ADT 2009 Annual Report Download - page 289

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
As Reported (GAAP) $ 1,941 $ ( 286 ) $ ( 224 ) $ ( 335 ) $ ( 1 ) $ 1,095 $ 2.25
Restructuring and asset impairment charges, net 225 ( 65 ) 160 0.33
Restructuring charges in cost of sales and SG&A 28 ( 9 ) 19 0.04
Losses on divestitures 1 1 —
Goodwill impairment 9 9 0.02
Tax items 21 21 0.04
Class-action settlement, net ( 10 ) ( 10 ) ( 0.02 )
Legacy legal items 29 29 0.06
Reserve adjustment ( 9 ) 3 (6 ) ( 0.02 )
Separation costs 5 47 225 ( 102 ) 175 0.36
TOTAL BEFORE SPECIAL ITEMS $ 2,219 $ ( 239 ) $ 1 $ ( 487 ) $ ( 1 ) $ 1,493 $ 3.06
2009 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
As Reported (GAAP) $ (1,487) $ ( 257 ) $ ( 7 ) $ ( 78 ) $ ( 4 ) $ (1,833) $ (3.87)
Restructuring and asset impairment charges, net 205 ( 54 ) 151 0.32
Restructuring charges in cost of sales and SG&A 33 ( 11 ) 22 0.05
Other additional charges resulting from restructuring actions 15 (4) 11 0.02
Losses on divestitures 14 (3) 11 0.03
Intangible impairments 64 (25) 39 0.08
Goodwill impairments 2,641 (41) 2,600 5.47
Tax items 3 3 0.01
Legacy legal items 114 4 118 0.25
TOTAL BEFORE SPECIAL ITEMS $ 1,599 $ ( 257 ) $ (7) $ ( 209 ) $ ( 4 ) $ 1,122 $ 2.36
2007 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
As Reported (GAAP) $ ( 1,732 ) $ ( 209 ) $ ( 255 ) $ ( 324 ) $ ( 4 ) $ ( 2,524 ) $ ( 5.10 )
Restructuring and asset impairment charges, net 199 ( 66 ) 133 0.26
Restructuring charges in cost of sales and SG&A 7 ( 1 ) 6 0.01
Losses on divestitures 4 ( 1 ) 3 —
Goodwill impairment 46 46 0.09
Tax items ( 63 ) ( 63 ) ( 0.12 )
Class-action settlement, net* 2,871 2,871 5.81
Separation and related costs** 118 259 92 469 0.93
Voluntary replacement program 10 ( 3 ) 7 0.01
TOTAL 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.