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The following is an excerpt from a 10-K SEC Filing, filed by TYCO INTERNATIONAL LTD /BER/ on 12/17/2003. Next Section Previous Section -- Use Sections To Navigate Through The Document -- FORM 10-K PART I Item 1. Business Properties Item 3. Legal Proceedings Item 4. Submission of Matters to a Vote of Security Holders PART II Item 5. Market for the Registrant's Common Shares and ... Item 6. Selected Financial Data Item 7. Management's Discussion and Analysis of Financial ... Item 7A. Quantitative and Qualitative Disclosures About ... Item 8. Financial Statements and Supplementary Data Item 9. Changes in and Disagreements with Accountants on ... Item 9A. Controls and Procedures PART III Item 10. Directors and Executive Officers of the Registrant Item 11. Executive Compensation Item 12. Security Ownership of Certain Beneficial Owners ... Item 13. Certain Relationships and Related Transactions Item 14. Principal Accountant Fees and Services PART IV Item 15. Exhibits, Financial Statement Schedules and ... SIGNATURES REPORT OF INDEPENDENT AUDITORS INCOME STATEMENT BALANCE SHEET STOCKHOLDERS EQUITY CASH FLOW NOTES TO CONSOLIDATED FINANCIAL STATEMENTS INCOME STATEMENT INCOME STATEMENT Results of Operations Liquidity and Capital Resources VALUATION AND QUALIFYING ACCOUNTS EXHIBIT 10.23 EXHIBIT 21.1 EXHIBIT 23.1 CONSENT OF INDEPENDENT ACCOUNTANTS EXHIBIT 24.1 POWER OF ATTORNEY EXHIBIT 31.1 CERTIFICATIONS EXHIBIT 31.2 CERTIFICATIONS EXHIBIT 32.1 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350     U.S. Plans   Non-U.S. Plans       2003   2002   2003   2002   Change in benefit obligation                           Benefit obligation at beginning of year   $ 2,048.1   $ 1,832.5   $ 1,938.3   $ 1,571.9   Service cost     25.5     19.2     85.0     69.0   Interest cost     131.0     134.2     101.3     88.1   Employee contributions     —     —     10.7     9.9   Plan amendments     1.2     24.6     1.3     1.1   Actuarial loss     221.3     203.2     159.6     210.9   Benefits and administrative expenses paid     (153.2 )   (155.9 )   (70.7 )   (74.8 ) Acquisitions     —     15.6     17.9     12.9   Plan curtailments     (1.6 )   (20.7 )   2.0     (4.9 ) Plan settlements     (28.7 )   (6.2 )   (32.0 )   (20.0 ) Special termination benefits     0.2     1.6     1.2     2.4   Currency translation adjustment     —     —     199.3     71.8               Benefit obligation at end of year   $ 2,243.8   $ 2,048.1   $ 2,413.9   $ 1,938.3                   U.S. Plans   Non-U.S. Plans       2003   2002   2003   2002   Change in plan assets                           Fair value of plan assets at beginning of year   $ 1,253.7   $ 1,452.3   $ 1,039.8   $ 1,111.4   Actual return on plan assets     183.5     (56.0 )   118.6     (114.4 ) Employer contributions     248.8     19.5     92.6     86.8   Employee contributions     —     —     10.7     9.9   Acquisitions     —     —     5.0     2.4   Plan settlements     (28.7 )   (6.2 )   (32.0 )   (20.0 ) Benefits paid     (142.5 )   (144.5 )   (66.2 )   (71.3 ) Administrative expenses paid     (10.7 )   (11.4 )   (4.5 )   (3.5 ) Currency translation adjustment     —     —     98.7     38.5               Fair value of plan assets at end of year   $ 1,504.1   $ 1,253.7   $ 1,262.7   $ 1,039.8               Funded status   $ (739.7 ) $ (794.4 ) $ (1,151.2 ) $ (898.5 ) Unrecognized net actuarial loss     751.1     650.5     858.6     737.3   Unrecognized prior service cost     28.5     30.2     5.5     5.8   Unrecognized transition asset     (1.0 )   (2.0 )   (5.5 )   (4.8 )             Net amount recognized   $ 38.9   $ (115.7 ) $ (292.6 ) $ (160.2 )

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