Seagate 2002 Annual Report Download - page 79

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SEAGATE TECHNOLOGY AND ITS PREDECESSOR
NOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS—(CONTINUED)
2. Balance Sheet Information
Financial Instruments
The following is a summary of the fair value of available-for-sale securities at June 27, 2003:
The following is a summary of the fair value of available-for-sale securities at June 28, 2002:
The fair value of the Company’s investment in debt securities, by contractual maturity, is as follows:
73
Amortized
Cost
Fair
Value
(in millions)
Money market mutual funds
$
234
$
234
U.S. government and agency obligations
171
171
Auction rate preferred stock
265
265
Corporate securities
459
459
Subtotal
1,129
1,129
Marketable equity securities
5
5
Total available
-
for
-
sale securities
$
1,134
$
1,134
Included in other assets
$
5
Included in cash and cash equivalents
684
Included in short
-
term investments
445
$
1,134
Amortized
Cost
Fair
Value
(in millions)
Money market mutual funds
$
180
$
180
U.S. government and agency obligations
40
40
Auction rate preferred stock
176
176
Municipal bonds
1
1
Corporate securities
388
388
Subtotal
785
785
Marketable equity securities
7
7
Total available
-
for
-
sale securities
$
792
$
792
Included in other assets
$
7
Included in cash and cash equivalents
554
Included in short
-
term investments
231
$
792
June 27,
2003
June 28,
2002
(in millions)
Due in less than 1 year
$
450
$
429
Due in 1 to 3 years
180
—
$
630
$
429