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SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
Subtopic835-30),PresentationandSubsequentMeasurementofDebtIssuanceCostsAssociatedwithLine-of-CreditArrangements-AmendmentstoSEC
ParagraphsPursuanttoStaffAnnouncementatJune18,2015EITFMeeting,respectively.TheASUsrequirethatdebtissuancecostsrelatedtoarecognizeddebt
liability,withtheexceptionofthoserelatedtoline-of-creditarrangements,bepresentedinthebalancesheetasadirectdeductionfromthecarryingamountofthat
debtliability.TheamendmentsintheseASUsareeffectiveforfiscalyears,andinterimperiodswithinthoseyears,beginningafterDecember15,2015.Early
adoptionispermittedforfinancialstatementsthathavenotbeenpreviouslyissued.Theadoptionofthisnewguidanceisnotexpectedtohaveamaterialimpacton
theCompany'sconsolidatedfinancialstatementsanddisclosures.
InJuly2015,theFASBissuedASU2015-11(ASCTopic330),Inventory:SimplifyingtheMeasurementofInventory.TheamendmentsinthisASUrequire
inventorymeasurementatthelowerofcostandnetrealizablevalue.TheamendmentsinthisASUareeffectiveforfiscalyearsbeginningafterDecember15,2016,
includinginterimperiodswithinthosefiscalyears.Earlyadoptionispermittedbyallentitiesasofthebeginningofaninterimorannualreportingperiod.The
Companyisintheprocessofassessingtheimpact,ifany,ofthisASUonitsconsolidatedfinancialstatements.
InSeptember2015,theFASBissuedASU2015-16(ASCTopic805),BusinessCombinationsSimplifyingtheAccountingforMeasurement-Period
Adjustments.Theamendmentsinthisupdaterequirethatanacquirerrecognizemeasurementperiodadjustmentsintheperiodinwhichtheadjustmentsare
determined.Theincomeeffectsofsuchmeasurementperiodadjustmentsaretoberecordedinthesameperiod'sfinancialstatementsbutcalculatedasifthe
accountinghadbeencompletedasoftheacquisitiondate.Theimpactofmeasurementperiodadjustmentstoearningsthatrelatetopriorperiodfinancialstatements
aretobepresentedseparatelyontheincomestatementordisclosedbylineitem.Theamendmentsinthisupdateareforfiscalyears,includinginterimperiods
withinthosefiscalyears,beginningafterDecember15,2015.Earlyadoptionispermittedforpublicbusinessentitiesforreportingperiodsforwhichfinancial
statementshavenotyetbeenissued.TheadoptionofthisnewguidanceisnotexpectedtohaveamaterialimpactontheCompany'sconsolidatedfinancial
statementsanddisclosures.
InNovember2015,theFASBissuedASU2015-17(ASCTopic740),IncomeTaxesBalanceSheetClassificationofDeferredTaxes.Theamendmentsinthis
UpdateareeffectiveforfiscalyearsbeginningafterDecember15,2016,includinginterimperiodswithinthosefiscalyears.Earlyadoptionispermittedbyall
entitiesasofthebeginningofaninterimorannualreportingperiod.TheCompanyearlyadoptedthisASUfortheDecember2015quarteronaprospectivebasis.
See"Note7.IncomeTaxes"fordisclosureofthefinancialstatementimpactofthisadoption.
InJanuary2016,theFASBissuedASU2016-01(ASCSubtopic825-10),FinancialInstruments—OverallRecognitionandMeasurementofFinancialAssets
andFinancialLiabilities.TheamendmentsinthisASUrequireentitiestomeasureallinvestmentsinequitysecuritiesatfairvaluewithchangesrecognized
throughnetincome.Thisrequirementdoesnotapplytoinvestmentsthatqualifyfortheequitymethodofaccounting,tothosethatresultinconsolidationofthe
investee,orforwhichtheentitymeetsapracticabilityexceptiontofairvaluemeasurement.Additionally,theamendmentseliminatecertaindisclosurerequirements
relatedtofinancialinstrumentsmeasuredatamortizedcostandadddisclosuresrelatedtothemeasurementcategoriesoffinancialassetsandfinancialliabilities.
TheamendmentsinthisASUareeffectiveforfiscalyearsbeginningafterDecember15,2017,includinginterimperiodswithinthosefiscalyears.Earlyadoptionis
permittedforonlycertainportionsoftheASU.TheCompanyisintheprocessofassessingtheimpact,ifany,onitsconsolidatedfinancialstatements.
InFebruary2016,theFASBissuedASU2016-02(ASCTopic842),Leases.TheASUamendsanumberofaspectsofleaseaccounting,includingrequiring
lesseestorecognizeoperatingleaseswitha
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