Seagate 2014 Annual Report Download - page 77

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TableofContents
SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
Inventories
Thefollowingtableprovidesdetailsoftheinventorybalancesheetitem:
OtherCurrentAssets
Thefollowingtableprovidesdetailsoftheothercurrentassetsbalancesheetitem:
Othercurrentassetsincludenon-tradereceivablesfromcertainmanufacturingvendorsresultingfromthesaleofcomponentstothesevendorswho
manufacturecompletedsub-assembliesorfinishedgoodsfortheCompany.TheCompanydoesnotreflectthesaleofthesecomponentsinrevenueanddoesnot
recognizeanyprofitsonthesesales.Thecostsofthecompletedsub-assembliesareincludedininventoryuponpurchasefromthevendors.
Property,EquipmentandLeaseholdImprovements,net
Thecomponentsofproperty,equipmentandleaseholdimprovements,netwereasfollows:
Depreciationexpense,whichincludesamortizationofleaseholdimprovements,was$689million,$748millionand$727millionforfiscalyears2015,2014,
and2013,respectively.Interestonborrowingsrelatedtoeligiblecapitalexpendituresiscapitalizedaspartofthecostofthequalifiedassetsandamortizedoverthe
estimatedusefullivesoftheassets.Duringfiscalyears2015,2014,and2013,theCompanycapitalizedinterestof$15million,$7millionand$10million,
respectively.
74
(Dollarsinmillions) 
July3,
2015
June27,
2014
Rawmaterialsandcomponents  $ 352 $ 324
Work-in-process   239  267
Finishedgoods   402  394
 $ 993 $ 985
(Dollarsinmillions) 
July3,
2015
June27,
2014
Vendornon-tradereceivables  $ 66 $ 112
Other   160  167
 $ 226 $ 279
(Dollarsinmillions) 
UsefulLife
inYears
July3,
2015
June27,
2014
Landandlandimprovements  $ 48 $ 45
Equipment 3–5   7,440  7,159
Buildingsandleaseholdimprovements Upto48   1,595  1,452
Constructioninprogress   547  323
  9,630  8,979
Less:accumulateddepreciationandamortization (7,352)  (6,843)
 $ 2,278 $ 2,136