Seagate 2002 Annual Report Download - page 105

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SEAGATE TECHNOLOGY AND ITS PREDECESSOR
NOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS—(CONTINUED)
Consolidating Balance Sheet
June 28, 2002
(in millions)
98
Seagate
Technology
Parent
Company
Guarantor
HDD
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
Cash and cash equivalents
$
—
$
46
$
566
$
—
$
612
Short
-
term investments
—
—
231
—
231
Accounts receivable, net
—
—
614
—
614
Intercompany receivable
—
3
14
(17
)
—
Inventories
—
—
347
—
347
Other current assets
—
—
158
—
158
Total Current Assets
—
49
1,930
(17
)
1,962
Property, equipment and leasehold improvements, net
—
—
1,022
—
1,022
Equity investment in HDD
632
—
—
(
632
)
—
Equity investments in Non
-
Guarantors
9
1,067
—
(
1,076
)
—
Intercompany loan receivable
—
305
—
(
305
)
—
Other assets
—
14
97
—
111
Total Assets
$
641
$
1,435
$
3,049
$
(2,030
)
$
3,095
Accounts payable
$
—
$
—
$
743
$
—
$
743
Affiliate accounts payable
—
—
12
—
12
Intercompany payable
—
1
16
(17
)
—
Accrued employee compensation
—
—
190
—
190
Deferred compensation
—
146
1
—
147
Accrued expenses
—
6
333
—
339
Accrued income taxes
—
—
170
—
170
Current portion of long
-
term debt
—
1
1
—
2
Total Current Liabilities
—
154
1,466
(17
)
1,603
Other liabilities
—
—
102
—
102
Intercompany loan payable
—
—
305
(305
)
—
Long
-
term debt, less current portion
—
649
100
—
749
Total Liabilities
—
803
1,973
(322
)
2,454
Shareholders
’
Equity
641
632
1,076
(1,708
)
641
Total Liabilities and Shareholders
’
Equity
$
641
$
1,435
$
3,049
$
(2,030
)
$
3,095