ADT 2012 Annual Report Download - page 171
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Aggregate annual maturities of long-term debt and capital lease obligations are as follows ($ in millions):
Fiscal 2013 ......................................... $ 6
Fiscal 2014 ......................................... 6
Fiscal 2015 ......................................... 6
Fiscal 2016 ......................................... 6
Fiscal 2017 ......................................... 756
Thereafter .......................................... 1,777
Total .............................................. 2,557
Less amount representing discount on notes ........... 11
Less amount representing interest on capital leases ...... 19
Total .............................................. 2,527
Less current maturities of long-term debt ............. 2
Total long-term debt .................................. $2,525
6. Income Taxes
Prior to the Separation, the Company’s operating results were included in Tyco’s various consolidated U.S.
federal and state income tax returns, as well as non-U.S. tax filings in Canada and certain U.S. territories. For
purposes of the Company’s Consolidated and Combined Financial Statements for periods prior to the Separation,
income tax expense has been recorded as if the Company filed tax returns on a standalone basis separate from
Tyco. The Separate Return Method applies the accounting guidance for income taxes to the standalone financial
statements as if the Company was a separate taxpayer and a standalone enterprise for the periods prior to
September 28, 2012.
Significant components of income before income taxes for the years ended September 28, 2012,
September 30, 2011 and September 24, 2010 are as follows ($ in millions):
2012 2011 2010
United States ........................................... $581 $543 $336
Non-U.S. .............................................. 49 61 62
$630 $604 $398
Significant components of the income tax provision for the years ended September 28, 2012, September 30,
2011 and September 24, 2010 are as follows ($ in millions):
2012 2011 2010
Current:
United States: ......................................
Federal ........................................ $170 $228 $169
State .......................................... 36 33 35
Non-U.S. .......................................... 8 20 16
Current income tax provision .............................. $214 $281 $220
Deferred:
United States: ......................................
Federal ........................................ $ 21 $(50) $ (60)
State .......................................... (6) — 1
Non-U.S. .......................................... 7 (3) (2)
Deferred income tax provision ......................... 22 (53) (61)
$236 $228 $159
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