Guarantor Financial Statements (Details) (USD $) | 3 Months Ended | 6 Months Ended |
In Millions, unless otherwise specified | Mar. 27, 2015 | Mar. 28, 2014 | Mar. 27, 2015 | Mar. 28, 2014 |
Statements of Operations | | | | | | | | |
Net revenue | $2,430 | [1] | $2,480 | [1] | $4,908 | [1] | $4,969 | [1] |
Cost of product sales | 999 | | 1,003 | | 2,021 | | 2,001 | |
Cost of services | 550 | | 575 | | 1,097 | | 1,150 | |
Selling, general and administrative expenses | 648 | | 635 | | 1,300 | | 1,205 | |
Separation Transaction Costs | 0 | | 1 | | 0 | | 1 | |
Restructuring and asset impairment charges, net | 12 | | 7 | | 70 | | 10 | |
Operating income | 221 | | 259 | | 420 | | 602 | |
Interest income | 4 | | 3 | | 7 | | 6 | |
Interest expense | -25 | | -25 | | -49 | | -49 | |
Other (expense) income, net | -1 | | -1 | | 3 | | -2 | |
Equity in net income of subsidiaries | 0 | | 0 | | 0 | | 0 | |
Intercompany interest and fees | 0 | | 0 | | 0 | | 0 | |
Income from continuing operations before income taxes | 199 | | 236 | | 381 | | 557 | |
Income tax expense | -18 | | -39 | | -37 | | -109 | |
Equity loss in earnings of unconsolidated subsidiaries | 0 | | -5 | | 0 | | -9 | |
Income from continuing operations | 181 | | 192 | | 344 | | 439 | |
(Loss) income from discontinued operations, net of income taxes | -16 | | 15 | | -18 | | 40 | |
Net income | 165 | | 207 | | 326 | | 479 | |
Less: noncontrolling interest in subsidiaries net (loss) income | -2 | | 0 | | -3 | | 2 | |
Net income attributable to Tyco ordinary shareholders | 167 | | 207 | | 329 | | 477 | |
Statement of Comprehensive Income | | | | | | | | |
Net income | 165 | | 207 | | 326 | | 479 | |
Other comprehensive (loss) income, net of tax | | | | | | | | |
Foreign currency translation | -176 | | -15 | | -374 | | -52 | |
Defined benefit and post retirement plans | 4 | | 4 | | 9 | | 7 | |
Total other comprehensive loss, net of tax | -172 | | -11 | | -365 | | -45 | |
Comprehensive income | -7 | | 196 | | -39 | | 434 | |
Less: comprehensive (loss) income attributable to noncontrolling interests | -2 | | 0 | | -3 | | 2 | |
Comprehensive income (loss) attributable to Tyco ordinary shareholders | -5 | | 196 | | -36 | | 432 | |
Cash Flows From Operating Activities: | | | | | | | | |
Net cash provided by (used in) operating activities | | | | | 262 | | 366 | |
Net cash provided by discontinued operating activities | | | | | 3 | | 77 | |
Cash Flows From Investing Activities: | | | | | | | | |
Capital expenditures | | | | | -123 | | -135 | |
Proceeds from disposal of assets | | | | | 3 | | 6 | |
Acquisition of businesses, net of cash acquired | -373 | | | | -525 | | -54 | |
Acquisition of dealer generated customer accounts and bulk account purchases | | | | | -8 | | -16 | |
Proceeds from Divestiture of Businesses, Net of Cash Divested | | | | | -1 | | 0 | |
Net Increase in Intercompany Loans | | | | | 0 | | 0 | |
Sales and maturities of investments | | | | | 279 | | 141 | |
Payments to Acquire Investments | | | | | -288 | | -40 | |
Increase (Decrease) in Restricted Cash | | | | | -39 | | 6 | |
Other | | | | | -1 | | 0 | |
Net cash used in investing activities | | | | | -703 | | -92 | |
Net cash used in discontinued investing activities | | | | | -15 | | -57 | |
Cash Flows From Financing Activities: | | | | | | | | |
Proceeds from issuance of short-term debt | | | | | | | 715 | |
Repayments of Debt | | | | | -1 | | -715 | |
Proceeds from Issuance of Debt | | | | | 567 | | | |
Proceeds from exercise of share options | | | | | 57 | | 62 | |
Dividends paid | | | | | -151 | | -148 | |
Repurchase of ordinary shares by treasury | | | | | -417 | | -250 | |
Net intercompany loan borrowings | | | | | 0 | | 0 | |
Transfer (to) from discontinued operations | | | | | -12 | | 20 | |
Payment of contingent consideration | | | | | -23 | | 0 | |
Other | | | | | -23 | | -10 | |
Net cash used in financing activities | | | | | -3 | | -326 | |
Net cash provided by (used in) discontinued financing activities | | | | | 12 | | -20 | |
Effect of currency translation on cash | | | | | -16 | | -16 | |
Net decrease in cash and cash equivalents | | | | | -460 | | -68 | |
Cash and cash equivalents at beginning of period | | | | | 892 | | 563 | |
Cash and cash equivalents at end of period | 432 | | 495 | | 432 | | 495 | |
Tyco International plc | | | | | | | | |
Statements of Operations | | | | | | | | |
Net revenue | | | | | 0 | | | |
Cost of product sales | | | | | 0 | | | |
Cost of services | | | | | 0 | | | |
Selling, general and administrative expenses | 2 | | 0 | | 5 | | -13 | |
Separation Transaction Costs | | | | | | | 0 | |
Restructuring and asset impairment charges, net | | | | | 0 | | | |
Operating income | -2 | | 0 | | -5 | | 13 | |
Interest income | 0 | | 0 | | 0 | | 0 | |
Interest expense | 0 | | 0 | | 0 | | 0 | |
Other (expense) income, net | 0 | | -2 | | 0 | | -3 | |
Equity in net income of subsidiaries | 152 | | 199 | | 295 | | 467 | |
Intercompany interest and fees | 17 | | 12 | | 39 | | 2 | |
Income from continuing operations before income taxes | 167 | | 209 | | 329 | | 479 | |
Income tax expense | 0 | | 0 | | 0 | | 0 | |
Income from continuing operations | 167 | | 209 | | 329 | | 479 | |
(Loss) income from discontinued operations, net of income taxes | 0 | | -2 | | 0 | | -2 | |
Net income | 167 | | 207 | | 329 | | 477 | |
Less: noncontrolling interest in subsidiaries net (loss) income | | | | | 0 | | | |
Net income attributable to Tyco ordinary shareholders | 167 | | 207 | | 329 | | 477 | |
Statement of Comprehensive Income | | | | | | | | |
Net income | 167 | | 207 | | 329 | | 477 | |
Other comprehensive (loss) income, net of tax | | | | | | | | |
Foreign currency translation | -176 | | -15 | | -374 | | -52 | |
Defined benefit and post retirement plans | 4 | | 4 | | 9 | | 7 | |
Total other comprehensive loss, net of tax | -172 | | -11 | | -365 | | -45 | |
Comprehensive income | -5 | | 196 | | -36 | | 432 | |
Less: comprehensive (loss) income attributable to noncontrolling interests | | | 0 | | | | 0 | |
Comprehensive income (loss) attributable to Tyco ordinary shareholders | -5 | | 196 | | -36 | | 432 | |
Cash Flows From Operating Activities: | | | | | | | | |
Net cash provided by (used in) operating activities | | | | | 20 | | -20 | |
Cash Flows From Investing Activities: | | | | | | | | |
Net cash used in investing activities | | | | | 0 | | 0 | |
Cash Flows From Financing Activities: | | | | | | | | |
Proceeds from exercise of share options | | | | | 50 | | | |
Dividends paid | | | | | -151 | | -148 | |
Net intercompany loan borrowings | | | | | 83 | | 168 | |
Transfer (to) from discontinued operations | | | | | | | 0 | |
Other | | | | | -2 | | | |
Net cash used in financing activities | | | | | -20 | | 20 | |
Net cash provided by (used in) discontinued financing activities | | | | | | | 0 | |
Tyco International Finance S.A. | | | | | | | | |
Condensed Financial Statements, Captions | | | | | | | | |
Ownership Percentage of Subsidiary by Parent | 100.00% | | | | 100.00% | | | |
Statements of Operations | | | | | | | | |
Net revenue | | | | | 0 | | | |
Cost of product sales | | | | | 0 | | | |
Cost of services | | | | | 0 | | | |
Selling, general and administrative expenses | 0 | | 1 | | 1 | | 2 | |
Separation Transaction Costs | | | | | | | 0 | |
Restructuring and asset impairment charges, net | | | | | 0 | | | |
Operating income | 0 | | -1 | | -1 | | -2 | |
Interest income | | | | | 0 | | | |
Interest expense | -24 | | -24 | | -48 | | -48 | |
Other (expense) income, net | -2 | | | | 2 | | | |
Equity in net income of subsidiaries | 160 | | 227 | | 287 | | 511 | |
Intercompany interest and fees | 24 | | 8 | | 51 | | 17 | |
Income from continuing operations before income taxes | 158 | | 210 | | 291 | | 478 | |
Income tax expense | 0 | | 0 | | 0 | | 0 | |
Income from continuing operations | 158 | | 210 | | 291 | | 478 | |
(Loss) income from discontinued operations, net of income taxes | | | | | 0 | | | |
Net income | 158 | | 210 | | 291 | | 478 | |
Less: noncontrolling interest in subsidiaries net (loss) income | | | | | 0 | | | |
Net income attributable to Tyco ordinary shareholders | 158 | | 210 | | 291 | | 478 | |
Statement of Comprehensive Income | | | | | | | | |
Net income | 158 | | 210 | | 291 | | 478 | |
Other comprehensive (loss) income, net of tax | | | | | | | | |
Foreign currency translation | 16 | | 0 | | 15 | | 0 | |
Defined benefit and post retirement plans | | | 0 | | 0 | | 0 | |
Total other comprehensive loss, net of tax | 16 | | 0 | | 15 | | 0 | |
Comprehensive income | 174 | | 210 | | 306 | | 478 | |
Less: comprehensive (loss) income attributable to noncontrolling interests | | | 0 | | | | 0 | |
Comprehensive income (loss) attributable to Tyco ordinary shareholders | 174 | | 210 | | 306 | | 478 | |
Cash Flows From Operating Activities: | | | | | | | | |
Net cash provided by (used in) operating activities | | | | | -504 | | 215 | |
Cash Flows From Investing Activities: | | | | | | | | |
Net Increase in Intercompany Loans | | | | | -59 | | -206 | |
Increase in investment in subsidiaries | | | | | | | -9 | |
Net cash used in investing activities | | | | | -59 | | -215 | |
Cash Flows From Financing Activities: | | | | | | | | |
Proceeds from issuance of short-term debt | | | | | | | 715 | |
Repayments of Debt | | | | | 0 | | -715 | |
Proceeds from Issuance of Debt | | | | | 567 | | | |
Transfer (to) from discontinued operations | | | | | | | 0 | |
Other | | | | | -4 | | | |
Net cash used in financing activities | | | | | 563 | | 0 | |
Other Subsidiaries | | | | | | | | |
Statements of Operations | | | | | | | | |
Net revenue | 2,430 | | 2,480 | | 4,908 | | 4,969 | |
Cost of product sales | 999 | | 1,003 | | 2,021 | | 2,001 | |
Cost of services | 550 | | 575 | | 1,097 | | 1,150 | |
Selling, general and administrative expenses | 646 | | 634 | | 1,294 | | 1,216 | |
Separation Transaction Costs | | | 1 | | | | 1 | |
Restructuring and asset impairment charges, net | 12 | | 7 | | 70 | | 10 | |
Operating income | 223 | | 260 | | 426 | | 591 | |
Interest income | 4 | | 3 | | 7 | | 6 | |
Interest expense | -1 | | -1 | | -1 | | -1 | |
Other (expense) income, net | 1 | | 1 | | 1 | | 1 | |
Equity in net income of subsidiaries | | | | | 0 | | | |
Intercompany interest and fees | -41 | | -20 | | -90 | | -19 | |
Income from continuing operations before income taxes | 186 | | 243 | | 343 | | 578 | |
Income tax expense | -18 | | -39 | | -37 | | -109 | |
Equity loss in earnings of unconsolidated subsidiaries | | | -5 | | | | -9 | |
Income from continuing operations | 168 | | 199 | | 306 | | 460 | |
(Loss) income from discontinued operations, net of income taxes | -16 | | 17 | | -18 | | 42 | |
Net income | 152 | | 216 | | 288 | | 502 | |
Less: noncontrolling interest in subsidiaries net (loss) income | -2 | | | | -3 | | 2 | |
Net income attributable to Tyco ordinary shareholders | 154 | | 216 | | 291 | | 500 | |
Statement of Comprehensive Income | | | | | | | | |
Net income | 152 | | 216 | | 288 | | 502 | |
Other comprehensive (loss) income, net of tax | | | | | | | | |
Foreign currency translation | -192 | | -15 | | -389 | | -52 | |
Defined benefit and post retirement plans | 4 | | 4 | | 9 | | 7 | |
Total other comprehensive loss, net of tax | -188 | | -11 | | -380 | | -45 | |
Comprehensive income | -36 | | 205 | | -92 | | 457 | |
Less: comprehensive (loss) income attributable to noncontrolling interests | -2 | | 0 | | -3 | | 2 | |
Comprehensive income (loss) attributable to Tyco ordinary shareholders | -34 | | 205 | | -89 | | 455 | |
Cash Flows From Operating Activities: | | | | | | | | |
Net cash provided by (used in) operating activities | | | | | 746 | | 171 | |
Net cash provided by discontinued operating activities | | | | | 3 | | 77 | |
Cash Flows From Investing Activities: | | | | | | | | |
Capital expenditures | | | | | -123 | | -135 | |
Proceeds from disposal of assets | | | | | 3 | | 6 | |
Acquisition of businesses, net of cash acquired | | | | | -525 | | -54 | |
Acquisition of dealer generated customer accounts and bulk account purchases | | | | | -8 | | -16 | |
Proceeds from Divestiture of Businesses, Net of Cash Divested | | | | | -1 | | | |
Net Increase in Intercompany Loans | | | | | 0 | | 0 | |
Sales and maturities of investments | | | | | 279 | | 141 | |
Payments to Acquire Investments | | | | | -288 | | -40 | |
Increase (Decrease) in Restricted Cash | | | | | -39 | | 6 | |
Other | | | | | -1 | | 0 | |
Net cash used in investing activities | | | | | -703 | | -92 | |
Net cash used in discontinued investing activities | | | | | -15 | | -57 | |
Cash Flows From Financing Activities: | | | | | | | | |
Repayments of Debt | | | | | -1 | | 0 | |
Proceeds from exercise of share options | | | | | 7 | | 62 | |
Dividends paid | | | | | | | 0 | |
Repurchase of ordinary shares by treasury | | | | | -417 | | -250 | |
Net intercompany loan borrowings | | | | | -24 | | 38 | |
Transfer (to) from discontinued operations | | | | | -12 | | 20 | |
Increase in equity from parent | | | | | | | 9 | |
Payment of contingent consideration | | | | | -23 | | | |
Other | | | | | -17 | | -10 | |
Net cash used in financing activities | | | | | -487 | | -131 | |
Net cash provided by (used in) discontinued financing activities | | | | | 12 | | -20 | |
Effect of currency translation on cash | | | | | -16 | | -16 | |
Net decrease in cash and cash equivalents | | | | | -460 | | -68 | |
Cash and cash equivalents at beginning of period | | | | | 892 | | 563 | |
Cash and cash equivalents at end of period | 432 | | 495 | | 432 | | 495 | |
Consolidating Adjustments | | | | | | | | |
Statements of Operations | | | | | | | | |
Net revenue | | | | | 0 | | | |
Cost of product sales | | | | | 0 | | | |
Cost of services | | | | | 0 | | | |
Selling, general and administrative expenses | | | | | 0 | | | |
Other (expense) income, net | | | | | 0 | | | |
Equity in net income of subsidiaries | -470 | | -426 | | -873 | | -978 | |
Intercompany interest and fees | 0 | | 0 | | 0 | | 0 | |
Income from continuing operations before income taxes | -470 | | -426 | | -873 | | -978 | |
Income from continuing operations | -470 | | -426 | | -873 | | -978 | |
(Loss) income from discontinued operations, net of income taxes | 0 | | 0 | | 0 | | 0 | |
Net income | -470 | | -426 | | -873 | | -978 | |
Less: noncontrolling interest in subsidiaries net (loss) income | | | | | 0 | | | |
Net income attributable to Tyco ordinary shareholders | -470 | | -426 | | -873 | | -978 | |
Statement of Comprehensive Income | | | | | | | | |
Net income | -470 | | -426 | | -873 | | -978 | |
Other comprehensive (loss) income, net of tax | | | | | | | | |
Foreign currency translation | 176 | | 15 | | 374 | | 52 | |
Defined benefit and post retirement plans | -4 | | -4 | | -9 | | -7 | |
Total other comprehensive loss, net of tax | 172 | | 11 | | 365 | | 45 | |
Comprehensive income | -298 | | -415 | | -508 | | -933 | |
Less: comprehensive (loss) income attributable to noncontrolling interests | | | 0 | | | | 0 | |
Comprehensive income (loss) attributable to Tyco ordinary shareholders | -298 | | -415 | | -508 | | -933 | |
Cash Flows From Investing Activities: | | | | | | | | |
Net Increase in Intercompany Loans | | | | | 59 | | 206 | |
Increase in investment in subsidiaries | | | | | | | 9 | |
Net cash used in investing activities | | | | | 59 | | 215 | |
Cash Flows From Financing Activities: | | | | | | | | |
Net intercompany loan borrowings | | | | | -59 | | -206 | |
Increase in equity from parent | | | | | | | -9 | |
Other | | | | | | | 0 | |
Net cash used in financing activities | | | | | -59 | | -215 | |
Net cash provided by (used in) discontinued financing activities | | | | | 0 | | 0 | |
Effect of currency translation on cash | | | | | | | 0 | |
Cash and cash equivalents at end of period | | | 0 | | | | 0 | |
Tyco Fire & Security Finance SCA [Member] | | | | | | | | |
Statements of Operations | | | | | | | | |
Net revenue | | | | | 0 | | | |
Cost of product sales | | | | | 0 | | | |
Cost of services | | | | | 0 | | | |
Selling, general and administrative expenses | 0 | | | | 0 | | | |
Restructuring and asset impairment charges, net | | | | | 0 | | | |
Operating income | 0 | | | | 0 | | | |
Interest income | 0 | | | | 0 | | | |
Interest expense | 0 | | | | 0 | | | |
Other (expense) income, net | 0 | | | | 0 | | | |
Equity in net income of subsidiaries | 158 | | | | 291 | | | |
Intercompany interest and fees | 0 | | | | 0 | | | |
Income from continuing operations before income taxes | 158 | | | | 291 | | | |
Income tax expense | 0 | | | | 0 | | | |
Income from continuing operations | 158 | | | | 291 | | | |
(Loss) income from discontinued operations, net of income taxes | 0 | | | | 0 | | | |
Net income | 158 | | | | 291 | | | |
Less: noncontrolling interest in subsidiaries net (loss) income | | | | | 0 | | | |
Net income attributable to Tyco ordinary shareholders | 158 | | | | 291 | | | |
Statement of Comprehensive Income | | | | | | | | |
Net income | 158 | | | | 291 | | | |
Other comprehensive (loss) income, net of tax | | | | | | | | |
Foreign currency translation | 0 | | | | 0 | | | |
Defined benefit and post retirement plans | 0 | | | | 0 | | | |
Total other comprehensive loss, net of tax | 0 | | | | 0 | | | |
Comprehensive income | 158 | | | | 291 | | | |
Comprehensive income (loss) attributable to Tyco ordinary shareholders | $158 | | | | $291 | | | |
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[1] | Net revenue by operating segment excludes intercompany transactions. |