ADT 2009 Annual Report Download - page 254

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
22. Inventory
Inventories consisted of the following ($ in millions):
September 25, September 26,
2009 2008
Purchased materials and manufactured parts ......... $ 514 $ 681
Work in process .............................. 207 272
Finished goods ............................... 722 924
Inventories ................................ $1,443 $1,877
Inventories are recorded at the lower of cost (primarily first-in, first-out) or market value.
23. Property, Plant and Equipment
Property, plant and equipment consisted of the following ($ in millions):
September 25, September 26,
2009 2008
Land ...................................... $ 156 $ 151
Buildings ................................... 788 754
Subscriber systems ............................ 5,309 5,102
Machinery and equipment ....................... 2,398 2,303
Property under capital leases(1) ................... 62 70
Construction in progress ........................ 164 132
Accumulated depreciation(2) ...................... (5,380) (5,019)
Property, plant and equipment, net ............... $3,497 $ 3,493
(1) Property under capital leases consists primarily of buildings.
(2) Accumulated amortization of capital lease assets was $28 million and $23 million as of September 25, 2009 and
September 26, 2008, respectively.
162 2009 Financials