ADT 2010 Annual Report Download - page 243

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
24. Tyco International Finance S.A. (Continued)
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
For the Year Ended September 25, 2009
($ in millions)
Tyco Tyco
International International Other Consolidating
Ltd. Finance S.A. Subsidiaries Adjustments Total
Net revenue ..................... $ — $ — $16,882 $ — $16,882
Cost of product sales and services ..... — — 10,870 — 10,870
Selling, general and administrative
expenses ...................... 152 5 4,442 — 4,599
Goodwill and intangible asset
impairments ................... — — 2,705 — 2,705
Restructuring, asset impairment and
divestiture charges, net ........... 4 — 210 — 214
Operating loss ................. (156) (5) (1,345) — (1,506)
Interest income .................. — — 44 — 44
Interest expense .................. — (288) (13) — (301)
Other (expense) income, net ......... (13) 2 4 — (7)
Equity in net loss of subsidiaries ...... (251) (1,444) — 1,695 —
Intercompany interest and fees ....... (1,425) 129 1,296 — —
Loss from continuing operations
before income taxes ............ (1,845) (1,606) (14) 1,695 (1,770)
Income tax benefit (expense) ......... — 63 (134) — (71)
Loss from continuing operations .... (1,845) (1,543) (148) 1,695 (1,841)
Income from discontinued operations,
net of income taxes .............. 47 44 47 (91) 47
Net loss ...................... (1,798) (1,499) (101) 1,604 (1,794)
Less: noncontrolling interest in
subsidiaries net income ........... — — 4 — 4
Net loss attributable to Tyco common
shareholders ................. $(1,798) $(1,499) $ (105) $1,604 $(1,798)
2010 Financials 155