Seagate 2003 Annual Report Download - page 22

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Table of Contents
Year Ended July 2, 2004
Includes a $125 million income tax benefit from the reversal of accrued income taxes relating to tax indemnification amounts and a $59
million restructuring charge.
Year Ended June 27, 2003
Includes a $10 million write-down in our investment in a private company and a $9 million net restructuring charge.
Year Ended June 28, 2002
Includes a $179 million charge to record $32 million paid to participants in our deferred compensation plan and $147 million to accrue
the remaining obligations under the plan, $93 million in debt refinancing charges, and a $4 million net restructuring charge.
Period Ended June 29, 2001
Includes a $66 million net restructuring charge and a $52 million write-off of in-
process research and development incurred in connection
with the November 2000 transactions.
Period Ended November 22, 2000
Includes $567 million of non-cash compensation expense related to the November 2000 transactions and losses recognized on
investments in Lernout & Hauspie Speech Products N.V. and Gadzoox Networks, Inc., losses on the sale of marketable securities of $138
million, $8 million and $8 million, respectively, partially offset by gains on the sale of Veeco Instruments, Inc. stock of $20 million, and $19
million in restructuring charges.
Year Ended June 30, 2000
Includes a $206 million net restructuring charge, a $105 million write-off of in-process research and development incurred in connection
with the acquisition of XIOtech, a $64 million charge related to the settlement of litigation, $43 million of non-cash compensation expense and
payroll taxes related to the reorganization of Seagate Software Holdings, Inc., and a $26 million charge related to employee separations.
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