Seagate 2009 Annual Report Download - page 85

Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following is a summary of the fair value of available-for-sale securities at July 3, 2009:
Restricted Cash and Investments
As of July 2, 2010, the Company's restricted cash and investments of $114 million consisted of $76 million cash held in trust for payment of
its deferred compensation plan liabilities and $38 million in cash and investment collateral held at banks for various performance obligations. As
of July 3, 2009, the Company's restricted cash and investments of $508 million consisted primarily of $380 million of proceeds from the
issuance of the Company's 10% Senior Secured Second-Priority Notes due May 2014 (the "10% Notes") held in escrow for repayment or
repurchase of debt, $85 million of cash held in trust for payment of its deferred compensation plan liabilities, and $43 million in cash collateral
held at banks for various performance obligations.
Accounts Receivable, net
Activity in the allowance for doubtful accounts is as follows:
(Dollars in millions)
Amortized
Cost
Unrealized
Gain/(Loss)
Fair
Value
Money market funds
$
914
$
—
$
914
Commercial paper
348
—
348
U.S. treasuries and agency
bonds
52
1
53
Certificates of deposit
50
—
50
Auction rate securities
21
(3
)
18
Corporate bonds
16
—
16
Municipal bonds
14
—
14
Total
$
1,415
$
(2
)
$
1,413
Included in Cash and cash
equivalents
$
1,281
Included in Short term
investments
114
Included in Other assets, net
18
Total
$
1,413
(Dollars in millions)
July 2,
2010
July 3,
2009
Accounts receivable
$
1,410
$
1,043
Allowance for doubtful accounts
(10
)
(10
)
$
1,400
$
1,033
(Dollars in
millions)
Balance at
Beginning of
Period
Charges to
Operations Deductions
(1)
Balance at
End of
Period
Fiscal year
ended
June 27,
2008
$
50
$
(3
)
$
(41
)
$
6
Fiscal year
ended
July 3,
2009
$
6
$
4
$
—
$
10
Fiscal year
ended
July 2,
2010
$
10
$
1
$
(1
)
$
10
(1)
Uncollectible accounts written off, net of recoveries.