ADT 2005 Annual Report Download - page 189

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
13. Related Party Transactions (Continued)
County) and settled a civil action for violation of federal securities laws brought by the SEC in United
States District Court for the Southern District of New York. Both the felony charge and the civil action
were brought against Mr. Walsh based on such payment. The felony charge accused Mr. Walsh of
intentionally concealing information concerning the payment from Tyco’s directors and shareholders
while engaged in the sale of Tyco securities in the State of New York. The SEC action alleged that
Mr. Walsh knew that the registration statement covering the sale of Tyco securities as part of the
CIT Group acquisition contained a material misrepresentation concerning fees payable in connection
with the acquisition. Pursuant to the plea and settlement, Mr. Walsh paid $20 million in restitution to
Tyco on December 17, 2002. Our claims against Mr. Walsh are still pending.
14. Debt
Debt at September 30, 2005 and 2004 is as follows ($ in millions):
2005 2004
5.875% public notes due 2004(2) ........................ $ — $ 400
4.375% Euro denominated notes due 2004(2) ............... — 616
6.375% public notes due 2005(2) ........................ — 750
6.75% notes due 2005(2) .............................. — 77
6.375% public notes due 2006(1) ........................ 1,000 999
5.8% public notes due 2006(1) .......................... 700 699
6.125% Euro denominated public notes due 2007 ............ 721 738
6.5% notes due 2007 ................................ 100 100
2.75% convertible senior debentures with a 2008 put option .... 1,242 2,483
6.125% public notes due 2008 .......................... 399 399
7.2% notes due 2008 ................................ 85 85
5.5% Euro denominated notes due 2008 .................. 823 842
6.125% public notes due 2009 .......................... 399 398
Zero coupon convertible subordinated debentures due 2010 .... — 24
6.75% public notes due 2011 ........................... 999 999
6.375% public notes due 2011 .......................... 1,500 1,500
6.5% British pound denominated public notes due 2011 ....... 353 361
6.0% notes due 2013 ................................ 996 996
7.0% debentures due 2013 ............................ 86 86
3.125% convertible senior debentures with a 2015 put option . . . 750 1,500
7.0% public notes due 2028 ........................... 497 497
6.875% public notes due 2029 .......................... 790 789
6.5% British pound denominated public notes due 2031 ....... 502 514
Other(1)(2) ......................................... 612 727
Total debt ........................................ 12,554 16,579
Less current portion ................................. 1,954 2,037
Long-term debt .................................... $10,600 $14,542
(1) These instruments, plus $254 million of the amount shown as other, comprise the current portion of long-term debt as of
September 30, 2005.
(2) These instruments, plus $194 million of the amount shown as other, comprise the current portion of long-term debt as of
September 30, 2004.
2005 Financials 113