ADT 2011 Annual Report Download - page 104

PART I
Item 1. Business
General
Tyco International Ltd. (hereinafter referred to as ‘‘we,’’ the ‘‘Company’’ or ‘‘Tyco’’) is a
diversified, global company that provides products and services to customers in various countries
throughout the world. Tyco is a leading provider of security products and services, fire protection and
detection products and services, valves and controls, and other industrial products. We operate and
report financial and operating information in the following three segments:
•Tyco Security Solutions designs, sells, installs, services and monitors electronic security systems for
residential, educational, commercial, governmental and industrial customers. In addition, Tyco
Security Solutions designs, manufactures and sells security products including intrusion, access
control and video management systems.
•Tyco Fire Protection designs, manufactures, sells, installs and services fire detection and fire
suppression systems and building and life safety products for commercial, industrial and
governmental customers.
•Tyco Flow Control designs, manufactures, sells and services valves, pipes, fittings, automation and
controls, valve automation and heat tracing products for general process, energy and mining
markets as well as the water and wastewater markets.
We also provide general corporate services to our segments and these costs are reported as
Corporate and Other.
Net revenue by segment for 2011 is as follows ($ in billions):
Percent of
Total
Net Net
Revenue Revenue Key Brands
Tyco Security Solutions ..... $ 8.6 49% ADT, Sensormatic, Software House, American
Dynamics, DSC, Bentel
Tyco Fire Protection ....... 4.8 28% SimplexGrinnell, Wormald, Scott, Dong Bang, Ansul,
Grinnell
Tyco Flow Control ........ 3.6 21% Keystone, Vanessa
Electrical and Metal Products 0.4 2% Allied Tube & Conduit, AFC Cable Systems
$17.4 100%
Unless otherwise indicated, references in this Annual Report to 2011, 2010 and 2009 are to Tyco’s
fiscal years ended September 30, 2011, September 24, 2010 and September 25, 2009, respectively. The
Company has a 52 or 53-week fiscal year that ends on the last Friday in September. Fiscal 2011 is a
53-week year. Fiscal years 2010 and 2009 were both 52-week years.
History and Development
Tyco International Ltd.
Tyco International Ltd. is a Company organized under the laws of Switzerland. The Company was
created as a result of the July 1997 acquisition of Tyco International Ltd., a Massachusetts corporation,
by ADT Limited, a public company organized under the laws of Bermuda, at which time ADT Limited
changed its name to Tyco International Ltd. Effective March 17, 2009, following shareholder and Board
of Director approval on March 12, 2009, the Company ceased to exist as a Bermuda corporation and
2011 Financials 1