ADT 2007 Annual Report Download - page 260

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
25. Tyco International Finance S.A. (Continued)
CONSOLIDATING STATEMENT OF OPERATIONS
For the Year Ended September 29, 2006
($ in millions)
Tyco Tyco
International International Other Consolidating
Ltd. Group S.A. Subsidiaries Adjustments Total
Net revenue ..................... $ — $ — $17,336 $ — $17,336
Cost of product sales .............. — — 7,874 — 7,874
Cost of services .................. — — 3,553 — 3,553
Selling, general and administrative
expenses ...................... (15) 56 4,434 — 4,475
Separation costs .................. 17 — 32 — 49
Restructuring and asset impairment
charges, net ................... — — 13 — 13
Losses on divestitures .............. — — 2 — 2
Operating (loss) income .......... (2) (56) 1,428 — 1,370
Interest income .................. 1 11 31 — 43
Interest expense .................. — (254) (25) — (279)
Equity in net income of subsidiaries .... 2,171 574 — (2,745) —
Intercompany interest and fees ....... (1,361) 572 789 — —
Income from continuing operations
before income taxes and minority
interest ..................... 809 847 2,223 (2,745) 1,134
Income taxes .................... — (82) (228) — (310)
Minority interest .................. — — (1) — (1)
Income from continuing operations . . 809 765 1,994 (2,745) 823
Income from discontinued operations,
net of income taxes .............. 2,781 2,747 3,055 (5,802) 2,781
Income before cumulative effect of
accounting change ............. 3,590 3,512 5,049 (8,547) 3,604
Cumulative effect of accounting change,
net of income taxes .............. — — (14) — (14)
Net income .................... $3,590 $3,512 $ 5,035 $(8,547) $ 3,590
168 2007 Financials