ADT 2007 Annual Report Download - page 192

TYCO INTERNATIONAL LTD.
CONSOLIDATED BALANCE SHEETS
As of September 28, 2007 and September 29, 2006
(in millions, except share data)
2007 2006
Assets
Current Assets:
Cash and cash equivalents ........................................ $ 1,894 $ 2,193
Accounts receivable, less allowance for doubtful accounts of $195 and $203,
respectively ................................................. 3,010 2,748
Inventories ................................................... 1,835 1,619
Class action settlement escrow ..................................... 2,992 —
Prepaid expenses and other current assets ............................. 1,178 1,158
Deferred income taxes ........................................... 467 629
Assets of discontinued operations ................................... 969 34,224
Total current assets ............................................ 12,345 42,571
Property, plant and equipment, net ................................... 3,556 3,501
Goodwill ...................................................... 11,691 11,293
Intangible assets, net .............................................. 2,697 2,730
Other assets .................................................... 2,526 2,916
Total Assets ................................................... $32,815 $63,011
Liabilities and Shareholders’ Equity
Current Liabilities:
Loans payable and current maturities of long-term debt ................... $ 380 $ 771
Accounts payable ............................................... 1,715 1,557
Class action settlement liability ..................................... 2,992 —
Accrued and other current liabilities ................................. 2,921 3,012
Deferred revenue .............................................. 584 476
Liabilities of discontinued operations ................................ 509 7,997
Total current liabilities ......................................... 9,101 13,813
Long-term debt .................................................. 4,076 8,853
Deferred revenue ................................................ 1,194 1,200
Other liabilities .................................................. 2,753 3,704
Total Liabilities .............................................. 17,124 27,570
Commitments and contingencies (Note 16)
Minority interest ................................................. 67 54
Shareholders’ Equity:
Preference shares, $4 par value, 31,250,000 shares authorized, none outstanding .... — —
Common shares, $0.80 par value, 1,000,000,000 shares authorized; 496,301,846
and 498,030,095 shares outstanding, net of 1,277,449 and 26,245,695 shares
owned by subsidiaries, respectively ................................. 397 398
Capital in excess:
Share premium .............................................. 9,189 8,787
Contributed surplus, net ........................................ 5,439 14,493
Accumulated earnings ........................................... 34 10,692
Accumulated other comprehensive income ............................ 565 1,017
Total Shareholders’ Equity ...................................... 15,624 35,387
Total Liabilities and Shareholders’ Equity ........................... $32,815 $63,011
See Notes to Consolidated Financial Statements.
100 2007 Financials