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Seagate Technology PLC's annual construction in progress increased from Jun. 2013 ($261 Mil) to Jun. 2014 ($323 Mil) and increased from Jun. 2014 ($323 Mil) to Jun. 2015 ($547 Mil).
It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.
Seagate Technology PLC Annual Data
Seagate Technology PLC Quarterly Data