ADT 2002 Annual Report Download - page 122
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TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
23. Shareholders’ Equity (continued)
unamortized portion of deferred compensation expense is recorded as a reduction of shareholders’
equity. Recipients of DSU’s do not have the right to vote such shares and do not have the right to
receive cash dividends. However, they have the right to receive dividends in the form of additional
DSU’s.
Dividends—Tyco has paid a quarterly cash dividend of $0.0125 per common share since July 1997.
24. Comprehensive (Loss) Income
The purpose of reporting comprehensive (loss) income is to report a measure of all changes in
equity, other than transactions with shareholders. Total comprehensive (loss) income is included in the
Consolidated Statements of Shareholders’ Equity. The components of accumulated other
comprehensive (loss) income are as follows, as restated for the adjustments described in Note 1 ($ in
millions):
Unrealized
Currency (Loss) Unrealized Loss Minimum Accumulated Other
Translation Gain on on Derivative Pension Comprehensive
Items Securities Instruments Liability (Loss) Income
Balance at September 30, 1999 . . . $ (427.6) $ 7.8 $ — $ (25.8) $ (445.6)
Pre-tax current period change . . (370.5) 1,094.8(1) — 11.5 735.8
Income tax expense .......... — (19.1) — (4.0) (23.1)
Balance at September 30, 2000 . . . (798.1) 1,083.5 — (18.3) 267.1
Pre-tax current period change . . (191.6) (1,187.4)(1) (2.3) (401.6) (1,782.9)
Income tax benefit .......... — 24.8 — 140.6 165.4
Activity of discontinued
operations net of tax ....... (13.3) — (63.4) — (76.7)
Balance at September 30, 2001 . . . (1,003.0) (79.1) (65.7) (279.3) (1,427.1)
Pre-tax current period change . . 92.2 77.0(2) 1.6 (611.7) (440.9)
Income tax (expense) benefit . . . — (3.2) — 205.9 202.7
Activity of discontinued
operations net of tax ....... 13.3 — 63.4 — 76.7
Balance at September 30, 2002 . . . $ (897.5) $ (5.3) $ (0.7) $(685.1) $(1,588.6)
(1) Primarily related to Tyco’s investment in 360networks, Inc.
(2) Includes $112.8 million pre-tax ($100.6 million after-tax) reclassification of unrealized losses related to the other than
temporary impairment of investments.
25. Supplementary Income Statement Information
Selected supplementary income statement information is presented below ($ in millions).
For the Year Ended
September 30,
2002 2001 2000
Company-sponsored research and development ...................... $633.4 $572.0 $527.5
Advertising ................................................ $180.7 $152.3 $149.3
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