TransDigm (TDG) 10-Q 5 Aug 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 27, 2015	Jul. 26, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 27, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	TDG
Entity Registrant Name	TRANSDIGM GROUP INC
Entity Central Index Key	1,260,221
Current Fiscal Year End Date	--09-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		53,534,271

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - Entity [Domain] - USD ($) $ in Thousands	Jun. 27, 2015	Sep. 30, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 915,350	$ 819,548
Trade accounts receivable - Net	419,955	351,307
Inventories - Net	574,186	459,074
Deferred income taxes	37,623	37,669
Prepaid expenses and other	82,372	21,978
Total current assets	2,029,486	1,689,576
PROPERTY, PLANT AND EQUIPMENT - Net	250,923	212,108
Goodwill	4,324,959	3,525,077
TRADEMARKS AND TRADE NAMES	696,806	514,520
OTHER INTANGIBLE ASSETS - Net	945,394	702,633
DEBT ISSUE COSTS - Net	80,120	92,393
OTHER	22,694	20,541
TOTAL ASSETS	8,350,382	6,756,848
CURRENT LIABILITIES:
Current portion of long-term debt	44,195	39,295
Short-term borrowings - trade receivable securitization facility	200,000	200,000
Accounts payable	129,050	115,741
Accrued liabilities	306,444	230,871
Total current liabilities	679,689	585,907
LONG-TERM DEBT	8,204,862	7,233,836
DEFERRED INCOME TAXES	493,601	402,247
OTHER NON-CURRENT LIABILITIES	141,255	90,957
Total liabilities	9,519,407	8,312,947
STOCKHOLDERS' DEFICIT:
Common stock - $.01 par value; authorized 224,400,000 shares; issued 54,920,917 and 53,832,246 at June 27, 2015 and September 30, 2014, respectively	549	538
Paid-in capital	922,033	794,767
Accumulated deficit	(1,857,075)	(2,150,293)
Accumulated other comprehensive loss	(58,592)	(25,171)
Treasury stock, at cost; 1,415,100 shares at June 27, 2015 and September 30, 2014	(175,940)	(175,940)
Total stockholders' deficit	(1,169,025)	(1,556,099)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 8,350,382	$ 6,756,848

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 27, 2015	Sep. 30, 2014
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	224,400,000	224,400,000
Common stock, shares issued	54,920,917	53,832,246
Treasury stock, shares	1,415,100	1,415,100

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - Entity [Domain] - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
NET SALES	$ 691,395	$ 610,582	$ 1,897,323	$ 1,730,665
COST OF SALES	331,940	283,054	875,078	811,419
GROSS PROFIT	359,455	327,528	1,022,245	919,246
SELLING AND ADMINISTRATIVE EXPENSES	81,849	71,146	223,354	199,761
AMORTIZATION OF INTANGIBLE ASSETS	13,910	16,402	37,966	50,385
INCOME FROM OPERATIONS	263,696	239,980	760,925	669,100
INTEREST EXPENSE - Net	106,796	87,613	305,623	250,755
Refinancing costs	18,159	131,490	18,159	131,490
INCOME BEFORE INCOME TAXES	138,741	20,877	437,143	286,855
INCOME TAX PROVISION	39,629	4,700	131,604	94,200
NET INCOME	99,112	16,177	305,539	192,655
NET INCOME APPLICABLE TO COMMON STOCK	$ 99,112	$ (94,726)	$ 302,174	$ 72,127
Net earnings per share - see Note 5:
Basic and diluted	$ 1.75	$ (1.66)	$ 5.34	$ 1.26
Cash dividends paid per common share		$ 25		$ 25
Weighted-average shares outstanding:
Basic and diluted	56,608	57,170	56,605	57,077

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Comprehensive Income - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
Net income	$ 99,112	$ 16,177	$ 305,539	$ 192,655
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	17,042	758	(21,838)	6,886
Interest rate swap agreements, net of taxes of $4,906 and $(4,118) for the thirteen week periods ended June 27, 2015 and June 28, 2014 and $(8,768) and $(4,825) for the thirty-nine week periods ended June 27, 2015 and June 28, 2014, respectively.	8,774	(6,972)	(11,583)	(7,215)
Other comprehensive income (loss), net of tax	25,816	(6,214)	(33,421)	(329)
TOTAL COMPREHENSIVE INCOME	$ 124,928	$ 9,963	$ 272,118	$ 192,326

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
Interest rate swap agreements, taxes	$ 4,906	$ (4,118)	$ (8,768)	$ (4,825)

Condensed Consolidated Stateme7

Condensed Consolidated Statement of Changes in Stockholders' Deficit - Entity [Domain] - 9 months ended Jun. 27, 2015 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock
BEGINNING BALANCE (in shares) at Sep. 30, 2014	53,832,246	53,832,246				(1,415,100)
BEGINNING BALANCE at Sep. 30, 2014	$ (1,556,099)	$ 538	$ 794,767	$ (2,150,293)	$ (25,171)	$ (175,940)
Unvested dividend equivalents	(12,321)			(12,321)
Compensation expense recognized for employee stock options	23,435		23,435
Excess tax benefits related to share-based payment arrangements	50,580		50,580
Exercise of employee stock options (in shares)		1,069,648
Exercise of employee stock options	52,993	$ 11	52,982
Common stock issued (in shares)		19,023
Common stock issued	269		269
Net income	305,539			305,539
Foreign currency translation adjustments	(21,838)				(21,838)
Interest rate swaps, net of tax	$ (11,583)				(11,583)
ENDING BALANCE (in shares) at Jun. 27, 2015	54,920,917	54,920,917				(1,415,100)
ENDING BALANCE at Jun. 27, 2015	$ (1,169,025)	$ 549	$ 922,033	$ (1,857,075)	$ (58,592)	$ (175,940)

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows - Entity [Domain] - USD ($) $ in Thousands	9 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
OPERATING ACTIVITIES:
Net income	$ 305,539	$ 192,655
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	25,919	23,958
Amortization of intangible assets	41,848	50,583
Amortization of debt issue costs	11,989	9,898
Net gain on sale of real estate		(804)
Refinancing costs	18,159	131,490
Non-cash equity compensation	23,435	18,849
Excess tax benefits related to share-based payment arrangements	(50,580)	(40,481)
Deferred income taxes	3,884	(2,527)
Changes in assets/liabilities, net of effects from acquisitions of businesses:
Trade accounts receivable	(7,044)	(24,933)
Inventories	(27,997)	(8,410)
Income taxes receivable/payable	8,866	8,491
Other assets	153	1,865
Accounts payable	(648)	(23,815)
Accrued and other liabilities	19,904	12,710
Net cash provided by operating activities	373,427	349,529
INVESTING ACTIVITIES:
Capital expenditures, net of disposals	(40,299)	(25,450)
Cash proceeds from sale of real estate		16,380
Acquisition of businesses, net of cash acquired	(1,293,498)	(311,872)
Net cash used in investing activities	(1,333,797)	(320,942)
FINANCING ACTIVITIES:
Excess tax benefits related to share-based payment arrangements	50,580	40,481
Proceeds from exercise of stock options	52,982	14,649
Dividends paid	(3,365)	(1,445,293)
Treasury stock repurchased		(72,402)
Proceeds from revolving credit facility	75,250
Repayment on revolving credit facility	(75,250)
Repurchase of senior subordinated notes due 2018		(1,720,997)
Proceeds from trade receivable securitization facility - net		199,390
Other financing activities	(949)	(78)
Net cash provided by (used in) financing activities	1,058,249	135,731
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(2,077)	76
NET INCREASE IN CASH AND CASH EQUIVALENTS	95,802	164,394
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	819,548	564,740
CASH AND CASH EQUIVALENTS, END OF PERIOD	915,350	729,134
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest	229,627	231,689
Cash paid during the period for income taxes	130,735	86,725
2015 term loan
FINANCING ACTIVITIES:
Proceeds from term loan - net	1,516,653
2014 term loan
FINANCING ACTIVITIES:
Proceeds from term loan - net		806,378
Repayment on term loan	(4,126)
2013 term loan
FINANCING ACTIVITIES:
Repayment on term loan	(999,272)	(15,522)
Senior Subordinated Notes Due 2025
FINANCING ACTIVITIES:
Proceeds from senior subordinated notes - net	$ 445,746
Senior Subordinated Notes Due 2022 and 2024
FINANCING ACTIVITIES:
Proceeds from senior subordinated notes - net		$ 2,329,125

DESCRIPTION OF THE BUSINESS

DESCRIPTION OF THE BUSINESS	9 Months Ended
	Jun. 27, 2015
DESCRIPTION OF THE BUSINESS	1. DESCRIPTION OF THE BUSINESS Description of the Business Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, NiCad batteries and chargers, engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, cockpit security components and systems, specialized cockpit displays, aircraft audio systems, specialized lavatory components, seatbelts and safety restraints, engineered interior surfaces and related components, lighting and control technology, military personnel parachutes and cargo loading, handling and delivery systems.

UNAUDITED INTERIM FINANCIAL INF

UNAUDITED INTERIM FINANCIAL INFORMATION	9 Months Ended
	Jun. 27, 2015
UNAUDITED INTERIM FINANCIAL INFORMATION	2. UNAUDITED INTERIM FINANCIAL INFORMATION The financial information included herein is unaudited; however, the information reflects all adjustments (consisting solely of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the Company’s financial position and results of operations and cash flows for the interim periods presented. These financial statements and notes should be read in conjunction with the financial statements and related notes for the year ended September 30, 2014 included in TD Group’s Form 10-K dated November 14, 2014. As disclosed therein, the Company’s annual consolidated financial statements were prepared in conformity with generally accepted accounting principles in the United States (“GAAP”). The September 30, 2014 condensed consolidated balance sheet was derived from TD Group’s audited financial statements. The results of operations for the thirty-nine week period ended June 27, 2015 are not necessarily indicative of the results to be expected for the full year. Certain reclassifications have been made to the prior year financial statements to conform to current year classifications.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Jun. 27, 2015
ACQUISITIONS	3. ACQUISITIONS During the thirty-nine week periods ended June 27, 2015 and June 28, 2014, the Company completed the acquisitions of the assets of the aerospace business of Pexco LLC (“Pexco Aerospace”), the aerospace business of Franke Aquarotter GmbH (now named Adams Rite Aerospace GmbH), the Telair Cargo Group (“Telair”), Elektro-Metall Export GmbH, and Airborne Global Inc. The Company accounted for the acquisitions using the acquisition method and included the results of operations of the acquisitions in its consolidated financial statements from the effective date of each acquisition. The Company is in the process of obtaining a third-party valuation of certain tangible and intangible assets of Pexco Aerospace, Adams Rite Aerospace GmbH, and Telair; therefore, the values attributed to those acquired assets in the condensed consolidated financial statements are subject to adjustment. Pro forma net sales and results of operations for the acquisitions had they occurred at the beginning of the applicable thirty-nine week periods ended June 27, 2015 or June 28, 2014 are not significant and, accordingly, are not provided. The acquisitions strengthen and expand the Company’s position to design, produce and supply highly-engineered proprietary aerospace components in niche markets with significant aftermarket content and provide opportunities to create value through the application of our three core value-driven operating strategies (obtaining profitable new business, improving our cost structure, and providing highly engineered value-added products to customers). The purchase price paid for each acquisition reflects the current earnings before interest, taxes, depreciation and amortization (EBITDA) and cash flows, as well as, the future EBITDA and cash flows expected to be generated by the business, which are driven in most cases by the recurring aftermarket consumption over the life of a particular aircraft, estimated to be approximately 25-30 years. Pexco Aerospace – Adams Rite Aerospace GmbH – Telair Cargo Group – The total purchase price of Telair was allocated to the underlying assets acquired and liabilities assumed based upon management’s estimated fair values at the date of acquisition. To the extent the purchase price exceeded the estimated fair value of the net identifiable tangible and intangible assets acquired, such excess was allocated to goodwill. The following table summarizes the purchase price allocation of the estimated fair values of the assets acquired and liabilities assumed at the transaction date (in thousands). Assets acquired: Current assets, excluding cash acquired $ 143,417 Property, plant, and equipment 16,426 Intangible assets 290,000 Goodwill 439,946 Other 1,445 Total assets acquired $ 891,234 Liabilities assumed: Current liabilities $ 46,708 Other noncurrent liabilities 121,326 Total liabilities assumed $ 168,034 Net assets acquired $ 723,200 The Company expects that the approximately $439.9 million of goodwill recognized for the acquisition will not be deductible for tax purposes. Elektro-Metall Export GmbH – Airborne Global Inc. –

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Jun. 27, 2015
RECENT ACCOUNTING PRONOUNCEMENTS	4. RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09 which creates a new topic in the Accounting Standards Codification (“ASC”) Topic 606, “ Revenue From Contracts With Customers.” 340-40, Other Assets and Deferred Costs: Contracts with Customers In April 2015, the FASB issued ASU 2015-03, “ Simplifying the Presentation of Debt Issuance Costs

EARNINGS PER SHARE (TWO-CLASS M

EARNINGS PER SHARE (TWO-CLASS METHOD)	9 Months Ended
	Jun. 27, 2015
EARNINGS PER SHARE (TWO-CLASS METHOD)	5. EARNINGS PER SHARE (TWO-CLASS METHOD) The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share data): Thirteen Week Periods Ended Thirty-Nine Week Periods Ended June 27, 2015 June 28, 2014 June 27, 2015 June 28, 2014 ` Numerator for earnings (loss) per share: Net income $ 99,112 $ 16,177 $ 305,539 $ 192,655 Less dividends paid on participating securities — (110,903 ) (3,365 ) (120,528 ) Net income (loss) applicable to common stock - basic and diluted $ 99,112 $ (94,726 ) $ 302,174 $ 72,127 Denominator for basic and diluted earnings (loss) per share under the two-class method: Weighted average common shares outstanding 53,361 52,915 52,937 52,802 Vested options deemed participating securities 3,247 4,255 3,668 4,275 Total shares for basic and diluted earnings (loss) per share 56,608 57,170 56,605 57,077 Basic and diluted earnings (loss) per share $ 1.75 $ (1.66 ) $ 5.34 $ 1.26

INVENTORIES

INVENTORIES	9 Months Ended
	Jun. 27, 2015
INVENTORIES	6. INVENTORIES Inventories are stated at the lower of cost or market. Cost of inventories is determined by the average cost and the first-in, first-out (FIFO) methods for all locations except CEF Industries LLC, which determines the cost of inventories using the last-in, first-out (LIFO) method. Less than 3% of the inventory was valued under the LIFO method at June 27, 2015. Inventories consist of the following (in thousands): June 27, September 30, Raw materials and purchased component parts $ 376,722 $ 298,318 Work-in-progress 147,189 146,980 Finished Goods 114,183 69,658 Total 638,094 514,956 Reserves for excess and obsolete inventory and LIFO (63,908 ) (55,882 ) Inventories - net $ 574,186 $ 459,074

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Jun. 27, 2015
INTANGIBLE ASSETS	7. INTANGIBLE ASSETS Intangible assets subject to amortization consist of the following (in thousands): June 27, 2015 September 30, 2014 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Technology $ 1,121,330 $ 219,604 $ 901,726 $ 854,918 $ 186,278 $ 668,640 Order backlog 23,091 9,859 13,232 8,006 6,006 2,000 Other 43,304 12,868 30,436 43,252 11,259 31,993 Total $ 1,187,725 $ 242,331 $ 945,394 $ 906,176 $ 203,543 $ 702,633 Intangible assets acquired during the thirty-nine week period ended June 27, 2015 were as follows (in thousands): Cost Amortization Period Intangible assets not subject to amortization: Goodwill $ 816,490 Trademarks and trade names 185,053 1,001,543 Intangible assets subject to amortization: Technology 266,563 20 years Order backlog 15,085 1 year 281,648 19.0 years Total $ 1,283,191 The aggregate amortization expense on identifiable intangible assets for the thirty-nine week periods ended June 27, 2015 and June 28, 2014 was approximately $38.8 million and $50.6 million, respectively. The estimated amortization expense is $58.1 million for fiscal year 2015, $62.6 million for fiscal year 2016, and $53.5 million for each of the four succeeding fiscal years 2017 through 2020. The following is a summary of changes in the carrying value of goodwill by segment from September 30, 2014 through June 27, 2015 (in thousands): Power & Control Airframe Non- aviation Total Balance, September 30, 2014 $ 1,563,438 $ 1,906,270 $ 55,369 $ 3,525,077 Goodwill acquired during the year 406,706 409,784 — 816,490 Purchase price allocation adjustments — (2,424 ) — (2,424 ) Other (3,585 ) (10,599 ) — (14,184 ) Balance, June 27, 2015 $ 1,966,559 $ 2,303,031 $ 55,369 $ 4,324,959

DEBT

DEBT	9 Months Ended
	Jun. 27, 2015
DEBT	8. DEBT The Company’s debt consists of the following (in thousands): June 27, September 30, Short-term borrowings - trade receivable securitization facility $ 200,000 $ 200,000 Term loans $ 4,399,057 $ 3,873,131 5 1/2% senior subordinated notes due 2020 (2020 Notes) 550,000 550,000 7 1/2% senior subordinated notes due 2021 (2021 Notes) 500,000 500,000 6% senior subordinated notes due 2022 (2022 Notes) 1,150,000 1,150,000 6 1/2% senior subordinated notes due 2024 (2024 Notes) 1,200,000 1,200,000 6 1/2% senior subordinated notes due 2025 (2025 Notes) 450,000 — 8,249,057 7,273,131 Less current portion 44,195 39,295 Long-term debt $ 8,204,862 $ 7,233,836 Incremental Assumption and Refinancing Facility Agreement Incremental Revolving Assumption – Issuance of Senior Subordinated Notes – The 2025 Notes are subordinated to all of TransDigm’s existing and future senior debt, rank equally with all of its existing and future senior subordinated debt and rank senior to all of its future debt that is expressly subordinated to the 2025 Notes. The 2025 Notes are guaranteed on a senior subordinated unsecured basis by TD Group and its wholly-owned domestic subsidiaries named in the 2025 Indentures. The guarantees of the 2025 Notes are subordinated to all of the guarantors’ existing and future senior debt, rank equally with all of their existing and future senior subordinated debt and rank senior to all of their future debt that is expressly subordinated to the guarantees of the 2025 Notes. The 2025 Notes are structurally subordinated to all of the liabilities of TD Group’s non-guarantor subsidiaries. The 2025 Indentures contain certain covenants that, among other things, limit the incurrence of additional indebtedness, the payment of dividends, transactions with affiliates, asset sales, acquisitions, mergers, and consolidations, liens and encumbrances, and prepayments of certain other indebtedness. The 2025 Indentures contain events of default customary for agreements of their type (with customary grace periods, as applicable) and provide that, upon the occurrence of an event of default arising from certain events of bankruptcy or insolvency, all outstanding 2025 Notes of each series will become due and payable immediately without further action or notice. If any other type of event of default occurs and is continuing, then the trustee or the holders of at least 25% in principal amount of the then outstanding 2025 Notes of a particular series may declare all such notes to be due and payable immediately.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jun. 27, 2015
INCOME TAXES	9. INCOME TAXES At the end of each reporting period, TD Group makes an estimate of its annual effective income tax rate. The estimate used in the year-to-date period may change in subsequent periods. During the thirteen week periods ended June 27, 2015 and June 28, 2014, the effective income tax rate was 28.6% and 22.5%, respectively. The Company’s higher effective tax rate for the thirteen week period was primarily due to higher pre-tax earnings and a smaller discrete adjustment related to the filing of the Company’s federal income tax return. During the thirty-nine week periods ended June 27, 2015 and June 28, 2014, the effective income tax rate was 30.1% and 32.8%, respectively. The Company’s lower effective tax rate for the thirty-nine week period ended June 27, 2015 was primarily due to foreign earnings taxed at rates lower than the U.S. statutory rate, a discrete adjustment related to the closing of the fiscal year 2012 and 2013 IRS examinations, and a discrete adjustment from the filing of the Company’s September 30, 2014 federal income tax return. The Company’s effective tax rate for these periods was less than the Federal statutory tax rate primarily due to the domestic manufacturing deduction, foreign earnings taxed at rates lower than the U.S. statutory rate, a discrete adjustment related to the closing of the fiscal year 2012 and 2013 IRS examinations, and a discrete adjustment from the filing of the Company’s September 30, 2014 federal income tax return. The Company and its subsidiaries file income tax returns in the U.S federal jurisdiction, various state and local jurisdictions as well as foreign jurisdictions located in Belgium, Canada, China, France, Germany, Hong Kong, Hungary, Malaysia, Mexico, Norway, Singapore, Sri Lanka, Sweden, and the United Kingdom. The Company is no longer subject to U.S. federal examinations for years before fiscal 2014. The Company is currently under examination in Belgium for its fiscal years of 2013 and 2014. In addition, the Company is subject to state income tax examinations for fiscal years 2009 and later. At June 27, 2015 and September 30, 2014, TD Group had $8.9 million and $13.9 million in unrecognized tax benefits, the recognition of which would have an effect of approximately $8.5 million and $13.5 million on the effective tax rate at June 27, 2015 and September 30, 2014, respectively. The Company believes that the tax positions that comprise the unrecognized tax benefit will be reduced by approximately $3.5 million over the next 12 months. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Jun. 27, 2015
FAIR VALUE MEASUREMENTS	10. FAIR VALUE MEASUREMENTS The following tables present our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The following summarizes the carrying amounts and fair values of financial instruments (in thousands): June 27, 2015 September 30, 2014 Level Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents 1 $ 915,350 $ 915,350 $ 819,548 $ 819,548 Liabilities: Interest rate swap agreements (1) 2 25,010 25,010 20,070 20,070 Interest rate swap agreements (2) 2 25,250 25,250 4,650 4,650 Short-term borrowings - trade receivable securitization facility 1 200,000 200,000 200,000 200,000 Long-term debt, including current portion: Term loans 2 4,399,057 4,365,000 3,873,131 3,821,000 2020 Notes 1 550,000 546,000 550,000 529,000 2021 Notes 1 500,000 535,000 500,000 531,000 2022 Notes 1 1,150,000 1,153,000 1,150,000 1,121,000 2024 Notes 1 1,200,000 1,194,000 1,200,000 1,182,000 2025 Notes 1 450,000 452,000 — — (1) Included in Accrued liabilities on the Condensed Consolidated Balance Sheet. (2) Included in Other non-current liabilities on the Condensed Consolidated Balance Sheet. Interest rate swaps were measured at fair value using quoted market prices for the swap interest rate indexes over the term of the swap discounted to present value versus the fixed rate of the contract. The estimated fair value of the Company’s term loans was based on information provided by the agent under the Company’s senior secured credit facility. The estimated fair values of the Company’s 2020 Notes, 2021 Notes, 2022 Notes, 2024 Notes and 2025 Notes were based upon quoted market prices.

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	9 Months Ended
	Jun. 27, 2015
DERIVATIVES AND HEDGING ACTIVITIES	11. DERIVATIVES AND HEDGING ACTIVITIES The Company is exposed to, among other things, the impact of changes in interest rates in the normal course of business. The Company’s risk management program is designed to manage the exposure and volatility arising from these risks, and utilizes derivative financial instruments to offset a portion of these risks. The Company uses derivative financial instruments only to the extent necessary to hedge identified business risks and does not enter into such transactions for trading purposes. The Company generally does not require collateral or other security with counterparties to these financial instruments and is therefore subject to credit risk in the event of nonperformance; however, the Company monitors credit risk and currently does not anticipate nonperformance by other parties. The Company has agreements with each of its swap counterparties that contain a provision whereby if the Company defaults on the credit facility the Company could also be declared in default on its swaps, resulting in an acceleration of payment under the Swaps. Interest rate swap agreements are used to manage interest rate risk associated with floating-rate borrowings under our credit facility. The interest rate swap agreements utilized by the Company effectively modify the Company’s exposure to interest rate risk by converting a portion of the Company’s floating-rate debt to a fixed rate basis through the expiration date of the interest rate swap agreements, thereby reducing the impact of interest rate changes on future interest expense. These agreements involve the receipt of floating rate amounts in exchange for fixed rate interest payments over the term of the agreements without an exchange of the underlying principal amount. These derivative instruments that qualify as effective cash flow hedges under GAAP. For these cash flow hedges, the effective portion of the gain or loss from the financial instruments was initially reported as a component of accumulated other comprehensive income (loss) in stockholders’ equity (deficit) and subsequently reclassified into earnings in the same line as the hedged item in the same period or periods during which the hedged item affected earnings. At June 27, 2015, five forward-starting interest rate swap agreements beginning March 31, 2016 were in place to hedge the variable interest rates on the credit facility for a fixed rate based on an aggregate notional amount of $750 million through June 30, 2020. These forward-starting interest rate swap agreements will effectively convert the variable interest rate on the aggregate notional amount of the credit facility to a fixed rate of 5.8% (2.8% plus the 3% margin percentage) over the term of the interest rate swap agreements. At June 27, 2015, three interest rate swap agreements beginning September 30, 2014 were in place to hedge the variable interest rates on the credit facility for a fixed rate based on an aggregate notional amount of $1.0 billion through June 30, 2019. These interest rate swap agreements converted the variable interest rate on the aggregate notional amount of the credit facility to a fixed rate of 5.4% (2.4% plus the 3% margin percentage) over the term of the interest rate swap agreements. At June 27, 2015, three interest rate swap agreements were in place to swap variable rates on the credit facility for a fixed rate based on an aggregate notional amount of $353 million through June 30, 2015. These interest rate swap agreements converted the variable interest rate on the aggregate notional amount to a fixed rate of 5.17% (2.17% plus the 3% margin percentage) over the term of the interest rate swap agreements. In conjunction with the refinancing of the 2011 credit facility, the Company no longer designated the interest rate swap agreements relating to the $353 million aggregate notional amount as cash flow hedges for accounting purposes. Accordingly, amounts previously recorded as a component of accumulated other comprehensive loss in stockholder’s equity (deficit) are being amortized into earnings over the remaining period of the swap agreements. Based on the fair value amounts of the interest rate swap agreements determined as of June 27, 2015, the estimated net amount of existing gains and losses expected to be reclassified into interest expense within the next twelve months is approximately $19.9 million. In July 2015, the Company entered into six interest rate cap agreements beginning September 30, 2015 to offset the variable rates on the credit facility based on an aggregate notional amount of $750 million. These interest rate cap agreements offset the variability in expected future cash flows on the Company’s variable rate debt attributable to fluctuations above the three month LIBO rate of 2.50% through June 30, 2020.

SEGMENTS

SEGMENTS	9 Months Ended
	Jun. 27, 2015
SEGMENTS	12. SEGMENTS The Company’s businesses are organized and managed in three reporting segments: Power & Control, Airframe and Non-aviation. Effective October 1, 2014, the Company made certain organizational realignments of the businesses comprising the Power & Control and the Airframe segments. Operating results for the thirteen week and thirty-nine week periods ended June 28, 2014 were reclassified to conform to the presentation for the thirteen and thirty-nine week periods ended June 27, 2015. The Power & Control segment includes operations that primarily develop, produce and market systems and components that predominately provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies. Major product offerings include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, engineered connectors and elastomers, power conditioning devices and specialized AC/DC electric motors and generators. Primary customers of this segment are engine and power system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies and repair depots. Products are sold in the original equipment and aftermarket market channels. The Airframe segment includes operations that primarily develop, produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. Major product offerings include engineered latching and locking devices, rods and locking devices, cockpit security components and systems, aircraft audio systems, specialized lavatory components, seatbelts and safety restraints, engineered interior surfaces, lighting and control technology, personnel parachutes, cargo loading, handling and delivery systems, emergency escape systems and naval decoys. Primary customers of this segment are airframe manufacturers and cabin system suppliers and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies and repair depots. Products are sold in the original equipment and aftermarket market channels. The Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. Major product offerings include seatbelts and safety restraints for ground transportation applications, mechanical/electro-mechanical actuators and controls for space applications, and refueling systems for heavy equipment used in mining, construction and other industries. Primary customers of this segment are off road vehicle suppliers and subsystem suppliers, child restraint system suppliers, satellite and space system suppliers and manufacturers of heavy equipment used in mining, construction and other industries. The primary measurement used by management to review and assess the operating performance of each segment is EBITDA As Defined. The Company defines EBITDA As Defined as earnings before interest, taxes, depreciation and amortization plus certain non-operating items including refinancing costs, acquisition-related costs, transaction-related costs and non-cash compensation charges incurred in connection with the Company’s stock option plans. Acquisition-related costs represent accounting adjustments to inventory associated with acquisitions of businesses and product lines that were charged to cost of sales when the inventory was sold; costs incurred to integrate acquired businesses and product lines into the Company’s operations, facility relocation costs and other acquisition-related costs; transaction related costs comprising deal fees; legal, financial and tax diligence expenses and valuation costs that are required to be expensed as incurred and other acquisition accounting adjustments. EBITDA As Defined is not a measurement of financial performance under GAAP. Although the Company uses EBITDA As Defined to assess the performance of its business and for various other purposes, the use of this non-GAAP financial measure as an analytical tool has limitations, and it should not be considered in isolation or as a substitute for analysis of the Company’s results of operations as reported in accordance with GAAP. The Company’s segments are reported on the same basis used internally for evaluating performance and for allocating resources. The accounting policies for each segment are the same as those described in the summary of significant accounting policies in the Company’s consolidated financial statements. Intersegment sales and transfers are recorded at values based on market prices, which creates intercompany profit on intersegment sales or transfers that is eliminated in consolidation. Intersegment sales were insignificant for the periods presented below. The following table presents net sales by reportable segment (in thousands): Thirteen Week Thirty-Nine Week Periods Ended Periods Ended June 27, 2015 June 28, 2014 June 27, 2015 June 28, 2014 Net sales to external customers Power & Control $ 341,867 $ 290,878 $ 917,466 $ 848,472 Airframe 325,250 295,620 909,820 810,572 Non-aviation 24,278 24,084 70,037 71,621 $ 691,395 $ 610,582 $ 1,897,323 $ 1,730,665 The following table reconciles EBITDA As Defined by segment to consolidated income before income taxes (in thousands): Thirteen Week Thirty-Nine Week Periods Ended Periods Ended June 27, 2015 June 28, 2014 June 27, 2015 June 28, 2014 EBITDA As Defined Power & Control $ 163,710 $ 146,998 $ 459,508 $ 424,682 Airframe 150,200 129,579 415,293 358,906 Non-aviation 4,919 4,624 14,797 14,831 Total segment EBITDA As Defined 318,829 281,201 889,598 798,419 Unallocated corporate expenses 5,974 5,617 18,946 16,310 Total Company EBITDA As Defined 312,855 275,584 870,652 782,109 Depreciation and amortization expense 26,921 24,821 67,767 74,541 Interest expense - net 106,796 87,613 305,623 250,755 Acquisition-related costs 12,271 2,355 19,288 18,297 Stock compensation expense 9,841 6,516 23,435 18,849 Refinancing costs 18,159 131,490 18,159 131,490 Other, net 126 1,912 (763 ) 1,322 Income before income taxes $ 138,741 $ 20,877 $ 437,143 $ 286,855 The following table presents total assets by segment (in thousands): June 27, 2015 September 30, 2014 Total assets Power & Control $ 3,242,893 $ 2,453,308 Airframe 3,855,517 3,243,516 Non-aviation 131,944 132,988 Corporate 1,120,028 927,036 $ 8,350,382 $ 6,756,848 The Company’s sales principally originate from the United States, and the Company’s long-lived assets are principally located in the United States.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Jun. 27, 2015
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS On July 29, 2015, TransDigm Inc. entered into a definitive agreement to acquire PneuDraulics, Inc. (“PneuDraulics”) for approximately $325 million in cash. The purchase price includes approximately $107 million of tax benefits to be realized by the Company over a 15 year period beginning in 2015. The Company expects to finance the acquisition through existing cash on hand and existing availability under our revolving credit facility. PneuDraulics manufactures proprietary, highly engineered aerospace pneumatic and hydraulic components and sub-systems for commercial transport, regional, business jet and military applications. PneuDraulics will be included in TransDigm’s Power & Control segment. In connection with the Company’s amendment of the trade accounts receivable securitization facility to a maturity date of August 2, 2016, the Company increased the borrowing capacity from $225 million to $250 million.

SUPPLEMENTAL GUARANTOR INFORMAT

SUPPLEMENTAL GUARANTOR INFORMATION	9 Months Ended
	Jun. 27, 2015
SUPPLEMENTAL GUARANTOR INFORMATION	14. SUPPLEMENTAL GUARANTOR INFORMATION TransDigm’s 2020 Notes, 2021 Notes, 2022 Notes, 2024 Notes and 2025 Notes are jointly and severally guaranteed, on a senior subordinated basis, by TD Group and TransDigm Inc.’s 100% Domestic Restricted Subsidiaries, as defined in the Indentures. The following supplemental condensed consolidating financial information presents, in separate columns, the balance sheets of the Company as of June 27, 2015 and September 30, 2014 and its statements of income and comprehensive income and cash flows for the thirty-nine week periods ended June 27, 2015 and June 28, 2014 for (i) TransDigm Group on a parent only basis with its investment in subsidiaries recorded under the equity method, (ii) TransDigm Inc. including its directly owned operations and non-operating entities, (iii) the Subsidiary Guarantors on a combined basis, (iv) Non-Guarantor Subsidiaries and (v) the Company on a consolidated basis. Separate financial statements of TransDigm Inc. are not presented because TransDigm Inc.’s 2020 Notes, 2021 Notes, 2022 Notes, 2024 Notes and 2025 Notes are fully and unconditionally guaranteed on a senior subordinated basis by TD Group and all existing 100% owned domestic subsidiaries of TransDigm Inc. and because TD Group has no significant operations or assets separate from its investment in TransDigm Inc. TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATING BALANCE SHEET AS OF JUNE 27, 2015 (Amounts in thousands) TransDigm TransDigm Subsidiary Non- Guarantor Total Group Inc. Guarantors Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS: Cash and cash equivalents $ 8,469 $ 853,618 $ 2,011 $ 51,252 $ — $ 915,350 Trade accounts receivable - Net — (262 ) 30,612 399,856 (10,251 ) 419,955 Inventories - Net — 37,165 441,217 96,504 (700 ) 574,186 Deferred income taxes — 36,814 43 766 — 37,623 Prepaid expenses and other — 50,967 13,426 17,979 — 82,372 Total current assets 8,469 978,302 487,309 566,357 (10,951 ) 2,029,486 INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES (1,177,494 ) 6,662,175 4,282,143 (50,649 ) (9,716,175 ) — PROPERTY, PLANT AND EQUIPMENT -Net — 17,984 189,311 43,628 — 250,923 GOODWILL — 150,877 4,015,541 158,541 — 4,324,959 TRADEMARKS AND TRADE NAMES — 31,748 605,621 59,437 — 696,806 OTHER INTANGIBLE ASSETS - Net — 7,235 920,078 19,542 (1,461 ) 945,394 DEBT ISSUE COSTS - Net — 80,104 — 16 — 80,120 OTHER — 6,166 14,678 1,850 — 22,694 TOTAL ASSETS $ (1,169,025 ) $ 7,934,591 $ 10,514,681 $ 798,722 $ (9,728,587 ) $ 8,350,382 LIABILITIES AND STOCKHOLDERS’ CURRENT LIABILITIES: Current portion of long-term debt $ — $ 44,195 $ — $ — $ — $ 44,195 Short-term borrowings - trade receivable securitization facility — — — 200,000 — 200,000 Accounts payable — 17,485 89,131 32,671 (10,237 ) 129,050 Accrued liabilities — 151,606 95,408 59,430 — 306,444 Total current liabilities — 213,286 184,539 292,101 (10,237 ) 679,689 LONG-TERM DEBT — 8,204,862 — — — 8,204,862 DEFERRED INCOME TAXES — 490,782 3,053 (234 ) — 493,601 OTHER NON-CURRENT LIABILITIES — 67,177 36,403 37,675 — 141,255 Total liabilities — 8,976,107 223,995 329,542 (10,237 ) 9,519,407 STOCKHOLDERS’ (DEFICIT) EQUITY (1,169,025 ) (1,041,516 ) 10,290,686 469,180 (9,720,144 ) (1,169,025 ) TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY $ (1,169,025 ) $ 7,934,591 $ 10,514,681 $ 798,722 $ (9,730,381 ) $ 8,350,382 TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATING BALANCE SHEET AS OF SEPTEMBER 30, 2014 (Amounts in thousands) TransDigm TransDigm Subsidiary Non- Guarantor Total Group Inc. Guarantors Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS: Cash and cash equivalents $ 2,088 $ 782,648 $ 3,793 $ 31,019 $ — $ 819,548 Trade accounts receivable - Net — (305 ) 1,711 351,881 (1,980 ) 351,307 Inventories - Net — 32,287 382,016 45,471 (700 ) 459,074 Deferred income taxes — 37,669 — — — 37,669 Prepaid expenses and other — 2,040 14,789 5,149 — 21,978 Total current assets 2,088 854,339 402,309 433,520 (2,680 ) 1,689,576 INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES (1,558,187 ) 5,327,465 3,758,085 (59,788 ) (7,467,575 ) — PROPERTY, PLANT AND EQUIPMENT - Net — 15,884 167,257 28,967 — 212,108 GOODWILL — 64,461 3,289,295 171,321 — 3,525,077 TRADEMARKS AND TRADE NAMES — 19,377 449,706 45,437 — 514,520 OTHER INTANGIBLE ASSETS - Net — 20,689 642,305 41,099 (1,460 ) 702,633 DEBT ISSUE COSTS - Net — 92,155 — 238 — 92,393 OTHER — 7,845 11,754 942 — 20,541 TOTAL ASSETS $ (1,556,099 ) $ 6,402,215 $ 8,720,711 $ 661,736 $ (7,471,715 ) $ 6,756,848 LIABILITIES AND STOCKHOLDERS’ CURRENT LIABILITIES: Current portion of long-term debt $ — $ 39,295 $ — $ — $ — $ 39,295 Short-term borrowings - trade receivable securitization facility — — — 200,000 — 200,000 Accounts payable — 17,629 85,328 14,768 (1,984 ) 115,741 Accrued liabilities — 106,631 98,308 25,932 — 230,871 Total current liabilities — 163,555 183,636 240,700 (1,984 ) 585,907 LONG-TERM DEBT — 7,233,836 — — — 7,233,836 DEFERRED INCOME TAXES — 402,538 — (291 ) — 402,247 OTHER NON-CURRENT LIABILITIES — 42,470 42,445 6,042 — 90,957 Total liabilities — 7,842,399 226,081 246,451 (1,984 ) 8,312,947 STOCKHOLDERS’ (DEFICIT) EQUITY (1,556,099 ) (1,440,184 ) 8,494,630 415,285 (7,469,731 ) (1,556,099 ) TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY $ (1,556,099 ) $ 6,402,215 $ 8,720,711 $ 661,736 $ (7,471,715 ) $ 6,756,848 TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME FOR THE THIRTY-NINE WEEK PERIOD ENDED JUNE 27, 2015 (Amounts in thousands) TransDigm TransDigm Subsidiary Non- Guarantor Total Group Inc. Guarantors Subsidiaries Eliminations Consolidated NET SALES $ — $ 95,145 $ 1,619,184 $ 192,926 $ (9,932 ) $ 1,897,323 COST OF SALES — 57,550 700,720 126,740 (9,932 ) 875,078 GROSS PROFIT — 37,595 918,464 66,186 0 1,022,245 SELLING AND ADMINISTRATIVE EXPENSES — 59,979 136,490 26,885 — 223,354 AMORTIZATION OF INTANGIBLE ASSETS — 1,044 33,941 2,981 — 37,966 INCOME (LOSS) FROM OPERATIONS — (23,428 ) 748,033 36,320 0 760,925 INTEREST EXPENSE - Net — 313,706 (289 ) (7,794 ) — 305,623 REFINANCING COSTS — 18,159 — — — 18,159 EQUITY IN INCOME OF SUBSIDIARIES (305,539 ) (558,191 ) — — 863,730 — INCOME BEFORE INCOME TAXES 305,539 202,898 748,322 44,114 (863,730 ) 437,143 INCOME TAX PROVISION (BENEFIT) — (102,641 ) 226,369 7,876 — 131,604 NET INCOME $ 305,539 $ 305,539 $ 521,953 $ 36,238 $ (863,730 ) $ 305,539 OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX (33,421 ) (25,418 ) 1,944 (22,825 ) 46,299 (33,421 ) TOTAL COMPREHENSIVE INCOME $ 272,118 $ 280,121 $ 523,897 $ 13,413 $ (817,431 ) $ 272,118 TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME FOR THE THIRTY-NINE WEEK PERIOD ENDED JUNE 28, 2014 (Amounts in thousands) TransDigm TransDigm Subsidiary Non- Guarantor Total Group Inc. Guarantors Subsidiaries Eliminations Consolidated NET SALES $ — $ 88,655 $ 1,503,341 $ 146,508 $ (7,839 ) $ 1,730,665 COST OF SALES — 53,714 660,960 104,807 (8,062 ) 811,419 GROSS PROFIT — 34,941 842,381 41,701 223 919,246 SELLING AND ADMINISTRATIVE EXPENSES — 46,302 129,695 23,764 — 199,761 AMORTIZATION OF INTANGIBLE ASSETS — 1,041 45,043 4,301 — 50,385 INCOME (LOSS) FROM OPERATIONS — (12,402 ) 667,643 13,636 223 669,100 INTEREST EXPENSE - Net — 249,957 (46 ) 844 — 250,755 REFINANCING COSTS — 131,490 131,490 EQUITY IN INCOME OF SUBSIDIARIES (192,655 ) (444,083 ) — — 636,738 — INCOME BEFORE INCOME TAXES 192,655 50,234 667,689 12,792 (636,515 ) 286,855 INCOME TAX PROVISION (BENEFIT) — (142,421 ) 229,333 7,288 — 94,200 NET INCOME $ 192,655 $ 192,655 $ 438,356 $ 5,504 $ (636,515 ) $ 192,655 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX (329 ) (7,401 ) 2,173 4,899 329 (329 ) TOTAL COMPREHENSIVE INCOME $ 192,326 $ 185,254 $ 440,529 $ 10,403 $ (636,186 ) $ 192,326 TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THIRTY-NINE WEEK PERIOD ENDED JUNE 27, 2015 (Amounts in thousands) TransDigm TransDigm Subsidiary Non- Guarantor Total Group Inc. Guarantors Subsidiaries Eliminations Consolidated NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES $ — $ (109,574 ) $ 472,150 $ 10,833 $ 18 $ 373,427 INVESTING ACTIVITIES: Capital expenditures, net of disposals — (3,713 ) (30,710 ) (5,876 ) — (40,299 ) Acquisition of businesses, net of cash acquired — (1,293,498 ) — — — (1,293,498 ) Net cash used in investing activities — (1,297,211 ) (30,710 ) (5,876 ) — (1,333,797 ) FINANCING ACTIVITIES: Intercompany activities (1,052,819 ) 1,478,706 (443,222 ) 17,353 (18 ) — Excess tax benefits related to share-based payment arrangements 50,580 — — — — 50,580 Proceeds from exercise of stock options 52,982 — — — — 52,982 Dividends paid (3,365 ) — — — — (3,365 ) Proceeds from 2015 term loan - net 1,516,653 — 1,516,653 Proceeds from revolving credit facility 75,250 75,250 Repayment on 2014 term loan (4,126 ) — (4,126 ) Repayment on 2013 term loan (999,272 ) — (999,272 ) Repayment on revolving credit facility (75,250 ) — (75,250 ) Proceeds from senior subordinated notes due 2025 - net 445,746 445,746 Other financing activities — (949 ) — — — (949 ) Net cash provided by (used in) financing activities 6,381 1,477,755 (443,222 ) 17,353 (18 ) 1,058,249 EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS — — — (2,077 ) — (2,077 ) INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,381 70,970 (1,782 ) 20,233 — 95,802 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 2,088 782,648 3,793 31,019 — 819,548 CASH AND CASH EQUIVALENTS, END OF PERIOD $ 8,469 $ 853,618 $ 2,011 $ 51,252 $ — $ 915,350 TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THIRTY-NINE WEEK PERIOD ENDED JUNE 28, 2014 (Amounts in thousands) TransDigm TransDigm Subsidiary Non- Guarantor Total Group Inc. Guarantors Subsidiaries Eliminations Consolidated NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES $ — $ (75,896 ) $ 721,101 $ (288,579 ) $ (7,097 ) $ 349,529 INVESTING ACTIVITIES: Capital expenditures, net of disposals — (2,142 ) (20,667 ) (2,641 ) — (25,450 ) Cash proceeds from sale of real estate — — 16,380 — — 16,380 Acquisition of business, net of cash acquired — (311,872 ) — — — (311,872 ) Net cash used in investing activities — (314,014 ) (4,287 ) (2,641 ) — (320,942 ) FINANCING ACTIVITIES: Intercompany activities 1,463,362 (856,069 ) (724,165 ) 109,775 7,097 — Excess tax benefits related to share-based payment arrangements 40,481 — — — — 40,481 Proceeds from exercise of stock options 14,649 — — — — 14,649 Dividends paid (1,445,293 ) — — — — (1,445,293 ) Treasury stock repurchased (72,402 ) — — — — (72,402 ) Proceeds from 2014 term loan - net — 806,378 — — — 806,378 Repayment on 2013 term loan — (15,522 ) — — — (15,522 ) Proceeds from senior subordinated notes due 2022 and 2024 - net — 2,329,125 — — — 2,329,125 Repurchase of senior subordinated notes due 2018 — (1,720,997 ) — — — (1,720,997 ) Proceeds from trade receivable securitization facility - net — — — 199,390 — 199,390 Other financing activities — (78 ) — — — (78 ) Net cash provided by (used in) financing activities 797 542,837 (724,165 ) 309,165 7,097 135,731 EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS — — — 76 — 76 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 797 152,927 (7,351 ) 18,021 — 164,394 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,313 536,863 7,900 18,664 — 564,740 CASH AND CASH EQUIVALENTS, END OF PERIOD $ 2,110 $ 689,790 $ 549 $ 36,685 $ — $ 729,134

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Jun. 27, 2015
Purchase Price Allocation of Estimated Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the purchase price allocation of the estimated fair values of the assets acquired and liabilities assumed at the transaction date (in thousands). Assets acquired: Current assets, excluding cash acquired $ 143,417 Property, plant, and equipment 16,426 Intangible assets 290,000 Goodwill 439,946 Other 1,445 Total assets acquired $ 891,234 Liabilities assumed: Current liabilities $ 46,708 Other noncurrent liabilities 121,326 Total liabilities assumed $ 168,034 Net assets acquired $ 723,200

EARNINGS PER SHARE (TWO-CLASS24

EARNINGS PER SHARE (TWO-CLASS METHOD) (Tables)	9 Months Ended
	Jun. 27, 2015
Computation of Basic and Diluted Earnings (Loss) Per Share	The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share data): Thirteen Week Periods Ended Thirty-Nine Week Periods Ended June 27, 2015 June 28, 2014 June 27, 2015 June 28, 2014 ` Numerator for earnings (loss) per share: Net income $ 99,112 $ 16,177 $ 305,539 $ 192,655 Less dividends paid on participating securities — (110,903 ) (3,365 ) (120,528 ) Net income (loss) applicable to common stock - basic and diluted $ 99,112 $ (94,726 ) $ 302,174 $ 72,127 Denominator for basic and diluted earnings (loss) per share under the two-class method: Weighted average common shares outstanding 53,361 52,915 52,937 52,802 Vested options deemed participating securities 3,247 4,255 3,668 4,275 Total shares for basic and diluted earnings (loss) per share 56,608 57,170 56,605 57,077 Basic and diluted earnings (loss) per share $ 1.75 $ (1.66 ) $ 5.34 $ 1.26

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Jun. 27, 2015
Inventories	Inventories consist of the following (in thousands): June 27, September 30, Raw materials and purchased component parts $ 376,722 $ 298,318 Work-in-progress 147,189 146,980 Finished Goods 114,183 69,658 Total 638,094 514,956 Reserves for excess and obsolete inventory and LIFO (63,908 ) (55,882 ) Inventories - net $ 574,186 $ 459,074

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Jun. 27, 2015
Intangible Assets Subject to Amortization	Intangible assets subject to amortization consist of the following (in thousands): June 27, 2015 September 30, 2014 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Technology $ 1,121,330 $ 219,604 $ 901,726 $ 854,918 $ 186,278 $ 668,640 Order backlog 23,091 9,859 13,232 8,006 6,006 2,000 Other 43,304 12,868 30,436 43,252 11,259 31,993 Total $ 1,187,725 $ 242,331 $ 945,394 $ 906,176 $ 203,543 $ 702,633
Intangible Assets Acquired	Intangible assets acquired during the thirty-nine week period ended June 27, 2015 were as follows (in thousands): Cost Amortization Period Intangible assets not subject to amortization: Goodwill $ 816,490 Trademarks and trade names 185,053 1,001,543 Intangible assets subject to amortization: Technology 266,563 20 years Order backlog 15,085 1 year 281,648 19.0 years Total $ 1,283,191
Summary of Changes in Carrying Value of Goodwill	The following is a summary of changes in the carrying value of goodwill by segment from September 30, 2014 through June 27, 2015 (in thousands): Power & Control Airframe Non- aviation Total Balance, September 30, 2014 $ 1,563,438 $ 1,906,270 $ 55,369 $ 3,525,077 Goodwill acquired during the year 406,706 409,784 — 816,490 Purchase price allocation adjustments — (2,424 ) — (2,424 ) Other (3,585 ) (10,599 ) — (14,184 ) Balance, June 27, 2015 $ 1,966,559 $ 2,303,031 $ 55,369 $ 4,324,959

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Jun. 27, 2015
Debt	The Company’s debt consists of the following (in thousands): June 27, September 30, Short-term borrowings - trade receivable securitization facility $ 200,000 $ 200,000 Term loans $ 4,399,057 $ 3,873,131 5 1/2% senior subordinated notes due 2020 (2020 Notes) 550,000 550,000 7 1/2% senior subordinated notes due 2021 (2021 Notes) 500,000 500,000 6% senior subordinated notes due 2022 (2022 Notes) 1,150,000 1,150,000 6 1/2% senior subordinated notes due 2024 (2024 Notes) 1,200,000 1,200,000 6 1/2% senior subordinated notes due 2025 (2025 Notes) 450,000 — 8,249,057 7,273,131 Less current portion 44,195 39,295 Long-term debt $ 8,204,862 $ 7,233,836

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Jun. 27, 2015
Carrying Amounts and Fair Values of Financial Instruments	The following summarizes the carrying amounts and fair values of financial instruments (in thousands): June 27, 2015 September 30, 2014 Level Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents 1 $ 915,350 $ 915,350 $ 819,548 $ 819,548 Liabilities: Interest rate swap agreements (1) 2 25,010 25,010 20,070 20,070 Interest rate swap agreements (2) 2 25,250 25,250 4,650 4,650 Short-term borrowings - trade receivable securitization facility 1 200,000 200,000 200,000 200,000 Long-term debt, including current portion: Term loans 2 4,399,057 4,365,000 3,873,131 3,821,000 2020 Notes 1 550,000 546,000 550,000 529,000 2021 Notes 1 500,000 535,000 500,000 531,000 2022 Notes 1 1,150,000 1,153,000 1,150,000 1,121,000 2024 Notes 1 1,200,000 1,194,000 1,200,000 1,182,000 2025 Notes 1 450,000 452,000 — — (1) Included in Accrued liabilities on the Condensed Consolidated Balance Sheet. (2) Included in Other non-current liabilities on the Condensed Consolidated Balance Sheet.

SEGMENTS (Tables)

SEGMENTS (Tables)	9 Months Ended
	Jun. 27, 2015
Net Sales by Reportable Segment	The following table presents net sales by reportable segment (in thousands): Thirteen Week Thirty-Nine Week Periods Ended Periods Ended June 27, 2015 June 28, 2014 June 27, 2015 June 28, 2014 Net sales to external customers Power & Control $ 341,867 $ 290,878 $ 917,466 $ 848,472 Airframe 325,250 295,620 909,820 810,572 Non-aviation 24,278 24,084 70,037 71,621 $ 691,395 $ 610,582 $ 1,897,323 $ 1,730,665
EBITDA Defined by Segment to Consolidated Income Before Taxes Operations	The following table reconciles EBITDA As Defined by segment to consolidated income before income taxes (in thousands): Thirteen Week Thirty-Nine Week Periods Ended Periods Ended June 27, 2015 June 28, 2014 June 27, 2015 June 28, 2014 EBITDA As Defined Power & Control $ 163,710 $ 146,998 $ 459,508 $ 424,682 Airframe 150,200 129,579 415,293 358,906 Non-aviation 4,919 4,624 14,797 14,831 Total segment EBITDA As Defined 318,829 281,201 889,598 798,419 Unallocated corporate expenses 5,974 5,617 18,946 16,310 Total Company EBITDA As Defined 312,855 275,584 870,652 782,109 Depreciation and amortization expense 26,921 24,821 67,767 74,541 Interest expense - net 106,796 87,613 305,623 250,755 Acquisition-related costs 12,271 2,355 19,288 18,297 Stock compensation expense 9,841 6,516 23,435 18,849 Refinancing costs 18,159 131,490 18,159 131,490 Other, net 126 1,912 (763 ) 1,322 Income before income taxes $ 138,741 $ 20,877 $ 437,143 $ 286,855
Total Assets by Segment	The following table presents total assets by segment (in thousands): June 27, 2015 September 30, 2014 Total assets Power & Control $ 3,242,893 $ 2,453,308 Airframe 3,855,517 3,243,516 Non-aviation 131,944 132,988 Corporate 1,120,028 927,036 $ 8,350,382 $ 6,756,848

SUPPLEMENTAL GUARANTOR INFORM30

SUPPLEMENTAL GUARANTOR INFORMATION (Tables)	9 Months Ended
	Jun. 27, 2015
Supplemental Condensed Consolidating Balance Sheet	TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATING BALANCE SHEET AS OF JUNE 27, 2015 (Amounts in thousands) TransDigm TransDigm Subsidiary Non- Guarantor Total Group Inc. Guarantors Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS: Cash and cash equivalents $ 8,469 $ 853,618 $ 2,011 $ 51,252 $ — $ 915,350 Trade accounts receivable - Net — (262 ) 30,612 399,856 (10,251 ) 419,955 Inventories - Net — 37,165 441,217 96,504 (700 ) 574,186 Deferred income taxes — 36,814 43 766 — 37,623 Prepaid expenses and other — 50,967 13,426 17,979 — 82,372 Total current assets 8,469 978,302 487,309 566,357 (10,951 ) 2,029,486 INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES (1,177,494 ) 6,662,175 4,282,143 (50,649 ) (9,716,175 ) — PROPERTY, PLANT AND EQUIPMENT -Net — 17,984 189,311 43,628 — 250,923 GOODWILL — 150,877 4,015,541 158,541 — 4,324,959 TRADEMARKS AND TRADE NAMES — 31,748 605,621 59,437 — 696,806 OTHER INTANGIBLE ASSETS - Net — 7,235 920,078 19,542 (1,461 ) 945,394 DEBT ISSUE COSTS - Net — 80,104 — 16 — 80,120 OTHER — 6,166 14,678 1,850 — 22,694 TOTAL ASSETS $ (1,169,025 ) $ 7,934,591 $ 10,514,681 $ 798,722 $ (9,728,587 ) $ 8,350,382 LIABILITIES AND STOCKHOLDERS’ CURRENT LIABILITIES: Current portion of long-term debt $ — $ 44,195 $ — $ — $ — $ 44,195 Short-term borrowings - trade receivable securitization facility — — — 200,000 — 200,000 Accounts payable — 17,485 89,131 32,671 (10,237 ) 129,050 Accrued liabilities — 151,606 95,408 59,430 — 306,444 Total current liabilities — 213,286 184,539 292,101 (10,237 ) 679,689 LONG-TERM DEBT — 8,204,862 — — — 8,204,862 DEFERRED INCOME TAXES — 490,782 3,053 (234 ) — 493,601 OTHER NON-CURRENT LIABILITIES — 67,177 36,403 37,675 — 141,255 Total liabilities — 8,976,107 223,995 329,542 (10,237 ) 9,519,407 STOCKHOLDERS’ (DEFICIT) EQUITY (1,169,025 ) (1,041,516 ) 10,290,686 469,180 (9,720,144 ) (1,169,025 ) TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY $ (1,169,025 ) $ 7,934,591 $ 10,514,681 $ 798,722 $ (9,730,381 ) $ 8,350,382 TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATING BALANCE SHEET AS OF SEPTEMBER 30, 2014 (Amounts in thousands) TransDigm TransDigm Subsidiary Non- Guarantor Total Group Inc. Guarantors Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS: Cash and cash equivalents $ 2,088 $ 782,648 $ 3,793 $ 31,019 $ — $ 819,548 Trade accounts receivable - Net — (305 ) 1,711 351,881 (1,980 ) 351,307 Inventories - Net — 32,287 382,016 45,471 (700 ) 459,074 Deferred income taxes — 37,669 — — — 37,669 Prepaid expenses and other — 2,040 14,789 5,149 — 21,978 Total current assets 2,088 854,339 402,309 433,520 (2,680 ) 1,689,576 INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES (1,558,187 ) 5,327,465 3,758,085 (59,788 ) (7,467,575 ) — PROPERTY, PLANT AND EQUIPMENT - Net — 15,884 167,257 28,967 — 212,108 GOODWILL — 64,461 3,289,295 171,321 — 3,525,077 TRADEMARKS AND TRADE NAMES — 19,377 449,706 45,437 — 514,520 OTHER INTANGIBLE ASSETS - Net — 20,689 642,305 41,099 (1,460 ) 702,633 DEBT ISSUE COSTS - Net — 92,155 — 238 — 92,393 OTHER — 7,845 11,754 942 — 20,541 TOTAL ASSETS $ (1,556,099 ) $ 6,402,215 $ 8,720,711 $ 661,736 $ (7,471,715 ) $ 6,756,848 LIABILITIES AND STOCKHOLDERS’ CURRENT LIABILITIES: Current portion of long-term debt $ — $ 39,295 $ — $ — $ — $ 39,295 Short-term borrowings - trade receivable securitization facility — — — 200,000 — 200,000 Accounts payable — 17,629 85,328 14,768 (1,984 ) 115,741 Accrued liabilities — 106,631 98,308 25,932 — 230,871 Total current liabilities — 163,555 183,636 240,700 (1,984 ) 585,907 LONG-TERM DEBT — 7,233,836 — — — 7,233,836 DEFERRED INCOME TAXES — 402,538 — (291 ) — 402,247 OTHER NON-CURRENT LIABILITIES — 42,470 42,445 6,042 — 90,957 Total liabilities — 7,842,399 226,081 246,451 (1,984 ) 8,312,947 STOCKHOLDERS’ (DEFICIT) EQUITY (1,556,099 ) (1,440,184 ) 8,494,630 415,285 (7,469,731 ) (1,556,099 ) TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY $ (1,556,099 ) $ 6,402,215 $ 8,720,711 $ 661,736 $ (7,471,715 ) $ 6,756,848
Supplemental Condensed Consolidating Statement of Income and Comprehensive Income	TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME FOR THE THIRTY-NINE WEEK PERIOD ENDED JUNE 27, 2015 (Amounts in thousands) TransDigm TransDigm Subsidiary Non- Guarantor Total Group Inc. Guarantors Subsidiaries Eliminations Consolidated NET SALES $ — $ 95,145 $ 1,619,184 $ 192,926 $ (9,932 ) $ 1,897,323 COST OF SALES — 57,550 700,720 126,740 (9,932 ) 875,078 GROSS PROFIT — 37,595 918,464 66,186 0 1,022,245 SELLING AND ADMINISTRATIVE EXPENSES — 59,979 136,490 26,885 — 223,354 AMORTIZATION OF INTANGIBLE ASSETS — 1,044 33,941 2,981 — 37,966 INCOME (LOSS) FROM OPERATIONS — (23,428 ) 748,033 36,320 0 760,925 INTEREST EXPENSE - Net — 313,706 (289 ) (7,794 ) — 305,623 REFINANCING COSTS — 18,159 — — — 18,159 EQUITY IN INCOME OF SUBSIDIARIES (305,539 ) (558,191 ) — — 863,730 — INCOME BEFORE INCOME TAXES 305,539 202,898 748,322 44,114 (863,730 ) 437,143 INCOME TAX PROVISION (BENEFIT) — (102,641 ) 226,369 7,876 — 131,604 NET INCOME $ 305,539 $ 305,539 $ 521,953 $ 36,238 $ (863,730 ) $ 305,539 OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX (33,421 ) (25,418 ) 1,944 (22,825 ) 46,299 (33,421 ) TOTAL COMPREHENSIVE INCOME $ 272,118 $ 280,121 $ 523,897 $ 13,413 $ (817,431 ) $ 272,118 TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME FOR THE THIRTY-NINE WEEK PERIOD ENDED JUNE 28, 2014 (Amounts in thousands) TransDigm TransDigm Subsidiary Non- Guarantor Total Group Inc. Guarantors Subsidiaries Eliminations Consolidated NET SALES $ — $ 88,655 $ 1,503,341 $ 146,508 $ (7,839 ) $ 1,730,665 COST OF SALES — 53,714 660,960 104,807 (8,062 ) 811,419 GROSS PROFIT — 34,941 842,381 41,701 223 919,246 SELLING AND ADMINISTRATIVE EXPENSES — 46,302 129,695 23,764 — 199,761 AMORTIZATION OF INTANGIBLE ASSETS — 1,041 45,043 4,301 — 50,385 INCOME (LOSS) FROM OPERATIONS — (12,402 ) 667,643 13,636 223 669,100 INTEREST EXPENSE - Net — 249,957 (46 ) 844 — 250,755 REFINANCING COSTS — 131,490 131,490 EQUITY IN INCOME OF SUBSIDIARIES (192,655 ) (444,083 ) — — 636,738 — INCOME BEFORE INCOME TAXES 192,655 50,234 667,689 12,792 (636,515 ) 286,855 INCOME TAX PROVISION (BENEFIT) — (142,421 ) 229,333 7,288 — 94,200 NET INCOME $ 192,655 $ 192,655 $ 438,356 $ 5,504 $ (636,515 ) $ 192,655 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX (329 ) (7,401 ) 2,173 4,899 329 (329 ) TOTAL COMPREHENSIVE INCOME $ 192,326 $ 185,254 $ 440,529 $ 10,403 $ (636,186 ) $ 192,326
Supplemental Condensed Consolidating Statement of Cash Flows	TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THIRTY-NINE WEEK PERIOD ENDED JUNE 27, 2015 (Amounts in thousands) TransDigm TransDigm Subsidiary Non- Guarantor Total Group Inc. Guarantors Subsidiaries Eliminations Consolidated NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES $ — $ (109,574 ) $ 472,150 $ 10,833 $ 18 $ 373,427 INVESTING ACTIVITIES: Capital expenditures, net of disposals — (3,713 ) (30,710 ) (5,876 ) — (40,299 ) Acquisition of businesses, net of cash acquired — (1,293,498 ) — — — (1,293,498 ) Net cash used in investing activities — (1,297,211 ) (30,710 ) (5,876 ) — (1,333,797 ) FINANCING ACTIVITIES: Intercompany activities (1,052,819 ) 1,478,706 (443,222 ) 17,353 (18 ) — Excess tax benefits related to share-based payment arrangements 50,580 — — — — 50,580 Proceeds from exercise of stock options 52,982 — — — — 52,982 Dividends paid (3,365 ) — — — — (3,365 ) Proceeds from 2015 term loan - net 1,516,653 — 1,516,653 Proceeds from revolving credit facility 75,250 75,250 Repayment on 2014 term loan (4,126 ) — (4,126 ) Repayment on 2013 term loan (999,272 ) — (999,272 ) Repayment on revolving credit facility (75,250 ) — (75,250 ) Proceeds from senior subordinated notes due 2025 - net 445,746 445,746 Other financing activities — (949 ) — — — (949 ) Net cash provided by (used in) financing activities 6,381 1,477,755 (443,222 ) 17,353 (18 ) 1,058,249 EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS — — — (2,077 ) — (2,077 ) INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,381 70,970 (1,782 ) 20,233 — 95,802 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 2,088 782,648 3,793 31,019 — 819,548 CASH AND CASH EQUIVALENTS, END OF PERIOD $ 8,469 $ 853,618 $ 2,011 $ 51,252 $ — $ 915,350 TRANSDIGM GROUP INCORPORATED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THIRTY-NINE WEEK PERIOD ENDED JUNE 28, 2014 (Amounts in thousands) TransDigm TransDigm Subsidiary Non- Guarantor Total Group Inc. Guarantors Subsidiaries Eliminations Consolidated NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES $ — $ (75,896 ) $ 721,101 $ (288,579 ) $ (7,097 ) $ 349,529 INVESTING ACTIVITIES: Capital expenditures, net of disposals — (2,142 ) (20,667 ) (2,641 ) — (25,450 ) Cash proceeds from sale of real estate — — 16,380 — — 16,380 Acquisition of business, net of cash acquired — (311,872 ) — — — (311,872 ) Net cash used in investing activities — (314,014 ) (4,287 ) (2,641 ) — (320,942 ) FINANCING ACTIVITIES: Intercompany activities 1,463,362 (856,069 ) (724,165 ) 109,775 7,097 — Excess tax benefits related to share-based payment arrangements 40,481 — — — — 40,481 Proceeds from exercise of stock options 14,649 — — — — 14,649 Dividends paid (1,445,293 ) — — — — (1,445,293 ) Treasury stock repurchased (72,402 ) — — — — (72,402 ) Proceeds from 2014 term loan - net — 806,378 — — — 806,378 Repayment on 2013 term loan — (15,522 ) — — — (15,522 ) Proceeds from senior subordinated notes due 2022 and 2024 - net — 2,329,125 — — — 2,329,125 Repurchase of senior subordinated notes due 2018 — (1,720,997 ) — — — (1,720,997 ) Proceeds from trade receivable securitization facility - net — — — 199,390 — 199,390 Other financing activities — (78 ) — — — (78 ) Net cash provided by (used in) financing activities 797 542,837 (724,165 ) 309,165 7,097 135,731 EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS — — — 76 — 76 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 797 152,927 (7,351 ) 18,021 — 164,394 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,313 536,863 7,900 18,664 — 564,740 CASH AND CASH EQUIVALENTS, END OF PERIOD $ 2,110 $ 689,790 $ 549 $ 36,685 $ — $ 729,134

Description of The Business - A

Description of The Business - Additional Information (Detail)	Jun. 27, 2015
Nature Of Business [Line Items]
Percentage of ownership in subsidiary	100.00%

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - Entity [Domain] - USD ($) $ in Thousands	Jul. 29, 2015	May. 14, 2015	Mar. 31, 2015	Mar. 26, 2015	Mar. 06, 2014	Dec. 19, 2013	Jul. 31, 2015	Jun. 27, 2015	Sep. 30, 2014
Business Acquisition [Line Items]
Goodwill								$ 4,324,959	$ 3,525,077
Subsequent Event
Business Acquisition [Line Items]
Cash consideration paid to acquire business	$ 325,000
Minimum
Business Acquisition [Line Items]
Estimated useful life of aircraft (in years)								25 years
Maximum
Business Acquisition [Line Items]
Estimated useful life of aircraft (in years)								30 years
Telair Cargo Group
Business Acquisition [Line Items]
Cash consideration paid to acquire business				$ 730,900
Goodwill				439,946
Business acquisition, assumption of net indebtedness				168,034
Telair Cargo Group | Revolving credit facility
Business Acquisition [Line Items]
Borrowing under revolving credit facility				$ 75,000
Telair Cargo Group | Subsequent Event
Business Acquisition [Line Items]
Business acquisition, purchase price adjustment							$ 600
Pexco Aerospace
Business Acquisition [Line Items]
Cash consideration paid to acquire business		$ 496,000
Tax benefits		$ (160,000)
Tax benefits realization period		15 years
Amount of goodwill expected to be non deductible for tax		$ 320,600
Pexco Aerospace | Senior Subordinated Notes Due 2025
Business Acquisition [Line Items]
Business combination, long term debt assumed		$ 450,000
Senior subordinate note, due date		2,025
Pexco Aerospace | Subsequent Event
Business Acquisition [Line Items]
Business acquisition, purchase price adjustment							$ 400
Adams Rite Aerospace GmbH
Business Acquisition [Line Items]
Cash consideration paid to acquire business			$ 75,000
Goodwill			$ 57,100
Elektro-Metall Export GmbH
Business Acquisition [Line Items]
Cash consideration paid to acquire business					$ 40,400
Goodwill					20,300
Business acquisition cost					49,600
Business acquisition, assumption of net indebtedness					$ 9,200
Airborne Systems Inc
Business Acquisition [Line Items]
Cash consideration paid to acquire business						$ 264,200
Goodwill						$ 155,900

Purchase Price Allocation of Es

Purchase Price Allocation of Estimated Fair Value of Assets Acquired and Liabilities Assumed (Detail) - Entity [Domain] - USD ($) $ in Thousands	Jun. 27, 2015	Mar. 26, 2015	Sep. 30, 2014
Assets acquired:
Goodwill	$ 4,324,959		$ 3,525,077
Telair Cargo Group
Assets acquired:
Current assets, excluding cash acquired		$ 143,417
Property, plant, and equipment		16,426
Intangible assets		290,000
Goodwill		439,946
Other		1,445
Total assets acquired		891,234
Liabilities assumed:
Current liabilities		46,708
Other noncurrent liabilities		121,326
Total liabilities assumed		168,034
Net assets acquired		$ 723,200

Computation of Basic and Dilute

Computation of Basic and Diluted Earnings (Loss) Per Share (Detail) - Entity [Domain] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
Numerator for earnings (loss) per share:
Net income	$ 99,112	$ 16,177	$ 305,539	$ 192,655
Less dividends paid on participating securities		(110,903)	(3,365)	(120,528)
Net income (loss) applicable to common stock - basic and diluted	$ 99,112	$ (94,726)	$ 302,174	$ 72,127
Denominator for basic and diluted earnings (loss) per share under the two-class method:
Weighted average common shares outstanding	53,361	52,915	52,937	52,802
Vested options deemed participating securities	3,247	4,255	3,668	4,275
Total shares for basic and diluted earnings (loss) per share	56,608	57,170	56,605	57,077
Basic and diluted earnings (loss) per share	$ 1.75	$ (1.66)	$ 5.34	$ 1.26

Inventories - Additional Inform

Inventories - Additional Information (Detail)	Jun. 27, 2015
Maximum
Inventory [Line Items]
Percentage of inventory valued under LIFO method	3.00%

Inventories (Detail)

Inventories (Detail) - Entity [Domain] - USD ($) $ in Thousands	Jun. 27, 2015	Sep. 30, 2014
Inventory [Line Items]
Raw materials and purchased component parts	$ 376,722	$ 298,318
Work-in-progress	147,189	146,980
Finished Goods	114,183	69,658
Total	638,094	514,956
Reserves for excess and obsolete inventory and LIFO	(63,908)	(55,882)
Inventories - net	$ 574,186	$ 459,074

Intangible Assets Subject to Am

Intangible Assets Subject to Amortization (Detail) - Entity [Domain] - USD ($) $ in Thousands	Jun. 27, 2015	Sep. 30, 2014
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,187,725	$ 906,176
Accumulated Amortization	242,331	203,543
Net	945,394	702,633
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,121,330	854,918
Accumulated Amortization	219,604	186,278
Net	901,726	668,640
Order backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	23,091	8,006
Accumulated Amortization	9,859	6,006
Net	13,232	2,000
Other intangible assets
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	43,304	43,252
Accumulated Amortization	12,868	11,259
Net	$ 30,436	$ 31,993

Intangible Assets Acquired (Det

Intangible Assets Acquired (Detail) - 9 months ended Jun. 27, 2015 - USD ($) $ in Thousands	Total
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 816,490
Intangible assets not subject to amortization	1,001,543
Intangible assets subject to amortization	281,648
Total - Intangible assets both subject to and not subject to amortization	$ 1,283,191
Amortization Period (in years)	19 years
Trademarks and trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets not subject to amortization	$ 185,053
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization	$ 266,563
Amortization Period (in years)	20 years
Order backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization	$ 15,085
Amortization Period (in years)	1 year

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Schedule of Intangible Assets Disclosure [Line Items]
Aggregate amortization expense	$ 38.8	$ 50.6
Estimated Amortization Expense, 2015	58.1
Estimated Amortization Expense, 2016	62.6
Estimated Amortization Expense, 2017	53.5
Estimated Amortization Expense, 2018	53.5
Estimated Amortization Expense, 2019	53.5
Estimated Amortization Expense, 2020	$ 53.5

Summary of Changes in Carrying

Summary of Changes in Carrying Value of Goodwill (Detail) - Entity [Domain] $ in Thousands	9 Months Ended
	Jun. 27, 2015USD ($)
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 3,525,077
Goodwill acquired during the year	816,490
Purchase price allocation adjustments	(2,424)
Other	(14,184)
Goodwill, Ending Balance	4,324,959
Power & Control
Goodwill [Line Items]
Goodwill, Beginning Balance	1,563,438
Goodwill acquired during the year	406,706
Other	(3,585)
Goodwill, Ending Balance	1,966,559
Airframe
Goodwill [Line Items]
Goodwill, Beginning Balance	1,906,270
Goodwill acquired during the year	409,784
Purchase price allocation adjustments	(2,424)
Other	(10,599)
Goodwill, Ending Balance	2,303,031
Non-aviation
Goodwill [Line Items]
Goodwill, Beginning Balance	55,369
Goodwill, Ending Balance	$ 55,369

Debt (Detail)

Debt (Detail) - Entity [Domain] - USD ($) $ in Thousands	Jun. 27, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Short-term borrowings - trade receivable securitization facility	$ 200,000	$ 200,000
Total debt outstanding	8,249,057	7,273,131
Less current portion	44,195	39,295
LONG-TERM DEBT	8,204,862	7,233,836
Term Loans
Debt Instrument [Line Items]
Debt instrument, outstanding	4,399,057	3,873,131
5 1/2% Senior Subordinated Notes, Due 2020
Debt Instrument [Line Items]
Debt instrument, outstanding	550,000	550,000
7 1/2% Senior Subordinated Notes, Due 2021
Debt Instrument [Line Items]
Debt instrument, outstanding	500,000	500,000
6.00% Senior Subordinated Notes, Due 2022
Debt Instrument [Line Items]
Debt instrument, outstanding	1,150,000	1,150,000
6 1/2% Senior Subordinated Notes, Due 2024
Debt Instrument [Line Items]
Debt instrument, outstanding	1,200,000	$ 1,200,000
6 1/2% Senior Subordinated Notes, Due 2025
Debt Instrument [Line Items]
Debt instrument, outstanding	$ 450,000

Debt (Parenthetical) (Detail)

Debt (Parenthetical) (Detail)	9 Months Ended	12 Months Ended
	Jun. 27, 2015	Sep. 30, 2014	May. 14, 2015
5 1/2% Senior Subordinated Notes, Due 2020
Debt Instrument [Line Items]
Senior subordinate note, due date	2,020	2,020
Debt instrument interest rate stated percentage	5.50%	5.50%
7 1/2% Senior Subordinated Notes, Due 2021
Debt Instrument [Line Items]
Senior subordinate note, due date	2,021	2,021
Debt instrument interest rate stated percentage	7.50%	7.50%
6.00% Senior Subordinated Notes, Due 2022
Debt Instrument [Line Items]
Senior subordinate note, due date	2,022	2,022
Debt instrument interest rate stated percentage	6.00%	6.00%
6 1/2% Senior Subordinated Notes, Due 2024
Debt Instrument [Line Items]
Senior subordinate note, due date	2,024	2,024
Debt instrument interest rate stated percentage	6.50%	6.50%
6 1/2% Senior Subordinated Notes, Due 2025
Debt Instrument [Line Items]
Senior subordinate note, due date	2,025	2,025
Debt instrument interest rate stated percentage	6.50%	6.50%	6.50%

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	May. 20, 2015	May. 14, 2015	Jun. 27, 2015	Sep. 30, 2014
6 1/2% Senior Subordinated Notes, Due 2025
Debt Instrument [Line Items]
Debt instrument, face amount		$ 450,000,000
Debt instrument, maturity date		May 15, 2025
Percentage of principal amount of debt on issue price		100.00%
Debt instrument interest rate stated percentage		6.50%	6.50%	6.50%
Frequency of interest repayment		Semiannually in arrears on May 15 and November 15 of each year
Debt instrument event of default percentage of principal		25.00%
Incremental Assumption and Refinancing Facility Agreement
Debt Instrument [Line Items]
Debt instrument, face amount	$ 130,000,000
Revolving credit facility maximum borrowing capacity	$ 550,000,000
Revolving credit facility maturity date	Feb. 28, 2018
Letters of credit outstanding	$ 16,100,000
Borrowings available under credit facility	$ 533,900,000
Incremental Assumption and Refinancing Facility Agreement | Tranche E Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount		$ 1,000,000,000
Debt instrument, maturity date		May 14, 2022
Incremental Assumption and Refinancing Facility Agreement | Tranche B
Debt Instrument [Line Items]
Debt instrument, refinanced amount		$ 498,000,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014	Sep. 30, 2014
Income Tax Contingency [Line Items]
Effective income tax rate	28.60%	22.50%	30.10%	32.80%
Unrecognized tax benefit	$ 8.9		$ 8.9		$ 13.9
Effect of unrecognized tax benefits on effective tax rate	8.5		8.5		$ 13.5
Unrecognized Tax Benefits, Period Increase (Decrease) over the next 12 months	$ 3.5		$ 3.5
Earliest Tax Year
Income Tax Contingency [Line Items]
Tax year under examination			2,012
Latest Tax Year
Income Tax Contingency [Line Items]
Tax year under examination			2,013

Carrying Amounts and Fair Value

Carrying Amounts and Fair Values of Financial Instruments (Detail) - Entity [Domain] - USD ($) $ in Thousands		Jun. 27, 2015	Sep. 30, 2014	Jun. 28, 2014	Sep. 30, 2013
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Cash and cash equivalents, Assets, Carrying Amount		$ 915,350	$ 819,548	$ 729,134	$ 564,740
Short-term borrowings - trade receivable securitization facility, Carrying Amount		200,000	200,000
Term Loans
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Long-term debt, Carrying Amount		4,399,057	3,873,131
5 1/2% Senior Subordinated Notes, Due 2020
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Long-term debt, Carrying Amount		550,000	550,000
7 1/2% Senior Subordinated Notes, Due 2021
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Long-term debt, Carrying Amount		500,000	500,000
6.00% Senior Subordinated Notes, Due 2022
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Long-term debt, Carrying Amount		1,150,000	1,150,000
6 1/2% Senior Subordinated Notes, Due 2024
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Long-term debt, Carrying Amount		1,200,000	1,200,000
6 1/2% Senior Subordinated Notes, Due 2025
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Long-term debt, Carrying Amount		450,000
Accrued Liabilities
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Interest rate swap agreements, Liabilities, Carrying Amount	[1]	25,010	20,070
Other Non-Current Liabilities
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Interest rate swap agreements, Liabilities, Carrying Amount	[2]	25,250	4,650
Level 1
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Cash and cash equivalents, Assets, Fair Value		915,350	819,548
Short-term borrowings - trade receivable securitization facility, Fair Value		200,000	200,000
Level 1 | 5 1/2% Senior Subordinated Notes, Due 2020
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Long-term debt, Fair Value		546,000	529,000
Level 1 | 7 1/2% Senior Subordinated Notes, Due 2021
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Long-term debt, Fair Value		535,000	531,000
Level 1 | 6.00% Senior Subordinated Notes, Due 2022
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Long-term debt, Fair Value		1,153,000	1,121,000
Level 1 | 6 1/2% Senior Subordinated Notes, Due 2024
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Long-term debt, Fair Value		1,194,000	1,182,000
Level 1 | 6 1/2% Senior Subordinated Notes, Due 2025
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Long-term debt, Fair Value		452,000
Level 2 | Term Loans
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Long-term debt, Fair Value		4,365,000	3,821,000
Level 2 | Accrued Liabilities
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Interest rate swap agreements, Liabilities, Fair Value	[1]	25,010	20,070
Level 2 | Other Non-Current Liabilities
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Interest rate swap agreements, Liabilities, Fair Value	[2]	$ 25,250	$ 4,650
[1]	Included in Accrued liabilities on the Condensed Consolidated Balance Sheet.
[2]	Included in Other non-current liabilities on the Condensed Consolidated Balance Sheet.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	9 Months Ended	12 Months Ended
	Jun. 27, 2015	Sep. 30, 2014
5 1/2% Senior Subordinated Notes, Due 2020
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Senior subordinate note, due date	2,020	2,020
7 1/2% Senior Subordinated Notes, Due 2021
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Senior subordinate note, due date	2,021	2,021
6.00% Senior Subordinated Notes, Due 2022
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Senior subordinate note, due date	2,022	2,022
6 1/2% Senior Subordinated Notes, Due 2024
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Senior subordinate note, due date	2,024	2,024
6 1/2% Senior Subordinated Notes, Due 2025
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Senior subordinate note, due date	2,025	2,025

Derivatives and Hedging Activ47

Derivatives and Hedging Activities - Additional Information (Detail)	9 Months Ended
	Jun. 27, 2015USD ($)Agreement	Jul. 31, 2015USD ($)Agreement
Derivative [Line Items]
Derivative loss to be recognized	$ 19,900,000
Interest rate swap agreements beginning September 30, 2014
Derivative [Line Items]
Number of interest rate cap agreements | Agreement	3
Aggregate notional amount	$ 1,000,000,000
Fixed rate of interest under interest rate swap	5.40%
Variable interest rate	2.40%
Basis spread on variable rate	3.00%
Interest rate swap agreements to swap variable rates on the credit facility for a fixed rate
Derivative [Line Items]
Number of interest rate cap agreements | Agreement	3
Aggregate notional amount	$ 353,000,000
Fixed rate of interest under interest rate swap	5.17%
Variable interest rate	2.17%
Basis spread on variable rate	3.00%
Interest Rate Cap Agreements [Member] | Subsequent Event
Derivative [Line Items]
Number of interest rate cap agreements | Agreement		6
Aggregate notional amount		$ 750,000,000
Interest Rate Cap Agreements [Member] | Subsequent Event | London Interbank Offered Rate (LIBOR)
Derivative [Line Items]
Derivative cap interest rate		2.50%
Forward-starting interest rate swap agreements beginning March 31, 2016
Derivative [Line Items]
Number of interest rate cap agreements | Agreement	5
Aggregate notional amount	$ 750,000,000
Fixed rate of interest under interest rate swap	5.80%
Variable interest rate	2.80%
Basis spread on variable rate	3.00%

Segments - Additional Informati

Segments - Additional Information (Detail)	9 Months Ended
	Jun. 27, 2015Segment
Segment Reporting Information [Line Items]
Number of reporting segments	3

Net Sales by Reportable Segment

Net Sales by Reportable Segment (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
Segment Reporting Information [Line Items]
NET SALES	$ 691,395	$ 610,582	$ 1,897,323	$ 1,730,665
Operating Segments | Power & Control
Segment Reporting Information [Line Items]
NET SALES	341,867	290,878	917,466	848,472
Operating Segments | Airframe
Segment Reporting Information [Line Items]
NET SALES	325,250	295,620	909,820	810,572
Operating Segments | Non-aviation
Segment Reporting Information [Line Items]
NET SALES	$ 24,278	$ 24,084	$ 70,037	$ 71,621

EBITDA Defined by Segment to Co

EBITDA Defined by Segment to Consolidated Income Before Taxes Operations (Detail) - Entity [Domain] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Earnings before interest taxes depreciation and amortization	$ 312,855	$ 275,584	$ 870,652	$ 782,109
Depreciation and amortization expense	26,921	24,821	67,767	74,541
Interest expense-net	106,796	87,613	305,623	250,755
Acquisition-related costs	12,271	2,355	19,288	18,297
Stock compensation expense	9,841	6,516	23,435	18,849
Refinancing costs	18,159	131,490	18,159	131,490
Other, net	126	1,912	(763)	1,322
INCOME BEFORE INCOME TAXES	138,741	20,877	437,143	286,855
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Earnings before interest taxes depreciation and amortization	318,829	281,201	889,598	798,419
Operating Segments | Power & Control
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Earnings before interest taxes depreciation and amortization	163,710	146,998	459,508	424,682
Operating Segments | Airframe
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Earnings before interest taxes depreciation and amortization	150,200	129,579	415,293	358,906
Operating Segments | Non-aviation
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Earnings before interest taxes depreciation and amortization	4,919	4,624	14,797	14,831
Corporate, Non-Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Earnings before interest taxes depreciation and amortization	$ 5,974	$ 5,617	$ 18,946	$ 16,310

Total Assets by Segment (Detail

Total Assets by Segment (Detail) - Entity [Domain] - USD ($) $ in Thousands	Jun. 27, 2015	Sep. 30, 2014
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 8,350,382	$ 6,756,848
Operating Segments | Power & Control
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	3,242,893	2,453,308
Operating Segments | Airframe
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	3,855,517	3,243,516
Operating Segments | Non-aviation
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	131,944	132,988
Corporate, Non-Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 1,120,028	$ 927,036

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event - USD ($)	Aug. 02, 2015	Jul. 29, 2015
Subsequent Event [Line Items]
Cash consideration paid to acquire business		$ 325,000,000
Business combination, tax benefits to be realized		$ 107,000,000
Business combination, tax benefit period		15 years
Amended "Securitization Facility" due August 2, 2016
Subsequent Event [Line Items]
Line of Credit facility expiration date	Aug. 2, 2016
Revolving credit facility maximum borrowing capacity	$ 250,000,000
Matured "Securitization Facility" due August 7, 2015
Subsequent Event [Line Items]
Revolving credit facility maximum borrowing capacity	$ 225,000,000

Supplemental Guarantor Inform53

Supplemental Guarantor Information - Additional Information (Detail)	Jun. 27, 2015
Supplemental Guarantor Information [Line Items]
Percentage of ownership in subsidiary	100.00%

Supplemental Condensed Consolid

Supplemental Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Jun. 27, 2015	Sep. 30, 2014	Jun. 28, 2014	Sep. 30, 2013
Supplemental Guarantor Information [Line Items]
Cash and cash equivalents	$ 915,350	$ 819,548	$ 729,134	$ 564,740
Trade accounts receivable - Net	419,955	351,307
Inventories - Net	574,186	459,074
Deferred income taxes	37,623	37,669
Prepaid expenses and other	82,372	21,978
Total current assets	2,029,486	1,689,576
PROPERTY, PLANT AND EQUIPMENT - Net	250,923	212,108
Goodwill	4,324,959	3,525,077
TRADEMARKS AND TRADE NAMES	696,806	514,520
OTHER INTANGIBLE ASSETS - Net	945,394	702,633
DEBT ISSUE COSTS - Net	80,120	92,393
OTHER	22,694	20,541
TOTAL ASSETS	8,350,382	6,756,848
Current portion of long-term debt	44,195	39,295
Short-term borrowings - trade receivable securitization facility	200,000	200,000
Accounts payable	129,050	115,741
Accrued liabilities	306,444	230,871
Total current liabilities	679,689	585,907
LONG-TERM DEBT	8,204,862	7,233,836
DEFERRED INCOME TAXES	493,601	402,247
OTHER NON-CURRENT LIABILITIES	141,255	90,957
Total liabilities	9,519,407	8,312,947
STOCKHOLDERS' (DEFICIT) EQUITY	(1,169,025)	(1,556,099)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	8,350,382	6,756,848
Eliminations
Supplemental Guarantor Information [Line Items]
Trade accounts receivable - Net	(10,251)	(1,980)
Inventories - Net	(700)	(700)
Total current assets	(10,951)	(2,680)
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	(9,716,175)	(7,467,575)
OTHER INTANGIBLE ASSETS - Net	(1,461)	(1,460)
TOTAL ASSETS	(9,728,587)	(7,471,715)
Accounts payable	(10,237)	(1,984)
Total current liabilities	(10,237)	(1,984)
Total liabilities	(10,237)	(1,984)
STOCKHOLDERS' (DEFICIT) EQUITY	(9,720,144)	(7,469,731)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	(9,730,381)	(7,471,715)
TransDigm Group
Supplemental Guarantor Information [Line Items]
Cash and cash equivalents	8,469	2,088	2,110	1,313
Total current assets	8,469	2,088
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	(1,177,494)	(1,558,187)
TOTAL ASSETS	(1,169,025)	(1,556,099)
STOCKHOLDERS' (DEFICIT) EQUITY	(1,169,025)	(1,556,099)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	(1,169,025)	(1,556,099)
TransDigm Inc.
Supplemental Guarantor Information [Line Items]
Cash and cash equivalents	853,618	782,648	689,790	536,863
Trade accounts receivable - Net	(262)	(305)
Inventories - Net	37,165	32,287
Deferred income taxes	36,814	37,669
Prepaid expenses and other	50,967	2,040
Total current assets	978,302	854,339
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	6,662,175	5,327,465
PROPERTY, PLANT AND EQUIPMENT - Net	17,984	15,884
Goodwill	150,877	64,461
TRADEMARKS AND TRADE NAMES	31,748	19,377
OTHER INTANGIBLE ASSETS - Net	7,235	20,689
DEBT ISSUE COSTS - Net	80,104	92,155
OTHER	6,166	7,845
TOTAL ASSETS	7,934,591	6,402,215
Current portion of long-term debt	44,195	39,295
Accounts payable	17,485	17,629
Accrued liabilities	151,606	106,631
Total current liabilities	213,286	163,555
LONG-TERM DEBT	8,204,862	7,233,836
DEFERRED INCOME TAXES	490,782	402,538
OTHER NON-CURRENT LIABILITIES	67,177	42,470
Total liabilities	8,976,107	7,842,399
STOCKHOLDERS' (DEFICIT) EQUITY	(1,041,516)	(1,440,184)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	7,934,591	6,402,215
Subsidiary Guarantors
Supplemental Guarantor Information [Line Items]
Cash and cash equivalents	2,011	3,793	549	7,900
Trade accounts receivable - Net	30,612	1,711
Inventories - Net	441,217	382,016
Deferred income taxes	43
Prepaid expenses and other	13,426	14,789
Total current assets	487,309	402,309
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	4,282,143	3,758,085
PROPERTY, PLANT AND EQUIPMENT - Net	189,311	167,257
Goodwill	4,015,541	3,289,295
TRADEMARKS AND TRADE NAMES	605,621	449,706
OTHER INTANGIBLE ASSETS - Net	920,078	642,305
OTHER	14,678	11,754
TOTAL ASSETS	10,514,681	8,720,711
Accounts payable	89,131	85,328
Accrued liabilities	95,408	98,308
Total current liabilities	184,539	183,636
DEFERRED INCOME TAXES	3,053
OTHER NON-CURRENT LIABILITIES	36,403	42,445
Total liabilities	223,995	226,081
STOCKHOLDERS' (DEFICIT) EQUITY	10,290,686	8,494,630
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	10,514,681	8,720,711
Non-Guarantor Subsidiaries
Supplemental Guarantor Information [Line Items]
Cash and cash equivalents	51,252	31,019	$ 36,685	$ 18,664
Trade accounts receivable - Net	399,856	351,881
Inventories - Net	96,504	45,471
Deferred income taxes	766
Prepaid expenses and other	17,979	5,149
Total current assets	566,357	433,520
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	(50,649)	(59,788)
PROPERTY, PLANT AND EQUIPMENT - Net	43,628	28,967
Goodwill	158,541	171,321
TRADEMARKS AND TRADE NAMES	59,437	45,437
OTHER INTANGIBLE ASSETS - Net	19,542	41,099
DEBT ISSUE COSTS - Net	16	238
OTHER	1,850	942
TOTAL ASSETS	798,722	661,736
Short-term borrowings - trade receivable securitization facility	200,000	200,000
Accounts payable	32,671	14,768
Accrued liabilities	59,430	25,932
Total current liabilities	292,101	240,700
DEFERRED INCOME TAXES	(234)	(291)
OTHER NON-CURRENT LIABILITIES	37,675	6,042
Total liabilities	329,542	246,451
STOCKHOLDERS' (DEFICIT) EQUITY	469,180	415,285
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	$ 798,722	$ 661,736

Supplemental Condensed Consol55

Supplemental Condensed Consolidating Statement of Income and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
Supplemental Guarantor Information [Line Items]
NET SALES	$ 691,395	$ 610,582	$ 1,897,323	$ 1,730,665
COST OF SALES	331,940	283,054	875,078	811,419
GROSS PROFIT	359,455	327,528	1,022,245	919,246
SELLING AND ADMINISTRATIVE EXPENSES	81,849	71,146	223,354	199,761
AMORTIZATION OF INTANGIBLE ASSETS	13,910	16,402	37,966	50,385
INCOME (LOSS) FROM OPERATIONS	263,696	239,980	760,925	669,100
INTEREST EXPENSE - Net	106,796	87,613	305,623	250,755
Refinancing costs	18,159	131,490	18,159	131,490
INCOME BEFORE INCOME TAXES	138,741	20,877	437,143	286,855
INCOME TAX PROVISION (BENEFIT)	39,629	4,700	131,604	94,200
Net income	99,112	16,177	305,539	192,655
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX	25,816	(6,214)	(33,421)	(329)
TOTAL COMPREHENSIVE INCOME	$ 124,928	$ 9,963	272,118	192,326
Eliminations
Supplemental Guarantor Information [Line Items]
NET SALES			(9,932)	(7,839)
COST OF SALES			(9,932)	(8,062)
GROSS PROFIT			0	223
INCOME (LOSS) FROM OPERATIONS			0	223
EQUITY IN INCOME OF SUBSIDIARIES			863,730	636,738
INCOME BEFORE INCOME TAXES			(863,730)	(636,515)
Net income			(863,730)	(636,515)
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX			46,299	329
TOTAL COMPREHENSIVE INCOME			(817,431)	(636,186)
TransDigm Group
Supplemental Guarantor Information [Line Items]
EQUITY IN INCOME OF SUBSIDIARIES			(305,539)	(192,655)
INCOME BEFORE INCOME TAXES			305,539	192,655
Net income			305,539	192,655
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX			(33,421)	(329)
TOTAL COMPREHENSIVE INCOME			272,118	192,326
TransDigm Inc.
Supplemental Guarantor Information [Line Items]
NET SALES			95,145	88,655
COST OF SALES			57,550	53,714
GROSS PROFIT			37,595	34,941
SELLING AND ADMINISTRATIVE EXPENSES			59,979	46,302
AMORTIZATION OF INTANGIBLE ASSETS			1,044	1,041
INCOME (LOSS) FROM OPERATIONS			(23,428)	(12,402)
INTEREST EXPENSE - Net			313,706	249,957
Refinancing costs			18,159	131,490
EQUITY IN INCOME OF SUBSIDIARIES			(558,191)	(444,083)
INCOME BEFORE INCOME TAXES			202,898	50,234
INCOME TAX PROVISION (BENEFIT)			(102,641)	(142,421)
Net income			305,539	192,655
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX			(25,418)	(7,401)
TOTAL COMPREHENSIVE INCOME			280,121	185,254
Subsidiary Guarantors
Supplemental Guarantor Information [Line Items]
NET SALES			1,619,184	1,503,341
COST OF SALES			700,720	660,960
GROSS PROFIT			918,464	842,381
SELLING AND ADMINISTRATIVE EXPENSES			136,490	129,695
AMORTIZATION OF INTANGIBLE ASSETS			33,941	45,043
INCOME (LOSS) FROM OPERATIONS			748,033	667,643
INTEREST EXPENSE - Net			(289)	(46)
INCOME BEFORE INCOME TAXES			748,322	667,689
INCOME TAX PROVISION (BENEFIT)			226,369	229,333
Net income			521,953	438,356
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX			1,944	2,173
TOTAL COMPREHENSIVE INCOME			523,897	440,529
Non-Guarantor Subsidiaries
Supplemental Guarantor Information [Line Items]
NET SALES			192,926	146,508
COST OF SALES			126,740	104,807
GROSS PROFIT			66,186	41,701
SELLING AND ADMINISTRATIVE EXPENSES			26,885	23,764
AMORTIZATION OF INTANGIBLE ASSETS			2,981	4,301
INCOME (LOSS) FROM OPERATIONS			36,320	13,636
INTEREST EXPENSE - Net			(7,794)	844
INCOME BEFORE INCOME TAXES			44,114	12,792
INCOME TAX PROVISION (BENEFIT)			7,876	7,288
Net income			36,238	5,504
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX			(22,825)	4,899
TOTAL COMPREHENSIVE INCOME			$ 13,413	$ 10,403

Supplemental Condensed Consol56

Supplemental Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	9 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Supplemental Guarantor Information [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	$ 373,427	$ 349,529
Capital expenditures, net of disposals	(40,299)	(25,450)
Proceeds from revolving credit facility	75,250
Cash proceeds from sale of real estate		16,380
Acquisition of business, net of cash acquired	(1,293,498)	(311,872)
Repayment on revolving credit facility	(75,250)
Net cash used in investing activities	(1,333,797)	(320,942)
Excess tax benefits related to share-based payment arrangements	50,580	40,481
Proceeds from exercise of stock options	52,982	14,649
Dividends paid	(3,365)	(1,445,293)
Treasury stock repurchased		(72,402)
Repurchase of senior subordinated notes due 2018		(1,720,997)
Proceeds from trade receivable securitization facility - net		199,390
Other financing activities	(949)	(78)
Net cash provided by (used in) financing activities	1,058,249	135,731
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(2,077)	76
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	95,802	164,394
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	819,548	564,740
CASH AND CASH EQUIVALENTS, END OF PERIOD	915,350	729,134
2014 term loan
Supplemental Guarantor Information [Line Items]
Proceeds from term loan - net		806,378
Repayment on term loan	(4,126)
2013 term loan
Supplemental Guarantor Information [Line Items]
Repayment on term loan	(999,272)	(15,522)
Senior Subordinated Notes Due 2022 and 2024
Supplemental Guarantor Information [Line Items]
Proceeds from senior subordinated notes - net		2,329,125
2015 term loan
Supplemental Guarantor Information [Line Items]
Proceeds from term loan - net	1,516,653
Senior Subordinated Notes Due 2025
Supplemental Guarantor Information [Line Items]
Proceeds from senior subordinated notes - net	445,746
Eliminations
Supplemental Guarantor Information [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	18	(7,097)
Intercompany activities	(18)	7,097
Net cash provided by (used in) financing activities	(18)	7,097
TransDigm Group
Supplemental Guarantor Information [Line Items]
Proceeds from revolving credit facility	75,250
Repayment on revolving credit facility	(75,250)
Intercompany activities	(1,052,819)	1,463,362
Excess tax benefits related to share-based payment arrangements	50,580	40,481
Proceeds from exercise of stock options	52,982	14,649
Dividends paid	(3,365)	(1,445,293)
Treasury stock repurchased		(72,402)
Net cash provided by (used in) financing activities	6,381	797
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	6,381	797
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	2,088	1,313
CASH AND CASH EQUIVALENTS, END OF PERIOD	8,469	2,110
TransDigm Group | 2014 term loan
Supplemental Guarantor Information [Line Items]
Repayment on term loan	(4,126)
TransDigm Group | 2013 term loan
Supplemental Guarantor Information [Line Items]
Repayment on term loan	(999,272)
TransDigm Group | 2015 term loan
Supplemental Guarantor Information [Line Items]
Proceeds from term loan - net	1,516,653
TransDigm Group | Senior Subordinated Notes Due 2025
Supplemental Guarantor Information [Line Items]
Proceeds from senior subordinated notes - net	445,746
TransDigm Inc.
Supplemental Guarantor Information [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	(109,574)	(75,896)
Capital expenditures, net of disposals	(3,713)	(2,142)
Acquisition of business, net of cash acquired	(1,293,498)	(311,872)
Net cash used in investing activities	(1,297,211)	(314,014)
Intercompany activities	1,478,706	(856,069)
Repurchase of senior subordinated notes due 2018		(1,720,997)
Other financing activities	(949)	(78)
Net cash provided by (used in) financing activities	1,477,755	542,837
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	70,970	152,927
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	782,648	536,863
CASH AND CASH EQUIVALENTS, END OF PERIOD	853,618	689,790
TransDigm Inc. | 2014 term loan
Supplemental Guarantor Information [Line Items]
Proceeds from term loan - net		806,378
TransDigm Inc. | 2013 term loan
Supplemental Guarantor Information [Line Items]
Repayment on term loan		(15,522)
TransDigm Inc. | Senior Subordinated Notes Due 2022 and 2024
Supplemental Guarantor Information [Line Items]
Proceeds from senior subordinated notes - net		2,329,125
Subsidiary Guarantors
Supplemental Guarantor Information [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	472,150	721,101
Capital expenditures, net of disposals	(30,710)	(20,667)
Cash proceeds from sale of real estate		16,380
Net cash used in investing activities	(30,710)	(4,287)
Intercompany activities	(443,222)	(724,165)
Net cash provided by (used in) financing activities	(443,222)	(724,165)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,782)	(7,351)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	3,793	7,900
CASH AND CASH EQUIVALENTS, END OF PERIOD	2,011	549
Non-Guarantor Subsidiaries
Supplemental Guarantor Information [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	10,833	(288,579)
Capital expenditures, net of disposals	(5,876)	(2,641)
Net cash used in investing activities	(5,876)	(2,641)
Intercompany activities	17,353	109,775
Proceeds from trade receivable securitization facility - net		199,390
Net cash provided by (used in) financing activities	17,353	309,165
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(2,077)	76
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	20,233	18,021
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	31,019	18,664
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 51,252	$ 36,685