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SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
Thefollowingtablesummarizes,bymajortype,thefairvalueandamortizedcostoftheCompany'sinvestmentsasofJune27,2014:
AsofJune27,2014,theCompany'sRestrictedcashandinvestmentsconsistedof$4millionincashandinvestmentsheldascollateralatbanksforvarious
performanceobligations.
Duringthefourthquarterof2014,theCompanysoldallofitsauctionratesecuritiesandrecognizedanimmateriallossonthesalewhichisincludedinOther,
netintheCompany'sConsolidatedStatementofOperations.
AsofJune27,2014,theCompanyhadnoavailable-for-salesecuritiesthathadbeeninacontinuousunrealizedlosspositionforaperiodgreaterthan
12months.TheCompanydeterminednoavailable-for-salesecuritieswereother-than-temporarilyimpairedasofJune27,2014.
AccountsReceivable,net
Thefollowingtableprovidesdetailsoftheaccountsreceivable,netbalancesheetitem:
Activityintheallowancefordoubtfulaccountsisasfollows:
73
(Dollarsinmillions)
Amortized
Cost
Unrealized
Gain/(Loss)
Fair
Value
Available-for-salesecurities:
Moneymarketfunds $ 793 $ — $ 793
Commercialpaper 1,261 — 1,261
Corporatebonds 6 — 6
Certificatesofdeposit 273 — 273
Total $ 2,333 $ — $ 2,333
IncludedinCashandcashequivalents $ 2,309
IncludedinShort-terminvestments 20
IncludedinRestrictedcashandinvestments 4
Total $ 2,333
(Dollarsinmillions)
July3,
2015
June27,
2014
Accountsreceivable $ 1,744 $ 1,741
Allowancefordoubtfulaccounts (9) (12)
$ 1,735 $ 1,729
(Dollarsinmillions)
Balanceat
Beginningof
Period
Charges
(credit)to
Operations
Deductions
(a)
Assumedfrom
LaCieS.A.
Balanceat
Endof
Period
FiscalyearendedJune28,2013 $ 10 (2) (1) 1 $ 8
FiscalyearendedJune27,2014 $ 8 4 — — $ 12
FiscalyearendedJuly3,2015 $ 12 — (3) — $ 9
(a) Uncollectibleaccountswrittenoff,netofrecoveries.