Seagate 2014 Annual Report Download - page 94

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TableofContents
SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
TheCompanydidnotdesignatetheTRSasahedge.Rather,theCompanyrecordsallchangesinthefairvalueoftheTRStoearningstooffsetthemarketvalue
changesoftheSDCPliabilities.
ThefollowingtablesshowtheCompany'sderivativeinstrumentsmeasuredatgrossfairvalueasreflectedintheConsolidatedBalanceSheetsasofJuly3,
2015andJune27,2014:

91
 AsofJuly3,2015
 AssetDerivatives LiabilityDerivatives
(Dollarsinmillions) 
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Derivativesdesignatedashedginginstruments:         
Foreigncurrencyforwardexchangecontracts  Othercurrentassets  $ 2 Accruedexpenses  $ (1)
Derivativesnotdesignatedashedginginstruments:         
Foreigncurrencyforwardexchangecontracts  Othercurrentassets   — Accruedexpenses   (3)
Totalreturnswap  Othercurrentassets   1 Accruedexpenses   —
Totalderivatives    $ 3   $ (4)
 AsofJune27,2014
 AssetDerivatives LiabilityDerivatives
(Dollarsinmillions) 
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Derivativesdesignatedashedginginstruments:         
Foreigncurrencyforwardexchangecontracts  Othercurrentassets  $ 3 Accruedexpenses  $ —
Derivativesnotdesignatedashedginginstruments:         
Foreigncurrencyforwardexchangecontracts  Othercurrentassets   2 Accruedexpenses   —
Totalreturnswap  Othercurrentassets   — Accruedexpenses   —
Totalderivatives    $ 5   $ —