NATIONAL SEMICONDUCTOR CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions) May 31, May 25, 2009 2008 ---- ---- ASSETS Current assets: Cash and cash equivalents $700.3 $736.8 Receivables, net 71.7 137.3 Inventories 134.6 148.6 Deferred tax assets 82.2 82.9 Other current assets 108.0 66.0 ----- ---- Total current assets 1,096.8 1,171.6 Net property, plant and equipment 461.8 557.3 Goodwill 61.5 60.5 Deferred tax assets 241.9 247.5 Other assets 101.3 112.2 ----- ----- Total assets $1,963.3 $2,149.1 ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debt $62.5 $62.5 Accounts payable 40.3 53.5 Accrued expenses 144.6 180.3 Income taxes payable 28.2 12.3 ---- ---- Total current liabilities 275.6 308.6 Long-term debt 1,227.4 1,414.8 Long-term income taxes payable 162.6 143.4 Other non-current liabilities 120.7 85.4 ----- ---- Total liabilities 1,786.3 1,952.2 ------- ------- Commitments and contingencies Shareholders' equity: Common stock of $0.50 par value 116.3 116.3 Additional paid-in-capital 67.6 - Retained earnings 116.8 167.4 Accumulated other comprehensive loss (123.7) (86.8) ------ ----- Total shareholders' equity 177.0 196.9 ----- ----- Total liabilities and shareholders' equity $1,963.3 $2,149.1 ======== ========