ADT 2011 Annual Report Download - page 264

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
24. Property, Plant and Equipment
Property, plant and equipment consisted of the following ($ in millions):
September 30, September 24,
2011 2010
Land ...................................... $ 143 $ 154
Buildings ................................... 760 816
Subscriber systems ............................ 6,464 6,085
Machinery and equipment ....................... 2,256 2,457
Property under capital leases(1) ................... 62 62
Construction in progress ........................ 158 154
Accumulated depreciation(2) ...................... (5,792) (5,572)
Property, Plant and Equipment, net .............. $4,051 $ 4,156
(1) Property under capital leases consists primarily of buildings.
(2) Accumulated amortization of capital lease assets was $40 million and $34 million as of
September 30, 2011 and September 24, 2010, respectively.
25. Summarized Quarterly Financial Data (Unaudited)
Summarized quarterly financial data for the years ended September 30, 2011 and September 24,
2010 is as follows ($ in millions, except per share data):
2011
1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr.
Revenue ........................................... $4,379 $3,992 $4,293 $4,691
Gross Profit ........................................ 1,629 1,548 1,653 1,780
Income from continuing operations attributable to Tyco common
shareholders ...................................... 490 319 364 392
Income (loss) from discontinued operations, net of income taxes . . 169 (4) (5) 8
Net income attributable to Tyco common shareholders ......... $ 659 $ 315 $ 359 $ 400
Basic earnings per share attributable to Tyco common
shareholders:
Income from continuing operations ...................... $ 1.00 $ 0.68 $ 0.78 $ 0.84
Income (loss) from discontinued operations, net of income taxes 0.35 (0.01) (0.01) 0.02
Net income attributable to Tyco common shareholders ........ $ 1.35 $ 0.67 $ 0.77 $ 0.86
Diluted earnings per share attributable to Tyco common
shareholders:
Income from continuing operations ...................... $ 1.00 $ 0.67 $ 0.76 $ 0.83
Income (loss) from discontinued operations, net of income taxes 0.34 (0.01) — 0.02
Net income attributable to Tyco common shareholders ........ $ 1.34 $ 0.66 $ 0.76 $ 0.85
2011 Financials 161