ADT 2009 Annual Report Download - page 176

TYCO INTERNATIONAL LTD.
CONSOLIDATED BALANCE SHEETS
As of September 25, 2009 and September 26, 2008
(in millions, except share data)
2009 2008
Assets
Current Assets:
Cash and cash equivalents ........................................ $ 2,354 $ 1,519
Accounts receivable, less allowance for doubtful accounts of $173 and $173,
respectively ................................................. 2,629 2,986
Inventories ................................................... 1,443 1,877
Prepaid expenses and other current assets ............................. 972 1,238
Deferred income taxes ........................................... 413 541
Assets held for sale ............................................. 156 268
Total current assets ............................................ 7,967 8,429
Property, plant and equipment, net ................................... 3,497 3,493
Goodwill ...................................................... 8,791 11,619
Intangible assets, net .............................................. 2,647 2,681
Other assets .................................................... 2,651 2,582
Total Assets ................................................... $25,553 $28,804
Liabilities and Shareholders’ Equity
Current Liabilities:
Loans payable and current maturities of long-term debt ................... $ 245 $ 555
Accounts payable ............................................... 1,244 1,608
Accrued and other current liabilities ................................. 2,476 2,717
Deferred revenue .............................................. 590 594
Liabilities held for sale ........................................... 161 211
Total current liabilities ......................................... 4,716 5,685
Long-term debt .................................................. 4,029 3,709
Deferred revenue ................................................ 1,134 1,187
Other liabilities .................................................. 2,720 2,715
Total Liabilities .............................................. 12,599 13,296
Commitments and contingencies (See Note 15)
Minority interest ................................................. 13 14
Shareholders’ Equity (See Note 17)
Preference shares, Nil as of September 25, 2009 and $4 par value, 31,250,000
shares authorized, none outstanding as of September 26, 2008 ............ — —
Common shares, CHF 7.60 par value, 814,801,671 shares authorized; 479,346,720
shares outstanding as of September 25, 2009; $0.80 par value, 1,000,000,000
shares authorized; 477,667,844 shares issued, net of 21,952,786 shares owned
by subsidiaries as of September 26, 2008 ............................ 3,122 382
Common shares held in treasury, 5,182,984 and 4,882,081 shares, as of
September 25, 2009 and September 26, 2008, respectively ................ (214) (192)
Capital in excess:
Share premium .............................................. — 9,236
Contributed surplus ........................................... 10,940 4,711
Accumulated (deficit) earnings ..................................... (820) 1,125
Accumulated other comprehensive (loss) income ........................ (87) 232
Total Shareholders’ Equity ...................................... 12,941 15,494
Total Liabilities and Shareholders’ Equity ........................... $25,553 $28,804
See Notes to Consolidated Financial Statements.
84 2009 Financials