TE Connectivity (TEL) 10-Q 29 Jul 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 24, 2022	Jul. 22, 2022
Document and Entity Information
Entity Registrant Name	TE CONNECTIVITY LTD.
Entity Central Index Key	0001385157
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 24, 2022
Document Transition Report	false
Entity File Number	001-33260
Entity Incorporation, State or Country Code	V8
Entity Tax Identification Number	98-0518048
Entity Address, Address Line One	Mühlenstrasse 26
Entity Address, City or Town	Schaffhausen
Entity Address, Country	CH
Entity Address, Postal Zip Code	CH-8200
Country Region	+41
City Area Code	(0)52
Local Phone Number	633 66 61
Title of 12(b) Security	Common Shares, Par Value CHF 0.57
Trading Symbol	TEL
Security Exchange Name	NYSE
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		319,838,968
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$ 4,097	$ 3,845	$ 11,922	$ 11,105
Cost of sales	2,769	2,577	8,027	7,481
Gross margin	1,328	1,268	3,895	3,624
Selling, general, and administrative expenses	393	366	1,172	1,128
Research, development, and engineering expenses	179	168	539	504
Acquisition and integration costs	11	9	29	23
Restructuring and other charges, net	26	11	59	195
Operating income	719	714	2,096	1,774
Interest income	3	3	9	14
Interest expense	(18)	(14)	(48)	(42)
Other income, net	4	2	24	5
Income from continuing operations before income taxes	708	705	2,081	1,751
Income tax expense	(116)	(124)	(362)	(290)
Income from continuing operations	592	581	1,719	1,461
Income (loss) from discontinued operations, net of income taxes	2	(1)	1	6
Net income	$ 594	$ 580	$ 1,720	$ 1,467
Basic earnings per share:
Income from continuing operations (in dollars per share)	$ 1.84	$ 1.76	$ 5.31	$ 4.41
Income from discontinued operations (in dollars per share)	0.01			0.02
Net income (in dollars per share)	1.84	1.76	5.31	4.43
Diluted earnings per share:
Income from continuing operations (in dollars per share)	1.83	1.74	5.26	4.39
Income from discontinued operations (in dollars per share)	0.01			0.02
Net income (in dollars per share)	$ 1.83	$ 1.74	$ 5.26	$ 4.41
Weighted-average number of shares outstanding:
Basic (in shares)	322	330	324	331
Diluted (in shares)	324	333	327	333

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 594	$ 580	$ 1,720	$ 1,467
Other comprehensive income (loss):
Currency translation	(225)	40	(216)	172
Adjustments to unrecognized pension and postretirement benefit costs, net of income taxes	4	7	12	19
Gains (losses) on cash flow hedges, net of income taxes	(112)	(15)	(65)	42
Other comprehensive income (loss)	(333)	32	(269)	233
Comprehensive income	261	612	1,451	1,700
Less: comprehensive (income) loss attributable to noncontrolling interests	4	(2)	11	(4)
Comprehensive income attributable to TE Connectivity Ltd.	$ 265	$ 610	$ 1,462	$ 1,696

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 24, 2022	Sep. 24, 2021
Current assets:
Cash and cash equivalents	$ 820	$ 1,203
Accounts receivable, net of allowance for doubtful accounts of $54 and $41, respectively	3,132	2,928
Inventories	3,028	2,511
Prepaid expenses and other current assets	603	621
Total current assets	7,583	7,263
Property, plant, and equipment, net	3,712	3,778
Goodwill	5,352	5,590
Intangible assets, net	1,355	1,549
Deferred income taxes	2,478	2,499
Other assets	868	783
Total assets	21,348	21,462
Current liabilities:
Short-term debt	822	503
Accounts payable	1,917	1,911
Accrued and other current liabilities	2,319	2,242
Total current liabilities	5,058	4,656
Long-term debt	3,380	3,589
Long-term pension and postretirement liabilities	1,094	1,139
Deferred income taxes	186	181
Income taxes	322	302
Other liabilities	771	847
Total liabilities	10,811	10,714
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests	103	114
Shareholders' equity:
Common shares, CHF 0.57 par value, 330,830,781 shares authorized and issued, and 336,099,881 shares authorized and issued, respectively	146	148
Accumulated earnings	12,084	11,709
Treasury shares, at cost, 10,425,219 and 9,060,919 shares, respectively	(1,370)	(1,055)
Accumulated other comprehensive loss	(426)	(168)
Total shareholders' equity	10,434	10,634
Total liabilities, redeemable noncontrolling interests, and shareholders' equity	$ 21,348	$ 21,462

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Millions	Jun. 24, 2022 USD ($) shares	Jun. 24, 2022 SFr / shares	Sep. 24, 2021 USD ($) shares	Sep. 24, 2021 SFr / shares
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowance for doubtful accounts (in dollars) | $	$ 54		$ 41
Common shares, par value (in currency per share) | SFr / shares		SFr 0.57		SFr 0.57
Common shares, shares authorized	330,830,781		336,099,881
Common shares, shares issued	330,830,781		336,099,881
Treasury shares	10,425,219		9,060,919

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Common Shares	Treasury Shares	Contributed Surplus	Accumulated Earnings	Accumulated Other Comprehensive Loss	Total
Balance at Sep. 25, 2020	$ 149	$ (669)		$ 10,348	$ (445)	$ 9,383
Balance (in shares) at Sep. 25, 2020	339	(8)
Increase (Decrease) in Shareholders' Equity:
Net income				1,467		1,467
Other comprehensive income (loss)					229	229
Share-based compensation expense			$ 73			73
Dividends				(658)		(658)
Exercise of share options		$ 130				130
Exercise of share options (in shares)		2
Restricted share award vestings and other activity		$ 90	(73)	(4)		13
Repurchase of common shares		$ (591)				$ (591)
Repurchase of common shares (in shares)		(5)				(5)
Cancellation of treasury shares	$ (1)	$ 262		(261)
Cancellation of treasury shares (in shares)	(3)	3
Balance at Jun. 25, 2021	$ 148	$ (778)		10,892	(216)	$ 10,046
Balance (in shares) at Jun. 25, 2021	336	(8)
Balance at Mar. 26, 2021	$ 149	$ (775)		10,541	(246)	9,669
Balance (in shares) at Mar. 26, 2021	339	(9)
Increase (Decrease) in Shareholders' Equity:
Net income				580		580
Other comprehensive income (loss)					30	30
Share-based compensation expense			24			24
Dividends				3		3
Exercise of share options		$ 11				11
Restricted share award vestings and other activity		6	(24)	29		11
Repurchase of common shares		$ (282)				(282)
Repurchase of common shares (in shares)		(2)
Cancellation of treasury shares	$ (1)	$ 262		(261)
Cancellation of treasury shares (in shares)	(3)	3
Balance at Jun. 25, 2021	$ 148	$ (778)		10,892	(216)	10,046
Balance (in shares) at Jun. 25, 2021	336	(8)
Balance at Sep. 24, 2021	$ 148	$ (1,055)		11,709	(168)	10,634
Balance (in shares) at Sep. 24, 2021	336	(9)
Increase (Decrease) in Shareholders' Equity:
Net income				1,720		1,720
Other comprehensive income (loss)					(258)	(258)
Share-based compensation expense			88			88
Dividends				(717)		(717)
Exercise of share options		$ 34				34
Restricted share award vestings and other activity		$ 14	(88)	79		5
Restricted share award vestings and other activity (in shares)		2
Repurchase of common shares		$ (1,072)				$ (1,072)
Repurchase of common shares (in shares)		(8)				(8)
Cancellation of treasury shares	$ (2)	$ 709		(707)
Cancellation of treasury shares (in shares)	(5)	5
Balance at Jun. 24, 2022	$ 146	$ (1,370)		12,084	(426)	$ 10,434
Balance (in shares) at Jun. 24, 2022	331	(10)
Balance at Mar. 25, 2022	$ 148	$ (1,769)		12,160	(97)	10,442
Balance (in shares) at Mar. 25, 2022	336	(13)
Increase (Decrease) in Shareholders' Equity:
Net income				594		594
Other comprehensive income (loss)					(329)	(329)
Share-based compensation expense			28			28
Dividends				5		5
Exercise of share options		$ 4				4
Restricted share award vestings and other activity		$ 6	$ (28)	32		10
Restricted share award vestings and other activity (in shares)		1
Repurchase of common shares		$ (320)				(320)
Repurchase of common shares (in shares)		(3)
Cancellation of treasury shares	$ (2)	$ 709		(707)
Cancellation of treasury shares (in shares)	(5)	5
Balance at Jun. 24, 2022	$ 146	$ (1,370)		$ 12,084	$ (426)	$ 10,434
Balance (in shares) at Jun. 24, 2022	331	(10)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Jun. 24, 2022	Jun. 25, 2021
Cash flows from operating activities:
Net income	$ 1,720	$ 1,467
Income from discontinued operations, net of income taxes	(1)	(6)
Income from continuing operations	1,719	1,461
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:
Depreciation and amortization	597	590
Deferred income taxes	(18)	(62)
Non-cash lease cost	98	90
Provision for losses on accounts receivable and inventories	79	32
Share-based compensation expense	88	73
Other	(19)	(45)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:
Accounts receivable, net	(108)	(638)
Inventories	(439)	(482)
Prepaid expenses and other current assets	57	(14)
Accounts payable	(48)	646
Accrued and other current liabilities	(316)	110
Income taxes	53	61
Other	(219)	80
Net cash provided by operating activities	1,524	1,902
Cash flows from investing activities:
Capital expenditures	(556)	(454)
Proceeds from sale of property, plant, and equipment	98	85
Acquisition of businesses, net of cash acquired	(116)	(126)
Other	6	(2)
Net cash used in investing activities	(568)	(497)
Cash flows from financing activities:
Net increase in commercial paper	237
Proceeds from issuance of debt	588	661
Repayment of debt	(558)	(706)
Proceeds from exercise of share options	34	130
Repurchase of common shares	(1,086)	(518)
Payment of common share dividends to shareholders	(506)	(483)
Other	(39)	(27)
Net cash used in financing activities	(1,330)	(943)
Effect of currency translation on cash	(9)	9
Net increase (decrease) in cash, cash equivalents, and restricted cash	(383)	471
Cash, cash equivalents, and restricted cash at beginning of period	1,203	945
Cash, cash equivalents, and restricted cash at end of period	$ 820	$ 1,416

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jun. 24, 2022
Basis of Presentation
Basis of Presentation	1. Basis of Presentation The unaudited Condensed Consolidated Financial Statements of TE Connectivity Ltd. (“TE Connectivity” or the “Company,” which may be referred to as “we,” “us,” or “our”) have been prepared in United States (“U.S.”) dollars, in accordance with accounting principles generally accepted in the U.S. (“GAAP”) and the instructions to Form 10-Q under the Securities Exchange Act of 1934. In management’s opinion, the unaudited Condensed Consolidated Financial Statements contain all normal recurring adjustments necessary for a fair presentation of interim results. The results of operations reported for interim periods are not necessarily indicative of the results of operations for the entire fiscal year or any subsequent interim period. The year-end balance sheet data was derived from audited financial statements, but does not include all of the information and disclosures required by GAAP. These financial statements should be read in conjunction with our audited Consolidated Financial Statements contained in our Annual Report on Form 10-K for the fiscal year ended September 24, 2021. Unless otherwise indicated, references in the Condensed Consolidated Financial Statements to fiscal 2022 and fiscal 2021 are to our fiscal years ending September 30, 2022 and ended September 24, 2021, respectively.

Restructuring and Other Charges

Restructuring and Other Charges, Net	9 Months Ended
	Jun. 24, 2022
Restructuring and Other Charges, Net
Restructuring and Other Charges, Net	2. Restructuring and Other Charges, Net Net restructuring and other charges consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Restructuring charges, net ​ $ 26 ​ $ 10 ​ $ 69 ​ $ 170 ​ (Gain) loss on divestitures and impairment of held for sale businesses ​ ​ — ​ ​ — ​ ​ (10) ​ ​ 21 ​ Other charges, net ​ — ​ 1 ​ — ​ 4 ​ Restructuring and other charges, net ​ $ 26 ​ $ 11 ​ $ 59 ​ $ 195 ​ ​ Net restructuring and related charges by segment were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Transportation Solutions ​ $ 9 ​ $ 2 ​ $ 24 ​ $ 130 ​ Industrial Solutions ​ 11 ​ 6 ​ 29 ​ 26 ​ Communications Solutions ​ 6 ​ 2 ​ 16 ​ 14 ​ Restructuring charges, net ​ ​ 26 ​ ​ 10 ​ ​ 69 ​ ​ 170 ​ Plus: charges included in cost of sales (1) ​ ​ 4 ​ ​ — ​ ​ 16 ​ ​ — ​ Restructuring and related charges, net ​ $ 30 ​ $ 10 ​ $ 85 ​ $ 170 ​ (1) Charges included in cost of sales were attributable to inventory-related charges within the Industrial Solutions segment. Activity in our restructuring reserves was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ ​ September 24, ​ ​ ​ ​ Changes in ​ Cash ​ Non-Cash ​ Currency ​ June 24, ​ ​ 2021 Charges Estimate Payments Items Translation 2022 ​ ​ (in millions) ​ Fiscal 2022 Actions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee severance ​ $ — ​ $ 57 ​ $ — ​ $ (4) ​ $ — ​ $ — ​ $ 53 ​ Property, plant, and equipment and other non-cash charges ​ ​ — ​ ​ 27 ​ ​ — ​ ​ — ​ ​ (27) ​ ​ — ​ ​ — ​ Total ​ ​ — ​ ​ 84 ​ ​ — ​ ​ (4) ​ ​ (27) ​ ​ — ​ ​ 53 ​ Fiscal 2021 Actions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee severance ​ ​ 152 ​ ​ 2 ​ ​ (4) ​ ​ (73) ​ ​ — ​ ​ (10) ​ ​ 67 ​ Facility and other exit costs ​ ​ 2 ​ ​ 3 ​ ​ — ​ ​ (4) ​ ​ — ​ ​ — ​ ​ 1 ​ Property, plant, and equipment ​ ​ — ​ ​ 2 ​ ​ — ​ ​ — ​ ​ (2) ​ ​ — ​ ​ — ​ Total ​ ​ 154 ​ ​ 7 ​ ​ (4) ​ ​ (77) ​ ​ (2) ​ ​ (10) ​ ​ 68 ​ Pre-Fiscal 2021 Actions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee severance ​ ​ 135 ​ ​ — ​ ​ (7) ​ ​ (34) ​ ​ — ​ ​ (10) ​ ​ 84 ​ Facility and other exit costs ​ ​ 15 ​ ​ 8 ​ ​ (4) ​ ​ (11) ​ ​ — ​ ​ — ​ ​ 8 ​ Property, plant, and equipment ​ ​ — ​ ​ 4 ​ ​ (3) ​ ​ — ​ ​ (1) ​ ​ — ​ ​ — ​ Total ​ ​ 150 ​ ​ 12 ​ ​ (14) ​ ​ (45) ​ ​ (1) ​ ​ (10) ​ ​ 92 ​ Total Activity ​ $ 304 ​ $ 103 ​ $ (18) ​ $ (126) ​ $ (30) ​ $ (20) ​ $ 213 ​ ​ Fiscal 2022 Actions During fiscal 2022, we initiated a restructuring program associated with footprint consolidation and cost structure improvements across all segments. During the nine months ended June 24, 2022, we recorded restructuring and related charges of $84 million in connection with this program. We expect to complete all restructuring actions commenced during the nine months ended June 24, 2022 by the end of fiscal 2024 and to incur additional charges of approximately $16 million. The following table summarizes expected, incurred, and remaining charges for the fiscal 2022 program by segment as of June 24, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ Cumulative ​ Remaining ​ ​ ​ Expected ​ Charges ​ Expected ​ ​ Charges Incurred Charges ​ ​ (in millions) ​ Transportation Solutions ​ $ 28 ​ $ 24 ​ $ 4 ​ Industrial Solutions ​ 47 ​ 45 ​ 2 ​ Communications Solutions ​ 25 ​ 15 ​ 10 ​ Total ​ $ 100 ​ $ 84 ​ $ 16 ​ ​ Fiscal 2021 Actions During fiscal 2021, we initiated a restructuring program across all segments to optimize our manufacturing footprint and improve the cost structure of the organization. In connection with this program, during the nine months ended June 24, 2022 and June 25, 2021, we recorded net restructuring charges of $3 million and $162 million, respectively. We expect additional charges related to fiscal 2021 actions to be insignificant. The following table summarizes charges incurred for the fiscal 2021 program by segment as of June 24, 2022: ​ ​ ​ ​ ​ ​ ​ Cumulative ​ ​ ​ Charges ​ ​ Incurred ​ ​ (in millions) ​ Transportation Solutions ​ $ 125 ​ Industrial Solutions ​ 49 ​ Communications Solutions ​ 24 ​ Total ​ $ 198 ​ ​ Pre-Fiscal 2021 Actions During the nine months ended June 24, 2022 and June 25, 2021, we recorded net restructuring credits of $2 million and charges of $8 million, respectively, related to pre-fiscal 2021 actions. We expect additional charges related to pre-fiscal 2021 actions to be insignificant. Total Restructuring Reserves Restructuring reserves included on the Condensed Consolidated Balance Sheets were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 24, ​ September 24, ​ ​ 2022 2021 ​ ​ (in millions) ​ Accrued and other current liabilities ​ $ 160 ​ $ 236 ​ Other liabilities ​ 53 ​ 68 ​ Restructuring reserves ​ $ 213 ​ $ 304 ​ ​

Acquisitions

Acquisitions	9 Months Ended
	Jun. 24, 2022
Acquisitions
Acquisitions	3. Acquisitions During the nine months ended June 24, 2022, we acquired two businesses for a combined cash purchase price of $141 million, net of cash acquired. The acquisitions were reported as part of our Communications Solutions segment from the date of acquisition. We acquired two businesses for a combined cash purchase price of $125 million, net of cash acquired, during the nine months ended June 25, 2021. The acquisitions were reported as part of our Industrial Solutions segment from the date of acquisition.

Inventories

Inventories	9 Months Ended
	Jun. 24, 2022
Inventories
Inventories	4. Inventories Inventories consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 24, ​ September 24, ​ ​ 2022 2021 ​ ​ (in millions) ​ Raw materials ​ $ 419 ​ $ 320 ​ Work in progress ​ 1,190 ​ 991 ​ Finished goods ​ 1,419 ​ 1,200 ​ Inventories ​ $ 3,028 ​ $ 2,511 ​ ​

Goodwill

Goodwill	9 Months Ended
	Jun. 24, 2022
Goodwill
Goodwill	5. Goodwill The changes in the carrying amount of goodwill by segment were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Industrial Communications ​ ​ ​ ​ Solutions ​ Solutions ​ Solutions ​ Total ​ ​ ​ (in millions) ​ September 24, 2021 (1) ​ $ 1,549 ​ $ 3,446 ​ $ 595 ​ $ 5,590 ​ Acquisitions ​ ​ — ​ ​ — ​ ​ 82 ​ ​ 82 ​ Purchase price adjustments ​ ​ — ​ ​ (101) ​ ​ — ​ ​ (101) ​ Currency translation and other ​ (64) ​ (130) ​ (25) ​ (219) ​ June 24, 2022 (1) ​ $ 1,485 ​ $ 3,215 ​ $ 652 ​ $ 5,352 ​ (1) At June 24, 2022 and September 24, 2021, accumulated impairment losses for the Transportation Solutions, Industrial Solutions, and Communications Solutions segments were $3,091 million, $669 million, and $489 million, respectively. During the nine months ended June 24, 2022, we recognized goodwill in the Communications Solutions segment in connection with recent acquisitions. Also during the nine months ended June 24, 2022, we recognized purchase price adjustments in the Industrial Solutions segment in connection with prior year acquisitions, including two acquisitions that closed late in the fourth quarter of fiscal 2021. See Note 3 for additional information regarding acquisitions.

Intangible Assets, Net

Intangible Assets, Net	9 Months Ended
	Jun. 24, 2022
Intangible Assets, Net
Intangible Assets, Net	6. Intangible Assets, Net Intangible assets consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 24, 2022 ​ September 24, 2021 ​ ​ Gross ​ ​ Net Gross ​ ​ Net ​ ​ ​ Carrying ​ Accumulated ​ Carrying ​ Carrying ​ Accumulated ​ Carrying ​ ​ ​ Amount ​ Amortization ​ Amount ​ Amount ​ Amortization ​ Amount ​ ​ (in millions) ​ Customer relationships ​ $ 1,687 ​ $ (700) ​ $ 987 ​ $ 1,766 ​ $ (660) ​ $ 1,106 ​ Intellectual property ​ ​ 1,216 ​ ​ (860) ​ ​ 356 ​ ​ 1,262 ​ ​ (832) ​ ​ 430 ​ Other ​ 18 ​ (6) ​ 12 ​ 19 ​ (6) ​ 13 ​ Total ​ $ 2,921 ​ $ (1,566) ​ $ 1,355 ​ $ 3,047 ​ $ (1,498) ​ $ 1,549 ​ ​ Intangible asset amortization expense was $48 million for both the quarters ended June 24, 2022 and June 25, 2021, and $145 million and $144 million for the nine months ended June 24, 2022 and June 25, 2021, respectively. At June 24, 2022, the aggregate amortization expense on intangible assets is expected to be as follows: ​ ​ ​ ​ ​ ​ (in millions) Remainder of fiscal 2022 ​ $ 48 ​ Fiscal 2023 ​ ​ 191 ​ Fiscal 2024 ​ 161 ​ Fiscal 2025 ​ 146 ​ Fiscal 2026 ​ 139 ​ Fiscal 2027 ​ 120 ​ Thereafter ​ 550 ​ Total ​ $ 1,355 ​ ​

Debt

Debt	9 Months Ended
	Jun. 24, 2022
Debt
Debt	7. Debt During the nine months ended June 24, 2022, Tyco Electronics Group S.A. (“TEGSA”), our wholly-owned subsidiary, issued $600 million aggregate principal amount of 2.50% senior notes due in February 2032. The notes are TEGSA’s unsecured senior obligations and rank equally in right of payment with all existing and any future senior indebtedness of TEGSA and senior to any subordinated indebtedness that TEGSA may incur. The notes are fully and unconditionally guaranteed as to payment on an unsecured basis by TE Connectivity Ltd. During the nine months ended June 24, 2022, we reclassified €550 million of 1.10% senior notes due in March 2023 from long-term debt to short-term During the nine months ended June 24, 2022, TEGSA completed an early redemption of $500 million aggregate principal amount of 3.50% senior notes due in February 2022. As of June 24, 2022, TEGSA had $237 million of commercial paper outstanding at a weighted-average interest rate of 1.92%. TEGSA had no commercial paper outstanding at September 24, 2021. The fair value of our debt, based on indicative valuations, was approximately $4,134 million and $4,465 million at June 24, 2022 and September 24, 2021, respectively.

Leases

Leases	9 Months Ended
	Jun. 24, 2022
Leases
Leases	8. Leases The components of lease cost were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ (in millions) Operating lease cost ​ $ 34 ​ $ 31 ​ $ 98 ​ $ 90 ​ Variable lease cost ​ ​ 15 ​ ​ 13 ​ ​ 40 ​ ​ 37 ​ Total lease cost ​ $ 49 ​ $ 44 ​ $ 138 ​ $ 127 ​ ​ Cash flow information, including significant non-cash transactions, related to leases was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ ​ ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ ​ 2022 2021 ​ (in millions) Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ Payments for operating leases (1) ​ $ 92 ​ $ 90 ​ ​ ​ ​ ​ ​ ​ ​ ​ Right-of-use assets, including modifications of existing leases, obtained in exchange for operating lease liabilities ​ ​ 102 ​ ​ 65 ​ (1) These payments are included in cash flows from operating activities, primarily in changes in accrued and other current liabilities.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jun. 24, 2022
Commitments and Contingencies
Commitments and Contingencies	9. Commitments and Contingencies Legal Proceedings In the normal course of business, we are subject to various legal proceedings and claims, including patent infringement claims, product liability matters, employment disputes, disputes on agreements, other commercial disputes, environmental matters, antitrust claims, and tax matters, including non-income tax matters such as value added tax, sales and use tax, real estate tax, and transfer tax. Although it is not feasible to predict the outcome of these proceedings, based upon our experience, current information, and applicable law, we do not expect that the outcome of these proceedings, either individually or in the aggregate, will have a material effect on our results of operations, financial position, or cash flows. Trade Compliance Matters We are investigating our past compliance with relevant U.S. trade controls and have made voluntary disclosures of apparent trade controls violations to the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) and the U.S. State Department’s Directorate of Defense Trade Controls (“DDTC”). We are cooperating with the BIS and DDTC on these matters, and both our internal assessment and the resulting investigations by the agencies remain ongoing. We are unable to predict the timing and final outcome of the agencies’ investigations. An unfavorable outcome may include fines or penalties imposed in response to our disclosures, but we are not yet able to reasonably estimate the extent of any such fines or penalties. While we have reserved for potential fines and penalties relating to these matters based on our current understanding of the facts, the investigations into these matters have yet to be completed and the final outcome of such investigations and related fines and penalties may differ from amounts currently reserved. Environmental Matters We are involved in various stages of investigation and cleanup related to environmental remediation matters at a number of sites. The ultimate cost of site cleanup is difficult to predict given the uncertainties regarding the extent of the required cleanup, the interpretation of applicable laws and regulations, and alternative cleanup methods. As of June 24, 2022, we concluded that we would incur investigation and remediation costs at these sites in the reasonably possible range of $17 million to $45 million, and we accrued $20 million as the probable loss, which was the best estimate within this range. We believe that any potential payment of such estimated amounts will not have a material adverse effect on our results of operations, financial position, or cash flows. Guarantees In disposing of assets or businesses, we often provide representations, warranties, and/or indemnities to cover various risks including unknown damage to assets, environmental risks involved in the sale of real estate, liability for investigation and remediation of environmental contamination at waste disposal sites and manufacturing facilities, and unidentified tax liabilities and legal fees related to periods prior to disposition. We do not expect that these uncertainties will have a material adverse effect on our results of operations, financial position, or cash flows. At June 24, 2022, we had outstanding letters of credit, letters of guarantee, and surety bonds of $134 million, excluding those related to our Subsea Communications (“SubCom”) business which are discussed below. During fiscal 2019, we sold our SubCom business. In connection with the sale, we contractually agreed to continue to honor performance guarantees and letters of credit related to the SubCom business’ projects that existed as of the date of sale. These performance guarantees and letters of credit had a combined value of approximately $116 million as of June 24, 2022 and are expected to expire at various dates through fiscal 2027. We have contractual recourse against the SubCom business if we are required to perform on any SubCom guarantees; however, based on historical experience, we do not anticipate having to perform.

Financial Instruments

Financial Instruments	9 Months Ended
	Jun. 24, 2022
Financial Instruments
Financial Instruments	10. Financial Instruments Foreign Currency Exchange Rate Risk We utilize cross-currency swap contracts to reduce our exposure to foreign currency exchange rate risk associated with certain intercompany loans. The aggregate notional value of these contracts was €200 million and €700 million at June 24, 2022 and September 24, 2021, respectively. Certain contracts were terminated during the nine months ended June 24, 2022; the remaining contracts mature in the fourth quarter of fiscal 2022. Under the terms of these contracts, which have been designated as cash flow hedges, we make interest payments in euros at 3.50% per annum and receive interest in U.S. dollars at a weighted-average rate of 5.26% per annum. Upon maturity, we will pay the notional value of the contracts in euros and receive U.S. dollars from our counterparties. In connection with the cross-currency swap contracts, both counterparties to each contract are required to provide cash collateral. These cross-currency swap contracts were recorded on the Condensed Consolidated Balance Sheets as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 24, ​ September 24, ​ ​ 2022 2021 ​ ​ (in millions) ​ Prepaid expenses and other current assets ​ $ 18 ​ $ — ​ Other liabilities ​ — ​ 20 ​ ​ At June 24, 2022 and September 24, 2021, collateral received from or paid to our counterparties approximated the net derivative position. Collateral is recorded in accrued and other current liabilities when the contracts are in a net asset position, or prepaid expenses and other current assets when the contracts are in a net liability position on the Condensed Consolidated Balance Sheets. The impacts of these cross-currency swap contracts were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Losses recorded in other comprehensive income (loss) ​ $ (1) ​ $ (1) ​ $ (6) $ (5) ​ Gains (losses) excluded from the hedging relationship (1) ​ 13 ​ (11) ​ 52 ​ (23) ​ (1) Gains and losses excluded from the hedging relationship are recognized prospectively in selling, general, and administrative expenses and are offset by losses and gains generated as a result of re-measuring certain intercompany loans to the U.S. dollar. Hedge of Net Investment We hedge our net investment in certain foreign operations using intercompany loans and external borrowings denominated in the same currencies. The aggregate notional value of these hedges was $2,203 million and $3,798 million at June 24, 2022 and September 24, 2021, respectively. We also use a cross-currency swap program to hedge our net investment in certain foreign operations. The aggregate notional value of the contracts under this program was $1,767 million and $1,430 million at June 24, 2022 and September 24, 2021, respectively. Under the terms of these contracts, we receive interest in U.S. dollars at a weighted-average rate of 1.51% per annum and pay no interest. Upon the maturity of these contracts at various dates through fiscal 2026, we will pay the notional value of the contracts in the designated foreign currency and receive U.S. dollars from our counterparties. We are not required to provide collateral for these contracts. These cross-currency swap contracts were recorded on the Condensed Consolidated Balance Sheets as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 24, ​ September 24, ​ ​ 2022 2021 ​ ​ (in millions) ​ Prepaid expenses and other current assets ​ $ 28 ​ $ 3 ​ Other assets ​ 97 ​ 18 ​ Accrued and other current liabilities ​ ​ — ​ ​ 13 ​ Other liabilities ​ ​ — ​ ​ 18 ​ ​ The impacts of our hedge of net investment programs were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Foreign currency exchange gains (losses) on intercompany loans and external borrowings (1) ​ $ 156 ​ $ (46) ​ $ 344 ​ $ (81) ​ Gains (losses) on cross-currency swap contracts designated as hedges of net investment (1) ​ 78 ​ (14) ​ 148 ​ (41) ​ (1) Recorded as currency translation, a component of accumulated other comprehensive income (loss), and offset by changes attributable to the translation of the net investment. Interest Rate Risk Management We may utilize forward starting interest rate swap contracts to manage interest rate exposure in periods prior to the anticipated issuance of fixed rate debt. During the nine months ended June 24, 2022, we terminated forward starting interest rate swap contracts with an aggregate notional value of $450 million as a result of the issuance of our 2.50% senior notes due in 2032. At fiscal year end 2021, these forward starting interest rate swap contracts were recorded on the Condensed Consolidated Balance Sheet as follows; there were no such balances at June 24, 2022: ​ ​ ​ ​ ​ ​ ​ ​ September 24, ​ ​ 2021 ​ ​ (in millions) ​ Prepaid expenses and other current assets ​ $ 7 ​ Accrued and other current liabilities ​ ​ 38 ​ ​ The impacts of these forward starting interest rate swap contracts were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Gains (losses) recorded in other comprehensive income (loss) ​ $ — ​ $ (11) ​ $ 13 $ 36 ​ ​ Commodity Hedges As part of managing the exposure to certain commodity price fluctuations, we utilize commodity swap contracts. The objective of these contracts is to minimize impacts to cash flows and profitability due to changes in prices of commodities used in production. These contracts had an aggregate notional value of $605 million and $512 million at June 24, 2022 and September 24, 2021, respectively, and were designated as cash flow hedges. These commodity swap contracts were recorded on the Condensed Consolidated Balance Sheets as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 24, ​ September 24, ​ ​ 2022 2021 ​ ​ (in millions) ​ Prepaid expenses and other current assets ​ $ 2 ​ $ 23 ​ Accrued and other current liabilities ​ ​ 57 ​ ​ 18 ​ Other liabilities ​ ​ 10 ​ ​ 4 ​ ​ The impacts of these commodity swap contracts were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Gains (losses) recorded in other comprehensive income (loss) ​ $ (106) ​ $ 24 ​ $ (45) $ 78 ​ Gains reclassified from accumulated other comprehensive income (loss) into cost of sales ​ ​ 15 ​ ​ 27 ​ ​ 35 ​ ​ 66 ​ ​ We expect that significantly all of the balance in accumulated other comprehensive income (loss) associated with commodity hedges will be reclassified into the Condensed Consolidated Statement of Operations within the next twelve months.

Retirement Plans

Retirement Plans	9 Months Ended
	Jun. 24, 2022
Retirement Plans
Retirement Plans	11. Retirement Plans The net periodic pension benefit cost (credit) for all non-U.S. and U.S. defined benefit pension plans was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. Plans ​ U.S. Plans ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Quarters Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Operating expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 11 ​ $ 10 ​ $ 2 ​ $ 3 ​ Other (income) expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 8 ​ 7 ​ 7 ​ 7 ​ Expected return on plan assets ​ (15) ​ (13) ​ (11) ​ (13) ​ Amortization of net actuarial loss ​ 6 ​ 8 ​ — ​ 3 ​ Amortization of prior service credit ​ (1) ​ (3) ​ — ​ — ​ Net periodic pension benefit cost (credit) ​ $ 9 ​ $ 9 ​ $ (2) ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. Plans ​ U.S. Plans ​ ​ ​ For the ​ For the ​ ​ ​ Nine Months Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Operating expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 31 ​ $ 34 ​ $ 6 ​ $ 9 ​ Other (income) expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 25 ​ 21 ​ 20 ​ 23 ​ Expected return on plan assets ​ (44) ​ (40) ​ (35) ​ (39) ​ Amortization of net actuarial loss ​ 19 ​ 23 ​ 2 ​ 7 ​ Amortization of prior service credit ​ (4) ​ (6) ​ — ​ — ​ Net periodic pension benefit cost (credit) ​ $ 27 ​ $ 32 ​ $ (7) ​ $ — ​ ​ During the nine months ended June 24, 2022, we contributed $29 million to our non-U.S. pension plans.

Income Taxes

Income Taxes	9 Months Ended
	Jun. 24, 2022
Income Taxes
Income Taxes	12. Income Taxes We recorded income tax expense of $116 million and $124 million for the quarters ended June 24, 2022 and June 25, 2021, respectively. The income tax expense for the quarter ended June 24, 2022 included a $21 million income tax benefit related to the tax impacts of an intercompany transaction. Our estimated annual effective tax rate for fiscal 2022 includes a total income tax benefit of approximately $75 million related to this transaction, with a portion recognized in the nine months ended June 24, 2022 and the remainder to be recognized in the fourth quarter of fiscal 2022. We recorded income tax expense of $362 million and $290 million for the nine months ended June 24, 2022 and June 25, 2021, respectively. The income tax expense for the nine months ended June 24, 2022 included a $57 million income tax benefit related to the tax impacts of the intercompany transaction discussed above and $27 million of income tax expense related to the write-down of certain deferred tax assets to the lower corporate tax rate enacted in the canton of Schaffhausen. In addition, the income tax expense for the nine months ended June 24, 2022 included $12 million of income tax expense related to an income tax audit of an acquired entity. As we are entitled to indemnification of pre-acquisition period tax obligations under the terms of the purchase agreement, we recorded an associated indemnification receivable and other income of $11 million during the nine months ended June 24, 2022. The income tax expense for the nine months ended June 25, 2021 included a $29 million income tax benefit related to an Internal Revenue Service approved change in the tax method of depreciating or amortizing certain assets During the nine months ended June 24, 2022, we completed additional intercompany transactions that resulted in a non-U.S. subsidiary recording an increase in deferred tax assets for tax loss and credit carryforwards of approximately $4.0 billion. We do not expect this subsidiary to generate sufficient future taxable income to realize these deferred tax assets; therefore, we recognized a corresponding increase to the valuation Although it is difficult to predict the timing or results of our worldwide examinations, we estimate that, as of June 24, 2022, approximately $100 million of unrecognized income tax benefits, excluding the impact relating to accrued interest and penalties, could be resolved within the next twelve months. We are not aware of any other matters that would result in significant changes to the amount of unrecognized income tax benefits reflected on the Condensed Consolidated Balance Sheet as of June 24, 2022.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jun. 24, 2022
Earnings Per Share
Earnings Per Share	13. Earnings Per Share The weighted-average number of shares outstanding used in the computations of basic and diluted earnings per share were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Basic ​ 322 ​ 330 ​ 324 ​ 331 ​ Dilutive impact of share-based compensation arrangements ​ 2 ​ 3 ​ 3 ​ 2 ​ Diluted ​ 324 ​ 333 ​ 327 ​ 333 ​ ​ For both the quarter and nine months ended June 24, 2022, one million share options were not included in the computation of diluted earnings per share because the instruments’ underlying exercise prices were greater than the average market prices of our common shares and inclusion would be antidilutive.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Jun. 24, 2022
Shareholders' Equity
Shareholder' Equity	14. Shareholders’ Equity Common Shares Held in Treasury In March 2022, our shareholders approved the cancellation of approximately five million shares purchased under our share repurchase program during the period beginning September 26, 2020 and ending September 24, 2021. The capital reduction by cancellation of these shares was subject to a notice period and filing with the commercial register in Switzerland and became effective in May 2022. Dividends We paid cash dividends to shareholders as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ Quarters Ended ​ Nine Months Ended ​ June 24, June 25, June 24, June 25, ​ 2022 2021 2022 2021 Dividends paid per common share ​ $ 0.56 ​ $ 0.50 ​ $ 1.56 ​ $ 1.46 ​ ​ In March 2022, our shareholders approved a dividend payment to shareholders of $2.24 per share, payable in four equal quarterly installments of $0.56 per share beginning in the third quarter of fiscal 2022 and ending in the second quarter of fiscal 2023. Upon shareholders’ approval of a dividend payment, we record a liability with a corresponding charge to shareholders’ equity. At June 24, 2022 and September 24, 2021, the unpaid portion of the dividends recorded in accrued and other current liabilities on the Condensed Consolidated Balance Sheets totaled $538 million and $327 million, respectively. Share Repurchase Program During the quarter ended June 24, 2022, our board of directors authorized an increase of $1.5 billion in our share repurchase program. Common shares repurchased under the share repurchase program were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ ​ ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ ​ 2022 2021 ​ ​ (in millions) ​ Number of common shares repurchased ​ 8 ​ 5 ​ Repurchase value $ 1,072 $ 591 ​ ​ At June 24, 2022, we had $2.0 billion of availability remaining under our share repurchase authorization.

Share Plans

Share Plans	9 Months Ended
	Jun. 24, 2022
Share Plans
Share Plans	15. Share Plans Share-based compensation expense, which was included in selling, general, and administrative expenses on the Condensed Consolidated Statements of Operations, was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Share-based compensation expense $ 28 $ 24 ​ $ 88 $ 73 ​ ​ As of June 24, 2022, there was $160 million of unrecognized compensation expense related to share-based awards, which is expected to be recognized over a weighted-average period of 1.8 years. During the quarter ended December 24, 2021, we granted the following share-based awards as part of our annual incentive plan grant: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grant-Date ​ ​ Shares Fair Value ​ ​ (in millions) ​ ​ ​ ​ Share options ​ 0.8 ​ $ 37.67 ​ Restricted share awards ​ 0.3 ​ 158.00 ​ Performance share awards ​ 0.1 ​ ​ 158.00 ​ ​ As of June 24, 2022, we had 11 million shares available for issuance under the TE Connectivity Ltd. 2007 Stock and Incentive Plan, amended and restated as of September 17, 2020. Share-Based Compensation Assumptions The assumptions we used in the Black-Scholes-Merton option pricing model for the options granted as part of our annual incentive plan grant were as follows: ​ ​ ​ ​ ​ ​ Expected share price volatility 29 % Risk-free interest rate ​ 1.1 % ​ Expected annual dividend per share ​ $ 2.00 ​ ​ Expected life of options (in years) ​ 5.1 ​ ​ ​

Segment and Geographic Data

Segment and Geographic Data	9 Months Ended
	Jun. 24, 2022
Segment and Geographic Data
Segment and Geographic Data	16. Segment and Geographic Data Net sales by segment (1) (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Transportation Solutions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Automotive ​ $ 1,629 ​ $ 1,600 ​ $ 4,802 ​ $ 4,859 ​ Commercial transportation ​ 400 ​ 382 ​ 1,159 ​ 1,095 ​ Sensors ​ 271 ​ 283 ​ 811 ​ 822 ​ Total Transportation Solutions ​ ​ 2,300 ​ ​ 2,265 ​ ​ 6,772 ​ ​ 6,776 ​ Industrial Solutions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial equipment ​ ​ 479 ​ ​ 377 ​ ​ 1,413 ​ ​ 1,011 ​ Aerospace, defense, oil, and gas ​ 271 ​ 260 ​ 774 ​ 777 ​ Energy ​ 207 ​ 187 ​ 579 ​ 544 ​ Medical ​ ​ 177 ​ ​ 178 ​ ​ 502 ​ ​ 495 ​ Total Industrial Solutions ​ ​ 1,134 ​ ​ 1,002 ​ ​ 3,268 ​ ​ 2,827 ​ Communications Solutions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Data and devices ​ ​ 417 ​ ​ 329 ​ ​ 1,151 ​ ​ 841 ​ Appliances ​ 246 ​ 249 ​ 731 ​ 661 ​ Total Communications Solutions ​ ​ 663 ​ ​ 578 ​ ​ 1,882 ​ ​ 1,502 ​ Total ​ $ 4,097 ​ $ 3,845 ​ $ 11,922 ​ $ 11,105 ​ (1) Intersegment sales were not material. (2) Industry end market information is presented consistently with our internal management reporting and may be revised periodically as management deems necessary. Net sales by geographic region (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Europe/Middle East/Africa (“EMEA”): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Solutions ​ $ 894 ​ $ 913 ​ $ 2,564 ​ $ 2,729 ​ Industrial Solutions ​ 470 ​ 417 ​ 1,368 ​ 1,168 ​ Communications Solutions ​ 84 ​ 83 ​ 263 ​ 222 ​ Total EMEA ​ 1,448 ​ 1,413 ​ 4,195 ​ 4,119 ​ Asia–Pacific: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Solutions ​ 825 ​ 868 ​ 2,636 ​ 2,619 ​ Industrial Solutions ​ 205 ​ 183 ​ 611 ​ 517 ​ Communications Solutions ​ ​ 372 ​ ​ 333 ​ ​ 1,036 ​ ​ 877 ​ Total Asia–Pacific ​ 1,402 ​ 1,384 ​ 4,283 ​ 4,013 ​ Americas: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Solutions ​ ​ 581 ​ ​ 484 ​ ​ 1,572 ​ ​ 1,428 ​ Industrial Solutions ​ 459 ​ 402 ​ 1,289 ​ 1,142 ​ Communications Solutions ​ ​ 207 ​ ​ 162 ​ ​ 583 ​ ​ 403 ​ Total Americas ​ 1,247 ​ 1,048 ​ 3,444 ​ 2,973 ​ Total ​ $ 4,097 ​ $ 3,845 ​ $ 11,922 ​ $ 11,105 ​ (1) Net sales to external customers are attributed to individual countries based on the legal entity that records the sale. Operating income by segment was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Transportation Solutions ​ $ 383 ​ $ 433 ​ $ 1,187 ​ $ 1,139 ​ Industrial Solutions ​ ​ 169 ​ ​ 148 ​ ​ 440 ​ ​ 335 ​ Communications Solutions ​ ​ 167 ​ ​ 133 ​ ​ 469 ​ ​ 300 ​ Total ​ $ 719 ​ $ 714 ​ $ 2,096 ​ $ 1,774 ​ ​

Restructuring and Other Charg_2

Restructuring and Other Charges, Net (Tables)	9 Months Ended
	Jun. 24, 2022
Restructuring and Other Charges, Net
Schedule of net restructuring and other charges	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Restructuring charges, net ​ $ 26 ​ $ 10 ​ $ 69 ​ $ 170 ​ (Gain) loss on divestitures and impairment of held for sale businesses ​ ​ — ​ ​ — ​ ​ (10) ​ ​ 21 ​ Other charges, net ​ — ​ 1 ​ — ​ 4 ​ Restructuring and other charges, net ​ $ 26 ​ $ 11 ​ $ 59 ​ $ 195 ​
Net restructuring and related charges by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Transportation Solutions ​ $ 9 ​ $ 2 ​ $ 24 ​ $ 130 ​ Industrial Solutions ​ 11 ​ 6 ​ 29 ​ 26 ​ Communications Solutions ​ 6 ​ 2 ​ 16 ​ 14 ​ Restructuring charges, net ​ ​ 26 ​ ​ 10 ​ ​ 69 ​ ​ 170 ​ Plus: charges included in cost of sales (1) ​ ​ 4 ​ ​ — ​ ​ 16 ​ ​ — ​ Restructuring and related charges, net ​ $ 30 ​ $ 10 ​ $ 85 ​ $ 170 ​ (1) Charges included in cost of sales were attributable to inventory-related charges within the Industrial Solutions segment.
Summary of activity in restructuring reserves	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ ​ September 24, ​ ​ ​ ​ Changes in ​ Cash ​ Non-Cash ​ Currency ​ June 24, ​ ​ 2021 Charges Estimate Payments Items Translation 2022 ​ ​ (in millions) ​ Fiscal 2022 Actions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee severance ​ $ — ​ $ 57 ​ $ — ​ $ (4) ​ $ — ​ $ — ​ $ 53 ​ Property, plant, and equipment and other non-cash charges ​ ​ — ​ ​ 27 ​ ​ — ​ ​ — ​ ​ (27) ​ ​ — ​ ​ — ​ Total ​ ​ — ​ ​ 84 ​ ​ — ​ ​ (4) ​ ​ (27) ​ ​ — ​ ​ 53 ​ Fiscal 2021 Actions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee severance ​ ​ 152 ​ ​ 2 ​ ​ (4) ​ ​ (73) ​ ​ — ​ ​ (10) ​ ​ 67 ​ Facility and other exit costs ​ ​ 2 ​ ​ 3 ​ ​ — ​ ​ (4) ​ ​ — ​ ​ — ​ ​ 1 ​ Property, plant, and equipment ​ ​ — ​ ​ 2 ​ ​ — ​ ​ — ​ ​ (2) ​ ​ — ​ ​ — ​ Total ​ ​ 154 ​ ​ 7 ​ ​ (4) ​ ​ (77) ​ ​ (2) ​ ​ (10) ​ ​ 68 ​ Pre-Fiscal 2021 Actions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee severance ​ ​ 135 ​ ​ — ​ ​ (7) ​ ​ (34) ​ ​ — ​ ​ (10) ​ ​ 84 ​ Facility and other exit costs ​ ​ 15 ​ ​ 8 ​ ​ (4) ​ ​ (11) ​ ​ — ​ ​ — ​ ​ 8 ​ Property, plant, and equipment ​ ​ — ​ ​ 4 ​ ​ (3) ​ ​ — ​ ​ (1) ​ ​ — ​ ​ — ​ Total ​ ​ 150 ​ ​ 12 ​ ​ (14) ​ ​ (45) ​ ​ (1) ​ ​ (10) ​ ​ 92 ​ Total Activity ​ $ 304 ​ $ 103 ​ $ (18) ​ $ (126) ​ $ (30) ​ $ (20) ​ $ 213 ​
Restructuring reserves included on Consolidated Balance Sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 24, ​ September 24, ​ ​ 2022 2021 ​ ​ (in millions) ​ Accrued and other current liabilities ​ $ 160 ​ $ 236 ​ Other liabilities ​ 53 ​ 68 ​ Restructuring reserves ​ $ 213 ​ $ 304 ​
Fiscal 2022 Actions
Restructuring and Other Charges, Net
Schedule of expected, incurred and remaining charges by segment	The following table summarizes expected, incurred, and remaining charges for the fiscal 2022 program by segment as of June 24, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ Cumulative ​ Remaining ​ ​ ​ Expected ​ Charges ​ Expected ​ ​ Charges Incurred Charges ​ ​ (in millions) ​ Transportation Solutions ​ $ 28 ​ $ 24 ​ $ 4 ​ Industrial Solutions ​ 47 ​ 45 ​ 2 ​ Communications Solutions ​ 25 ​ 15 ​ 10 ​ Total ​ $ 100 ​ $ 84 ​ $ 16 ​
Fiscal 2021 Actions
Restructuring and Other Charges, Net
Schedule of expected, incurred and remaining charges by segment	The following table summarizes charges incurred for the fiscal 2021 program by segment as of June 24, 2022: ​ ​ ​ ​ ​ ​ ​ Cumulative ​ ​ ​ Charges ​ ​ Incurred ​ ​ (in millions) ​ Transportation Solutions ​ $ 125 ​ Industrial Solutions ​ 49 ​ Communications Solutions ​ 24 ​ Total ​ $ 198 ​

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jun. 24, 2022
Inventories
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 24, ​ September 24, ​ ​ 2022 2021 ​ ​ (in millions) ​ Raw materials ​ $ 419 ​ $ 320 ​ Work in progress ​ 1,190 ​ 991 ​ Finished goods ​ 1,419 ​ 1,200 ​ Inventories ​ $ 3,028 ​ $ 2,511 ​

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Jun. 24, 2022
Goodwill
Changes in the carrying amount of goodwill by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Industrial Communications ​ ​ ​ ​ Solutions ​ Solutions ​ Solutions ​ Total ​ ​ ​ (in millions) ​ September 24, 2021 (1) ​ $ 1,549 ​ $ 3,446 ​ $ 595 ​ $ 5,590 ​ Acquisitions ​ ​ — ​ ​ — ​ ​ 82 ​ ​ 82 ​ Purchase price adjustments ​ ​ — ​ ​ (101) ​ ​ — ​ ​ (101) ​ Currency translation and other ​ (64) ​ (130) ​ (25) ​ (219) ​ June 24, 2022 (1) ​ $ 1,485 ​ $ 3,215 ​ $ 652 ​ $ 5,352 ​ (1) At June 24, 2022 and September 24, 2021, accumulated impairment losses for the Transportation Solutions, Industrial Solutions, and Communications Solutions segments were $3,091 million, $669 million, and $489 million, respectively.

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	9 Months Ended
	Jun. 24, 2022
Intangible Assets, Net
Schedule of finite-lived intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 24, 2022 ​ September 24, 2021 ​ ​ Gross ​ ​ Net Gross ​ ​ Net ​ ​ ​ Carrying ​ Accumulated ​ Carrying ​ Carrying ​ Accumulated ​ Carrying ​ ​ ​ Amount ​ Amortization ​ Amount ​ Amount ​ Amortization ​ Amount ​ ​ (in millions) ​ Customer relationships ​ $ 1,687 ​ $ (700) ​ $ 987 ​ $ 1,766 ​ $ (660) ​ $ 1,106 ​ Intellectual property ​ ​ 1,216 ​ ​ (860) ​ ​ 356 ​ ​ 1,262 ​ ​ (832) ​ ​ 430 ​ Other ​ 18 ​ (6) ​ 12 ​ 19 ​ (6) ​ 13 ​ Total ​ $ 2,921 ​ $ (1,566) ​ $ 1,355 ​ $ 3,047 ​ $ (1,498) ​ $ 1,549 ​
Schedule of finite-lived intangible assets, future amortization expense	At June 24, 2022, the aggregate amortization expense on intangible assets is expected to be as follows: ​ ​ ​ ​ ​ ​ (in millions) Remainder of fiscal 2022 ​ $ 48 ​ Fiscal 2023 ​ ​ 191 ​ Fiscal 2024 ​ 161 ​ Fiscal 2025 ​ 146 ​ Fiscal 2026 ​ 139 ​ Fiscal 2027 ​ 120 ​ Thereafter ​ 550 ​ Total ​ $ 1,355 ​

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jun. 24, 2022
Leases
Schedule of components of lease cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ (in millions) Operating lease cost ​ $ 34 ​ $ 31 ​ $ 98 ​ $ 90 ​ Variable lease cost ​ ​ 15 ​ ​ 13 ​ ​ 40 ​ ​ 37 ​ Total lease cost ​ $ 49 ​ $ 44 ​ $ 138 ​ $ 127 ​
Schedule of Cash Flow information, including significant non-cash transactions, related to leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ ​ ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ ​ 2022 2021 ​ (in millions) Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ Payments for operating leases (1) ​ $ 92 ​ $ 90 ​ ​ ​ ​ ​ ​ ​ ​ ​ Right-of-use assets, including modifications of existing leases, obtained in exchange for operating lease liabilities ​ ​ 102 ​ ​ 65 ​ (1) These payments are included in cash flows from operating activities, primarily in changes in accrued and other current liabilities.

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Jun. 24, 2022
Net investment hedges
Schedule of impacts of hedging program	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Foreign currency exchange gains (losses) on intercompany loans and external borrowings (1) ​ $ 156 ​ $ (46) ​ $ 344 ​ $ (81) ​ Gains (losses) on cross-currency swap contracts designated as hedges of net investment (1) ​ 78 ​ (14) ​ 148 ​ (41) ​ (1) Recorded as currency translation, a component of accumulated other comprehensive income (loss), and offset by changes attributable to the translation of the net investment.
Cross-currency swap contracts | Cash flow hedges
Summary of fair value of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 24, ​ September 24, ​ ​ 2022 2021 ​ ​ (in millions) ​ Prepaid expenses and other current assets ​ $ 18 ​ $ — ​ Other liabilities ​ — ​ 20 ​
Schedule of impacts of hedging program	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Losses recorded in other comprehensive income (loss) ​ $ (1) ​ $ (1) ​ $ (6) $ (5) ​ Gains (losses) excluded from the hedging relationship (1) ​ 13 ​ (11) ​ 52 ​ (23) ​ (1) Gains and losses excluded from the hedging relationship are recognized prospectively in selling, general, and administrative expenses and are offset by losses and gains generated as a result of re-measuring certain intercompany loans to the U.S. dollar.
Cross-currency swap contracts | Net investment hedges
Summary of fair value of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 24, ​ September 24, ​ ​ 2022 2021 ​ ​ (in millions) ​ Prepaid expenses and other current assets ​ $ 28 ​ $ 3 ​ Other assets ​ 97 ​ 18 ​ Accrued and other current liabilities ​ ​ — ​ ​ 13 ​ Other liabilities ​ ​ — ​ ​ 18 ​
Forward starting interest rate swaps | Cash flow hedges
Summary of fair value of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ September 24, ​ ​ 2021 ​ ​ (in millions) ​ Prepaid expenses and other current assets ​ $ 7 ​ Accrued and other current liabilities ​ ​ 38 ​
Schedule of impacts of hedging program	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Gains (losses) recorded in other comprehensive income (loss) ​ $ — ​ $ (11) ​ $ 13 $ 36 ​
Commodity swap contracts | Cash flow hedges
Summary of fair value of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 24, ​ September 24, ​ ​ 2022 2021 ​ ​ (in millions) ​ Prepaid expenses and other current assets ​ $ 2 ​ $ 23 ​ Accrued and other current liabilities ​ ​ 57 ​ ​ 18 ​ Other liabilities ​ ​ 10 ​ ​ 4 ​
Schedule of impacts of hedging program	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Gains (losses) recorded in other comprehensive income (loss) ​ $ (106) ​ $ 24 ​ $ (45) $ 78 ​ Gains reclassified from accumulated other comprehensive income (loss) into cost of sales ​ ​ 15 ​ ​ 27 ​ ​ 35 ​ ​ 66 ​

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
	Jun. 24, 2022
Retirement Plans
Net periodic pension benefit cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. Plans ​ U.S. Plans ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Quarters Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Operating expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 11 ​ $ 10 ​ $ 2 ​ $ 3 ​ Other (income) expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 8 ​ 7 ​ 7 ​ 7 ​ Expected return on plan assets ​ (15) ​ (13) ​ (11) ​ (13) ​ Amortization of net actuarial loss ​ 6 ​ 8 ​ — ​ 3 ​ Amortization of prior service credit ​ (1) ​ (3) ​ — ​ — ​ Net periodic pension benefit cost (credit) ​ $ 9 ​ $ 9 ​ $ (2) ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. Plans ​ U.S. Plans ​ ​ ​ For the ​ For the ​ ​ ​ Nine Months Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Operating expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 31 ​ $ 34 ​ $ 6 ​ $ 9 ​ Other (income) expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 25 ​ 21 ​ 20 ​ 23 ​ Expected return on plan assets ​ (44) ​ (40) ​ (35) ​ (39) ​ Amortization of net actuarial loss ​ 19 ​ 23 ​ 2 ​ 7 ​ Amortization of prior service credit ​ (4) ​ (6) ​ — ​ — ​ Net periodic pension benefit cost (credit) ​ $ 27 ​ $ 32 ​ $ (7) ​ $ — ​

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jun. 24, 2022
Earnings Per Share
Schedule of weighted-average shares outstanding, basic and diluted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Basic ​ 322 ​ 330 ​ 324 ​ 331 ​ Dilutive impact of share-based compensation arrangements ​ 2 ​ 3 ​ 3 ​ 2 ​ Diluted ​ 324 ​ 333 ​ 327 ​ 333 ​

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Jun. 24, 2022
Shareholders' Equity
Schedule of cash dividends to shareholders	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ Quarters Ended ​ Nine Months Ended ​ June 24, June 25, June 24, June 25, ​ 2022 2021 2022 2021 Dividends paid per common share ​ $ 0.56 ​ $ 0.50 ​ $ 1.56 ​ $ 1.46 ​
Schedule of common shares repurchased	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ ​ ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ ​ 2022 2021 ​ ​ (in millions) ​ Number of common shares repurchased ​ 8 ​ 5 ​ Repurchase value $ 1,072 $ 591 ​

Share Plans (Tables)

Share Plans (Tables)	9 Months Ended
	Jun. 24, 2022
Share Plans
Share-based compensation expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Share-based compensation expense $ 28 $ 24 ​ $ 88 $ 73 ​
Summary of share-based award activity	During the quarter ended December 24, 2021, we granted the following share-based awards as part of our annual incentive plan grant: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grant-Date ​ ​ Shares Fair Value ​ ​ (in millions) ​ ​ ​ ​ Share options ​ 0.8 ​ $ 37.67 ​ Restricted share awards ​ 0.3 ​ 158.00 ​ Performance share awards ​ 0.1 ​ ​ 158.00 ​
Weighted-average assumptions	The assumptions we used in the Black-Scholes-Merton option pricing model for the options granted as part of our annual incentive plan grant were as follows: ​ ​ ​ ​ ​ ​ Expected share price volatility 29 % Risk-free interest rate ​ 1.1 % ​ Expected annual dividend per share ​ $ 2.00 ​ ​ Expected life of options (in years) ​ 5.1 ​ ​

Segment and Geographic Data (Ta

Segment and Geographic Data (Tables)	9 Months Ended
	Jun. 24, 2022
Segment and Geographic Data
Schedule of net sales by segment and industry end market	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Transportation Solutions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Automotive ​ $ 1,629 ​ $ 1,600 ​ $ 4,802 ​ $ 4,859 ​ Commercial transportation ​ 400 ​ 382 ​ 1,159 ​ 1,095 ​ Sensors ​ 271 ​ 283 ​ 811 ​ 822 ​ Total Transportation Solutions ​ ​ 2,300 ​ ​ 2,265 ​ ​ 6,772 ​ ​ 6,776 ​ Industrial Solutions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial equipment ​ ​ 479 ​ ​ 377 ​ ​ 1,413 ​ ​ 1,011 ​ Aerospace, defense, oil, and gas ​ 271 ​ 260 ​ 774 ​ 777 ​ Energy ​ 207 ​ 187 ​ 579 ​ 544 ​ Medical ​ ​ 177 ​ ​ 178 ​ ​ 502 ​ ​ 495 ​ Total Industrial Solutions ​ ​ 1,134 ​ ​ 1,002 ​ ​ 3,268 ​ ​ 2,827 ​ Communications Solutions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Data and devices ​ ​ 417 ​ ​ 329 ​ ​ 1,151 ​ ​ 841 ​ Appliances ​ 246 ​ 249 ​ 731 ​ 661 ​ Total Communications Solutions ​ ​ 663 ​ ​ 578 ​ ​ 1,882 ​ ​ 1,502 ​ Total ​ $ 4,097 ​ $ 3,845 ​ $ 11,922 ​ $ 11,105 ​ (1) Intersegment sales were not material. (2) Industry end market information is presented consistently with our internal management reporting and may be revised periodically as management deems necessary.
Net sales by segment and geographic region	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Europe/Middle East/Africa (“EMEA”): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Solutions ​ $ 894 ​ $ 913 ​ $ 2,564 ​ $ 2,729 ​ Industrial Solutions ​ 470 ​ 417 ​ 1,368 ​ 1,168 ​ Communications Solutions ​ 84 ​ 83 ​ 263 ​ 222 ​ Total EMEA ​ 1,448 ​ 1,413 ​ 4,195 ​ 4,119 ​ Asia–Pacific: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Solutions ​ 825 ​ 868 ​ 2,636 ​ 2,619 ​ Industrial Solutions ​ 205 ​ 183 ​ 611 ​ 517 ​ Communications Solutions ​ ​ 372 ​ ​ 333 ​ ​ 1,036 ​ ​ 877 ​ Total Asia–Pacific ​ 1,402 ​ 1,384 ​ 4,283 ​ 4,013 ​ Americas: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Solutions ​ ​ 581 ​ ​ 484 ​ ​ 1,572 ​ ​ 1,428 ​ Industrial Solutions ​ 459 ​ 402 ​ 1,289 ​ 1,142 ​ Communications Solutions ​ ​ 207 ​ ​ 162 ​ ​ 583 ​ ​ 403 ​ Total Americas ​ 1,247 ​ 1,048 ​ 3,444 ​ 2,973 ​ Total ​ $ 4,097 ​ $ 3,845 ​ $ 11,922 ​ $ 11,105 ​ (1) Net sales to external customers are attributed to individual countries based on the legal entity that records the sale.
Schedule of operating income by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 24, ​ June 25, ​ June 24, ​ June 25, ​ ​ 2022 2021 2022 2021 ​ ​ (in millions) ​ Transportation Solutions ​ $ 383 ​ $ 433 ​ $ 1,187 ​ $ 1,139 ​ Industrial Solutions ​ ​ 169 ​ ​ 148 ​ ​ 440 ​ ​ 335 ​ Communications Solutions ​ ​ 167 ​ ​ 133 ​ ​ 469 ​ ​ 300 ​ Total ​ $ 719 ​ $ 714 ​ $ 2,096 ​ $ 1,774 ​

Restructuring and Other Charg_3

Restructuring and Other Charges, Net - Restructuring and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Restructuring and other charges, net
Restructuring charges, net	$ 26	$ 10	$ 69	$ 170
(Gain) loss on divestitures and impairment of held for sale businesses			(10)	21
Other charges, net		1		4
Restructuring and other charges, net	26	11	59	195
Operating expenses
Restructuring and other charges, net
Restructuring charges, net	30	10	85	170
Restructuring charges, net
Restructuring and other charges, net
Restructuring charges, net	26	10	69	170
Restructuring charges, net | Transportation Solutions
Restructuring and other charges, net
Restructuring charges, net	9	2	24	130
Restructuring charges, net | Industrial Solutions
Restructuring and other charges, net
Restructuring charges, net	11	6	29	26
Restructuring charges, net | Communications Solutions
Restructuring and other charges, net
Restructuring charges, net	6	$ 2	16	$ 14
Cost of sales
Restructuring and other charges, net
Restructuring charges, net	$ 4		$ 16

Restructuring and Other Charg_4

Restructuring and Other Charges, Net - Restructuring Reserve Activity (Details) $ in Millions	9 Months Ended
	Jun. 24, 2022 USD ($)
Restructuring reserve
Restructuring reserve at the beginning of the period	$ 304
Charges	103
Changes in Estimate	(18)
Cash Payments	(126)
Non-Cash Items	(30)
Currency Translation	(20)
Restructuring reserve at the end of the period	213
Fiscal 2022 Actions
Restructuring reserve
Charges	84
Cash Payments	(4)
Non-Cash Items	(27)
Restructuring reserve at the end of the period	53
Fiscal 2022 Actions | Employee severance
Restructuring reserve
Charges	57
Cash Payments	(4)
Restructuring reserve at the end of the period	53
Fiscal 2022 Actions | Property, plant, and equipment and other non-cash charges
Restructuring reserve
Charges	27
Non-Cash Items	(27)
Restructuring reserve at the end of the period	0
Fiscal 2021 Actions
Restructuring reserve
Restructuring reserve at the beginning of the period	154
Charges	7
Changes in Estimate	(4)
Cash Payments	(77)
Non-Cash Items	(2)
Currency Translation	(10)
Restructuring reserve at the end of the period	68
Fiscal 2021 Actions | Employee severance
Restructuring reserve
Restructuring reserve at the beginning of the period	152
Charges	2
Changes in Estimate	(4)
Cash Payments	(73)
Currency Translation	(10)
Restructuring reserve at the end of the period	67
Fiscal 2021 Actions | Facility and other exit costs
Restructuring reserve
Restructuring reserve at the beginning of the period	2
Charges	3
Cash Payments	(4)
Restructuring reserve at the end of the period	1
Fiscal 2021 Actions | Property, plant, and equipment
Restructuring reserve
Charges	2
Non-Cash Items	(2)
Restructuring reserve at the end of the period	0
Pre-Fiscal 2021 Actions
Restructuring reserve
Restructuring reserve at the beginning of the period	150
Charges	12
Changes in Estimate	(14)
Cash Payments	(45)
Non-Cash Items	(1)
Currency Translation	(10)
Restructuring reserve at the end of the period	92
Pre-Fiscal 2021 Actions | Employee severance
Restructuring reserve
Restructuring reserve at the beginning of the period	135
Changes in Estimate	(7)
Cash Payments	(34)
Currency Translation	(10)
Restructuring reserve at the end of the period	84
Pre-Fiscal 2021 Actions | Facility and other exit costs
Restructuring reserve
Restructuring reserve at the beginning of the period	15
Charges	8
Changes in Estimate	(4)
Cash Payments	(11)
Restructuring reserve at the end of the period	8
Pre-Fiscal 2021 Actions | Property, plant, and equipment
Restructuring reserve
Charges	4
Changes in Estimate	(3)
Non-Cash Items	(1)
Restructuring reserve at the end of the period	$ 0

Restructuring and Other Charg_5

Restructuring and Other Charges, Net - Actions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Restructuring Charges
Charges Incurred	$ 26	$ 10	$ 69	$ 170
Fiscal 2022 Actions
Restructuring Charges
Total Expected Charges	100		100
Cumulative Charges Incurred	84		84
Remaining Expected Charges	16		16
Charges Incurred			84
Fiscal 2022 Actions | Transportation Solutions
Restructuring Charges
Total Expected Charges	28		28
Cumulative Charges Incurred	24		24
Remaining Expected Charges	4		4
Fiscal 2022 Actions | Industrial Solutions
Restructuring Charges
Total Expected Charges	47		47
Cumulative Charges Incurred	45		45
Remaining Expected Charges	2		2
Fiscal 2022 Actions | Communications Solutions
Restructuring Charges
Total Expected Charges	25		25
Cumulative Charges Incurred	15		15
Remaining Expected Charges	10		10
Fiscal 2021 Actions
Restructuring Charges
Cumulative Charges Incurred	198		198
Charges Incurred			3	162
Fiscal 2021 Actions | Transportation Solutions
Restructuring Charges
Cumulative Charges Incurred	125		125
Fiscal 2021 Actions | Industrial Solutions
Restructuring Charges
Cumulative Charges Incurred	49		49
Fiscal 2021 Actions | Communications Solutions
Restructuring Charges
Cumulative Charges Incurred	$ 24		24
Pre-Fiscal 2021 Actions
Restructuring Charges
Charges Incurred			$ (2)	$ 8

Restructuring and Other Charg_6

Restructuring and Other Charges, Net - Restructuring Reserve Balances (Details) - USD ($) $ in Millions	Jun. 24, 2022	Sep. 24, 2021
Restructuring reserves included on the Consolidated Balance Sheets
Accrued and other current liabilities	$ 160	$ 236
Other liabilities	53	68
Restructuring reserves	$ 213	$ 304

Acquisitions (Details)

Acquisitions (Details) $ in Millions	9 Months Ended
	Jun. 24, 2022 USD ($) item	Jun. 25, 2021 USD ($) item
Acquisitions
Net cash paid	$ 116	$ 126
2022 Acquisitions
Acquisitions
Number of businesses acquired | item	2
Net cash paid	$ 141
2021 Acquisitions
Acquisitions
Number of businesses acquired | item		2
Net cash paid		$ 125

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 24, 2022	Sep. 24, 2021
Inventories
Raw materials	$ 419	$ 320
Work in progress	1,190	991
Finished goods	1,419	1,200
Inventories	$ 3,028	$ 2,511

Goodwill (Details)

Goodwill (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 24, 2021 USD ($) item	Jun. 24, 2022 USD ($)
Goodwill:
Goodwill, beginning balance		$ 5,590
Acquisitions		82
Purchase price adjustments		(101)
Currency translation and other		(219)
Goodwill, ending balance	$ 5,590	5,352
Transportation Solutions
Goodwill:
Goodwill, beginning balance		1,549
Currency translation and other		(64)
Goodwill, ending balance	1,549	1,485
Accumulated impairment losses	3,091	3,091
Industrial Solutions
Goodwill:
Goodwill, beginning balance		3,446
Purchase price adjustments		(101)
Currency translation and other		(130)
Goodwill, ending balance	3,446	3,215
Accumulated impairment losses	$ 669	669
Number of businesses acquired | item	2
Communications Solutions
Goodwill:
Goodwill, beginning balance		595
Acquisitions		82
Currency translation and other		(25)
Goodwill, ending balance	$ 595	652
Accumulated impairment losses	$ 489	$ 489

Intangible Assets, Net (Details

Intangible Assets, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021	Sep. 24, 2021
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 2,921		$ 2,921		$ 3,047
Accumulated Amortization	(1,566)		(1,566)		(1,498)
Net Carrying Amount	1,355		1,355		1,549
Finite-lived intangible assets, amortization expense	48	$ 48	145	$ 144
Aggregate amortization expense on intangible assets
Remainder of fiscal 2022	48		48
Fiscal 2023	191		191
Fiscal 2024	161		161
Fiscal 2025	146		146
Fiscal 2026	139		139
Fiscal 2027	120		120
Thereafter	550		550
Net Carrying Amount	1,355		1,355		1,549
Customer relationships
Finite-Lived Intangible Assets
Gross Carrying Amount	1,687		1,687		1,766
Accumulated Amortization	(700)		(700)		(660)
Net Carrying Amount	987		987		1,106
Aggregate amortization expense on intangible assets
Net Carrying Amount	987		987		1,106
Intellectual property
Finite-Lived Intangible Assets
Gross Carrying Amount	1,216		1,216		1,262
Accumulated Amortization	(860)		(860)		(832)
Net Carrying Amount	356		356		430
Aggregate amortization expense on intangible assets
Net Carrying Amount	356		356		430
Other
Finite-Lived Intangible Assets
Gross Carrying Amount	18		18		19
Accumulated Amortization	(6)		(6)		(6)
Net Carrying Amount	12		12		13
Aggregate amortization expense on intangible assets
Net Carrying Amount	$ 12		$ 12		$ 13

Debt - Summary (Details)

Debt - Summary (Details) € in Millions, $ in Millions	9 Months Ended
	Jun. 24, 2022 USD ($)	Jun. 25, 2021 USD ($)	Jun. 24, 2022 EUR (€)	Jun. 24, 2022 USD ($)	Sep. 24, 2021 USD ($)
Debt
Fair value of debt				$ 4,134	$ 4,465
Repayment of debt	$ 558	$ 706
Short-term debt				822	503
Long-term debt				3,380	3,589
Commercial paper
Debt
Commercial paper				$ 237	$ 0
Weighted-average interest rate (as a percent)			1.92%	1.92%
2.50% senior notes due 2032
Debt
Debt instrument, interest rate (as a percent)			2.50%	2.50%
Debt instrument principal amount				$ 600
3.50% senior notes due 2022
Debt
Debt instrument, interest rate (as a percent)			3.50%	3.50%
Repayment of debt	$ 500
Reclassification
Debt
Debt instrument, interest rate (as a percent)			1.10%	1.10%
Short-term debt | €			€ 550
Long-term debt | €			€ (550)

Leases - Components of Lease Co

Leases - Components of Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Leases
Operating lease cost	$ 34	$ 31	$ 98	$ 90
Variable lease cost	15	13	40	37
Total lease cost	$ 49	$ 44	$ 138	$ 127

Leases - Cash Flow Information

Leases - Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Jun. 24, 2022	Jun. 25, 2021
Leases
Payments for operating leases	$ 92	$ 90
Right-of-use assets, including modifications of existing leases, obtained in exchange for operating lease liabilities	$ 102	$ 65

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Jun. 24, 2022 USD ($)
Loss Contingencies
Accrual environmental loss contingency, estimate of probable loss	$ 20
Minimum
Loss Contingencies
Accrual environmental loss contingency, estimate of probable loss	17
Maximum
Loss Contingencies
Accrual environmental loss contingency, estimate of probable loss	45
Outstanding letters of credit, letters of guarantee and surety bonds
Guarantees
Guarantor obligations, maximum exposure	134
Discontinued Operations, Disposed of by Sale | Subsea Communications
Guarantees
Guarantor obligations, maximum exposure	$ 116

Financial Instruments (Details)

Financial Instruments (Details) € in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 24, 2022 USD ($)	Jun. 25, 2021 USD ($)	Jun. 24, 2022 USD ($)	Jun. 25, 2021 USD ($)	Sep. 24, 2021 USD ($)	Jun. 24, 2022 EUR (€)	Jun. 24, 2022 USD ($)	Sep. 24, 2021 EUR (€)	Sep. 24, 2021 USD ($)
Cash flow hedges | Cross-currency swap contracts
Financial Instruments
Notional amount | €						€ 200		€ 700
Interest paid in foreign currency, fixed interest rate						3.50%	3.50%
Interest received in U.S. dollars, weighted-average fixed interest rate						5.26%	5.26%
Gains (losses) recorded in other comprehensive income (loss)	$ (1,000,000)	$ (1,000,000)	$ (6,000,000)	$ (5,000,000)
Gains (losses) excluded from the hedging relationship	13,000,000	(11,000,000)	52,000,000	(23,000,000)
Cash flow hedges | Forward starting interest rate swaps
Financial Instruments
Notional amount							$ 0		$ 450,000,000
Gains (losses) recorded in other comprehensive income (loss)		(11,000,000)	13,000,000	36,000,000
Debt instrument, interest rate (as a percent)						2.50%	2.50%
Cash flow hedges | Commodity swap contracts
Financial Instruments
Notional amount							$ 605,000,000		512,000,000
Gains (losses) recorded in other comprehensive income (loss)	(106,000,000)	24,000,000	(45,000,000)	78,000,000
Gains (losses) reclassified from accumulated other comprehensive income (loss) into cost of sales	15,000,000	27,000,000	35,000,000	66,000,000
Net investment hedges | Intercompany loans and external borrowings
Financial Instruments
Notional amount of non-derivative instruments			2,203,000,000		$ 3,798,000,000
Foreign currency exchange gains (losses) on intercompany loans and external borrowings	156,000,000	(46,000,000)	344,000,000	(81,000,000)
Net investment hedges | Cross-currency swap contracts
Financial Instruments
Notional amount							$ 1,767,000,000		1,430,000,000
Interest paid in foreign currency, fixed interest rate						0%	0%
Interest received in U.S. dollars, weighted-average fixed interest rate						1.51%	1.51%
Gains (losses) on cross-currency swap contracts designated as hedges of net investment	$ 78,000,000	$ (14,000,000)	$ 148,000,000	$ (41,000,000)
Prepaid expenses and other current assets | Cash flow hedges | Cross-currency swap contracts
Financial Instruments
Fair Value of Asset Positions							$ 18,000,000
Prepaid expenses and other current assets | Cash flow hedges | Forward starting interest rate swaps
Financial Instruments
Fair Value of Asset Positions									7,000,000
Prepaid expenses and other current assets | Cash flow hedges | Commodity swap contracts
Financial Instruments
Fair Value of Asset Positions							2,000,000		23,000,000
Prepaid expenses and other current assets | Net investment hedges | Cross-currency swap contracts
Financial Instruments
Fair Value of Asset Positions							28,000,000		3,000,000
Other assets | Net investment hedges | Cross-currency swap contracts
Financial Instruments
Fair Value of Asset Positions							97,000,000		18,000,000
Accrued and other current liabilities | Cash flow hedges | Forward starting interest rate swaps
Financial Instruments
Fair Value of Liability Positions									38,000,000
Accrued and other current liabilities | Cash flow hedges | Commodity swap contracts
Financial Instruments
Fair Value of Liability Positions							57,000,000		18,000,000
Accrued and other current liabilities | Net investment hedges | Cross-currency swap contracts
Financial Instruments
Fair Value of Liability Positions									13,000,000
Other liabilities | Cash flow hedges | Cross-currency swap contracts
Financial Instruments
Fair Value of Liability Positions									20,000,000
Other liabilities | Cash flow hedges | Commodity swap contracts
Financial Instruments
Fair Value of Liability Positions							$ 10,000,000		4,000,000
Other liabilities | Net investment hedges | Cross-currency swap contracts
Financial Instruments
Fair Value of Liability Positions									$ 18,000,000

Retirement Plans (Details)

Retirement Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Non-U.S. Plans
Net Periodic Postretirement Benefit Cost (Credit)
Service cost	$ 11	$ 10	$ 31	$ 34
Interest cost	8	7	25	21
Expected return on plan assets	(15)	(13)	(44)	(40)
Amortization of net actuarial loss	6	8	19	23
Amortization of prior service credit	(1)	(3)	(4)	(6)
Net periodic pension benefit cost (credit)	9	9	27	32
Defined benefit plan, contributions by employer			29
U.S. Plans
Net Periodic Postretirement Benefit Cost (Credit)
Service cost	2	3	6	9
Interest cost	7	7	20	23
Expected return on plan assets	(11)	(13)	(35)	(39)
Amortization of net actuarial loss		$ 3	2	$ 7
Net periodic pension benefit cost (credit)	$ (2)		$ (7)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021	Sep. 30, 2022
Income tax expense	$ 116	$ 124	$ 362	$ 290
Income tax benefit associated with intercompany transactions	21		57
Income Tax Charges Associated With Write Down Of Certain Deferred Tax Assets To Lower Tax Rate			27
Income tax expense associated with income tax audit of pre-acquisition period of acquired entity			12
Other income associated with indemnification receivable			11
Income tax benefit from change in the tax method of depreciating or amortizing certain assets				$ 29
Increase in deferred tax assets for tax loss and credit carryforwards from intercompany transaction with non-U.S. subsidiary	4,000
Increase in deferred tax assets valuation allowance for tax loss and credit carryforwards from intercompany transaction with non-U.S. subsidiary	4,000
Unrecognized income tax benefits, approximate amount that could be resolved in next twelve months	$ 100		$ 100
Expected
Income tax benefit associated with intercompany transactions					$ 75

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Earnings Per Share
Antidilutive share options	1		1
Earnings Per Share
Basic (in shares)	322	330	324	331
Dilutive impact of share-based compensation arrangements (in shares)	2	3	3	2
Diluted (in shares)	324	333	327	333

Shareholders' Equity (Details)

Shareholders' Equity (Details) $ / shares in Units, shares in Millions, $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 31, 2022 installment $ / shares shares	Jun. 24, 2022 USD ($) $ / shares	Jun. 25, 2021 USD ($) $ / shares	Jun. 24, 2022 USD ($) $ / shares shares	Jun. 25, 2021 USD ($) $ / shares shares	Sep. 24, 2021 USD ($)
Shareholders' Equity
Dividends paid per common share | $ / shares		$ 0.56	$ 0.50	$ 1.56	$ 1.46
Cancellation of treasury shares (in shares) | shares	5
Dividend or cash distribution approved (in currency per share) | $ / shares	$ 2.24
Number of quarterly dividend installments | installment	4
Cash distribution quarterly installment payable (in dollars per share) | $ / shares	$ 0.56
Unpaid portion of the dividend payment recorded in accrued and other current liabilities		$ 538		$ 538		$ 327
Share repurchase program, increase in authorized amount		1,500
Number of common shares repurchased | shares				8	5
Repurchase value		320	$ 282	$ 1,072	$ 591
Amount available for repurchase, at end of period		$ 2,000		$ 2,000

Share Plans (Details)

Share Plans (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended			9 Months Ended
	Jun. 24, 2022	Dec. 24, 2021	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Share Based Compensation Arrangements:
Share-based compensation expense	$ 28		$ 24	$ 88	$ 73
Shares available for issuance	11			11
Share Based Compensation Expenses Not Recognized
Share-based compensation, share-based awards, total compensation expense not yet recognized	$ 160			$ 160
Share-based compensation, share-based awards, total compensation expense not yet recognized, expected period for recognition	1 year 9 months 18 days
Share options
Share Based Compensation Arrangements:
Share options granted		0.8
Options granted, grant-date fair value (in dollars per share)		$ 37.67
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology
Expected share price volatility (as a percent)		29%
Risk-free interest rate (as a percent)		1.10%
Expected annual dividend per share		$ 2
Expected life of options (in years)		5 years 1 month 6 days
Restricted share awards
Share Based Compensation Arrangements:
Shares granted		0.3
Shares granted, grant-date fair value (in dollars per share)		$ 158
Performance share awards
Share Based Compensation Arrangements:
Shares granted		0.1
Shares granted, grant-date fair value (in dollars per share)		$ 158

Segment and Geographic Data - N

Segment and Geographic Data - Net Sales by Segment and Industry End Market (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Segment and Geographic Data
Net sales	$ 4,097	$ 3,845	$ 11,922	$ 11,105
Transportation Solutions
Segment and Geographic Data
Net sales	2,300	2,265	6,772	6,776
Transportation Solutions | Automotive
Segment and Geographic Data
Net sales	1,629	1,600	4,802	4,859
Transportation Solutions | Commercial transportation
Segment and Geographic Data
Net sales	400	382	1,159	1,095
Transportation Solutions | Sensors
Segment and Geographic Data
Net sales	271	283	811	822
Industrial Solutions
Segment and Geographic Data
Net sales	1,134	1,002	3,268	2,827
Industrial Solutions | Industrial equipment
Segment and Geographic Data
Net sales	479	377	1,413	1,011
Industrial Solutions | Aerospace, defense, oil, and gas
Segment and Geographic Data
Net sales	271	260	774	777
Industrial Solutions | Energy
Segment and Geographic Data
Net sales	207	187	579	544
Industrial Solutions | Medical
Segment and Geographic Data
Net sales	177	178	502	495
Communications Solutions
Segment and Geographic Data
Net sales	663	578	1,882	1,502
Communications Solutions | Data and devices
Segment and Geographic Data
Net sales	417	329	1,151	841
Communications Solutions | Appliances
Segment and Geographic Data
Net sales	$ 246	$ 249	$ 731	$ 661

Segment and Geographic Data -_2

Segment and Geographic Data - Net Sales by Geographic Region and Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Segment and Geographic Data
Net sales	$ 4,097	$ 3,845	$ 11,922	$ 11,105
Transportation Solutions
Segment and Geographic Data
Net sales	2,300	2,265	6,772	6,776
Industrial Solutions
Segment and Geographic Data
Net sales	1,134	1,002	3,268	2,827
Communications Solutions
Segment and Geographic Data
Net sales	663	578	1,882	1,502
Total Europe/Middle East/Africa
Segment and Geographic Data
Net sales	1,448	1,413	4,195	4,119
Total Europe/Middle East/Africa | Transportation Solutions
Segment and Geographic Data
Net sales	894	913	2,564	2,729
Total Europe/Middle East/Africa | Industrial Solutions
Segment and Geographic Data
Net sales	470	417	1,368	1,168
Total Europe/Middle East/Africa | Communications Solutions
Segment and Geographic Data
Net sales	84	83	263	222
Total Asia-Pacific
Segment and Geographic Data
Net sales	1,402	1,384	4,283	4,013
Total Asia-Pacific | Transportation Solutions
Segment and Geographic Data
Net sales	825	868	2,636	2,619
Total Asia-Pacific | Industrial Solutions
Segment and Geographic Data
Net sales	205	183	611	517
Total Asia-Pacific | Communications Solutions
Segment and Geographic Data
Net sales	372	333	1,036	877
Total Americas
Segment and Geographic Data
Net sales	1,247	1,048	3,444	2,973
Total Americas | Transportation Solutions
Segment and Geographic Data
Net sales	581	484	1,572	1,428
Total Americas | Industrial Solutions
Segment and Geographic Data
Net sales	459	402	1,289	1,142
Total Americas | Communications Solutions
Segment and Geographic Data
Net sales	$ 207	$ 162	$ 583	$ 403

Segment and Geographic Data - O

Segment and Geographic Data - Operating Income by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 24, 2022	Jun. 25, 2021	Jun. 24, 2022	Jun. 25, 2021
Segment and Geographic Data
Operating income	$ 719	$ 714	$ 2,096	$ 1,774
Transportation Solutions
Segment and Geographic Data
Operating income	383	433	1,187	1,139
Industrial Solutions
Segment and Geographic Data
Operating income	169	148	440	335
Communications Solutions
Segment and Geographic Data
Operating income	$ 167	$ 133	$ 469	$ 300