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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Consolidating Balance Sheet
June 30, 2006
104
Seagate
Technology
Parent
HDD
Combined
Seagate
Company
Subsidiary
Non
-
Technology
Guarantor
Issuer
Guarantors
Eliminations
Consolidated
(In millions)
Cash and cash equivalents
$
—
$
1
$
909
$
—
$
910
Short
-
term investments
—
—
823
—
823
Accounts receivable, net
—
—
1,445
—
1,445
Intercompany receivable
—
—
115
(115
)
—
Intercompany loan receivable
—
464
—
(
464
)
—
Inventories
—
—
891
—
891
Other current assets
—
—
264
—
264
Total Current Assets
—
465
4,447
(579
)
4,333
Property, equipment and leasehold improvements,
net
—
—
2,106
—
2,106
Goodwill
—
—
2,475
—
2,475
Other intangible assets, net
—
—
307
—
307
Equity investment in HDD
3,331
—
—
(
3,331
)
—
Equity investments in Non
-
Guarantors
2,023
4,101
2,101
(8,225
)
—
Intercompany note receivable
—
—
911
(911
)
—
Other assets, net
—
4
319
—
323
Total Assets
$
5,354
$
4,570
$
12,666
$
(13,046
)
$
9,544
Accounts payable
$
—
$
—
$
1,692
$
—
$
1,692
Intercompany payable
1
—
114
(115
)
—
Accrued employee compensation
—
—
385
—
385
Accrued expenses
1
4
853
—
858
Accrued income taxes
—
—
72
—
72
Intercompany loan payable
140
—
324
(464
)
—
Current portion of long
-
term debt
—
—
330
—
330
Total Current Liabilities
142
4
3,770
(579
)
3,337
Other liabilities
—
—
355
—
355
Intercompany note payable
—
835
76
(911
)
—
Long
-
term debt, less current portion
—
400
240
—
640
Total Liabilities
142
1,239
4,441
(1,490
)
4,332
Shareholders
’
Equity
5,212
3,331
8,225
(11,556
)
5,212
Total Liabilities and Shareholders
’
Equity
$
5,354
$
4,570
$
12,666
$
(13,046
)
$
9,544