Seagate 2013 Annual Report Download - page 98
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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 27, 2014 and 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 27, 2014:
As of June 27, 2014
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
$
3
Accrued
expenses
$
—
Derivatives not designated as hedging
instruments:
Foreign currency forward exchange
contracts
Other current
assets
2
Accrued
expenses
—
Total return swap
Other current
assets
—
Accrued
expenses
—
1
1
1
1
1
1
1
1
1
1
Total derivatives
$
5
$
—
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
As of June 28, 2013
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
—
Accrued
expenses
(1
)
1
1
1
1
1
1
1
1
1
1
Total derivatives
$
—
$
(
1
)
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
(Dollars in millions)
Derivatives Designated as Cash
Flow Hedges
Amount of
Gain or
(Loss)
Recognized
in OCI on
Derivatives
(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
Derivatives
(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
$
(1
)
Cost of
revenue
$
—
Cost of
revenue
$
—
Derivatives Not Designated as Hedging Instruments
Location of Gain or
(Loss) Recognized in
Income on Derivatives
Amount of Gain or
(Loss) Recognized in
Income on Derivatives
Foreign currency forward exchange contracts
Other, net
$
—