Seagate 2008 Annual Report Download - page 87
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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
1. Summary of Significant Accounting Policies (Continued)
Earlier application by an entity that has previously adopted an alternative accounting policy is not permitted. The Company is currently
evaluating the impact of the pending adoption of EITF No. 07-
5 on its fiscal year 2010 consolidated results of operations and financial condition.
2. Balance Sheet Information
Investments
The following is a summary of the fair value of available-for-sale securities at July 3, 2009:
At July 3, 2009, with the exception of the Company's auction rate securities, the Company had no marketable securities that had been in a
continuous unrealized loss position for a period greater than 12 months and determined no investments were other-than-temporarily impaired
(see Note 8).
85
(Dollars in millions)
Amortized
Cost
Unrealized
Gain/
(Loss)
Fair
Value
U.S. treasuries and agency bonds
$
52
$
1
$
53
Corporate bonds
16
—
16
Municipal bonds
14
—
14
Auction rate securities
21
(3
)
18
Commercial paper
348
—
348
Certificates of deposit
50
—
50
Money market funds
914
—
914
Total
$
1,415
$
(2
)
$
1,413
Included in cash and cash equivalents
$
1,281
Included in short term investments
114
Included in long term investments
18
$
1,413