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Table of Contents
SEAGATE TECHNOLOGY PLC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following tables show the effect of the Company's derivative instruments on Other comprehensive income (loss) (OCI) and the
Consolidated Statements of Operations for the fiscal year ended June 29, 2012:
The following tables show the effect of the Company's derivative instruments on OCI and the Consolidated Statements of Operations for
the fiscal year ended July 1, 2011:
90
(Dollars in millions)
Derivatives Designated as Cash Flow Hedges
Amount of
Gain or
(Loss)
Recognized
in OCI on
Derivative
(Effective
Portion)
Location of
Gain
or (Loss)
Reclassified
from
Accumulated
OCI into
Income
(Effective
Portion)
Amount of
Gain or
(Loss)
Reclassified
from
Accumulated
OCI into
Income
(Effective
Portion)
Location of
Gain
or (Loss)
Recognized in
Income on
Derivative
(Ineffective
Portion and
Amount
Excluded
from
Effectiveness
Testing)
Amount of
Gain
or (Loss)
Recognized in
Income
(Ineffective
Portion and
Amount
Excluded
from
Effectiveness
Testing)
Foreign currency forward exchange
contracts
$
(7
)
Cost of
revenue
$
(5
)
Cost of
revenue
$
—
Derivatives Not Designated as Hedging Instruments
Location of Gain or
(Loss) Recognized in
Income on Derivative
Amount of Gain or
(Loss) Recognized in
Income on Derivative
Foreign currency forward exchange contracts
Other, net
$
(6
)
(Dollars in millions)
Derivatives Designated as Cash Flow Hedges
Amount of
Gain or
(Loss)
Recognized
in OCI on
Derivative
(Effective
Portion)
Location of
Gain
or (Loss)
Reclassified
from
Accumulated
OCI into
Income
(Effective
Portion)
Amount of
Gain or (Loss)
Reclassified
from
Accumulated
OCI into
Income
(Effective
Portion)
Location of
Gain
or (Loss)
Recognized in
Income on
Derivative
(Ineffective
Portion and
Amount
Excluded
from
Effectiveness
Testing)
Amount of
Gain
or (Loss)
Recognized in
Income
(Ineffective
Portion and
Amount
Excluded
from
Effectiveness
Testing)
(a)
Foreign currency forward exchange
contracts
$
39
Cost of
revenue
$
39
Cost of
revenue
$
(1
)
Derivatives Not Designated as Hedging Instruments
Location of Gain or
(Loss) Recognized in
Income on Derivative
Amount of Gain or
(Loss) Recognized in
Income on Derivative
Foreign currency forward exchange contracts
Other, net
$
18
Total return swap
Operating expenses
14
$
32
(a)
The amount of gain or (loss) recognized in income represents $0 related to the ineffective portion of the hedging
relationships and $1 million related to the amount excluded from the assessment of hedge effectiveness, for the fiscal year
ended July 1, 2011.