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WESTERN DIGITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The impact on the consolidated financial statements was as follows (in millions):
Derivatives in Cash
Flow Hedging Relationships
Amount of Gain (Loss)
Recognized in
Accumulated
Other Comprehensive
Income on Derivatives
Location of Gain (Loss)
Reclassified from
Accumulated
Other Comprehensive
Income into Income
Amount of Gain (Loss)
Reclassified from
Accumulated
Other Comprehensive
Income into Income
2015 2014 2015 2014
Foreign exchange contracts ..............$(74) $13 Cost of revenue $(44) $(38)
The total net realized transaction and foreign exchange contract currency gains and losses were not material to
the consolidated financial statements during 2015, 2014 and 2013. See Notes 1 and 10 above for additional dis-
closures related to the Company’s foreign exchange contracts.
Note 13. Goodwill and Other Intangible Assets
The following table summarizes the activity related to the carrying amount of goodwill:
Carrying Amount
Balance as of June 28, 2013 .............................................. $1,954
Goodwill recorded in connection with acquisitions .............................. 605
Balance as of June 27, 2014 .............................................. $2,559
Goodwill recorded in connection with acquisitions .............................. 207
Balance as of July 3, 2015 ................................................ $2,766
Intangible assets as of July 3, 2015 were as follows:
Weighted Average
Amortization Period
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
(in years) (in millions) (in millions) (in millions)
Existing technology ............... 5 $ 638 $471 $167
Customer relationships ............. 4 152 126 26
Other .......................... 3 74 68 6
Leasehold interests ................ 31 39 11 28
In-process research and development . . — 105 — 105
Total .......................... $1,008 $676 $332
Intangible assets as of June 27, 2014 were as follows:
Weighted Average
Amortization Period
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
(in years) (in millions) (in millions) (in millions)
Existing technology ............... 5 $566 $368 $198
Customer relationships ............. 4 148 97 51
Other .......................... 3 73 55 18
Leasehold interests ................ 32 43 10 33
In-process research and development . . — 154 — 154
Total .......................... $984 $530 $454
85