ADT 2008 Annual Report Download - page 272

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
24. 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 ..................... $ — $ — $17,066 $ — $17,066
Cost of product sales .............. — — 7,667 — 7,667
Cost of services .................. — — 3,555 — 3,555
Selling, general and administrative
expenses ...................... (15) 56 4,384 — 4,425
Separation costs .................. 17 — 32 — 49
Restructuring, asset impairment and
divestiture charges, net ........... — — 15 — 15
Operating (loss) income .......... (2) (56) 1,413 — 1,355
Interest income .................. 1 11 34 — 46
Interest expense .................. — (254) (25) — (279)
Equity in net income of subsidiaries .... 2,165 659 — (2,824) —
Intercompany interest and fees ....... (1,361) 572 789 — —
Income from continuing operations
before income taxes and minority
interest ..................... 803 932 2,211 (2,824) 1,122
Income taxes .................... — (82) (222) — (304)
Minority interest .................. — — (1) — (1)
Income from continuing operations . . 803 850 1,988 (2,824) 817
Income from discontinued operations,
net of income taxes .............. 2,787 2,784 3,061 (5,845) 2,787
Income before cumulative effect of
accounting change ............. 3,590 3,634 5,049 (8,669) 3,604
Cumulative effect of accounting change,
net of income taxes .............. — — (14) — (14)
Net income .................... $3,590 $3,634 $ 5,035 $(8,669) $ 3,590
2008 Financials 169