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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Financial Instruments
The following is a summary of the fair value of available-for-sale securities at June 29, 2007 (in millions):
At June 29, 2007, the Company had marketable securities with a fair value of $23 million that had been in a
continuous unrealized loss position for a period greater than twelve months. The Company reviewed these
marketable securities and determined that no investments were other-than-temporarily impaired at June 29, 2007.
The unrealized loss on these marketable securities was immaterial.
The following is a summary of the fair value of available-for-sale securities at June 30, 2006 (in millions):
At June 30, 2006, the Company had marketable securities with a fair value of $58 million that had been in a
continuous unrealized loss position for a period greater than twelve months. The Company reviewed these
marketable securities and determined that no investments were other-than-temporarily impaired at June 30, 2006.
The unrealized loss on these marketable securities was immaterial.
68
2.
Balance Sheet Information
Amortized
Unrealized
Cost
Loss
Fair Value
US Government & Agency
$
145
$
(1
)
$
144
Asset Backed Securities
4
—
4
Corporate Bonds
21
—
21
Municipal Bonds
5
—
5
Commercial Paper
768
—
768
Bank time deposits
4
—
4
Money Market
72
—
72
Total
$
1,019
$
(1
)
$
1,018
Included in cash and cash equivalents
$
862
Included in short term investments
156
$
1,018
Amortized
Unrealized
Cost
Loss
Fair Value
US Government & Agency
$
624
$
(7
)
$
617
Asset Backed Securities
49
—
49
Corporate Bonds
83
(1
)
82
Municipal Bonds
7
—
7
Auction Rate Securities
68
—
68
Commercial Paper
338
—
338
Bank time deposits
5
—
5
Money Market
414
—
414
Total
$
1,588
$
(8
)
$
1,580
Included in cash and cash equivalents
$
757
Included in short term investments
823
$
1,580