SCHAFFHAUSEN, SWITZERLAND – Tyco International Ltd. reported fourth-quarter revenue of $4.4 billion, down 16% year-over-year.

Income from continuing operations for the quarter was $207 million, down 22% year-over-year.

For the full year, revenue of $17.2 billion declined 15% compared to 2008.

"Our operating results for the fourth quarter reflect good progress in reducing our overall cost structure, while we continue to invest in the future growth of our businesses," said Ed Breen, Tyco chairman and CEO. "We generated strong cash flow in the quarter, effectively managed our working capital, and we finished the year in strong financial condition."

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