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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 the Consolidated Statement of Comprehensive Income and
the Consolidated Statements of Operations for the fiscal year ended June 28, 2013:
The following tables show the effect of the Company's derivative instruments on the Consolidated Statement of Comprehensive Income and
the Consolidated Statements of Operations for the fiscal year ended June 29, 2012:
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
)
(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
$
—
Cost of
revenue
$
—
Cost of
revenue
$
—
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
$
3
(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
$
(7
)
Cost of
revenue
$
(5
)
Cost of
revenue
$
—