WESTERN DIGITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (Continued)
Level 3.
Inputs that are unobservable for the asset or liability and that are significant to the fair value of the
assets or liabilities.
The following table presents information about the Company's financial assets and liabilities that are measured at
fair value on a recurring basis as of June 29, 2012, and indicates the fair value hierarchy of the valuation techniques
utilized to determine such value (in millions):
Fair Value Measurements at
Reporting Date Using
Quoted Prices
in Active
Markets for
Identical
Instruments
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Assets:
Cash equivalents
Money market funds . . . . . . . . . . . . . . . . . . . . . . .
$721
$ --
$--
$721
U.S. Treasury securities . . . . . . . . . . . . . . . . . . . . .
--
61
--
61
U.S. Government agency securities . . . . . . . . . . . .
--
62
--
62
Total cash equivalents . . . . . . . . . . . . . . . . . . . .
721
123
--
844
Foreign exchange contracts . . . . . . . . . . . . . . . . . . . . .
--
1
--
1
Auction-rate securities . . . . . . . . . . . . . . . . . . . . . . . .
--
--
14
14
Total assets at fair value . . . . . . . . . . . . . . . . . . .
$721
$124
$14
$859
Liabilities:
Foreign exchange contracts . . . . . . . . . . . . . . . . . . . . .
$ --
$ 22
$--
$ 22
Total liabilities at fair value . . . . . . . . . . . . . . . .
$ --
$ 22
$--
$ 22
79