0000866374
2008-04-01
2009-03-31
0000866374
2008-09-26
0000866374
2008-03-31
0000866374
2009-07-04
2009-10-02
0000866374
2008-06-28
2008-09-26
0000866374
2009-10-02
0000866374
2009-03-31
0000866374
2008-04-01
2008-09-26
0000866374
2009-10-29
0000866374
2009-04-01
2009-10-02
iso4217:USD
xbrli:shares
xbrli:shares
iso4217:USD
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<div align="left">
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt"><b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>1. ORGANIZATION OF THE COMPANY</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Flextronics International Ltd. (“Flextronics” or the “Company”) was incorporated in the
Republic of Singapore in May 1990. The Company is a leading provider of advanced design and
electronics manufacturing services (“EMS”) to original equipment manufacturers (“OEMs”) of a broad
range of products in the following markets: infrastructure; mobile communication devices;
computing; consumer digital devices; industrial, semiconductor and white goods; automotive, marine
and aerospace; and medical devices. The Company’s strategy is to provide customers with a full
range of cost competitive, vertically-integrated global supply chain services through which the
Company designs, builds, ships and services a complete packaged product for its OEM customers. OEM
customers leverage the Company’s services to meet their product requirements throughout the entire
product life cycle.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company’s service offerings include rigid printed circuit board and flexible circuit
fabrication, systems assembly and manufacturing (including enclosures, testing services, materials
procurement and inventory management), logistics, after-sales services (including product repair,
re-manufacturing and maintenance) and multiple component product offerings. Additionally, the
Company provides market-specific design and engineering services ranging from contract design
services (“CDM”), where the customer purchases services on a time and materials basis, to original
product design and manufacturing services, where the customer purchases a product that was
designed, developed and manufactured by the Company (commonly referred to as original design
manufacturing, or “ODM”). ODM products are then sold by the Company’s OEM customers under the OEMs’
brand names. The Company’s CDM and ODM services include user interface and industrial design,
mechanical engineering and tooling design, electronic system design and printed circuit board
design.
</div>
</div>
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<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>2. SUMMARY OF ACCOUNTING POLICIES</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Basis of Presentation and Principles of Consolidation</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in
accordance with accounting principles generally accepted in the United States of America (“U.S.
GAAP” or “GAAP”) for interim financial information and in accordance with the requirements of Rule
10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes
required by U.S. GAAP for complete financial statements, and should be read in conjunction with the
Company’s audited consolidated financial statements as of and for the fiscal year ended March 31,
2009 contained in the Company’s Annual Report on Form 10-K. In the opinion of management, all
adjustments (consisting only of normal recurring adjustments) considered necessary for a fair
presentation have been included. Operating results for the three-month and six-month periods ended
October 2, 2009 are not necessarily indicative of the results that may be expected for the fiscal
year ended March 31, 2010. The Company evaluated subsequent events for disclosure through November
2, 2009.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company’s third fiscal quarter ends on December 31, and the fourth fiscal quarter and year
ends on March 31 of each year. The first fiscal quarters ended on July 3, 2009 and June 27, 2008,
respectively, and the second fiscal quarters ended on October 2, 2009 and September 26, 2008,
respectively.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Customer Credit Risk</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company has an established customer credit policy, through which it manages customer
credit exposures through credit evaluations, credit limit setting, monitoring, and enforcement of
credit limits for new and existing customers. The Company performs ongoing credit evaluations of
its customers’ financial condition and makes provisions for doubtful accounts based on the outcome
of those credit evaluations. The Company evaluates the collectability of its accounts receivable
based on specific customer circumstances, current economic trends, historical experience with
collections and the age of past due receivables. To the extent the Company identifies exposures as
a result of credit or customer evaluations, the Company also reviews other customer related
exposures, including but not limited to inventory and related contractual obligations.
</div>
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</div>
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<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">During the three-month and six-month periods ended September 26, 2008, the Company recognized
approximately $117.4 million of charges associated with certain customers that were filing for
bankruptcy or were experiencing significant financial and liquidity difficulties. The Company
classified approximately $96.7 million of these charges in cost of sales related to the write-down
of inventory and associated contractual obligations. Additionally, the Company recognized
approximately $20.7 million as selling, general and administrative expenses for provisions for
doubtful accounts.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Inventories</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The components of inventories, net of applicable lower of cost or market write-downs, were as
follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="72%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>As of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>As of</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31, 2009</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>(In thousands)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Raw materials
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,649,106</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,907,584</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Work-in-progress
</div></td>
<td> </td>
<td> </td>
<td align="right">570,846</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">524,038</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Finished goods
</div></td>
<td> </td>
<td> </td>
<td align="right">472,125</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">565,163</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2,692,077</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,996,785</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Property and Equipment</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Depreciation expense associated with property and equipment amounted to approximately $91.5
million and $186.0 million for the three-month and six-month periods ended October 2, 2009,
respectively, and $91.8 million and $183.8 million for the three-month and six-month periods ended
September 26, 2008, respectively. Proceeds from the disposition of property and equipment were
$15.7 million and $32.7 million during the six-month periods ended October 2, 2009 and September
26, 2008, respectively, and are presented net with purchases of property and equipment within cash
flows from investing activities in the Condensed Consolidated Statements of Cash Flows.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Goodwill and Other Intangibles</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following table summarizes the activity in the Company’s goodwill account during the
six-month period ended October 2, 2009:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="86%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>(In thousands)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance, beginning of the year
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">36,776</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Purchase accounting adjustments (1)
</div></td>
<td> </td>
<td> </td>
<td align="right">31,382</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance, end of the quarter
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">68,158</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 10pt; margin-top: 1pt; width: 18%; border-bottom: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr style="font-size: 6pt">
<td width="3%"> </td>
<td width="1%"> </td>
<td width="96"> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>
<div style="text-align: justify">Includes adjustments and reclassifications resulting from
management’s review of the valuation of tangible and identifiable
intangible assets and liabilities acquired through certain
business combinations completed in a period subsequent to the
respective acquisition, based on management’s estimates. The
amount was attributable to purchase accounting adjustments for
certain historical acquisitions that were not individually, nor in
the aggregate, significant to the Company.
</div></td>
</tr>
</table>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The components of acquired intangible assets are as follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="28%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000"><b>As of October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000"><b>As of March 31, 2009</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Gross</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Net</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Gross</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Net</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Carrying</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Accumulated</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Carrying</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Carrying</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Accumulated</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Carrying</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amortization</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amortization</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="10"><b>(In thousands)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="10"><b>(In thousands)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Intangible assets:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Customer-related
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">506,861</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(320,143</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">186,718</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">506,449</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(280,046</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">226,403</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Licenses and other
</div></td>
<td> </td>
<td> </td>
<td align="right">54,799</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(32,240</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">22,559</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">54,559</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(26,247</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">28,312</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:30px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">561,660</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(352,383</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">209,277</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">561,008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(306,293</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">254,715</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Total intangible amortization expense was $22.7 million and $46.0 million during the
three-month and six-month periods ended October 2, 2009, respectively, and $50.3 million and $75.6
million during the three-month and six-month periods ended September 26, 2008, respectively. The
estimated future annual amortization expense for acquired intangible assets is as follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="86%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Fiscal Year Ending March 31,</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>(In thousands)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">2010 (1)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">42,600</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">2011
</div></td>
<td> </td>
<td> </td>
<td align="right">63,007</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">2012
</div></td>
<td> </td>
<td> </td>
<td align="right">41,526</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">2013
</div></td>
<td> </td>
<td> </td>
<td align="right">28,103</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">2014
</div></td>
<td> </td>
<td> </td>
<td align="right">18,314</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Thereafter
</div></td>
<td> </td>
<td> </td>
<td align="right">15,727</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Total amortization expense
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">209,277</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 10pt; margin-top: 1pt; width: 18%; border-bottom: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr style="font-size: 6pt">
<td width="3%"> </td>
<td width="1%"> </td>
<td width="96"> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>
<div style="text-align: justify">Represents estimated amortization for the six-month period ending March 31, 2010.
</div></td>
</tr>
</table>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Other Assets</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company has certain equity investments in, and notes receivable from, non-publicly traded
companies, which are included within other assets in the Company’s Condensed Consolidated Balance
Sheets. As of October 2, 2009 and March 31, 2009, the Company’s equity investments and notes
receivable from these non-publicly traded companies totaled $30.7 million and $473.6 million
respectively. The Company monitors these investments and notes receivable for impairment and makes
appropriate reductions in carrying values as required.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">During the second quarter of fiscal 2010, the Company recognized charges totaling
approximately $92.0 million associated with the impairment of notes receivable from one affiliate
and an equity investment in another affiliate, which are included in Other charges, net in the
Condensed Consolidated Statements of Operations. The notes receivable were partially impaired
during the fourth quarter of fiscal year 2009 based on discussions with a third party for the
potential sale of the notes and the related expected recoverable value. Subsequent deterioration
in the affiliate’s business prospects, cash flow expectations, and increased liquidity concerns has
resulted in an additional impairment. Similarly, deterioration in the business prospects and
liquidity concerns of the equity investment occurring in the six-month period ended October 2, 2009
has resulted in an impairment of the carrying value to the estimated recoverable value.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In August 2009, the Company sold one of its non-majority owned investments and related note
receivable for approximately $252.5 million, net of closing costs. In conjunction with this
transaction the Company recognized an impairment charge of approximately $107.4 million in the
three-month period ended July 3, 2009. Total impairment charges related to the Company’s equity
investments and notes receivable for the six-month period ended October 2, 2009 were approximately
$199.4 million and are included in Other charges, net in the Condensed Consolidated Statements of
Operations.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">During the three-month and six-month periods ended September 26, 2008, the Company recognized
$11.9 million in charges for other-than-temporary impairment of certain of the Company’s
investments primarily associated with a customer that was experiencing significant financial and
liquidity difficulties.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Provision for income taxes</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company has tax loss carryforwards attributable to continuing operations for which the
Company has recognized deferred tax assets. The Company’s policy is to provide a reserve against
those deferred tax assets that in management’s estimate are not more likely than not to be
realized. During the three-month and six-month periods ended October 2, 2009, the provision for
income taxes includes a benefit of approximately $63.3 million and $75.2 million, respectively, for
the net change in the liability for unrecognized tax benefits as a result of settlements in various
tax jurisdictions. During the six-month period ended September 26, 2008, the provision for income
taxes includes a benefit of approximately $38.5 million for the reversal of valuation allowances
and other tax reserves.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Recent Accounting Pronouncements</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In June 2009, a new accounting standard was issued which removes the concept of a qualifying
special-purpose entity, creates more stringent conditions for reporting a transfer of a portion of
a financial asset as a sale, clarifies other sale-accounting criteria, and changes the initial
measurement of a transferor’s interest in transferred financial assets. This guidance is effective
for fiscal years beginning after November 15, 2009 and is required to be adopted by the Company in
the first quarter of fiscal year 2011. The adoption of this standard will not have any impact on
the Company’s consolidated statement of operations and could require that future sales of accounts
receivable be treated as a financing activity in the statement of cash flows and as a liability on
the Company’s balance sheet (see Note 8).
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In June 2009, a new accounting standard was issued which amends the consolidation guidance
applicable to variable interest entities (“VIEs”), the approach for determining the primary
beneficiary of a VIE, and disclosure requirements of a Company’s involvement with VIEs. This
standard is effective for fiscal years beginning after November 15, 2009 and is required to be
adopted by the Company in the first quarter of fiscal year 2011. The adoption of this standard
will not have any impact on the Company’s consolidated statement of operations and could require
that future sales of accounts receivable be treated as a financing activity in the statement of
cash flows and as a liability on the Company’s balance sheet (see Note 8).
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 3 - us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>3. STOCK-BASED COMPENSATION</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company grants equity compensation awards to acquire the Company’s ordinary shares from
four plans, and which collectively are referred to as the Company’s equity compensation plans
below. For further discussion of these Plans, refer to Note 2, “Summary of Accounting Policies,”
of the Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for
the fiscal year ended March 31, 2009.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Compensation expense for the Company’s stock options and unvested share bonus awards was as
follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="44%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Three-Month Periods Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Six-Month Periods Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>September 26, 2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>September 26, 2008</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>(In thousands)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>(In thousands)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Cost of sales
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2,375</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,148</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">5,015</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">4,191</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Selling, general
and
administrative
expenses
</div></td>
<td> </td>
<td> </td>
<td align="right">10,620</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,348</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23,183</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">27,321</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Total
stock-based
compensation
expense
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">12,995</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">17,496</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">28,198</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">31,512</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">On July 14, 2009, the Company launched an exchange offer under which eligible employees had
the opportunity to voluntarily exchange their eligible stock options granted under certain of the
Company’s equity compensation plans for a lesser amount of replacement stock options granted under
one of the Company’s current equity incentive plans with new exercise prices equal to the closing
price of the Company’s ordinary shares on the date of exchange (the “Exchange”). The Exchange
offer was open to all active U.S. and international employees of the Company, except in those
jurisdictions where the local law, administrative burden or similar considerations made
participation in the program illegal, inadvisable or impractical, and where exclusion otherwise was
consistent with the Company’s compensation policies with respect to those jurisdictions. The
Exchange offer was not open to the Company’s Board of Directors or its executive officers. To be
eligible for exchange an option must: (i) have had an exercise price of at least $10.00 per share,
(ii) have been outstanding, and (iii) have been granted at least 12 months prior to the
commencement date of the Exchange offer. All replacement option grants were subject to a vesting
schedule of two, three or four years from the date of grant of the replacement options depending on
the remaining vesting period of the option grants surrendered for cancellation in the Exchange.
The number of replacement options an eligible employee received in exchange for an eligible option
grant was determined by an exchange ratio applicable to that option. Stock options with exercise
prices between $10.00 and $11.99 were exchangeable for new options at a rate of 1.5 existing
options per new option grant, and stock options with exercise prices of $12.00 or more were
exchangeable at a rate of 2.4 existing options per new option grant. Outstanding Options covering
approximately 29.8 million shares were eligible to participate in the Exchange.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Exchange was completed on August 11, 2009. Approximately 27.9 million stock options were
tendered in the Exchange, and approximately 16.9 million replacement options were granted with an
exercise price of $5.57, a weighted average vesting term of 1.58 years, and a contractual life of 7
years. The Exchange was accounted for as a modification of the existing option awards tendered in
the Exchange. As a result of the Exchange, the Company will recognize approximately $1.8 million in
incremental compensation expense over the expected service period of the replacement grants’
vesting terms.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Excluding options granted in the Exchange, for the three months ended October 2, 2009, the
Company granted 302,900 stock options and 317,229 unvested share bonus awards, at a weighted
average fair value per award of $2.70 and $7.31, respectively. As of October 2, 2009, total
unrecognized compensation expense related to stock options was $75.9 million, net of estimated
forfeitures, and will be recognized over a weighted average vesting period of 2.3 years. Total
unrecognized compensation expense related to unvested share bonus awards was $64.2 million, net of
estimated forfeitures, and will be recognized over a weighted average vesting period of 1.7 years.
Approximately $29.6 million of the unrecognized compensation cost is related to awards where
vesting is contingent upon meeting both a service requirement and achievement of longer-term goals.
As of October 2, 2009, management believes achievement of these goals is not probable, and these
unvested share bonus awards are not expected to vest and the cost is not expected to be recognized.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The number of options outstanding and exercisable as of October 2, 2009 were 64.9 million and
25.2 million, at weighted average exercise prices of $7.10 and $10.50, respectively.
</div>
</div>
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<!-- Begin Block Tagged Note 4 - us-gaap:EarningsPerShareTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>4. EARNINGS PER SHARE</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following table reflects the basic and diluted weighted-average ordinary shares
outstanding used to calculate basic and diluted earnings per share:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="44%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Three-Month Periods Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Six-Month Periods Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>September 26, 2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>September 26, 2008</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14"><b>(In thousands, except per share amounts)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Basic earnings per share:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Net income (loss)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">19,659</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">27,071</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(134,384</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">146,280</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Shares used in computation:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Weighted-average ordinary shares
outstanding
</div></td>
<td> </td>
<td> </td>
<td align="right">811,364</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">828,182</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">810,769</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">832,337</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Basic earnings (loss) per share
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">0.02</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">0.03</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(0.17</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">0.18</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:30px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Diluted earnings per share:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Net income (loss)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">19,659</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">27,071</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(134,384</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">146,280</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Shares used in computation:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Weighted-average ordinary shares
outstanding
</div></td>
<td> </td>
<td> </td>
<td align="right">811,364</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">828,182</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">810,769</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">832,337</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Weighted-average ordinary share
equivalents from stock options
and awards (1)
</div></td>
<td> </td>
<td> </td>
<td align="right">5,896</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,848</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,942</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Weighted-average ordinary share
equivalents from convertible
notes (2)
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Weighted-average ordinary shares
and ordinary share equivalents
outstanding
</div></td>
<td> </td>
<td> </td>
<td align="right">817,260</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">830,030</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">810,769</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">835,279</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:30px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Diluted earnings (loss) per share
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">0.02</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">0.03</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(0.17</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">0.18</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 10pt; margin-top: 1pt; width: 18%; border-bottom: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr style="font-size: 6pt">
<td width="3%"> </td>
<td width="1%"> </td>
<td width="96"> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>
<div style="text-align: justify">As a result of the Company’s net loss, ordinary share equivalents
from approximately 5.3 million options and share bonus awards were
excluded from the calculation of diluted earnings (loss) per share
for the six-month period ended October 2, 2009. Ordinary share
equivalents from stock options to purchase approximately 41.1
million and 50.0 million shares outstanding during the three-month
and six-month periods ended October 2, 2009, respectively, and
65.1 million and 54.5 million shares outstanding during the
three-month and six-month periods ended September 26, 2008,
respectively, were excluded from the computation of diluted
earnings per share primarily because the exercise price of these
options was greater than the average market price of the Company’s
ordinary shares during the respective periods.
</div></td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>
<div style="text-align: justify">On July 31, 2009, the principal amount of the Company’s Zero
Coupon Convertible Junior Subordinated Notes was settled in cash
upon maturity. These notes carried conversion provisions to issue
shares to settle any conversion spread (excess of the conversion
value over the face value) in stock. The face value was
$10.50 per share. On the maturity date the Company’s stock price
was less than the face value, and therefore no shares were
issued.
</div></td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"> </td>
<td> </td>
<td>
<div style="text-align: justify">During December 2008, the Company purchased an aggregate principal
amount of $260.0 million of its outstanding 1% Convertible
Subordinated Notes, which resulted in a reduction of the ordinary
share equivalents into which such notes were convertible from
approximately 32.2 million to approximately 15.5 million. As the
Company has the positive intent and ability to settle the
principal amount of these notes in cash, all ordinary share
equivalents related to the principal portion of the Notes are
excluded from the computation of diluted earnings per share. The
Company intends to settle any conversion spread (excess of the
conversion value over face value) in stock. The conversion price
is $15.525 per share (subject to certain adjustments). During the
three-month and six-month periods ended October 2, 2009 and
September 26, 2008, the conversion obligation was less than the
principal portion of these notes and accordingly, no additional
shares were included as ordinary share equivalents.
</div></td>
</tr>
</table>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 5 - us-gaap:ComprehensiveIncomeNoteTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>5. OTHER COMPREHENSIVE INCOME</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following table summarizes the components of other comprehensive income:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="44%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Three-Month Periods Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Six-Month Periods Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>September 26, 2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>September 26, 2008</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>(In thousands)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>(In thousands)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income (loss)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">19,659</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">27,071</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(134,384</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">146,280</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other comprehensive income:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Foreign currency translation adjustment
</div></td>
<td> </td>
<td> </td>
<td align="right">17,637</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20,012</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">27,929</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(19,185</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Unrealized gain (loss) on derivative
instruments, and other income (loss), net of taxes
</div></td>
<td> </td>
<td> </td>
<td align="right">2,558</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,640</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,988</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,195</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Comprehensive income (loss)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">39,854</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">8,699</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(92,467</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">135,290</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
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<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>6. BANK BORROWINGS AND LONG-TERM DEBT</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Bank borrowings and long-term debt are as follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="72%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>As of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>As of</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31, 2009</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>(In thousands)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Short term bank borrowings
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,719</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,854</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">0.00% convertible junior subordinated notes due July 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">189,045</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">1.00% convertible subordinated notes due August 2010
</div></td>
<td> </td>
<td> </td>
<td align="right">226,156</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">218,391</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">6.50% senior subordinated notes due May 2013
</div></td>
<td> </td>
<td> </td>
<td align="right">299,806</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">399,622</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">6.25% senior subordinated notes due November 2014
</div></td>
<td> </td>
<td> </td>
<td align="right">302,172</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">402,090</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Term Loan
Agreement, including current portion, due in installments through October 2014
</div></td>
<td> </td>
<td> </td>
<td align="right">1,700,445</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,709,116</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">20,028</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21,416</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td align="right">2,550,326</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,941,534</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Current portion
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(252,591</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(207,991</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Non-current portion
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2,297,735</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,733,543</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">As of October 2, 2009 and March 31, 2009, there were no borrowings outstanding under the
Company’s $2.0 billion credit facility, and the Company was in compliance with the financial
covenants under this credit facility.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">On
July 31, 2009, the Company paid $195.0 million to redeem
the Zero Coupon Convertible Junior
Subordinated Notes upon their maturity. These notes carried conversion provisions to issue shares
to settle any conversion spread (excess of the conversion value over the face value) in stock. The face value was $10.50 per share. On the
maturity date, the Company’s stock price was less than the face
value, and
therefore no shares were issued.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">During June 2009, the Company paid approximately $203.2 million to purchase an aggregate
principal amount of $99.8 million of its outstanding 6 <font style="font-size: 70%"><sup>1</sup></font>/<font style="font-size: 60%">2</font>% Senior Subordinated Notes due 2013 (the
“6 <font style="font-size: 70%"><sup>1</sup></font>/<font style="font-size: 60%">2</font>% Notes”) and an aggregate
principal amount of $99.9 million of its outstanding 6 <font style="font-size: 70%"><sup>1</sup></font>/<font style="font-size: 60%">4</font>% Senior Subordinated Notes due 2014
(the “6 <font style="font-size: 70%"><sup>1</sup></font>/<font style="font-size: 60%">4</font>% Notes” and collectively referred to as the “Notes”) in a cash tender offer (the
“Offer”). The cash paid included $8.8 million in consent fees (as discussed further below) paid to
holders of the Notes that were tendered but not purchased as well as to holders that consented but
did not tender, which were capitalized and will be recognized as a component of interest expense
over the remaining life of the Notes. The Company recognized an immaterial gain during the
six-month period ended October 2, 2009 associated with the partial extinguishment of the Notes, net
of approximately $5.3 million for transaction costs and the write-down of related debt issuance
costs, which is included in Other charges, net in the Condensed Consolidated Statement of
Operations.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In conjunction with the Offer, the Company obtained consents from the holders of Notes
tendered but not purchased, as well as from holders that consented but did not tender, to certain
amendments to the restricted payments covenants and certain related definitions in each of the
indentures (the “Indentures”) under which the Notes were issued. The amendments permit the Company
greater flexibility to purchase or make other payments in respect of its equity securities and debt
that is subordinated to the Notes and to make certain other restricted payments under each
Indenture.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Adjustments to Beginning Accumulated Deficit and Interest Expense</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">On April 1, 2009, the Company adopted a new accounting standard related to accounting for
convertible debt instruments that may be settled in cash upon conversion. The adoption of the new
standard affected the accounting for the Company’s 1% Convertible Subordinated Notes and Zero
Coupon Convertible Junior Subordinated Notes (collectively referred to as the “Convertible Notes”)
by requiring the initial proceeds from their sale to be allocated between a liability component and
an equity component in a manner that results in interest expense on the debt component at the
Company’s nonconvertible debt borrowing rate on the date of issuance.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The standard required the Company to record the change in accounting principle retrospectively
to all periods presented, which included cumulative effect adjustments as of March 31, 2009 to the
opening balance of Accumulated deficit of approximately $225.0 million, an approximate $27.6
million reduction in the carrying value of the Convertible Notes, an increase in the recorded value
of Ordinary shares of approximately $252.0 million, which represents the carrying amount of the
equity component, and a reduction to deferred financing costs of approximately $525,000, which is
included in Other assets. The adjustment to Accumulated deficit represented imputed interest for
the period from issuance of each convertible note to March 31, 2009, and a $5.8 million reduction
in the gain recognized during the three-month period ended December 31, 2008 for the partial
extinguishment of the 1% Convertible Subordinated Notes. Coupon interest expense and discount
amortization related to the original issuance costs was immaterial for all periods presented.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The estimated fair value of the initial debt components of the Company’s 1% Convertible
Subordinated Notes and Zero Coupon Convertible Junior Subordinated Notes were $310.9 million and
$111.3 million, respectively, based on the present value of the contractual cash flows discounted
at an appropriate comparable market nonconvertible debt borrowing rate at the date of issuance.
The Company is amortizing the discounts using the effective interest method over the period the
debt is expected to remain outstanding as additional interest expense. The amortization of the
discount resulted in effective interest rates of 8.21% for the 1% Convertible Subordinated Notes
and 9.23% for the Zero Coupon Convertible Junior Subordinated Notes. The adoption of the new
standard had no impact on the Company’s consolidated cash flows. Below is a summary of the
financial statement effects of implementing the new standard on the affected notes and interest
expense.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="44%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Zero Coupon Convertible Junior</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>1% Convertible Subordinated Notes</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Subordinated Notes</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31, 2009</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14"><b>(In thousands)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Balance Sheet:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Principal amount of Notes
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">239,993</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">239,993</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">195,000</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Unamortized discount
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(13,837</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(21,602</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,955</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net carrying amount of Notes
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">226,156</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">218,391</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">189,045</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="44%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Three-Month Periods Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Three-Month Periods Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>September 26, 2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>September 26, 2008</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14"><b>(In thousands)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Income Statement:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of discount net of
adjustments to deferred financing costs
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3,829</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">7,343</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,659</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">4,058</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="44%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Six-Month Periods Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Six-Month Periods Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>September 26, 2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>October 2, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>September 26, 2008</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14"><b>(In thousands)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of discount net of
adjustments to deferred financing costs
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">7,561</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">14,500</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">5,976</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">8,004</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">As a result of the new standard, basic and diluted net income per share decreased by
$0.01 for the three-month period and increased the net loss per share by $0.02 for the six-month
period ended October 2, 2009. Basic and diluted net income per share decreased by $0.01 and $0.03
for the three-month and six-month periods ended September 26, 2008, respectively.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Fair Values</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">As of October 2, 2009, the approximate fair values of the Company’s 6.5% Senior Subordinated
Notes, 6.25% Senior Subordinated Notes, 1% Convertible Subordinated Notes and debt outstanding
under its Term Loan Agreement were 97.0%, 96.0%, 97.1% and 91.3% of the face values of the debt
obligations, respectively, based on broker trading prices.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Interest Expense</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">During the three-month and six-month periods ended October 2, 2009, the Company recognized
interest expense of $39.3 million and $85.5 million (including $5.5 million and $13.5 million for
the application of the new accounting standard discussed above, respectively, on its debt
obligations outstanding during the period. During the three-month and six-month periods ended
September 26, 2008, the Company recognized interest expense of $64.8 million and $134.1 million
(including $11.4 million and $22.5 million for the retrospective application of the new accounting
standard), respectively, on its debt obligations.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 7 - us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>7. FINANCIAL INSTRUMENTS</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Foreign Currency Contracts</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">As of October 2, 2009, the aggregate notional amount of the Company’s outstanding foreign
currency forward and swap contracts was $1.7 billion as summarized below:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="58%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Foreign</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Notional</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Currency</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Contract Value</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Currency</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Buy/Sell</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>in USD</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>(In thousands)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Cash Flow Hedges</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">EUR
</div></td>
<td> </td>
<td colspan="3" align="center">Sell</td>
<td> </td>
<td> </td>
<td align="right">19,312</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">26,380</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">JPY
</div></td>
<td> </td>
<td colspan="3" align="center">Buy</td>
<td> </td>
<td> </td>
<td align="right">3,522,050</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">35,848</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">MXN
</div></td>
<td> </td>
<td colspan="3" align="center">Buy</td>
<td> </td>
<td> </td>
<td align="right">428,000</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">30,214</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td colspan="3" align="center">Buy</td>
<td> </td>
<td> </td>
<td align="right">N/A</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">27,757</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">120,199</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other Forward/Swap Contracts</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">BRL
</div></td>
<td> </td>
<td colspan="3" align="center">Buy</td>
<td> </td>
<td> </td>
<td align="right">117,665</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">57,000</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">BRL
</div></td>
<td> </td>
<td colspan="3" align="center">Sell</td>
<td> </td>
<td> </td>
<td align="right">125,923</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">53,896</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">CAD
</div></td>
<td> </td>
<td colspan="3" align="center">Buy</td>
<td> </td>
<td> </td>
<td align="right">58,165</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">46,830</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">CAD
</div></td>
<td> </td>
<td colspan="3" align="center">Sell</td>
<td> </td>
<td> </td>
<td align="right">125,431</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">99,276</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">EUR
</div></td>
<td> </td>
<td colspan="3" align="center">Buy</td>
<td> </td>
<td> </td>
<td align="right">166,012</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">221,374</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">EUR
</div></td>
<td> </td>
<td colspan="3" align="center">Sell</td>
<td> </td>
<td> </td>
<td align="right">361,724</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">485,089</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">GBP
</div></td>
<td> </td>
<td colspan="3" align="center">Sell</td>
<td> </td>
<td> </td>
<td align="right">30,784</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">44,222</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">HUF
</div></td>
<td> </td>
<td colspan="3" align="center">Buy</td>
<td> </td>
<td> </td>
<td align="right">9,152,200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">41,067</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">MYR
</div></td>
<td> </td>
<td colspan="3" align="center">Buy</td>
<td> </td>
<td> </td>
<td align="right">190,746</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">52,623</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">SEK
</div></td>
<td> </td>
<td colspan="3" align="center">Buy</td>
<td> </td>
<td> </td>
<td align="right">1,121,118</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">138,638</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td colspan="3" align="center">Buy</td>
<td> </td>
<td> </td>
<td align="right">N/A</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">206,428</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td colspan="3" align="center">Sell</td>
<td> </td>
<td> </td>
<td align="right">N/A</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">134,058</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,580,501</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Total Notional Contract Value in USD
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,700,700</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">As of October 2, 2009 and March 31, 2009, the fair value of the Company’s short-term
foreign currency contracts was not material and is included in Other current assets or Other
current liabilities, as applicable, in the Condensed Consolidated Balance Sheet. Certain of these
contracts are designed to economically hedge the Company’s exposure to monetary assets and
liabilities denominated in a non-functional currency and are not accounted for as a hedging
activity. Accordingly, changes in fair value of these instruments are recognized in earnings
during the period of change as a component of Interest and other expense, net in the Condensed
Consolidated Statement of Operations. As of October 2, 2009 and March 31, 2009, the Company also
has included net deferred gains and losses, respectively, in other comprehensive income, a
component of shareholders’ equity in the Condensed Consolidated Balance Sheet, relating to changes
in fair value of its foreign currency contracts that are accounted for as cash flow hedges. These
deferred gains and losses were not material, and the deferred gains as of October 2, 2009 are
expected to be recognized as a component of cost of sales in the Condensed Consolidated Statement
of Operations over the next twelve month period. The gains and losses recognized in earnings due to
hedge ineffectiveness were not material for all fiscal periods presented and are included as a
component of Interest and other expense, net in the Condensed Consolidated Statement of Operations.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 1%"><b><i>Interest Rate Swap Agreements</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company is also exposed to variability in cash flows associated with changes in short-term
interest rates primarily on borrowings under its revolving credit facility and term loan agreement.
During fiscal years 2009 and 2008, the Company entered into interest rate swap agreements to
mitigate the exposure to interest rate risk resulting from unfavorable changes in interest rates
resulting from the term loan agreement, as summarized below:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="20%"> </td>
<td width="25%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left"><b>Notional Amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Fixed Interest</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Interest Payment</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td colspan="2" nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>(in millions)</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Rate Payable</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Received</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Term</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Expiration Date</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Fiscal 2009
Contracts:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">$100.0
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">1.94</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">1-Month Libor</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">12 month</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">January 2010</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">$100.0
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">2.45</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">3-Month Libor</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">12 month</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">January 2010</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">$100.0
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">1.00</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">1-Month Libor</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">12 month</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">March 2010</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">$100.0
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">1.00</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">1-Month Libor</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">12 month</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2010</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Fiscal 2008
Contracts:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">$250.0
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">3.61</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">1-Month Libor</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">34 months</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">October 2010</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">$250.0
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">3.61</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">1-Month Libor</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">34 months</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">October 2010</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">$175.0
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">3.60</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">3-Month Libor</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">36 months</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">January 2011</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:42px; text-indent:-15px"> $72.0
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">3.57</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">3-Month Libor</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">36 months</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">January 2011</td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:45px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 0px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td align="left">
<div style="margin-left:44px; text-indent:-15px">$1,147.0
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td align="left" style="border-bottom: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 0px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 0px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 0px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 0px double #000000"> </td>
<td> </td>
</tr>
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">These contracts provide for the receipt of interest payments at rates equal to the terms
of the various tranches of the underlying borrowings outstanding under the term loan arrangement
(excluding the applicable margin), other than the two $250.0 million swaps, expiring October 2010,
and the $100 million swap expiring January 2010, which provide for the receipt of interest at
one-month Libor while the underlying borrowings are based on three-month Libor.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">All of the Company’s interest rate swap agreements are accounted for as cash flow hedges, and
there was no charge for ineffectiveness during the three-month and six-month periods ended October
2, 2009 and September 26, 2008. For the three-month and six-month periods ended October 2, 2009 and
September 26, 2008 the net amount
recorded as interest expense from these swaps was not material. As of October 2, 2009 and
March 31, 2009 the fair value of the Company’s interest rate swaps was not material and is included
in Other current liabilities in the Condensed Consolidated Balance Sheets, with a corresponding
decrease in other comprehensive income. The deferred losses included in other comprehensive income
will effectively be released through earnings as the Company makes fixed, and receives variable,
interest payments over the remaining term of the swaps through January 2011.
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 8 - us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>8. TRADE RECEIVABLES SECURITIZATION</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company continuously sells designated pools of trade receivables under two asset backed
securitization programs.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Global Asset-Backed Securitization Agreement</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company continuously sells a designated pool of trade receivables to a third-party
qualified special purpose entity, which in turn sells an undivided ownership interest to two
commercial paper conduits, administered by an unaffiliated financial institution. In addition to
these commercial paper conduits, the Company participates in the securitization agreement as an
investor in the conduit. The securitization agreement allows the operating subsidiaries
participating in the securitization program to receive a cash payment for sold receivables, less a
deferred purchase price receivable. The Company continues to service, administer and collect the
receivables on behalf of the special purpose entity and receives a servicing fee of 1.00% of
serviced receivables per annum. Servicing fees recognized during the three-month and six-month
periods ended October 2, 2009 and September 26, 2008 were not material and are included in Interest
and other expense, net within the Condensed Consolidated Statements of Operations. As the Company
estimates that the fee it receives in return for its obligation to service these receivables is at
fair value, no servicing assets or liabilities are recognized.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">During October 2009, the agreement was amended such that the Obligor Specific Tranche (“OST”)
in the amount of $100.0 million was removed, and the maximum investment limit of the two commercial
paper conduits was increased to $500.0 million exclusive of the OST. Additionally, the Company now
pays commitment and program fees totaling 1.5% per annum under the facility to the extent funded
through the issuance of commercial paper.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The third-party special purpose entity is a qualifying special purpose entity<i>, </i>and
accordingly, the Company does not consolidate this entity. As of October 2, 2009 and March 31,
2009, approximately $462.1 million and $422.0 million of the Company’s accounts receivable,
respectively, had been sold to this third-party qualified special purpose entity. The amounts
represent the face amount of the total outstanding trade receivables on all designated customer
accounts on those dates. The accounts receivable balances that were sold under this agreement were
removed from the Condensed Consolidated Balance Sheets and are reflected as cash provided by
operating activities in the Condensed Consolidated Statements of Cash Flows. The Company received
net cash proceeds of approximately $299.4 million and $298.1 million from the commercial paper
conduits for the sale of these receivables as of October 2, 2009 and March 31, 2009, respectively.
The difference between the amount sold to the commercial paper conduits (net of the Company’s
investment participation) and net cash proceeds received from the commercial paper conduits is
recognized as a loss on sale of the receivables and recorded in Interest and other expense, net in
the Condensed Consolidated Statements of Operations. The Company has a recourse obligation that is
limited to the deferred purchase price receivable. The deferred purchase price receivable, which
approximates 5% of the total sold receivables, and the Company’s own investment participation, the
aggregate total of which was approximately $162.7 million and $123.8 million as of October 2, 2009
and March 31, 2009, respectively, is recorded in Other current assets in the Condensed Consolidated
Balance Sheets as of October 2, 2009 and March 31, 2009. The amount of the Company’s own
investment participation varies depending on certain criteria, mainly the collection performance on
the sold receivables. As the recoverability of the trade receivables underlying the Company’s own
investment participation is determined in conjunction with the Company’s accounting policies for
determining provisions for doubtful accounts prior to sale into the third party qualified special
purpose entity, the fair value of the Company’s own investment participation reflects the estimated
recoverability of the underlying trade receivables.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 1%"><b><i>North American Asset-Backed Securitization Agreement</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company continuously sells a designated pool of trade receivables to an affiliated special
purpose vehicle, which in turn sells an undivided ownership interest to an agent on behalf of two
commercial paper conduits administered by unaffiliated financial institutions. The Company
continues to service, administer and collect the receivables on behalf of the special purpose
entity and receives a servicing fee of 0.50% per annum on the outstanding balance of the serviced
receivables. Servicing fees recognized during the three-month and six month periods ended October
2, 2009 were not material and are included in Interest and other expense, net within the Condensed
Consolidated Statements of Operations. As the Company estimates that the fee it receives in return
for its obligation to service these receivables is at fair value, no servicing assets or
liabilities are recognized.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The maximum investment limit of the two commercial paper conduits is $300.0 million. During
September 2009, the agreement was amended such that the Company pays commitment fees of 0.80% per
annum on the aggregate amount of the liquidity commitments of the financial institutions under the
facility (which approximates the maximum investment limit) and program fees of 0.70% on the
aggregate amounts invested under the facility by the conduits to the extent funded through the
issuance of commercial paper.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The affiliated special purpose vehicle is not a qualifying special purpose entity, since the
Company, by design of the transaction, absorbs the majority of expected losses from transfers of
trade receivables into the special purpose vehicle and, as such, is deemed the primary beneficiary
of this entity. Accordingly, the Company consolidates the special purpose vehicle. As of October
2, 2009 and March 31, 2009, the Company transferred approximately $426.4 million and $448.7
million, respectively, of receivables into the special purpose vehicle described above. The
Company sold approximately $180.2 million of the $426.4 million of receivables as of October 2,
2009, and $173.8 million of the $448.7 million of receivables as of March 31, 2009 to the two
commercial paper conduits and received approximately $179.5 million and $173.1 million as of
October 2, 2009 and March 31, 2009, respectively, in net cash proceeds for the sales. The accounts
receivable balances that were sold to the two commercial paper conduits under this agreement were
removed from the Condensed Consolidated Balance Sheets and are reflected as cash provided by
operating activities in the Condensed Consolidated Statements of Cash Flows, and the difference
between the amount sold and net cash proceeds received was recognized as a loss on sale of the
receivables, and is recorded in Interest and other expense, net in the Condensed Consolidated
Statements of Operations. The remaining trade receivables transferred into the special purpose
vehicle and not sold to the two commercial paper conduits comprise the primary assets of that
entity, and are included in trade accounts receivable, net in the Condensed Consolidated Balance
Sheets of the Company. The recoverability of these trade receivables, both those included in the
Condensed Consolidated Balance Sheets and those sold but uncollected by the commercial paper
conduits, is determined in conjunction with the Company’s accounting policies for determining
provisions for doubtful accounts. Although the special purpose vehicle is fully consolidated by
the Company, it is a separate corporate entity and its assets are available first to satisfy the
claims of its creditors.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company also sold accounts receivables to certain third-party banking institutions with
limited recourse, which management believes is nominal. The outstanding balance of receivables sold
and not yet collected was approximately $90.7 million and $171.6 million as of October 2, 2009 and
March 31, 2009, respectively. These receivables were removed from the Condensed Consolidated
Balance Sheets and are reflected as cash provided by operating activities in the Condensed
Consolidated Statements of Cash Flows.
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 9 - us-gaap:RestructuringAndRelatedActivitiesDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>9. RESTRUCTURING CHARGES</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company recognized restructuring charges of approximately $12.6 million and $77.4 million
during the three-month and six-month periods ended October 2, 2009 as part of its restructuring
plans previously announced in March 2009 in order to rationalize the Company’s global manufacturing
capacity and infrastructure in response to macroeconomic conditions. The costs associated with
these restructuring activities include employee severance, costs related to owned and leased
facilities and equipment that is no longer in use and is to be disposed of, and other costs
associated with the exit of certain contractual arrangements due to facility closures. The
restructuring charges by reportable geographic region for the six-month period amounted to
approximately $36.0 million, $16.6 million and $24.8 million for Asia, the Americas and Europe,
respectively. The Company classified approximately $12.4 million and $64.5 million of these charges
as a component of cost of sales during the three-month and six-month periods ended October 2, 2009,
respectively.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">During the six-month period ended October 2, 2009 the Company recognized approximately $26.5
million of employee termination costs associated with the involuntary terminations of 3,046
identified employees. The involuntary employee terminations by reportable geographic region
amounted to approximately 607, 1,635 and 804 for Asia, the Americas and Europe respectively.
Approximately $23.0 million of these charges were classified as a component of cost of sales.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">During the six-month period ended October 2, 2009, the Company recognized approximately $35.5
million for the write-down of property and equipment, which is no longer in use, to management’s
estimate of fair value. Approximately $25.8 million of these charges were classified as a component
of cost of sales. The restructuring charges recognized during the six-month period ended October
2, 2009 also included approximately $15.4 million for other exit costs, all of which was primarily
classified as a component of cost of sales. Other exit costs were primarily comprised of
contractual obligations associated with facility and equipment lease terminations and facility
abandonment and refurbishment costs.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following table summarizes the provisions, respective payments, and remaining accrued
balance as of October 2, 2009 for charges incurred in fiscal year 2010 and prior periods:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="48%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="9%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Long-Lived</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Asset</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Other</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Severance</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Impairment</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Exit Costs</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Total</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14"><b>(In thousands)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance as of March 31, 2009
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">101,213</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">60,254</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">161,467</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Activities during the first quarter:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Provisions incurred in fiscal year 2010
</div></td>
<td> </td>
<td> </td>
<td align="right">19,369</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">31,791</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,679</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">64,839</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Cash payments for charges incurred in
fiscal year 2010
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7,325</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6,243</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(13,568</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Cash payments for charges incurred in
fiscal year 2009
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(41,533</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,015</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(42,548</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Cash payments for charges incurred in
fiscal year 2008 and prior
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(9,211</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(11,549</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20,760</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Non-cash charges incurred during the year
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(31,791</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(27</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(31,818</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance as of July 3, 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">62,513</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">55,099</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">117,612</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Activities during the second quarter:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Provisions incurred in fiscal year 2010
</div></td>
<td> </td>
<td> </td>
<td align="right">7,139</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,712</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,740</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,591</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Cash payments for charges incurred in
fiscal year 2010
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10,994</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,104</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(16,098</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Cash payments for charges incurred in
fiscal year 2009
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(13,286</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,690</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(14,976</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Cash payments for charges incurred in
fiscal year 2008 and prior
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,196</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,071</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6,267</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Non-cash charges incurred during the year
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,712</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,712</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance as of October 2, 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">41,176</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">47,974</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">89,150</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Less: current portion (classified as other
current liabilities)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(39,139</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(22,969</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(62,108</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Accrued restructuring costs, net of current
portion (classified as other liabilities)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2,037</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">25,005</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">27,042</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">As of October 2, 2009, accrued costs related to restructuring charges incurred during
fiscal year 2010 were approximately $12.2 million, which was all classified as a current
obligation.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">As of October 2, 2009 and March 31, 2009, accrued restructuring costs for charges incurred
during fiscal year 2009 were approximately $21.5 million and $79.0 million, respectively, of which
approximately $3.4 million and $4.8 million, respectively, were classified as long-term
obligations. As of October 2, 2009 and March 31, 2009, accrued restructuring costs for charges
incurred during fiscal years 2008 and prior were approximately $55.4 million and $82.4 million,
respectively, of which approximately $23.7 million and $29.0 million, respectively, were classified
as long-term obligations.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company recognized restructuring charges of approximately $29.2 million during the
six-month period ended September 26, 2008 primarily for employee termination costs associated with
the involuntary terminations of 1,667 identified employees. The activities associated with these
charges were substantially completed within one year of the commitment dates of the respective
activities. The Company classified approximately $26.3 million of these charges as a component of
cost of sales during the six-month period ended September 28, 2008.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">As of October 2, 2009 and March 31, 2009, assets that were no longer in use and held for sale
totaled approximately $60.5 million and $46.8 million, respectively, primarily representing
manufacturing facilities that have been closed as part of the Company’s historical facility
consolidations. For assets held for sale, depreciation ceases and an impairment loss is recognized
if the carrying amount of the asset exceeds its fair value less cost to sell. Assets held for sale
are included in Other current assets in the Condensed Consolidated Balance Sheets.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">For further discussion of the Company’s historical restructuring activities, refer to Note 9
“Restructuring Charges” to the Consolidated Financial Statements in the Company’s Annual Report on
Form 10-K for the fiscal year ended March 31, 2009.
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 10 - us-gaap:CommitmentsAndContingenciesDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>10. COMMITMENTS AND CONTINGENCIES</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Company is subject to legal proceedings, claims, and litigation arising in the ordinary
course of business. The Company defends itself vigorously against any such claims. Although the
outcome of these matters is currently not determinable, management does not expect that the
ultimate costs to resolve these matters will have a material adverse effect on its condensed
consolidated financial position, results of operations, or cash flows.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 11 - us-gaap:BusinessCombinationDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>11. BUSINESS AND ASSET ACQUISITIONS</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">During the six-month period ended October 2, 2009, the Company paid approximately $59.1
million relating to the contingent consideration or deferred purchase price payments related to
four historical acquisitions. The purchase price for certain historical acquisitions is subject to
adjustments for contingent consideration. Generally, the contingent consideration has not been
recorded as part of the purchase price, pending the outcome of the contingency.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">During the six-month period ended September 26, 2008, the Company completed six acquisitions
that were not individually, or in the aggregate, significant to the Company’s consolidated results
of operations and financial position. The acquired businesses complement the Company’s design and
manufacturing capabilities for the computing, infrastructure, industrial and consumer digital
market segments, and expanded the Company’s power supply capabilities. The aggregate cash paid for
these acquisitions totaled approximately $179.8 million, net of cash acquired. The purchase prices
for these acquisitions have been allocated on the basis of the estimated fair value of assets
acquired and liabilities assumed. The Company also paid approximately $2.4 million relating to a
contingent purchase price adjustment from a certain historical acquisition.
</div>
</div>
false
--03-31
2009-10-02
10-Q
0000866374
812268139
Yes
Large Accelerated Filer
FLEXTRONICS INTERNATIONAL LTD.
No
Yes
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