Seagate 2014 Annual Report Download - page 75
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SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
InJuly2015,theFASBissuedASU2015-11(ASCTopic330),Inventory:SimplifyingtheMeasurementofInventory.TheamendmentsinthisASUrequire
inventorymeasurementatthelowerofcostandnetrealizablevalue.TheamendmentsinthisASUareeffectiveforfiscalyearsbeginningafterDecember15,2016,
includinginterimperiodswithinthosefiscalyears.Earlierapplicationispermittedbyallentitiesasofthebeginningofaninterimorannualreportingperiod.The
Companyisintheprocessofassessingtheimpact,ifany,onitsconsolidatedfinancialstatements.
2.BalanceSheetInformation
Investments
Thefollowingtablesummarizes,bymajortype,thefairvalueandamortizedcostoftheCompany'sinvestmentsasofJuly3,2015:
AsofJuly3,2015,theCompany'sRestrictedcashandinvestmentsconsistedof$7millionincashandinvestmentsheldascollateralatbanksforvarious
performanceobligations.
AsofJuly3,2015,theCompanyhadnomaterialavailable-for-salesecuritiesthathadbeeninacontinuousunrealizedlosspositionforaperiodgreaterthan
12months.TheCompanydeterminednoavailable-for-salesecuritieswereother-than-temporarilyimpairedasofJuly3,2015.
ThefairvalueandamortizedcostoftheCompany'sinvestmentsclassifiedasavailable-for-saleatJuly3,2015byremainingcontractualmaturitywasas
follows:
Equitysecuritieswhichdonothaveacontractualmaturitydatearenotincludedintheabovetable.
72
(Dollarsinmillions)
Amortized
Cost
Unrealized
Gain/(Loss)
Fair
Value
Available-for-salesecurities:
Moneymarketfunds $ 1,203 $ — $ 1,203
Corporatebonds 6 — 6
Certificatesofdeposit 867 — 867
Total $ 2,076 $ — $ 2,076
IncludedinCashandcashequivalents $ 2,063
IncludedinShort-terminvestments 6
IncludedinRestrictedcashandinvestments 7
Total $ 2,076
(Dollarsinmillions)
Amortized
Cost
Fair
Value
Dueinlessthan1year $ 2,070 $ 2,070
Duein1to5years 6 6
Duein5to10years — —
Thereafter — —
Total $ 2,076 $ 2,076