Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statement and balance sheet of Seagate Technology for fiscal 2019. SEGATE TECHNOLOGY PLC Consolidated Statement of Income For Year Ended June 28, 2019, $ millions Revenue Cost of revenue Product development Marketing and administrative Amortization of intangibles Restructuring and other, net Total operating expenses Income from operations Interest income Interest expense Other, net Other expense, net Income before income taxes (Benefit) provision for income taxes Net income $7,481 5,370 714 326 17 (16) 6,411 1,070 60 (161) 18 (83) 987 (461) $1,448

Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statement and balance sheet of Seagate Technology for fiscal 2019. Shareholders' equity Ordinary shares - par value $0.0001,2.6 billion shares authorized, 1,340,697,595 and 1,354,218,154 shares issued and outstanding, respectively Additional paid-in capital 0 Accumulated other comprehensive loss 4,721 Accumulated deficit (34) Total shareholders' equity Total liabilities and shareholders' equity (3,131) 1,556 Forecast Seagate Technology's 2020 income statement using the following forecast assumptions, which are expre Assumptions Revenue growth Cost of revenue Product development 6,397 Marketing and administrative Amortization of intangibles Restructuring and other, net Interest income Interest expense Other, net Income tax rate 5.00% growth 71.80% of revenue 9.50% of revenue 4.40% of revenue No change \$0 million No change No change No change 21.00% Note: Format cells so each amount shows two decimal places. Do not round amounts- use Increase Decimal or Decrease Decim Forecast Seagate Technology's 2020 balance sheet using the following forecast assumptions, which are expressed as a percentage chmwa twn derimal olaces. Do not round amounts - use Increase Decimal or Decrease Decimal in Excel Current liabilities Accounts payable Accrued employee compensation Accrued warranty Accrued expenses Total current liabilities Long-term accrued warranty Long-term accrued income taxes. Other noncurrent liabilities Long-term debt, less current portion Total liabilities Shareholders' equity Ordinary shares - par value $0.0001,2.6 billion shares authorized, 1,340,697,595 and 1,354,218,154 shares issued and outstanding, respectively Additional paid-in capital Accumulated other comprehensive loss Accumulated deficit Total shareholders' equity Total liabilities and shareholders' equity