Seagate 2014 Annual Report Download - page 100
Download and view the complete annual report
Please find page 100 of the 2014 Seagate annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.TableofContents
SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
categorizedasLevel2.ThefollowingtablepresentsthefairvalueandamortizedcostoftheCompany'sdebtinorderofmaturity:
10.Shareholders'Equity
ShareCapital
TheCompany'sauthorizedsharecapitalis$13,500andconsistsof1,250,000,000ordinaryshares,parvalue$0.00001,ofwhich315,445,536shareswere
outstandingasofJuly3,2015,and100,000,000preferredshares,parvalue$0.00001,ofwhichnonewereissuedoroutstandingasofJuly3,2015.
Ordinaryshares—HoldersofordinarysharesareentitledtoreceivedividendswhenandasdeclaredbytheCompany'sboardofdirectors(the"Boardof
Directors").Uponanyliquidation,dissolution,orwindingupoftheCompany,afterrequiredpaymentsaremadetoholdersofpreferredshares,anyremaining
assetsoftheCompanywillbedistributedratablytoholdersofthepreferredandordinaryshares.Holdersofsharesareentitledtoonevotepershareonallmatters
uponwhichtheordinarysharesareentitledtovote,includingtheelectionofdirectors.
Preferredshares—TheCompanymayissuepreferredsharesinoneormoreseries,uptotheauthorizedamount,withoutshareholderapproval.TheBoardof
Directorsisauthorizedtoestablishfromtimetotimethenumberofsharestobeincludedineachseries,andtofixtherights,preferencesandprivilegesofthe
sharesofeachwhollyunissuedseriesandanyofitsqualifications,limitationsorrestrictions.TheBoardofDirectorscanalsoincreaseordecreasethenumberof
sharesofaseries,butnotbelowthenumberofsharesofthatseriesthenoutstanding,withoutanyfurthervoteoractionbytheshareholders.
TheBoardofDirectorsmayauthorizetheissuanceofpreferredshareswithvotingorconversionrightsthatcouldharmthevotingpowerorotherrightsofthe
holdersoftheordinaryshares.Theissuanceofpreferredshares,whileprovidingflexibilityinconnectionwithpossibleacquisitionsandothercorporatepurposes,
could,amongotherthings,havetheeffectofdelaying,deferringorpreventingachangeincontroloftheCompanyandmightharmthemarketpriceofitsordinary
sharesandthevotingandotherrightsoftheholdersofordinaryshares.
97
July3,2015 June27,2014
(Dollarsinmillions)
Carrying
Amount
Estimated
FairValue
Carrying
Amount
Estimated
FairValue
6.8%SeniorNotesdueOctober2016 $ — $ — $ 335 $ 374
3.75%SeniorNotesdueNovember2018 800 828 800 820
6.875%SeniorNotesdueMay2020 — — 534 578
7.00%SeniorNotesdueNovember2021 158 170 251 284
4.75%SeniorNotesdueJune2023 1,000 1,016 1,000 1,009
4.75%SeniorNotesdueJanuary2025 1,000 995 1,000 995
4.875%SeniorNotesdueJune2027 698 675 — —
5.75%SeniorNotesdueDecember2034 499 491 — —
4,155 4,175 3,920 4,060
Lessshort-termborrowingsandcurrentportionoflong-termdebt — — — —
Long-termdebt,lesscurrentportion $ 4,155 $ 4,175 $ 3,920 $ 4,060