Exhibit 99.1
Earnings Per Share Summary
(Unaudited)
|
| Quarter Ended |
| Quarter Ended |
| Year Ended |
| ||||||||||||
|
| Dec. 24, 2011 |
| Dec. 24, 2010 |
| March 25, 2011 |
| June 24, 2011 |
| Sept. 30, 2011 |
| Sept. 30, 2011 |
| ||||||
Diluted EPS from Continuing Operations Attributable to Tyco Shareholders (GAAP) |
| $ | 0.71 |
| $ | 1.00 |
| $ | 0.67 |
| $ | 0.76 |
| $ | 0.83 |
| $ | 3.27 |
|
expense / (benefit) |
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Restructuring, net |
| 0.02 |
| 0.04 |
| 0.02 |
| 0.04 |
| 0.02 |
| 0.13 |
| ||||||
Acquisition costs |
| 0.01 |
| 0.01 |
| 0.01 |
| 0.02 |
| 0.02 |
| 0.06 |
| ||||||
Asset impairments and (gains) / losses on divestitures, net |
| 0.03 |
| (0.32 | ) | 0.03 |
| 0.01 |
| (0.04 | ) | (0.34 | ) | ||||||
Note receivable write-off |
| — |
| 0.01 |
| — |
| — |
| — |
| 0.01 |
| ||||||
Separation costs |
| 0.07 |
| — |
| — |
| — |
| 0.05 |
| 0.05 |
| ||||||
Legacy legal items |
| — |
| (0.01 | ) | — |
| — |
| 0.06 |
| 0.04 |
| ||||||
Tax items |
| — |
| 0.02 |
| — |
| 0.02 |
| (0.02 | ) | 0.02 |
| ||||||
Total Before Special Items |
| $ | 0.84 |
| $ | 0.75 |
| $ | 0.73 |
| $ | 0.85 |
| $ | 0.92 |
| $ | 3.24 |
|
Tyco International Ltd.
For the Quarter Ended December 30, 2011
(in millions, except per share data)
(Unaudited)
expense / (benefit)
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| ADT |
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| Commercial |
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| America |
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| Flow |
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| Fire and |
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| Corporate |
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| Residential |
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| Control |
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| Security |
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| and Other |
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| Revenue |
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Previously Reported Revenue (GAAP)(1) |
| $ | 2,155 |
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| $ | 923 |
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| $ | 1,130 |
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| $ | 4,208 |
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Segment Realignment |
| (1,362 | ) |
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| 1,362 |
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Recasted (GAAP) |
| $ | 793 |
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| $ | 923 |
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| $ | 2,492 |
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| $ | 4,208 |
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| Income |
| Diluted |
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| from |
| EPS from |
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| Operating Income |
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| Continuing |
| Continuing |
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| ADT |
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| Operations |
| Operations |
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| Commercial |
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| Total |
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| Noncontrolling |
| Attributable |
| Attributable |
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| America |
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| Flow |
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| Fire and |
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| Corporate |
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| Operating |
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| Interest |
| Other |
| Income |
| Interest |
| to Tyco |
| to Tyco |
| |||||||||||
|
| Residential |
| Margin |
| Control |
| Margin |
| Security |
| Margin |
| and Other |
| Margin |
| Income |
| Margin |
| (Expense), net |
| (Expense), net |
| Tax (Expense) |
| (Expense) |
| Shareholders |
| Shareholders |
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Previously Reported Operating Income (GAAP)(1) |
| $ | 339 |
| 15.7 | % | $ | 114 |
| 12.4 | % | $ | 144 |
| 12.7 | % | $ | (125 | ) | N/M |
| $ | 472 |
| 11.2 | % | $ | (52 | ) | $ | (8 | ) | $ | (78 | ) | $ | (1 | ) | $ | 333 |
| $ | 0.71 |
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Segment Realignment |
| (149 | ) |
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| 149 |
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Recasted (GAAP) |
| $ | 190 |
| 24.0 | % | $ | 114 |
| 12.4 | % | $ | 293 |
| 11.8 | % | $ | (125 | ) | N/M |
| $ | 472 |
| 11.2 | % | $ | (52 | ) | $ | (8 | ) | $ | (78 | ) | $ | (1 | ) | $ | 333 |
| $ | 0.71 |
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Restructuring, net |
| 2 |
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| 7 |
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| 5 |
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| 14 |
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| (5 | ) |
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| 9 |
| 0.02 |
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Asset impairment charges |
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| 23 |
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| 23 |
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| (8 | ) |
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| 15 |
| 0.03 |
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Acquisition \ Integration costs |
| 5 |
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| (1 | ) |
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| 2 |
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| 2 |
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| 8 |
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| (3 | ) |
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| 5 |
| 0.01 |
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Separation Costs |
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| 32 |
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| 32 |
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| (1 | ) |
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| 31 |
| 0.07 |
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Total Before Special Items |
| $ | 197 |
| 24.8 | % | $ | 113 |
| 12.2 | % | $ | 325 |
| 13.0 | % | $ | (86 | ) | N/M |
| $ | 549 |
| 13.0 | % | $ | (52 | ) | $ | (8 | ) | $ | (95 | ) | $ | (1 | ) | $ | 393 |
| $ | 0.84 |
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| Diluted Shares Outstanding |
| 469 |
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| Diluted Shares Outstanding - Before Special Items |
| 469 |
|
(1) Previously reported financial information is based on Tyco’s former segment structure which consisted of Tyco Security Solutions, Tyco Flow Control and Tyco Fire Protection.
Tyco International Ltd.
For the Quarter Ended December 24, 2010
(in millions, except per share data)
(Unaudited)
expense / (benefit)
|
| ADT |
|
|
|
|
|
|
|
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|
|
| ||||||
|
| North |
|
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| Commercial |
|
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| Electrical |
|
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| ||||||
|
| America |
| Flow |
| Fire and |
| Corporate |
| & Metal |
|
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| ||||||
|
| Residential |
| Control |
| Security |
| and Other |
| Products |
| Revenue |
| ||||||
Previously Reported Revenue (GAAP)(1) |
| $ | 2,107 |
| $ | 826 |
| $ | 1,099 |
|
|
| $ | 347 |
| $ | 4,379 |
| |
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| ||||||
Segment Realignment |
| (1,343 | ) |
|
| 1,343 |
| 347 |
| (347 | ) |
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Recasted (GAAP) |
| $ | 764 |
| $ | 826 |
| $ | 2,442 |
| $ | 347 |
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| $ | 4,379 |
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| Income |
| Diluted |
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| from |
| EPS from |
| |||||||||||
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| Operating Income |
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| Continuing |
| Continuing |
| |||||||||||||||||||||||||||
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| ADT |
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| Operations |
| Operations |
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| Commercial |
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| Electrical |
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| Total |
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| Attributable |
| Attributable |
| |||||||||||
|
| America |
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| Flow |
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| Fire and |
|
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| Corporate |
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| & Metal |
|
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| Operating |
|
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| Interest |
| Income |
| to Tyco |
| to Tyco |
| |||||||||||
|
| Residential |
| Margin |
| Control |
| Margin |
| Security |
| Margin |
| and Other |
| Margin |
| Products |
| Margin |
| Income |
| Margin |
| (Expense), net |
| Tax (Expense) |
| Shareholders |
| Shareholders |
| |||||||||||
Previously Reported Operating Income (GAAP)(1) |
| $ | 347 |
| 16.5 | % | $ | 100 |
| 12.1 | % | $ | 88 |
| 8.0 | % | 164 |
| N/M |
| 7 |
| 2.0 | % | $ | 706 |
| 16.1 | % | $ | (53 | ) | $ | (163 | ) | $ | 490 |
| $ | 1.00 |
| |||
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Segment Realignment |
| (174 | ) |
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| 174 |
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| 7 |
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| (7 | ) |
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Recasted (GAAP) |
| $ | 173 |
| 22.6 | % | $ | 100 |
| 12.1 | % | $ | 262 |
| 10.7 | % | $ | 171 |
| N/M |
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| $ | 706 |
| 16.1 | % | $ | (53 | ) | $ | (163 | ) | $ | 490 |
| $ | 1.00 |
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Restructuring, net |
| 4 |
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| 22 |
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| 6 |
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| 32 |
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| (9 | ) | 23 |
| 0.04 |
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(Gains) / losses on divestitures, net |
|
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| 13 |
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| (259 | ) |
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| (246 | ) |
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| 87 |
| (159 | ) | (0.32 | ) | |||||||||||
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Acquisition costs |
| 5 |
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| 5 |
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| (2 | ) | 3 |
| 0.01 |
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Note receivable write-off |
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| 5 |
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| 5 |
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| 5 |
| 0.01 |
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Legacy legal items |
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| (7 | ) |
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| (7 | ) |
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| (7 | ) | (0.01 | ) | |||||||||||
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Tax items |
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| 12 |
| 12 |
| 0.02 |
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|
| |||||||||||
Total Before Special Items |
| $ | 182 |
| 23.8 | % | $ | 100 |
| 12.1 | % | $ | 297 |
| 12.2 | % | $ | (84 | ) | N/M |
|
|
|
|
|
| $ | 495 |
| 11.3 | % | $ | (53 | ) | $ | (75 | ) | $ | 367 |
| $ | 0.75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted Shares Outstanding |
| 492 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted Shares Outstanding - Before Special Items |
| 492 |
|
(1) Previously reported financial information is based on Tyco’s former segment structure which consisted of Tyco Security Solutions, Tyco Flow Control and Tyco Fire Protection.
Tyco International Ltd.
For the Quarter Ended March 25, 2011
(in millions, except per share data)
(Unaudited)
expense / (benefit)
|
| ADT |
|
|
|
|
|
|
|
|
| ||||
|
| North |
|
|
| Commercial |
|
|
|
|
| ||||
|
| America |
| Flow |
| Fire and |
| Corporate |
|
|
| ||||
|
| Residential |
| Control |
| Security |
| and Other |
| Revenue |
| ||||
Previously Reported Revenue (GAAP)(1) |
| $ | 2,079 |
| $ | 804 |
| $ | 1,109 |
|
|
| $ | 3,992 |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
Segment Realignment |
| (1,311 | ) |
|
| 1,311 |
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
| ||||
Recasted (GAAP) |
| $ | 768 |
| $ | 804 |
| $ | 2,420 |
|
|
| $ | 3,992 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income |
| Diluted |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| from |
| EPS from |
| |||||||||||
|
| Operating Income |
|
|
|
|
|
|
|
|
|
|
|
|
| Continuing |
| Continuing |
| |||||||||||||||||||||||||
|
| ADT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operations |
| Operations |
| |||||||||||
|
| North |
|
|
|
|
|
|
| Commercial |
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
| Noncontrolling |
| Attributable |
| Attributable |
| |||||||||||
|
| America |
|
|
| Flow |
|
|
| Fire and |
|
|
| Corporate |
|
|
| Operating |
|
|
| Interest |
| Other |
| Income |
| Interest |
| to Tyco |
| to Tyco |
| |||||||||||
|
| Residential |
| Margin |
| Control |
| Margin |
| Security |
| Margin |
| and Other |
| Margin |
| Income |
| Margin |
| (Expense), net |
| (Expense), net |
| Tax (Expense) |
| (Expense) |
| Shareholders |
| Shareholders |
| |||||||||||
Previously Reported Operating Income (GAAP)(1) |
| $ | 323 |
| 15.5 | % | $ | 86 |
| 10.7 | % | $ | 128 |
| 11.5 | % | $ | (100 | ) | N/M |
| $ | 437 |
| 10.9 | % | $ | (54 | ) | $ | (6 | ) | $ | (57 | ) | $ | (1 | ) | $ | 319 |
| $ | 0.67 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Segment Realignment |
| (136 | ) |
|
|
|
|
|
| 136 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Recasted (GAAP) |
| $ | 187 |
| 24.3 | % | $ | 86 |
| 10.7 | % | $ | 264 |
| 10.9 | % | $ | (100 | ) | N/M |
| $ | 437 |
| 10.9 | % | $ | (54 | ) | $ | (6 | ) | $ | (57 | ) | $ | (1 | ) | $ | 319 |
| $ | 0.67 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Restructuring, net |
| (3 | ) |
|
| 6 |
|
|
| 8 |
|
|
| 2 |
|
|
| 13 |
|
|
|
|
|
|
| (4 | ) |
|
| 9 |
| 0.02 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Restructuring charges in cost of sales and SG&A |
|
|
|
|
| (1 | ) |
|
|
|
|
|
|
|
|
|
| (1 | ) |
|
|
|
|
|
|
|
|
|
| (1 | ) | — |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
(Gains) / losses on divestitures, net |
|
|
|
|
|
|
|
|
| 4 |
|
|
| 9 |
|
|
| 13 |
|
|
|
|
|
|
| 1 |
|
|
| 14 |
| 0.03 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Acquisition costs |
| 9 |
|
|
|
|
|
|
| 1 |
|
|
| 2 |
|
|
| 12 |
|
|
|
|
|
|
| (4 | ) |
|
| 8 |
| 0.01 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Legacy legal items |
|
|
|
|
|
|
|
|
|
|
|
|
| 1 |
|
|
| 1 |
|
|
|
|
|
|
|
|
|
|
| 1 |
| — |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Before Special Items |
| $ | 193 |
| 25.1 | % | $ | 91 |
| 11.3 | % | $ | 277 |
| 11.4 | % | $ | (86 | ) | N/M |
| $ | 475 |
| 11.9 | % | $ | (54 | ) | $ | (6 | ) | $ | (64 | ) | $ | (1 | ) | $ | 350 |
| $ | 0.73 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted Shares Outstanding |
| 477 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted Shares Outstanding - Before Special Items |
| 477 |
|
(1) Previously reported financial information is based on Tyco’s former segment structure which consisted of Tyco Security Solutions, Tyco Flow Control and Tyco Fire Protection.
Tyco International Ltd.
For the Quarter Ended June 24, 2011
(in millions, except per share data)
(Unaudited)
expense / (benefit)
|
| ADT |
|
|
|
|
|
|
|
|
| |||||
|
| North |
|
|
| Commercial |
|
|
|
|
| |||||
|
| America |
| Flow |
| Fire and |
| Corporate |
|
|
| |||||
|
| Residential |
| Control |
| Security |
| and Other |
| Revenue |
| |||||
Previously Reported Revenue (GAAP)(1) |
| $ | 2,165 |
| $ | 928 |
| $ | 1,200 |
|
|
|
| $ | 4,293 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Segment Realignment |
| (1,383 | ) |
|
| 1,383 |
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Recasted (GAAP) |
| $ | 782 |
| $ | 928 |
| $ | 2,583 |
|
|
|
| $ | 4,293 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income |
| Diluted |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| from |
| EPS from |
| |||||||||||
|
| Operating Income |
|
|
|
|
|
|
|
|
|
|
|
|
| Continuing |
| Continuing |
| |||||||||||||||||||||||||
|
| ADT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operations |
| Operations |
| |||||||||||
|
| North |
|
|
|
|
|
|
| Commercial |
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
| Noncontrolling |
| Attributable |
| Attributable |
| |||||||||||
|
| America |
|
|
| Flow |
|
|
| Fire and |
|
|
| Corporate |
|
|
| Operating |
|
|
| Interest |
| Other |
| Income |
| Interest |
| to Tyco |
| to Tyco |
| |||||||||||
|
| Residential |
| Margin |
| Control |
| Margin |
| Security |
| Margin |
| and Other |
| Margin |
| Income |
| Margin |
| (Expense), net |
| (Expense), net |
| Tax (Expense) |
| (Expense) |
| Shareholders |
| Shareholders |
| |||||||||||
Previously Reported Operating Income (GAAP)(1) |
| $ | 327 |
| 15.1 | % | $ | 103 |
| 11.1 | % | $ | 146 |
| 12.2 | % | $ | (101 | ) | N/M |
| $ | 475 |
| 11.1 | % | $ | (51 | ) | $ | (3 | ) | $ | (58 | ) | $ | 1 |
| $ | 364 |
| $ | 0.76 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Segment Realignment |
| (134 | ) |
|
|
|
|
|
| 134 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| — |
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Recasted (GAAP) |
| $ | 193 |
| 24.7 | % | $ | 103 |
| 11.1 | % | $ | 280 |
| 10.8 | % | $ | (101 | ) | N/M |
| $ | 475 |
| 11.1 | % | $ | (51 | ) | $ | (3 | ) | $ | (58 | ) | $ | 1 |
| $ | 364 |
| $ | 0.76 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Restructuring, net |
| 1 |
|
|
| 2 |
|
|
| 23 |
|
|
| 3 |
|
|
| 29 |
|
|
|
|
|
|
| (10 | ) |
|
| 19 |
| 0.04 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Restructuring charges in cost of sales and SG&A |
|
|
|
|
|
|
|
|
| 1 |
|
|
|
|
|
|
| 1 |
|
|
|
|
|
|
|
|
|
|
| 1 |
| — |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
(Gains) / losses on divestitures, net |
|
|
|
|
|
|
|
|
| 11 |
|
|
| (5 | ) |
|
| 6 |
|
|
|
|
|
|
| (2 | ) |
|
| 4 |
| 0.01 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Acquisition costs |
| 5 |
|
|
| 1 |
|
|
| 2 |
|
|
| 1 |
|
|
| 9 |
|
|
|
|
|
|
| (2 | ) |
|
| 7 |
| 0.02 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Tax items |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 7 |
|
|
| 7 |
| 0.02 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Before Special Items |
| $ | 199 |
| 25.4 | % | $ | 106 |
| 11.4 | % | $ | 317 |
| 12.3 | % | $ | (102 | ) | N/M |
| $ | 520 |
| 12.1 | % | $ | (51 | ) | $ | (3 | ) | $ | (65 | ) | $ | 1 |
| $ | 402 |
| $ | 0.85 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted Shares Outstanding |
| 475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted Shares Outstanding - Before Special Items |
| 475 |
|
(1) Previously reported financial information is based on Tyco’s former segment structure which consisted of Tyco Security Solutions, Tyco Flow Control and Tyco Fire Protection.
Tyco International Ltd.
For the Quarter Ended September 30, 2011
(in millions, except per share data)
(Unaudited)
expense / (benefit)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ADT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
| North |
|
|
| Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
| America |
| Flow |
| Fire and |
| Corporate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
| Residential |
| Control |
| Security |
| and Other |
| Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Previously Reported Revenue (GAAP)(1) |
| $ | 2,275 |
| $ | 1,081 |
| $ | 1,335 |
|
|
| $ | 4,691 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Segment Realignment |
| (1,482 | ) |
|
| 1,482 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Recasted (GAAP) |
| $ | 793 |
| $ | 1,081 |
| $ | 2,817 |
|
|
| $ | 4,691 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
|
|
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|
|
| Income |
| Diluted |
| |||||||||||
|
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|
|
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|
|
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|
|
|
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|
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|
| from |
| EPS from |
| |||||||||||
|
| Operating Income |
|
|
|
|
|
|
|
|
|
|
|
|
| Continuing |
| Continuing |
| |||||||||||||||||||||||||
|
| ADT |
|
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| Operations |
| Operations |
| |||||||||||
|
| North |
|
|
|
|
|
|
| Commercial |
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
| Noncontrolling |
| Attributable |
| Attributable |
| |||||||||||
|
| America |
|
|
| Flow |
|
|
| Fire and |
|
|
| Corporate |
|
|
| Operating |
|
|
| Interest |
| Other |
| Income |
| Interest |
| to Tyco |
| to Tyco |
| |||||||||||
|
| Residential |
| Margin |
| Control |
| Margin |
| Security |
| Margin |
| and Other |
| Margin |
| Income |
| Margin |
| (Expense), net |
| (Expense), net |
| Tax (Expense) |
| (Expense) |
| Shareholders |
| Shareholders |
| |||||||||||
Previously Reported Operating Income (GAAP) (1) |
| $ | 364 |
| 16.0 | % | $ | 124 |
| 11.5 | % | $ | 172 |
| 12.9 | % | $ | (159 | ) | N/M |
| $ | 501 |
| 10.7 | % | $ | (52 | ) | $ | (7 | ) | $ | (48 | ) | $ | (2 | ) | $ | 392 |
| $ | 0.83 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Segment Realignment |
| (180 | ) |
|
|
|
|
|
| 180 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| |||||||||||
|
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|
|
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|
|
|
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|
|
|
|
| |||||||||||
Recasted (GAAP) |
| $ | 184 |
| 23.2 | % | $ | 124 |
| 11.5 | % | $ | 352 |
| 12.5 | % | $ | (159 | ) | N/M |
| $ | 501 |
| 10.7 | % | $ | (52 | ) | $ | (7 | ) | $ | (48 | ) | $ | (2 | ) | $ | 392 |
| $ | 0.83 |
|
|
|
|
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|
|
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|
|
|
|
|
|
|
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|
|
|
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|
|
|
|
| |||||||||||
Restructuring, net |
| (1 | ) |
|
| 4 |
|
|
| 7 |
|
|
| 2 |
|
|
| 12 |
|
|
|
|
|
|
| (1 | ) |
|
| 11 |
| 0.02 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
| |||||||||||
Restructuring charges in cost of sales and SG&A |
|
|
|
|
|
|
|
|
| 1 |
|
|
|
|
|
|
| 1 |
|
|
|
|
|
|
|
|
|
|
| 1 |
| — |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
(Gains) / losses on divestitures, net |
|
|
|
|
| (6 | ) |
|
| 1 |
|
|
| 2 |
|
|
| (3 | ) |
|
|
|
|
|
| (18 | ) |
|
| (21 | ) | (0.04 | ) | |||||||||||
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Acquisition costs |
| 9 |
|
|
| 2 |
|
|
| 4 |
|
|
| (2 | ) |
|
| 13 |
|
|
|
|
|
|
| (5 | ) |
|
| 8 |
| 0.02 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Legacy legal items |
|
|
|
|
|
|
|
|
|
|
|
|
| 26 |
|
|
| 26 |
|
|
|
|
|
|
| 1 |
|
|
| 27 |
| 0.06 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Tax items |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (9 | ) |
|
| (9 | ) | (0.02 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Separation costs |
|
|
|
|
|
|
|
|
|
|
|
|
| 24 |
|
|
| 24 |
|
|
|
|
|
|
|
|
|
|
| 24 |
| 0.05 |
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Before Special Items |
| $ | 192 |
| 24.2 | % | $ | 124 |
| 11.5 | % | $ | 365 |
| 13.0 | % | $ | (107 | ) | N/M |
| $ | 574 |
| 12.2 | % | $ | (52 | ) | $ | (7 | ) | $ | (80 | ) | $ | (2 | ) | $ | 433 |
| $ | 0.92 |
|
| Diluted Shares Outstanding | 471 |
| Diluted Shares Outstanding - Before Special Items | 471 |
(1) Previously reported financial information is based on Tyco’s former segment structure which consisted of Tyco Security Solutions, Tyco Flow Control and Tyco Fire Protection.
Tyco International Ltd.
For the Twelve Months Ended September 30, 2011
(in millions, except per share data)
(Unaudited)
expense / (benefit)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ADT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
|
| North |
|
|
|
|
|
|
| Commercial |
|
|
|
|
|
|
| Electrical |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
|
| America |
|
|
| Flow |
|
|
| Fire and |
|
|
| Corporate |
|
|
| & Metal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
|
| Residential |
|
|
| Control |
|
|
| Security |
|
|
| and Other |
|
|
| Products |
|
|
| Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
Previously Reported Revenue (GAAP)(1) |
| $ | 8,626 |
|
|
| $ | 3,639 |
|
|
| $ | 4,743 |
|
|
|
|
|
|
| $ | 347 |
|
|
| $ | 17,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| 347 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
Segment Realignment |
| (5,519 | ) |
|
|
|
|
|
| 5,519 |
|
|
|
|
|
|
| (347 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
Recasted (GAAP) |
| $ | 3,107 |
|
|
| $ | 3,639 |
|
|
| $ | 10,262 |
|
|
| $ | 347 |
|
|
|
|
|
|
| $ | 17,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
|
| Operating Income |
|
|
|
|
|
|
|
|
|
|
|
|
| Income |
| Diluted |
| ||||||||||||||||||||||||||||||||||||
|
| ADT |
| Margin |
| Flow |
| Margin |
| Commercial |
| Margin |
| Corporate |
| Margin |
| Electrical |
| Margin |
| Revenue |
| Margin |
| Interest |
| Other |
| Income |
| Noncontrolling |
| Operations |
| Operations |
| ||||||||||||||||||
As Previously Reported (GAAP)(1) |
| $ | 1,361 |
| 15.8 | % | $ | 413 |
| 11.3 | % | $ | 534 |
| 11.3 | % | $ | (196 | ) | N/M |
| 7 |
| 2.0 | % | $ | 2,119 |
| 12.2 | % | $ | (210 | ) | $ | (16 | ) | $ | (326 | ) | $ | (2 | ) | $ | 1,565 |
| $ | 3.27 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
Segment Realignment |
| (624 | ) |
|
|
|
|
|
| 624 |
|
|
| 7 |
|
|
| (7 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
As Reported (GAAP) |
| $ | 737 |
| 23.7 | % | $ | 413 |
| 11.3 | % | $ | 1,158 |
| 11.3 | % | $ | (189 | ) | N/M |
|
|
|
|
|
| $ | 2,119 |
| 12.2 | % | $ | (210 | ) | $ | (16 | ) | $ | (326 | ) | $ | (2 | ) | $ | 1,565 |
| $ | 3.27 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
Restructuring, net |
| 1 |
|
|
| 12 |
|
|
| 60 |
|
|
| 13 |
|
|
|
|
|
|
| 86 |
|
|
|
|
|
|
| (24 | ) |
|
| 62 |
| 0.13 |
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
Restructuring charges in cost of sales and SG&A |
|
|
|
|
| (1 | ) |
|
| 2 |
|
|
|
|
|
|
|
|
|
|
| 1 |
|
|
|
|
|
|
|
|
|
|
| 1 |
| — |
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
(Gains) / losses on divestitures, net |
|
|
|
|
| (6 | ) |
|
| 29 |
|
|
| (253 | ) |
|
|
|
|
|
| (230 | ) |
|
|
|
|
|
| 68 |
|
|
| (162 | ) | (0.34 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
Acquisition costs |
| 28 |
|
|
| 3 |
|
|
| 7 |
|
|
| 1 |
|
|
|
|
|
|
| 39 |
|
|
|
|
|
|
| (13 | ) |
|
| 26 |
| 0.06 |
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
Note receivable write-off |
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
|
|
|
|
|
|
| 5 |
|
|
|
|
|
|
|
|
|
|
| 5 |
| 0.01 |
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
Legacy legal items |
|
|
|
|
|
|
|
|
|
|
|
|
| 20 |
|
|
|
|
|
|
| 20 |
|
|
|
|
|
|
| 1 |
|
|
| 21 |
| 0.04 |
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
Tax items |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 10 |
|
|
| 10 |
| 0.02 |
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
Separation costs |
|
|
|
|
|
|
|
|
|
|
|
|
| 24 |
|
|
|
|
|
|
| 24 |
|
|
|
|
|
|
| — |
|
|
| 24 |
| 0.05 |
| ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
Total Before Special Items |
| $ | 766 |
| 24.7 | % | $ | 421 |
| 11.6 | % | $ | 1,256 |
| 12.2 | % | $ | (379 | ) | N/M |
|
|
|
|
| $ | 2,064 |
| 11.9 | % | $ | (210 | ) | $ | (16 | ) | $ | (284 | ) | $ | (2 | ) | $ | 1,552 |
| $ | 3.24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted Shares Outstanding |
| 479 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted Shares Outstanding - Before Special Items |
| 479 |
|
(1) Previously reported financial information is based on Tyco’s former segment structure which consisted of Tyco Security Solutions, Tyco Flow Control and Tyco Fire Protection.
Tyco International Ltd.
Organic Growth Reconciliation - Revenue
(in millions)
|
|
|
| Quarter Ended December 30, 2011 |
| |||||||||||||||||||||||||||
|
| Net Revenue for |
|
|
| Adjusted |
|
|
|
|
|
|
| Net Revenue for |
| |||||||||||||||||
|
| the Quarter Ended |
| Base Year Adjustments |
| 2011 Base |
| Foreign |
|
|
|
|
| the Quarter Ended |
| |||||||||||||||||
|
| December 24, 2010 |
| (Divestitures) |
| Revenue |
| Currency |
| Acquisitions |
| Organic Revenue (1) |
| December 30, 2011 |
| |||||||||||||||||
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|
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| |||||||
ADT North America Residential |
| $ | 764 |
| $ | — |
| 0.0 | % | $ | 764 |
| $ | — |
| 0.0 | % | $ | — |
| 0.0 | % | $ | 29 |
| 3.8 | % | $ | 793 |
| 3.8 | % |
Flow Control |
| 826 |
| (4 | ) | -0.5 | % | 822 |
| (1 | ) | -0.1 | % | 21 |
| 2.5 | % | 81 |
| 9.9 | % | 923 |
| 11.7 | % | |||||||
Commercial Fire and Security |
| 2,442 |
| (20 | ) | -0.8 | % | 2,422 |
| (21 | ) | -0.9 | % | 47 |
| 1.9 | % | 44 |
| 1.8 | % | 2,492 |
| 2.0 | % | |||||||
Total before Corporate and Other |
| $ | 4,032 |
| $ | (24 | ) | -0.6 | % | $ | 4,008 |
| $ | (22 | ) | -0.5 | % | $ | 68 |
| 1.7 | % | $ | 154 |
| 3.8 | % | $ | 4,208 |
| 4.4 | % |
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| |||||||
Corporate and Other |
| 347 |
| (347 | ) | -100.0 | % | — |
| — |
| 0.0 | % | — |
| 0.0 | % | — |
| 0.0 | % | — |
| -100.0 | % | |||||||
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| |||||||
Total Net Revenue |
| $ | 4,379 |
| $ | (371 | ) | -8.5 | % | $ | 4,008 |
| $ | (22 | ) | -0.5 | % | $ | 68 |
| 1.6 | % | $ | 154 |
| 3.8 | % | $ | 4,208 |
| -3.9 | % |
(1) Amounts represent the impact of the deconsolidation of a joint venture in the Commercial Fire and Security segment
Tyco International Ltd.
Organic Growth Reconciliation - Revenue
(in millions)
|
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|
|
| Quarter Ended December 24, 2010 |
| |||||||||||||||||||||||||||||||||||||
|
| Net Revenue for |
| Base Year Adjustments |
| Adjusted |
| Foreign |
|
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|
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| Net Revenue for |
| |||||||||||||||||||
|
| December 25, 2009 |
| Acquisitions |
| (Divestitures) |
| Revenue |
| Currency |
| Acquisitions |
| Other (2) |
| Organic Revenue (1) |
| December 24, 2010 |
| |||||||||||||||||||||||
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| |||||||||
ADT North America Residential |
| $ | 587 |
| $ | 138 |
| 23.5 | % | $ | — |
| 0.0 | % | $ | 725 |
| $ | 2 |
| 0.3 | % | $ | — |
| 0.0 | % | $ | — |
| 0.0 | % | $ | 37 |
| 5.1 | % | $ | 764 |
| 30.2 | % |
Flow Control |
| 832 |
| — |
| 0.0 | % | (6 | ) | -0.7 | % | 826 |
| 7 |
| 0.8 | % | 4 |
| 0.5 | % | — |
| 0.0 | % | (11 | ) | -1.3 | % | 826 |
| -0.7 | % | |||||||||
Commercial Fire and Security |
| 2,439 |
| — |
| 0.0 | % | (73 | ) | -3.0 | % | 2,366 |
| 2 |
| 0.1 | % | — |
| 0.0 | % | (18 | ) | -0.7 | % | 92 |
| 3.9 | % | 2,442 |
| 0.1 | % | |||||||||
Total before Corporate and Other |
| $ | 3,858 |
| $ | 138 |
| 3.6 | % | $ | (79 | ) | -2.0 | % | $ | 3,917 |
| $ | 11 |
| 0.3 | % | $ | 4 |
| 0.1 | % | $ | (18 | ) | -0.5 | % | $ | 118 |
| 3.0 | % | $ | 4,032 |
| 4.5 | % |
|
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| |||||||||
Corporate and Other |
| 297 |
| — |
| 0.0 | % | — |
| 0.0 | % | 297 |
| 2 |
| 0.7 | % | 4 |
| 1.3 | % | — |
| 0.0 | % | 44 |
| 14.8 | % | 347 |
| 16.8 | % | |||||||||
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|
| |||||||||
Total Net Revenue |
| $ | 4,155 |
| $ | 138 |
| 3.3 | % | $ | (79 | ) | -1.9 | % | $ | 4,214 |
| $ | 13 |
| 0.3 | % | $ | 8 |
| 0.2 | % | $ | (18 | ) | -0.4 | % | $ | 162 |
| 3.8 | % | $ | 4,379 |
| 5.4 | % |
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| ||||
(1) |
| Organic revenue growth percentage based on adjusted 2010 base revenue. |
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| |||||||||||||||||
(2) |
| Amounts represent the impact of the deconsolidation of a joint venture in the Commercial Fire and Security segment |
|
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|
Tyco International Ltd.
Organic Growth Reconciliation - Revenue
(in millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
| Quarter Ended March 25, 2011 |
| |||||||||||||||||||||||||||||||||||||
|
| Net Revenue for |
| Base Year Adjustments |
| Adjusted |
| Foreign |
|
|
|
|
|
|
|
|
|
|
|
|
| Net Revenue for |
| |||||||||||||||||||
|
| March 26, 2010 |
| Acquisitions |
| (Divestitures) |
| Revenue |
| Currency |
| Acquisitions |
| Other (2) |
| Organic Revenue (1) |
| March 25, 2011 |
| |||||||||||||||||||||||
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|
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|
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| |||||||||
ADT North America Residential |
| $ | 593 |
| $ | 139 |
| 23.4 | % | $ | — |
| 0.0 | % | $ | 732 |
| $ | 3 |
| 0.5 | % | $ | — |
| 0.0 | % | $ | — |
| 0.0 | % | $ | 33 |
| 4.5 | % | $ | 768 |
| 29.5 | % |
Flow Control |
| 824 |
| — |
| 0.0 | % | (2 | ) | -0.2 | % | 822 |
| 24 |
| 2.9 | % | 1 |
| 0.1 | % | — |
| 0.0 | % | (43 | ) | -5.2 | % | 804 |
| -2.4 | % | |||||||||
Commercial Fire and Security |
| 2,341 |
| — |
| 0.0 | % | (60 | ) | -2.6 | % | 2,281 |
| 43 |
| 1.8 | % | — |
| 0.0 | % | (19 | ) | -0.8 | % | 115 |
| 5.0 | % | 2,420 |
| 3.4 | % | |||||||||
Total before Corporate and Other |
| $ | 3,758 |
| $ | 139 |
| 3.7 | % | $ | (62 | ) | -1.6 | % | $ | 3,835 |
| $ | 70 |
| 1.9 | % | $ | 1 |
| 0.0 | % | $ | (19 | ) | -0.5 | % | $ | 105 |
| 2.7 | % | $ | 3,992 |
| 6.2 | % |
|
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|
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|
|
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|
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|
|
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|
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|
|
| |||||||||
Corporate and Other |
| 336 |
| — |
| 0.0 | % | (336 | ) | -100.0 | % | — |
| — |
| 0.0 | % | — |
| 0.0 | % | — |
| 0.0 | % | — |
| 0.0 | % | — |
| -100.0 | % | |||||||||
|
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|
|
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|
|
|
| |||||||||
Total Net Revenue |
| $ | 4,094 |
| $ | 139 |
| 3.4 | % | $ | (398 | ) | -9.7 | % | $ | 3,835 |
| $ | 70 |
| 1.7 | % | $ | 1 |
| 0.0 | % | $ | (19 | ) | -0.5 | % | $ | 105 |
| 2.7 | % | $ | 3,992 |
| -2.5 | % |
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Organic revenue growth percentage based on adjusted 2010 base revenue.
(2) Amounts represent the impact of the deconsolidation of a joint venture in the Commercial Fire and Security segment
Tyco International Ltd.
Organic Growth Reconciliation - Revenue
(in millions)
|
|
|
| Quarter Ended June 24, 2011 |
| |||||||||||||||||||||||||||||||||||||
|
| Net Revenue for |
|
|
|
|
| Adjusted |
|
|
|
|
|
|
|
|
| Net Revenue for the |
| |||||||||||||||||||||||
|
| the Quarter Ended |
| Base Year Adjustments |
| 2010 Base |
| Foreign |
|
|
|
|
|
|
| Quarter Ended |
| |||||||||||||||||||||||||
|
| June 25, 2010 |
| Acquisitions |
| (Divestitures) |
| Revenue |
| Currency |
| Acquisitions |
| Other (2) |
| Organic Revenue (1) |
| June 24, 2011 |
| |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||
ADT North America Residential |
| $ | 658 |
| $ | 78 |
| 11.9 | % | $ | — |
| 0.0 | % | $ | 736 |
| $ | 3 |
| 0.5 | % | $ | — |
| 0.0 | % | $ | — |
| 0.0 | % | $ | 43 |
| 5.8 | % | $ | 782 |
| 18.8 | % |
Flow Control |
| 849 |
| — |
| 0.0 | % | (2 | ) | -0.2 | % | 847 |
| 77 |
| 9.1 | % | 1 |
| 0.1 | % | — |
| 0.0 | % | 3 |
| 0.4 | % | 928 |
| 9.3 | % | |||||||||
Commercial Fire and Security |
| 2,377 |
| — |
| 0.0 | % | (27 | ) | -1.1 | % | 2,350 |
| 139 |
| 5.8 | % | 10 |
| 0.4 | % | (18 | ) | -0.8 | % | 102 |
| 4.3 | % | 2,583 |
| 8.7 | % | |||||||||
|
|
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|
|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
| |||||||||
Total before Corporate and Other |
| $ | 3,884 |
| $ | 78 |
| 2.0 | % | $ | (29 | ) | -0.7 | % | $ | 3,933 |
| $ | 219 |
| 5.6 | % | $ | 11 |
| 0.3 | % | $ | (18 | ) | -0.5 | % | $ | 148 |
| 3.8 | % | $ | 4,293 |
| 10.5 | % |
|
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|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
Corporate and Other |
| 390 |
| — |
| 0.0 | % | (390 | ) | -100.0 | % | — |
| — |
| 0.0 | % | — |
| 0.0 | % | — |
| 0.0 | % | — |
| 0.0 | % | — |
| -100.0 | % | |||||||||
|
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|
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|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
| |||||||||
Total Net Revenue |
| $ | 4,274 |
| $ | 78 |
| 1.8 | % | $ | (419 | ) | -9.8 | % | $ | 3,933 |
| $ | 219 |
| 5.1 | % | $ | 11 |
| 0.3 | % | $ | (18 | ) | -0.4 | % | $ | 148 |
| 3.8 | % | $ | 4,293 |
| 0.4 | % |
(1) Organic revenue growth percentage based on adjusted 2010 base revenue.
(2) Amounts represent the impact of the deconsolidation of a joint venture in the Commercial Fire and Security segment
Tyco International Ltd.
Organic Growth Reconciliation - Revenue
(in millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
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|
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|
|
|
|
|
|
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|
|
|
|
|
|
|
| Quarter Ended September 30, 2011 |
| |||||||||||||||||||||||||||||||||||||
|
| Net Revenue for |
| Base Year Adjustments |
| Adjusted |
| Foreign |
|
|
|
|
|
|
|
|
|
|
|
|
| Net Revenue for |
| |||||||||||||||||||
|
| September 24, 2010 |
| Acquisitions |
| (Divestitures) |
| Revenue |
| Currency |
| Acquisitions |
| Other (2) |
| Organic Revenue (1) |
| September 30, 2011 |
| |||||||||||||||||||||||
ADT North America Residential |
| $ | 753 |
| $ | — |
| 0.0 | % | $ | — |
| 0.0 | % | $ | 753 |
| $ | 3 |
| 0.4 | % | $ | — |
| 0.0 | % | $ | — |
| 0.0 | % | $ | 37 |
| 4.9 | % | $ | 793 |
| 5.3 | % |
Flow Control |
| 868 |
| — |
| 0.0 | % | (5 | ) | -0.6 | % | 863 |
| 75 |
| 8.6 | % | 16 |
| 1.8 | % | 45 |
| 5.2 | % | 82 |
| 9.5 | % | 1,081 |
| 24.5 | % | |||||||||
Commercial Fire and Security |
| 2,496 |
| — |
| 0.0 | % | (37 | ) | -1.5 | % | 2,459 |
| 123 |
| 4.9 | % | 25 |
| 1.0 | % | 81 |
| 3.2 | % | 129 |
| 5.2 | % | 2,817 |
| 12.9 | % | |||||||||
Total before Corporate and Other |
| $ | 4,117 |
| $ | — |
| 0.0 | % | $ | (42 | ) | -1.0 | % | $ | 4,075 |
| $ | 201 |
| 4.9 | % | $ | 41 |
| 1.0 | % | $ | 126 |
| 3.1 | % | $ | 248 |
| 6.1 | % | $ | 4,691 |
| 13.9 | % |
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
Corporate and Other |
| 376 |
| — |
| 0.0 | % | (376 | ) | -100.0 | % | — |
| — |
| 0.0 | % | — |
| 0.0 | % | — |
| 0.0 | % | — |
| 0.0 | % | — |
| -100.0 | % | |||||||||
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
Total Net Revenue |
| $ | 4,493 |
| $ | — |
| 0.0 | % | $ | (418 | ) | -9.3 | % | $ | 4,075 |
| $ | 201 |
| 4.5 | % | $ | 41 |
| 0.9 | % | $ | 126 |
| 2.8 | % | $ | 248 |
| 6.1 | % | $ | 4,691 |
| 4.4 | % |
|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Organic revenue growth percentage based on adjusted 2010 base revenue.
(2) Amounts represent the impact of the deconsolidation of a joint venture in the Commercial Fire and Security segment
Tyco International Ltd.
Organic Growth Reconciliation - Revenue
(in millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
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|
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|
|
|
|
|
|
|
| Twelve Months Ended September 30, 2011 |
| |||||||||||||||||||||||||||||||||||||
|
| Net Revenue for |
| Base Year Adjustments |
| Adjusted |
| Foreign |
|
|
|
|
|
|
|
|
|
|
|
|
| Net Revenue for |
| |||||||||||||||||||
|
| September 24, 2010 |
| Acquisitions |
| (Divestitures) |
| Revenue |
| Currency |
| Acquisitions |
| Other (2) |
| Organic Revenue (1) |
| September 30, 2011 |
| |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
ADT North America Residential |
| $ | 2,591 |
| $ | 355 |
| 13.7 | % | $ | — |
| 0.0 | % | $ | 2,946 |
| $ | 11 |
| 0.4 | % | $ | — |
| 0.0 | % | $ | — |
| 0.0 | % | $ | 150 |
| 5.1 | % | $ | 3,107 |
| 19.9 | % |
Flow Control |
| 3,373 |
| — |
| 0.0 | % | (15 | ) | -0.4 | % | 3,358 |
| 183 |
| 5.4 | % | 22 |
| 0.7 | % | 45 |
| 1.3 | % | 31 |
| 0.9 | % | 3,639 |
| 7.9 | % | |||||||||
Commercial Fire and Security |
| 9,653 |
| — |
| 0.0 | % | (197 | ) | -2.0 | % | 9,456 |
| 307 |
| 3.2 | % | 35 |
| 0.4 | % | 26 |
| 0.3 | % | 438 |
| 4.6 | % | 10,262 |
| 6.3 | % | |||||||||
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Total before Corporate and Other |
| $ | 15,617 |
| $ | 355 |
| 2.3 | % | $ | (212 | ) | -1.4 | % | $ | 15,760 |
| $ | 501 |
| 3.2 | % | $ | 57 |
| 0.4 | % | $ | 71 |
| 0.5 | % | $ | 619 |
| 3.9 | % | $ | 17,008 |
| 8.9 | % |
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Corporate and Other |
| 1,399 |
| — |
| 0.0 | % | (1,102 | ) | -78.8 | % | 297 |
| 2 |
| 0.1 | % | 4 |
| 0.3 | % | — |
| 0.0 | % | 44 |
| 14.8 | % | 347 |
| -75.2 | % | |||||||||
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Total Net Revenue |
| $ | 17,016 |
| $ | 355 |
| 2.1 | % | $ | (1,314 | ) | -7.7 | % | $ | 16,057 |
| $ | 503 |
| 3.0 | % | $ | 61 |
| 0.4 | % | $ | 71 |
| 0.4 | % | $ | 663 |
| 4.1 | % | $ | 17,355 |
| 2.0 | % |
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(1) Organic revenue growth percentage based on adjusted 2010 base revenue.
(2) Amounts represent the impact of the deconsolidation of a joint venture in the Commercial Fire and Security segment