ADT 2010 Annual Report Download - page 213

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
13. Financial Instruments (Continued)
September 25, 2009
($ in millions) Level 1 Level 2 Total
Assets
Available-for-Sale Securities:
Corporate debt securities ............................... $— $104 $104
U.S. Government debt securities .......................... 60 171 231
Other debt securities ................................... — 5 5
Total ................................................ $60 $280 $340
During 2010 and 2009, the Company did not have any significant transfers within the fair value
hierarchy.
Other
The Company had $3.0 billion and $3.0 billion of intercompany loans designated as permanent in
nature as of September 24, 2010 and September 25, 2009, respectively. For the fiscal years ended
September 24, 2010 and September 25, 2009, the Company recorded $24 million and nil, respectively,
of cumulative translation loss through accumulated other comprehensive loss related to these loans.
14. Commitments and Contingencies
The Company has facility, vehicle and equipment leases that expire at various dates through the
year 2027. Rental expense under these leases was $375 million, $386 million and $409 million for 2010,
2009 and 2008, respectively. The Company also has facility and equipment commitments under capital
leases. Following is a schedule of minimum lease payments for non-cancelable leases as of
September 24, 2010 ($ in millions):
Operating Capital
Leases Leases
2011 .................................................... $254 $22
2012 .................................................... 194 6
2013 .................................................... 131 5
2014 .................................................... 86 6
2015 .................................................... 56 6
Thereafter ............................................... 155 35
$876 $80
Less: amount representing interest .............................. 2
Total minimum lease payments ............................... $78
The Company also has purchase obligations related to commitments to purchase certain goods and
services. As of September 24, 2010, such obligations were as follows: $488 million in 2011, $6 million in
2012 and $3 million thereafter.
2010 Financials 125