ADT 2008 Annual Report Download - page 104

PART I
Item 1. Business
General
Tyco International Ltd. (hereinafter referred to as ‘‘we,’’ the ‘‘Company’’ or ‘‘Tyco’’) is a diversified,
global company that provides products and services to customers in more than 60 countries. Tyco is a
leading provider of security products and services, fire protection and detection products and services,
valves and controls and other industrial products. We report financial and operating information in the
following five segments:
•ADT Worldwide designs, sells, installs, services and monitors electronic security systems for
residential, commercial, industrial and governmental customers.
•Flow Control designs, manufactures, sells and services valves, pipes, fittings, valve automation and
heat tracing products for the water and wastewater markets, the oil, gas and other energy
markets along with general process industries.
•Fire Protection Services designs, sells, installs and services fire detection and fire suppression
systems for commercial, industrial and governmental customers.
•Electrical and Metal Products designs, manufactures and sells galvanized steel tubing, armored
wire and cable and other metal products for non-residential construction, electrical, fire and
safety and mechanical customers.
•Safety Products designs, manufactures and sells fire protection, security and life safety products,
including fire suppression products, breathing apparatus, intrusion security, access control and
video management systems. In addition, Safety Products manufactures products installed and
serviced by ADT Worldwide and Fire Protection Services.
We also provide general corporate services to our segments and these costs are reported as
Corporate and Other.
Net revenue by segment for 2008 is as follows ($ in billions):
Percent of
Total
Net
Net Revenue Revenue Key Brands
ADT Worldwide ................ $ 8.0 40% ADT, Sensormatic
Flow Control ................... 4.4 22 Keystone, Vanessa
Fire Protection Services ........... 3.6 18 SimplexGrinnell, Wormald
Electrical and Metal Products ....... 2.3 11 Allied Tube & Conduit, AFC Cable
Safety Products ................. 1.9 9 Scott, Ansul
$20.2 100%
Unless otherwise indicated, references in this Annual Report to 2008, 2007 and 2006 are to Tyco’s
fiscal years ended September 26, 2008, September 28, 2007 and September 29, 2006, respectively.
History and Development
Tyco International Ltd.
Tyco International Ltd. is a Company organized under the laws of Bermuda. The Company was
created as a result of the July 1997 acquisition of Tyco International Ltd., a Massachusetts corporation,
by ADT Limited, a public company organized under the laws of Bermuda, at which time ADT Limited
changed its name to Tyco International Ltd. On June 29, 2007, Tyco International Ltd. completed the
2008 Financials 1