Seagate 2014 Annual Report Download - page 98
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SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
ThefollowingtablepresentstheCompany'sassetsandliabilitiesthataremeasuredatfairvalueonarecurringbasis,excludingaccruedinterestcomponents,as
ofJune27,2014:
TheCompanyclassifiesitemsinLevel1ifthefinancialassetsconsistofsecuritiesforwhichquotedpricesareavailableinanactivemarket.
TheCompanyclassifiesitemsinLevel2ifthefinancialassetorliabilityisvaluedusingobservableinputs.TheCompanyusesobservableinputsincluding
quotedpricesinactivemarketsforsimilarassetsorliabilities.Level2assetsinclude:agencybonds,corporatebonds,commercialpaper,municipalbonds,U.S.
Treasuriesandcertificatesofdeposits.Thesedebtinvestmentsarepricedusingobservableinputsandvaluationmodelswhichvarybyassetclass.TheCompany
usesapricingservicetoassistindeterminingthe
95
FairValueMeasurementsatReportingDateUsing
(Dollarsinmillions)
QuotedPricesin
ActiveMarkets
forIdentical
Instruments
(Level1)
Significant
Other
Observable
Inputs
(Level2)
Significant
Unobservable
Inputs
(Level3)
Total
Balance
Assets:
Moneymarketfunds $ 793 $ — $ — $ 793
Commercialpaper — 1,261 — 1,261
Certificatesofdeposit — 269 — 269
Corporatebonds — 6 — 6
Totalcashequivalentsandshort-terminvestments 793 1,536 — 2,329
RestrictedCashandInvestments:
Otherdebtsecurities — 4 — 4
Derivativeassets — 5 — 5
Totalassets $ 793 $ 1,545 $ — $ 2,338
Liabilities:
Derivativeliabilities $ — $ — $ — $ —
Totalliabilities $ — $ — $ — $ —
FairValueMeasurementsatReportingDateUsing
(Dollarsinmillions)
QuotedPricesin
ActiveMarkets
forIdentical
Instruments
(Level1)
Significant
Other
Observable
Inputs
(Level2)
Significant
Unobservable
Inputs
(Level3)
Total
Balance
Assets:
Cashandcashequivalents $ 793 $ 1,516 $ — $ 2,309
Short-terminvestments — 20 — 20
Restrictedcashandinvestments — 4 — 4
Otherassets,net — 5 — 5
Totalassets $ 793 $ 1,545 $ — $ 2,338
Liabilities:
Accruedexpenses $ — $ — $ — $ —
Totalliabilities $ — $ — $ — $ —