ADT 2008 Annual Report Download - page 282

2006 INCOME FROM CONTINUING OPERATIONS BEFORE SPECIAL ITEMS
DILUTED
INCOME FROM EPS FROM
OPERATING INTEREST OTHER INCOME MINORITY CONTINUING CONTINUING
( IN US$ MILLIONS, EXCEPT PER SHARE DATA ) INCOME EXPENSE, NET EXPENSE, NET TAXES INTEREST OPERATIONS OPERATIONS
OPERATING INCOME ( LOSS ) $ 1,355 $ ( 233 ) — $ ( 304 ) $ ( 1 ) $ 817 $ 1.59
Separation costs 49 ( 10 ) 39 0.07
Losses on divestitures 2 2 0.01
Reduction in estimated workers’ compensation liabilities ( 48 ) 18 ( 30 ) ( 0.06 )
Voluntary replacement program 100 ( 38 ) 62 0.12
Former management settlement ( 72 ) ( 72 ) ( 0.14 )
OPERATING INCOME ( LOSS ) BEFORE SPECIAL ITEMS $ 1,386 $ ( 233 ) — $ ( 334 ) $ ( 1 ) $ 818 $ 1.59
2007 INCOME FROM CONTINUING OPERATIONS BEFORE SPECIAL ITEMS
DILUTE
INCOME FROM EPS FROM
OPERATING INTEREST OTHER INCOME MINORITY CONTINUING CONTINUING
( IN US$ MILLIONS, EXCEPT PER SHARE DATA ) INCOME EXPENSE, NET EXPENSE, NET TAXES INTEREST OPERATIONS OPERATIONS
OPERATING INCOME ( LOSS ) $ ( 1,732 ) $ ( 209 ) $ ( 255 ) $ ( 324 ) $ ( 4 ) $ ( 2,524 ) $ ( 5.10 )
Restructuring charges in cost of sales and SG&A 7 ( 1 ) 6 0.01
Class-action settlement, net* 2,871 2,871 5.81
Separation and related costs** 118 259 92 469 0.93
Losses on divestitures 4 ( 1 ) 3 —
Restructuring and asset impairment charges, net 199 ( 66 ) 133 0.26
Goodwill impairment 46 46 0.09
Tax items ( 63 ) ( 63 ) ( 0.12 )
Voluntary replacement program 10 ( 3 ) 7 0.01
OPERATING INCOME ( LOSS ) BEFORE SPECIAL ITEMS $ 1,523 $ ( 209 ) $ 4 $ ( 366 ) $ ( 4 ) $ 948 $ 1.89
* Includes $9 million of costs included in selling, general and administrative expenses (SG&A).
** Includes $13 million of charges related to the accelerated vesting of restricted shares in connection with the separation. These charges are included in SG&A.
2008 INCOME FROM CONTINUING OPERATIONS BEFORE SPECIAL ITEMS
DILUTED
INCOME FROM EPS FROM
OPERATING INTEREST OTHER INCOME MINORITY CONTINUING CONTINUING
( IN US$ MILLIONS, EXCEPT PER SHARE DATA ) INCOME EXPENSE, NET EXPENSE, NET TAXES INTEREST OPERATIONS OPERATIONS
OPERATING INCOME ( LOSS ) $ 1,941 $ ( 286 ) $ ( 224 ) $ ( 335 ) $ ( 1 ) $ 1,095 $ 2.25
Restructuring charges in cost of sales and SG&A 28 ( 6 ) 22 0.04
Class-action settlement, net ( 10 ) ( 10 ) ( 0.02 )
Separation costs 5 47 225 ( 102 ) 175 0.36
Losses on divestitures 1 1 —
Restructuring and asset impairment charges, net 225 ( 65 ) 160 0.33
Goodwill impairment 9 9 0.02
Tax items 21 21 0.04
Reserve adjustment ( 9 ) ( 9 ) ( 0.02 )
Legacy legal settlement 29 29 0.06
OPERATING INCOME ( LOSS ) BEFORE SPECIAL ITEMS $ 2,219 $ ( 239 ) $ 1 $ ( 487 ) $ ( 1 ) $ 1,493 $ 3.06