Seagate 2015 Annual Report Download - page 77
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SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
termgreaterthanoneyearontheirbalancesheetasaright-of-useassetandcorrespondingleaseliability,measuredatthepresentvalueoftheleasepayments.The
amendmentsinthisASUareeffectiveforfiscalyearsbeginningafterDecember15,2018,includinginterimperiodswithinthosefiscalyears.Earlyadoptionis
permitted.TheCompanyisintheprocessofassessingtheimpactonitsconsolidatedfinancialstatements.
InMarch2016,theFASBissuedASU2016-09(ASCTopic718),StockCompensation—ImprovementstoEmployeeShare-BasedPaymentAccounting.The
amendmentsinthisASUareintendedtosimplifyseveralareasofaccountingforshare-basedcompensationarrangements,includingtheincometaxconsequences,
classificationontheconsolidatedstatementofcashflowsandtreatmentofforfeitures.TheamendmentsinthisASUareeffectiveforannualperiodsbeginningafter
December15,2016,andinterimperiodswithinthoseannualperiods.Earlyadoptionispermitted.TheCompanyisintheprocessofassessingtheimpact,ifany,of
thisASUonitsconsolidatedfinancialstatements.
2.BalanceSheetInformation
Investments
Thefollowingtablesummarizes,bymajortype,thefairvalueandamortizedcostoftheCompany'sinvestmentsasofJuly1,2016:
AsofJuly1,2016,theCompany'sOthercurrentassetsincludedof$7millioninrestrictedcashandinvestmentsheldascollateralatbanksforvarious
performanceobligations
AsofJuly1,2016,theCompanyhadnomaterialavailable-for-salesecuritiesthathadbeeninacontinuousunrealizedlosspositionforaperiodgreaterthan
12months.TheCompanydeterminednoavailable-for-salesecuritieswereother-than-temporarilyimpairedasofJuly1,2016.
74
(Dollarsinmillions)
Amortized
Cost
Unrealized
Gain/(Loss)
Fair
Value
Available-for-salesecurities:
Moneymarketfunds $ 318 $ — $ 318
Corporatebonds 6 — 6
Certificatesofdeposit 444 — 444
Total $ 768 $ — $ 768
IncludedinCashandcashequivalents $ 755
IncludedinShort-terminvestments 6
IncludedinOthercurrentassets 7
Total $ 768