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CONSOLIDATED BALANCE SHEETS

FAIRCHILD SEMICONDUCTOR INTERNATIONAL, INC. AND SUBSIDIARIES

(In millions, except share data)		December 26, 1999				May 30, 1999
Assets
Current assets: —Cash and cash equivalents			$138.7			$62.4
—Accounts receivable, net of allowances of $13.7 and $9.2 ——at December 26, 1999 and May 30, 1999, respectively			140.3			129.7
—Inventories			166.3			148.6
—Other current assets			13.7			65.7
———Total current assets			459.0			406.4
Property, plant and equipment, net			375.8			360.2
Deferred income taxes, net			3.8			2.8
Intangible assets, net of accumulated amortization of $29.4 and $9.9 —at December 26, 1999 and May 30, 1999, respectively			261.4			278.5
Other assets			37.6			47.8
———Total assets			$1,137.6			$1,095.7
Liabilities and Stockholders’ Equity (Deficit)
Current liabilities: —Current portion of long-term debt			$1.4			$14.1
—Accounts payable			109.3			99.6
—Accrued expenses and other current liabilities			96.0			85.0
———Total current liabilities			206.7			198.7
Long-term debt, less current portion			717.2			1,045.9
Other liabilities			0.5			1.4
———Total liabilities			924.4			1,246.0
Redeemable preferred stock—12% Series A Cumulative Compounding —Preferred Stock, $.01 par value, $1,000 stated value; 70,000 shares —authorized, issued and outstanding at May 30, 1999			—			90.1
Commitments and contingencies
Stockholders’ equity (deficit): —Class A Common Stock, $.01 par value, voting; 110,000,000 shares ——authorized, 60,393,769 and 29,591,440 shares issued and ——outstanding at December 26, 1999 and May 30, 1999, respectively			0.6			0.3
—Class B Common Stock, $.01 par value, nonvoting; ——110,000,000 shares authorized, 28,396,000 and 33,376,000 shares ——issued and outstanding at December 26, 1999 and May 30, 1999, respectively			0.3			0.3
—Additional paid-in capital			449.5			9.6
—Accumulated deficit			(231.3	)		(250.6	)
—Less treasury stock (at cost)			(5.9	)		—
———Total stockholders’ equity (deficit)			213.2			(240.4	)
———Total liabilities and stockholders’ equity (deficit)			$1,137.6			$1,095.7

See accompanying notes to consolidated financial statements.

Selected Financial Data | MD&A | Balance Sheets | Statements of Operations
Statements of Cash Flows | Statements of Stockholders’ Equity | Notes
Auditors’ Report | Market for Common Equity and Related Stockholder Matters