ADT 2007 Annual Report Download - page 140

(4) Income from continuing operations for the year ended September 30, 2004 includes a charge of $59 million related to
divestitures, net restructuring and asset impairment charges of $272 million, and a loss of $113 million related to the
retirement of debt. Net income also includes a $2,477 million loss, net of income taxes, from discontinued operations.
(5) In 2003, Tyco consolidated variable interest entities in accordance with the transition provisions of FIN No. 46,
‘‘Consolidation of Variable Interest Entities.’’ As a result, Tyco recorded a cumulative effect adjustment of $75 million, net of
income taxes.
(6) Income from continuing operations for the year ended September 30, 2003 includes net restructuring charges of $6 million,
charges for the impairment of long-lived assets of $160 million, additional changes in estimates of $331 million which arose
from the Company’s intensified internal audits and detailed controls and operating reviews, a charge of $91 million for a
retroactive incremental premium on prior period directors and officers insurance and a loss related to the retirement of debt
of $51 million. Net income also includes $1,480 million of income, net of income taxes, from discontinued operations.
(7) On September 13, 2007 Tyco’s Board of Directors approved a quarterly dividend on the Company’s common shares of $0.15
per share payable on November 1, 2007 to shareholders of record of Tyco International Ltd. post Separation on October 1,
2007. On December 9, 2004, the Board of Directors approved an increase in the quarterly dividend on our common shares
from $0.05 to $0.40 per share. As a result, in 2005, Tyco paid a quarterly cash dividend of $0.05 per common share in the
first quarter of 2005 and $0.40 per common share thereafter. Prior to 2005, Tyco paid a quarterly cash dividend of $0.05 per
common share for all periods presented.
(8) The decrease in total assets, long-term debt and shareholders’ equity in 2007 is primarily related to the spin-offs of Covidien
and Tyco Electronics.
48 2007 Financials