ADT 2002 Annual Report Download - page 3
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INTRODUCTORY NOTE
Amendment No. 2 on Form 10-K/A to the Annual Report on Form 10-K for the fiscal year ended
September 30, 2002.
This Amendment No. 2 on Form 10-K/A is being filed to restate certain amounts (see
‘‘Restatement’’ within Note 1 for discussion of significant changes) and to revise disclosure and
presentation of the Company’s Consolidated Financial Statements for the fiscal years ended
September 30, 2002, 2001, 2000, 1999 and 1998, in connection with a review of our financial statements
and related disclosures by the Staff of the Division of Corporation Finance of the U.S. Securities and
Exchange Commission (the ‘‘SEC’’).
During fiscal 2003, a change was made to the Company’s internal reporting structure such that the
operations of Tyco’s plastics and adhesives businesses (previously reported within the Healthcare and
Specialty Products segment) now comprise the Company’s new Plastics and Adhesives reportable
segment. The Company has conformed its segment reporting accordingly and has reclassified prior
period information to reflect this change. In addition, during the quarter ended March 31, 2003,
management began evaluating segment performance based upon operating results inclusive of
restructuring, impairments, and certain other charges that had previously been characterized by
management as unusual. Previously, such charges had been excluded from management’s evaluation of
segment performance. Accordingly, operating income or loss by segment has been shown to reflect
these changes. Prior year amounts have been conformed accordingly, and as such, include the charges
for amounts previously excluded from management’s internal reporting.
In addition, the Company updated its ‘‘Risk Factors’’ within the Business Section.
This amendment only reflects the changes discussed above. All other information is unchanged and
reflects the disclosures made at the time of the original filing on December 30, 2002.
The items amended are as follows:
Part I, Item 1. Business
Part II, Item 6. Selected Financial Data
Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations
Part II, Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Part II, Item 8. Financial Statements and Supplementary Data
Part III, Item 14. Controls and Procedures
Part III, Item 15. Exhibits, Financial Statement Schedules and Reports on Form 8-K
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