ADT 2010 Annual Report Download - page 244

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 26, 2008
($ in millions)
Tyco Tyco
International International Other Consolidating
Ltd. Finance S.A. Subsidiaries Adjustments Total
Net revenue ..................... $ — $ — $19,733 $ — $19,733
Cost of product sales and services ..... — — 12,780 — 12,780
Selling, general and administrative
expenses ...................... 29 5 4,790 — 4,824
Goodwill and intangible asset
impairments ................... — — 10 — 10
Restructuring, asset impairment and
divestiture charges, net ........... — — 223 — 223
Operating (loss) income .......... (29) (5) 1,930 — 1,896
Interest income .................. 47 1 64 — 112
Interest expense .................. (47) (336) (13) — (396)
Other income (expense), net ......... 39 (252) (10) — (223)
Equity in net income of subsidiaries .... 2,519 1,485 — (4,004) —
Intercompany interest and fees ....... (1,467) 143 1,324 — —
Income from continuing operations
before income taxes ............ 1,062 1,036 3,295 (4,004) 1,389
Income tax benefit (expense) ......... — 159 (485) — (326)
Income from continuing operations . . 1,062 1,195 2,810 (4,004) 1,063
Income from discontinued operations,
net of income taxes .............. 491 498 495 (993) 491
Net income .................... 1,553 1,693 3,305 (4,997) 1,554
Less: noncontrolling interest in
subsidiaries net income ........... — — 1 — 1
Net income attributable to Tyco
common shareholders .......... $1,553 $1,693 $ 3,304 $(4,997) $ 1,553
156 2010 Financials