Seagate 2015 Annual Report Download - page 97
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SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
ThefollowingtablesshowtheeffectoftheCompany'sderivativeinstrumentsontheConsolidatedStatementofComprehensiveIncomeandtheConsolidated
StatementsofOperationsforthefiscalyearendedJuly1,2016:
ThefollowingtablesshowtheeffectoftheCompany'sderivativeinstrumentsontheConsolidatedStatementofComprehensiveIncomeandtheConsolidated
StatementsofOperationsforthefiscalyearendedJuly3,2015:
94
(Dollarsinmillions)
DerivativesDesignatedasCash
FlowHedges
Amountof
Gainor
(Loss)
Recognized
inOCIon
Derivatives
(Effective
Portion)
LocationofGain
or(Loss)
Reclassified
from
Accumulated
OCIinto
Income
(Effective
Portion)
Amountof
Gainor(Loss)
Reclassified
from
Accumulated
OCIinto
Income
(Effective
Portion)
LocationofGain
or(Loss)
Recognizedin
Incomeon
Derivatives
(Ineffective
Portionand
AmountExcluded
from
Effectiveness
Testing)
Amountof
Gain
or(Loss)
Recognizedin
Income
(Ineffective
Portionand
Amount
Excludedfrom
Effectiveness
Testing)(a)
Foreigncurrencyforwardexchange
contracts $ (4) Costofrevenue $ (2) Costofrevenue $ —
DerivativesNotDesignatedasHedgingInstruments
LocationofGainor
(Loss)Recognizedin
IncomeonDerivatives
AmountofGainor
(Loss)Recognizedin
IncomeonDerivatives
Foreigncurrencyforwardexchangecontracts Other,net $ (5)
Totalreturnswap Operatingexpenses $ (1)
(a) Theamountsofgainsorlossesrecognizedinincomerelatedtotheineffectiveportionofthehedgingrelationshipsandtotheamount
excludedfromtheassessmentofhedgeeffectivenesswereimmaterialforthefiscalyearendedJuly1,2016.
(Dollarsinmillions)
DerivativesDesignatedasCashFlow
Hedges
Amountof
Gainor
(Loss)
Recognized
inOCIon
Derivatives
(Effective
Portion)
LocationofGain
or(Loss)
Reclassified
from
Accumulated
OCIinto
Income
(Effective
Portion)
Amountof
Gainor(Loss)
Reclassified
from
Accumulated
OCIinto
Income
(Effective
Portion)
LocationofGain
or(Loss)
Recognizedin
Incomeon
Derivatives
(Ineffective
Portionand
AmountExcluded
from
Effectiveness
Testing)
Amountof
Gain
or(Loss)
Recognizedin
Income
(Ineffective
Portionand
Amount
Excludedfrom
Effectiveness
Testing)(a)
Foreigncurrencyforwardexchange
contracts $ (11)
Costof
revenue $ (13) Costofrevenue $ 1
DerivativesNotDesignatedasHedgingInstruments
LocationofGainor
(Loss)Recognizedin
IncomeonDerivatives
AmountofGainor
(Loss)Recognizedin
IncomeonDerivatives
Foreigncurrencyforwardexchangecontracts Other,net $ (4)
Totalreturnswap Operatingexpenses $ —
(a) Theamountsofgainsorlossesrecognizedinincomerelatedtotheineffectiveportionofthehedgingrelationshipswereimmaterialforthe
fiscalyearendedJuly3,2015.Theamountofgainsrecognizedinincomerelatedtotheamountexcludedfromtheassessmentofhedge
effectivenesswas$1millionforthefiscalyearendedJuly3,2015.