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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Consolidating Balance Sheet
July 1, 2005
(in millions)
96
Seagate
Technology
Parent
Company
Guarantor
HDD
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
Cash and cash equivalents
$
9
$
—
$
737
$
—
$
746
Short
-
term investments
—
—
1,090
—
1,090
Accounts receivable, net
—
—
1,094
—
1,094
Inventories
—
—
431
—
431
Intercompany loan receivable
—
224
—
(
224
)
—
Other current assets
—
—
141
—
141
Total Current Assets
9
224
3,493
(224
)
3,502
Property, equipment and leasehold improvements, net
—
—
1,529
—
1,529
Equity investment in HDD
2,536
—
—
(
2,536
)
—
Equity investments in Non
-
Guarantors
—
2,952
—
(
2,952
)
—
Other assets
—
7
206
—
213
Total Assets
$
2,545
$
3,183
$
5,228
$
(5,712
)
$
5,244
Accounts payable
$
—
$
—
$
1,108
$
—
$
1,108
Accrued employee compensation
—
—
266
—
266
Accrued expenses
—
4
352
—
356
Accrued income taxes
—
—
46
—
46
Intercompany loan payable
—
—
224
(224
)
—
Current portion of long
-
term debt
—
3
1
—
4
Total Current Liabilities
—
7
1,997
(224
)
1,780
Other liabilities
4
—
183
—
187
Long
-
term debt, less current portion
—
640
96
—
736
Total Liabilities
4
647
2,276
(224
)
2,703
Shareholders
’
Equity
2,541
2,536
2,952
(5,488
)
2,541
Total Liabilities and Shareholders
’
Equity
$
2,545
$
3,183
$
5,228
$
(5,712
)
$
5,244