ADT 2007 Annual Report Download - page 193

TYCO INTERNATIONAL LTD.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Years Ended September 28, 2007, September 29, 2006 and September 30, 2005
(in millions)
Common Accumulated
Number of Shares Other
Common $0.80 Par Share Contributed Accumulated Comprehensive
Shares Value Premium Surplus, Net Earnings Income Total
Balance at September 30, 2004 ................. 503 $402 $8,315 $15,569 $ 5,594 $ 519 $30,399
Comprehensive income:
Net income ........................... 3,094 3,094
Currency translation ...................... (56) (56)
Unrealized loss on marketable securities and derivative
instruments, net of income taxes ............. (3) (3)
Minimum pension liability, net of income taxes ...... (200) (200)
Total comprehensive income ................. $ 2,835
Dividends declared ........................ (805) (805)
Restricted share grants, net of forfeitures ........... 1 1 (1) —
Share options exercised, including tax benefit of $110 .... 3 2 223 110 335
Repurchase of common shares by subsidiary ......... (3) (2) (298) (300)
Compensation expense ...................... 101 101
Exchange of convertible debt .................. — 25 25
Reporting calendar alignment, net of income taxes ..... 26 26
Other ............................... 2 1 3
Balance at September 30, 2005 ................. 504 403 8,540 15,507 7,909 260 32,619
Comprehensive income:
Net income ........................... 3,590 3,590
Currency translation ...................... 606 606
Unrealized gain on marketable securities and derivative
instruments, net of income taxes ............. 22
Minimum pension liability, net of income taxes ...... 149 149
Total comprehensive income ................. $ 4,347
Dividends declared ........................ (807) (807)
Restricted share grants, net of forfeitures ........... 1 1 (1) —
Share options exercised, including tax expense of $13 .... 4 2 247 (13) 236
Repurchase of common shares by subsidiary ......... (24) (19) (2,525) (2,544)
Compensation expense ...................... 281 281
Exchange of convertible debt .................. 13 11 1,224 1,235
Other ............................... 20 20
Balance at September 29, 2006 ................. 498 398 8,787 14,493 10,692 1,017 35,387
Comprehensive income:
Net loss ............................. (1,742) (1,742)
Currency translation ...................... 883 883
Unrealized gain on marketable securities and derivative
instruments, net of income taxes ............. 33
Minimum pension liability, net of income taxes ...... 249 249
Total comprehensive income ................. $ (607)
Dividends declared ........................ (668) (668)
Share options exercised, including tax benefit of $23 .... 5 4 402 23 429
Repurchase of common shares by subsidiary ......... (7) (5) (722) (727)
Compensation expense ...................... 295 295
Exchange of convertible debt .................. 1 1
Distribution of Covidien and Tyco Electronics ........ (8,651) (8,248) (1,476) (18,375)
Initial adoption of SFAS No. 158, net of income taxes (see
Note 17) ............................ (111) (111)
Balance at September 28, 2007 ................. 496 $397 $9,189 $ 5,439 $ 34 $ 565 $15,624
See Notes to Consolidated Financial Statements.
2007 Financials 101