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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Consolidating Balance Sheet
June 30, 2006
113
Seagate
Technology
Parent
Maxtor
Combined
Seagate
Company
Subsidiary
Non
-
Technology
Guarantor
Issuer
Guarantors
Eliminations
Consolidated
(In millions)
Cash and cash equivalents
$
—
$
29
$
881
$
—
$
910
Short
-
term investments
—
—
823
—
823
Accounts receivable, net
—
72
1,373
—
1,445
Intercompany receivable
—
—
115
(115
)
—
Intercompany loan receivable
—
—
464
(464
)
—
Inventories
—
91
800
—
891
Other current assets
—
59
205
—
264
Total Current Assets
—
251
4,661
(579
)
4,333
Property, equipment and leasehold improvements,
net
—
63
2,043
—
2,106
Goodwill
—
873
1,602
—
2,475
Other intangible assets, net
—
95
212
—
307
Equity investment in Maxtor
2,023
—
—
(
2,023
)
—
Equity investments in Non
-
Guarantors
3,331
2,101
4,101
(9,533
)
—
Intercompany note receivable
—
—
911
(911
)
—
Other assets, net
—
30
293
—
323
Total Assets
$
5,354
$
3,413
$
13,823
$
(13,046
)
$
9,544
Accounts payable
$
—
$
65
$
1,627
$
—
$
1,692
Intercompany payable
1
114
—
(
115
)
—
Accrued employee compensation
—
58
327
—
385
Accrued expenses
1
137
720
—
858
Accrued income taxes
—
15
57
—
72
Intercompany loan payable
140
324
—
(
464
)
—
Current portion of long
-
term debt
—
330
—
—
330
Total Current Liabilities
142
1,043
2,731
(579
)
3,337
Other liabilities
—
91
264
—
355
Intercompany note payable
—
76
835
(911
)
—
Long
-
term debt, less current portion
—
180
460
—
640
Total Liabilities
142
1,390
4,290
(1,490
)
4,332
Shareholders
’
Equity
5,212
2,023
9,533
(11,556
)
5,212
Total Liabilities and Shareholders
’
Equity
$
5,354
$
3,413
$
13,823
$
(13,046
)
$
9,544