ADT 2006 Annual Report Download - page 183
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TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
12. Investments
At September 29, 2006 and September 30, 2005, Tyco had available-for-sale investments with a fair
market value of $318 million and $265 million and a cost basis of $323 million and $268 million,
respectively. These investments consist primarily of debt securities and are included in prepaid expenses
and other current assets and other assets within the Consolidated Balance Sheets. As of September 29,
2006, $61 million of these debt securities were due to mature within one year, with the remainder
substantially due in one to five years. The unrealized gains and losses related to these investments are
immaterial and have been included as a separate component of shareholders’ equity.
13. Goodwill and Intangible Assets
The changes in the carrying amount of goodwill for 2006 and 2005 are as follows ($ in millions):
Engineered
Fire and Products and
Electronics Security Healthcare Services Total
Balance at September 30, 2004 ............ $7,433 $8,078 $6,123 $3,166 $24,800
Purchase accounting adjustments(1) ......... (34) (54) (161) 2 (247)
Acquisitions .......................... 2 4 12 — 18
Divestitures .......................... — (5) — — (5)
Held for sale ......................... — (2) — — (2)
Currency translation .................... (6) 11 (1) (11) (7)
Balance at September 30, 2005 ............ 7,395 8,032 5,973 3,157 24,557
Purchase accounting adjustments(1) ......... — (63) (15) 3 (75)
Acquisitions .......................... 6 9 151 1 167
Divestitures .......................... — (7) (12) — (19)
Currency translation .................... 22 113 16 77 228
Balance at September 29, 2006 ............ $7,423 $8,084 $6,113 $3,238 $24,858
(1) Adjustments to previously completed acquisitions primarily related to income tax matters.
There were no goodwill impairments related to continuing operations during 2006, 2005 and 2004.
Intangible assets, net were $5,128 million and $5,085 million at September 29, 2006 and
September 30, 2005, respectively. The following table sets forth the gross carrying amount and
2006 Financials 121