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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 1, 2011:
93
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
$
1,140
$
393
$
—
$
1,533
Short
-
term investments
—
411
—
411
Restricted cash and investments
91
2
—
93
Other current assets
—
2
—
2
Other assets, net
—
—
15
15
Total assets
$
1,231
$
808
$
15
$
2,054
Liabilities:
Accrued expenses
$
—
$
(
2
)
$
—
$
(
2
)
Total liabilities
$
—
$
(
2
)
$
—
$
(
2
)
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
$
—
$
1,729
$
—
$
1,729
Money market funds
800
—
—
800
U.S. treasuries and agency bonds
—
190
—
190
Certificates of deposit
—
133
—
133
Corporate bonds
—
116
—
116
Other debt securities
—
96
—
96
Total cash equivalents and short-term
investments
800
2,264
—
3,064
Restricted Cash and Investments:
Mutual Funds
81
—
—
81
Other debt securities
19
2
—
21
Auction rate securities
—
—
16
16
Derivative assets
—
5
—
5
Total Assets
$
900
$
2,271
$
16
$
3,187
Liabilities:
Derivative liabilities
$
—
$
(
6
)
$
—
$
(
6
)
Total Liabilities
$
—
$
(
6
)
$
—
$
(
6
)