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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
18. Condensed Consolidating Financial Information (Continued)
Consolidating Balance Sheet
July 3, 2009
(In millions)
140
Seagate
Technology
Parent
Company
Guarantor
STUS
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
Cash and cash equivalents
$
18
$
180
$
1,229
$
—
$
1,427
Short
-
term investments
—
—
114
—
114
Restricted cash and investments
—
—
508
—
508
Accounts receivable, net
—
—
1,033
—
1,033
Intercompany receivable
—
1
2
(3
)
—
Inventories
—
—
587
—
587
Other current assets
—
114
508
—
622
Total Current Assets
18
295
3,981
(3
)
4,291
Property, equipment and leasehold improvements, net
—
1
2,228
—
2,229
Goodwill
—
—
31
—
31
Other intangible assets, net
—
—
42
—
42
Equity investments in Non
-
Guarantors
4,784
—
—
(
4,784
)
—
Intercompany note receivable
—
—
3,277
(3,277
)
—
Other assets, net
—
366
128
—
494
Total Assets
$
4,802
$
662
$
9,687
$
(8,064
)
$
7,087
Short
-
term borrowings
$
—
$
—
$
350
$
—
$
350
Accounts payable
—
—
1,573
—
1,573
Intercompany payable
—
2
1
(3
)
—
Accrued employee compensation
—
3
141
—
144
Accrued expenses
1
27
668
—
696
Accrued income taxes
—
10
—
—
10
Current portion of long
-
term debt
—
121
300
—
421
Total Current Liabilities
1
163
3,033
(3
)
3,194
Other liabilities
—
56
288
—
344
Intercompany note payable
3,277
—
—
(
3,277
)
—
Long
-
term accrued income taxes
—
31
38
—
69
Long
-
term debt, less current portion
—
348
1,608
—
1,956
Liability for deficit of STUS
—
—
57
(57
)
—
Liability for deficit of Non
-
Guarantors
—
121
—
(
121
)
—
Total Liabilities
3,278
719
5,024
(3,458
)
5,563
Shareholders' Equity (Deficit)
1,524
(57
)
4,663
(4,606
)
1,524
Total Liabilities and Shareholders' Equity (Deficit)
$
4,802
$
662
$
9,687
$
(8,064
)
$
7,087