Seagate 2003 Annual Report Download - page 75

Download and view the complete annual report

Please find page 75 of the 2003 Seagate annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 123

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123

Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Accounts Receivable
Activity in the allowance for doubtful accounts is as follows:
Inventories
July 2,
2004
June 27,
2003
(in millions)
Accounts Receivable:
Accounts receivable
$
720
$
643
Allowance for non
-
collection
(30
)
(32
)
$
690
$
611
Balance
at
Beginning
of Period
Additions
Charged
to Costs
and
Expenses
Deductions(1)
Balance
at End
of
Period
(in millions)
Seagate Technology
Fiscal year ended July 2, 2004
$
32
$
—
$
(
2
)
$
30
Fiscal year ended June 27, 2003
$
29
$
5
$
2
$
32
Fiscal year ended June 28, 2002
$
92
$
25
$
88
$
29
(1)
Uncollectible accounts written off, net of recoveries.
Inventories are summarized below:
Property, equipment and leasehold improvements
July 2,
2004
June 27,
2003
(in millions)
Inventories:
Components
$
91
$
71
Work
-
in
-
process
39
38
Finished goods
319
210
$
449
$
319
Property, equipment and leasehold improvements consisted of the following:
74
Useful Life in
Years
July 2,
2004
June 27,
2003
(in millions)
Land
$
23
$
20
Equipment
3
–
4
1,874
1,480
Building and leasehold improvements
Life of lease
–
30
360
330
Construction in progress
283
136
2,540
1,966
Less accumulated depreciation and amortization
(1,239
)
(855
)
$
1,301
$
1,111