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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Consolidating Balance Sheet
June 29, 2007
103
Seagate
Technology
Parent
HDD
Combined
Seagate
Company
Subsidiary
Non
-
Technology
Guarantor
Issuer
Guarantors
Eliminations
Consolidated
(In millions)
Cash and cash equivalents
$
4
$
—
$
984
$
—
$
988
Short
-
term investments
—
—
156
—
156
Accounts receivable, net
—
—
1,401
(18
)
1,383
Intercompany receivable
—
—
30
(30
)
—
Inventories
—
—
794
—
794
Other current assets
—
—
480
—
480
Total Current Assets
4
—
3,845
(48
)
3,801
Property, equipment and leasehold improvements, net
—
—
2,278
—
2,278
Goodwill
—
—
2,300
—
2,300
Other intangible assets, net
—
—
188
—
188
Equity investment in HDD
6,401
—
—
(
6,401
)
—
Equity investments in Non
-
Guarantors
—
6,244
292
(6,536
)
—
Intercompany note receivable
—
1,661
541
(2,202
)
—
Other assets, net
—
17
888
—
905
Total Assets
$
6,405
$
7,922
$
10,332
$
(15,187
)
$
9,472
Accounts payable
$
—
$
—
$
1,319
$
(18
)
$
1,301
Intercompany payable
6
—
24
(30
)
—
Accrued employee compensation
—
—
157
—
157
Accrued expenses
1
25
760
—
786
Accrued income taxes
—
—
75
—
75
Current portion of long
-
term debt
—
—
330
—
330
Total Current Liabilities
7
25
2,665
(48
)
2,649
Other liabilities
—
—
353
—
353
Intercompany note payable
1,661
—
541
(2,202
)
—
Long
-
term debt, less current portion
—
1,496
237
—
1,733
Liability for deficit of Maxtor
—
—
543
(543
)
—
Total Liabilities
1,668
1,521
4,339
(2,793
)
4,735
Shareholders
’
Equity
4,737
6,401
5,993
(12,394
)
4,737
Total Liabilities and Shareholders
’
Equity
$
6,405
$
7,922
$
10,332
$
(15,187
)
$
9,472