original cap in for the compressor and then installed a USED one for the fan. Not knowing much but knowing enough, I told the tech that he would be back soon because the original cap was going to fail and the compressor would no longer run. When you get a 10 year full warranty, they cheap out as much as possible. Sure enough, no more than two months later they were back replacing that cap for the compressor which had a bulging top at that point just like the one in your picture. They replaced with single section, thankfully a new one. The following summer (last summer) they were back again replacing that used fan cap they put in the year before but from memory, the cap showed no physical sign of problems. That AC unit has gone out every summer (Florida) for something minor for the past 4 years. Fan motor, fan blade, those 2 caps, and the cap again. ALWAYS on friday night or on the weekend. I bought a 12000 BTU room ac window unit when the fan motor went because it required a part order. It's installed in the living room window with a quick and easy way to close off the room with plastic tarp just for the now annual occassion. Everyone just crashes in the cool living room for a night or two or 7. 2 years left on the warranty then I'll either replace the unit or buy a spare cap. I should be tarping the living room again anytime between now and August. :-)