Seagate 2010 Annual Report Download - page 104

Table of Contents
SEAGATE TECHNOLOGY PLC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following table presents the Company's assets and liabilities that are measured at fair value on a recurring basis, excluding accrued
interest components, as of July 2, 2010:
Level 1 assets consist of money market funds and mutual funds for which quoted prices are available in an active market.
97
Fair Value Measurements at Reporting Date Using
(Dollars in millions)
Quoted
Prices in
Active
Markets for
Identical
Instruments
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3) Total Balance
Assets:
Commercial paper
$
—
$
1,231
$
—
$
1,231
Money market funds
833
—
—
833
U.S. treasuries and agency bonds
—
155
—
155
Other debt securities
—
134
—
134
Total Cash Equivalents and Marketable
Securities
833
1,520
—
2,353
Restricted Cash and Investments:
Other debt securities
76
5
—
81
Auction rate securities
—
—
17
17
Derivative assets
—
7
—
7
Total Assets
$
909
$
1,532
$
17
$
2,458
Liabilities:
Derivative liabilities
$
—
$
(
1
)
$
—
$
(
1
)
Total Liabilities
$
—
$
(
1
)
$
—
$
(
1
)
Fair Value Measurements at Reporting Date Using
(Dollars in millions)
Quoted
Prices in
Active
Markets for
Identical
Instruments
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Balance
Assets:
Cash and cash equivalents
$
833
$
1,268
$
—
$
2,101
Short
-
term investments
—
252
—
252
Restricted cash and investments
76
5
—
81
Other current assets
—
7
—
7
Other assets, net
—
—
17
17
Total Assets
$
909
$
1,532
$
17
$
2,458
Liabilities:
Accrued expenses
$
—
$
(
1
)
$
—
$
(
1
)
Total Liabilities
$
—
$
(
1
)
$
—
$
(
1
)