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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
18. Condensed Consolidating Financial Information (Continued)
Consolidating Balance Sheet
June 27, 2008
(In millions)
141
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 (Deficit)
$
7,770
$
778
$
19,738
$
(18,166
)
$
10,120