Seagate 2014 Annual Report Download - page 94
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SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
TheCompanydidnotdesignatetheTRSasahedge.Rather,theCompanyrecordsallchangesinthefairvalueoftheTRStoearningstooffsetthemarketvalue
changesoftheSDCPliabilities.
ThefollowingtablesshowtheCompany'sderivativeinstrumentsmeasuredatgrossfairvalueasreflectedintheConsolidatedBalanceSheetsasofJuly3,
2015andJune27,2014:
91
AsofJuly3,2015
AssetDerivatives LiabilityDerivatives
(Dollarsinmillions)
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Derivativesdesignatedashedginginstruments:
Foreigncurrencyforwardexchangecontracts Othercurrentassets $ 2 Accruedexpenses $ (1)
Derivativesnotdesignatedashedginginstruments:
Foreigncurrencyforwardexchangecontracts Othercurrentassets — Accruedexpenses (3)
Totalreturnswap Othercurrentassets 1 Accruedexpenses —
Totalderivatives $ 3 $ (4)
AsofJune27,2014
AssetDerivatives LiabilityDerivatives
(Dollarsinmillions)
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Derivativesdesignatedashedginginstruments:
Foreigncurrencyforwardexchangecontracts Othercurrentassets $ 3 Accruedexpenses $ —
Derivativesnotdesignatedashedginginstruments:
Foreigncurrencyforwardexchangecontracts Othercurrentassets 2 Accruedexpenses —
Totalreturnswap Othercurrentassets — Accruedexpenses —
Totalderivatives $ 5 $ —