ADT 2015 Annual Report Download - page 174
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FORM 10-K
Accumulated Other Comprehensive (Loss) Income
The components of accumulated other comprehensive (loss) income reflected on the Consolidated Balance
Sheets are as follows ($ in millions):
Currency
Translation
Adjustments
Deferred
Pension
Losses(1)
Accumulated
Other
Comprehensive
(Loss) Income
Balance as of September 28, 2012 $ 117 $ (24) $ 93
Pre-tax current period change ............ (19) 10 (9)
Income tax expense .................... — (4) (4)
Balance as of September 27, 2013 98 (18) 80
Pre-tax current period change ............ (41) (1) (42)
Income tax benefit ..................... — — —
Balance as of September 26, 2014 57 (19) 38
Pre-tax current period change ............ (123) (9) (132)
Income tax benefit ..................... — 4 4
Balance as of September 25, 2015 $ (66) $ (24) $ (90)
(1) The balances of deferred pension losses as of September 25, 2015, September 26, 2014 and September 27,
2013 are reflected net of tax benefit of $16 million, $12 million and $11 million, respectively.
Other
During fiscal year 2013, the Company made adjustments to additional paid-in capital, which primarily
resulted from the receipt of $61 million in cash from Tyco and Pentair related to the allocation of funds in
accordance with the 2012 Separation and Distribution Agreement.
11. Earnings Per Share
Basic earnings per share is computed by dividing net income attributable to common shares by the weighted
average number of common shares outstanding for the period. Diluted earnings per share reflects the potential
dilution of securities that could participate in earnings, but not securities that are anti-dilutive. The computation
of basic and diluted earnings per share for fiscal years 2015, 2014 and 2013 are as follows:
(in millions, except per share amounts) 2015 2014 2013
Basic Earnings Per Share
Numerator:
Net income ....................................... $296 $304 $421
Denominator:
Basic weighted-average shares outstanding .............. 171 182 222
Basic earnings per share ................................. $1.73 $1.67 $1.90
Diluted Earnings Per Share
Numerator:
Net income ....................................... $296 $304 $421
Denominator:
Basic weighted-average shares outstanding .............. 171 182 222
Effect of dilutive securities:
Stock options .............................111
Restricted stock ........................... — — 1
Diluted weighted-average shares outstanding ............ 172 183 224
Diluted earnings per share ............................... $1.72 $1.66 $1.88
100