Berry Global (BERY) 10-Q/A 7 Feb 17 2017 Q1 Quarterly report (amended) Financial data

Document And Entity Information

Document And Entity Information - shares shares in Millions	3 Months Ended
	Dec. 31, 2016	Feb. 03, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017
Entity Registrant Name	BERRY PLASTICS GROUP INC
Entity Central Index Key	1,378,992
Trading Symbol	bery
Current Fiscal Year End Date	--09-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		128.8

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Consolidated Statements Of Income [Abstract]
Net sales	$ 1,502	$ 1,612
Costs and expenses:
Cost of goods sold	1,206	1,320
Selling, general and administrative	113	154
Amortization of intangibles	33	36
Restructuring and impairment charges	4	16
Operating income	146	86
Other (income) expense, net	(1)	4
Interest expense, net	68	75
Income before income taxes	79	7
Income tax expense	28	3
Net income	$ 51	$ 4
Net income per share:
Basic	$ 0.42	$ 0.03
Diluted	$ 0.40	$ 0.03
Outstanding weighted-average shares:
Basic	122	120.1
Diluted	127.8	124.9

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Consolidated Statements Of Comprehensive Income (Loss) [Abstract]
Net income	$ 51	$ 4
Currency translation	(45)	(29)
Interest rate hedges	17	4
Provision for income taxes related to other comprehensive income items	(6)	(1)
Other comprehensive loss, net of tax	(34)	(26)
Comprehensive income (loss)	$ 17	$ (22)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Oct. 01, 2016
Current assets:
Cash and cash equivalents	$ 331	$ 323
Accounts receivable (less allowance of $8 and $8, respectively)	622	704
Finished goods	410	397
Raw materials and supplies	276	263
Inventory, total	686	660
Prepaid expenses and other current assets	104	105
Total current assets	1,743	1,792
Property, plant, and equipment, net	2,182	2,224
Goodwill and intangible assets, net	3,556	3,606
Other assets	30	31
Total assets	7,511	7,653
Current liabilities:
Accounts payable	503	539
Accrued expenses and other current liabilities	434	449
Current portion of long-term debt	43	43
Total current liabilities	980	1,031
Long-term debt, less current portion	5,710	5,712
Deferred income taxes	281	272
Other long-term liabilities	294	417
Total liabilities	7,265	7,432
Stockholders' equity
Common stock (122.3 and 122.0 million shares issued, respectively)	1	1
Additional paid-in capital	457	449
Non-controlling interest	3	3
Accumulated deficit	(33)	(84)
Accumulated other comprehensive loss	(182)	(148)
Total stockholders' equity	246	221
Total liabilities and stockholders' equity	$ 7,511	$ 7,653

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Dec. 31, 2016	Oct. 01, 2016
Consolidated Balance Sheets [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 8	$ 8
Common stock, shares issued	122.3	122

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Cash Flows from Operating Activities:
Net income	$ 51	$ 4
Adjustments to reconcile net cash provided by operating activities:
Depreciation	87	103
Amortization of intangibles	33	36
Non-cash interest expense	1	3
Deferred income tax	14	(8)
Stock compensation expense	3	4
Other non-cash operating activities, net	(1)	7
Changes in working capital	(43)	37
Changes in other assets and liabilities	(2)	5
Net cash from operating activities	143	191
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(65)	(93)
Proceeds from sale of assets	2	4
Acquisition of business, net of cash acquired		(2,286)
Other investing activities, net	(1)
Net cash from investing activities	(64)	(2,375)
Cash Flows from Financing Activities:
Proceeds from long-term borrowings		2,492
Repayments on long-term borrowings	(10)	(100)
Proceeds from issuance of common stock	5	7
Payment of tax receivable agreement	(60)	(57)
Debt financing costs		(36)
Purchase of non-controlling interest		(66)
Net cash from financing activities	(65)	2,240
Effect of exchange rate changes on cash	(6)	(2)
Net change in cash	8	54
Cash and cash equivalents at beginning of period	323	228
Cash and cash equivalents at end of period	$ 331	$ 282

Basis Of Presentation

Basis Of Presentation	3 Months Ended
	Dec. 31, 2016
Basis Of Presentation [Abstract]
Basis Of Presentation	1. Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Berry Plastics Group, Inc. ("the Company" or "Berry") have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") pursuant to the rules and regulations of the Securities and Exchange Commission for interim reporting. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In preparing financial statements in conformity with GAAP, we must make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and related disclosures at the date of the financial statements and during the reporting period. Actual results could differ from those estimates. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included, and all subsequent events up to the time of the filing have been evaluated. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's most recent Form 10-K filed with the Securities and Exchange Commission.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	3 Months Ended
	Dec. 31, 2016
Recently Issued Accounting Pronouncements [Abstract]
Recently Issued Accounting Pronouncements	2. Recently Issued Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board ("FASB") in the form of accounting standards updates to the FASB's Accounting Standards Codification. During fiscal 2017, there have been no developments to the recently adopted accounting pronouncements from those disclosed in the Company's 2016 Annual Report on Form 10-K that are considered to have a material impact on our unaudited consolidated financial statements.

Accounts Receivable Factoring A

Accounts Receivable Factoring Agreements	3 Months Ended
	Dec. 31, 2016
Accounts Receivable Factoring Agreements [Abstract]
Accounts Receivable Factoring Agreements	3. Accounts Receivable Factoring Agreements A number of the Company's foreign subsidiaries have entered into factoring agreements to sell certain receivables to unrelated third-party financial institutions. The Company accounts for these transactions in accordance with ASC 860, "Transfers and Servicing" ("ASC 860"). ASC 860 allows for the ownership transfer of accounts receivable to qualify for sale treatment when the appropriate criteria is met, which permits the Company to present the balances sold under the program to be excluded from Accounts receivable, net on the Consolidated Balance Sheets. Receivables are considered sold when (i) they are transferred beyond the reach of the Company and its creditors, (ii) the purchaser has the right to pledge or exchange the receivables, and (iii) the Company has surrendered control over the transferred receivables. In addition, the Company provides no other forms of continued financial support to the purchaser of the receivables once the receivables are sold. The table below summarizes the total amount of accounts receivable on the Consolidated Balance Sheets, sold under these factoring arrangements as of the end of the first fiscal quarter: December 31, 2016 October 1, 2016 Trade receivables sold to financial institutions $ 23 $ 23 Net amounts advanced from financial institutions (19 ) (18 ) Amounts due from financial institutions $ 4 $ 5 In addition to the programs described above, the Company has a U.S. based program where certain U.S. based receivables are sold to unrelated third-party financial institutions. There were no amounts outstanding from the financial institutions related to U.S. based programs at December 31, 2016. The fees associated with transfer of receivables for all programs were not material for any of the periods presented.

Restructuring And Impairment Ch

Restructuring And Impairment Charges	3 Months Ended
	Dec. 31, 2016
Restructuring And Impairment Charges [Abstract]
Restructuring And Impairment Charges	4. Restructuring and Impairment Charges The Company incurred restructuring costs related to severance, asset impairment, and facility exit costs of $4 million and $16 million for the quarterly periods ended December 31, 2016 and January 2, 2016, respectively. The tables below set forth the significant components of the restructuring charges recognized, by segment: Quarterly Period Ended December 31, 2016 January 2, 2016 Consumer Packaging $ 2 $ 3 Health, Hygiene & Specialties 2 12 Engineered Materials — 1 Consolidated $ 4 $ 16 The table below sets forth the activity with respect to the restructuring accrual at December 31, 2016: Employee Facilities Exit Severance Costs Total Balance at October 1, 2016 $ 7 $ 6 $ 13 Charges 3 1 4 Cash payments (5 ) (2 ) (7 ) Balance at December 31, 2016 $ 5 $ 5 $ 10

Accrued Expenses, Other Current

Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities	3 Months Ended
	Dec. 31, 2016
Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities [Abstract]
Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities	5. Accrued Expenses, Other Current Liabilities and Other Long-Term Liabilities The following table sets forth the totals included in Accrued expenses and other current liabilities on the Consolidated Balance Sheets: December 31, 2016 October 1, 2016 Employee compensation, payroll and other $ 105 $ 152 Interest 44 53 Rebates 56 54 Restructuring 10 13 Accrued taxes 45 40 Tax receivable agreement obligation 100 60 Accrued operating expenses 74 77 $ 434 $ 449 The following table sets forth the totals included in Other long-term liabilities on the Consolidated Balance Sheets: December 31, 2016 October 1, 2016 Lease retirement obligation $ 35 $ 34 Sale-lease back deferred gain 25 26 Pension liability 85 88 Deferred purchase price 42 41 Tax receivable agreement obligation 14 114 Interest rate swaps 26 45 Other 67 69 $ 294 $ 417 The Company made $ 60 48 85

Long-Term Debt

Long-Term Debt	3 Months Ended
	Dec. 31, 2016
Long-Term Debt [Abstract]
Long-Term Debt	6. Long-Term Debt Long-term debt consists of the following: Maturity Date December 31, 2016 October 1, 2016 Term loan February 2020 $ 1,348 $ 1,351 Term loan January 2021 814 814 Term loan October 2022 1,895 1,895 Revolving line of credit May 2020 — — 5 1 / 8 % Second Priority Senior Secured Notes July 2023 700 700 5 1 / 2 % Second Priority Senior Secured Notes May 2022 500 500 6% Second Priority Senior Secured Notes October 2022 400 400 Debt discounts and deferred fees (52 ) (58 ) Capital leases and other Various 148 153 Total long-term debt 5,753 5,755 Current portion of long-term debt (43 ) (43 ) Long-term debt, less current portion $ 5,710 $ 5,712 The Company was in compliance with all covenants as of December 31, 2016. Debt discounts and deferred financing fees are presented net of Long-term debt, less the current portion on the Consolidated Balance Sheets and are amortized to Interest expense through maturity.

Financial Instruments And Fair

Financial Instruments And Fair Value Measurements	3 Months Ended
	Dec. 31, 2016
Financial Instruments And Fair Value Measurements [Abstract]
Financial Instruments And Fair Value Measurements	7. Financial Instruments and Fair Value Measurements In the normal course of business, the Company is exposed to certain risks arising from business operations and economic factors. The Company may use derivative financial instruments to help manage market risk and reduce the exposure to fluctuations in interest rates and foreign currencies. These financial instruments are not used for trading or other speculative purposes. For those derivative instruments that are designated and qualify as hedging instruments, the Company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation. To the extent hedging relationships are found to be effective, as determined by FASB guidance, changes in the fair value of the derivatives are offset by changes in the fair value of the related hedged item and recorded to Accumulated other comprehensive loss. Management believes hedge effectiveness is evaluated properly in preparation of the financial statements. Foreign Currency Forward Contracts Not Designated as Hedges The primary purpose of our foreign currency hedging activities is to manage the potential changes in value associated with the changes in foreign currencies on future foreign cash movements for certain jurisdictions. The changes in fair value of these derivative contracts are recognized in Other (income) expense, net, on our Consolidated Statements of Income and are largely offset by the remeasurement of the underlying intercompany loan. The foreign currency forward contracts are Level 2 fair value measurements and we use a discounted cash flow analysis along with significant other observable inputs to determine the fair value of the foreign currency forward contract if it is outstanding at the end of the period. These contracts are typically entered into and settled within the given quarterly reporting period. Cash Flow Hedging Strategy For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative instrument is reported as a component of Accumulated other comprehensive loss and reclassified into earnings in the same line item associated with the forecasted transaction and in the same period or periods during which the hedged transaction affects earnings. The categorization of the framework used to price these derivative instruments is considered a Level 2 fair value measurement, and we utilize a discounted cash flow calculation along with significant other observable inputs to determine the fair value. In February 2013, the Company entered into an interest rate swap transaction to manage cash flow variability associated with interest rate volatility on $ 1 1.00 annual 2.355 May 2016 May 2019 16 In March 2014, the Company entered into an interest rate swap transaction to manage cash flow variability associated with interest rate volatility on $ 1 1.00 annual 2.59 February 2016 February 2019 In September 2015, the Company entered into an interest rate swap transaction to manage cash flow variability associated with interest rate volatility on $ 1 1.00 annual 1.7185 December 2015 June 2019 The Company records the changes in fair value of derivative instruments designated for hedge accounting as prescribed in ASC 815 –Derivatives and Hedging , in Accumulated other comprehensive loss, net of tax, which are included in Deferred income taxes. All other changes in derivative instruments not designated as hedging instruments flow through the Consolidated Statement of Income. The Company has designated all of their interest rate swaps as cash flow hedges. Balance Sheet Location December 31, 2016 October 1, 2016 Interest rate swaps Other long-term liabilities $ 26 $ 45 The effect of the Company's derivative instruments on the Consolidated Statement of Income is as follows: Quarterly Period Ended Derivatives instruments Statement of Operations Location December 31, 2016 January 2, 2016 Interest rate swaps Interest expense, net $ 5 $ — Foreign currency swaps Other (income) expense, net $ 1 $ — Non-recurring Fair Value Measurements The Company has certain assets that are measured at fair value on a non-recurring basis when impairment indicators are present or when the Company completes an acquisition. The Company adjusts certain long-lived assets to fair value only when the carrying values exceed the fair values. The categorization of the framework used to value the assets is considered Level 3, due to the subjective nature of the unobservable inputs used to determine the fair value. These assets that are subject to our annual impairment analysis primarily include our definite lived and indefinite lived intangible assets, including Goodwill and our property, plant and equipment. The Company reviews Goodwill and other indefinite lived assets for impairment as of the first day of the fourth fiscal quarter each year, and more frequently if impairment indicators exist. The Company determined Goodwill and other indefinite lived assets were not impaired in our annual fiscal 2016 assessment. No impairment indicators were identified in the current quarter. Included in the following table are the major categories of assets measured at fair value on a non-recurring basis as of December 31, 2016 and October 1, 2016, along with the impairment loss recognized on the fair value measurement during the period: As of December 31, 2016 Level 1 Level 2 Level 3 Total Impairment Indefinite-lived trademarks $ — $ — $ 248 $ 248 $ — Goodwill — — 2,394 2,394 — Definite lived intangible assets — — 914 914 — Property, plant, and equipment — — 2,182 2,182 — Total $ — $ — $ 5,738 $ 5,738 $ — As of October 1, 2016 Level 1 Level 2 Level 3 Total Impairment Indefinite-lived trademarks $ — $ — $ 248 $ 248 $ — Goodwill — — 2,406 2,406 — Definite lived intangible assets — — 952 952 — Property, plant, and equipment — — 2,224 2,224 3 Total $ — $ — $ 5,830 $ 5,830 $ 3 The Company's financial instruments consist primarily of cash and cash equivalents, long-term debt, interest rate swap agreements and capital lease obligations. The fair value of our long-term indebtedness exceeded book value by $ 63

Income Taxes

Income Taxes	3 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
Income Taxes	8. Income Taxes The Company's effective tax rate was 35 43 4

Operating Segments

Operating Segments	3 Months Ended
	Dec. 31, 2016
Operating Segments [Abstract]
Operating Segments	9. Operating Segments The Company's operations are organized into three 36 79 presented in the following tables: Quarterly Period Ended December 31, 2016 January 2, 2016 Net sales: Consumer Packaging $ 549 $ 604 Health, Hygiene & Specialties 570 600 Engineered Materials 383 408 Total net sales $ 1,502 $ 1,612 Operating income: Consumer Packaging $ 34 $ 39 Health, Hygiene & Specialties 59 13 Engineered Materials 53 34 Total operating income $ 146 $ 86 Depreciation and amortization: Consumer Packaging $ 59 $ 62 Health, Hygiene & Specialties 44 55 Engineered Materials 17 22 Total depreciation and amortization $ 120 $ 139 December 31, 2016 October 1, 2016 Total assets: Consumer Packaging $ 3,254 $ 3,315 Health, Hygiene & Specialties 3,439 3,504 Engineered Materials 818 834 Total assets $ 7,511 $ 7,653 Selected information by geography is presented in the following tables: Quarterly Period Ended December 31, 2016 January 2, 2016 Net sales: North America $ 1,204 $ 1,307 South America 80 79 Europe 149 165 Asia 69 61 Total net sales $ 1,502 $ 1,612 December 31, 2016 October 1, 2016 Long-lived assets: North America $ 4,677 $ 4,724 South America 375 386 Europe 431 462 Asia 285 289 Total long-lived assets: $ 5,768 $ 5,861 Selected information by product line is presented in the following tables: Quarterly Period Ended December 31, 2016 January 2, 2016 Net sales: Rigid Open Top 42 42 Rigid Closed Top 58 58 Consumer Packaging 100 % 100 % Health 20 17 Hygiene 46 45 Specialties 34 38 Health, Hygiene & Specialties 100 % 100 % Core Films 73 71 Retail & Industrial 27 29 Engineered Materials 100 % 100 % Goodwill In connection with the change in reporting segments, the Company reallocated goodwill to the segments under the provisions of ASC 350. The changes in the carrying amount of goodwill by reportable segment are as follows: Consumer Health, Hygiene Engineered Packaging & Specialties Materials Total Balance as of October 1, 2016 $ 1,520 $ 801 $ 85 $ 2,406 Segment realignment (110 ) 7 103 — Foreign currency translation adjustment (1 ) (11 ) — (12 ) Balance as of December 31, 2016 $ 1,409 $ 797 $ 188 $ 2,394

Contingencies And Commitments

Contingencies And Commitments	3 Months Ended
	Dec. 31, 2016
Contingencies And Commitments [Abstract]
Contingencies And Commitments	10. Contingencies and Commitments The Company is party to various legal proceedings in addition to the above involving routine claims which are incidental to its business. Although the Company's legal and financial liability with respect to such proceedings cannot be estimated with certainty, management believes that any ultimate liability would not be material to its financial statements. The Company has various purchase commitments for raw materials, supplies, and property and equipment incidental to the ordinary conduct of business.

Basic And Diluted Net Income Pe

Basic And Diluted Net Income Per Share	3 Months Ended
	Dec. 31, 2016
Basic And Diluted Net Income Per Share [Abstract]
Basic And Diluted Net Income Per Share	11. Basic and Diluted Net Income per Share Basic net income per share is calculated by dividing the net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for common stock equivalents. Diluted net income per share is computed by dividing the net income attributable to common stockholders by the weighted-average number of common share equivalents outstanding for the period determined using the treasury-stock method and the if-converted method. For purposes of this calculation, stock options are considered to be common stock equivalents and are only included in the calculation of diluted net income per share when their effect is dilutive. The following tables and discussion provide a reconciliation of the numerator and denominator of the basic and diluted net income per share computations. The calculation below provides net income per share on both a basic and diluted basis for the quarterly periods ended December 31, 2016 and January 2, 2016: Quarterly Period Ended (in millions, except per share amounts) December 31, 2016 January 2, 2016 Numerator Consolidated net income $ 51 $ 4 Denominator Weighted average common shares outstanding - basic 122.0 120.1 Dilutive shares 5.8 4.8 Weighted average common and common equivalent shares outstanding - diluted 127.8 124.9 Per common share income Basic $ 0.42 $ 0.03 Diluted $ 0.40 $ 0.03

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss)	12. Accumulated Other Comprehensive Income (Loss) The components and activity of Accumulated other comprehensive income (loss) are as follows: Defined Benefit Accumulated Other Pension and Retiree Interest Rate Comprehensive Currency Translation Health Benefit Plans Hedges Income (Loss) Balance at October 1, 2016 $ (82 ) $ (44 ) $ (22 ) $ (148 ) Other comprehensive income (loss) before reclassifications (45 ) — 12 (33 ) Net amount reclassified from accumulated other comprehensive income (loss) — — 5 5 Provision for income taxes related to other comprehensive income items — — (6 ) (6 ) Balance at December 31, 2016 $ (127 ) $ (44 ) $ (11 ) $ (182 ) Defined Benefit Accumulated Other Pension and Retiree Interest Rate Comprehensive Currency Translation Health Benefit Plans Hedges Income (Loss) Balance at September 26, 2015 $ (81 ) $ (25 ) $ (13 ) $ (119 ) Other comprehensive income (loss) before reclassifications (29 ) — 4 (25 ) Net amount reclassified from accumulated other comprehensive income (loss) — — — — Provision for income taxes related to other comprehensive income items — — (1 ) (1 ) Balance at January 2, 2016 $ (110 ) $ (25 ) $ (10 ) $ (145 )

Guarantor And Non-Guarantor Fin

Guarantor And Non-Guarantor Financial Information	3 Months Ended
	Dec. 31, 2016
Guarantor And Non-Guarantor Financial Information [Abstract]
Guarantor And Non-Guarantor Financial Information	13. Guarantor and Non-Guarantor Financial Information Berry Plastics Corporation ("Issuer") has notes outstanding which are fully, jointly, severally, and unconditionally guaranteed by its parent, Berry Plastics Group, Inc. (for purposes of this Note, "Parent") and substantially all of Issuer's domestic subsidiaries. Separate narrative information or financial statements of the guarantor subsidiaries have not been included because they are 100 Condensed Supplemental Consolidated Balance Sheet December 31, 2016 Non- Guarantor Guarantor Parent Issuer Subsidiaries Subsidiaries Eliminations Total Current assets — 226 879 638 — 1,743 Intercompany receivable 275 2,840 — — (3,115 ) — Property, plant, and equipment, net — 74 1,416 692 — 2,182 Other assets 365 4,142 4,070 533 (5,524 ) 3,586 Total assets $ 640 $ 7,282 $ 6,365 $ 1,863 $ (8,639 ) $ 7,511 Current liabilities 100 226 419 235 — 980 Intercompany payable — 66 2,926 123 (3,115 ) — Other long-term liabilities 294 5,822 104 65 — 6,285 Stockholders' equity (deficit) 246 1,168 2,916 1,440 (5,524 ) 246 Total liabilities and stockholders' equity (deficit) $ 640 $ 7,282 $ 6,365 $ 1,863 $ (8,639 ) $ 7,511 October 1, 2016 Non Guarantor Guarantor Parent Issuer Subsidiaries Subsidiaries Eliminations Total Current assets — 161 945 686 — 1,792 Intercompany receivable 364 2,797 — — (3,161 ) — Property, plant and equipment, net — 76 1,434 714 — 2,224 Other assets 302 4,101 4,094 557 (5,417 ) 3,637 Total assets $ 666 $ 7,135 $ 6,473 $ 1,957 $ (8,578 ) $ 7,653 Current liabilities 60 207 480 284 — 1,031 Intercompany payable — — 2,992 169 (3,161 ) — Other long-term liabilities 385 5,822 126 68 — 6,401 Stockholders' equity (deficit) 221 1,106 2,875 1,436 (5,417 ) 221 Total liabilities and stockholders' equity (deficit) $ 666 $ 7,135 $ 6,473 $ 1,957 $ (8,578 ) $ 7,653 Condensed Supplemental Consolidated Statements of Operations Quarterly Period Ended December 31, 2016 Non - Guarantor Guarantor Parent Issuer Subsidiaries Subsidiaries Eliminations Total Net sales $ — $ 143 $ 979 $ 380 $ — $ 1,502 Cost of goods sold — 116 789 301 — 1,206 Selling, general and administrative — 42 75 (4 ) — 113 Amortization of intangibles — 2 25 6 — 33 Restructuring and impairment charges — — 4 — — 4 Operating income — (17 ) 86 77 — 146 Other expense (income), net — 4 — (5 ) — (1 ) Interest expense, net — 6 45 17 — 68 Equity in net income of subsidiaries (79 ) (92 ) — — 171 — Income (loss) before income taxes 79 65 41 65 (171 ) 79 Income tax expense (benefit) 28 14 — 14 (28 ) 28 Consolidated net income (loss) $ 51 $ 51 $ 41 $ 51 $ (143 ) $ 51 Comprehensive net income (loss) $ 51 $ 62 $ 41 $ 6 $ (143 ) $ 17 Consolidating Statement of Cash Flows Cash Flow from Operating Activities $ — $ (19 ) $ 120 $ 42 $ — $ 143 Cash Flow from Investing Activities Additions to property, plant, and equipment — (2 ) (50 ) (13 ) — (65 ) Proceeds from sale of assets — 1 1 — — 2 (Contributions) distributions to/from subsidiaries (5 ) 5 — — — — Intercompany advances (repayments) — 39 — — (39 ) — Other investing activities, net — (1 ) — — — (1 ) Net cash from investing activities (5 ) 42 (49 ) (13 ) (39 ) (64 ) Cash Flow from Financing Activities Proceeds from long-term debt — — — — — — Repayments on long-term borrowings — (9 ) (1 ) — — (10 ) Proceeds from issuance of common stock 5 — — — — 5 Payment of tax receivable agreement (60 ) — — — — (60 ) Changes in intercompany balances 60 — (67 ) (32 ) 39 — Net cash from financing activities 5 (9 ) (68 ) (32 ) 39 (65 ) Effect of exchange rate changes on cash — — — (6 ) — (6 ) Net change in cash — 14 3 (9 ) — 8 Cash and cash equivalents at beginning of period — 102 5 216 — 323 Cash and cash equivalents at end of period $ — $ 116 $ 8 $ 207 $ — $ 331 Quarterly Period Ended January 2, 2016 Non Guarantor Guarantor Parent Issuer Subsidiaries Subsidiaries Eliminations Total Net sales $ — $ 150 $ 992 $ 470 $ — $ 1,612 Cost of goods sold — 123 815 382 — 1,320 Selling, general and administrative — 56 75 23 — 154 Amortization of intangibles — 2 26 8 — 36 Restructuring and impairment charges — — 15 1 — 16 Operating income (loss) — (31 ) 61 56 — 86 Other income, net — (1 ) (4 ) 9 — 4 Interest expense, net — 9 46 20 — 75 Equity in net income of subsidiaries (7 ) (33 ) — — 40 — Income (loss) before income taxes 7 (6 ) 19 27 (40 ) 7 Income tax expense (benefit) 3 (8 ) — 12 (4 ) 3 Consolidated net income (loss) $ 4 $ 2 $ 19 $ 15 $ (36 ) $ 4 Comprehensive net income (loss) $ 4 $ 5 $ 19 $ (14 ) $ (36 ) $ (22 ) Consolidating Statement of Cash Flows Cash Flow from Operating Activities $ — $ (30 ) $ 153 $ 68 $ — $ 191 Cash Flow from Investing Activities Additions to property, plant, and equipment — (3 ) (80 ) (10 ) — (93 ) Proceeds from sale of assets — — 4 — — 4 (Contributions) distributions to/from subsidiaries (7 ) (2,253 ) — — 2,260 — Intercompany advances (repayments) — (162 ) — — 162 — Acquisition of business, net of cash acquired — — (291 ) (1,995 ) — (2,286 ) Net cash from investing activities (7 ) (2,418 ) (367 ) (2,005 ) 2,422 (2,375 ) Cash Flow from Financing Activities Proceeds from long-term borrowings — 2,489 — 3 — 2,492 Repayments on long-term borrowings — (70 ) — (30 ) — (100 ) Proceeds from issuance of common stock 7 — — — — 7 Payment of tax receivable agreement (57 ) — — — — (57 ) Contributions from parent — — 291 1,969 (2,260 ) — Debt financing costs — (36 ) — — — (36 ) Purchase of non-controlling interest — — (66 ) — — (66 ) Changes in intercompany balances 57 — 7 98 (162 ) — Net cash from financing activities 7 2,383 232 2,040 (2,422 ) 2,240 Effect of exchange rate changes on cash — — — (2 ) — (2 ) Net change in cash — (65 ) 18 101 — 54 Cash and cash equivalents at beginning of period — 163 — 65 — 228 Cash and cash equivalents at end of period $ — $ 98 $ 18 $ 166 $ — $ 282

Subsequent Events

Subsequent Events	3 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events AEP Industries Inc. In January 2017, the Company completed the previously announced acquisition of AEP Industries Inc. ("AEP") for a purchase price of approximately 6.5 297 164 500 Term Loan In January 2017, the Company entered into an incremental assumption agreement and amendment to lower the interest rates under certain of the term loans maturing in October 2022 2.75 1 2.50 no Interest Rate Swap In January 2017, the Company entered into an interest rate swap transaction to manage cash flow variability associated with $ 450 2.00 May 2017 May 2022

Accounts Receivable Factoring21

Accounts Receivable Factoring Agreements (Tables)	3 Months Ended
	Dec. 31, 2016
Accounts Receivable Factoring Agreements [Abstract]
Summary Of Accounts Receivable Sold	December 31, 2016 October 1, 2016 Trade receivables sold to financial institutions $ 23 $ 23 Net amounts advanced from financial institutions (19 ) (18 ) Amounts due from financial institutions $ 4 $ 5

Restructuring And Impairment 22

Restructuring And Impairment Charges (Tables)	3 Months Ended
	Dec. 31, 2016
Restructuring And Impairment Charges [Abstract]
Components Of Restructuring Charges By Segment	Quarterly Period Ended December 31, 2016 January 2, 2016 Consumer Packaging $ 2 $ 3 Health, Hygiene & Specialties 2 12 Engineered Materials — 1 Consolidated $ 4 $ 16
Schedule Of Restructuring Accrual Costs	Employee Facilities Exit Severance Costs Total Balance at October 1, 2016 $ 7 $ 6 $ 13 Charges 3 1 4 Cash payments (5 ) (2 ) (7 ) Balance at December 31, 2016 $ 5 $ 5 $ 10

Accrued Expenses, Other Curre23

Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities (Tables)	3 Months Ended
	Dec. 31, 2016
Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities [Abstract]
Summary Of Accrued Expenses And Other Current Liabilities	December 31, 2016 October 1, 2016 Employee compensation, payroll and other $ 105 $ 152 Interest 44 53 Rebates 56 54 Restructuring 10 13 Accrued taxes 45 40 Tax receivable agreement obligation 100 60 Accrued operating expenses 74 77 $ 434 $ 449
Summary Of Other Long-Term Liabilities	December 31, 2016 October 1, 2016 Lease retirement obligation $ 35 $ 34 Sale-lease back deferred gain 25 26 Pension liability 85 88 Deferred purchase price 42 41 Tax receivable agreement obligation 14 114 Interest rate swaps 26 45 Other 67 69 $ 294 $ 417

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Dec. 31, 2016
Long-Term Debt [Abstract]
Summary Of Long-Term Debt	Maturity Date December 31, 2016 October 1, 2016 Term loan February 2020 $ 1,348 $ 1,351 Term loan January 2021 814 814 Term loan October 2022 1,895 1,895 Revolving line of credit May 2020 — — 5 1 / 8 % Second Priority Senior Secured Notes July 2023 700 700 5 1 / 2 % Second Priority Senior Secured Notes May 2022 500 500 6% Second Priority Senior Secured Notes October 2022 400 400 Debt discounts and deferred fees (52 ) (58 ) Capital leases and other Various 148 153 Total long-term debt 5,753 5,755 Current portion of long-term debt (43 ) (43 ) Long-term debt, less current portion $ 5,710 $ 5,712

Financial Instruments And Fai25

Financial Instruments And Fair Value Measurements (Tables)	3 Months Ended
	Dec. 31, 2016
Financial Instruments And Fair Value Measurements [Abstract]
Schedule Of Derivatives Instruments	Balance Sheet Location December 31, 2016 October 1, 2016 Interest rate swaps Other long-term liabilities $ 26 $ 45
Schedule Of Derivatives Not Designated As Hedging, By Statement Of Operations Location	Quarterly Period Ended Derivatives instruments Statement of Operations Location December 31, 2016 January 2, 2016 Interest rate swaps Interest expense, net $ 5 $ — Foreign currency swaps Other (income) expense, net $ 1 $ —
Schedule Of Fair Value Assets Measured On Non-Recurring Basis	As of December 31, 2016 Level 1 Level 2 Level 3 Total Impairment Indefinite-lived trademarks $ — $ — $ 248 $ 248 $ — Goodwill — — 2,394 2,394 — Definite lived intangible assets — — 914 914 — Property, plant, and equipment — — 2,182 2,182 — Total $ — $ — $ 5,738 $ 5,738 $ — As of October 1, 2016 Level 1 Level 2 Level 3 Total Impairment Indefinite-lived trademarks $ — $ — $ 248 $ 248 $ — Goodwill — — 2,406 2,406 — Definite lived intangible assets — — 952 952 — Property, plant, and equipment — — 2,224 2,224 3 Total $ — $ — $ 5,830 $ 5,830 $ 3

Operating Segments (Tables)

Operating Segments (Tables)	3 Months Ended
	Dec. 31, 2016
Operating Segments [Abstract]
Summary Of Selected Information By Reportable Segment	Quarterly Period Ended December 31, 2016 January 2, 2016 Net sales: Consumer Packaging $ 549 $ 604 Health, Hygiene & Specialties 570 600 Engineered Materials 383 408 Total net sales $ 1,502 $ 1,612 Operating income: Consumer Packaging $ 34 $ 39 Health, Hygiene & Specialties 59 13 Engineered Materials 53 34 Total operating income $ 146 $ 86 Depreciation and amortization: Consumer Packaging $ 59 $ 62 Health, Hygiene & Specialties 44 55 Engineered Materials 17 22 Total depreciation and amortization $ 120 $ 139
Summary Of Assets And Goodwill By Segment	December 31, 2016 October 1, 2016 Total assets: Consumer Packaging $ 3,254 $ 3,315 Health, Hygiene & Specialties 3,439 3,504 Engineered Materials 818 834 Total assets $ 7,511 $ 7,653
Summary Of Selected Information By Geography	Quarterly Period Ended December 31, 2016 January 2, 2016 Net sales: North America $ 1,204 $ 1,307 South America 80 79 Europe 149 165 Asia 69 61 Total net sales $ 1,502 $ 1,612
Summary Of Long-Lived Assets By Geography	December 31, 2016 October 1, 2016 Long-lived assets: North America $ 4,677 $ 4,724 South America 375 386 Europe 431 462 Asia 285 289 Total long-lived assets: $ 5,768 $ 5,861
Schedule Of Selected Information By Product Line	Quarterly Period Ended December 31, 2016 January 2, 2016 Net sales: Rigid Open Top 42 42 Rigid Closed Top 58 58 Consumer Packaging 100 % 100 % Health 20 17 Hygiene 46 45 Specialties 34 38 Health, Hygiene & Specialties 100 % 100 % Core Films 73 71 Retail & Industrial 27 29 Engineered Materials 100 % 100 %
Changes In The Carrying Amount Of Goodwill	Consumer Health, Hygiene Engineered Packaging & Specialties Materials Total Balance as of October 1, 2016 $ 1,520 $ 801 $ 85 $ 2,406 Segment realignment (110 ) 7 103 — Foreign currency translation adjustment (1 ) (11 ) — (12 ) Balance as of December 31, 2016 $ 1,409 $ 797 $ 188 $ 2,394

Basic And Diluted Net Income 27

Basic And Diluted Net Income Per Share (Tables)	3 Months Ended
	Dec. 31, 2016
Basic And Diluted Net Income Per Share [Abstract]
Schedule Of Net Income Per Share	Quarterly Period Ended (in millions, except per share amounts) December 31, 2016 January 2, 2016 Numerator Consolidated net income $ 51 $ 4 Denominator Weighted average common shares outstanding - basic 122.0 120.1 Dilutive shares 5.8 4.8 Weighted average common and common equivalent shares outstanding - diluted 127.8 124.9 Per common share income Basic $ 0.42 $ 0.03 Diluted $ 0.40 $ 0.03

Accumulated Other Comprehensi28

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Abstract]
Schedule Of Accumulated Other Comprehensive Income (Loss)	Defined Benefit Accumulated Pension and Other Currency Retiree Health Interest Rate Comprehensive (Amounts presented net of taxes) Translation Benefit Plans Hedges Income (Loss) Balance at October 1, 2016 $ (82 ) $ (44 ) $ (22 ) $ (148 ) Other comprehensive income (loss) before reclassifications — — — — Net amount reclassified from accumulated other comprehensive income (loss) — — — — Provision for income taxes related to other comprehensive income items — — — — Balance at December 31, 2016 $ (82 ) $ (44 ) $ (22 ) $ (148 ) Defined Benefit Accumulated Pension and Other Currency Retiree Health Interest Rate Comprehensive (Amounts presented net of taxes) Translation Benefit Plans Hedges Income (Loss) Balance at September 26, 2015 $ (81 ) $ (25 ) $ (13 ) $ (119 ) Other comprehensive income (loss) before reclassifications (29 ) — 4 (25 ) Net amount reclassified from accumulated other comprehensive income (loss) — — — — Provision for income taxes related to other comprehensive income items — — (1 ) (1 ) Balance at January 2, 2016 $ (110 ) $ (25 ) $ (10 ) $ (145 )

Guarantor And Non-Guarantor F29

Guarantor And Non-Guarantor Financial Information (Tables)	3 Months Ended
	Dec. 31, 2016
Guarantor And Non-Guarantor Financial Information [Abstract]
Condensed Supplemental Consolidated Financial Information	Condensed Supplemental Consolidated Balance Sheet December 31, 2016 Non- Guarantor Guarantor Parent Issuer Subsidiaries Subsidiaries Eliminations Total Current assets — 226 879 638 — 1,743 Intercompany receivable 275 2,840 — — (3,115 ) — Property, plant, and equipment, net — 74 1,416 692 — 2,182 Other assets 365 4,142 4,070 533 (5,524 ) 3,586 Total assets $ 640 $ 7,282 $ 6,365 $ 1,863 $ (8,639 ) $ 7,511 Current liabilities 100 226 419 235 — 980 Intercompany payable — 66 2,926 123 (3,115 ) — Other long-term liabilities 294 5,822 104 65 — 6,285 Stockholders' equity (deficit) 246 1,168 2,916 1,440 (5,524 ) 246 Total liabilities and stockholders' equity (deficit) $ 640 $ 7,282 $ 6,365 $ 1,863 $ (8,639 ) $ 7,511 October 1, 2016 Non Guarantor Guarantor Parent Issuer Subsidiaries Subsidiaries Eliminations Total Current assets — 161 945 686 — 1,792 Intercompany receivable 364 2,797 — — (3,161 ) — Property, plant and equipment, net — 76 1,434 714 — 2,224 Other assets 302 4,101 4,094 557 (5,417 ) 3,637 Total assets $ 666 $ 7,135 $ 6,473 $ 1,957 $ (8,578 ) $ 7,653 Current liabilities 60 207 480 284 — 1,031 Intercompany payable — — 2,992 169 (3,161 ) — Other long-term liabilities 385 5,822 126 68 — 6,401 Stockholders' equity (deficit) 221 1,106 2,875 1,436 (5,417 ) 221 Total liabilities and stockholders' equity (deficit) $ 666 $ 7,135 $ 6,473 $ 1,957 $ (8,578 ) $ 7,653 Condensed Supplemental Consolidated Statements of Operations Quarterly Period Ended December 31, 2016 Non - Guarantor Guarantor Parent Issuer Subsidiaries Subsidiaries Eliminations Total Net sales $ — $ 143 $ 979 $ 380 $ — $ 1,502 Cost of goods sold — 116 789 301 — 1,206 Selling, general and administrative — 42 75 (4 ) — 113 Amortization of intangibles — 2 25 6 — 33 Restructuring and impairment charges — — 4 — — 4 Operating income — (17 ) 86 77 — 146 Other expense (income), net — 4 — (5 ) — (1 ) Interest expense, net — 6 45 17 — 68 Equity in net income of subsidiaries (79 ) (92 ) — — 171 — Income (loss) before income taxes 79 65 41 65 (171 ) 79 Income tax expense (benefit) 28 14 — 14 (28 ) 28 Consolidated net income (loss) $ 51 $ 51 $ 41 $ 51 $ (143 ) $ 51 Comprehensive net income (loss) $ 51 $ 62 $ 41 $ 6 $ (143 ) $ 17 Consolidating Statement of Cash Flows Cash Flow from Operating Activities $ — $ (19 ) $ 120 $ 42 $ — $ 143 Cash Flow from Investing Activities Additions to property, plant, and equipment — (2 ) (50 ) (13 ) — (65 ) Proceeds from sale of assets — 1 1 — — 2 (Contributions) distributions to/from subsidiaries (5 ) 5 — — — — Intercompany advances (repayments) — 39 — — (39 ) — Other investing activities, net — (1 ) — — — (1 ) Net cash from investing activities (5 ) 42 (49 ) (13 ) (39 ) (64 ) Cash Flow from Financing Activities Proceeds from long-term debt — — — — — — Repayments on long-term borrowings — (9 ) (1 ) — — (10 ) Proceeds from issuance of common stock 5 — — — — 5 Payment of tax receivable agreement (60 ) — — — — (60 ) Changes in intercompany balances 60 — (67 ) (32 ) 39 — Net cash from financing activities 5 (9 ) (68 ) (32 ) 39 (65 ) Effect of exchange rate changes on cash — — — (6 ) — (6 ) Net change in cash — 14 3 (9 ) — 8 Cash and cash equivalents at beginning of period — 102 5 216 — 323 Cash and cash equivalents at end of period $ — $ 116 $ 8 $ 207 $ — $ 331 Quarterly Period Ended January 2, 2016 Non — Guarantor Guarantor Parent Issuer Subsidiaries Subsidiaries Eliminations Total Net sales $ — $ 150 $ 992 $ 470 $ — $ 1,612 Cost of goods sold — 123 815 382 — 1,320 Selling, general and administrative — 56 75 23 — 154 Amortization of intangibles — 2 26 8 — 36 Restructuring and impairment charges — — 15 1 — 16 Operating income (loss) — (31 ) 61 56 — 86 Other income, net — (1 ) (4 ) 9 — 4 Interest expense, net — 9 46 20 — 75 Equity in net income of subsidiaries (7 ) (33 ) — — 40 — Income (loss) before income taxes 7 (6 ) 19 27 (40 ) 7 Income tax expense (benefit) 3 (8 ) — 12 (4 ) 3 Consolidated net income (loss) $ 4 $ 2 $ 19 $ 15 $ (36 ) $ 4 Comprehensive net income (loss) $ 4 $ 5 $ 19 $ (14 ) $ (36 ) $ (22 ) Consolidating Statement of Cash Flows Cash Flow from Operating Activities $ — $ (30 ) $ 153 $ 68 $ — $ 191 Cash Flow from Investing Activities Additions to property, plant, and equipment — (3 ) (80 ) (10 ) — (93 ) Proceeds from sale of assets — — 4 — — 4 (Contributions) distributions to/from subsidiaries (7 ) (2,253 ) — — 2,260 — Intercompany advances (repayments) — (162 ) — — 162 — Acquisition of business, net of cash acquired — — (291 ) (1,995 ) — (2,286 ) Net cash from investing activities (7 ) (2,418 ) (367 ) (2,005 ) 2,422 (2,375 ) Cash Flow from Financing Activities Proceeds from long-term borrowings — 2,489 — 3 — 2,492 Repayments on long-term borrowings — (70 ) — (30 ) — (100 ) Proceeds from issuance of common stock 7 — — — — 7 Payment of tax receivable agreement (57 ) — — — — (57 ) Contributions from parent — — 291 1,969 (2,260 ) — Debt financing costs — (36 ) — — — (36 ) Purchase of non-controlling interest — — (66 ) — — (66 ) Changes in intercompany balances 57 — 7 98 (162 ) — Net cash from financing activities 7 2,383 232 2,040 (2,422 ) 2,240 Effect of exchange rate changes on cash — — — (2 ) — (2 ) Net change in cash — (65 ) 18 101 — 54 Cash and cash equivalents at beginning of period — 163 — 65 — 228 Cash and cash equivalents at end of period $ — $ 98 $ 18 $ 166 $ — $ 282

Accounts Receivable Factoring30

Accounts Receivable Factoring Agreements (Summary Of Accounts Receivable Sold) (Details) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Oct. 01, 2016
Accounts Receivable Factoring Agreements [Abstract]
Trade receivables sold to financial institutions	$ 23	$ 23
Net amounts advanced from financial institutions	(19)	(18)
Amounts due from financial institutions	$ 4	$ 5

Restructuring And Impairment 31

Restructuring And Impairment Charges (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Restructuring And Impairment Charges [Abstract]
Restructuring Charges	$ 4	$ 16

Restructuring And Impairment 32

Restructuring And Impairment Charges (Components Of Restructuring Charges By Segment) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Restructuring And Impairment Charges [Line Items]
Charges	$ 4	$ 16
Consumer Packaging [Member]
Restructuring And Impairment Charges [Line Items]
Charges	2	3
Health, Hygiene, & Specialities [Member]
Restructuring And Impairment Charges [Line Items]
Charges	$ 2	12
Engineered Materials [Member]
Restructuring And Impairment Charges [Line Items]
Charges		$ 1

Restructuring And Impairment 33

Restructuring And Impairment Charges (Schedule Of Restructuring Accrual Costs) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Restructuring And Impairment Charges [Line Items]
Beginning balance	$ 13
Charges	4	$ 16
Cash payments	(7)
Ending balance	10
Employee Severance [Member]
Restructuring And Impairment Charges [Line Items]
Beginning balance	7
Charges	3
Cash payments	(5)
Ending balance	5
Facilities Exit Costs [Member]
Restructuring And Impairment Charges [Line Items]
Beginning balance	6
Charges	1
Cash payments	(2)
Ending balance	$ 5

Accrued Expenses, Other Curre34

Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities (Narrative) (Details) $ in Millions	3 Months Ended
	Dec. 31, 2016USD ($)
Accrued Expenses And Other Current Liabilities [Line Items]
Tax receivable agreement holders percentage	85.00%
Payments related to income tax receivable agreement	$ 60
Apollo Global Management, LLC [Member]
Accrued Expenses And Other Current Liabilities [Line Items]
Payments related to income tax receivable agreement	$ 48

Accrued Expenses, Other Curre35

Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities (Summary Of Accrued Expenses And Other Current Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Oct. 01, 2016
Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities [Abstract]
Employee compensation, payroll and other	$ 105	$ 152
Interest	44	53
Rebates	56	54
Restructuring	10	13
Accrued taxes	45	40
Tax receivable agreement obligation	100	60
Accrued operating expenses	74	77
Total accrued liabilities, current	$ 434	$ 449

Accrued Expenses, Other Curre36

Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities (Summary Of Other Long-Term Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Oct. 01, 2016
Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities [Abstract]
Lease retirement obligation	$ 35	$ 34
Sale-lease back deferred gain	25	26
Pension liability	85	88
Deferred purchase price	42	41
Tax receivable agreement obligation	14	114
Interest rate swaps	26	45
Other	67	69
Other long-term liabilities	$ 294	$ 417

Long-Term Debt (Summary Of Long

Long-Term Debt (Summary Of Long-Term Debt) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2016	Oct. 01, 2016
Debt Instrument [Line Items]
Debt discounts and deferred fees	$ (52)	$ (58)
Capital leases and other	148	153
Total long-term debt	5,753	5,755
Current portion of long-term debt	(43)	(43)
Long-term debt, less current portion	$ 5,710	5,712
Revolving Line Of Credit [Member]
Debt Instrument [Line Items]
Maturity date	May 1, 2020
Term Loan Due February 2020 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 1,348	1,351
Maturity date	Feb. 1, 2020
Term Loan Due January 2021 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 814	814
Maturity date	Jan. 1, 2021
Term Loan Due October 2022 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 1,895	1,895
Maturity date	Oct. 1, 2022
5 1/8% Second Priority Senior Secured Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 700	700
Debt instrument, interest rate	5.125%
Maturity date	Jul. 1, 2023
5 1/2% Second Priority Senior Secured Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 500	500
Debt instrument, interest rate	5.50%
Maturity date	May 1, 2022
6% Second Priority Senior Secured Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 400	$ 400
Debt instrument, interest rate	6.00%
Maturity date	Oct. 1, 2022

Financial Instruments And Fai38

Financial Instruments And Fair Value Measurements (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Jun. 28, 2013	Dec. 31, 2016	Oct. 01, 2016	Sep. 30, 2015	Mar. 31, 2014	Feb. 28, 2013
Derivative [Line Items]
Fair value of investments exceeding book value		$ 63,000,000
Indefinite-lived trademark, Impairment
Goodwill impairment charge
Definite lived intangible assets, Impairment
Impairment of long-lived assets			$ 3,000,000
2013 Swaps [Member]
Derivative [Line Items]
Debt instrument, face amount						$ 1,000,000,000
Derivative variable interest rate						1.00%
Derivative settlement receivables	$ 16,000,000
Term of fixed interest rate		1 year
Derivative instrument fixed interest rate						2.355%
Derivative effective date		May 1, 2016
Derivative maturity date		May 1, 2019
2014 Swaps [Member]
Derivative [Line Items]
Debt instrument, face amount					$ 1,000,000,000
Derivative variable interest rate					1.00%
Term of fixed interest rate		1 year
Derivative instrument fixed interest rate					2.59%
Derivative effective date		Feb. 1, 2016
Derivative maturity date		Feb. 1, 2019
2015 Swap [Member]
Derivative [Line Items]
Debt instrument, face amount				$ 1,000,000,000
Derivative variable interest rate				1.00%
Term of fixed interest rate		1 year
Derivative instrument fixed interest rate				1.7185%
Derivative effective date		Dec. 1, 2015
Derivative maturity date		Jun. 1, 2019

Financial Instruments And Fai39

Financial Instruments And Fair Value Measurements (Schedule Of Derivative Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2016	Oct. 01, 2016
Derivatives, Fair Value [Line Items]
Interest rate swaps	$ 26	$ 45
Other Long-Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Interest rate swap	$ 26	$ 45

Financial Instruments And Fai40

Financial Instruments And Fair Value Measurements (Schedule Of Derivatives Not Designated As Hedging, By Statement Of Operations Location) (Details) $ in Millions	3 Months Ended
	Dec. 31, 2016USD ($)
Interest Rate Swap [Member] | Interest Expense, Net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments	$ 5
Foreign Currency Swaps [Member] | Other (Income) Expense, Net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments	$ 1

Financial Instruments And Fai41

Financial Instruments And Fair Value Measurements (Schedule of Fair Value Assets Measured On A Non-Recurring Basis) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Oct. 01, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived trademarks	$ 248	$ 248
Goodwill	2,394	2,406
Definite lived intangible assets	914	952
Property, plant, and equipment	2,182	2,224
Total	5,738	5,830
Indefinite-lived trademark, Impairment
Goodwill, Impairment
Definite lived intangible assets, Impairment
Property, plant, and equipment, Impairment		3
Total		3
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived trademarks	248	248
Goodwill	2,394	2,406
Definite lived intangible assets	914	952
Property, plant, and equipment	2,182	2,224
Total	$ 5,738	$ 5,830

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Income Taxes [Abstract]
Effective tax rate	35.00%	43.00%
Effective tax rate due to valuation allowances	4.00%

Operating Segments (Narrative)

Operating Segments (Narrative) (Details) $ in Millions	3 Months Ended
	Dec. 31, 2016USD ($)segment	Jan. 02, 2016USD ($)
Segment Reporting Information [Line Items]
Number of reporting segments | segment	3
Net sales	$ 1,502	$ 1,612
Restatement Adjustment [Member] | Retail & Industrial [Member]
Segment Reporting Information [Line Items]
Net sales		36
Restatement Adjustment [Member] | Core Films [Member]
Segment Reporting Information [Line Items]
Net sales		$ 79

Operating Segments (Summary Of

Operating Segments (Summary Of Selected Information By Reportable Segment) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Segment Reporting Information [Line Items]
Total net sales	$ 1,502	$ 1,612
Total operating income	146	86
Total depreciation and amortization	120	139
Consumer Packaging [Member]
Segment Reporting Information [Line Items]
Total net sales	549	604
Total operating income	34	39
Total depreciation and amortization	59	62
Health, Hygiene, & Specialities [Member]
Segment Reporting Information [Line Items]
Total net sales	570	600
Total operating income	59	13
Total depreciation and amortization	44	55
Engineered Materials [Member]
Segment Reporting Information [Line Items]
Total net sales	383	408
Total operating income	53	34
Total depreciation and amortization	$ 17	$ 22

Operating Segments (Summary O45

Operating Segments (Summary Of Assets And Goodwill By Segment) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Oct. 01, 2016
Segment Reporting Information [Line Items]
Total assets	$ 7,511	$ 7,653
Consumer Packaging [Member]
Segment Reporting Information [Line Items]
Total assets	3,254	3,315
Health, Hygiene, & Specialities [Member]
Segment Reporting Information [Line Items]
Total assets	3,439	3,504
Engineered Materials [Member]
Segment Reporting Information [Line Items]
Total assets	$ 818	$ 834

Operating Segments (Summary O46

Operating Segments (Summary Of Selected Information By Geography) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Segment Reporting Information [Line Items]
Total net sales	$ 1,502	$ 1,612
North America [Member]
Segment Reporting Information [Line Items]
Total net sales	1,204	1,307
South America [Member]
Segment Reporting Information [Line Items]
Total net sales	80	79
Europe [Member]
Segment Reporting Information [Line Items]
Total net sales	149	165
Asia [Member]
Segment Reporting Information [Line Items]
Total net sales	$ 69	$ 61

Operating Segments (Summary O47

Operating Segments (Summary Of Long-Lived Assets By Geography) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Oct. 01, 2016
Segment Reporting Information [Line Items]
Total long-lived assets	$ 5,768	$ 5,861
North America [Member]
Segment Reporting Information [Line Items]
Total long-lived assets	4,677	4,724
South America [Member]
Segment Reporting Information [Line Items]
Total long-lived assets	375	386
Europe [Member]
Segment Reporting Information [Line Items]
Total long-lived assets	431	462
Asia [Member]
Segment Reporting Information [Line Items]
Total long-lived assets	$ 285	$ 289

Operating Segments (Schedule Of

Operating Segments (Schedule Of Selected Information By Product Line) (Details) - Sales Revenue, Product Line [Member]	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Rigid Open Top [Member]
Product Information [Line Items]
Product line percentage	42.00%	42.00%
Rigid Closed Top [Member]
Product Information [Line Items]
Product line percentage	58.00%	58.00%
Consumer Packaging [Member]
Product Information [Line Items]
Product line percentage	100.00%	100.00%
Health [Member]
Product Information [Line Items]
Product line percentage	20.00%	17.00%
Hygiene [Member]
Product Information [Line Items]
Product line percentage	46.00%	45.00%
Specialities [Member]
Product Information [Line Items]
Product line percentage	34.00%	38.00%
Health, Hygiene, & Specialities [Member]
Product Information [Line Items]
Product line percentage	100.00%	100.00%
Core Films [Member]
Product Information [Line Items]
Product line percentage	73.00%	71.00%
Retail & Industrial [Member]
Product Information [Line Items]
Product line percentage	27.00%	29.00%
Engineered Materials [Member]
Product Information [Line Items]
Product line percentage	100.00%	100.00%

Operating Segments (Changes In

Operating Segments (Changes In The Carrying Amount Of Goodwill) (Details) $ in Millions	3 Months Ended
	Dec. 31, 2016USD ($)
Goodwill [Line Items]
Goodwill, Beginning balance	$ 2,406
Segment realignment
Foreign currency translation adjustment	(12)
Goodwill, Ending balance	2,394
Consumer Packaging [Member]
Goodwill [Line Items]
Goodwill, Beginning balance	1,520
Segment realignment	(110)
Foreign currency translation adjustment	(1)
Goodwill, Ending balance	1,409
Health, Hygiene, & Specialities [Member]
Goodwill [Line Items]
Goodwill, Beginning balance	801
Segment realignment	7
Foreign currency translation adjustment	(11)
Goodwill, Ending balance	797
Engineered Materials [Member]
Goodwill [Line Items]
Goodwill, Beginning balance	85
Segment realignment	103
Foreign currency translation adjustment
Goodwill, Ending balance	$ 188

Basic And Diluted Net Income 50

Basic And Diluted Net Income Per Share (Schedule Of Net Income Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Basic And Diluted Net Income Per Share [Abstract]
Consolidated net income	$ 51	$ 4
Weighted average common shares outstanding - basic	122	120.1
Dilutive shares	5.8	4.8
Weighted average common and common equivalent shares outstanding - diluted	127.8	124.9
Basic	$ 0.42	$ 0.03
Diluted	$ 0.40	$ 0.03

Accumulated Other Comprehensi51

Accumulated Other Comprehensive Income (Loss) (Schedule Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, Accumulated Other Comprehensive Loss	$ (148)	$ (119)
Other comprehensive income (loss) before reclassifications	(33)	(25)
Net amount reclassified from accumulated other comprehensive income (loss)	5
Provision for income taxes related to other comprehensive income items	(6)	(1)
Balance, Accumulated Other Comprehensive Loss	(182)	(145)
Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, Accumulated Other Comprehensive Loss	(82)	(81)
Other comprehensive income (loss) before reclassifications	(45)	(29)
Net amount reclassified from accumulated other comprehensive income (loss)
Provision for income taxes related to other comprehensive income items
Balance, Accumulated Other Comprehensive Loss	(127)	(110)
Defined Benefit Pension And Retiree Health Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, Accumulated Other Comprehensive Loss	(44)	(25)
Other comprehensive income (loss) before reclassifications
Net amount reclassified from accumulated other comprehensive income (loss)
Provision for income taxes related to other comprehensive income items
Balance, Accumulated Other Comprehensive Loss	(44)	(25)
Interest Rate Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, Accumulated Other Comprehensive Loss	(22)	(13)
Other comprehensive income (loss) before reclassifications	12	4
Net amount reclassified from accumulated other comprehensive income (loss)	5
Provision for income taxes related to other comprehensive income items	(6)	(1)
Balance, Accumulated Other Comprehensive Loss	$ (11)	$ (10)

Guarantor And Non-Guarantor F52

Guarantor And Non-Guarantor Financial Information (Narrative) (Details)	Dec. 31, 2016
Guarantor Subsidiaries [Member]
Percentage ownership in guarantor subsidiaries	100.00%

Guarantor And Non-Guarantor F53

Guarantor And Non-Guarantor Financial Information (Condensed Supplemental Consolidated Balance Sheet) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Oct. 01, 2016	Jan. 02, 2016	Sep. 26, 2015
Condensed Supplemental Consolidated Balance Sheet [Line Items]
Cash and cash equivalents	$ 331	$ 323	$ 282	$ 228
Accounts receivable (less allowance of $8 and $8, respectively)	622	704
Inventories	686	660
Prepaid Expense and Other Assets, Current	104	105
Total current assets	1,743	1,792
Property, plant, and equipment, net	2,182	2,224
Goodwill and intangible assets, net	3,556	3,606
Other assets	3,586	3,637
Other assets	30	31
Total assets	7,511	7,653
Accounts payable	503	539
Accrued expenses and other current liabilities	434	449
Total current liabilities	980	1,031
Long-term debt, less current portion	5,710	5,712
Deferred income taxes	281	272
Other long-term liabilities	6,285	6,401
Total liabilities	7,265	7,432
Stockholders equity (deficit)	246	221
Total liabilities and stockholders' equity	7,511	7,653
Parent Company [Member]
Condensed Supplemental Consolidated Balance Sheet [Line Items]
Intercompany receivable	275	364
Other assets	365	302
Total assets	640	666
Total current liabilities	100	60
Other long-term liabilities	294	385
Stockholders equity (deficit)	246	221
Total liabilities and stockholders' equity	640	666
Issuer [Member]
Condensed Supplemental Consolidated Balance Sheet [Line Items]
Cash and cash equivalents	116	102	98	163
Intercompany receivable	2,840	2,797
Total current assets	226	161
Property, plant, and equipment, net	74	76
Other assets	4,142	4,101
Total assets	7,282	7,135
Intercompany payable	66
Total current liabilities	226	207
Other long-term liabilities	5,822	5,822
Stockholders equity (deficit)	1,168	1,106
Total liabilities and stockholders' equity	7,282	7,135
Guarantor Subsidiaries [Member]
Condensed Supplemental Consolidated Balance Sheet [Line Items]
Cash and cash equivalents	8	5	18
Total current assets	879	945
Property, plant, and equipment, net	1,416	1,434
Other assets	4,070	4,094
Total assets	6,365	6,473
Intercompany payable	2,926	2,992
Total current liabilities	419	480
Other long-term liabilities	104	126
Stockholders equity (deficit)	2,916	2,875
Total liabilities and stockholders' equity	6,365	6,473
Non-Guarantor Subsidiaries [Member]
Condensed Supplemental Consolidated Balance Sheet [Line Items]
Cash and cash equivalents	207	216	$ 166	$ 65
Total current assets	638	686
Property, plant, and equipment, net	692	714
Other assets	533	557
Total assets	1,863	1,957
Intercompany payable	123	169
Total current liabilities	235	284
Other long-term liabilities	65	68
Stockholders equity (deficit)	1,440	1,436
Total liabilities and stockholders' equity	1,863	1,957
Eliminations [Member]
Condensed Supplemental Consolidated Balance Sheet [Line Items]
Intercompany receivable	(3,115)	(3,161)
Other assets	(5,524)	(5,417)
Total assets	(8,639)	(8,578)
Intercompany payable	(3,115)	(3,161)
Stockholders equity (deficit)	(5,524)	(5,417)
Total liabilities and stockholders' equity	$ (8,639)	$ (8,578)

Guarantor And Non-Guarantor F54

Guarantor And Non-Guarantor Financial Information (Condensed Supplemental Consolidated Statements Of Operations) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Condensed Consolidating Financial Information [Line Items]
Net sales	$ 1,502	$ 1,612
Cost of goods sold	1,206	1,320
Selling, general and administrative	113	154
Amortization of intangibles	33	36
Restructuring and impairment charges	4	16
Operating income (loss)	146	86
Other expense (income), net	(1)	4
Interest expense, net	68	75
Income before income taxes	79	7
Income tax expense (benefit)	28	3
Net income	51	4
Comprehensive net income (loss)	17	(22)
Parent Company [Member]
Condensed Consolidating Financial Information [Line Items]
Equity in net income of subsidiaries	(79)	(7)
Income before income taxes	79	7
Income tax expense (benefit)	28	3
Net income	51	4
Comprehensive net income (loss)	51	4
Issuer [Member]
Condensed Consolidating Financial Information [Line Items]
Net sales	143	150
Cost of goods sold	116	123
Selling, general and administrative	42	56
Amortization of intangibles	2	2
Operating income (loss)	(17)	(31)
Other expense (income), net	4	(1)
Interest expense, net	6	9
Equity in net income of subsidiaries	(92)	(33)
Income before income taxes	65	(6)
Income tax expense (benefit)	14	(8)
Net income	51	2
Comprehensive net income (loss)	62	5
Guarantor Subsidiaries [Member]
Condensed Consolidating Financial Information [Line Items]
Net sales	979	992
Cost of goods sold	789	815
Selling, general and administrative	75	75
Amortization of intangibles	25	26
Restructuring and impairment charges	4	15
Operating income (loss)	86	61
Other expense (income), net		(4)
Interest expense, net	45	46
Income before income taxes	41	19
Net income	41	19
Comprehensive net income (loss)	41	19
Non-Guarantor Subsidiaries [Member]
Condensed Consolidating Financial Information [Line Items]
Net sales	380	470
Cost of goods sold	301	382
Selling, general and administrative	(4)	23
Amortization of intangibles	6	8
Restructuring and impairment charges		1
Operating income (loss)	77	56
Other expense (income), net	(5)	9
Interest expense, net	17	20
Income before income taxes	65	27
Income tax expense (benefit)	14	12
Net income	51	15
Comprehensive net income (loss)	6	(14)
Eliminations [Member]
Condensed Consolidating Financial Information [Line Items]
Equity in net income of subsidiaries	171	40
Income before income taxes	(171)	(40)
Income tax expense (benefit)	(28)	(4)
Net income	(143)	(36)
Comprehensive net income (loss)	$ (143)	$ (36)

Guarantor And Non-Guarantor F55

Guarantor And Non-Guarantor Financial Information (Condensed Supplemental Consolidated Statements Of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Condensed Supplemental Consolidated Statement of Cash Flows [Line Items]
Cash Flow from Operating Activities	$ 143	$ 191
Additions to property, plant and equipment	(65)	(93)
Proceeds from sale of assets	2	4
Acquisition of business net of cash acquired		(2,286)
Other investing activities, net	(1)
Net cash from investing activities	(64)	(2,375)
Proceeds from long-term debt		2,492
Payment of tax receivable agreement	(60)	(57)
Proceeds from issuance of common stock	5	7
Repayments on long-term borrowings	(10)	(100)
Debt financing costs		(36)
Purchase of non-controlling interest		(66)
Net cash from financing activities	(65)	2,240
Effect of exchange rate changes on cash	(6)	(2)
Net change in cash	8	54
Cash and cash equivalents at beginning of period	323	228
Cash and cash equivalents at end of period	331	282
Parent Company [Member]
Condensed Supplemental Consolidated Statement of Cash Flows [Line Items]
(Contributions) distributions to/from subsidiaries	(5)	(7)
Net cash from investing activities	(5)	(7)
Payment of tax receivable agreement	(60)	(57)
Proceeds from issuance of common stock	5	7
Changes in intercompany balances	60	57
Net cash from financing activities	5	7
Issuer [Member]
Condensed Supplemental Consolidated Statement of Cash Flows [Line Items]
Cash Flow from Operating Activities	(19)	(30)
Additions to property, plant and equipment	(2)	(3)
Proceeds from sale of assets	1
(Contributions) distributions to/from subsidiaries	5	(2,253)
Intercompany advances (repayments)	39	(162)
Other investing activities, net	(1)
Net cash from investing activities	42	(2,418)
Proceeds from long-term debt		2,489
Repayments on long-term borrowings	(9)	(70)
Debt financing costs		(36)
Net cash from financing activities	(9)	2,383
Net change in cash	14	(65)
Cash and cash equivalents at beginning of period	102	163
Cash and cash equivalents at end of period	116	98
Guarantor Subsidiaries [Member]
Condensed Supplemental Consolidated Statement of Cash Flows [Line Items]
Cash Flow from Operating Activities	120	153
Additions to property, plant and equipment	(50)	(80)
Proceeds from sale of assets	1	4
Acquisition of business net of cash acquired		(291)
Net cash from investing activities	(49)	(367)
Repayments on long-term borrowings	(1)
Purchase of non-controlling interest		(66)
Changes in intercompany balances	(67)	7
Contribution from Parent		291
Net cash from financing activities	(68)	232
Net change in cash	3	18
Cash and cash equivalents at beginning of period	5
Cash and cash equivalents at end of period	8	18
Non-Guarantor Subsidiaries [Member]
Condensed Supplemental Consolidated Statement of Cash Flows [Line Items]
Cash Flow from Operating Activities	42	68
Additions to property, plant and equipment	(13)	(10)
Acquisition of business net of cash acquired		(1,995)
Net cash from investing activities	(13)	(2,005)
Proceeds from long-term debt		3
Repayments on long-term borrowings		(30)
Changes in intercompany balances	(32)	98
Contribution from Parent		1,969
Net cash from financing activities	(32)	2,040
Effect of exchange rate changes on cash	(6)	(2)
Net change in cash	(9)	101
Cash and cash equivalents at beginning of period	216	65
Cash and cash equivalents at end of period	207	166
Eliminations [Member]
Condensed Supplemental Consolidated Statement of Cash Flows [Line Items]
(Contributions) distributions to/from subsidiaries		2,260
Intercompany advances (repayments)	(39)	162
Net cash from investing activities	(39)	2,422
Changes in intercompany balances	39	(162)
Contribution from Parent		(2,260)
Net cash from financing activities	$ 39	$ (2,422)

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) shares in Millions	1 Months Ended	3 Months Ended
	Jan. 31, 2017	Dec. 31, 2016
Term Loan Due October 2022 [Member]
Subsequent Event [Line Items]
Maturity date		Oct. 1, 2022
2017 Swap [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Debt instrument, face amount	$ 450,000,000
Derivative instrument fixed interest rate	2.00%
Derivative effective date	May 1, 2017
Derivative maturity date	May 1, 2022
AEP Industries Inc. [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Shares acquired	6.5
Purchase price	$ 297,000,000
Assumption of outstanding debt	164,000,000
Increased existing term loan agreement	$ 500,000,000
AVINTIV [Member] | Term Loan Due October 2022 [Member]
Subsequent Event [Line Items]
Maturity date		Oct. 1, 2022
Incremental term loan bears interest at LIBOR plus		2.75%
Per annum with a LIBOR floor		1
AVINTIV [Member] | Term Loan Due October 2022 [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Incremental term loan bears interest at LIBOR plus	2.50%
Per annum with a LIBOR floor	0