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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
—
(
Continued)
Consolidating Balance Sheet
June 27, 2008
(In millions)
119
Seagate
Technology
Parent
Company
Guarantor
HDD
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
Cash and cash equivalents
$
3
$
—
$
987
$
—
$
990
Short
-
term investments
—
—
151
—
151
Accounts receivable, net
—
—
1,410
—
1,410
Intercompany receivable
—
—
181
(181
)
—
Inventories
—
—
945
—
945
Other current assets
—
—
776
—
776
Total Current Assets
3
—
4,450
(181
)
4,272
Property, equipment and leasehold improvements, net
—
—
2,464
—
2,464
Goodwill
—
—
2,352
—
2,352
Other intangible assets, net
—
—
111
—
111
Equity investment in HDD
7,767
—
—
(
7,767
)
—
Equity investments in Non
-
Guarantors
—
6,089
294
(6,383
)
—
Intercompany note receivable
—
3,183
652
(3,835
)
—
Other assets, net
—
14
907
—
921
Total Assets
$
7,770
$
9,286
$
11,230
$
(18,166
)
$
10,120
Accounts payable
$
—
$
—
$
1,652
$
—
$
1,652
Intercompany payable
—
181
(181
)
—
Accrued employee compensation
—
—
440
—
440
Accrued expenses
1
22
802
—
825
Accrued income taxes
—
—
10
—
10
Current portion of long
-
term debt
—
—
360
—
360
Total Current Liabilities
1
22
3,445
(181
)
3,287
Other liabilities
—
—
577
—
577
Intercompany note payable
3,183
—
652
(3,835
)
—
Long
-
term debt, less current portion
—
1,497
173
—
1,670
Liability for deficit of Maxtor
—
—
595
(595
)
—
Total Liabilities
3,184
1,519
5,442
(4,611
)
5,534
Shareholders
’
Equity
4,586
7,767
5,788
(13,555
)
4,586
Total Liabilities and Shareholders
’
Equity
$
7,770
$
9,286
$
11,230
$
(18,166
)
$
10,120