ADT 2006 Annual Report Download - page 213
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TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
23. Consolidated Segment and Geographic Data
The Company’s segments are strategic business units that operate in different industries and are
managed separately. Certain corporate expenses were allocated to each segment’s operating income,
based generally on net revenues.
The Company operates in the following business segments:
• Electronics designs, manufactures and distributes electrical and electronic components and
related solutions;
• Fire and Security designs, manufactures, installs, monitors and services electronic security and
fire protection systems;
• Healthcare designs, manufactures and distributes medical devices and supplies, imaging agents,
pharmaceuticals and adult incontinence and infant care products; and
• Engineered Products and Services designs, manufactures, distributes and services engineered
products, including industrial valves and controls as well as steel tubular goods, and provides
consulting, engineering and construction management and operating services.
The segment and geographic data presented have been reclassified to exclude the results of
discontinued operations. Also, the operating results of the TGN business were presented within
Corporate until its sale in the third quarter of 2005.
Selected information by business segment is presented in the following tables for 2006, and 2005
and 2004, as restated ($ in millions):
2006 2005 2004
Net revenue(2):
Electronics ................................ $12,724 $11,774 $11,371
Fire and Security ............................ 11,653 11,503 11,447
Healthcare ................................ 9,641 9,543 9,110
Engineered Products and Services ............... 6,942 6,456 6,007
Corporate(1) ............................... — 29 25
$40,960 $39,305 $37,960
(1) Related to the TGN business.
(2) Revenue by operating segment excludes intercompany transactions.
2006 Financials 151