ADT 2011 Annual Report Download - page 267

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
26. Tyco International Finance S.A. (Continued)
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
For the Year Ended September 24, 2010
($ in millions)
Tyco Tyco
International International Other Consolidating
Ltd. Finance S.A. Subsidiaries Adjustments Total
Net revenue ..................... $ — $ — $17,016 $ — $17,016
Cost of product sales and services ..... — — 10,736 — 10,736
Selling, general and administrative
expenses ...................... 15 2 4,569 — 4,586
Restructuring, asset impairment and
divestiture charges, net ........... — — 96 — 96
Operating (loss) income .......... (15) (2) 1,615 — 1,598
Interest income .................. — — 31 — 31
Interest expense .................. — (278) (6) — (284)
Other income (expense), net ......... 8 (87) 4 — (75)
Equity in net income of subsidiaries .... 2,513 1,149 — (3,662) —
Intercompany interest and fees ....... (1,374) 347 1,027 — —
Income from continuing operations
before income taxes ............ 1,132 1,129 2,671 (3,662) 1,270
Income tax benefit (expense) ......... — 8 (146) — (138)
Income from continuing operations . . 1,132 1,137 2,525 (3,662) 1,132
Income from discontinued operations,
net of income taxes .............. — — 7 — 7
Net income .................... 1,132 1,137 2,532 (3,662) 1,139
Less: noncontrolling interest in
subsidiaries net income ........... — — 7 — 7
Net income attributable to Tyco
common shareholders .......... $1,132 $1,137 $ 2,525 $(3,662) $ 1,132
164 2011 Financials