ADT 2010 Annual Report Download - page 143

repayments of long-term debt were $962 million, which primarily related to the redemption of all of the
6.375% public notes due 2011, 7% notes due 2028, and 6.875% notes due 2029. The repayments of
long-term debt were more than offset by approximately $1.0 billion of proceeds received from the
issuance of long-term debt.
Pursuant to our share repurchase program, we may repurchase Tyco shares from time to time in
open market purchases at prevailing market prices, in negotiated transactions off the market, or
pursuant to an approved 10b5-1 trading plan in accordance with applicable regulations. During the year
ended September 24, 2010, we repurchased approximately 24 million common shares of the remaining
$900 million authorized under our $1.0 billion share repurchase program approved by our board of
directors on July 10, 2008. See Note 16 to the Consolidated Financial Statements. On September 8,
2010, the Board of Directors approved a new $1.0 billion share repurchase program (‘‘2010 Share
Repurchase Program’’).
On March 10, 2010, our shareholders approved an annual dividend on our common shares of
CHF 0.90 per share, which is being paid in the form of a return on capital in four installments of
CHF 0.22, CHF 0.22, CHF 0.23 and CHF 0.23 through February 2011. During 2010, 2009 and 2008 we
paid cash dividends of approximately $416 million, $388 million and $292 million, respectively.
Management believes that cash generated by or available to us should be sufficient to fund our
capital and liquidity needs for the foreseeable future, including quarterly dividend payments and share
repurchases.
2010 Financials 55