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TableofContents
SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
ThefollowingtablesshowtheeffectoftheCompany'sderivativeinstrumentsontheConsolidatedStatementofComprehensiveIncomeandtheConsolidated
StatementsofOperationsforthefiscalyearendedJuly1,2016:

ThefollowingtablesshowtheeffectoftheCompany'sderivativeinstrumentsontheConsolidatedStatementofComprehensiveIncomeandtheConsolidated
StatementsofOperationsforthefiscalyearendedJuly3,2015:

94
(Dollarsinmillions)
DerivativesDesignatedasCash
FlowHedges
Amountof
Gainor
(Loss)
Recognized
inOCIon
Derivatives
(Effective
Portion)
LocationofGain
or(Loss)
Reclassified
from
Accumulated
OCIinto
Income
(Effective
Portion)
Amountof
Gainor(Loss)
Reclassified
from
Accumulated
OCIinto
Income
(Effective
Portion)
LocationofGain
or(Loss)
Recognizedin
Incomeon
Derivatives
(Ineffective
Portionand
AmountExcluded
from
Effectiveness
Testing)
Amountof
Gain
or(Loss)
Recognizedin
Income
(Ineffective
Portionand
Amount
Excludedfrom
Effectiveness
Testing)(a)
Foreigncurrencyforwardexchange
contracts  $ (4) Costofrevenue $ (2) Costofrevenue $ —
DerivativesNotDesignatedasHedgingInstruments
LocationofGainor
(Loss)Recognizedin
IncomeonDerivatives
AmountofGainor
(Loss)Recognizedin
IncomeonDerivatives
Foreigncurrencyforwardexchangecontracts Other,net  $ (5)
Totalreturnswap  Operatingexpenses  $ (1)
(a) Theamountsofgainsorlossesrecognizedinincomerelatedtotheineffectiveportionofthehedgingrelationshipsandtotheamount
excludedfromtheassessmentofhedgeeffectivenesswereimmaterialforthefiscalyearendedJuly1,2016.
(Dollarsinmillions)
DerivativesDesignatedasCashFlow
Hedges
Amountof
Gainor
(Loss)
Recognized
inOCIon
Derivatives
(Effective
Portion)
LocationofGain
or(Loss)
Reclassified
from
Accumulated
OCIinto
Income
(Effective
Portion)
Amountof
Gainor(Loss)
Reclassified
from
Accumulated
OCIinto
Income
(Effective
Portion)
LocationofGain
or(Loss)
Recognizedin
Incomeon
Derivatives
(Ineffective
Portionand
AmountExcluded
from
Effectiveness
Testing)
Amountof
Gain
or(Loss)
Recognizedin
Income
(Ineffective
Portionand
Amount
Excludedfrom
Effectiveness
Testing)(a)
Foreigncurrencyforwardexchange
contracts  $ (11)
Costof
revenue  $ (13) Costofrevenue $ 1
DerivativesNotDesignatedasHedgingInstruments
LocationofGainor
(Loss)Recognizedin
IncomeonDerivatives
AmountofGainor
(Loss)Recognizedin
IncomeonDerivatives
Foreigncurrencyforwardexchangecontracts Other,net  $ (4)
Totalreturnswap  Operatingexpenses $ —
(a) Theamountsofgainsorlossesrecognizedinincomerelatedtotheineffectiveportionofthehedgingrelationshipswereimmaterialforthe
fiscalyearendedJuly3,2015.Theamountofgainsrecognizedinincomerelatedtotheamountexcludedfromtheassessmentofhedge
effectivenesswas$1millionforthefiscalyearendedJuly3,2015.