ADT 2011 Annual Report Download - page 183

TYCO INTERNATIONAL LTD.
CONSOLIDATED BALANCE SHEETS
As of September 30, 2011 and September 24, 2010
(in millions, except per share data)
September 30, September 24,
2011 2010
Assets
Current Assets:
Cash and cash equivalents ...................................... $1,390 $ 1,775
Accounts receivable, less allowance for doubtful accounts of $110 and $161,
respectively ............................................... 2,401 2,493
Inventories ................................................. 1,344 1,443
Prepaid expenses and other current assets ........................... 896 936
Deferred income taxes ......................................... 402 382
Assets held for sale ........................................... — 324
Total current assets ......................................... 6,433 7,353
Property, plant and equipment, net .................................. 4,051 4,156
Goodwill ................................................... 9,999 9,577
Intangible assets, net ........................................... 3,628 3,446
Other assets ................................................. 2,666 2,596
Total Assets .............................................. $26,777 $27,128
Liabilities and Equity
Current Liabilities:
Loans payable and current maturities of long-term debt .................. $ 2 $ 536
Accounts payable ............................................ 1,278 1,340
Accrued and other current liabilities ............................... 2,407 2,671
Deferred revenue ............................................ 643 618
Liabilities held for sale ........................................ — 103
Total current liabilities ....................................... 4,330 5,268
Long-term debt ............................................... 4,146 3,652
Deferred revenue .............................................. 1,143 1,106
Other liabilities ............................................... 2,878 3,001
Total Liabilities ............................................ 12,497 13,027
Commitments and contingencies (see Note 15)
Redeemable noncontrolling interest (see Note 20) ....................... 93 —
Tyco Shareholders’ Equity:
Common shares, CHF 6.70 par value, 825,222,070 shares authorized, 486,414,669
shares issued as of September 30, 2011; CHF 6.70 par value, 814,801,671 shares
authorized, 514,502,770 shares issued as of September 24, 2010 ........... 2,792 2,948
Common shares held in treasury, 21,790,502 and 26,097,158 shares, as of
September 30, 2011 and September 24, 2010, respectively ............... (951) (976)
Contributed surplus ............................................ 10,717 12,121
Accumulated earnings ........................................... 2,058 312
Accumulated other comprehensive loss ............................... (434) (321)
Total Tyco Shareholders’ Equity ................................. 14,182 14,084
Nonredeemable noncontrolling interest ............................... 5 17
Total Equity .............................................. 14,187 14,101
Total Liabilities, Redeemable Noncontrolling Interest and Equity .......... $26,777 $27,128
See Notes to Consolidated Financial Statements.
80 2011 Financials