Seagate 2014 Annual Report Download - page 77
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SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
Inventories
Thefollowingtableprovidesdetailsoftheinventorybalancesheetitem:
OtherCurrentAssets
Thefollowingtableprovidesdetailsoftheothercurrentassetsbalancesheetitem:
Othercurrentassetsincludenon-tradereceivablesfromcertainmanufacturingvendorsresultingfromthesaleofcomponentstothesevendorswho
manufacturecompletedsub-assembliesorfinishedgoodsfortheCompany.TheCompanydoesnotreflectthesaleofthesecomponentsinrevenueanddoesnot
recognizeanyprofitsonthesesales.Thecostsofthecompletedsub-assembliesareincludedininventoryuponpurchasefromthevendors.
Property,EquipmentandLeaseholdImprovements,net
Thecomponentsofproperty,equipmentandleaseholdimprovements,netwereasfollows:
Depreciationexpense,whichincludesamortizationofleaseholdimprovements,was$689million,$748millionand$727millionforfiscalyears2015,2014,
and2013,respectively.Interestonborrowingsrelatedtoeligiblecapitalexpendituresiscapitalizedaspartofthecostofthequalifiedassetsandamortizedoverthe
estimatedusefullivesoftheassets.Duringfiscalyears2015,2014,and2013,theCompanycapitalizedinterestof$15million,$7millionand$10million,
respectively.
74
(Dollarsinmillions)
July3,
2015
June27,
2014
Rawmaterialsandcomponents $ 352 $ 324
Work-in-process 239 267
Finishedgoods 402 394
$ 993 $ 985
(Dollarsinmillions)
July3,
2015
June27,
2014
Vendornon-tradereceivables $ 66 $ 112
Other 160 167
$ 226 $ 279
(Dollarsinmillions)
UsefulLife
inYears
July3,
2015
June27,
2014
Landandlandimprovements $ 48 $ 45
Equipment 3–5 7,440 7,159
Buildingsandleaseholdimprovements Upto48 1,595 1,452
Constructioninprogress 547 323
9,630 8,979
Less:accumulateddepreciationandamortization (7,352) (6,843)
$ 2,278 $ 2,136