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Table of Contents
SEAGATE TECHNOLOGY PLC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
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 years ended July 2, 2010, July 1, 2011 and June 29, 2012:
Items Measured at Fair Value on a Non-Recurring Basis
The Company enters into certain strategic investments for the promotion of business and strategic objectives. Strategic investments in
equity securities where the Company does not have the ability to exercise significant influence over the investees, included in Other assets, net in
the Consolidated Balance Sheets, are recorded at cost and are periodically analyzed to determine whether or not there are indicators of
impairment. The carrying value of the Company's strategic investments at June 29, 2012 and July 1, 2011
95
(Dollars in millions)
Auction
Rate
Securities
Balance at July 3, 2009
$
18
Total net gains (losses) (realized and unrealized):
Realized gains (losses)
(1)
(1
)
Unrealized gains (losses)
(2)
—
Sales and settlements
—
Balance at July 2, 2010
17
Total net gains (losses) (realized and unrealized):
Realized gains (losses)
(1)
—
Unrealized gains (losses)
(2)
—
Sales and settlements
(1
)
Balance at July 1, 2011
16
Total net gains (losses) (realized and unrealized):
Realized gains (losses)
(1)
—
Unrealized gains (losses)
(2)
—
Sales and settlements
(1
)
Balance at June 29, 2012
$
15
(1) Realized gains (losses) on auction rate securities are recorded in Other, net in 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.