Tyco International Finance S.A. (Details) (USD $) | 3 Months Ended |
In Millions, unless otherwise specified | Dec. 27, 2013 | Dec. 28, 2012 |
Condensed Financial Statements, Captions | ' | | ' | |
Increase (Decrease) Investment in Subsidiaries Restructuring | ' | | $5 | |
Statements of Operations | ' | | ' | |
Net revenue | 2,647 | [1] | 2,600 | [1] |
Cost of product sales | 1,023 | | 1,004 | |
Cost of services | 648 | | 664 | |
Selling, general and administrative expenses | 599 | | 682 | |
Separation costs | 0 | | 5 | |
Restructuring and asset impairment charges, net | 3 | | 10 | |
Operating income | 374 | | 235 | |
Interest income | 3 | | 4 | |
Interest expense | -24 | | -24 | |
Other expense, net | -1 | | -9 | |
Equity in net income of subsidiaries | 0 | | 0 | |
Intercompany interest and fees | 0 | | 0 | |
Income from continuing operations before income taxes | 352 | | 206 | |
Income tax expense | -76 | | -39 | |
Equity loss in earnings of unconsolidated subsidiaries | -4 | | -6 | |
Income from continuing operations | 272 | | 161 | |
Income from discontinued operations, net of income taxes | 0 | | 4 | |
Net income | 272 | | 165 | |
Less: noncontrolling interest in subsidiaries net income | 2 | | 2 | |
Net income attributable to Tyco common shareholders | 270 | | 163 | |
Statement of Comprehensive Income | ' | | ' | |
Net income | 272 | | 165 | |
Other comprehensive (loss) income, net of tax | ' | | ' | |
Foreign currency translation | -37 | | 11 | |
Defined benefit and post retirement plans | 3 | | 4 | |
Unrealized gain on marketable securities and derivative instruments | 0 | | 1 | |
Total other comprehensive (loss) income, net of tax | -34 | | 16 | |
Comprehensive income | 238 | | 181 | |
Less: comprehensive income attributable to noncontrolling interests | 2 | | 2 | |
Comprehensive income attributable to Tyco common shareholders | 236 | | 179 | |
Cash Flows From Operating Activities: | ' | | ' | |
Net cash provided by (used in) operating activities | 123 | | -39 | |
Net cash provided by discontinued operating activities | 0 | | 4 | |
Cash Flows From Investing Activities: | ' | | ' | |
Capital expenditures | -92 | | -90 | |
Proceeds from disposal of assets | 4 | | 3 | |
Acquisition of businesses, net of cash acquired | -54 | | -23 | |
Acquisition of dealer generated customer accounts and bulk account purchases | -11 | | -6 | |
Net increase in intercompany loans | 0 | | 0 | |
Increase in investment in subsidiaries | 0 | | ' | |
Sales and maturities of investments | 112 | | 11 | |
Net (increase) decrease in investments | -32 | | 11 | |
Payments to Acquire Investments | -32 | | -91 | |
Other | 6 | | 8 | |
Net cash used in investing activities | -67 | | -188 | |
Cash Flows From Financing Activities: | ' | | ' | |
Proceeds from issuance of short-term debt | 310 | | ' | |
Repayments of Debt | -150 | | 0 | |
Proceeds from exercise of share options | 40 | | 46 | |
Dividends paid | -74 | | -70 | |
Repurchase of common shares by treasury | -250 | | -50 | |
Net intercompany loan borrowings (repayments) | 0 | | 0 | |
Transfer to discontinued operations | 0 | | -29 | |
Increase in equity from parent | 0 | | ' | |
Other | -9 | | -16 | |
Net cash used in financing activities | -133 | | -119 | |
Net cash provided by discontinued financing activities | 0 | | 29 | |
Effect of currency translation on cash | -7 | | 3 | |
Net decrease in cash and cash equivalents | -84 | | -310 | |
Less: net (decrease) increase in cash and cash equivalents related to discontinued operations | 0 | | 33 | |
Cash and cash equivalents at beginning of period | 563 | | 844 | |
Cash and cash equivalents at end of period | 479 | | 501 | |
Tyco International Ltd. | ' | | ' | |
Statements of Operations | ' | | ' | |
Selling, general and administrative expenses | -13 | | 5 | |
Separation costs | ' | | 3 | |
Operating income | 13 | | -8 | |
Interest income | 0 | | ' | |
Interest expense | 0 | | ' | |
Other expense, net | -1 | | -10 | |
Equity in net income of subsidiaries | 268 | | 203 | |
Intercompany interest and fees | -10 | | -22 | |
Income from continuing operations before income taxes | 270 | | 163 | |
Income tax expense | ' | | 0 | |
Income from continuing operations | 270 | | 163 | |
Income from discontinued operations, net of income taxes | ' | | 0 | |
Net income | 270 | | 163 | |
Net income attributable to Tyco common shareholders | 270 | | 163 | |
Statement of Comprehensive Income | ' | | ' | |
Net income | 270 | | 163 | |
Other comprehensive (loss) income, net of tax | ' | | ' | |
Foreign currency translation | -37 | | 11 | |
Defined benefit and post retirement plans | 3 | | 4 | |
Unrealized gain on marketable securities and derivative instruments | 0 | | 1 | |
Total other comprehensive (loss) income, net of tax | -34 | | 16 | |
Comprehensive income | 236 | | 179 | |
Less: comprehensive income attributable to noncontrolling interests | ' | | 0 | |
Comprehensive income attributable to Tyco common shareholders | 236 | | 179 | |
Cash Flows From Operating Activities: | ' | | ' | |
Net cash provided by (used in) operating activities | 46 | | 60 | |
Cash Flows From Investing Activities: | ' | | ' | |
Net increase in intercompany loans | ' | | 0 | |
Net cash used in investing activities | ' | | 0 | |
Cash Flows From Financing Activities: | ' | | ' | |
Dividends paid | -74 | | -70 | |
Net intercompany loan borrowings (repayments) | 28 | | 10 | |
Transfer to discontinued operations | ' | | 0 | |
Increase in equity from parent | 0 | | ' | |
Net cash used in financing activities | -46 | | -60 | |
Net cash provided by discontinued financing activities | ' | | 0 | |
Tyco International Finance S.A. | ' | | ' | |
Condensed Financial Statements, Captions | ' | | ' | |
Ownership Percentage of Subsidiary by Parent | 100.00% | | ' | |
Statements of Operations | ' | | ' | |
Selling, general and administrative expenses | 1 | | 1 | |
Separation costs | ' | | 0 | |
Operating income | -1 | | -1 | |
Interest expense | -24 | | -24 | |
Equity in net income of subsidiaries | 208 | | 73 | |
Intercompany interest and fees | 9 | | 49 | |
Income from continuing operations before income taxes | 192 | | 97 | |
Income tax expense | 0 | | 0 | |
Income from continuing operations | 192 | | 97 | |
Net income | 192 | | 97 | |
Net income attributable to Tyco common shareholders | 192 | | 97 | |
Statement of Comprehensive Income | ' | | ' | |
Net income | 192 | | 97 | |
Other comprehensive (loss) income, net of tax | ' | | ' | |
Foreign currency translation | ' | | 0 | |
Defined benefit and post retirement plans | ' | | 0 | |
Unrealized gain on marketable securities and derivative instruments | 0 | | 0 | |
Total other comprehensive (loss) income, net of tax | ' | | 0 | |
Comprehensive income | 192 | | 97 | |
Less: comprehensive income attributable to noncontrolling interests | ' | | 0 | |
Comprehensive income attributable to Tyco common shareholders | 192 | | 97 | |
Cash Flows From Operating Activities: | ' | | ' | |
Net cash provided by (used in) operating activities | -136 | | 42 | |
Cash Flows From Investing Activities: | ' | | ' | |
Net increase in intercompany loans | -15 | | -10 | |
Increase in investment in subsidiaries | -9 | | ' | |
Net cash used in investing activities | -24 | | -10 | |
Cash Flows From Financing Activities: | ' | | ' | |
Proceeds from issuance of short-term debt | 310 | | ' | |
Repayments of Debt | -150 | | ' | |
Transfer to discontinued operations | ' | | -32 | |
Increase in equity from parent | 0 | | ' | |
Net cash used in financing activities | 160 | | -32 | |
Other Subsidiaries | ' | | ' | |
Statements of Operations | ' | | ' | |
Net revenue | 2,647 | | 2,600 | |
Cost of product sales | 1,023 | | 1,004 | |
Cost of services | 648 | | 664 | |
Selling, general and administrative expenses | 611 | | 676 | |
Separation costs | ' | | 2 | |
Restructuring and asset impairment charges, net | 3 | | 10 | |
Operating income | 362 | | 244 | |
Interest income | 3 | | 4 | |
Interest expense | 0 | | 0 | |
Other expense, net | 0 | | 1 | |
Intercompany interest and fees | 1 | | -27 | |
Income from continuing operations before income taxes | 366 | | 222 | |
Income tax expense | -76 | | -39 | |
Equity loss in earnings of unconsolidated subsidiaries | -4 | | -6 | |
Income from continuing operations | 286 | | 177 | |
Income from discontinued operations, net of income taxes | 0 | | 4 | |
Net income | 286 | | 181 | |
Less: noncontrolling interest in subsidiaries net income | 2 | | 2 | |
Net income attributable to Tyco common shareholders | 284 | | 179 | |
Statement of Comprehensive Income | ' | | ' | |
Net income | 286 | | 181 | |
Other comprehensive (loss) income, net of tax | ' | | ' | |
Foreign currency translation | -37 | | 11 | |
Defined benefit and post retirement plans | 3 | | 4 | |
Unrealized gain on marketable securities and derivative instruments | 0 | | 1 | |
Total other comprehensive (loss) income, net of tax | -34 | | 16 | |
Comprehensive income | 252 | | 197 | |
Less: comprehensive income attributable to noncontrolling interests | 2 | | 2 | |
Comprehensive income attributable to Tyco common shareholders | 250 | | 195 | |
Cash Flows From Operating Activities: | ' | | ' | |
Net cash provided by (used in) operating activities | 213 | | -141 | |
Net cash provided by discontinued operating activities | ' | | 4 | |
Cash Flows From Investing Activities: | ' | | ' | |
Capital expenditures | -92 | | -90 | |
Proceeds from disposal of assets | 4 | | 3 | |
Acquisition of businesses, net of cash acquired | -54 | | -23 | |
Acquisition of dealer generated customer accounts and bulk account purchases | -11 | | -6 | |
Net increase in intercompany loans | ' | | 0 | |
Sales and maturities of investments | 112 | | ' | |
Net (increase) decrease in investments | -32 | | 11 | |
Payments to Acquire Investments | ' | | -91 | |
Other | 6 | | 8 | |
Net cash used in investing activities | -67 | | -188 | |
Cash Flows From Financing Activities: | ' | | ' | |
Proceeds from issuance of short-term debt | 0 | | ' | |
Proceeds from exercise of share options | 40 | | 46 | |
Dividends paid | ' | | 0 | |
Repurchase of common shares by treasury | -250 | | -50 | |
Net intercompany loan borrowings (repayments) | -13 | | 0 | |
Transfer to discontinued operations | ' | | 3 | |
Increase in equity from parent | 9 | | ' | |
Other | -9 | | -16 | |
Net cash used in financing activities | -223 | | -17 | |
Net cash provided by discontinued financing activities | ' | | 29 | |
Effect of currency translation on cash | -7 | | 3 | |
Net decrease in cash and cash equivalents | -84 | | -310 | |
Less: net (decrease) increase in cash and cash equivalents related to discontinued operations | ' | | 33 | |
Cash and cash equivalents at beginning of period | 563 | | 844 | |
Cash and cash equivalents at end of period | 479 | | 501 | |
Consolidating Adjustments | ' | | ' | |
Statements of Operations | ' | | ' | |
Equity in net income of subsidiaries | -476 | | -276 | |
Intercompany interest and fees | ' | | 0 | |
Income from continuing operations before income taxes | -476 | | -276 | |
Income from continuing operations | -476 | | -276 | |
Income from discontinued operations, net of income taxes | ' | | 0 | |
Net income | -476 | | -276 | |
Net income attributable to Tyco common shareholders | -476 | | -276 | |
Statement of Comprehensive Income | ' | | ' | |
Net income | -476 | | -276 | |
Other comprehensive (loss) income, net of tax | ' | | ' | |
Foreign currency translation | 37 | | -11 | |
Defined benefit and post retirement plans | -3 | | -4 | |
Unrealized gain on marketable securities and derivative instruments | 0 | | -1 | |
Total other comprehensive (loss) income, net of tax | 34 | | -16 | |
Comprehensive income | -442 | | -292 | |
Less: comprehensive income attributable to noncontrolling interests | ' | | 0 | |
Comprehensive income attributable to Tyco common shareholders | -442 | | -292 | |
Cash Flows From Investing Activities: | ' | | ' | |
Net increase in intercompany loans | 15 | | 10 | |
Increase in investment in subsidiaries | 9 | | ' | |
Net cash used in investing activities | 24 | | 10 | |
Cash Flows From Financing Activities: | ' | | ' | |
Net intercompany loan borrowings (repayments) | -15 | | 10 | |
Increase in equity from parent | -9 | | ' | |
Other | ' | | 0 | |
Net cash used in financing activities | -24 | | 10 | |
Net cash provided by discontinued financing activities | ' | | 0 | |
Effect of currency translation on cash | ' | | 0 | |
Cash and cash equivalents at end of period | ' | | $0 | |
|
[1] | (1)B Net revenue by operating segment excludes intercompany transactions. |