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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Consolidating Balance Sheet
June 29, 2007
112
Seagate
Technology
Parent
Maxtor
Combined
Seagate
Company
Subsidiary
Non
-
Technology
Guarantor
Issuer
Guarantors
Eliminations
Consolidated
(In millions)
Cash and cash equivalents
$
4
$
3
$
981
$
—
$
988
Short
-
term investments
—
—
156
—
156
Accounts receivable, net
—
—
1,401
(18
)
1,383
Intercompany receivable
—
—
30
(30
)
—
Inventories
—
3
791
—
794
Other current assets
—
74
406
—
480
Total Current Assets
4
80
3,765
(48
)
3,801
Property, equipment and leasehold improvements, net
—
17
2,261
—
2,278
Goodwill
—
—
2,300
—
2,300
Other intangible assets, net
—
—
188
—
188
Equity investments in Non
-
Guarantors
6,401
292
6,244
(12,937
)
—
Intercompany note receivable
—
—
2,202
(2,202
)
—
Other assets, net
—
308
597
—
905
Total Assets
$
6,405
$
697
$
17,557
$
(15,187
)
$
9,472
Accounts payable
$
—
$
18
$
1,301
$
(18
)
$
1,301
Intercompany payable
6
24
—
(
30
)
—
Accrued employee compensation
—
—
157
—
157
Accrued expenses
1
58
727
—
786
Accrued income taxes
—
14
61
—
75
Current portion of long
-
term debt
—
330
—
—
330
Total Current Liabilities
7
444
2,246
(48
)
2,649
Other liabilities
—
79
274
—
353
Intercompany note payable
1,661
541
—
(
2,202
)
—
Long
-
term debt, less current portion
—
176
1,557
—
1,733
Liability for deficit of Maxtor
—
—
543
(543
)
—
Total Liabilities
1,668
1,240
4,620
(2,793
)
4,735
Shareholders
’
Equity (Deficit)
4,737
(543
)
12,937
(12,394
)
4,737
Total Liabilities and Shareholders
’
Equity
$
6,405
$
697
$
17,557
$
(15,187
)
$
9,472