ADT 2008 Annual Report Download - page 200

TYCO INTERNATIONAL LTD.
CONSOLIDATED BALANCE SHEETS
As of September 26, 2008 and September 28, 2007
(in millions, except share data)
2008 2007
Assets
Current Assets:
Cash and cash equivalents ........................................ $ 1,519 $ 1,894
Accounts receivable, less allowance for doubtful accounts of $212 and $193,
respectively ................................................. 2,987 2,900
Inventories ................................................... 1,865 1,783
Class action settlement escrow ..................................... — 2,992
Prepaid expenses and other current assets ............................. 1,257 1,157
Deferred income taxes ........................................... 529 458
Assets held for sale ............................................. 384 1,385
Total current assets ............................................ 8,541 12,569
Property, plant and equipment, net ................................... 3,503 3,526
Goodwill ...................................................... 11,498 11,499
Intangible assets, net .............................................. 2,655 2,653
Other assets .................................................... 2,607 2,568
Total Assets ................................................... $28,804 $32,815
Liabilities and Shareholders’ Equity
Current Liabilities:
Loans payable and current maturities of long-term debt ................... $ 555 $ 380
Accounts payable ............................................... 1,611 1,637
Class action settlement liability ..................................... — 2,992
Accrued and other current liabilities ................................. 2,756 2,869
Deferred revenue .............................................. 607 583
Liabilities held for sale ........................................... 128 662
Total current liabilities ......................................... 5,657 9,123
Long-term debt .................................................. 3,709 4,082
Deferred revenue ................................................ 1,189 1,194
Other liabilities .................................................. 2,741 2,725
Total Liabilities .............................................. 13,296 17,124
Commitments and contingencies (Note 16)
Minority interest ................................................. 14 67
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; 477,667,844
and 496,301,846 shares outstanding, net of 21,952,786 and 1,277,449 shares
owned by subsidiaries, respectively ................................. 382 397
Common shares held in treasury 4,882,081 and 0 shares, respectively ......... (192) —
Capital in excess:
Share premium .............................................. 9,236 9,189
Contributed surplus ........................................... 4,711 5,439
Accumulated earnings ........................................... 1,125 34
Accumulated other comprehensive income ............................ 232 565
Total Shareholders’ Equity ...................................... 15,494 15,624
Total Liabilities and Shareholders’ Equity ........................... $28,804 $32,815
See Notes to Consolidated Financial Statements.
2008 Financials 97