ADT 2010 Annual Report Download - page 147

expansion, backlog, the consummation and benefits of acquisitions and divestitures, as well as
financings and repurchases of debt or equity securities, are subject to known and unknown risks,
uncertainties and contingencies. Many of these risks, uncertainties and contingencies are beyond our
control, and may cause actual results, performance or achievements to differ materially from
anticipated results, performances or achievements. Factors that might affect such forward-looking
statements include, among other things:
• overall economic and business conditions;
• the demand for Tyco’s goods and services;
• competitive factors in the industries in which Tyco competes;
• changes in tax requirements (including tax rate changes, new tax laws or treaties and revised tax
law interpretations);
• results and consequences of Tyco’s internal investigations and governmental investigations
concerning the Company’s governance, management, internal controls and operations including
its business operations outside the United States;
• the outcome of litigation, arbitrations and governmental proceedings;
• effect of income tax audit settlement and appeals;
• our ability to repay or refinance our outstanding indebtedness as it matures;
• our ability to operate within the limitations imposed by financing arrangements and to maintain
our credit ratings;
• interest rate fluctuations and other changes in borrowing costs;
• other capital market conditions, including availability of funding sources and currency exchange
rate fluctuations;
• availability of and fluctuations in the prices of key raw materials, including steel and copper;
• economic and political conditions in international markets, including governmental changes and
restrictions on the ability to transfer capital across borders;
• the ability to achieve cost savings in connection with the Company’s strategic restructuring and
Six Sigma initiatives;
• our ability to execute our portfolio refinement and acquisition strategies;
• potential further impairment of our goodwill, intangibles and/or our long-lived assets;
• the impact of fluctuations in the price of Tyco common shares;
• risks associated with the change in our Swiss incorporation, including the possibility of reduced
flexibility with respect to certain aspects of capital management, increased or different regulatory
burdens, and the possibility that we may not realize anticipated tax benefits;
• changes in U.S. and non-U.S. government laws and regulations; and
• the possible effects on Tyco of future legislation in the United States that may limit or eliminate
potential U.S. tax benefits resulting from Tyco International’s Swiss incorporation or deny U.S.
government contracts to Tyco based upon its Swiss incorporation.
2010 Financials 59