Seagate 2009 Annual Report Download - page 104
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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
As of July 3, 2009, the total notional value of the Company's outstanding foreign currency forward exchange contracts was:
The following table shows the Company's derivative instruments measured at gross fair value as reflected in the Consolidated Balance
Sheet as of July 3, 2009:
Fair Values of Derivative Instruments
97
(Dollars in millions)
Contracts Qualifying
as Hedges Under ASC 815
Contracts Not
Qualifying
as Hedges Under ASC 815
Thai baht
$
104
$
64
Singapore dollars
24
3
Czech koruna
—
8
$
128
$
75
Asset Derivatives Liability Derivatives
(Dollars in millions)
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Derivatives designated as hedging
instruments under ASC 815:
Foreign currency forward
exchange contracts
Other current assets
$
1
Accrued expenses
$
—
Derivatives not designated as
hedging instruments under
ASC 815:
Foreign currency forward
exchange contracts
Other current assets
$
—
Accrued expenses
$
—
Total return swap
Other current assets
—
Accrued expenses
(1
)
Total derivatives
$
1
$
(1
)