Seagate 2008 Annual Report Download - page 108
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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
7. Derivative Financial Instruments (Continued)
As of July 3, 2009, the total notional value of the Company's outstanding foreign currency forward exchange contracts was:
The following table shows the Company's derivative instruments measured at gross fair value as reflected in the Consolidated Balance
Sheet as of July 3, 2009:
Fair Values of Derivative Instruments
106
(Dollars in millions)
Contracts Qualifying as Hedges
Under Statement 133
Contracts Not Qualifying as Hedges
Under Statement 133
Thai baht
$
104
$
64
Singapore dollars
24
3
Czech koruna
—
8
$
128
$
75
Asset Derivatives Liability Derivatives
(Dollars in millions)
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Derivatives designated as hedging instruments under Statement 133:
Foreign currency forward exchange contracts
Other current assets
$
1
Accrued expenses
$
—
Derivatives not designated as hedging instruments under Statement 133
Foreign currency forward exchange contracts
Other current assets
$
—
Accrued expenses
$
—
Total return swap
Other current liabilities
—
Accrued expenses
$
(1
)
Total derivatives
$
1
$
(1
)