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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
—
(
Continued)
Consolidating Balance Sheet
June 27, 2008
(In millions)
128
Seagate
Technology
Parent
Company
Guarantor
Maxtor
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
Cash and cash equivalents
$
3
$
1
$
986
$
—
$
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
182
4,268
(181
)
4,272
Property, equipment and leasehold improvements, net
—
4
2,460
—
2,464
Goodwill
—
—
2,352
—
2,352
Other intangible assets, net
—
—
111
—
111
Equity investments in Non
-
Guarantors
7,767
294
6,089
(14,150
)
—
Intercompany note receivable
—
—
3,835
(3,835
)
—
Other assets, net
—
298
623
—
921
Total Assets
$
7,770
$
778
$
19,738
$
(18,166
)
$
10,120
Accounts payable
$
—
$
—
$
1,652
$
—
$
1,652
Intercompany payable
—
—
181
(181
)
—
Accrued employee compensation
—
—
440
—
440
Accrued expenses
1
29
795
—
825
Accrued income taxes
—
6
4
—
10
Current portion of long
-
term debt
—
330
30
—
360
Total Current Liabilities
1
365
3,102
(181
)
3,287
Other liabilities
—
183
394
—
577
Intercompany note payable
3,183
652
—
(
3,835
)
—
Long
-
term debt, less current portion
—
173
1,497
—
1,670
Liability for deficit of Maxtor
—
—
595
(595
)
—
Total Liabilities
3,184
1,373
5,588
(4,611
)
5,534
Shareholders
’
Equity (Deficit)
4,586
(595
)
14,150
(13,555
)
4,586
Total Liabilities and Shareholders
’
Equity
$
7,770
$
778
$
19,738
$
(18,166
)
$
10,120