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Table of Contents
SEAGATE TECHNOLOGY PLC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following tables show the Company's derivative instruments measured at gross fair value as reflected in the Consolidated Balance
Sheets as of June 29, 2012 and July 1, 2011:
89
As of June 29, 2012
Asset Derivatives Liability Derivatives
(Dollars in millions)
Balance
Sheet
Location Fair
Value
Balance
Sheet
Location Fair
Value
Derivatives designated as hedging
instruments:
Foreign currency forward
exchange contracts
Other current assets
$
—
Accrued expenses
$
—
Derivatives not designated as
hedging instruments:
Foreign currency forward
exchange contracts
Other current assets
1
Accrued expenses
(2
)
Total derivatives
$
1
$
(2
)
As of July 1, 2011
Asset Derivatives
Liability Derivatives
(Dollars in millions)
Balance
Sheet
Location Fair
Value
Balance
Sheet
Location Fair
Value
Derivatives designated as hedging
instruments:
Foreign currency forward
exchange contracts
Other current assets
$
4
Accrued expenses
$
(2
)
Derivatives not designated as
hedging instruments:
Foreign currency forward
exchange contracts
Other current assets
1
Accrued expenses
(4
)
Total derivatives
$
5
$
(6
)