Memorex 2011 Annual Report Download - page 59

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Note 5 — Supplemental Balance Sheet Information
As of December 31,
2011 2010
(In millions)
Inventories
Finished goods ....................................................... $186.7 $ 175.0
Work in process ...................................................... 13.5 10.6
Raw materials and supplies ............................................. 8.6 17.7
Total inventories .................................................... $208.8 $ 203.3
Other Current Assets
Deferred income taxes ................................................. $ 6.1 $ 9.1
Restricted cash (Note 2) ................................................ 2.2 17.9
Assets held for sale (Note 7) ............................................. 3.3 7.2
Taxes receivable ..................................................... 1.5 2.0
Other .............................................................. 36.6 38.0
Total other current assets ............................................. $ 49.7 $ 74.2
Property, Plant and Equipment
Land .............................................................. $ 1.2 $ 1.4
Buildings and leasehold improvements ..................................... 92.6 122.2
Machinery and equipment ............................................... 146.1 223.6
Construction in progress ................................................ 1.5 2.1
Total ............................................................ $241.4 $ 349.3
Less accumulated depreciation and leasehold amortization ...................... (186.0) (282.4)
Property, plant and equipment, net ...................................... $ 55.4 $ 66.9
Other Assets
Deferred income taxes ................................................. $ 15.8 $ 12.2
Other .............................................................. 8.6 10.3
Total other assets ................................................... $ 24.4 $ 22.5
Other Current Liabilities
Rebates ............................................................ $ 45.2 $ 53.4
Levies ............................................................. 19.7 23.6
Accrued payroll ....................................................... 13.2 15.6
Litigation settlement — current ........................................... 18.0 10.6
Employee separation costs .............................................. 5.9 10.5
Value added tax ...................................................... 1.9 10.5
Deferred income taxes ................................................. 0.7 —
Other .............................................................. 46.6 48.1
Total other current liabilities ........................................... $151.2 $ 172.3
Other Liabilities
Pension ............................................................ $ 29.3 $ 27.0
Litigation settlement — long-term ......................................... — 15.1
Deferred income taxes ................................................. 0.1 3.4
Uncertain tax positions ................................................. 17.6 17.5
Other .............................................................. 22.2 14.8
Total other liabilities ................................................. $ 69.2 $ 77.8
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