TE Connectivity (TEL) 10-Q 28 Apr 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 31, 2023	Apr. 21, 2023
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	Mar. 31, 2023
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	--09-29
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		315,115,072
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$ 4,160	$ 4,007	$ 8,001	$ 7,825
Cost of sales	2,876	2,670	5,530	5,258
Gross margin	1,284	1,337	2,471	2,567
Selling, general, and administrative expenses	435	416	827	779
Research, development, and engineering expenses	185	185	358	360
Acquisition and integration costs	8	10	17	18
Restructuring and other charges, net	119	21	230	33
Operating income	537	705	1,039	1,377
Interest income	12	4	21	6
Interest expense	(20)	(18)	(41)	(30)
Other income (expense), net	(4)	5	(9)	20
Income from continuing operations before income taxes	525	696	1,010	1,373
Income tax expense	(100)	(136)	(187)	(246)
Income from continuing operations	425	560	823	1,127
Income (loss) from discontinued operations, net of income taxes	8		7	(1)
Net income	$ 433	$ 560	$ 830	$ 1,126
Basic earnings per share:
Income from continuing operations (in dollars per share)	$ 1.34	$ 1.72	$ 2.60	$ 3.46
Income (loss) from discontinued operations (in dollars per share)	0.03		0.02
Net income (in dollars per share)	1.37	1.72	2.62	3.45
Diluted earnings per share:
Income from continuing operations (in dollars per share)	1.34	1.71	2.58	3.44
Income (loss) from discontinued operations (in dollars per share)	0.03		0.02
Net income (in dollars per share)	$ 1.36	$ 1.71	$ 2.60	$ 3.43
Weighted-average number of shares outstanding:
Basic (in shares)	316	325	317	326
Diluted (in shares)	318	327	319	328

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 433	$ 560	$ 830	$ 1,126
Other comprehensive income:
Currency translation	78	(9)	383	9
Adjustments to unrecognized pension and postretirement benefit costs, net of income taxes	1	4	3	8
Gains on cash flow hedges, net of income taxes	38	46	107	47
Other comprehensive income	117	41	493	64
Comprehensive income	550	601	1,323	1,190
Less: comprehensive (income) loss attributable to noncontrolling interests	(2)	1	(11)	7
Comprehensive income attributable to TE Connectivity Ltd.	$ 548	$ 602	$ 1,312	$ 1,197

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2023	Sep. 30, 2022
Current assets:
Cash and cash equivalents	$ 905	$ 1,088
Accounts receivable, net of allowance for doubtful accounts of $46 and $45, respectively	3,048	2,865
Inventories	2,811	2,676
Prepaid expenses and other current assets	675	639
Total current assets	7,439	7,268
Property, plant, and equipment, net	3,818	3,567
Goodwill	5,527	5,258
Intangible assets, net	1,286	1,288
Deferred income taxes	2,634	2,498
Other assets	786	903
Total assets	21,490	20,782
Current liabilities:
Short-term debt	286	914
Accounts payable	1,678	1,593
Accrued and other current liabilities	2,429	2,125
Total current liabilities	4,393	4,632
Long-term debt	3,916	3,292
Long-term pension and postretirement liabilities	731	695
Deferred income taxes	216	244
Income taxes	326	304
Other liabilities	782	718
Total liabilities	10,364	9,885
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests	106	95
Shareholders' equity:
Common shares, CHF 0.57 par value, 322,470,281 shares authorized and issued, and 330,830,781 shares authorized and issued, respectively	142	146
Accumulated earnings	11,824	12,832
Treasury shares, at cost, 7,053,036 and 12,749,540 shares, respectively	(933)	(1,681)
Accumulated other comprehensive loss	(13)	(495)
Total shareholders' equity	11,020	10,802
Total liabilities, redeemable noncontrolling interests, and shareholders' equity	$ 21,490	$ 20,782

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Millions	Mar. 31, 2023 USD ($) shares	Dec. 30, 2022 SFr / shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2022 SFr / shares
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowance for doubtful accounts (in dollars) | $	$ 46		$ 45
Common shares, par value (in currency per share) | SFr / shares		SFr 0.57		SFr 0.57
Common shares, shares authorized	322,470,281		330,830,781
Common shares, shares issued	322,470,281		330,830,781
Treasury shares	7,053,036		12,749,540

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Millions	Common Shares	Treasury Shares	Contributed Surplus	Accumulated Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Sep. 24, 2021	$ 148	$ (1,055)		$ 11,709	$ (168)	$ 10,634
Balance (in shares) at Sep. 24, 2021	336,000,000
Treasury Stock balance (in shares) at Sep. 24, 2021		(9,000,000)
Increase (Decrease) in Shareholders' Equity:
Net income				1,126		1,126
Other comprehensive income					71	71
Share-based compensation expense			$ 60			60
Dividends				(722)		(722)
Exercise of share options		$ 30				30
Restricted share award vestings and other activity		$ 8	(60)	47		(5)
Restricted share award vestings and other activity (in shares)		1,000,000
Repurchase of common shares		$ (752)				$ (752)
Repurchase of common shares (in shares)		(5,000,000)				(5,000,000)
Balance at Mar. 25, 2022	$ 148	$ (1,769)		12,160	(97)	$ 10,442
Treasury Stock balance (in shares) at Mar. 25, 2022		(13,000,000)
Balance (in shares) at Mar. 25, 2022	336,000,000
Balance at Dec. 24, 2021	$ 148	$ (1,274)		12,285	(139)	11,020
Balance (in shares) at Dec. 24, 2021	336,000,000
Treasury Stock balance (in shares) at Dec. 24, 2021		(10,000,000)
Increase (Decrease) in Shareholders' Equity:
Net income				560		560
Other comprehensive income					42	42
Share-based compensation expense			28			28
Dividends				(722)		(722)
Exercise of share options		$ 8				8
Restricted share award vestings and other activity		3	(28)	37		12
Repurchase of common shares		$ (506)				(506)
Repurchase of common shares (in shares)		(3,000,000)
Balance at Mar. 25, 2022	$ 148	$ (1,769)		12,160	(97)	10,442
Treasury Stock balance (in shares) at Mar. 25, 2022		(13,000,000)
Balance (in shares) at Mar. 25, 2022	336,000,000
Balance at Sep. 30, 2022	$ 146	$ (1,681)		12,832	(495)	$ 10,802
Balance (in shares) at Sep. 30, 2022	331,000,000
Treasury Stock balance (in shares) at Sep. 30, 2022		(13,000,000)				12,749,540
Increase (Decrease) in Shareholders' Equity:
Net income				830		$ 830
Other comprehensive income					482	482
Share-based compensation expense			63			63
Dividends				(744)		(744)
Exercise of share options		$ 20				20
Restricted share award vestings and other activity		$ 65	(63)	(3)		(1)
Restricted share award vestings and other activity (in shares)		1,000,000
Repurchase of common shares		$ (432)				$ (432)
Repurchase of common shares (in shares)		(4,000,000)				(4,000,000)
Cancellation of treasury shares	$ (4)	$ 1,095		(1,091)
Cancellation of treasury shares (in shares)	(9,000,000)	9,000,000
Balance at Mar. 31, 2023	$ 142	$ (933)		11,824	(13)	$ 11,020
Treasury Stock balance (in shares) at Mar. 31, 2023		(7,000,000)				7,053,036
Balance (in shares) at Mar. 31, 2023	322,000,000
Balance at Dec. 30, 2022	$ 146	$ (1,854)		13,200	(128)	$ 11,364
Balance (in shares) at Dec. 30, 2022	331,000,000
Treasury Stock balance (in shares) at Dec. 30, 2022		(14,000,000)
Increase (Decrease) in Shareholders' Equity:
Net income				433		433
Other comprehensive income					115	115
Share-based compensation expense			31			31
Dividends				(744)		(744)
Exercise of share options		$ 9				9
Restricted share award vestings and other activity		16	$ (31)	26		11
Repurchase of common shares		$ (199)				(199)
Repurchase of common shares (in shares)		(2,000,000)
Cancellation of treasury shares	$ (4)	$ 1,095		(1,091)
Cancellation of treasury shares (in shares)	(9,000,000)	9,000,000
Balance at Mar. 31, 2023	$ 142	$ (933)		$ 11,824	$ (13)	$ 11,020
Treasury Stock balance (in shares) at Mar. 31, 2023		(7,000,000)				7,053,036
Balance (in shares) at Mar. 31, 2023	322,000,000

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2023	Mar. 25, 2022
Cash flows from operating activities:
Net income	$ 830	$ 1,126
Income (loss) from discontinued operations, net of income taxes	(7)	1
Income from continuing operations	823	1,127
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:
Depreciation and amortization	394	392
Deferred income taxes	(70)	42
Non-cash lease cost	70	64
Provision for losses on accounts receivable and inventories	69	68
Share-based compensation expense	63	60
Impairment of held for sale businesses	67
Other	68	4
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:
Accounts receivable, net	(224)	(57)
Inventories	(273)	(411)
Prepaid expenses and other current assets	(25)	36
Accounts payable	104	15
Accrued and other current liabilities	(83)	(305)
Income taxes	35	27
Other	197	(117)
Net cash provided by operating activities	1,215	945
Cash flows from investing activities:
Capital expenditures	(372)	(351)
Proceeds from sale of property, plant, and equipment	2	63
Acquisition of businesses, net of cash acquired	(108)	(102)
Proceeds from divestiture of businesses, net of cash retained by businesses sold	51	16
Other	23	(9)
Net cash used in investing activities	(404)	(383)
Cash flows from financing activities:
Net decrease in commercial paper	(85)
Proceeds from issuance of debt	499	588
Repayment of debt	(591)	(558)
Proceeds from exercise of share options	20	30
Repurchase of common shares	(466)	(708)
Payment of common share dividends to shareholders	(355)	(326)
Other	(28)	(38)
Net cash used in financing activities	(1,006)	(1,012)
Effect of currency translation on cash	12	(4)
Net decrease in cash, cash equivalents, and restricted cash	(183)	(454)
Cash, cash equivalents, and restricted cash at beginning of fiscal period	1,088	1,203
Cash, cash equivalents, and restricted cash at end of fiscal period	$ 905	$ 749

Basis of Presentation

Basis of Presentation	6 Months Ended
	Mar. 31, 2023
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 30, 2022. Unless otherwise indicated, references in the Condensed Consolidated Financial Statements to fiscal 2023 and fiscal 2022 are to our fiscal years ending September 29, 2023 and ended September 30, 2022, respectively.

Restructuring and Other Charges

Restructuring and Other Charges, Net	6 Months Ended
	Mar. 31, 2023
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 ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Restructuring charges, net ​ $ 62 ​ $ 22 ​ $ 166 ​ $ 43 ​ Impairment of held for sale businesses and (gain) loss on divestitures, net ​ ​ 56 ​ ​ (1) ​ ​ 62 ​ ​ (10) ​ Other charges, net ​ 1 ​ — ​ 2 ​ — ​ Restructuring and other charges, net ​ $ 119 ​ $ 21 ​ $ 230 ​ $ 33 ​ ​ Restructuring Charges, Net Net restructuring and related charges by segment were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Transportation Solutions ​ $ 18 ​ $ 10 ​ $ 92 ​ $ 15 ​ Industrial Solutions ​ 36 ​ 10 ​ 42 ​ 18 ​ Communications Solutions ​ 8 ​ 2 ​ 32 ​ 10 ​ Restructuring charges, net ​ ​ 62 ​ ​ 22 ​ ​ 166 ​ ​ 43 ​ Plus: charges included in cost of sales (1) ​ ​ — ​ ​ — ​ ​ — ​ ​ 12 ​ Restructuring and related charges, net ​ $ 62 ​ $ 22 ​ $ 166 ​ $ 55 ​ (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 30, ​ ​ ​ ​ Changes in ​ Cash ​ Non-Cash ​ Currency ​ March 31, ​ ​ 2022 Charges Estimate Payments Items Translation 2023 ​ ​ (in millions) ​ Fiscal 2023 Actions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee severance ​ $ — ​ $ 155 ​ $ — ​ $ (18) ​ $ — ​ $ 2 ​ $ 139 ​ Facility and other exit costs ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ Property, plant, and equipment ​ ​ — ​ ​ 5 ​ ​ — ​ ​ — ​ ​ (5) ​ ​ — ​ ​ — ​ Total ​ ​ — ​ ​ 161 ​ ​ — ​ ​ (18) ​ ​ (5) ​ ​ 2 ​ ​ 140 ​ Fiscal 2022 Actions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee severance ​ ​ 108 ​ ​ 6 ​ ​ (7) ​ ​ (28) ​ ​ — ​ ​ 6 ​ ​ 85 ​ Facility and other exit costs ​ ​ 1 ​ ​ 6 ​ ​ — ​ ​ (3) ​ ​ — ​ ​ — ​ ​ 4 ​ Total ​ ​ 109 ​ ​ 12 ​ ​ (7) ​ ​ (31) ​ ​ — ​ ​ 6 ​ ​ 89 ​ Pre-Fiscal 2022 Actions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee severance ​ ​ 112 ​ ​ 4 ​ ​ (2) ​ ​ (27) ​ ​ — ​ ​ 8 ​ ​ 95 ​ Facility and other exit costs ​ ​ 7 ​ ​ — ​ ​ (2) ​ ​ (7) ​ ​ — ​ ​ 2 ​ ​ — ​ Total ​ ​ 119 ​ ​ 4 ​ ​ (4) ​ ​ (34) ​ ​ — ​ ​ 10 ​ ​ 95 ​ Total Activity ​ $ 228 ​ $ 177 ​ $ (11) ​ $ (83) ​ $ (5) ​ $ 18 ​ $ 324 ​ ​ Fiscal 2023 Actions During fiscal 2023, we initiated a restructuring program associated with cost structure improvements across all segments. During the six months ended March 31, 2023, we recorded restructuring charges of $161 million in connection with this program. We expect to complete all restructuring actions commenced during the six months ended March 31, 2023 by the end of fiscal 2025 and to incur additional charges of approximately $19 million related to employee severance, facility exit costs, and accelerated depreciation on property, plant, and equipment. The following table summarizes expected, incurred, and remaining charges for the fiscal 2023 program by segment as of March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ Cumulative ​ Remaining ​ ​ ​ Expected ​ Charges ​ Expected ​ ​ Charges Incurred Charges ​ ​ (in millions) ​ Transportation Solutions ​ $ 102 ​ $ 94 ​ $ 8 ​ Industrial Solutions ​ 54 ​ 44 ​ 10 ​ Communications Solutions ​ 24 ​ 23 ​ 1 ​ Total ​ $ 180 ​ $ 161 ​ $ 19 ​ ​ Fiscal 2022 Actions During fiscal 2022, we initiated a restructuring program associated with footprint consolidation and cost structure improvements across all segments. In connection with this program, during the six months ended March 31, 2023 and March 25, 2022, we recorded net restructuring and related charges of $5 million and $53 million, respectively. We expect to complete all restructuring actions commenced during fiscal 2022 by the end of fiscal 2024 and to incur additional charges of approximately $16 million related primarily to employee severance and facility exit costs. The following table summarizes expected, incurred, and remaining charges for the fiscal 2022 program by segment as of March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ Cumulative ​ Remaining ​ ​ ​ Expected ​ Charges ​ Expected ​ ​ Charges Incurred Charges ​ ​ ​ ​ ​ (in millions) ​ ​ ​ ​ Transportation Solutions ​ $ 96 ​ $ 88 ​ $ 8 ​ Industrial Solutions ​ 55 ​ 52 ​ 3 ​ Communications Solutions ​ 31 ​ 26 ​ 5 ​ Total ​ $ 182 ​ $ 166 ​ $ 16 ​ ​ Pre-Fiscal 2022 Actions During the six months ended March 25, 2022, we recorded net restructuring charges of $2 million related to pre-fiscal 2022 actions. We expect that any additional charges related to restructuring actions commenced prior to fiscal 2022 will be insignificant. Total Restructuring Reserves Restructuring reserves included on the Condensed Consolidated Balance Sheets were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ September 30, ​ ​ 2023 2022 ​ ​ (in millions) ​ Accrued and other current liabilities ​ $ 279 ​ $ 182 ​ Other liabilities ​ 45 ​ 46 ​ Restructuring reserves ​ $ 324 ​ $ 228 ​ ​ Divestitures During the six months ended March 31, 2023, we sold two businesses for net cash proceeds of $51 million. In connection with the divestitures, we recorded pre-tax impairment charges and a net pre-tax gain on sales, which totaled to a net charge of $2 million. The businesses sold were both reported in our Industrial Solutions segment. Additionally, during the six months ended March 31, 2023, we recorded a pre-tax impairment charge of $60 million in connection with a held for sale business in the Transportation Solutions segment. During the six months ended March 25, 2022, we sold two businesses for net cash proceeds of $16 million and recognized a net pre-tax gain of $10 million on the transactions. The businesses sold were reported in our Transportation Solutions and Industrial Solutions segments.

Acquisitions

Acquisitions	6 Months Ended
	Mar. 31, 2023
Acquisitions
Acquisitions	3. Acquisitions During the six months ended March 31, 2023, we acquired one business for a cash purchase price of $108 million, net of cash acquired. The acquisition was reported as part of our Industrial Solutions segment from the date of acquisition. We acquired one business for a cash purchase price of $127 million, net of cash acquired, during the six months ended March 25, 2022. The acquisition was reported as part of our Communications Solutions segment from the date of acquisition. Also during the six months ended March 25, 2022, we finalized the purchase price allocation of certain fiscal 2021 acquisitions, which included the recognition of $25 million of cash acquired.

Inventories

Inventories	6 Months Ended
	Mar. 31, 2023
Inventories
Inventories	4. Inventories Inventories consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ September 30, ​ ​ 2023 2022 ​ ​ (in millions) ​ Raw materials ​ $ 434 ​ $ 390 ​ Work in progress ​ 1,288 ​ 1,066 ​ Finished goods ​ 1,089 ​ 1,220 ​ Inventories ​ $ 2,811 ​ $ 2,676 ​ ​

Goodwill

Goodwill	6 Months Ended
	Mar. 31, 2023
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 30, 2022 (1) ​ $ 1,439 ​ $ 3,118 ​ $ 701 ​ $ 5,258 ​ Acquisition ​ ​ — ​ ​ 73 ​ ​ — ​ ​ 73 ​ Currency translation and other ​ 57 ​ 111 ​ 28 ​ 196 ​ March 31, 2023 (1) ​ $ 1,496 ​ $ 3,302 ​ $ 729 ​ $ 5,527 ​ (1) At March 31, 2023 and September 30, 2022, 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 six months ended March 31, 2023, we recognized goodwill in the Industrial Solutions segment in connection with a recent acquisition. See Note 3 for additional information regarding acquisitions.

Intangible Assets, Net

Intangible Assets, Net	6 Months Ended
	Mar. 31, 2023
Intangible Assets, Net
Intangible Assets, Net	6. Intangible Assets, Net Intangible assets consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ September 30, 2022 ​ ​ Gross ​ ​ Net Gross ​ ​ Net ​ ​ ​ Carrying ​ Accumulated ​ Carrying ​ Carrying ​ Accumulated ​ Carrying ​ ​ ​ Amount ​ Amortization ​ Amount ​ Amount ​ Amortization ​ Amount ​ ​ (in millions) ​ Customer relationships ​ $ 1,754 ​ $ (770) ​ $ 984 ​ $ 1,642 ​ $ (687) ​ $ 955 ​ Intellectual property ​ ​ 1,210 ​ ​ (919) ​ ​ 291 ​ ​ 1,174 ​ ​ (852) ​ ​ 322 ​ Other ​ 17 ​ (6) ​ 11 ​ 16 ​ (5) ​ 11 ​ Total ​ $ 2,981 ​ $ (1,695) ​ $ 1,286 ​ $ 2,832 ​ $ (1,544) ​ $ 1,288 ​ ​ Intangible asset amortization expense was $49 million for both the quarters ended March 31, 2023 and March 25, 2022, and $95 million and $97 million for the six months ended March 31, 2023 and March 25, 2022, respectively. At March 31, 2023, the aggregate amortization expense on intangible assets is expected to be as follows: ​ ​ ​ ​ ​ ​ (in millions) Remainder of fiscal 2023 ​ $ 97 ​ Fiscal 2024 ​ ​ 164 ​ Fiscal 2025 ​ 149 ​ Fiscal 2026 ​ 144 ​ Fiscal 2027 ​ 126 ​ Fiscal 2028 ​ 93 ​ Thereafter ​ 513 ​ Total ​ $ 1,286 ​ ​

Debt

Debt	6 Months Ended
	Mar. 31, 2023
Debt
Debt	7. Debt During the quarter ended March 31, 2023, Tyco Electronics Group S.A. (“TEGSA”), our wholly-owned subsidiary, issued $500 million aggregate principal amount of 4.50% senior notes due in February 2026. 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 quarter ended March 31, 2023, TEGSA repaid, at maturity, €550 million of 1.10% senior notes due in March 2023. As of March 31, 2023, TEGSA had $285 million of commercial paper outstanding at a weighted-average interest rate of 5.5%. TEGSA had $370 million of commercial paper outstanding at a weighted-average interest rate of 3.45% at September 30, 2022. The fair value of our debt, based on indicative valuations, was approximately $3,966 million and $3,990 million at March 31, 2023 and September 30, 2022, respectively.

Leases

Leases	6 Months Ended
	Mar. 31, 2023
Leases
Leases	8. Leases The components of lease cost were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ (in millions) Operating lease cost ​ $ 36 ​ $ 33 ​ $ 70 ​ $ 64 ​ Variable lease cost ​ ​ 13 ​ ​ 13 ​ ​ 25 ​ ​ 25 ​ Total lease cost ​ $ 49 ​ $ 46 ​ $ 95 ​ $ 89 ​ ​ Cash flow information, including significant non-cash transactions, related to leases was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ ​ ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ ​ 2023 2022 ​ (in millions) Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ Payments for operating leases (1) ​ $ 64 ​ $ 61 ​ ​ ​ ​ ​ ​ ​ ​ ​ Right-of-use assets, including modifications of existing leases, obtained in exchange for operating lease liabilities ​ ​ 56 ​ ​ 77 ​ (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	6 Months Ended
	Mar. 31, 2023
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 have been 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 the resulting investigations are ongoing. We have also been contacted by the U.S. Department of Justice concerning aspects of these matters. 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. Although 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 March 31, 2023, 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 March 31, 2023, we had outstanding letters of credit, letters of guarantee, and surety bonds of $171 million, excluding those related to our former 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 $58 million as of March 31, 2023 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	6 Months Ended
	Mar. 31, 2023
Financial Instruments
Financial Instruments	10. Financial Instruments Foreign Currency Exchange Rate Risk We may utilize cross-currency swap contracts to reduce our exposure to foreign currency exchange rate risk associated with certain intercompany loans. As of fiscal year end 2022, all such cross-currency swap contracts had been terminated or matured and were settled; additionally, all related collateral positions were settled. The impacts of these cross-currency swap contracts were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarter Ended ​ Six Months Ended ​ ​ ​ March 25, ​ March 25, ​ ​ ​ 2022 2022 ​ ​ ​ (in millions) ​ Losses recorded in other comprehensive income (loss) ​ $ (2) ​ $ (5) ​ Gains excluded from the hedging relationship (1) ​ 10 ​ 39 ​ (1) Gains excluded from the hedging relationship are recognized prospectively in selling, general, and administrative expenses and are offset by losses 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 $3,210 million and $1,658 million at March 31, 2023 and September 30, 2022, 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 $3,782 million and $1,873 million at March 31, 2023 and September 30, 2022, respectively. Under the terms of these contracts, we receive interest in U.S. dollars at a weighted-average rate of 1.61% per annum and pay no interest. Upon the maturity of these contracts at various dates through fiscal 2027, 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ September 30, ​ ​ 2023 2022 ​ ​ (in millions) ​ Prepaid expenses and other current assets ​ $ 43 ​ $ 55 ​ Other assets ​ 48 ​ 172 ​ Accrued and other current liabilities ​ ​ 5 ​ ​ — ​ Other liabilities ​ ​ 25 ​ ​ — ​ ​ The impacts of our hedge of net investment programs were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ ​ Quarters Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Foreign currency exchange gains (losses) on intercompany loans and external borrowings (1) ​ $ (51) ​ $ 80 ​ $ (216) ​ $ 188 ​ Gains (losses) on cross-currency swap contracts designated as hedges of net investment (1) ​ (19) ​ 33 ​ (156) ​ 70 ​ (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 fiscal 2022, we terminated forward starting interest rate swap contracts as a result of the issuance of our 2.50% senior notes due in 2032. The impacts of these forward starting interest rate swap contracts were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarter Ended ​ Six Months Ended ​ ​ ​ March 25, ​ March 25, ​ ​ 2022 2022 ​ ​ (in millions) ​ Gains recorded in other comprehensive income (loss) ​ $ 11 ​ $ 13 ​ ​ 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 $492 million and $566 million at March 31, 2023 and September 30, 2022, respectively, and were designated as cash flow hedges. These commodity swap contracts were recorded on the Condensed Consolidated Balance Sheets as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ September 30, ​ ​ 2023 2022 ​ ​ (in millions) ​ Prepaid expenses and other current assets ​ $ 28 ​ $ 2 ​ Other assets ​ 2 ​ — ​ Accrued and other current liabilities ​ ​ 10 ​ ​ 77 ​ Other liabilities ​ ​ 1 ​ ​ 7 ​ ​ The impacts of these commodity swap contracts were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Gains recorded in other comprehensive income (loss) ​ $ 31 ​ $ 46 ​ $ 78 $ 61 ​ Gains (losses) reclassified from accumulated other comprehensive income (loss) into cost of sales ​ ​ (9) ​ ​ 5 ​ ​ (38) ​ ​ 20 ​ ​ 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	6 Months Ended
	Mar. 31, 2023
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 ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Operating expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 6 ​ $ 10 ​ $ 2 ​ $ 2 ​ Other (income) expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 14 ​ 8 ​ 10 ​ 6 ​ Expected returns on plan assets ​ (11) ​ (14) ​ (10) ​ (12) ​ Amortization of net actuarial loss ​ 2 ​ 7 ​ 1 ​ 1 ​ Amortization of prior service credit ​ (1) ​ (2) ​ — ​ — ​ Net periodic pension benefit cost (credit) ​ $ 10 ​ $ 9 ​ $ 3 ​ $ (3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. Plans ​ U.S. Plans ​ ​ ​ For the ​ For the ​ ​ ​ Six Months Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Operating expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 13 ​ $ 20 ​ $ 4 ​ $ 4 ​ Other (income) expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 28 ​ 17 ​ 19 ​ 13 ​ Expected returns on plan assets ​ (22) ​ (29) ​ (19) ​ (24) ​ Amortization of net actuarial loss ​ 3 ​ 13 ​ 2 ​ 2 ​ Amortization of prior service credit ​ (2) ​ (3) ​ — ​ — ​ Net periodic pension benefit cost (credit) ​ $ 20 ​ $ 18 ​ $ 6 ​ $ (5) ​ ​ During the six months ended March 31, 2023, we contributed $21 million to our non-U.S. pension plans.

Income Taxes

Income Taxes	6 Months Ended
	Mar. 31, 2023
Income Taxes
Income Taxes	12. Income Taxes We recorded income tax expense of $100 million and $136 million for the quarters ended March 31, 2023 and March 25, 2022, respectively. The income tax expense for the quarter ended March 25, 2022 included $27 million of income tax expense related to the write-down of certain deferred tax assets to the lower tax rate enacted in the canton of Schaffhausen on December 27, 2021 and a $19 million income tax benefit related to the tax impacts of an intercompany transaction. We recorded income tax expense of $187 million and $246 million for the six months ended March 31, 2023 and March 25, 2022, respectively. The income tax expense for the six months ended March 25, 2022 included a $36 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 tax rate enacted in the canton of Schaffhausen. In addition, the income tax expense for the six months ended March 25, 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 six months ended March 25, 2022. During the quarter ended March 31, 2023, we completed tax returns for certain non-U.S. entities which resulted in the recognition of additional deferred tax assets for tax loss carryforwards of $313 million. As we do not expect these subsidiaries to generate sufficient future taxable income to realize the deferred tax assets, we recognized a corresponding increase Although it is difficult to predict the timing or results of our worldwide examinations, we estimate that, as of March 31, 2023, approximately $20 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 March 31, 2023.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Mar. 31, 2023
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 ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Basic ​ 316 ​ 325 ​ 317 ​ 326 ​ Dilutive impact of share-based compensation arrangements ​ 2 ​ 2 ​ 2 ​ 2 ​ Diluted ​ 318 ​ 327 ​ 319 ​ 328 ​ ​ The following 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Antidilutive share options 1 ​ 1 ​ 1 ​ 1 ​ ​

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Mar. 31, 2023
Shareholders' Equity
Shareholder' Equity	14. Shareholders’ Equity Common Shares In March 2023, our shareholders approved, for a period of one year ending March 15, 2024, our board of directors’ authorization to issue additional new shares to a maximum of 120% and/or reduce shares to a minimum of 80% of the existing share capital, subject to certain conditions specified in our articles of association. Common Shares Held in Treasury In March 2023, our shareholders approved the cancellation of approximately eight and a half Dividends We paid cash dividends to shareholders as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ Quarters Ended ​ Six Months Ended ​ March 31, March 25, March 31, March 25, ​ 2023 2022 2023 2022 Dividends paid per common share ​ $ 0.56 ​ $ 0.50 ​ $ 1.12 ​ $ 1.00 ​ ​ In March 2023, our shareholders approved a dividend payment to shareholders of $2.36 per share, payable in four equal quarterly installments of $0.59 per share beginning in the third quarter of fiscal 2023 and ending in the second quarter of fiscal 2024. Upon shareholders’ approval of a dividend payment, we record a liability with a corresponding charge to shareholders’ equity. At March 31, 2023 and September 30, 2022, the unpaid portion of the dividends recorded in accrued and other current liabilities on the Condensed Consolidated Balance Sheets totaled $744 million and $356 million, respectively. Share Repurchase Program Common shares repurchased under the share repurchase program were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ ​ ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ ​ 2023 2022 ​ ​ (in millions) ​ Number of common shares repurchased ​ 4 ​ 5 ​ Repurchase value $ 432 $ 752 ​ ​ At March 31, 2023, we had $1.2 billion of availability remaining under our share repurchase authorization.

Share Plans

Share Plans	6 Months Ended
	Mar. 31, 2023
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 ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Share-based compensation expense $ 31 $ 28 ​ $ 63 $ 60 ​ ​ As of March 31, 2023, there was $179 million of unrecognized compensation expense related to share-based awards, which is expected to be recognized over a weighted-average period of 1.7 years. During the quarter ended December 30, 2022, we granted the following share-based awards as part of our annual incentive plan grant: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grant-Date ​ ​ Shares Fair Value ​ ​ (in millions) ​ ​ ​ ​ Share options ​ 0.9 ​ $ 35.79 ​ Restricted share awards ​ 0.4 ​ 124.52 ​ Performance share awards ​ 0.2 ​ ​ 124.52 ​ ​ As of March 31, 2023, we had eight 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 31 % Risk-free interest rate ​ 4.0 % ​ Expected annual dividend per share ​ $ 2.24 ​ ​ Expected life of options (in years) ​ 5.1 ​ ​ ​

Segment and Geographic Data

Segment and Geographic Data	6 Months Ended
	Mar. 31, 2023
Segment and Geographic Data
Segment and Geographic Data	16. Segment and Geographic Data Effective for fiscal 2023, we realigned certain product lines from the Industrial Solutions segment to the Communications Solutions segment. We continue to operate through three reporting segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. The following segment information reflects our current segment reporting structure. Prior period segment results have been restated to conform to the current segment reporting structure. As a result of the realignment, $14 million million Net sales by segment (1) (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Transportation Solutions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Automotive ​ $ 1,795 ​ $ 1,653 ​ $ 3,444 ​ $ 3,173 ​ Commercial transportation ​ 405 ​ 394 ​ 753 ​ 759 ​ Sensors ​ 283 ​ 267 ​ 545 ​ 540 ​ Total Transportation Solutions ​ ​ 2,483 ​ ​ 2,314 ​ ​ 4,742 ​ ​ 4,472 ​ Industrial Solutions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial equipment ​ ​ 461 ​ ​ 465 ​ ​ 895 ​ ​ 920 ​ Aerospace, defense, and marine ​ 298 ​ 261 ​ 562 ​ 503 ​ Energy ​ 233 ​ 184 ​ 422 ​ 372 ​ Medical ​ ​ 199 ​ ​ 158 ​ ​ 372 ​ ​ 325 ​ Total Industrial Solutions ​ ​ 1,191 ​ ​ 1,068 ​ ​ 2,251 ​ ​ 2,120 ​ Communications Solutions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Data and devices ​ ​ 288 ​ ​ 392 ​ ​ 617 ​ ​ 748 ​ Appliances ​ 198 ​ 233 ​ 391 ​ 485 ​ Total Communications Solutions ​ ​ 486 ​ ​ 625 ​ ​ 1,008 ​ ​ 1,233 ​ Total ​ $ 4,160 ​ $ 4,007 ​ $ 8,001 ​ $ 7,825 ​ (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 ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Asia–Pacific: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Solutions ​ $ 861 ​ $ 883 ​ $ 1,785 ​ $ 1,811 ​ Industrial Solutions ​ 196 ​ 194 ​ 385 ​ 399 ​ Communications Solutions ​ ​ 242 ​ ​ 334 ​ ​ 536 ​ ​ 671 ​ Total Asia–Pacific ​ 1,299 ​ 1,411 ​ 2,706 ​ 2,881 ​ Europe/Middle East/Africa (“EMEA”): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Solutions ​ ​ 1,046 ​ ​ 899 ​ ​ 1,858 ​ ​ 1,670 ​ Industrial Solutions ​ 527 ​ 443 ​ 971 ​ 893 ​ Communications Solutions ​ 94 ​ 91 ​ 164 ​ 184 ​ Total EMEA ​ 1,667 ​ 1,433 ​ 2,993 ​ 2,747 ​ Americas: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Solutions ​ ​ 576 ​ ​ 532 ​ ​ 1,099 ​ ​ 991 ​ Industrial Solutions ​ 468 ​ 431 ​ 895 ​ 828 ​ Communications Solutions ​ ​ 150 ​ ​ 200 ​ ​ 308 ​ ​ 378 ​ Total Americas ​ 1,194 ​ 1,163 ​ 2,302 ​ 2,197 ​ Total ​ $ 4,160 ​ $ 4,007 ​ $ 8,001 ​ $ 7,825 ​ (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 ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Transportation Solutions ​ $ 333 ​ $ 409 ​ $ 615 ​ $ 804 ​ Industrial Solutions ​ ​ 134 ​ ​ 145 ​ ​ 290 ​ ​ 265 ​ Communications Solutions ​ ​ 70 ​ ​ 151 ​ ​ 134 ​ ​ 308 ​ Total ​ $ 537 ​ $ 705 ​ $ 1,039 ​ $ 1,377 ​ ​

Restructuring and Other Charg_2

Restructuring and Other Charges, Net (Tables)	6 Months Ended
	Mar. 31, 2023
Restructuring and Other Charges, Net
Schedule of net restructuring and other charges	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Restructuring charges, net ​ $ 62 ​ $ 22 ​ $ 166 ​ $ 43 ​ Impairment of held for sale businesses and (gain) loss on divestitures, net ​ ​ 56 ​ ​ (1) ​ ​ 62 ​ ​ (10) ​ Other charges, net ​ 1 ​ — ​ 2 ​ — ​ Restructuring and other charges, net ​ $ 119 ​ $ 21 ​ $ 230 ​ $ 33 ​
Net restructuring and related charges by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Transportation Solutions ​ $ 18 ​ $ 10 ​ $ 92 ​ $ 15 ​ Industrial Solutions ​ 36 ​ 10 ​ 42 ​ 18 ​ Communications Solutions ​ 8 ​ 2 ​ 32 ​ 10 ​ Restructuring charges, net ​ ​ 62 ​ ​ 22 ​ ​ 166 ​ ​ 43 ​ Plus: charges included in cost of sales (1) ​ ​ — ​ ​ — ​ ​ — ​ ​ 12 ​ Restructuring and related charges, net ​ $ 62 ​ $ 22 ​ $ 166 ​ $ 55 ​ (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 30, ​ ​ ​ ​ Changes in ​ Cash ​ Non-Cash ​ Currency ​ March 31, ​ ​ 2022 Charges Estimate Payments Items Translation 2023 ​ ​ (in millions) ​ Fiscal 2023 Actions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee severance ​ $ — ​ $ 155 ​ $ — ​ $ (18) ​ $ — ​ $ 2 ​ $ 139 ​ Facility and other exit costs ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ Property, plant, and equipment ​ ​ — ​ ​ 5 ​ ​ — ​ ​ — ​ ​ (5) ​ ​ — ​ ​ — ​ Total ​ ​ — ​ ​ 161 ​ ​ — ​ ​ (18) ​ ​ (5) ​ ​ 2 ​ ​ 140 ​ Fiscal 2022 Actions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee severance ​ ​ 108 ​ ​ 6 ​ ​ (7) ​ ​ (28) ​ ​ — ​ ​ 6 ​ ​ 85 ​ Facility and other exit costs ​ ​ 1 ​ ​ 6 ​ ​ — ​ ​ (3) ​ ​ — ​ ​ — ​ ​ 4 ​ Total ​ ​ 109 ​ ​ 12 ​ ​ (7) ​ ​ (31) ​ ​ — ​ ​ 6 ​ ​ 89 ​ Pre-Fiscal 2022 Actions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Employee severance ​ ​ 112 ​ ​ 4 ​ ​ (2) ​ ​ (27) ​ ​ — ​ ​ 8 ​ ​ 95 ​ Facility and other exit costs ​ ​ 7 ​ ​ — ​ ​ (2) ​ ​ (7) ​ ​ — ​ ​ 2 ​ ​ — ​ Total ​ ​ 119 ​ ​ 4 ​ ​ (4) ​ ​ (34) ​ ​ — ​ ​ 10 ​ ​ 95 ​ Total Activity ​ $ 228 ​ $ 177 ​ $ (11) ​ $ (83) ​ $ (5) ​ $ 18 ​ $ 324 ​
Restructuring reserves included on Consolidated Balance Sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ September 30, ​ ​ 2023 2022 ​ ​ (in millions) ​ Accrued and other current liabilities ​ $ 279 ​ $ 182 ​ Other liabilities ​ 45 ​ 46 ​ Restructuring reserves ​ $ 324 ​ $ 228 ​
Fiscal 2023 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 2023 program by segment as of March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ Cumulative ​ Remaining ​ ​ ​ Expected ​ Charges ​ Expected ​ ​ Charges Incurred Charges ​ ​ (in millions) ​ Transportation Solutions ​ $ 102 ​ $ 94 ​ $ 8 ​ Industrial Solutions ​ 54 ​ 44 ​ 10 ​ Communications Solutions ​ 24 ​ 23 ​ 1 ​ Total ​ $ 180 ​ $ 161 ​ $ 19 ​
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 March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ Cumulative ​ Remaining ​ ​ ​ Expected ​ Charges ​ Expected ​ ​ Charges Incurred Charges ​ ​ ​ ​ ​ (in millions) ​ ​ ​ ​ Transportation Solutions ​ $ 96 ​ $ 88 ​ $ 8 ​ Industrial Solutions ​ 55 ​ 52 ​ 3 ​ Communications Solutions ​ 31 ​ 26 ​ 5 ​ Total ​ $ 182 ​ $ 166 ​ $ 16 ​

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Mar. 31, 2023
Inventories
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ September 30, ​ ​ 2023 2022 ​ ​ (in millions) ​ Raw materials ​ $ 434 ​ $ 390 ​ Work in progress ​ 1,288 ​ 1,066 ​ Finished goods ​ 1,089 ​ 1,220 ​ Inventories ​ $ 2,811 ​ $ 2,676 ​

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Mar. 31, 2023
Goodwill
Changes in the carrying amount of goodwill by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Industrial Communications ​ ​ ​ ​ Solutions ​ Solutions ​ Solutions ​ Total ​ ​ ​ (in millions) ​ September 30, 2022 (1) ​ $ 1,439 ​ $ 3,118 ​ $ 701 ​ $ 5,258 ​ Acquisition ​ ​ — ​ ​ 73 ​ ​ — ​ ​ 73 ​ Currency translation and other ​ 57 ​ 111 ​ 28 ​ 196 ​ March 31, 2023 (1) ​ $ 1,496 ​ $ 3,302 ​ $ 729 ​ $ 5,527 ​ (1) At March 31, 2023 and September 30, 2022, 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)	6 Months Ended
	Mar. 31, 2023
Intangible Assets, Net
Schedule of finite-lived intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ September 30, 2022 ​ ​ Gross ​ ​ Net Gross ​ ​ Net ​ ​ ​ Carrying ​ Accumulated ​ Carrying ​ Carrying ​ Accumulated ​ Carrying ​ ​ ​ Amount ​ Amortization ​ Amount ​ Amount ​ Amortization ​ Amount ​ ​ (in millions) ​ Customer relationships ​ $ 1,754 ​ $ (770) ​ $ 984 ​ $ 1,642 ​ $ (687) ​ $ 955 ​ Intellectual property ​ ​ 1,210 ​ ​ (919) ​ ​ 291 ​ ​ 1,174 ​ ​ (852) ​ ​ 322 ​ Other ​ 17 ​ (6) ​ 11 ​ 16 ​ (5) ​ 11 ​ Total ​ $ 2,981 ​ $ (1,695) ​ $ 1,286 ​ $ 2,832 ​ $ (1,544) ​ $ 1,288 ​
Schedule of finite-lived intangible assets, future amortization expense	At March 31, 2023, the aggregate amortization expense on intangible assets is expected to be as follows: ​ ​ ​ ​ ​ ​ (in millions) Remainder of fiscal 2023 ​ $ 97 ​ Fiscal 2024 ​ ​ 164 ​ Fiscal 2025 ​ 149 ​ Fiscal 2026 ​ 144 ​ Fiscal 2027 ​ 126 ​ Fiscal 2028 ​ 93 ​ Thereafter ​ 513 ​ Total ​ $ 1,286 ​

Leases (Tables)

Leases (Tables)	6 Months Ended
	Mar. 31, 2023
Leases
Schedule of components of lease cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ (in millions) Operating lease cost ​ $ 36 ​ $ 33 ​ $ 70 ​ $ 64 ​ Variable lease cost ​ ​ 13 ​ ​ 13 ​ ​ 25 ​ ​ 25 ​ Total lease cost ​ $ 49 ​ $ 46 ​ $ 95 ​ $ 89 ​
Schedule of Cash Flow information, including significant non-cash transactions, related to leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ ​ ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ ​ 2023 2022 ​ (in millions) Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ Payments for operating leases (1) ​ $ 64 ​ $ 61 ​ ​ ​ ​ ​ ​ ​ ​ ​ Right-of-use assets, including modifications of existing leases, obtained in exchange for operating lease liabilities ​ ​ 56 ​ ​ 77 ​ (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)	6 Months Ended
	Mar. 31, 2023
Net investment hedges
Schedule of impacts of hedging program	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ ​ Quarters Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Foreign currency exchange gains (losses) on intercompany loans and external borrowings (1) ​ $ (51) ​ $ 80 ​ $ (216) ​ $ 188 ​ Gains (losses) on cross-currency swap contracts designated as hedges of net investment (1) ​ (19) ​ 33 ​ (156) ​ 70 ​ (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
Schedule of impacts of hedging program	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarter Ended ​ Six Months Ended ​ ​ ​ March 25, ​ March 25, ​ ​ ​ 2022 2022 ​ ​ ​ (in millions) ​ Losses recorded in other comprehensive income (loss) ​ $ (2) ​ $ (5) ​ Gains excluded from the hedging relationship (1) ​ 10 ​ 39 ​ (1) Gains excluded from the hedging relationship are recognized prospectively in selling, general, and administrative expenses and are offset by losses 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ September 30, ​ ​ 2023 2022 ​ ​ (in millions) ​ Prepaid expenses and other current assets ​ $ 43 ​ $ 55 ​ Other assets ​ 48 ​ 172 ​ Accrued and other current liabilities ​ ​ 5 ​ ​ — ​ Other liabilities ​ ​ 25 ​ ​ — ​
Forward starting interest rate swaps | Cash flow hedges
Schedule of impacts of hedging program	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarter Ended ​ Six Months Ended ​ ​ ​ March 25, ​ March 25, ​ ​ 2022 2022 ​ ​ (in millions) ​ Gains recorded in other comprehensive income (loss) ​ $ 11 ​ $ 13 ​
Commodity swap contracts | Cash flow hedges
Summary of fair value of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ September 30, ​ ​ 2023 2022 ​ ​ (in millions) ​ Prepaid expenses and other current assets ​ $ 28 ​ $ 2 ​ Other assets ​ 2 ​ — ​ Accrued and other current liabilities ​ ​ 10 ​ ​ 77 ​ Other liabilities ​ ​ 1 ​ ​ 7 ​
Schedule of impacts of hedging program	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Gains recorded in other comprehensive income (loss) ​ $ 31 ​ $ 46 ​ $ 78 $ 61 ​ Gains (losses) reclassified from accumulated other comprehensive income (loss) into cost of sales ​ ​ (9) ​ ​ 5 ​ ​ (38) ​ ​ 20 ​ ​

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Mar. 31, 2023
Retirement Plans
Net periodic pension benefit cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. Plans ​ U.S. Plans ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Quarters Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Operating expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 6 ​ $ 10 ​ $ 2 ​ $ 2 ​ Other (income) expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 14 ​ 8 ​ 10 ​ 6 ​ Expected returns on plan assets ​ (11) ​ (14) ​ (10) ​ (12) ​ Amortization of net actuarial loss ​ 2 ​ 7 ​ 1 ​ 1 ​ Amortization of prior service credit ​ (1) ​ (2) ​ — ​ — ​ Net periodic pension benefit cost (credit) ​ $ 10 ​ $ 9 ​ $ 3 ​ $ (3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. Plans ​ U.S. Plans ​ ​ ​ For the ​ For the ​ ​ ​ Six Months Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Operating expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 13 ​ $ 20 ​ $ 4 ​ $ 4 ​ Other (income) expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 28 ​ 17 ​ 19 ​ 13 ​ Expected returns on plan assets ​ (22) ​ (29) ​ (19) ​ (24) ​ Amortization of net actuarial loss ​ 3 ​ 13 ​ 2 ​ 2 ​ Amortization of prior service credit ​ (2) ​ (3) ​ — ​ — ​ Net periodic pension benefit cost (credit) ​ $ 20 ​ $ 18 ​ $ 6 ​ $ (5) ​

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Mar. 31, 2023
Weighted-average number of shares outstanding:
Schedule of weighted-average shares outstanding, basic and diluted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Basic ​ 316 ​ 325 ​ 317 ​ 326 ​ Dilutive impact of share-based compensation arrangements ​ 2 ​ 2 ​ 2 ​ 2 ​ Diluted ​ 318 ​ 327 ​ 319 ​ 328 ​
Schedule of antidilutive securities excluded from computation of earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Antidilutive share options 1 ​ 1 ​ 1 ​ 1 ​

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Mar. 31, 2023
Shareholders' Equity
Schedule of cash dividends to shareholders	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ Quarters Ended ​ Six Months Ended ​ March 31, March 25, March 31, March 25, ​ 2023 2022 2023 2022 Dividends paid per common share ​ $ 0.56 ​ $ 0.50 ​ $ 1.12 ​ $ 1.00 ​
Schedule of common shares repurchased	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ ​ ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ ​ 2023 2022 ​ ​ (in millions) ​ Number of common shares repurchased ​ 4 ​ 5 ​ Repurchase value $ 432 $ 752 ​

Share Plans (Tables)

Share Plans (Tables)	6 Months Ended
	Mar. 31, 2023
Share Plans
Share-based compensation expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Share-based compensation expense $ 31 $ 28 ​ $ 63 $ 60 ​
Summary of share-based award activity	During the quarter ended December 30, 2022, we granted the following share-based awards as part of our annual incentive plan grant: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grant-Date ​ ​ Shares Fair Value ​ ​ (in millions) ​ ​ ​ ​ Share options ​ 0.9 ​ $ 35.79 ​ Restricted share awards ​ 0.4 ​ 124.52 ​ Performance share awards ​ 0.2 ​ ​ 124.52 ​
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 31 % Risk-free interest rate ​ 4.0 % ​ Expected annual dividend per share ​ $ 2.24 ​ ​ Expected life of options (in years) ​ 5.1 ​ ​

Segment and Geographic Data (Ta

Segment and Geographic Data (Tables)	6 Months Ended
	Mar. 31, 2023
Segment and Geographic Data
Schedule of net sales by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Transportation Solutions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Automotive ​ $ 1,795 ​ $ 1,653 ​ $ 3,444 ​ $ 3,173 ​ Commercial transportation ​ 405 ​ 394 ​ 753 ​ 759 ​ Sensors ​ 283 ​ 267 ​ 545 ​ 540 ​ Total Transportation Solutions ​ ​ 2,483 ​ ​ 2,314 ​ ​ 4,742 ​ ​ 4,472 ​ Industrial Solutions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial equipment ​ ​ 461 ​ ​ 465 ​ ​ 895 ​ ​ 920 ​ Aerospace, defense, and marine ​ 298 ​ 261 ​ 562 ​ 503 ​ Energy ​ 233 ​ 184 ​ 422 ​ 372 ​ Medical ​ ​ 199 ​ ​ 158 ​ ​ 372 ​ ​ 325 ​ Total Industrial Solutions ​ ​ 1,191 ​ ​ 1,068 ​ ​ 2,251 ​ ​ 2,120 ​ Communications Solutions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Data and devices ​ ​ 288 ​ ​ 392 ​ ​ 617 ​ ​ 748 ​ Appliances ​ 198 ​ 233 ​ 391 ​ 485 ​ Total Communications Solutions ​ ​ 486 ​ ​ 625 ​ ​ 1,008 ​ ​ 1,233 ​ Total ​ $ 4,160 ​ $ 4,007 ​ $ 8,001 ​ $ 7,825 ​ (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 ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Asia–Pacific: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Solutions ​ $ 861 ​ $ 883 ​ $ 1,785 ​ $ 1,811 ​ Industrial Solutions ​ 196 ​ 194 ​ 385 ​ 399 ​ Communications Solutions ​ ​ 242 ​ ​ 334 ​ ​ 536 ​ ​ 671 ​ Total Asia–Pacific ​ 1,299 ​ 1,411 ​ 2,706 ​ 2,881 ​ Europe/Middle East/Africa (“EMEA”): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Solutions ​ ​ 1,046 ​ ​ 899 ​ ​ 1,858 ​ ​ 1,670 ​ Industrial Solutions ​ 527 ​ 443 ​ 971 ​ 893 ​ Communications Solutions ​ 94 ​ 91 ​ 164 ​ 184 ​ Total EMEA ​ 1,667 ​ 1,433 ​ 2,993 ​ 2,747 ​ Americas: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation Solutions ​ ​ 576 ​ ​ 532 ​ ​ 1,099 ​ ​ 991 ​ Industrial Solutions ​ 468 ​ 431 ​ 895 ​ 828 ​ Communications Solutions ​ ​ 150 ​ ​ 200 ​ ​ 308 ​ ​ 378 ​ Total Americas ​ 1,194 ​ 1,163 ​ 2,302 ​ 2,197 ​ Total ​ $ 4,160 ​ $ 4,007 ​ $ 8,001 ​ $ 7,825 ​ (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 ​ Six Months Ended ​ ​ ​ March 31, ​ March 25, ​ March 31, ​ March 25, ​ ​ 2023 2022 2023 2022 ​ ​ (in millions) ​ Transportation Solutions ​ $ 333 ​ $ 409 ​ $ 615 ​ $ 804 ​ Industrial Solutions ​ ​ 134 ​ ​ 145 ​ ​ 290 ​ ​ 265 ​ Communications Solutions ​ ​ 70 ​ ​ 151 ​ ​ 134 ​ ​ 308 ​ Total ​ $ 537 ​ $ 705 ​ $ 1,039 ​ $ 1,377 ​

Restructuring and Other Charg_3

Restructuring and Other Charges, Net - Restructuring and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Restructuring and other charges, net
Restructuring charges, net	$ 62	$ 22	$ 166	$ 43
Impairment of held for sale businesses and (gain) loss on divestitures, net	56	(1)	62	(10)
Other charges, net	1		2
Restructuring and other charges, net	119	21	230	33
Operating expenses
Restructuring and other charges, net
Restructuring charges, net	62	22	166	55
Restructuring charges, net
Restructuring and other charges, net
Restructuring charges, net	62	22	166	43
Restructuring charges, net | Transportation Solutions
Restructuring and other charges, net
Restructuring charges, net	18	10	92	15
Restructuring charges, net | Industrial Solutions
Restructuring and other charges, net
Restructuring charges, net	36	10	42	18
Restructuring charges, net | Communications Solutions
Restructuring and other charges, net
Restructuring charges, net	$ 8	$ 2	$ 32	10
Cost of sales
Restructuring and other charges, net
Restructuring charges, net				$ 12

Restructuring and Other Charg_4

Restructuring and Other Charges, Net - Restructuring Reserve Activity (Details) $ in Millions	6 Months Ended
	Mar. 31, 2023 USD ($)
Restructuring reserve
Restructuring reserve at the beginning of the period	$ 228
Charges	177
Changes in Estimate	(11)
Cash Payments	(83)
Non-Cash Items	(5)
Currency Translation	18
Restructuring reserve at the end of the period	324
Fiscal 2023 Actions
Restructuring reserve
Charges	161
Cash Payments	(18)
Non-Cash Items	(5)
Currency Translation	2
Restructuring reserve at the end of the period	140
Fiscal 2023 Actions | Employee severance
Restructuring reserve
Charges	155
Cash Payments	(18)
Currency Translation	2
Restructuring reserve at the end of the period	139
Fiscal 2023 Actions | Facility and other exit costs
Restructuring reserve
Charges	1
Restructuring reserve at the end of the period	1
Fiscal 2023 Actions | Property, plant, and equipment
Restructuring reserve
Charges	5
Non-Cash Items	(5)
Restructuring reserve at the end of the period	0
Fiscal 2022 Actions
Restructuring reserve
Restructuring reserve at the beginning of the period	109
Charges	12
Changes in Estimate	(7)
Cash Payments	(31)
Currency Translation	6
Restructuring reserve at the end of the period	89
Fiscal 2022 Actions | Employee severance
Restructuring reserve
Restructuring reserve at the beginning of the period	108
Charges	6
Changes in Estimate	(7)
Cash Payments	(28)
Currency Translation	6
Restructuring reserve at the end of the period	85
Fiscal 2022 Actions | Facility and other exit costs
Restructuring reserve
Restructuring reserve at the beginning of the period	1
Charges	6
Cash Payments	(3)
Restructuring reserve at the end of the period	4
Pre-Fiscal 2022 Actions
Restructuring reserve
Restructuring reserve at the beginning of the period	119
Charges	4
Changes in Estimate	(4)
Cash Payments	(34)
Currency Translation	10
Restructuring reserve at the end of the period	95
Pre-Fiscal 2022 Actions | Employee severance
Restructuring reserve
Restructuring reserve at the beginning of the period	112
Charges	4
Changes in Estimate	(2)
Cash Payments	(27)
Currency Translation	8
Restructuring reserve at the end of the period	95
Pre-Fiscal 2022 Actions | Facility and other exit costs
Restructuring reserve
Restructuring reserve at the beginning of the period	7
Changes in Estimate	(2)
Cash Payments	(7)
Currency Translation	2
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		6 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Restructuring Charges
Charges Incurred	$ 62	$ 22	$ 166	$ 43
Fiscal 2022 Actions
Restructuring Charges
Total Expected Charges	182		182
Cumulative Charges Incurred	166		166
Remaining Expected Charges	16		16
Charges Incurred			5	53
Fiscal 2022 Actions | Transportation Solutions
Restructuring Charges
Total Expected Charges	96		96
Cumulative Charges Incurred	88		88
Remaining Expected Charges	8		8
Fiscal 2022 Actions | Industrial Solutions
Restructuring Charges
Total Expected Charges	55		55
Cumulative Charges Incurred	52		52
Remaining Expected Charges	3		3
Fiscal 2022 Actions | Communications Solutions
Restructuring Charges
Total Expected Charges	31		31
Cumulative Charges Incurred	26		26
Remaining Expected Charges	5		5
Fiscal 2023 Actions
Restructuring Charges
Total Expected Charges	180		180
Cumulative Charges Incurred	161		161
Remaining Expected Charges	19		19
Charges Incurred			161
Fiscal 2023 Actions | Transportation Solutions
Restructuring Charges
Total Expected Charges	102		102
Cumulative Charges Incurred	94		94
Remaining Expected Charges	8		8
Fiscal 2023 Actions | Industrial Solutions
Restructuring Charges
Total Expected Charges	54		54
Cumulative Charges Incurred	44		44
Remaining Expected Charges	10		10
Fiscal 2023 Actions | Communications Solutions
Restructuring Charges
Total Expected Charges	24		24
Cumulative Charges Incurred	23		23
Remaining Expected Charges	$ 1		$ 1
Pre-Fiscal 2022 Actions
Restructuring Charges
Charges Incurred				$ 2

Restructuring and Other Charg_6

Restructuring and Other Charges, Net - Restructuring Reserve Balances (Details) - USD ($) $ in Millions	Mar. 31, 2023	Sep. 30, 2022
Restructuring reserves included on the Consolidated Balance Sheets
Accrued and other current liabilities	$ 279	$ 182
Other liabilities	45	46
Restructuring reserves	$ 324	$ 228

Restructuring and Other Charg_7

Restructuring and Other Charges, Net - Divestitures (Details) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023 USD ($)	Mar. 25, 2022 USD ($)	Mar. 31, 2023 USD ($) item	Mar. 25, 2022 USD ($) item
Divestitures, Not Discontinued Operation
Proceeds from divestiture of businesses, net of cash retained by businesses sold			$ 51	$ 16
Impairment of held for sale businesses and (gain) loss on divestitures, net	$ 56	$ (1)	62	$ (10)
Pre-tax impairment charge			67
Fiscal 2023 Divestitures | Transportation Solutions
Divestitures, Not Discontinued Operation
Pre-tax impairment charge			$ 60
Fiscal 2023 Divestitures | Industrial Solutions
Divestitures, Not Discontinued Operation
Number of Businesses Sold | item			2
Proceeds from divestiture of businesses, net of cash retained by businesses sold			$ 51
Impairment of held for sale businesses and (gain) loss on divestitures, net			$ 2
Fiscal 2022 Divestitures
Divestitures, Not Discontinued Operation
Number of Businesses Sold | item				2
Proceeds from divestiture of businesses, net of cash retained by businesses sold				$ 16
Net pre-tax gain on divestiture				$ 10

Acquisitions (Details)

Acquisitions (Details) $ in Millions	6 Months Ended
	Mar. 31, 2023 USD ($) item	Mar. 25, 2022 USD ($) item
Acquisitions
Net cash paid	$ 108	$ 102
2023 Acquisitions
Acquisitions
Number of businesses acquired | item	1
Net cash paid	$ 108
2022 Acquisitions
Acquisitions
Number of businesses acquired | item		1
Net cash paid		$ 127
2021 Acquisitions
Acquisitions
Customary net working capital settlement amount		$ 25

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2023	Sep. 30, 2022
Inventories
Raw materials	$ 434	$ 390
Work in progress	1,288	1,066
Finished goods	1,089	1,220
Inventories	$ 2,811	$ 2,676

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2023	Sep. 30, 2022
Goodwill:
Goodwill, beginning balance	$ 5,258
Acquisition	73
Currency translation and other	196
Goodwill, ending balance	5,527
Transportation Solutions
Goodwill:
Goodwill, beginning balance	1,439
Currency translation and other	57
Goodwill, ending balance	1,496
Accumulated impairment losses	3,091	$ 3,091
Industrial Solutions
Goodwill:
Goodwill, beginning balance	3,118
Acquisition	73
Currency translation and other	111
Goodwill, ending balance	3,302
Accumulated impairment losses	669	669
Communications Solutions
Goodwill:
Goodwill, beginning balance	701
Currency translation and other	28
Goodwill, ending balance	729
Accumulated impairment losses	$ 489	$ 489

Intangible Assets, Net (Details

Intangible Assets, Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022	Sep. 30, 2022
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 2,981		$ 2,981		$ 2,832
Accumulated Amortization	(1,695)		(1,695)		(1,544)
Net Carrying Amount	1,286		1,286		1,288
Finite-lived intangible assets, amortization expense	49	$ 49	95	$ 97
Aggregate amortization expense on intangible assets
Remainder of fiscal 2023	97		97
Fiscal 2024	164		164
Fiscal 2025	149		149
Fiscal 2026	144		144
Fiscal 2027	126		126
Fiscal 2028	93		93
Thereafter	513		513
Net Carrying Amount	1,286		1,286		1,288
Customer relationships
Finite-Lived Intangible Assets
Gross Carrying Amount	1,754		1,754		1,642
Accumulated Amortization	(770)		(770)		(687)
Net Carrying Amount	984		984		955
Aggregate amortization expense on intangible assets
Net Carrying Amount	984		984		955
Intellectual property
Finite-Lived Intangible Assets
Gross Carrying Amount	1,210		1,210		1,174
Accumulated Amortization	(919)		(919)		(852)
Net Carrying Amount	291		291		322
Aggregate amortization expense on intangible assets
Net Carrying Amount	291		291		322
Other
Finite-Lived Intangible Assets
Gross Carrying Amount	17		17		16
Accumulated Amortization	(6)		(6)		(5)
Net Carrying Amount	11		11		11
Aggregate amortization expense on intangible assets
Net Carrying Amount	$ 11		$ 11		$ 11

Debt - Summary (Details)

Debt - Summary (Details) € in Millions, $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2023 EUR (€)	Mar. 31, 2023 USD ($)	Mar. 25, 2022 USD ($)	Sep. 30, 2022 USD ($)
Debt
Fair value of debt		$ 3,966		$ 3,990
Repayment of debt		591	$ 558
Commercial paper
Debt
Commercial paper		$ 285		$ 370
Weighted-average interest rate (as a percent)		5.50%		3.45%
1.10% euro-denominated senior notes due 2023
Debt
Debt instrument, interest rate (as a percent)		1.10%
Repayment of debt | €	€ 550
4.50% senior notes due 2026
Debt
Debt instrument, interest rate (as a percent)		4.50%
Debt instrument principal amount		$ 500

Leases - Components of Lease Co

Leases - Components of Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Leases
Operating lease cost	$ 36	$ 33	$ 70	$ 64
Variable lease cost	13	13	25	25
Total lease cost	$ 49	$ 46	$ 95	$ 89

Leases - Cash Flow Information

Leases - Cash Flow Information (Details) - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2023	Mar. 25, 2022
Leases
Payments for operating leases	$ 64	$ 61
Right-of-use assets, including modifications of existing leases, obtained in exchange for operating lease liabilities	$ 56	$ 77

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Mar. 31, 2023 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	171
Discontinued Operations, Disposed of by Sale | Subsea Communications
Guarantees
Guarantor obligations, maximum exposure	$ 58

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022	Sep. 30, 2022
Cash flow hedges | Cross-currency swap contracts
Financial Instruments
Gains (losses) recorded in other comprehensive income (loss)		$ (2)		$ (5)
Gains (losses) excluded from the hedging relationship		$ 10		$ 39
Derivative, Excluded Component, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Selling, General and Administrative Expense		Selling, General and Administrative Expense
Cash flow hedges | Forward starting interest rate swaps
Financial Instruments
Gains (losses) recorded in other comprehensive income (loss)		$ 11		$ 13
Debt instrument, interest rate (as a percent)					2.50%
Cash flow hedges | Commodity swap contracts
Financial Instruments
Notional amount	$ 492		$ 492		$ 566
Gains (losses) recorded in other comprehensive income (loss)	31	46	78	61
Gains (losses) reclassified from accumulated other comprehensive income (loss) into cost of sales	(9)	5	(38)	20
Net investment hedges | Intercompany loans and external borrowings
Financial Instruments
Notional amount of non-derivative instruments	3,210				1,658
Foreign currency exchange gains (losses) on intercompany loans and external borrowings	(51)	80	(216)	188
Net investment hedges | Cross-currency swap contracts
Financial Instruments
Notional amount	$ 3,782		$ 3,782		1,873
Interest paid in foreign currency, fixed interest rate	0%		0%
Interest received in U.S. dollars, weighted-average fixed interest rate	1.61%		1.61%
Gains (losses) on cross-currency swap contracts designated as hedges of net investment	$ (19)	$ 33	$ (156)	$ 70
Prepaid expenses and other current assets | Cash flow hedges | Commodity swap contracts
Financial Instruments
Fair Value of Asset Positions	28		28		2
Prepaid expenses and other current assets | Net investment hedges | Cross-currency swap contracts
Financial Instruments
Fair Value of Asset Positions	43		43		55
Other assets | Cash flow hedges | Commodity swap contracts
Financial Instruments
Fair Value of Asset Positions	2		2
Other assets | Net investment hedges | Cross-currency swap contracts
Financial Instruments
Fair Value of Asset Positions	48		48		172
Accrued and other current liabilities | Cash flow hedges | Commodity swap contracts
Financial Instruments
Fair Value of Liability Positions	10		10		77
Accrued and other current liabilities | Net investment hedges | Cross-currency swap contracts
Financial Instruments
Fair Value of Liability Positions	5		5
Other liabilities | Cash flow hedges | Commodity swap contracts
Financial Instruments
Fair Value of Liability Positions	1		1		$ 7
Other liabilities | Net investment hedges | Cross-currency swap contracts
Financial Instruments
Fair Value of Liability Positions	$ 25		$ 25

Retirement Plans (Details)

Retirement Plans (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Net Periodic Postretirement Benefit Cost (Credit)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
Non-U.S. Plans
Net Periodic Postretirement Benefit Cost (Credit)
Service cost	$ 6	$ 10	$ 13	$ 20
Interest cost	14	8	28	17
Expected returns on plan assets	(11)	(14)	(22)	(29)
Amortization of net actuarial loss	2	7	3	13
Amortization of prior service credit	(1)	(2)	(2)	(3)
Net periodic pension benefit cost (credit)	10	9	20	18
Defined benefit plan, contributions by employer			21
U.S. Plans
Net Periodic Postretirement Benefit Cost (Credit)
Service cost	2	2	4	4
Interest cost	10	6	19	13
Expected returns on plan assets	(10)	(12)	(19)	(24)
Amortization of net actuarial loss	1	1	2	2
Net periodic pension benefit cost (credit)	$ 3	$ (3)	$ 6	$ (5)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Income Taxes
Income tax expense	$ 100	$ 136	$ 187	$ 246
Income tax benefit associated with intercompany transactions		19		36
Income tax expense related to the write-down of certain deferred tax assets to the lower corporate tax rate		$ 27		27
Income tax expense associated with income tax audit of pre-acquisition period of acquired entity				12
Other income associated with indemnification receivable				$ 11
Increase in Deferred Tax Assets For Tax Loss And Credit Carryforward	313
Increase In Valuation Allowance For Tax Loss And Credit Carryforwards	313
Unrecognized income tax benefits, approximate amount that could be resolved in next twelve months	$ 20		$ 20

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Weighted-average number of shares outstanding:
Basic (in shares)	316	325	317	326
Dilutive impact of share-based compensation arrangements (in shares)	2	2	2	2
Diluted (in shares)	318	327	319	328
Share options
Antidilutive shares excluded from computation of earnings per share
Antidilutive share options	1	1	1	1

Shareholders' Equity (Details)

Shareholders' Equity (Details) $ / shares in Units, shares in Millions, $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2023 USD ($) installment $ / shares shares	Mar. 31, 2023 USD ($) installment $ / shares	Mar. 25, 2022 USD ($) $ / shares	Mar. 31, 2023 USD ($) installment $ / shares shares	Mar. 25, 2022 USD ($) $ / shares shares	Sep. 30, 2022 USD ($)
Shareholders' Equity
Swiss Law Capital Band, Maximum Duration of Authorization	1 year
Swiss Law Capital Band, Maximum Percentage of Increase of Share Capital	120%
Swiss Law Capital Band, Maximum Percentage of Reduction of Share Capital	80%
Dividends paid per common share | $ / shares		$ 0.56	$ 0.50	$ 1.12	$ 1
Cancellation of treasury shares (in shares) | shares	8.5
Dividend or cash distribution approved (in currency per share) | $ / shares	$ 2.36
Number of quarterly dividend installments | installment	4	4		4
Cash distribution quarterly installment payable (in dollars per share) | $ / shares	$ 0.59	$ 0.59		$ 0.59
Unpaid portion of the dividend payment recorded in accrued and other current liabilities | $	$ 744	$ 744		$ 744		$ 356
Number of common shares repurchased | shares				4	5
Repurchase value | $		199	$ 506	$ 432	$ 752
Amount available for repurchase, at end of period | $	$ 1,200	$ 1,200		$ 1,200

Share Plans (Details)

Share Plans (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended			6 Months Ended
	Mar. 31, 2023	Dec. 30, 2022	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Share Based Compensation Arrangements:
Share-based compensation expense	$ 31		$ 28	$ 63	$ 60
Shares available for issuance	8			8
Share Based Compensation Expenses Not Recognized
Share-based compensation, share-based awards, total compensation expense not yet recognized	$ 179			$ 179
Share-based compensation, share-based awards, total compensation expense not yet recognized, expected period for recognition	1 year 8 months 12 days
Share options
Share Based Compensation Arrangements:
Share options granted		0.9
Options granted, grant-date fair value (in dollars per share)		$ 35.79
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology
Expected share price volatility (as a percent)		31%
Risk-free interest rate (as a percent)		4%
Expected annual dividend per share		$ 2.24
Expected life of options (in years)		5 years 1 month 6 days
Restricted share awards
Share Based Compensation Arrangements:
Shares granted		0.4
Shares granted, grant-date fair value (in dollars per share)		$ 124.52
Performance share awards
Share Based Compensation Arrangements:
Shares granted		0.2
Shares granted, grant-date fair value (in dollars per share)		$ 124.52

Segment and Geographic Data - N

Segment and Geographic Data - Net Sales by Segment and Industry End Market (Details) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023 USD ($) segment	Mar. 25, 2022 USD ($)	Mar. 31, 2023 USD ($)	Mar. 25, 2022 USD ($)
Segment and Geographic Data
Number of reportable segments | segment	3
Net sales	$ 4,160	$ 4,007	$ 8,001	$ 7,825
Transportation Solutions
Segment and Geographic Data
Net sales	2,483	2,314	4,742	4,472
Transportation Solutions | Automotive
Segment and Geographic Data
Net sales	1,795	1,653	3,444	3,173
Transportation Solutions | Commercial transportation
Segment and Geographic Data
Net sales	405	394	753	759
Transportation Solutions | Sensors
Segment and Geographic Data
Net sales	283	267	545	540
Industrial Solutions
Segment and Geographic Data
Net sales	1,191	1,068	2,251	2,120
Industrial Solutions | Adjustments
Segment and Geographic Data
Net sales				(14)
Industrial Solutions | Industrial equipment
Segment and Geographic Data
Net sales	461	465	895	920
Industrial Solutions | Aerospace, defense, and marine
Segment and Geographic Data
Net sales	298	261	562	503
Industrial Solutions | Energy
Segment and Geographic Data
Net sales	233	184	422	372
Industrial Solutions | Medical
Segment and Geographic Data
Net sales	199	158	372	325
Communications Solutions
Segment and Geographic Data
Net sales	486	625	1,008	1,233
Communications Solutions | Adjustments
Segment and Geographic Data
Net sales				14
Communications Solutions | Data and devices
Segment and Geographic Data
Net sales	288	392	617	748
Communications Solutions | Appliances
Segment and Geographic Data
Net sales	$ 198	$ 233	$ 391	$ 485

Segment and Geographic Data -_2

Segment and Geographic Data - Net Sales by Geographic Region and Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Segment and Geographic Data
Net sales	$ 4,160	$ 4,007	$ 8,001	$ 7,825
Transportation Solutions
Segment and Geographic Data
Net sales	2,483	2,314	4,742	4,472
Industrial Solutions
Segment and Geographic Data
Net sales	1,191	1,068	2,251	2,120
Communications Solutions
Segment and Geographic Data
Net sales	486	625	1,008	1,233
Total Asia-Pacific
Segment and Geographic Data
Net sales	1,299	1,411	2,706	2,881
Total Asia-Pacific | Transportation Solutions
Segment and Geographic Data
Net sales	861	883	1,785	1,811
Total Asia-Pacific | Industrial Solutions
Segment and Geographic Data
Net sales	196	194	385	399
Total Asia-Pacific | Communications Solutions
Segment and Geographic Data
Net sales	242	334	536	671
Total Europe/Middle East/Africa
Segment and Geographic Data
Net sales	1,667	1,433	2,993	2,747
Total Europe/Middle East/Africa | Transportation Solutions
Segment and Geographic Data
Net sales	1,046	899	1,858	1,670
Total Europe/Middle East/Africa | Industrial Solutions
Segment and Geographic Data
Net sales	527	443	971	893
Total Europe/Middle East/Africa | Communications Solutions
Segment and Geographic Data
Net sales	94	91	164	184
Total Americas
Segment and Geographic Data
Net sales	1,194	1,163	2,302	2,197
Total Americas | Transportation Solutions
Segment and Geographic Data
Net sales	576	532	1,099	991
Total Americas | Industrial Solutions
Segment and Geographic Data
Net sales	468	431	895	828
Total Americas | Communications Solutions
Segment and Geographic Data
Net sales	$ 150	$ 200	$ 308	$ 378

Segment and Geographic Data - O

Segment and Geographic Data - Operating Income (Loss) by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Segment and Geographic Data
Operating income (loss)	$ 537	$ 705	$ 1,039	$ 1,377
Transportation Solutions
Segment and Geographic Data
Operating income (loss)	333	409	615	804
Industrial Solutions
Segment and Geographic Data
Operating income (loss)	134	145	290	265
Industrial Solutions | Adjustments
Segment and Geographic Data
Operating income (loss)				(6)
Communications Solutions
Segment and Geographic Data
Operating income (loss)	$ 70	$ 151	$ 134	308
Communications Solutions | Adjustments
Segment and Geographic Data
Operating income (loss)				$ 6