Seagate 2009 Annual Report Download - page 109

Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
sell the securities before the recovery of their amortized cost basis. As such, the Company believes the impairments totaling $2 million are not
other-than-
temporary and therefore have been recorded in Accumulated other comprehensive income (loss). Given the uncertainty as to when the
liquidity issues associated with these securities will improve, these securities were classified as long-term investments in the Company's
Consolidated Balance Sheets.
The table below presents a reconciliation of all assets and liabilities measured at fair value on a recurring basis, excluding accrued interest
components, using significant unobservable inputs (Level 3) for the fiscal year ended July 2, 2010:
102
Fair Value
Measurements
Using
Significant
Unobservable
Inputs
(Level 3)
(Dollars in millions)
Auction
Rate
Securities
Balance at June 27, 2008
$
—
Transfers in/(out) of Level 3
28
Total net gains (losses) (realized and unrealized):
Realized gains (losses)
(1)
(2
)
Unrealized gains (losses)
(2)
—
Purchases, sales, issuances, settlements
(8
)
Balance at July 3, 2009
18
Total net gains (losses) (realized and unrealized):
Realized gains (losses)
(1)
—
Unrealized gains (losses)
(2)
(1
)
Balance at July 2, 2010
$
17
(1) Realized gains (losses) on auction rate securities are recorded in Other, net on the Consolidated Statements
of Operations.
(2) Unrealized gains (losses) on auction rate securities are recorded as a separate component of Total
comprehensive income (loss) in Accumulated other comprehensive income (loss), which is a component of
Shareholders' Equity.