Guarantor Financial Statements (Details) - USD ($) $ in Millions | 3 Months Ended | | |
Dec. 25, 2015 | Dec. 26, 2014 | Sep. 25, 2015 | Sep. 26, 2014 |
Statements of Operations | | | | |
Net revenue | $ 2,376 | $ 2,478 | | |
Cost of product sales | 962 | 1,022 | | |
Cost of services | 536 | 547 | | |
Selling, general and administrative expenses | 573 | 652 | | |
Restructuring and asset impairment charges, net | 12 | 58 | | |
Operating income | 293 | 199 | | |
Interest income | 4 | 3 | | |
Interest expense | (24) | (24) | | |
Other expense, net | (165) | 4 | | |
Equity in net income of subsidiaries | 0 | 0 | | |
Intercompany interest and fees | 0 | 0 | | |
Income from continuing operations before income taxes | 108 | 182 | | |
Income tax expense | (36) | (19) | | |
Income from continuing operations | 72 | 163 | | |
Income (loss) from discontinued operations, net of income taxes | 4 | (2) | | |
Net income | 76 | 161 | | |
Less: noncontrolling interest in subsidiaries net loss | 0 | (1) | | |
Net income attributable to Tyco ordinary shareholders | 76 | 162 | | |
Statement of Comprehensive Income | | | | |
Net income | 76 | 161 | | |
Other comprehensive (loss) income, net of tax | | | | |
Foreign currency translation | (43) | (198) | | |
Defined benefit and post retirement plans | 5 | 5 | | |
Unrealized gain on marketable securities and derivative instruments, net of tax | 1 | 0 | | |
Total other comprehensive loss, net of tax | (37) | (193) | | |
Comprehensive (loss) income | 39 | (32) | | |
Less: comprehensive loss attributable to noncontrolling interests | 0 | (1) | | |
Comprehensive income (loss) attributable to Tyco ordinary shareholders | 39 | (31) | | |
Cash Flows From Operating Activities: | | | | |
Net cash provided by operating activities | 189 | 95 | | |
Net cash provided by discontinued operating activities | 2 | 1 | | |
Cash Flows From Investing Activities: | | | | |
Capital expenditures | (68) | (66) | | |
Proceeds from disposal of assets | 0 | 1 | | |
Acquisition of businesses, net of cash acquired | (138) | (152) | | |
Acquisition of dealer generated customer accounts and bulk account purchases | (4) | (4) | | |
Net Increase in Intercompany Loans | 0 | 0 | | |
Sales and maturities of investments | 1 | 275 | | |
Payments to Acquire Investments | (7) | (1) | | |
Decrease (increase) in restricted cash | 5 | (45) | | |
Other | 0 | (1) | | |
Net cash (used in) provided by investing activities | (211) | 7 | | |
Net cash used in discontinued investing activities | 0 | (15) | | |
Cash Flows From Financing Activities: | | | | |
Proceeds from issuance of short-term debt | 817 | 0 | | |
Repayment of short-term debt | (666) | 0 | | |
Repayment of current portion of long-term debt | (1,134) | 0 | | |
Goodwill | 4,365 | | $ 4,234 | $ 4,119 |
Proceeds from exercise of share options | 11 | 33 | | |
Dividends paid | (87) | (75) | | |
Repurchase of ordinary shares by treasury | 0 | (417) | | |
Net intercompany loan repayments | 0 | 0 | | |
Transfer from (to) discontinued operations | 2 | (14) | | |
Payment of contingent consideration | 0 | (23) | | |
Other | (12) | (15) | | |
Net cash used in financing activities | (1,069) | (511) | | |
Net cash (used in) provided by discontinued financing activities | (2) | 14 | | |
Effect of currency translation on cash | (9) | (10) | | |
Net decrease in cash and cash equivalents | (1,100) | (419) | | |
Cash and cash equivalents at beginning of period | 1,401 | 892 | | |
Cash and cash equivalents at end of period | 301 | | | |
Tyco International plc | | | | |
Statements of Operations | | | | |
Selling, general and administrative expenses | 2 | 3 | | |
Operating income | (2) | (3) | | |
Interest income | 0 | 0 | | |
Interest expense | 0 | 0 | | |
Other expense, net | 0 | 0 | | |
Equity in net income of subsidiaries | 18 | 143 | | |
Intercompany interest and fees | 60 | 22 | | |
Income from continuing operations before income taxes | 76 | 162 | | |
Income tax expense | 0 | 0 | | |
Income from continuing operations | 76 | 162 | | |
Income (loss) from discontinued operations, net of income taxes | 0 | 0 | | |
Net income | 76 | 162 | | |
Net income attributable to Tyco ordinary shareholders | 76 | 162 | | |
Statement of Comprehensive Income | | | | |
Net income | 76 | 162 | | |
Other comprehensive (loss) income, net of tax | | | | |
Foreign currency translation | (43) | (198) | | |
Defined benefit and post retirement plans | 5 | 5 | | |
Unrealized gain on marketable securities and derivative instruments, net of tax | 1 | | | |
Total other comprehensive loss, net of tax | (37) | (193) | | |
Comprehensive (loss) income | 39 | (31) | | |
Less: comprehensive loss attributable to noncontrolling interests | | 0 | | |
Comprehensive income (loss) attributable to Tyco ordinary shareholders | 39 | (31) | | |
Cash Flows From Operating Activities: | | | | |
Net cash provided by operating activities | 87 | (34) | | |
Cash Flows From Investing Activities: | | | | |
Net cash (used in) provided by investing activities | 0 | 0 | | |
Cash Flows From Financing Activities: | | | | |
Proceeds from exercise of share options | 11 | 27 | | |
Dividends paid | (87) | (75) | | |
Net intercompany loan repayments | 0 | 84 | | |
Transfer from (to) discontinued operations | | 0 | | |
Other | (11) | (2) | | |
Net cash used in financing activities | $ (87) | 34 | | |
Net cash (used in) 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 | $ 0 | 1 | | |
Operating income | 0 | (1) | | |
Interest expense | (23) | (24) | | |
Other expense, net | (165) | 4 | | |
Equity in net income of subsidiaries | 179 | 127 | | |
Intercompany interest and fees | 25 | 27 | | |
Income from continuing operations before income taxes | 16 | 133 | | |
Income tax expense | 0 | 0 | | |
Income from continuing operations | 16 | 133 | | |
Net income | 16 | 133 | | |
Net income attributable to Tyco ordinary shareholders | 16 | 133 | | |
Statement of Comprehensive Income | | | | |
Net income | 16 | 133 | | |
Other comprehensive (loss) income, net of tax | | | | |
Foreign currency translation | 14 | (1) | | |
Defined benefit and post retirement plans | | 0 | | |
Unrealized gain on marketable securities and derivative instruments, net of tax | 0 | | | |
Total other comprehensive loss, net of tax | 14 | (1) | | |
Comprehensive (loss) income | 30 | 132 | | |
Less: comprehensive loss attributable to noncontrolling interests | | 0 | | |
Comprehensive income (loss) attributable to Tyco ordinary shareholders | 30 | 132 | | |
Cash Flows From Operating Activities: | | | | |
Net cash provided by operating activities | 968 | 72 | | |
Cash Flows From Investing Activities: | | | | |
Net Increase in Intercompany Loans | 15 | (72) | | |
Sales and maturities of investments | 0 | | | |
Payments to Acquire Investments | 0 | | | |
Net cash (used in) provided by investing activities | 15 | (72) | | |
Cash Flows From Financing Activities: | | | | |
Proceeds from issuance of short-term debt | 817 | | | |
Repayment of short-term debt | (666) | | | |
Repayment of current portion of long-term debt | (1,134) | | | |
Transfer from (to) discontinued operations | | 0 | | |
Other | 0 | | | |
Net cash used in financing activities | (983) | 0 | | |
Other Subsidiaries | | | | |
Statements of Operations | | | | |
Net revenue | 2,376 | 2,478 | | |
Cost of product sales | 962 | 1,022 | | |
Cost of services | 536 | 547 | | |
Selling, general and administrative expenses | 571 | 648 | | |
Restructuring and asset impairment charges, net | 12 | 58 | | |
Operating income | 295 | 203 | | |
Interest income | 4 | 3 | | |
Interest expense | (1) | 0 | | |
Other expense, net | 0 | 0 | | |
Intercompany interest and fees | (85) | (49) | | |
Income from continuing operations before income taxes | 213 | 157 | | |
Income tax expense | (36) | (19) | | |
Income from continuing operations | 177 | 138 | | |
Income (loss) from discontinued operations, net of income taxes | 4 | (2) | | |
Net income | 181 | 136 | | |
Less: noncontrolling interest in subsidiaries net loss | | (1) | | |
Net income attributable to Tyco ordinary shareholders | 181 | 137 | | |
Statement of Comprehensive Income | | | | |
Net income | 181 | 136 | | |
Other comprehensive (loss) income, net of tax | | | | |
Foreign currency translation | (57) | (197) | | |
Defined benefit and post retirement plans | 5 | 5 | | |
Unrealized gain on marketable securities and derivative instruments, net of tax | 1 | | | |
Total other comprehensive loss, net of tax | (51) | (192) | | |
Comprehensive (loss) income | 130 | (56) | | |
Less: comprehensive loss attributable to noncontrolling interests | 0 | (1) | | |
Comprehensive income (loss) attributable to Tyco ordinary shareholders | 130 | (55) | | |
Cash Flows From Operating Activities: | | | | |
Net cash provided by operating activities | (866) | 57 | | |
Net cash provided by discontinued operating activities | 2 | 1 | | |
Cash Flows From Investing Activities: | | | | |
Capital expenditures | (68) | (66) | | |
Proceeds from disposal of assets | | 1 | | |
Acquisition of businesses, net of cash acquired | (138) | (152) | | |
Acquisition of dealer generated customer accounts and bulk account purchases | (4) | (4) | | |
Net Increase in Intercompany Loans | 0 | 0 | | |
Sales and maturities of investments | 1 | 275 | | |
Payments to Acquire Investments | (7) | (1) | | |
Decrease (increase) in restricted cash | 5 | (45) | | |
Other | | (1) | | |
Net cash (used in) provided by investing activities | (211) | 7 | | |
Net cash used in discontinued investing activities | | (15) | | |
Cash Flows From Financing Activities: | | | | |
Proceeds from issuance of short-term debt | 0 | | | |
Repayment of short-term debt | 0 | | | |
Goodwill | 4,365 | | $ 4,234 | |
Proceeds from exercise of share options | 0 | 6 | | |
Dividends paid | | 0 | | |
Repurchase of ordinary shares by treasury | | (417) | | |
Net intercompany loan repayments | (15) | (12) | | |
Transfer from (to) discontinued operations | 2 | (14) | | |
Payment of contingent consideration | | (23) | | |
Other | (1) | (13) | | |
Net cash used in financing activities | (14) | (473) | | |
Net cash (used in) provided by discontinued financing activities | (2) | 14 | | |
Effect of currency translation on cash | (9) | (10) | | |
Net decrease in cash and cash equivalents | (1,100) | (419) | | |
Cash and cash equivalents at beginning of period | 1,401 | 892 | | |
Cash and cash equivalents at end of period | 301 | | | |
Consolidating Adjustments | | | | |
Statements of Operations | | | | |
Equity in net income of subsidiaries | (213) | (403) | | |
Intercompany interest and fees | 0 | 0 | | |
Income from continuing operations before income taxes | (213) | (403) | | |
Income from continuing operations | (213) | (403) | | |
Income (loss) from discontinued operations, net of income taxes | 0 | 0 | | |
Net income | (213) | (403) | | |
Net income attributable to Tyco ordinary shareholders | (213) | (403) | | |
Statement of Comprehensive Income | | | | |
Net income | (213) | (403) | | |
Other comprehensive (loss) income, net of tax | | | | |
Foreign currency translation | 43 | 198 | | |
Defined benefit and post retirement plans | (5) | (5) | | |
Unrealized gain on marketable securities and derivative instruments, net of tax | (1) | | | |
Total other comprehensive loss, net of tax | 37 | 193 | | |
Comprehensive (loss) income | (176) | (210) | | |
Less: comprehensive loss attributable to noncontrolling interests | | 0 | | |
Comprehensive income (loss) attributable to Tyco ordinary shareholders | (176) | (210) | | |
Cash Flows From Investing Activities: | | | | |
Net Increase in Intercompany Loans | (15) | 72 | | |
Net cash (used in) provided by investing activities | (15) | 72 | | |
Cash Flows From Financing Activities: | | | | |
Net intercompany loan repayments | 15 | (72) | | |
Other | | 0 | | |
Net cash used in financing activities | 15 | (72) | | |
Net cash (used in) provided by discontinued financing activities | 0 | 0 | | |
Effect of currency translation on cash | | 0 | | |
Tyco Fire & Security Finance SCA [Member] | | | | |
Statements of Operations | | | | |
Selling, general and administrative expenses | 0 | 0 | | |
Operating income | 0 | 0 | | |
Interest income | 0 | 0 | | |
Interest expense | 0 | 0 | | |
Other expense, net | 0 | 0 | | |
Equity in net income of subsidiaries | 16 | 133 | | |
Intercompany interest and fees | 0 | 0 | | |
Income from continuing operations before income taxes | 16 | 133 | | |
Income tax expense | 0 | 0 | | |
Income from continuing operations | 16 | 133 | | |
Income (loss) from discontinued operations, net of income taxes | 0 | 0 | | |
Net income | 16 | 133 | | |
Net income attributable to Tyco ordinary shareholders | 16 | 133 | | |
Statement of Comprehensive Income | | | | |
Net income | 16 | 133 | | |
Other comprehensive (loss) income, net of tax | | | | |
Foreign currency translation | 0 | 0 | | |
Defined benefit and post retirement plans | 0 | 0 | | |
Unrealized gain on marketable securities and derivative instruments, net of tax | 0 | | | |
Total other comprehensive loss, net of tax | 0 | 0 | | |
Comprehensive (loss) income | 16 | 133 | | |
Less: comprehensive loss attributable to noncontrolling interests | | 0 | | |
Comprehensive income (loss) attributable to Tyco ordinary shareholders | $ 16 | $ 133 | | |