Let n≥1 be an integer. If a0,...,an−1,b0,...,bn−1 are integers such that ai≡bimodp for 0≤i<n, one has (No. 1, prop. 1)
Φn−1(a0,...,an−1)≡Φn−1(b0,...,bn−1)modpn.
Consequently, Φn−1 defines by passing to the quotients a ring homomorphism φn:Wn(Z/pZ)→Z/pnZ. The image of φn is a subgroup of Z/pnZ containing 1, hence φn is surjective. Since the finite sets Wn(Z/pZ) and Z/pnZ have the same cardinal pn, φn is an isomorphism.
Let m and n be integers such that 1≤n≤m. There exists a unique ring homomorphism αn,m:Z/pmZ→Z/pnZ; consequently the diagram
is commutative. It follows that φ=limφn is an isomorphism of topological rings from W(Z/pZ)=lim←Wn(Z/pZ) onto Zp=lim←Z/pnZ (III, § 2, No. 12, example 3).
Let m and n be two integers ≥1. By construction, one has an exact sequence of additive groups
(E)
0⟶W(A)νmW(A)πmWm(A)⟶0.
By passing to the quotients, the endomorphism Vn of the additive group of W(A) defines a homomorphism Vmn of the additive group of Wm(A) into that of Wm+n(A). In other words, one has a commutative diagram
W(A)πm↓Wm(A)VnVmnW(A)πn+m↓Wn+m(A)
By passing to the quotients, one deduces from the exact sequence (E) an exact sequence
According to prop. 3, c) of No. 5, one has FVm+1(a)=p.Vm(a) for every a in W(A) and one consequently has F(Vm+1(A))⊂Vm(A). By induction on n, one deduces that Fn maps Vn+m(A) into Vm(A), and hence defines, by passing to the quotients, a ring homomorphism Fmn:Wn+m(A)→Wm(A). By construction, one has a commutative diagram
W(A)πn+m↓Wn+m(A)FnFmnW(A)πm↓Wm(A)
Recall (No. 3) that the polynomial Fi belongs to Z[X0,...,Xi+1] for every integer i⩾0; the homomorphism Fm1 from Wm+1(A) into Wm(A) is therefore made explicit as follows:
(46)
Fm1[a0,...,am]=[Fi(a0,...,ai+1)]0⩽i<m.
Let a∈Wm(A), a′∈Wm(A) and b∈Wm+1(A). The following formulas result by passing to the quotients from prop. 3 of No. 5:
(47)
Fm1(Vm1(a))=p.a
(48)
Vm1(a×Fm1(b))=Vm1(a)×b
(49)
Vm1(a)×Vm1(a′)=p.Vm1(a×a′)
(50)
Vm1(Fm1(b))=μm+1×b
(avec μm+1=[0,1,0,...,0]).
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.