Let(uλ)λ∈Land(vμ)μ∈Mbe two summable families of elements ofA[[I]]. Then the family(uλvμ)(λ,μ)∈L×Mis summable and we have
(λ,μ)∈L×M∑uλvμ=(λ∈L∑uλ)μ∈M∑vμ
Let (αλ,ν)ν∈N(I) (resp. (βμ,ν)ν∈N(I)) be the family of coefficients of uλ (resp. vν). For each ν∈N(I) there exists only a finite number of pairs (ν1,ν2)∈N(I)×N(I) such that ν1+ν2=ν, hence only a finite number of pairs (λ,μ)∈L×M such that the coefficient of Xν in uλvμ is =0. Hence the family (uλvμ)(λ,μ)∈L×J is summable. Now the formula (2) follows from the associativity of the sum (Gen. Top., III, p. 265, formula (2)).
In A[[I]] the product is an associative and commutative composition law. We may therefore speak of a multipliable family of elements of A[[I]] and of the product of a multipliable family (Gen. Top., III, p. 262, remark 3).
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.