10-Q

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 10-Q

 [X]     Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended June 29, 2013

or

 [   ]     Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Commission File Number 001-35672

BERRY PLASTICS GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware	20-5234618
(State or other jurisdiction   of incorporation or organization)	(IRS employer   identification number)
101 Oakley Street   Evansville, Indiana	47710
(Address of principal executive offices)	(Zip code)

Registrant’s telephone number, including area code:  (812) 424-2904  

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Name of Each Exchange on Which Registered
Common Stock, $0.01 par value per share	New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act:  None   

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes [   ]  No [X]  

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934.  Yes [  ]  No [ X]  

Indicate by check mark whether the registrant:  (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or such shorter period that the registrant was required to file such reports), and (2) have been subject to such filing requirements for the past 90 days.  Yes [X ]  No [  ]  

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).   Yes [ X]  No [  ]  

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K:  [  ]  

Indicate by check mark whether the registrant is a large accelerated filer, accelerated filer, or non-accelerated filer.  See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):          

      Large accelerated filer [     ]           Accelerated filer  [     ]              Non-accelerated filer [   X  ] Small reporting company [    ] 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act of 1934).             Yes[    ]   No[ X ]  

As of August 6, 2013, there were approximately 115,300,000 shares of the registrant’s common stock outstanding. 

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

This Form 10-Q includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with respect to our financial condition, results of operations and business and our expectations or beliefs concerning future events.  The forward-looking statements include, in particular, statements about our plans, strategies and prospects under the heading "Management’s Discussion and Analysis of Financial Condition and Results of Operations".  You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “would,” “could,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” or “anticipates” or similar expressions that relate to our strategy, plans or intentions.  All statements we make relating to our estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results or to our expectations regarding future industry trends are forward-looking statements.  In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments.  These forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those that we expected.  We derive many of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions.  While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our actual results.  All forward-looking statements are based upon information available to us on the date of this Form 10-Q. 

All forward-looking information and subsequent written and oral forward-looking statements attributable to us, or to persons acting on our behalf, are expressly qualified in their entirety by the cautionary statements.  Some of the factors that we believe could affect our results include: 

·   risks associated with our substantial indebtedness and debt service; 

·   changes in prices and availability of resin and other raw materials and our ability to pass on changes in raw material prices on a timely basis; 

·   performance of our business and future operating results; 

·   risks related to our acquisition strategy and integration of acquired businesses; 

·   reliance on unpatented know-how and trade secrets; 

·   increases in the cost of compliance with laws and regulations, including environmental, safety, and production and product laws and regulations; 

·   risks related to disruptions in the overall economy and the financial markets that may adversely impact our business; 

·   catastrophic loss of one of our key manufacturing facilities, natural disasters, and other unplanned business interruptions; 

·   risks of competition, including foreign competition, in our existing and future markets; 

·   general business and economic conditions, particularly an economic downturn; 

·   the ability of our insurance to cover fully our potential exposures; and

·   the other factors discussed in our Form 10-K for the fiscal year ended September 29, 2012 in the section titled “Risk Factors.” 

We caution readers that the foregoing list of important factors may not contain all of the material factors that are important to you.  In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this Form 10-Q may not in fact occur.  Accordingly, investors should not place undue reliance on those statements.  We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. 

Readers should carefully review the factors discussed in our Form 10-K for the fiscal year ended September 29, 2012 in the section titled “Risk Factors” and other risk factors identified from time to time in our periodic filings with the Securities and Exchange Commission (“SEC”).  We undertake no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.

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AVAILABLE INFORMATION

We make available, free of charge, our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments, if any, to those reports through our Internet website as soon as practicable after they have been electronically filed with or furnished to the SEC.  Our internet address is www.berryplastics.com.  The information contained on our website is not being incorporated herein.

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                                                                                                                Berry Plastics Group, Inc.

Form 10-Q Index

For Quarterly Period Ended June 29, 2013  

			Page No.
Part I.	Financial Information
	Item 1.	Financial Statements:
		Consolidated Balance Sheets	5
		Consolidated Statements of Operations and Comprehensive Income (Loss)	6
		Consolidated Statements of Changes in Stockholders’ Equity (Deficit)	7
		Consolidated Statements of Cash Flows	8
		Notes to Consolidated Financial Statements	9
	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	22
	Item 3.	Quantitative and Qualitative Disclosures about Market Risk	29
	Item 4.	Controls and Procedures	30
Part II.	Other Information
	Item 1.	Legal Proceedings	30
	Item 1A.	Risk Factors	31
	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	31
	Item 3.	Defaults Upon Senior Securities	31
	Item 4.	Mine Safety Disclosures	31
	Item 5.	Other Information	31
	Item 6.	Exhibits	31
	Signature		32

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Berry Plastics Group, Inc.

Consolidated Balance Sheets

 (in millions of dollars, except per share data)

	June 29,  2013			September 29, 2012
Assets	(Unaudited)
Current assets:
Cash and cash equivalents	$	25		$	87
Accounts receivable (less allowance of $3 at June 29, 2013 and September 29, 2012)		468			455
Inventories:
Finished goods		338			306
Raw materials and supplies		239			229
		577			535
Deferred income taxes		117			114
Prepaid expenses and other current assets		32			42
Total current assets		1,219			1,233
Property, plant, and equipment, net		1,263			1,216
Goodwill, intangible assets and deferred costs		2,551			2,636
Other assets		12			21
Total assets....	$	5,045		$	5,106
Liabilities and stockholders’ equity (deficit)
Current liabilities:
Accounts payable	$	315		$	306
Accrued expenses and other current liabilities		298			300
Current portion of long-term debt		56			40
Total current liabilities		669			646
Long-term debt, less current portion		3,886			4,431
Deferred income taxes		347			315
Other long-term liabilities		394			166
Total liabilities		5,296			5,558
Commitments and contingencies
Redeemable shares		—			23
Stockholders’ equity (deficit):
Common stock; ($0.01 par value;  400,000,000 shares authorized; 115,149,691 shares issued and 115,079,207 shares outstanding as of June 29, 2013; 84,696,218 issued and 83,209,232 outstanding as of September 29, 2012)		1			1
Paid-in capital		319			131
Notes receivable—common stock		—			(2	)
Non-controlling interest		3			3
Accumulated deficit		(530	)		(561	)
Accumulated other comprehensive loss		(44	)		(47	)
Total stockholders’ equity (deficit)		(251	)		(475	)
Total liabilities and stockholders’ equity (deficit)	$	5,045		$	5,106

See notes to consolidated financial statements.

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Berry Plastics Group, Inc.

Consolidated Statements of Operations and Comprehensive Income (Loss)

(Unaudited)

(in millions of dollars, except per share data)

	Quarterly Period Ended					Three Quarterly Periods Ended
	June 29,  2013			June 30, 2012		June 29,  2013			June 30, 2012
Net sales	$	1,221		$	1,242	$	3,443		$	3,562
Costs and expenses:
Cost of goods sold		998			1,035		2,829			2,999
Selling, general and administrative		78			78		230			234
Amortization of intangibles		27			27		81			81
Restructuring and impairment charges		1			4		7			30
Operating income		117			98		296			218
Debt extinguishment		—			—		64			—
Other expense (income), net		(2	)		—		(6	)		(1	)
Interest expense, net		57			82		188			247
Income (loss) before income taxes		62			16		50			(28	)
Income tax expense (benefit)		22			7		19			(8	)
Net income (loss)	$	40		$	9	$	31		$	(20	)
Net income (loss) per share:
Basic	$	0.35		$	0.11	$	0.27		$	(0.24	)
Diluted		0.33			0.11		0.26			(0.24	)
Weighted-average number of shares outstanding: (in thousands)
Basic		114,132			83,190		112,839			83,508
Diluted		120,551			85,471		118,708			83,508
Comprehensive income (loss)	$	45		$	4	$	34		$	(16	)

See notes to consolidated financial statements.

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Berry Plastics Group, Inc.

Consolidated Statement of Changes in Stockholders’ Equity (Deficit)

For the Three Quarterly Periods Ended June 29, 2013 and June 30, 2012

(Unaudited)

(in millions of dollars)

	Common Stock		Paid-in Capital			Notes Receivable-Common Stock			Non-controlling Interest		Accumulated Other Comprehensive Loss			Accumulated Deficit			Total
Balance at October 1, 2011	$	1	$	142		$	(2	)	$	3	$	(48	)	$	(563	)	$	(467	)
Redeemable shares		—		(6	)		—			—		—			—			(6	)
Stock compensation expense		—		2			—			—		—			—			2
Derivative amortization		—		—			—			—		2			—			2
Currency translation		—		—			—			—		2			—			2
Net loss		—		—			—			—		—			(20	)		(20	)
Balance at June 30, 2012		1		138			(2	)		3		(44	)		(583	)		(487	)
Balance at September 29, 2012	$	1	$	131		$	(2	)	$	3	$	(47	)	$	(561	)	$	(475	)
Proceeds from issuance of common stock		—		21			—			—		—			—			21
Stock compensation expense		—		6			—			—		—			—			6
Repayment of note receivable		—		—			2			—		—			—			2
Termination of redeemable shares redemption requirement		—		23			—			—		—			—			23
Proceeds from initial public offering		—		438			—			—		—			—			438
Initial obligation under tax receivable agreement		—		(300	)		—			—		—			—			(300	)
Derivative amortization		—		—			—			—		2			—			3
Interest rate hedge, net of tax		—		—			—			—		10			—			9
Net income		—		—			—			—		—			31			31
Currency translation		—		—			—			—		(9	)		—			(9	)
Balance at June 29, 2013	$	1	$	319		$	—		$	3	$	(44	)	$	(530	)	$	(251	)

See notes to consolidated financial statements.

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Berry Plastics Group, Inc.

Consolidated Statements of Cash Flows

(Unaudited)

(in millions of dollars)

	Three Quarterly Periods Ended
	June 29, 2013			June 30, 2012
Cash Flows from Operating Activities:
Net income (loss) ...	$	31		$	(20	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation		177			182
Amortization of intangibles		81			81
Non-cash interest expense		11			18
Deferred income tax expense (benefit)		18			(10	)
Loss on disposal and impairment of assets		—			20
Debt extinguishment		64			—
Settlement of interest rate hedge		16			—
Other non-cash expense (income)		—			2
Changes in operating assets and liabilities:
Accounts receivable, net		(13	)		37
Inventories		(41	)		4
Prepaid expenses and other assets		13			(5	)
Accounts payable and other liabilities		(60	)		(31	)
Net cash from operating activities		297			278
Cash Flows from Investing Activities:
Additions to property, plant and equipment		(179	)		(167	)
Proceeds from sale of assets		5			9
Acquisition of businesses, net of cash acquired		(24	)		(55	)
Net cash from investing activities		(198	)		(213	)
Cash Flows from Financing Activities:
Proceeds from long-term borrowings		1,391			—
Repayments on long-term borrowings		(1,968	)		(62	)
Proceeds from issuance of common stock		21			—
Repayment of notes receivable		2			—
Purchases of common stock		—			(6	)
Payment of tax receivable agreement		(5	)		—
Debt financing costs		(39	)		—
Proceeds from initial public offering		438			—
Net cash from financing activities		(160	)		(68	)
Effect of exchange rate changes on cash		(1	)		(1	)
Net change in cash		(62	)		(4	)
Cash and cash equivalents at beginning of period		87			42
Cash and cash equivalents at end of period	$	25		$	38

See notes to consolidated financial statements.

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Berry Plastics Group, Inc.

Notes to Consolidated Financial Statements

(Unaudited)

(tables in millions of dollars, except per share data)

1.  Background

Berry Plastics Group, Inc. (“Berry” or the “Company”) is a leading provider of value-added plastic consumer packaging and engineered materials with a track record of delivering high-quality customized solutions to our customers.  Representative examples of our products include thermoform drink cups, thin-wall containers, blow-molded bottles, specialty closures, prescription vials, specialty plastic films, adhesives and corrosion protection materials.  We sell our solutions predominantly into consumer-oriented end-markets, such as food and beverage, healthcare and personal care.   

2.  Basis of Presentation

Berry, through its wholly-owned subsidiaries operates in four primary segments:  Rigid Open Top, Rigid Closed Top, Engineered Materials, and Flexible Packaging.  The Company’s customers are located principally throughout the United States, without significant concentration in any one region or with any one customer.  The accompanying unaudited Consolidated Financial Statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) pursuant to the rules and regulations of the Securities and Exchange Commission for interim reporting.  Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.  In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included.  Operating results for the periods presented are not necessarily indicative of the results that may be expected for the full fiscal year.  For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Form 10-K filed with the Securities and Exchange Commission for the fiscal year end September 29, 2012.  All intercompany transactions have been eliminated.  The Company issued financial statements by filing with the Securities and Exchange Commission and has evaluated subsequent events up to the time of the filing.

Reclassification Adjustments

Certain amounts in the prior year financial statements have been reclassified to conform to the current year presentation.  The Company historically presented Other operating expenses in its Consolidated Statements of Operations, which consisted predominately of business optimization costs and management fees to affiliates of Apollo and Graham.  The Company has eliminated separate presentation of Other operating expenses from its Consolidated Statements of Operations to better align with the way the Company is reviewing its operating results.  For the quarterly periods and three quarterly periods ended June 29, 2013 and June 30, 2012 business optimization costs were $2 million and $7 million and $13 million and $27 million, respectively and are included in Cost of goods sold.  The Company recorded management fees of $2 million and $7 million for the quarterly period and three quarterly periods ended June 30, 2012, respectively and are included in Selling, general and administrative expense.  The Company’s management fee agreement with Apollo and other investors terminated upon completion of the initial public offering.

Initial Public Offering

In October 2012, the Company filed an initial public offering and sold 29,411,764 shares of common stock at $16.00 per share.  In conjunction with the initial public offering the Company executed a 12.25 for one stock split of the Company’s common stock.  The effect of the stock split on outstanding shares and earnings per share has been retroactively applied to all periods presented.  Transaction fees totaling $33 million were included in Paid-in capital on the Consolidated Balance Sheets.  Proceeds, net of transaction fees, of $438 million and cash from operations were used to repurchase $455 million of 11% Senior Subordinated Notes due September 2016.  As part of the repurchase the Company paid premiums of $13 million and wrote-off $3 million of deferred financing fees.

Secondary Public Offering

In April 2013, we completed a secondary public offering in which certain funds affiliated with Apollo and Graham sold 18,975,000 shares of common stock at $17.00 per share, which included 2,475,000 shares purchased by the underwriters upon the exercise in full of their option to purchase additional shares.  The selling stockholders received proceeds from the offering, which, net of underwriting fees, totaled $311 million.  The Company received no proceeds and incurred fees of $1 million related to this offering.

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Tax Receivable Agreement

In connection with the initial public offering, the Company entered into an income tax receivable agreement ("TRA") that provides for the payment to pre-initial public offering stockholders, option holders and holders of our stock appreciation rights, 85% of the amount of cash savings, if any, in U.S. federal, foreign, state and local income tax that are actually realized (or are deemed to be realized in the case of a change of control) as a result of the utilization of our and our subsidiaries’ net operating losses attributable to periods prior to the initial public offering.  The Company expects to pay between $300 million and $350 million in cash related to this agreement.  This range is based on the Company's assumptions using various items, including valuation analysis and current tax law.  Upon the effective date of the TRA, the Company recorded an initial obligation of $300 million which is recognized as a reduction of Paid-in capital on the Consolidated Balance Sheet as of June 29, 2013.  Changes in the recorded net deferred income tax assets will result in changes in the TRA obligation, and such changes will be recorded as Other expense (income) in the Consolidated Statement of Operations.  Payments under the TRA are not conditioned upon the parties' continued ownership of the Company.

Redeemable Common Stock 

As of September 29, 2012, the Company had entered into agreements with former employees that required the Company to redeem this common stock at pre-determined dates.  Historical redemption of this stock was based on the fair value of the stock on the fixed redemption date.  This redeemable common stock was recorded at its fair value in temporary equity and changes in the fair value were recorded in additional paid in capital each period.  Upon completion of the initial public offering, the redemption requirement terminated resulting in the Company reclassifying the shares into equity on the Consolidated Balance Sheets. 

Other Related Party Transactions

The Company recorded management fees of $2 million and $7 million for the quarterly period and three quarterly periods ended June 30, 2012, respectively, charged by Apollo and other investors to the Company.  The Company’s management fee agreement with Apollo and other investors terminated upon completion of the initial public offering.

BP Parallel LLC, a non-guarantor subsidiary of the Company, invested $21 million to purchase assignments of $21 million of unsecured term loan during the quarter ended December 29, 2012.  Of the $21 million assignments purchased, $14 million were purchased from third parties affiliated with Apollo.

In connection with our initial public offering in October 2012, the Company paid a $1 million underwriting fee to Apollo Global Securities, LLC, an affiliate of Apollo that served as a manager of the offering.

In connection with the incremental term loan Berry Plastics Corporation entered into in February 2013, the Company paid a $1 million underwriting fee to Apollo Global Securities, LLC, an affiliate of Apollo that served as a manager of the offering.

In connection with our April 2013 secondary public offering in which certain funds affiliated with Apollo and Graham sold 18,975,000 shares of common stock at $17.00 per share, which included 2,475,000 shares purchased by the underwriters upon the exercise in full of their option to purchase additional shares, the selling stockholders paid a $0.5 million underwriting fee to Apollo Global Securities, LLC, an affiliate of Apollo that served as a manager of the offering, reflecting its pro rata portion of the aggregate underwriting fee.

3.  Acquisitions

Stopaq®  

In June 2012, the Company acquired 100% of the shares of Frans Nooren Beheer B.V. and its operating companies (“Stopaq”) for a purchase price of $65 million ($62 million, net of cash acquired).  Stopaq is the inventor and manufacturer of patented visco-elastic technologies for use in corrosion prevention, sealing and insulation applications ranging from pipelines to subsea piles to rail and cable joints. The newly added business is operated in the Company’s Engineered Materials reporting segment.  To finance the purchase, the Company used cash on hand and existing credit facilities.  The Stopaq acquisition has been accounted for under the purchase method of accounting, and accordingly, the purchase price has been allocated to the identifiable assets and liabilities based on estimated fair values at the acquisition date.  The Company has recognized goodwill on this transaction as a result of expected synergies.  A portion of the goodwill will not be deductible for tax purposes.   

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Prime Label

In October 2012, the Company acquired 100% of the shares of Prime Label and Screen Incorporated (“Prime Label”) for a purchase price of $20 million.  Prime Label is a leader in specialty re-sealable labels, including a patented rigid lens closure system. The newly added business is operated in the Company’s Flexible Packaging reporting segment.  To finance the purchase, the Company used cash on hand and existing credit facilities.  The Prime Label acquisition has been accounted for under the purchase method of accounting, and accordingly, the preliminary purchase price has been allocated to the identifiable assets and liabilities based on estimated fair values at the acquisition date.  The Company has not finalized the purchase price allocation.  The Company has recognized goodwill on this transaction as a result of expected synergies.  A portion of the goodwill will not be deductible for tax purposes.

4.  Restructuring and Impairment Charges

The Company incurred restructuring costs related to severance, asset impairment and facility exit costs of $1 million and $4 million for the quarterly period ended and $7 million and $30 million for the three quarterly periods ended June 29, 2013 and June 30, 2012, respectively.  The tables below set forth the significant components of the restructuring charges recognized, by segment:

	Quarterly Period Ended				Three Quarterly Periods Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Rigid Open Top
Severance and termination benefits	$	—	$	—	$	1	$	—
Total	$	—	$	—	$	1	$	—
Rigid Closed Top
Severance and termination benefits	$	—	$	1	$	2	$	3
Facility exit costs and other		—		1		1		2
Asset impairment		—		—		—		4
Total	$	—	$	2	$	3	$	9
Engineered Materials
Severance and termination benefits	$	—	$	1	$	1	$	3
Facility exit costs and other		1		1		1		2
Asset impairment		—		—		—		16
Total	$	1	$	2	$	2	$	21
Flexible Packaging
Facility exit costs and other	$	—	$	—	$	1	$	—
Total	$	—	$	—	$	1	$	—
Consolidated
Severance and termination benefits	$	—	$	2	$	4	$	6
Facility exit costs and other		1		2		3		4
Asset impairment		—		—		—		20
Total	$	1	$	4	$	7	$	30

The table below sets forth the activity with respect to the restructuring accrual at September 29, 2012 and June 29, 2013:

	Severance and termination benefits			Facilities exit costs and other			Non-cash			Total
Balance at October 1, 2011	$	4		$	3		$	—		$	7
Charges		7			4			20			31
Non-cash asset impairment		—			—			(20	)		(20	)
Cash payments		(7	)		(4	)		—			(11	)
Balance at September 29, 2012		4			3			—			7
Charges		4			3			—			7
Cash payments		(5	)		(4	)		—			(9	)
Balance at June 29, 2013	$	3		$	2		$	—		$	5

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5.  Accrued Expenses, Other Current Liabilities and Other Long-Term Liabilities

The following table sets forth the totals included in Accrued expenses and other current liabilities on the Consolidated Balance Sheets.

	June 29, 2013		September 29, 2012
Employee compensation, payroll and other taxes	$	75	$	95
Interest		50		60
Rebates		61		68
TRA obligation		52		—
Other		60		77
	$	298	$	300

The following table sets forth the totals included in Other long-term liabilities on the Consolidated Balance Sheets.

	June 29, 2013		September 29, 2012
Lease retirement obligation	$	22	$	20
Sale-lease back deferred gain		32		34
Pension liability		80		84
TRA obligation		243		—
Other		17		28
	$	394	$	166

6.  Long-Term Debt

Long-term debt consists of the following:

	Maturity Date	June 29,  2013			September 29, 2012
Term loan	April 2015	$	1,125		$	1,134
Term loan	February 2020		1,397			—
Revolving line of credit	June 2016		—			73
9½% Second Priority Senior Secured Notes	May 2018		500			500
9¾% Second Priority Senior Secured Notes	January 2021		800			800
Senior Unsecured Term Loan	June 2014		18			39
Retired debt			—			1,845
Debt discount, net			(8	)		(11	)
Capital leases and other	Various		110			91
			3,942			4,471
Less current portion of long-term debt			(56	)		(40	)
		$	3,886		$	4,431

The Company’s senior secured credit facilities consist of $2.5 billion term loan and $650 million asset based revolving line of credit.  The availability under the revolving line of credit is the lesser of $650 million or based on a defined borrowing base which is calculated based on available accounts receivable and inventory.  The revolving line of credit allows up to $130 million of letters of credit to be issued instead of borrowings under the revolving line of credit.  At June 29, 2013, the Company had no outstanding balance on the revolving credit facility, $43 million outstanding letters of credit and a $68 million borrowing base reserve providing unused borrowing capacity of $539 million under the revolving line of credit.  The Company was in compliance with all covenants as of June 29, 2013.

-12-

In October 2012, the Company filed an initial public offering and sold 29,411,764 shares of common stock at $16.00 per share.  Proceeds, net of transaction fees, of $438 million and cash from operations were used to repurchase $455 million of 11% Senior Subordinated Notes.  The Company recognized a $16 million loss on extinguishment of debt related to this debt retirement.

In December 2012, BP Parallel LLC, invested $21 million to purchase assignments at then-prevailing market prices of $21 million of principal of the Senior Unsecured Term Loan.

In February 2013, the Company entered into an incremental assumption agreement to increase the commitments under Berry Plastics Corporation’s existing term loan credit agreement by $1.4 billion.  Berry Plastics Corporation borrowed loans in an aggregate principal amount equal to the full amount of the commitments on such date. The incremental term loans bear interest at LIBOR plus 2.50% per annum with a LIBOR floor of 1.00%, mature in February 2020 and are subject to customary amortization. The proceeds from the incremental term loan, in addition to borrowings under the revolving credit facility, were used to (a) satisfy and discharge all of Berry Plastics Corporation’s outstanding (i) Second Priority Senior Secured Floating Rate Notes due 2014, (ii) First Priority Senior Secured Floating Rate Notes due 2015, (iii) 101⁄4% Senior Subordinated Notes due 2016 and (iv) 81⁄4% First Priority Senior Secured Notes due 2015, which, in each case, were called for redemption in February 2013 and the related indentures and (b) pay related fees and expenses. The Company recognized a $48 million loss on extinguishment of debt related to this debt restructuring.

7.  Financial Instruments and Fair Value Measurements

As part of the overall risk management, the Company uses derivative instruments to reduce exposure to changes in interest rates attributed to the Company’s floating-rate borrowings.  For those derivative instruments that are designated and qualify as hedging instruments, the Company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation.  To the extent hedging relationships are found to be effective, as determined by FASB guidance, changes in fair value of the derivatives are offset by changes in the fair value of the related hedged item are recorded to Accumulated other comprehensive loss.  Management believes hedge effectiveness is evaluated properly in preparation of the financial statements.

Cash Flow Hedging Strategy

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative instrument is reported as a component of Accumulated other comprehensive loss and reclassified into earnings in the same line item associated with the forecasted transaction and in the same period or periods during which the hedged transaction affects earnings.

In November 2010, the Company entered into two separate interest rate swap transactions to manage cash flow variability associated with $1 billion of the outstanding variable rate term loan debt (the “2010 Swaps”).  The first agreement had a notional amount of $500 million and became effective in November 2010.  The agreement swaps three month variable LIBOR contracts for a fixed three year rate of 0.8925% and expires in November 2013.  The second agreement had a notional amount of $500 million and became effective in December 2010.  The agreement swaps three month variable LIBOR contracts for a fixed three year rate of 1.0235% and expires in November 2013.  In August 2011, the Company began utilizing 1-month LIBOR contracts for the underlying senior secured credit facility.  The Company’s change in interest rate selection caused the Company to lose hedge accounting on both of the interest rate swaps.  The Company recorded subsequent changes in fair value in the Consolidated Statement of Operations and will amortize the unrealized losses to Interest expense through the end of the respective swap agreements.

In February 2013, the Company entered into an interest rate swap transaction to manage cash flow variability associated with $1 billion of outstanding variable rate term loan debt (the "2013 Swaps"). The agreement swaps the greater of a three-month variable LIBOR contract or 1.00% for a fixed three-year rate of 2.355%, with an effective date in May 2016 and expiration in May 2019.  In June 2013, the Company elected to settle this derivative instrument and received $16 million as a result of this settlement.  The offset is included in Accumulated other comprehensive loss and will be amortized to Interest expense from May 2016 through May 2019, the original term of the swap agreement.

	Liability Derivatives
Derivatives instruments	Balance Sheet Location	June 29, 2013		September 29, 2012
Interest rate swaps — 2010 Swaps	Other long-term liabilities	$	3	$	7

-13-

The effect of the derivative instruments on the Consolidated Statement of Operations is as follows:

		Quarterly Period Ended					Three Quarterly Period Ended
Derivatives not designated as hedging instruments under FASB guidance	Statement of Operations Location	June 29, 2013			June 30, 2012		June 29, 2013			June 30, 2012
Interest rate swaps — 2010 Swaps	Other expense (income)	$	(1	)	$	—	$	(4	)	$	—
	Interest expense	$	1		$	1	$	3		$	2

The Fair Value Measurements and Disclosures section of the Accounting Standards Codification (“Codification” or “ASC”) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, and establishes a framework for measuring fair value.  This section also establishes a three-level hierarchy (Level 1, 2 or 3) for fair value measurements based upon the observability of inputs to the valuation of an asset or liability as of the measurement date.  This section also requires the consideration of the counterparty’s or the Company’s nonperformance risk when assessing fair value.

The Company’s interest rate swap fair values were determined using Level 2 inputs as other significant observable inputs were not available.

The Company’s financial instruments consist primarily of cash and cash equivalents, long-term debt, interest rate swap agreements and capital lease obligations.  The fair value of the Company’s long-term debt was determined using Level 2 inputs, which include using quoted prices in inactive markets or significant other observable inputs for identical or comparable assets or liabilities.  The following table summarizes our long-term indebtedness for which the book value was in excess of the fair value:

	June 29, 2013		September 29, 2012
Second Priority Senior Secured Floating Rate Notes	$	—	$	1
Senior Unsecured Term Loan		—		6

Non-recurring Fair Value Measurements

The Company has certain assets that are measured at fair value on a non-recurring basis when impairment indicators are present.  The assets are adjusted to fair value only when the carrying values exceed the fair values.  The categorization of the framework used to price the assets is considered a Level 3, due to the subjective nature of the unobservable inputs used to determine the fair value.  These assets include primarily our definite lived and indefinite lived intangible assets, including Goodwill and our property plant and equipment.  The Company conducted our annual step one evaluation of goodwill and other intangibles as of the first date of the fourth quarter and preliminarily determined no impairment existed for any of our reporting units.  The Company has experienced volume declines in certain of our reporting units, however our cost reduction initiatives and profitability in these reporting units have been consistent with our estimated operating plan and previous cash flow estimates and we believe that our long term forecasts are still appropriate.  We have utilized a consistent methodology with prior years, which leverages a six year discounted cash flow analysis with a terminal year in combination with a comparable company market approach to determine the fair value of our reporting units.

Included in the following table are the major categories of assets measured at fair value on a non-recurring basis as of June 29, 2013 and June 30, 2012, along with the impairment loss recognized on the fair value measurement during the period:

	As of June 29, 2013
	Level 1		Level 2		Level 3
	Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Other Observable Inputs		Significant Unobservable Inputs		Total		Quarterly Period Ended June 29, 2013 Impairment Loss		Three Quarterly Periods Ended June 29, 2013 Impairment Loss
Indefinite-lived trademarks	$	—	$	—	$	207	$	207	$	—	$	—
Goodwill		—		—		1,633		1,633		—		—
Definite lived intangible assets		—		—		680		680		—		—
Property, plant, and equipment		—		—		1,263		1,263		—		—
Total	$	—	$	—	$	3,783	$	3,783	$	—	$	—

-14-

	As of June 30, 2012
	Level 1		Level 2		Level 3
	Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Other Observable Inputs		Significant Unobservable Inputs		Total		Quarterly Period Ended June 30, 2012 Impairment Loss		Three Quarterly Periods Ended June 30, 2012 Impairment Loss
Indefinite-lived trademarks	$	—	$	—	$	220	$	220	$	—	$	—
Goodwill		—		—		1,635		1,635		—		—
Definite lived intangible assets		—		—		729		729		—		17
Property, plant, and equipment		—		—		1,235		1,235		—		3
Total	$	—	$	—	$	3,819	$	3,819	$	—	$	20

Valuation of Property, Plant and Equipment and Definite Lived Intangible Assets

The Company periodically realigns their manufacturing operations which results in facilities being closed and shut down and equipment transferred to other facilities or equipment being scrapped.  The Company utilizes appraised values to corroborate the fair value of the facilities and has utilized a scrap value based on prior facility shut downs to estimate the fair value of the equipment, which has approximated the actual value that was received.  When impairment indicators exist, the Company will also perform an undiscounted cash flow analysis to determine the recoverability of the Company’s property, plant and equipment and definite lived intangibles.

8.  Income Taxes

The effective tax rate was 38% and 26% for the three quarterly periods ended June 29, 2013 and June 30, 2012, respectively.  A reconciliation of income tax benefit, computed at the federal statutory rate, to income tax benefit, as provided for in the financial statements, is as follows:

	Quarterly Period Ended					Three Quarterly Periods Ended
	June 29, 2013			June 30, 2012		June 29,  2013			June 30, 2012
Income tax benefit computed at statutory rate	$	22		$	5	$	18		$	(10	)
State income tax benefit, net of federal taxes		1			—		1			—
Change in valuation allowance		—			—		1			1
Other		(1	)		2		(1	)		1
Income tax expense (benefit)	$	22		$	7	$	19		$	(8	)

-15-

9.  Operating Segments

Berry’s operations are organized into four reportable segments: Rigid Open Top, Rigid Closed Top, Engineered Materials, and Flexible Packaging.  The Company has manufacturing and distribution centers in the United States, Canada, Mexico, Belgium, Australia, Germany, Brazil, Malaysia, and India.  The North American operation represents 96% of the Company’s net sales, 98% of total long-lived assets, and 97% of the total assets.  Selected information by reportable segment is presented in the following table: 

	Quarterly Period Ended				Three Quarterly Periods Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Net sales:
Rigid Open Top	$	312	$	329	$	828	$	912
Rigid Closed Top		370		374		1,036		1,085
Rigid Packaging	$	682	$	703	$	1,864	$	1,997
Engineered Materials		351		345		1,030		1,010
Flexible Packaging		188		194		549		555
Total net sales	$	1,221	$	1,242	$	3,443	$	3,562
Operating income (loss):
Rigid Open Top	$	35	$	42	$	95	$	114
Rigid Closed Top		43		28		97		57
Rigid Packaging	$	78	$	70	$	192	$	171
Engineered Materials		31		25		88		48
Flexible Packaging		8		3		16		(1	)
Total operating income	$	117	$	98	$	296	$	218
Depreciation and amortization:
Rigid Open Top	$	23	$	22	$	68	$	67
Rigid Closed Top		33		34		98		102
Rigid Packaging	$	56	$	56	$	166	$	169
Engineered Materials		18		17		53		51
Flexible Packaging		12		14		39		43
Total depreciation and amortization	$	86	$	87	$	258	$	263

	June 29, 2013		September 29, 2012
Total assets:
Rigid Open Top	$	1,805	$	1,773
Rigid Closed Top		1,927		1,959
Rigid Packaging	$	3,732	$	3,732

Engineered Materials		787		873
Flexible Packaging		526		501
Total assets	$	5,045	$	5,106
Goodwill:
Rigid Open Top	$	681	$	681
Rigid Closed Top		830		832
Rigid Packaging	$	1,511	$	1,513
Engineered Materials		73		73
Flexible Packaging		49		40
Total goodwill	$	1,633	$	1,626

10.  Guarantor and Non-Guarantor Financial Information  

Berry Plastics Corporation (“Issuer”) has notes outstanding which are fully, jointly, severally, and unconditionally guaranteed by the parent company and substantially all of Berry’s domestic subsidiaries.  Separate narrative information or financial statements of the guarantor subsidiaries have not been included because they are 100% owned by the parent company and the guarantor subsidiaries unconditionally guarantee such debt on a joint and several basis.  A guarantee of a guarantor of the securities will terminate upon the following customary circumstances:  the sale of the capital stock of such guarantor if such sale complies with the indenture, the designation of such guarantor

-16-

as an unrestricted subsidiary, the defeasance or discharge of the indenture, as a result of the holders of certain other indebtedness foreclosing on a pledge of the shares of a guarantor subsidiary or if such guarantor no longer guarantees certain other indebtedness of the issuer.  The guarantees are also limited as necessary to prevent them from constituting a fraudulent conveyance under applicable law and guarantees guaranteeing subordinated debt are subordinated to certain other of the Company’s debts.  Presented below is condensed consolidating financial information for the parent, issuer, guarantor subsidiaries and non-guarantor subsidiaries.  Our issuer and guarantor financial information includes all of our domestic operating subsidiaries, our non-guarantor subsidiaries include our foreign subsidiaries and BP Parallel, LLC.  BP Parallel, LLC is the entity that we established to buyback debt securities of Berry Plastics Group, Inc. and Berry Plastics Corporation.  Berry Plastics Group, Inc. uses the equity method to account for its ownership in Berry Plastics Corporation in the Condensed Consolidating Supplemental Financial Statements.  Berry Plastics Corporation uses the equity method to account for its ownership in the guarantor and non-guarantor subsidiaries.  All consolidating entries are included in the eliminations column along with the elimination of intercompany balances.

Condensed Supplemental Consolidated Balance Sheet

	June 29, 2013
	Parent			Issuer		Guarantor Subsidiaries			Non— Guarantor Subsidiaries			Eliminations			Total
Current assets		117			89		883			140			(10	)		1,219
Intercompany receivable		283			3,596		—			—			(3,879	)		—
Property, plant and equipment, net		—			111		1,080			72			—			1,263
Other noncurrent assets		735			1,017		2,294			711			(2,194	)		2,563
Total assets	$	1,135		$	4,813	$	4,257		$	923		$	(6,083	)	$	5,045
Current liabilities		63			186		362			69			(11	)		669
Intercompany payable		—			—		3,916			(37	)		(3,879	)		—
Noncurrent liabilities		1,323			3,964		57			6			(723	)		4,627
Equity (deficit)		(251	)		663		(78	)		885			(1,470	)		(251	)
Total liabilities and equity (deficit)	$	1,135		$	4,813	$	4,257		$	923		$	(6,083	)	$	5,045

	September 29, 2012
	Parent			Issuer		Guarantor Subsidiaries			Non— Guarantor Subsidiaries		Eliminations			Total
Current assets		120			226		759			139		(11	)		1,233
Intercompany receivable		243			3,800		74			—		(4,117	)		—
Property, plant and equipment, net		—			113		1,023			80		—			1,216
Other noncurrent assets		262			809		2,353			749		(1,516	)		2,657
Total assets	$	625		$	4,948	$	4,209		$	968	$	(5,644	)	$	5,106
Current liabilities		18			278		315			48		(13	)		646
Intercompany payable		—			—		3,966			151		(4,117	)		—
Noncurrent liabilities		1,059			4,579		119			8		(853	)		4,912
Equity (deficit)		(452	)		91		(191	)		761		(661	)		(452	)
Total liabilities and equity (deficit)	$	625		$	4,948	$	4,209		$	968	$	(5,644	)	$	5,106

-17-

Condensed Supplemental Consolidated Statements of Operations

	Quarterly Period Ended June 29, 2013
	Parent			Issuer			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	146		$	978	$	97		$	—		$	1,221
Cost of sales		—			118			793		87			—			998
Selling, general and administrative expenses		—			12			58		8			—			78
Amortization of intangibles		—			3			22		2			—			27
Restructuring and impairment charges, net		—			1			—		—			—			1
Operating income (loss)		—			12			105		—			—			117
Other income		—			(4	)		2		—			—			(2	)
Interest expense, net		12			1			49		(29	)		24			57
Equity in net income of subsidiaries		(74	)		(82	)		—		—			156			—
Net income (loss) before income taxes		62			97			54		29			(180	)		62
Income tax expense (benefit)		22			32			—		1			(33	)		22
Net income (loss)	$	40		$	65		$	54	$	28		$	(147	)	$	40
Comprehensive  income (loss)	$	40		$	77		$	54	$	21		$	(147	)	$	45

	Quarterly Period Ended June 30, 2012
	Parent			Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	145		$	1,004		$	93		$	—		$	1,242
Cost of sales		—			124			823			88			—			1,035
Selling, general and administrative expenses		—			11			59			8			—			78
Amortization of intangibles		—			3			24			—			—			27
Restructuring and impairment charges, net		—			1			3			—			—			4
Operating income (loss)		—			6			95			(3	)		—			98
Interest expense, net		14			9			66			(28	)		21			82
Equity in net income of subsidiaries		(30	)		(54	)		—			—			84			—
Net income (loss) before income taxes		16			51			29			25			(105	)		16
Income tax expense (benefit)		7			20			(1	)		1			(20	)		7
Net income (loss)	$	9		$	31		$	30		$	24		$	(85	)	$	9
Comprehensive  income (loss)	$	9		$	32		$	30		$	18		$	(85	)	$	4

-18-

	Three Quarterly Periods Ended June 29, 2013
	Parent			Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	416		$	2,746		$	281		$	—		$	3,443
Cost of sales		—			373			2,230			226			—			2,829
Selling, general and administrative expenses		—			29			176			25			—			230
Amortization of intangibles		—			9			67			5			—			81
Restructuring and impairment charges, net		—			1			6			—			—			7
Operating income (loss)		—			4			267			25			—			296
Debt extinguishment		—			64			—			—			—			64
Other income		—			(8	)		2			—			—			(6	)
Interest expense, net		34			18			153			(89	)		72			188
Equity in net income of subsidiaries		(84	)		(225	)		—			—			309			—
Net income (loss) before income taxes		50			155			112			114			(381	)		50
Income tax expense (benefit)		19			56			(1	)		2			(57	)		19
Net income (loss)	$	31		$	99		$	113		$	112		$	(324	)	$	31
Comprehensive  income (loss)	$	31		$	111		$	113		$	103		$	(324	)	$	34

Consolidating Statement of Cash Flows
Cash Flow from Operating Activities	$	—		$	15		$	276		$	6		$	—		$	297
Cash Flow from Investing Activities
Additions to  property, plant, and equipment		—			(12	)		(154	)		(13	)		—			(179	)
Proceeds from disposal of assets		—			—			5			—			—			5
Investment in Parent		—			—			—			(21	)		21			—
(Contributions) distributions to/from subsidiaries		(456	)		435			—			—			21			—
Intercompany advances (repayments)		—			101			—			—			(101	)		—
Investment in Issuer debt securities		—			—			—			—			—			—
Acquisition of business net of cash acquired		—			—			(24	)		—			—			(24	)
Net cash used in investing activities		(456	)		524			(173	)		(34	)		(59	)		(198	)
Cash Flow from Financing Activities
Proceeds from long-term debt		—			1,391			—			—			—			1,391
Proceeds from issuance of common stock		21			—			—			—			—			21
Proceeds from initial public stock offering		438			—			—			—			—			438
Repayment of notes receivable		2			2			—			—			(2	)		2
Payment of tax receivable agreement		(5	)		(5	)		—			—			5			(5	)
Debt financing costs		—			(39	)		—			—			—			(39	)
Repayment of long-term debt		—			(1,947	)		—			—			(21	)		(1,968	)
Changes in intercompany balances		—			—			(103	)		5			98			—
Contribution from Issuer		—			—			—			21			(21	)		—
Net cash provided by (used in) financing activities		456			(598	)		(103	)		26			59			(160	)
Effect of exchange rate on cash		—			—			—			(1	)		—			(1	)
Net increase in cash and cash equivalents		—			(59	)		—			(3	)		—			(62	)
Cash and cash equivalents at beginning of period		—			66			—			21			—			87
Cash and cash equivalents at end of period	$	—		$	7		$	—		$	18		$	—		$	25

-19-

	Three Quarterly Periods Ended June 30, 2012
	Parent		Issuer		Guarantor Subsidiaries		Non— Guarantor Subsidiaries		Eliminations		Total
Net sales	$	—	$	430	$	2,867	$	265	$	—	$	3,562
Cost of sales		—		399		2,378		222		—		2,999
Selling, general and administrative expenses		—		36		174		24		—		234
Amortization of intangibles		—		8		72		1		—		81
Restructuring and impairment charges, net		—		1		28		1		—		30
Operating income (loss)		—		(14)		215		17		—		218
Other income		—		(1)		—		—		—		(1)
Interest expense, net		40		29		197		(80)		61		247
Equity in net income of subsidiaries		(12)		(112)		—		—		124		—
Net income (loss) before income taxes		(28)		70		18		97		(185)		(28)
Income tax expense (benefit)		(8)		26		—		3		(29)		(8)
Net income (loss)	$	(20)	$	44	$	18	$	94	$	(156)	$	(20)
Comprehensive  income (loss)	$	(20)	$	46	$	18	$	96	$	(156)	$	(16)

Consolidating Statement of Cash Flows
Cash Flow from Operating Activities	$	—		$	(22	)	$	292		$	8		$	—		$	278
Cash Flow from Investing Activities
Additions to  property, plant, and equipment		—			(18	)		(143	)		(6	)		—			(167	)
Proceeds from disposal of assets		—			—			9			—			—			9
Investment in Parent		—			—			—			(4	)		4			—
(Contributions) distributions to/from subsidiaries		6			(10	)		—			—			4			—
Intercompany advances (repayments)		—			104			—			—			(104	)		—
Investment in Issuer debt securities		—			—			—			—			—			—
Acquisition of business net of cash acquired		—			—			7			(62	)		—			(55	)
Net cash used in investing activities		6			76			(127	)		(72	)		(96	)		(213	)
Cash Flow from Financing Activities
Proceeds from long-term debt		—			—			—			—			—			—
Repayment of long-term debt		—			(57	)		—			(1	)		(4	)		(62	)
Changes in intercompany balances		—			—			(170	)		66			104			—
Contribution from Issuer		—			—			—			4			(4	)		—
Purchases of common stock		(6	)		—			—			—			—			(6	)
Net cash provided by (used in) financing activities		(6	)		(57	)		(170	)		69			96			(68	)
Effect of exchange rate on cash		—			—			—			(1	)		—			(1	)
Net increase in cash and cash equivalents		—			(3	)		(5	)		4			—			(4	)
Cash and cash equivalents at beginning of period		—			20			5			17			—			42
Cash and cash equivalents at end of period	$	—		$	17		$	—		$	21		$	—		$	38

11.  Contingencies and Commitments

The Company is party to various legal proceedings involving routine claims which are incidental to the business.  Although the legal and financial liability with respect to such proceedings cannot be estimated with certainty, the Company believes that any ultimate liability would not be material to the business, financial condition, results of operations or cash flows of the Company.

12.  Basic and Diluted Net Income (Loss) per Share

Basic net income or loss per share is calculated by dividing the net income or loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for common stock equivalents.  Diluted net income or loss per share is computed by dividing the net income or loss attributable to common stockholders by the weighted-average number of common share equivalents outstanding for the

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period determined using the treasury-stock method and the if-converted method.  For purposes of this calculation, stock options are considered to be common stock equivalents and are only included in the calculation of diluted net income or loss per share when their effect is dilutive.  The Company’s redeemable common stock is included in the weighted-average number of common shares outstanding for calculating basic and diluted net income or loss per share. 

The following tables and discussion provide a reconciliation of the numerator and denominator of the basic and diluted net loss per share computations.  The calculation below provides net income or loss on both basic and diluted basis for the quarterly period ended June 29, 2013 and June 30, 2012.

	Quarterly Period Ended				Three Quarterly Periods Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Net income (loss)	$	40	$	9	$	31	$	(20	)
Weighted average shares of common stock outstanding--basic (in thousands)		114,132		83,190		112,839		83,508
Weighted average shares of common stock outstanding		114,132		83,190		112,839		83,508
Other common stock equivalents  (in thousands)		6,419		2,281		5,869		—
Weighted average shares of common stock outstanding--diluted  (in thousands)		120,551		85,471		118,708		83,508
Basic net income (loss) per share	$	0.35	$	0.11	$	0.27	$	(0.24	)
Diluted net income (loss) per share	$	0.33	$	0.11	$	0.26	$	(0.24	)

The conversion of stock options is not included in the calculation of diluted net loss per common share for the three quarterly periods ended June 30, 2012 as the effect of these conversions would be antidilutive to the net loss available to common shareholders.  Thus, the weighted average common equivalent shares used for purposes of computing diluted EPS are the same as those used to compute basic EPS for these periods.  Shares excluded from the calculation as the effect of their conversion into shares of our common stock would be antidilutive were 10,684,156 as of June 30, 2012.

13.   Subsequent Event

In August 2013, the Company made certain modifications to the Berry Plastics Group Inc. 2006 Equity Incentive Plan and the Berry Plastics Group, Inc. 2012 Long-Term Incentive Plan (collectively, the "Plans"), and amended outstanding non-qualified stock option agreements to reflect such modifications.  The modifications, which were in-line with market practices of similar sized public companies, include (i) accelerated vesting of all unvested options upon an employee's death or permanent disability (ii) in the event of an employee's qualified retirement, continuation of the normal vesting period applicable to the retiree's unvested options, as well as an extension of the exercise period to the end of the original ten-year term of the retiree's vested options and (iii) all unvested options and stock appreciation rights that were subject to performance-based vesting criteria as of January 1, 2013 (excluding certain IRR performance based options) were modified to time-based vesting.

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Item 2.

Management’s Discussion and Analysis of Financial Condition and

Results of Operations

Unless the context requires otherwise, references in this Management's Discussion and Analysis of Financial Condition and Results of Operations to the “Company” refer to Berry Plastics Group, Inc, and references to “we,” “our” or “us” refer to Berry Plastics Group, Inc. together with its consolidated subsidiaries, after giving effect to the transactions described in the next paragraph.  You should read the following discussion in conjunction with the consolidated financial statements of the Company and its subsidiaries and the accompanying notes thereto, which information is included elsewhere herein.  This discussion contains forward-looking statements and involves numerous risks and uncertainties, including, but not limited to, those described in our Form 10-K for the fiscal year ended September 29, 2012 in the section titled “Risk Factors” and other risk factors identified from time to time in our periodic filings with the SEC.  Our actual results may differ materially from those contained in any forward-looking statements.  You should read the explanation of the qualifications and limitations on these forward-looking statements referenced within this report.

Acquisitions

We have a long history of acquiring and integrating companies.  We maintain an opportunistic acquisition strategy, which is focused on improving our long-term financial performance, enhancing our market positions and expanding our product lines or, in some cases, providing us with a new or complementary product line.  In our acquisitions, we seek to obtain businesses for attractive post-synergy multiples, creating value for our stockholders from synergy realization, leveraging the acquired products across our customer base, creating new platforms for future growth, and assuming best practices from the businesses we acquire. 

The Company has included the expected benefits of acquisition integrations within our unrealized synergies, which are in turn recognized in earnings after an acquisition has been fully integrated.  While the expected benefits on earnings is estimated at the commencement of each transaction, once the execution of the plan and integration occur, we are generally unable to accurately estimate or track what the ultimate effects have been due to system integrations and movements of activities to multiple facilities.  As historical business combinations have not allowed us to accurately separate realized synergies compared to what was initially identified, we measure the synergy realization based on the overall segment profitability post integration.  In connection with our acquisitions, we have in the past and may in the future incur charges related to reductions and rationalizations. 

We also include the expected impact of our restructuring plans within our unrealized synergies which are in turn recognized in earnings after the restructuring plans are completed.  While the expected benefits on earnings is estimated at the commencement of each plan, due to the nature of the matters we are generally unable to accurately estimate or track what the ultimate effects have been due to movements of activities to multiple facilities. 

Stopaq®  

In June 2012, the Company acquired 100% of the shares of Frans Nooren Beheer B.V. and its operating companies (“Stopaq”) for a purchase price of $65 million ($62 million, net of cash acquired).  Stopaq is the inventor and manufacturer of patented visco-elastic technologies for use in corrosion prevention, sealing and insulation applications ranging from pipelines to subsea piles to rail and cable joints. The newly added business is operated in the Company’s Engineered Materials reporting segment.  To finance the purchase, the Company used cash on hand and existing credit facilities.  The Stopaq acquisition has been accounted for under the purchase method of accounting, and accordingly, the purchase price has been allocated to the identifiable assets and liabilities based on estimated fair values at the acquisition date.  The Company has recognized goodwill on this transaction as a result of expected synergies.  A portion of the goodwill will not be deductible for tax purposes.   

Prime Label

In October 2012, the Company acquired 100% of the shares of Prime Label and Screen Incorporated (“Prime Label”) for a purchase price of $20 million.  Prime Label is a leader in specialty re-sealable labels, including a patented rigid lens closure system. The newly added business is operated in the Company’s Flexible Packaging reporting segment.  To finance the purchase, the Company used cash on hand and existing credit facilities.  The Prime Label acquisition has

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been accounted for under the purchase method of accounting, and accordingly, the preliminary purchase price has been allocated to the identifiable assets and liabilities based on estimated fair values at the acquisition date.  The Company has not finalized the purchase price allocation.  The Company has recognized goodwill on this transaction as a result of expected synergies.  A portion of the goodwill will not be deductible for tax purposes.   

Recent Developments

Initial Public Offering

In October 2012, the Company filed an initial public offering and sold 29,411,764 shares of common stock at $16.00 per share.  In conjunction with the initial public offering the Company executed a 12.25 for one stock split of the Company’s common stock.  The effect of the stock split on outstanding shares and earnings per share has been retroactively applied to all periods presented.  Transaction fees totaling $33 million were included in Paid-in capital on the Consolidated Balance Sheets.  Proceeds, net of transaction fees, of $438 million and cash from operations were used to repurchase $455 million of 11% Senior Subordinated Notes due September 2016.  As part of the repurchase the Company paid premiums of $13 million and wrote-off $3 million of deferred financing fees.

Tax Receivable Agreement

In connection with the initial public offering, the Company entered into an income tax receivable agreement ("TRA") that provides for the payment to pre-initial public offering stockholders, option holders and holders of our stock appreciation rights, 85% of the amount of cash savings, if any, in U.S. federal, foreign, state and local income tax that are actually realized (or are deemed to be realized in the case of a change of control) as a result of the utilization of our and our subsidiaries’ net operating losses attributable to periods prior to the initial public offering.  The Company expects to pay between $300 million and $350 million in cash related to this agreement.  This range is based on the Company's assumptions using various items, including valuation analysis and current tax law.  Upon the effective date of the TRA, the Company recorded an initial obligation of $300 million which is recognized as a reduction of Paid-in capital on the Consolidated Balance Sheet as of June 29, 2013.  Changes in the recorded net deferred income tax assets will result in changes in the TRA obligation, and such changes will be recorded as Other expense (income) in the Consolidated Statement of Operations.  Payments under the TRA are not conditioned upon the parties' continued ownership of the Company.

Redeemable Common Stock 

As of September 29, 2012, the Company had entered into agreements with former employees that required the Company to redeem this common stock at pre-determined dates.  Historical redemption of this stock was based on the fair value of the stock on the fixed redemption date.  This redeemable common stock was recorded at its fair value in temporary equity and changes in the fair value were recorded in additional paid in capital each period.  Upon completion of the initial public offering, the redemption requirement terminated resulting in the Company reclassifying the shares into equity on the Consolidated Balance Sheets. 

BP Parallel Investments

In December 2012, BP Parallel LLC, a non-guarantor subsidiary of the Company, invested $21 million to purchase assignments of $21 million of our senior unsecured term loan during the quarter ended December 29, 2012.  The purchase did not result in a gain or loss.

Incremental Term Loan

In February 2013, the Company entered into an incremental assumption agreement to increase the commitments under Berry Plastics Corporation’s existing term loan credit agreement by $1.4 billion. Berry Plastics Corporation borrowed loans in an aggregate principal amount equal to the full amount of the commitments on such date. The incremental term loans bear interest at LIBOR plus 2.50% per annum with a LIBOR floor of 1.00%, matures in February 2020 and are subject to customary amortization. The proceeds from the incremental term loan, in addition to borrowings under the revolving credit facility, were used to (a) satisfy and discharge all of Berry Plastics Corporation’s outstanding (i) Second Priority Senior Secured Floating Rate Notes due 2014, (ii) First Priority Senior Secured Floating Rate Notes due 2015, (iii) 101⁄4% Senior Subordinated Notes due 2016 and (iv) 81⁄4% First Priority Senior Secured Notes due 2015, which, in each case, were called for redemption in February 2013 and the related indentures and (b) pay related fees and expenses. The Company recognized a $48 million loss on extinguishment of debt related to this debt refinancing.

Interest Rate Swap

In February 2013, the company entered into an interest rate swap transaction to protect $1 billion of outstanding variable rate term loan debt from future interest rate volatility. The agreement swaps the greater of a three-month variable

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LIBOR contract or 1.00% for a fixed three-year rate of 2.355%, with an effective date in May 2016 and expiration in May 2019. In June 2013, the company elected to settle this derivative instrument and received $16 million as a result of this settlement.  The offset is included in Accumulated Other Comprehensive Loss and will be amortized to Interest expense from May 2016 through May 2019, the original term of the swap agreement.

Secondary Public Offerings

In April 2013, we completed a secondary public offering in which certain funds affiliated with Apollo and Graham sold 18,975,000 shares of common stock at $17.00 per share, which included 2,475,000 shares purchased by the underwriters upon the exercise in full of their option to purchase additional shares.  The selling stockholders received proceeds from the offering, which, net of underwriting fees, totaled $311 million.  The Company received no proceeds and incurred fees of $1 million related to this offering.

In July 2013, we completed a secondary public offering in which certain funds affiliated with Apollo and Graham sold 17,250,000 shares of common stock at $21.63 per share, which included 2,250,000 shares purchased by the underwriters upon the exercise in full of their option to purchase additional shares.  The selling stockholders received proceeds from the offering, which, net of underwriting fees, totaled $360 million.  The Company received no proceeds and incurred fees of $1 million related to this offering.

Executive Summary

Business.  We operate in the following four segments: Rigid Open Top, Rigid Closed Top (together our Rigid Packaging business), Engineered Materials, and Flexible Packaging.  The Rigid Packaging business sells primarily containers, foodservice items, closures, overcaps, bottles, prescription containers, and tubes.  Our Engineered Materials segment sells primarily specialty tapes, adhesives, pipeline corrosive protection solutions, polyethylene based film products, and waste bags.  The Flexible Packaging segment sells primarily high barrier, multilayer film products as well as printed bags and pouches.

Raw Material Trends.Our primary raw material is plastic resin.  Polypropylene and polyethylene account for approximately 90% of our plastic resin purchases based on the pounds purchased.  Plastic resins are subject to price fluctuations, including those arising from supply shortages and changes in the prices of natural gas, crude oil and other petrochemical intermediates from which resins are produced.  The average industry prices, as published in Chem Data, per pound were as follows by fiscal year:

	Polyethylene Butene Film						Polypropylene
	2013		2012		2011		2013		2012		2011
1st quarter	$	.69	$	.70	$	.68	$	.76	$	.79	$	.78
2nd quarter	$	.74		.76		.72	$	.96		.88		.95
3rd quarter	$	.77		.72		.79	$	.84		.85		1.08
4th quarter		—		.68		.73		—		.71		.98

Due to differences in the timing of passing through resin cost changes to our customers on escalator/de-escalator programs, segments are negatively impacted in the short term when plastic resin costs increase and are positively impacted when plastic resin costs decrease.  This timing lag in passing through raw material cost changes could affect our results as plastic resin costs fluctuate. 

Outlook.  The Company is impacted by general economic and industrial growth, plastic resin availability and affordability, and general industrial production.  Our business has both geographic and end market diversity, which reduces the effect of any one of these factors on our overall performance.  Our results are affected by our ability to pass through raw material cost changes to our customers, improve manufacturing productivity and adapt to volume changes of our customers.  We seek to improve our overall profitability by implementing cost reduction programs for our manufacturing, selling and general and administrative expenses.  Looking forward to the fourth fiscal quarter of 2013, we believe the demand driven by economic activity will remain similar to the environment we have experienced in the past four quarters.  Taking this into account for our September 2013 quarter, and assuming that volumes improve as we are beginning to see warmer weather, we anticipate an improvement in profitability, as defined as adjusted EBITDA less pro forma adjustments, versus the prior year.

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Results of Operations

Comparison of the Quarterly Period Ended June 29, 2013 (the “Quarter”) and the Quarterly Period Ended June 30, 2012 (the “Prior Quarter”)

Net Sales.  Net sales decreased from $1,242 million in the Prior Quarter to $1,221 million in the Quarter.  This decrease is primarily attributed to a volume decline of 2% related to soft customer demand, year-over-year adverse change in weather and reduction in raw material content partially offset by volume gains in certain of our product lines.  The following discussion in this section provides a comparison of net sales by business segment.

	Quarterly Period Ended
	June 29, 2013		June 30, 2012		$ Change			% Change
Net sales:
Rigid Open Top	$	312	$	329	$	(17	)		(5	%)
Rigid Closed Top		370		374		(4	)		(1	%)
Rigid Packaging	$	682	$	703	$	(21)			(3 %)
Engineered Materials		351		345		6			2	%
Flexible Packaging		188		194		(6	)		(3	%)
Total net sales	$	1,221	$	1,242	$	(21	)		(2	%)

Net sales in the Rigid Open Top business decreased from $329 million in the Prior Quarter to $312 million in the Quarter as a result of a volume decline of 2% and product realignment of 4% partially offset by net selling price increases of 1%.  The volume decline is primarily attributed to the year-over-year adverse change in weather discussed above.  Net sales in the Rigid Closed Top business decreased from $374 million in the Prior Quarter to $370 million in the Quarter as a result of net selling price decreases of 2% partially offset by volume improvement of 1%.  The Engineered Materials business net sales increased from $345 million in the Prior Quarter to $351 million in the Quarter as a result of net selling price increases of 1%, product realignment of 4% and acquisition volume related to Stopaq partially offset by a volume decline of 5%.  The Engineered Material volume decline was primarily attributed to soft customer demand discussed above partially offset by volume gains in our stretch and custom films products.  The Flexible Packaging business net sales decreased from $194 million in the Prior Quarter to $188 million in the Quarter as a result of a volume decline of 4% and net selling price decreases of 1% partially offset by acquisition volume attributed to Prime Label.  The Flexible Packaging volume decline was primarily attributed to the soft customer demand discussed above partially offset by volume gains in our personal care products.

Operating Income.  Operating income increased from $98 million (8% of net sales) in the Prior Quarter to $117 million (10% of net sales) in the Quarter.  This increase is primarily attributed to $13 million from the relationship of net selling price to raw material costs, $1 million decrease in depreciation expense, $2 million decrease in amortization expense, $8 million decrease in business integration, $2 million gain from acquisitions and $1 million of decreased selling, general and administrative expenses partially offset by $4 million decline in manufacturing efficiencies and $4 million from volume declines described above.  The following discussion in this section provides a comparison of operating income by business segment

	Quarterly Period Ended
	June 29, 2013		June 30, 2012		$ Change			% Change
Operating income:
Rigid Open Top	$	35	$	42	$	(7	)		(17	%)
Rigid Closed Top		43		28		15			54	%
Rigid Packaging	$	78	$	70	$	8			11	%
Engineered Materials		31		25		6			24	%
Flexible Packaging		8		3		5			167	%
Total operating income	$	117	$	98	$	19			19	%

Operating income for the Rigid Open Top business decreased from $42 million (13% of net sales) in the Prior Quarter to $35 million (11% of net sales) in the Quarter.  This decrease is primarily attributed to $2 million from volume declines described above, $4 million decline in operating performance in manufacturing, $2 million increase of selling, general and administrative expenses, $2 million increase in business integration expense and $1 million increase in depreciation and amortization expense partially offset by $4 million improvement in the relationship of net selling price to raw material costs.  Operating income for the Rigid Closed Top business increased from $28 million (8% of net sales) in the Prior Quarter to $43 million (12% of net sales) in the Quarter.  This increase is primarily attributed to an $8 million decline in business integration expenses, $3 million improvement in the relationship of net selling price to raw

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material costs, $1 million from improved volumes described above, $2 million decline in selling, general and administrative expenses and $1 decline in depreciation and amortization expense.  Operating income for the Engineered Materials business improved from $25 million (7% of net sales) in the Prior Quarter to $31 million (9% of net sales) in the Quarter.  This increase is primarily attributed to $4 million improvement in the relationship of net selling price to raw material costs, $1 million decline in selling, general and administrative expenses, $2 million gain from acquisitions and $1 million decline in business integration costs partially offset by $2 million from volume declines described above.  Operating income for the Flexible Packaging business improved from $3 million (2% of net sales) in the Prior Quarter to $8 million (4% of net sales) in the Quarter.  This improvement is primarily attributed to a $1 million reduction of business integration expense, $3 million reduction of depreciation and amortization expense and $2 million improvement in the relationship of net selling price to raw material costs partially offset by $1 million from volume declines described above.

Other Expense (Income). Other expense (income) improved by $2 million of income in the Quarter primarily due to the change in the fair value of derivative instruments.

 Interest Expense.  Interest expense decreased from $82 million in the Prior Quarter to $57  million in the Quarter primarily as the result of the various debt extinguishments that resulted from our incremental term loan capital restructuring and the use of proceeds from our initial public offering.

Income Tax Expense.  For the Quarter, we recorded an income tax expense of $22 million compared to $7 million in the Prior Quarter.  The effective tax rate for the Quarter is impacted by the relative impact of discrete items and certain international entities for which a full valuation allowance is recognized.

Comparison of the Three Quarterly Periods Ended June 29, 2013 (the “YTD”) and the Three Quarterly Periods Ended June 30, 2012 (the “Prior YTD”)

Net Sales.  Net sales decreased from $3,562 million in the Prior YTD to $3,443 million in the YTD.  This decrease is primarily attributed to lower selling prices of 2% and a volume decline of 2% related to soft customer demand, year-over-year adverse change in weather and reductions in raw material content partially offset by acquisition volume related to Stopaq and Prime Label and volume gains in certain of our product lines.  The following discussion in this section provides a comparison of net sales by business segment.

	Three Quarterly Periods Ended
	June 29, 2013		June 30, 2012		$ Change			% Change
Net sales:
Rigid Open Top	$	828	$	912	$	(84	)		(9	%)
Rigid Closed Top		1,036		1,085		(49	)		(5	%)
Rigid Packaging	$	1,864	$	1,997	$	(133	)		(7	%)
Engineered Materials		1,030		1,010		20			2	%
Flexible Packaging		549		555		(6	)		(1	%)
Total net sales	$	3,443	$	3,562	$	(119	)		(3	%)

Net sales in the Rigid Open Top business decreased from $912 million in the Prior YTD to $828 million in the YTD as a result of net selling price decreases of 4%, a volume decline of 2% and product realignment of 3%.  The volume decline is primarily attributed to the year-over-year adverse change in weather discussed above.  Net sales in the Rigid Closed Top business decreased from $1,085 million in the Prior YTD to $1,036 million in the YTD as a result of net selling price decreases of 3% and a volume decline of 2%.  The volume decline is primarily attributed to general market softness and a reduction in raw material content discussed above.  The Engineered Materials business net sales increased from $1,010 million in the Prior YTD to $1,030 million in the YTD.  The Engineered Material product realignment of 3% and acquisition volume related to Stopaq were partially offset by 2% volume declines attributed to factors discussed above.  Net sales in the Flexible Packaging business decreased from $555 million in the Prior YTD to $549 million in the YTD as a result of a 2% volume decline attributed to factors discussed above partially offset by acquisition volume related to our Prime Label acquisition.

Operating Income.  Operating income increased from $218 million (6% of net sales) in the Prior YTD to $296 million (9% of net sales) in the YTD.  This increase is primarily attributed to $23 million from the relationship of net selling price to raw material costs, $6 million decrease in depreciation expense, $5 million decrease in amortization expense, $30 million decrease in business integration, $3 million of improved manufacturing efficiencies, $3 million from acquisitions and a non-cash impairment charge of $17 million in the Prior YTD partially offset by $9 million from volume declines described above.  The following discussion in this section provides a comparison of operating income by business segment. 

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	Three Quarterly Periods Ended
	June 29, 2013		June 30, 2012			$ Change			% Change
Operating income (loss):
Rigid Open Top	$	95	$	114		$	(19	)		(17	%)
Rigid Closed Top		97		57			40			70	%
Rigid Packaging	$	192	$	171		$	21			12	%
Engineered Materials		88		48			40			83	%
Flexible Packaging		16		(1	)		17			1700	%
Total operating income	$	296	$	218		$	78			36	%

Operating income for the Rigid Open Top business decreased from $114 million (13% of net sales) in the Prior YTD to $95 million (11% of net sales) in the YTD.  This decrease is primarily attributed to a $1 million decline in the relationship of net selling price to raw material costs, $4 million from volume declines described above, $5 million decline in operating performance in manufacturing, $5 million increase of selling, general and administrative expenses primarily attributed to costs associated with new product innovation, $2 million increase in business integration expenses and $2 million increase in depreciation and amortization expense.  Operating income for the Rigid Closed Top business increased from $57 million (5% of net sales) in the Prior YTD to $97 million (9% of net sales) in the YTD.  This increase is primarily attributed to a $26 million decline in business integration expenses, $7 million improvement in the relationship of net selling price to raw material costs, $3 million reduction of depreciation and amortization expense, $2 million of improved operating performance in manufacturing and by $3 million decrease in selling, general and administrative expenses partially offset $2 million from volume declines described above.  Operating income for the Engineered Materials business improved from $48 million (5% of net sales) in the Prior YTD to $88 million (9% of net sales) in the YTD.  This increase is primarily attributed to a $17 million non-cash impairment in the Prior YTD, $2 million from acquisitions, $13 million improvement in the relationship of net selling price to raw material costs, $6 million of improved operating performance in manufacturing, $4 million decrease in selling, general and administrative expenses and $3 million decrease in depreciation and amortization expense partially offset by $3 million increase in business integration and $2 million from volume declines described above.  Operating loss for the Flexible Packaging business improved from $1 million loss (0% of net sales) in the Prior YTD to operating income of $16 million (3% of net sales) in the YTD.  This improvement is primarily attributed to a $9 million reduction of business integration expense, $6 million reduction of depreciation and amortization expense, $1 million from acquisitions and a $4 million improvement in the relationship of net selling price to raw material costs partially offset by $2 million increase of selling, general and administrative expenses and $1 million from volume declines described above.

Debt Extinguishment. Debt extinguishment was $64 million during the YTD as a result of loss on extinguishment of debt attributed to $37 million of call premium and penalties, $19 million of deferred financing fees and $8 million of debt discount related to the debt extinguishment that resulted from our incremental term loan capital restructuring and the use of the proceeds from our initial public offering.

Other Income. Other income increased from $1 million in the Prior YTD to $6 million in the YTD.  The change is primarily related to the change in the fair value of derivative instruments.

 Interest Expense.  Interest expense decreased from $247 million in the Prior YTD to $188 million in the YTD primarily as the result of the interest savings that resulted from our incremental term loan capital restructure and initial public offering.

Income Tax Expense.  For the YTD, we recorded an income tax expense of $19 million or an effective tax rate of 38% compared to an income tax benefit of $8 million or an effective tax rate of 26% in the Prior YTD.  The effective tax rate for the YTD is impacted by the relative impact of discrete items and certain international entities for which a full valuation allowance is recognized.

Liquidity and Capital Resources

Senior Secured Credit Facility

The Company’s senior secured credit facilities consist of $2.5 billion term loan and $650 million asset based revolving line of credit (“Credit Facility”).  $1.1 billion of the term loan matures in April 2015, $1.4 billion of the term loan matures in February 2020 and the revolving line of credit matures in June 2016, subject to certain conditions.  The availability under the revolving line of credit is the lesser of $650 million or based on a defined borrowing base which is calculated based on available accounts receivable and inventory.  The revolving line of credit allows up to $130 million of letters of credit to be issued instead of borrowings under the revolving line of credit.  At June 29, 2013, the Company had no outstanding balance on the revolving credit facility, $43 million outstanding letters of credit and a $68 million borrowing base reserve providing unused borrowing capacity of $539 million under the revolving line of credit.  The Company was in compliance with all covenants as of June 29, 2013.

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Our fixed charge coverage ratio, as defined in the revolving credit facility, is calculated based on a numerator consisting of adjusted EBITDA less pro forma adjustments, income taxes paid in cash and capital expenditures, and a denominator consisting of scheduled principal payments in respect of indebtedness for borrowed money, interest expense and certain distributions.  We are obligated to sustain a minimum fixed charge coverage ratio of 1.0 to 1.0 under the revolving credit facility at any time when the aggregate unused capacity under the revolving credit facility is less than 10% of the lesser of the revolving credit facility commitments and the borrowing base (and for 10 business days following the date upon which availability exceeds such threshold) or during the continuation of an event of default.  At June 29, 2013, the Company had unused borrowing capacity of $539 million under the revolving credit facility and thus was not subject to the minimum fixed charge coverage ratio covenant.  Our fixed charge ratio was 1.9 to 1.0 at June 29, 2013.

Despite not having financial maintenance covenants, our debt agreements contain certain negative covenants.  The failure to comply with these negative covenants could restrict our ability to incur additional indebtedness, effect acquisitions, enter into certain significant business combinations, make distributions or redeem indebtedness.  The term loan facility contains a negative covenant first lien secured leverage ratio covenant of 4.0 to 1.0 on a pro forma basis for a proposed transaction, such as an acquisition or incurrence of additional first lien debt.  Our first lien secured leverage ratio was 3.2 to 1.0 at June 29, 2013.

A key financial metric utilized in the calculation of the first lien leverage ratio is Adjusted EBITDA as defined in the Company’s senior secured credit facilities.  The following table reconciles our Adjusted EBITDA for the four quarters and quarterly period ended June 29, 2013 to net income:

	June 29, 2013
	Four Quarters Ended			Quarterly Period Ended
Adjusted EBITDA	$	811		$	209
Net interest expense		(269	)		(57	)
Depreciation and amortization		(351	)		(86	)
Income tax expense		(28	)		(22	)
Business optimization and other expense		(19	)		(2	)
Restructuring and impairment		(8	)		(1	)
Extinguishment of debt		(64	)		-
Pro forma acquisitions		(4	)		-
Unrealized cost savings		(14	)		(1	)
Net income	$	54		$	40

Cash flow from operating activities	$	498		$	132
Net additions to property, plant, and equipment		(216	)		(69	)
Adjusted free cash flow	$	282		$	63
Cash flow from investing activities		(240	)		(73	)
Cash flow from financing activities		(271	)		(49	)

While the determination of appropriate adjustments in the calculation of Adjusted EBITDA is subject to interpretation under the terms of the Credit Facility, management believes the adjustments described above are in accordance with the covenants in the Credit Facility.  Adjusted EBITDA should not be considered in isolation or construed as an alternative to our net income (loss) or other measures as determined in accordance with GAAP.  In addition, other companies in our industry or across different industries may calculate bank covenants and related definitions differently than we do, limiting the usefulness of our calculation of Adjusted EBITDA as a comparative measure. 

Tax Receivable Agreement

The Company expects to pay between $300 million and $350 million in related to the TRA over the next five years with $52 million projected to be paid during the next twelve months.  The payment range is based on the Company's assumptions using various items, including valuation analysis and current tax law.  Payments under the TRA are not conditioned upon the parties' continued ownership of the Company.  The Company had made $5 million of payments related to the TRA as of June 29, 2013.

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Contractual Obligations and Off Balance Sheet Transactions

Our contractual cash obligations at the end of fiscal 2012, giving effect to our initial public offering in October 2012 and the debt restructuring we completed in February 2013, are summarized in the following table.

	Payments due by period as of the end of fiscal 2012
	Total		< 1 year		1-3 years		4-5 years		> 5 years
Long-term debt, excluding capital leases	$	3,964	$	23	$	1,189	$	115	$	2,637
Capital leases (a)		104		30		50		17		7
Fixed interest rate payments (b)		1,109		170		256		319		364
Variable interest rate payments (c)		293		52		136		47		58
Operating leases		289		46		68		56		119
Funding of pension and other postretirement obligations (d)		8		8		—		—		—
Total contractual cash obligations	$	5,767	$	329	$	1,699	$	554	$	3,185

(a)   Includes anticipated interest of $17 over the life of the capital leases. 

(b)   Includes variable rate debt subject to interest rate swap agreements. 

(c)   Based on applicable interest rates in effect end of fiscal 2012.   

(d)   Pension and other postretirement contributions have been included in the above table for the next year.  The amount is the estimated contributions to our defined benefit plans.  The assumptions used by the actuary in calculating the projection includes weighted average return on pension assets of approximately 8% for 2012.  The estimation may vary based on the actual return on our plan assets.  See Note 9 to the Consolidated or Combined Financial Statements in our prospectus filed on April 16, 2013 for more information on these obligations.  

Cash Flows

Net cash provided by operating activities increased from $278 million in the Prior YTD to $297 million in the YTD.  The change is primarily attributed to improved operating performance and the sale of an interest rate hedge partially offset by additional working capital due to higher raw material costs.

Net cash used in investing activities decreased from $213 million in the Prior YTD to $198 million in the YTD primarily as a result of a decline in acquisition activity partially offset by increased capital expenditures.  Our capital expenditures are forecasted at $230 million for fiscal 2013 and will be funded from cash flows from operating activities and existing liquidity.

Net cash used in financing activities was $68 million in the Prior YTD compared to $160 million in the YTD.  The YTD change is primarily attributed to proceeds we raised in our initial public offering and incremental term loan capital restructure, which we utilized to repurchase the 11% Senior Subordinated Notes, Second Priority Senior Secured Floating Rate Notes, First Priority Senior Secured Floating Rate Notes, 101⁄4% Senior Subordinated and  81⁄4% First Priority Senior Secured Notes.

 Based on our current level of operations, we believe that cash flow from operations and available cash, together with available borrowings under our senior secured credit facilities, will be adequate to meet our short-term liquidity needs over the next twelve months.  We base such belief on historical experience and the funds available under the revolving credit facility.  However, we cannot predict our future results of operations and our ability to meet our obligations involves numerous risks and uncertainties, including, but not limited to, those described in the “Risk Factors” section of our Form 10-K filed with the SEC for the fiscal year ended September 29, 2012.  In particular, increases in the cost of resin which we are unable to pass through to our customers on a timely basis or significant acquisitions could severely impact our liquidity.

Item 3.              Quantitative and Qualitative Disclosures about Market Risk

Interest Rate Sensitivity

We are exposed to market risk from changes in interest rates primarily through our senior secured credit facilities, senior secured first priority notes and second priority senior secured notes.  Our senior secured credit facilities are comprised of (i) a $2.6 billion term loan and (ii) a $650 million revolving credit facility.  At June 29, 2013, the Company had no outstanding balance on the revolving credit facility.  The net outstanding balance of the term loan was $2.5 billion at June 29, 2013.  Borrowings under our senior secured credit facilities bear interest, at our option, at either an alternate base rate or an adjusted LIBOR rate for a one-, two-, three- or six month interest period, or a nine- or twelve-

-29-

month period, if available to all relevant lenders, in each case, plus an applicable margin.  The alternate base rate is the mean the greater of (i) in the case of our term loan, Credit Suisse’s prime rate or, in the case of our revolving credit facility, Bank of America's prime rate and (ii) one-half of 1.0% over the weighted average of rates on overnight Federal Funds as published by the Federal Reserve Bank of New York.  At June 29, 2013, the LIBOR rate of 0.27% was applicable to the term loan and second priority senior secured floating rate notes.  A 0.25% change in LIBOR would not have a material impact on our interest expense.

In November 2010, the Company entered into two separate interest rate swap transactions to protect $1 billion of the outstanding variable rate term loan debt from future interest rate volatility.  The first agreement had a notional amount of $500 and became effective in November 2010.  The agreement swaps three month variable LIBOR contracts for a fixed three year rate of 0.8925% and expires in November 2013.  The second agreement had a notional amount of $500 and became effective in December 2010.  The agreement swaps three month variable LIBOR contracts for a fixed three year rate of 1.0235% and expires in November 2013.  The counterparties to these agreements are with global financial institutions.  In August 2011, the Company began utilizing 1-month LIBOR contracts for the underlying senior secured credit facility.  The Company’s change in interest rate selection caused the Company to lose hedge accounting on both of the interest rate swaps.  The Company recorded subsequent changes in fair value in the Consolidated Statement of Operations and will amortize the unrealized losses to Interest expense through the end of the respective swap agreements.  A .25% change in LIBOR would not have a material impact on the fair value of the interest rate swaps.

In February 2013, the Company entered into an interest rate swap transaction to manage cash flow variability associated with $1 billion of outstanding variable rate term loan debt (the "2013 Swaps"). The agreement swaps the greater of a three-month variable LIBOR contract or 1.00% for a fixed three-year rate of 2.355%, with an effective date in May 2016 and expiration in May 2019.  In June 2013, the Company elected to settle this derivative instrument and received $16 million as a result of this settlement.  The offset is included in Accumulated Other Comprehensive Loss and will be amortized to Interest expense from May 2016 through May 2019, the original term of the swap agreement.

Resin Cost Sensitivity

We are exposed to market risk from changes in plastic resin prices that could impact our results of operations and financial condition.  Our plastic resin purchasing strategy is to deal with only high-quality, dependable suppliers.  We believe that we have maintained strong relationships with these key suppliers and expect that such relationships will continue into the foreseeable future.  The resin market is a global market and, based on our experience, we believe that adequate quantities of plastic resins will be available at market prices, but we can give you no assurances as to such availability or the prices thereof.  If the price of resin increased or decreased by 5% it would result in a material change to our cost of goods sold.

Item 4.                      Controls and Procedures

(a)           Evaluation of disclosure controls and procedures.

Under applicable SEC regulations, management of a reporting company, with the participation of the principal executive officer and principal financial officer, must periodically evaluate the company’s “disclosure controls and procedures,” which are defined generally as controls and other procedures of a reporting company designed to ensure that information required to be disclosed by the reporting company in its periodic reports filed with the commission (such as this Form 10-Q) is recorded, processed, summarized, and reported on a timely basis.

The Company's management, with the participation of the Chief Executive Officer and the Chief Financial Officer, carried out an evaluation of the effectiveness of the design and operation of the disclosure controls and procedures as of June 29, 2013.  Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of June 29, 2013, the design and operation of our disclosure controls and procedures were effective at the reasonable assurance level.

 (b)           Changes in internal controls.

There were no changes in our internal control over financial reporting that occurred during the quarter ended June 29, 2013 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Part II.  Other Information

Item 1.               Legal Proceedings

There have been no material changes in legal proceedings from the items disclosed in our Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended September 29, 2012.

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Item 1A.                        Risk Factors

You should carefully consider the risks described in our Form 10-K filed with the SEC for the fiscal year ended September 29, 2012, including those under the heading “Risk Factors” and other information contained in this Quarterly Report before investing in our securities. Realization of any of these risks could have a material adverse effect on our business, financial condition, cash flows and results of operations.  There were no material changes in the Company’s risk factors since described in our Form 10-K filed with the SEC for the fiscal year ended September 29, 2012.

Item 2.               Unregistered Sales of Equity Securities and Use of Proceeds

Not Applicable

Item 3.               Defaults Upon Senior Securities

Not Applicable

Item 4.               Mine Safety Disclosures

Not Applicable

Item 5.               Other Information

Not Applicable

Item 6.               Exhibits

31.1           Rule 13a-14(a)/15d-14(a) Certification of the Chief Executive Officer

31.2           Rule 13a-14(a)/15d-14(a) Certification of the Chief Financial Officer

32.1           Section 1350 Certification of the Chief Executive Officer

32.2           Section 1350 Certification of the Chief Financial Officer

-31-

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

  Berry Plastics Group, Inc.

August 6, 2013

By: /s/ James M. Kratochvil                                                                      

      James M. Kratochvil

    Chief Financial Officer (Principal Financial and Accounting Officer)

-32-

EX-31.1

EXHIBIT 31.1

CHIEF EXECUTIVE OFFICER CERTIFICATION

I, Jonathan D. Rich, Chairman and Chief Executive Officer of Berry Plastics Group, Inc., certify that:

1. I have reviewed this quarterly report on Form 10-Q of Berry Plastics Group, Inc. (the “Registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4.The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5.The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

6.

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date:   August 6, 2013                                                                         /s/ Jonathan D. Rich         

Jonathan D. Rich

Chairman and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CHIEF FINANCIAL OFFICER CERTIFICATION

I, James M. Kratochvil, Chief Financial Officer of Berry Plastics Group, Inc., certify that:

1. I have reviewed this quarterly report on Form 10-Q of Berry Plastics Group, Inc. (the “Registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4.The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5.The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

(a)Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date:   August 6, 2013                                                                                       /s/ James M. Kratochvil

             James M. Kratochvil

             Chief Financial Officer (Principal Financial and Accounting Officer)

EX-32.1

                                                                                                                     EXHIBIT 32.1

CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Berry Plastics Group, Inc. (the “Registrant”) on Form 10-Q for the quarter ended June 29, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jonathan D. Rich, Chairman and Chief Executive Officer of the Registrant, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

/s/ Jonathan D. Rich                

Jonathan D. Rich

Chairman and Chief Executive Officer

Date:   August 6, 2013

EX-32.2

EXHIBIT 32.2

CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Berry Plastics Group, Inc. (the “Registrant”) on Form 10-Q for the quarter ended June 29, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, James M. Kratochvil, the Executive Vice-President, Chief Financial Officer, Secretary and Assistant Treasurer of the Registrant, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

/s/ James M. Kratochvil        

James M. Kratochvil

Chief Financial Officer (Principal Financial and Accounting Officer)

Date:   August 6, 2013

XML

Contingencies And Commitments

9 Months Ended

Jun. 29, 2013

Contingencies And Commitments [Abstract]

Contingencies And Commitments

11. Contingencies and Commitments

The Company is party to various legal proceedings involving routine claims which are incidental to the business. Although the legal and financial liability with respect to such proceedings cannot be estimated with certainty, the Company believes that any ultimate liability would not be material to the business, financial condition, results of operations or cash flows of the Company.

XML

Consolidated Statements Of Operations And Comprehensive Income (Loss) (USD $) In Millions, except Share data in Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012
Consolidated Statements Of Operations And Comprehensive Income (Loss) [Abstract]
Net sales	$ 1,221	$ 1,242	$ 3,443	$ 3,562
Costs and expenses:
Cost of goods sold	998	1,035	2,829	2,999
Selling, general and administrative	78	78	230	234
Amortization of intangibles	27	27	81	81
Restructuring and impairment charges	1	4	7	30
Operating income	117	98	296	218
Debt extinguishment			64
Other expense (income), net	(2)		(6)	(1)
Interest expense	57	82	188	247
Income (loss) before income taxes	62	16	50	(28)
Income tax expense (benefit)	22	7	19	(8)
Net income (loss)	40	9	31	(20)
Net income (loss) per share:
Basic	$ 0.35	$ 0.11	$ 0.27	$ (0.24)
Diluted	$ 0.33	$ 0.11	$ 0.26	$ (0.24)
Weighted-average number of shares outstanding: (in thousands)
Basic	114,132	83,190	112,839	83,508
Diluted	120,551	85,471	118,708	83,508
Comprehensive income (loss)	$ 45	$ 4	$ 34	$ (16)

XML

Restructuring And Impairment Charges

9 Months Ended

Jun. 29, 2013

Restructuring And Impairment Charges [Abstract]

Restructuring And Impairment Charges

4. Restructuring and Impairment Charges

The Company incurred restructuring costs related to severance, asset impairment and facility exit costs of $1 million and $4 million for the quarterly period ended and $7 million and $30 million for the three quarterly periods ended June 29, 2013 and June 30, 2012, respectively. The tables below set forth the significant components of the restructuring charges recognized, by segment:

	Quarterly Period Ended		Three Quarterly Periods Ended
	June 29,  2013	June 30, 2012	June 29,    2013	June 30, 2012
Rigid Open Top
Severance and termination benefits	$        —	$         —	$          1	$         —
Total	$        —	$         —	$          1	$         —
Rigid Closed Top
Severance and termination benefits	$        —	$           1	$          2	$          3
Facility exit costs and other	—	1	1	2
Asset impairment	—	—	—	4
Total	$        —	$          2	$          3	$          9
Engineered Materials
Severance and termination benefits	$        —	$          1	$          1	$          3
Facility exit costs and other	1	1	1	2
Asset impairment	—	—	—	16
Total	$          1	$           2	$          2	$         21
Flexible Packaging
Facility exit costs and other	$        —	$         —	$          1	$         —
Total	$       —	$         —	$         1	$         —
Consolidated
Severance and termination benefits	$        —	$           2	$          4	$           6
Facility exit costs and other	1	2	3	4
Asset impairment	—	—	—	20
Total	$          1	$           4	$          7	$         30

The table below sets forth the activity with respect to the restructuring accrual at September 29, 2012 and June 29, 2013:

	Severance and termination benefits	Facilities exit costs and other	Non-cash	Total
Balance at October 1, 2011	$         4	$       3	$ —	$   7
Charges	7	4	20	31
Non-cash asset impairment	—	—	(20)	(20)
Cash payments	(7)	(4)	—	(11)
Balance at September 29, 2012	4	3	—	7
Charges	4	3	—	7
Cash payments	(5)	(4)	—	(9)
Balance at June 29, 2013	$         3	$       2	$ —	$   5

XML

Income Taxes (Tables)

9 Months Ended

Jun. 29, 2013

Income Taxes [Abstract]

Reconciliation Of Income Tax Expense (Benefit)

	Quarterly Period Ended		Three Quarterly Periods Ended
	June 29, 2013	June 30, 2012	June 29,        2013	June 30, 2012
Income tax benefit computed at statutory rate	$       22	$         5	$       18	$       (10)
State income tax benefit, net of federal taxes	1	—	1	—
Change in valuation allowance	—	—	1	1
Other	(1)	2	(1)	1
Income tax expense (benefit)	$       22	$        7	$       19	$         (8)

XML

Basic And Diluted Net Income (Loss) Per Share

9 Months Ended

Jun. 29, 2013

Basic And Diluted Net Income (Loss) Per Share [Abstract]

Basic And Diluted Net Income (Loss) Per Share

12. Basic and Diluted Net Income (Loss) per Share

Basic net income or loss per share is calculated by dividing the net income or loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for common stock

equivalents. Diluted net income or loss per share is computed by dividing the net income or loss attributable to common stockholders by the weighted-average number of common share equivalents outstanding for the period determined using the treasury-stock method and the if-converted method. For purposes of this calculation, stock options are considered to be common stock equivalents and are only included in the calculation of diluted net income or loss per share when their effect is dilutive. The Company's redeemable common stock is included in the weighted-average number of common shares outstanding for calculating basic and diluted net income or loss per share.

The following tables and discussion provide a reconciliation of the numerator and denominator of the basic and diluted net loss per share computations. The calculation below provides net income or loss on both basic and diluted basis for the quarterly period ended June 29, 2013 and June 30, 2012.

		Quarterly Period
		Ended				Three Quarterly Periods Ended
		June 29,		June 30,		June 29,		June 30,
		2013		2012		2013		2012
Net income (loss)	$	40	$	9	$	31	$	(20	)
Weighted average shares of common stock outstanding--basic
(in thousands)		114,132		83,190		112,839		83,508
Weighted average shares of common stock outstanding		114,132		83,190		112,839		83,508
Other common stock equivalents (in thousands)		6,419		2,281		5,869		—
Weighted average shares of common stock outstanding--
diluted (in thousands)		120,551		85,471		118,708		83,508
Basic net income (loss) per share	$	0.35	$	0.11	$	0.27	$	(0.24	)
Diluted net income (loss) per share	$	0.33	$	0.11	$	0.26	$	(0.24	)

The conversion of stock options is not included in the calculation of diluted net loss per common share for the three quarterly periods ended June 30, 2012 as the effect of these conversions would be antidilutive to the net loss available to common shareholders. Thus, the weighted average common equivalent shares used for purposes of computing diluted EPS are the same as those used to compute basic EPS for these periods. Shares excluded from the calculation as the effect of their conversion into shares of our common stock would be antidilutive were 10,684,156 as of June 30, 2012.

XML

Condensed Consolidating Financial Information (Consolidating Statement Of Cash Flows) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Jun. 29, 2013	Jun. 30, 2012
Condensed Consolidating Financial Information [Line Items]
Net cash flow from operating activities	$ 297	$ 278
Additions to property, plant and equipment	(179)	(167)
Proceeds from disposal of assets	5	9
Acquisition of businesses, net of cash acquired	(24)	(55)
Net cash flow from investing activities	(198)	(213)
Proceeds from long-term debt	1,391
Proceeds from issuance of common stock	21
Proceeds from initial public offering	438
Repayment of notes receivable	2	(62)
Payment of tax receivable agreement	(5)
Debt financing costs	(39)
Repayments on long-term borrowings	(1,968)	(62)
Purchase of common stock		(6)
Net cash provided by (used in) financing activities	(160)	(68)
Effect of Exchange Rate on Cash and Cash Equivalents	(1)	(1)
Net increase (decrease) in cash and cash equivalents	(62)	(4)
Cash and cash equivalents at beginning of period	87	42
Cash and cash equivalents at end of period	25	38
Parent Company [Member]
Condensed Consolidating Financial Information [Line Items]
(Contributions) distributions to/from subsidiaries	(456)	6
Net cash flow from investing activities	(456)	6
Proceeds from issuance of common stock	21
Repayment of notes receivable	2
Payment of tax receivable agreement	(5)
Purchase of common stock		(6)
Net cash provided by (used in) financing activities	456	(6)
Issuer [Member]
Condensed Consolidating Financial Information [Line Items]
Net cash flow from operating activities	15	(22)
Additions to property, plant and equipment	(12)	(18)
(Contributions) distributions to/from subsidiaries	435	(10)
Intercompany advances (repayments)	101	104
Net cash flow from investing activities	524	76
Proceeds from long-term debt	1,391
Repayment of notes receivable	2	(57)
Payment of tax receivable agreement	(5)
Debt financing costs	(39)
Repayments on long-term borrowings	(1,947)
Net cash provided by (used in) financing activities	(598)	(57)
Net increase (decrease) in cash and cash equivalents	(59)	(3)
Cash and cash equivalents at beginning of period	66	20
Cash and cash equivalents at end of period	7	17
Guarantor Subsidiaries [Member]
Condensed Consolidating Financial Information [Line Items]
Net cash flow from operating activities	276	292
Additions to property, plant and equipment	(154)	(143)
Proceeds from disposal of assets	5	9
Acquisition of businesses, net of cash acquired	(24)	7
Net cash flow from investing activities	(173)	(127)
Changes in intercompany balances		(170)
Contribution from Issuer	(103)
Net cash provided by (used in) financing activities	(103)	(170)
Net increase (decrease) in cash and cash equivalents		(5)
Cash and cash equivalents at beginning of period		5
Non-Guarantor Subsidiaries [Member]
Condensed Consolidating Financial Information [Line Items]
Net cash flow from operating activities	6	8
Additions to property, plant and equipment	(13)	(6)
Investment in Parent	(21)	(4)
Acquisition of businesses, net of cash acquired		(62)
Net cash flow from investing activities	(34)	(72)
Repayment of notes receivable		(1)
Changes in intercompany balances		66
Contribution from Issuer	5	4
Net cash provided by (used in) financing activities	26	69
Effect of Exchange Rate on Cash and Cash Equivalents	(1)	(1)
Net increase (decrease) in cash and cash equivalents	(3)	4
Cash and cash equivalents at beginning of period	21	17
Cash and cash equivalents at end of period	18	21
Eliminations [Member]
Condensed Consolidating Financial Information [Line Items]
Investment in Parent	21	4
(Contributions) distributions to/from subsidiaries	21	4
Intercompany advances (repayments)	(101)	(104)
Net cash flow from investing activities	(59)	(96)
Repayment of notes receivable	(2)	(4)
Payment of tax receivable agreement	5
Repayments on long-term borrowings	(21)
Changes in intercompany balances		104
Contribution from Issuer	98	(4)
Net cash provided by (used in) financing activities	$ 59	$ 96

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Financial Instruments And Fair Value Measurements (Schedule Of Derivatives Not Designated As Hedging, By Balance Sheet Location) (Details) (2010 Swaps [Member], Interest Rate Swap [Member], Other Long-Term Liabilites [Member], USD $) In Millions, unless otherwise specified	Jun. 29, 2013	Sep. 29, 2012
2010 Swaps [Member] | Interest Rate Swap [Member] | Other Long-Term Liabilites [Member]
Derivatives, Fair Value [Line Items]
Interest rate swaps	$ 3	$ 7

XML

Basic And Diluted Net Income (Loss) Per Share (Tables)

9 Months Ended

Jun. 29, 2013

Basic And Diluted Net Income (Loss) Per Share [Abstract]

Schedule Of Net Income (Loss) Per Share

		Quarterly Period
		Ended				Three Quarterly Periods Ended
		June 29,		June 30,		June 29,		June 30,
		2013		2012		2013		2012
Net income (loss)	$	40	$	9	$	31	$	(20	)
Weighted average shares of common stock outstanding--basic
(in thousands)		114,132		83,190		112,839		83,508
Weighted average shares of common stock outstanding		114,132		83,190		112,839		83,508
Other common stock equivalents (in thousands)		6,419		2,281		5,869		—
Weighted average shares of common stock outstanding--
diluted (in thousands)		120,551		85,471		118,708		83,508
Basic net income (loss) per share	$	0.35	$	0.11	$	0.27	$	(0.24	)
Diluted net income (loss) per share	$	0.33	$	0.11	$	0.26	$	(0.24	)

XML

Condensed Consolidating Financial Information (Tables)

9 Months Ended

Jun. 29, 2013

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Financial Information

Condensed Supplemental Consolidated Balance Sheet

	June 29, 2013
	Parent		Issuer		Guarantor Subsidiaries		Non— Guarantor Subsidiaries		Eliminations		Total
Current assets		117		89		883		140		(10)		1,219
Intercompany receivable		298		3,581		—		—		(3,879)		—
Property, plant and equipment, net		—		111		1,080		72		—		1,263
Other noncurrent assets		720		1,032		2,294		711		(2,194)		2,563
Total assets	$	1,135	$	4,813	$	4,257	$	923	$	(6,083)	$	5,045
Current liabilities		63		186		362		69		(11)		669
Intercompany payable		—		—		3,916		(37)		(3,879)		—
Noncurrent liabilities		1,323		3,964		57		6		(723)		4,627
Equity (deficit)		(251)		663		(78)		885		(1,470)		(251)
Total liabilities and equity (deficit)	$	1,135	$	4,813	$	4,257	$	923	$	(6,083)	$	5,045

	September 29, 2012
	Parent		Issuer		Guarantor Subsidiaries		Non— Guarantor Subsidiaries		Eliminations		Total
Current assets		120		226		759		139		(11)		1,233
Intercompany receivable		243		3,800		74		—		(4,117)		—
Property, plant and equipment, net		—		113		1,023		80		—		1,216
Other noncurrent assets		262		809		2,353		749		(1,516)		2,657
Total assets	$	625	$	4,948	$	4,209	$	968	$	(5,644)	$	5,106
Current liabilities		18		278		315		48		(13)		646
Intercompany payable		—		—		3,966		151		(4,117)		—
Noncurrent liabilities		1,059		4,579		119		8		(853)		4,912
Equity (deficit)		(452)		91		(191)		761		(661)		(452)
Total liabilities and equity (deficit)	$	625	$	4,948	$	4,209	$	968	$	(5,644)	$	5,106

Condensed Supplemental Consolidated Statements of Operations

	Quarterly Period Ended June 29, 2013
	Parent		Issuer		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations		Total
Net sales	$	—	$	146	$	978	$	97	$	—	$	1,221
Cost of sales		—		118		793		87		—		998
Selling, general and administrative expenses		—		12		58		8		—		78
Amortization of intangibles		—		3		22		2		—		27
Restructuring and impairment charges, net		—		1		—		—		—		1
Operating income (loss)		—		12		105		—		—		117
Other income		—		(4)		2		—		—		(2)
Interest expense, net		11		2		49		(29)		24		57
Equity in net income of subsidiaries		(74)		(83)		—		—		157		—
Net income (loss) before income taxes		62		97		54		29		(181)		62
Income tax expense (benefit)		22		33		—		1		(34)		22
Net income (loss)	$	40	$	64	$	54	$	29	$	(147)	$	40
Comprehensive  income (loss)	$	40	$	65	$	54	$	33	$	(147)	$	45

	Quarterly Period Ended June 30, 2012
	Parent		Issuer		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations		Total
Net sales	$	—	$	145	$	1,004	$	93	$	—	$	1,242
Cost of sales		—		124		823		88		—		1,035
Selling, general and administrative expenses		—		11		59		8		—		78
Amortization of intangibles		—		3		24		—		—		27
Restructuring and impairment charges, net		—		1		3		—		—		4
Operating income (loss)		—		6		95		(3)		—		98
Interest expense, net		14		9		66		(28)		21		82
Equity in net income of subsidiaries		(30)		(54)		—		—		84		—
Net income (loss) before income taxes		16		51		29		25		(105)		16
Income tax expense (benefit)		7		20		(1)		1		(20)		7
Net income (loss)	$	9	$	31	$	30	$	24	$	(85)	$	9
Comprehensive  income (loss)	$	9	$	31	$	30	$	18	$	(85)	$	3

	Three Quarterly Periods Ended June 29, 2013
	Parent		Issuer		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations		Total
Net sales	$	—	$	416	$	2,746	$	281	$	—	$	3,443
Cost of sales		—		373		2,230		226		—		2,829
Selling, general and administrative expenses		—		29		176		25		—		230
Amortization of intangibles		—		9		67		5		—		81
Restructuring and impairment charges, net		—		1		6		—		—		7
Operating income (loss)		—		4		267		25		—		296
Debt extinguishment		—		64		—		—		—		64
Other income		—		(8)		2		—		—		(6)
Interest expense, net		34		18		153		(89)		72		188
Equity in net income of subsidiaries		(84)		(225)		—		—		309		—
Net income (loss) before income taxes		50		155		112		114		(381)		50
Income tax expense (benefit)		19		56		(1)		2		(57)		19
Net income (loss)	$	31	$	99	$	113	$	112	$	(324)	$	31
Comprehensive  income (loss)	$	31	$	111	$	113	$	103	$	(324)	$	34

Consolidating Statement of Cash Flows
Cash Flow from Operating Activities	$	—	$	12	$	279	$	6	$	—	$	297
Cash Flow from Investing Activities
Additions to  property, plant, and equipment		—		(12)		(154)		(13)		—		(179)
Proceeds from disposal of assets		—		—		5		—		—		5
Investment in Parent		—		—		—		(21)		21		—
(Contributions) distributions to/from subsidiaries		(456)		438		—		—		18		—
Intercompany advances (repayments)		—		101		—		—		(101)		—
Investment in Issuer debt securities		—		—		—		—		—		—
Acquisition of business net of cash acquired		—		—		(24)		—		—		(24)
Net cash used in investing activities		(456)		527		(173)		(34)		(62)		(198)
Cash Flow from Financing Activities
Proceeds from long-term debt		—		1,391		—		—		—		1,391
Proceeds from issuance of common stock		21		—		—		—		—		21
Proceeds from initial public stock offering		438		—		—		—		—		438
Repayment of notes receivable		2		2		—		—		(2)		2
Payment of tax receivable agreement		(5)		(5)		—		—		5		(5)
Debt financing costs		—		(39)		—		—		—		(39)
Repayment of long-term debt		—		(1,947)		—		—		(21)		(1,968)
Changes in intercompany balances		—		—		(106)		5		101		—
Contribution from Issuer		—		—		—		21		(21)		—
Net cash provided by (used in) financing activities		456		(598)		(106)		26		62		(160)
Effect of exchange rate on cash		—		—		—		(1)		—		(1)
Net increase in cash and cash equivalents		—		(59)		—		(3)		—		(62)
Cash and cash equivalents at beginning of period		—		66		—		21		—		87
Cash and cash equivalents at end of period	$	—	$	7	$	—	$	18	$	—	$	25

	Three Quarterly Periods Ended June 30, 2012
	Parent		Issuer		Guarantor Subsidiaries		Non— Guarantor Subsidiaries		Eliminations		Total
Net sales	$	—	$	430	$	2,867	$	265	$	—	$	3,562
Cost of sales		—		399		2,378		222		—		2,999
Selling, general and administrative expenses		—		36		174		24		—		234
Amortization of intangibles		—		8		72		1		—		81
Restructuring and impairment charges, net		—		1		28		1		—		30
Operating income (loss)		—		(14)		215		17		—		218
Other income		—		(1)		—		—		—		(1)
Interest expense, net		40		29		197		(80)		61		247
Equity in net income of subsidiaries		(12)		(112)		—		—		124		—
Net income (loss) before income taxes		(28)		70		18		97		(185)		(28)
Income tax expense (benefit)		(8)		26		—		3		(29)		(8)
Net income (loss)	$	(20)	$	44	$	18	$	94	$	(156)	$	(20)
Comprehensive  income (loss)	$	(20)	$	44	$	18	$	96	$	(156)	$	(18)

Consolidating Statement of Cash Flows
Cash Flow from Operating Activities	$	—	$	(22)	$	292	$	8	$	—	$	278
Cash Flow from Investing Activities
Additions to  property, plant, and equipment		—		(18)		(143)		(6)		—		(167)
Proceeds from disposal of assets		—		—		9		—		—		9
Investment in Parent		—		—		—		(4)		4		—
(Contributions) distributions to/from subsidiaries		6		(10)		—		—		4		—
Intercompany advances (repayments)		—		104		—		—		(104)		—
Investment in Issuer debt securities		—		—		—		—		—		—
Acquisition of business net of cash acquired		—		—		7		(62)		—		(55)
Net cash used in investing activities		6		76		(127)		(72)		(96)		(213)
Cash Flow from Financing Activities
Proceeds from long-term debt		—		—		—		—		—		—
Repayment of long-term debt		—		(57)		—		(1)		(4)		(62)
Changes in intercompany balances		—		—		(170)		66		104		—
Contribution from Issuer		—		—		—		—		—		—
Purchases of common stock		(6)		—		—		4		(4)		(6)
Net cash provided by (used in) financing activities		(6)		(57)		(170)		69		96		(68)
Effect of exchange rate on cash		—		—		—		(1)		—		(1)
Net increase in cash and cash equivalents		—		(3)		(5)		4		—		(4)
Cash and cash equivalents at beginning of period		—		20		5		17		—		42
Cash and cash equivalents at end of period	$	—	$	17	$	—	$	21	$	—	$	38

XML

Condensed Consolidating Financial Information (Consolidating Balance Sheet) (Details) (USD $) In Millions, unless otherwise specified	Jun. 29, 2013	Sep. 29, 2012
Condensed Consolidating Financial Information [Line Items]
Current assets	$ 1,219	$ 1,233
Property, plant, and equipment, net	1,263	1,216
Other noncurrent assets	2,563	2,657
Total assets	5,045	5,106
Current liabilities	669	646
Noncurrent liabilities	4,627	4,912
Equity (deficit)	(251)	(452)
Total liabilities and stockholders' equity (deficit)	5,045	5,106
Parent Company [Member]
Condensed Consolidating Financial Information [Line Items]
Current assets	117	120
Intercompany receivable	283	243
Other noncurrent assets	735	262
Total assets	1,135	625
Current liabilities	63	18
Noncurrent liabilities	1,323	1,059
Equity (deficit)	(251)	(452)
Total liabilities and stockholders' equity (deficit)	1,135	625
Issuer [Member]
Condensed Consolidating Financial Information [Line Items]
Current assets	89	226
Intercompany receivable	3,596	3,800
Property, plant, and equipment, net	111	113
Other noncurrent assets	1,017	809
Total assets	4,813	4,948
Current liabilities	186	278
Noncurrent liabilities	3,964	4,579
Equity (deficit)	663	91
Total liabilities and stockholders' equity (deficit)	4,813	4,948
Guarantor Subsidiaries [Member]
Condensed Consolidating Financial Information [Line Items]
Current assets	883	759
Intercompany receivable		74
Property, plant, and equipment, net	1,080	1,023
Other noncurrent assets	2,294	2,353
Total assets	4,257	4,209
Current liabilities	362	315
Intercompany payable	3,916	3,966
Noncurrent liabilities	57	119
Equity (deficit)	(78)	(191)
Total liabilities and stockholders' equity (deficit)	4,257	4,209
Non-Guarantor Subsidiaries [Member]
Condensed Consolidating Financial Information [Line Items]
Current assets	140	139
Property, plant, and equipment, net	72	80
Other noncurrent assets	711	749
Total assets	923	968
Current liabilities	69	48
Intercompany payable	(37)	151
Noncurrent liabilities	6	8
Equity (deficit)	885	761
Total liabilities and stockholders' equity (deficit)	923	968
Eliminations [Member]
Condensed Consolidating Financial Information [Line Items]
Current assets	(10)	(11)
Intercompany receivable	(3,879)	(4,117)
Other noncurrent assets	(2,194)	(1,516)
Total assets	(6,083)	(5,644)
Current liabilities	(11)	(13)
Intercompany payable	(3,879)	(4,117)
Noncurrent liabilities	(723)	(853)
Equity (deficit)	(1,470)	(661)
Total liabilities and stockholders' equity (deficit)	$ (6,083)	$ (5,644)

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Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities (Summary Of Other Long-Term Liabilities) (Details) (USD $) In Millions, unless otherwise specified	Jun. 29, 2013	Sep. 29, 2012
Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities [Abstract]
Lease retirement obligation	$ 22	$ 20
Sale-lease back deferred gain	32	34
Pension liability	80	84
TRA obligation	243
Other	17	28
Other long-term liabilities	$ 394	$ 166

XML

Financial Instruments And Fair Value Measurements (Summary Of Long-Term Indebtedness In Excess Of Fair Value) (Details) (USD $) In Millions, unless otherwise specified	Sep. 29, 2012
Second Priority Senior Secured Floating Rate Notes [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Long-term indebtedness	$ 1
Senior Unsecured Term Loan [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Long-term indebtedness	$ 6

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Basic And Diluted Net Income (Loss) Per Share (Narrative) (Details)	3 Months Ended
	Jun. 30, 2012
Basic And Diluted Net Income (Loss) Per Share [Abstract]
Antidilutive shares excluded from caluculation	10,684,156

XML

Restructuring And Impairment Charges (Components Of Restructuring Charges) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012
Restructuring Cost and Reserve [Line Items]
Severance and termination benefits		$ 2	$ 4	$ 6
Facility exit costs and other	1	2	3	4
Asset impairment				20
Total	1	4	7	30
Rigid Open Top [Member]
Restructuring Cost and Reserve [Line Items]
Severance and termination benefits			1
Total			1
Rigid Closed Top [Member]
Restructuring Cost and Reserve [Line Items]
Severance and termination benefits		1	2	3
Facility exit costs and other		1	1	2
Asset impairment				4
Total		2	3	9
Engineered Materials [Member]
Restructuring Cost and Reserve [Line Items]
Severance and termination benefits		1	1	3
Facility exit costs and other	1	1	1	2
Asset impairment				16
Total	1	2	2	21
Flexible Packaging [Member]
Restructuring Cost and Reserve [Line Items]
Facility exit costs and other			1
Total			$ 1

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Operating Segments (Narrative) (Details)	9 Months Ended
	Jun. 29, 2013 segment
Concentration Risk [Line Items]
Number of reporting segments	4
Net Sales, Geographic Area [Member] | North America [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	96.00%
Long-Lived Assets, Geographic Area [Member] | North America [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	98.00%
Assets, Total [Member] | North America [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	97.00%

XML

Operating Segments (Tables)

9 Months Ended

Jun. 29, 2013

Operating Segments [Abstract]

Summary Of Selected Information By Reportable Segment

	Quarterly Period Ended		Three Quarterly Periods Ended
	June 29,  2013	June 30, 2012	June 29,    2013	June 30,     2012
Net sales:
Rigid Open Top	$     312	$     329	$     828	$     912
Rigid Closed Top	370	374	1,036	1,085
Rigid Packaging	$     682	$     703	$  1,864	$  1,997
Engineered Materials	351	345	1,030	1,010
Flexible Packaging	188	194	549	555
Total net sales	$     1,221	$     1,242	$     3,443	$     3,562
Operating income (loss):
Rigid Open Top	$        35	$        42	$        95	$     114
Rigid Closed Top	43	28	97	57
Rigid Packaging	$        78	$        70	$     192	$     171
Engineered Materials	31	25	88	48
Flexible Packaging	8	3	16	(1)
Total operating income	$       117	$        98	$       296	$       218
Depreciation and amortization:
Rigid Open Top	$        23	$        22	$        68	$        67
Rigid Closed Top	33	34	98	102
Rigid Packaging	$        56	$        56	$     166	$     169
Engineered Materials	18	17	53	51
Flexible Packaging	12	14	39	43
Total depreciation and amortization	$        86	$        87	$       258	$      263

Summary Of Assets And Goodwill By Segment

			June 29,    2013	September 29, 2012
	Total assets:
	Rigid Open Top		$     1,805	$     1,773
	Rigid Closed Top		1,927	1,959
Rigid Packaging		$     3,732		$     3,732
	Engineered Materials		787	873
	Flexible Packaging		526	501
	Total assets		$       5,045	$      5,106
	Goodwill:
	Rigid Open Top		$        681	$        681
	Rigid Closed Top		830	832
	Rigid Packaging		$     1,511	$     1,513
	Engineered Materials		73	73
	Flexible Packaging		49	40
	Total goodwill		$      1,633	$      1,626

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Consolidated Statements Of Cash Flows (USD $) In Millions, unless otherwise specified	9 Months Ended
	Jun. 29, 2013	Jun. 30, 2012
Cash Flows from Operating Activities:
Net income (loss)	$ 31	$ (20)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	177	182
Amortization of intangibles	81	81
Non-cash interest expense	11	18
Deferred income tax expense (benefit)	18	(10)
Loss on disposal and impairment of assets		20
Debt extinguishment	64
Other non-cash expense (income)		2
Changes in operating assets and liabilities:
Accounts receivable, net	(13)	37
Inventories	(41)	4
Prepaid expenses and other assets	13	(5)
Accounts payable and other liabilities	(60)	(31)
Net cash from operating activities	297	278
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(179)	(167)
Proceeds from sale of assets	5	9
Acquisition of businesses, net of cash acquired	(24)	(55)
Net cash from investing activities	(198)	(213)
Cash Flows from Financing Activities:
Proceeds from long-term borrowings	1,391
Repayments on long-term borrowings	(1,968)	(62)
Proceeds from issuance of common stock	21
Repayment of notes receivable	2	(62)
Purchase of common stock		(6)
Payment of tax receivable agreement	(5)
Debt financing costs	(39)
Settlement of interest rate hedge	16
Proceeds from initial public offering	438
Net cash from financing activities	(160)	(68)
Effect of exchange rate changes on cash	(1)	(1)
Net change in cash	(62)	(4)
Cash and cash equivalents at beginning of period	87	42
Cash and cash equivalents at end of period	$ 25	$ 38

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Basis Of Presentation

9 Months Ended

Jun. 29, 2013

Basis Of Presentation [Abstract]

Basis Of Presentation

2. Basis of Presentation

Berry, through its wholly-owned subsidiaries operates in four primary segments: Rigid Open Top, Rigid Closed Top, Engineered Materials, and Flexible Packaging. The Company's customers are located principally throughout the United States, without significant concentration in any one region or with any one customer. The accompanying unaudited Consolidated Financial Statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") pursuant to the rules and regulations of the Securities and Exchange Commission for interim reporting. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the periods presented are not necessarily indicative of the results that may be expected for the full fiscal year. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Form 10-K filed with the Securities and Exchange Commission for the fiscal year end September 29, 2012. All intercompany transactions have been eliminated. The Company issued financial statements by filing with the Securities and Exchange Commission and has evaluated subsequent events up to the time of the filing.

Reclassification Adjustments

Certain amounts in the prior year financial statements have been reclassified to conform to the current year presentation. The Company historically presented Other operating expenses in its Consolidated Statements of Operations, which consisted predominately of business optimization costs and management fees to affiliates of Apollo and Graham. The Company has eliminated separate presentation of Other operating expenses from its Consolidated Statements of Operations to better align with the way the Company is reviewing its operating results. For the quarterly periods and three quarterly periods ended June 29, 2013 and June 30, 2012 business optimization costs were $2 million and $7 million and $13 million and $27 million, respectively and are included in Cost of goods sold.  The Company recorded management fees of $2 million and $7 million for the quarterly period and three quarterly periods ended June 30, 2012, respectively and are included in Selling, general and administrative expense. The Company's management fee agreement with Apollo and other investors terminated upon completion of the initial public offering.

Initial Public Offering

In October 2012, the Company filed an initial public offering and sold 29,411,764 shares of common stock at $16.00 per share. In conjunction with the initial public offering the Company executed a 12.25 for one stock split of the Company's common stock. The effect of the stock split on outstanding shares and earnings per share has been retroactively applied to all periods presented. Transaction fees totaling $33 million were included in Paid-in capital on the Consolidated Balance Sheets. Proceeds, net of transaction fees, of $438 million and cash from operations were used to repurchase $455 million of 11% Senior Subordinated Notes due September 2016. As part of the repurchase the Company paid premiums of $13 million and wrote-off $3 million of deferred financing fees.

Secondary Public Offering

In April 2013, we completed a secondary public offering in which certain funds affiliated with Apollo and Graham sold 18,975,000 shares of common stock at $17.00 per share, which included 2,475,000 shares purchased by the underwriters upon the exercise in full of their option to purchase additional shares. The selling stockholders received proceeds from the offering, which, net of underwriting fees, totaled $311 million. The Company received no proceeds and incurred fees of $1 million related to this offering.

Tax Receivable Agreement

In connection with the initial public offering, the Company entered into an income tax receivable agreement ("TRA") that provides for the payment to pre-initial public offering stockholders, option holders and holders of our stock appreciation rights, 85% of the amount of cash savings, if any, in U.S. federal, foreign, state and local income tax that are actually realized (or are deemed to be realized in the case of a change of control) as a result of the utilization of our and our subsidiaries' net operating losses attributable to periods prior to the initial public offering. The Company expects to pay between $300 million and $350 million in cash related to this agreement. This range is based on the Company's assumptions using various items, including valuation analysis and current tax law. Upon the effective date of the TRA, the Company recorded an initial obligation of $300 million which is recognized as a reduction of Paid-in capital on the Consolidated Balance Sheet as of June 29, 2013. Changes in the recorded net deferred income tax assets will result in changes in the TRA obligation, and such changes will be recorded as Other expense (income) in the Consolidated Statement of Operations. Payments under the TRA are not conditioned upon the parties' continued ownership of the Company.

Redeemable Common Stock 

As of September 29, 2012, the Company had entered into agreements with former employees that required the Company to redeem this common stock at pre-determined dates. Historical redemption of this stock was based on the fair value of the stock on the fixed redemption date. This redeemable common stock was recorded at its fair value in temporary equity and changes in the fair value were recorded in additional paid in capital each period. Upon completion of the initial public offering, the redemption requirement terminated resulting in the Company reclassifying the shares into equity on the Consolidated Balance Sheets. 

Other Related Party Transactions

The Company recorded management fees of $2 million and $7 million for the quarterly period and three quarterly periods ended June 30, 2012, respectively, charged by Apollo and other investors to the Company. The Company's management fee agreement with Apollo and other investors terminated upon completion of the initial public offering.

BP Parallel LLC, a non-guarantor subsidiary of the Company, invested $21 million to purchase assignments of $21 million of unsecured term loan during the quarter ended December 29, 2012. Of the $21 million assignments purchased, $14 million were purchased from third parties affiliated with Apollo.

In connection with our initial public offering in October 2012, the Company paid a $1 million underwriting fee to Apollo Global Securities, LLC, an affiliate of Apollo that served as a manager of the offering.

In connection with the incremental term loan Berry Plastics Corporation entered into in February 2013, the Company paid a $1 million underwriting fee to Apollo Global Securities, LLC, an affiliate of Apollo that served as a manager of the offering.

In connection with our April 2013 secondary public offering in which certain funds affiliated with Apollo and Graham sold 18,975,000 shares of common stock at $17.00 per share, which included 2,475,000 shares purchased by the underwriters upon the exercise in full of their option to purchase additional shares, the selling stockholders paid a $0.5 million underwriting fee to Apollo Global Securities, LLC, an affiliate of Apollo that served as a manager of the offering, reflecting its pro rata portion of the aggregate underwriting fee.

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Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities

9 Months Ended

Jun. 29, 2013

Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities [Abstract]

Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities

5. Accrued Expenses, Other Current Liabilities and Other Long-Term Liabilities

The following table sets forth the totals included in Accrued expenses and other current liabilities on the Consolidated Balance Sheets.

	June 29,       2013	September 29, 2012
Employee compensation, payroll and other taxes.	$        75	$        95
Interest	50	60
Rebates	61	68
TRA obligation	52	—
Other	60	77
	$     298	$     300

The following table sets forth the totals included in Other long-term liabilities on the Consolidated Balance Sheets.

	June 29,    2013	September 29, 2012
Lease retirement obligation	$        22	$        20
Sale-lease back deferred gain	32	34
Pension liability	80	84
TRA obligation	243	—
Other	17	28
	$     394	$     166

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Acquisitions

9 Months Ended

Jun. 29, 2013

Acquisitions [Abstract]

Acquisitions

3. Acquisitions

Stopaq®  

In June 2012, the Company acquired 100% of the shares of Frans Nooren Beheer B.V. and its operating companies ("Stopaq") for a purchase price of $65 million ($62 million, net of cash acquired). Stopaq is the inventor and manufacturer of patented visco-elastic technologies for use in corrosion prevention, sealing and insulation applications ranging from pipelines to subsea piles to rail and cable joints. The newly added business is operated in the Company's Engineered Materials reporting segment. To finance the purchase, the Company used cash on hand and existing credit facilities. The Stopaq acquisition has been accounted for under the purchase method of accounting, and accordingly, the purchase price has been allocated to the identifiable assets and liabilities based on estimated fair values at the acquisition date. The Company has recognized goodwill on this transaction as a result of expected synergies. A portion of the goodwill will not be deductible for tax purposes.   

Prime Label

In October 2012, the Company acquired 100% of the shares of Prime Label and Screen Incorporated ("Prime Label") for a purchase price of $20 million. Prime Label is a leader in specialty re-sealable labels, including a patented rigid lens closure system. The newly added business is operated in the Company's Flexible Packaging reporting segment. To finance the purchase, the Company used cash on hand and existing credit facilities. The Prime Label acquisition has been accounted for under the purchase method of accounting, and accordingly, the preliminary purchase price has been allocated to the identifiable assets and liabilities based on estimated fair values at the acquisition date. The Company has not finalized the purchase price allocation. The Company has recognized goodwill on this transaction as a result of expected synergies. A portion of the goodwill will not be deductible for tax purposes.

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Financial Instruments And Fair Value Measurements (Valuation Of Property, Plant and Equipment And Definite Lived Intangible Assets) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Jun. 29, 2013	Jun. 29, 2013	Jun. 30, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived trademarks	$ 207	$ 207	$ 220
Goodwill	1,633	1,633	1,635
Definite lived intangible assets	680	680	729
Property, plant, and equipment	1,263	1,263	1,235
Total	3,783	3,783	3,819
Definite lived intangible assets, Impairment Loss			17
Property, plant, and equipment, Impairment loss			3
Impairment Loss, Total			20
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived trademarks
Goodwill
Definite lived intangible assets
Property, plant, and equipment
Total
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived trademarks
Goodwill
Definite lived intangible assets
Property, plant, and equipment
Total
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Indefinite-lived trademarks	207	207	220
Goodwill	1,633	1,633	1,635
Definite lived intangible assets	680	680	729
Property, plant, and equipment	1,263	1,263	1,235
Total	$ 3,783	$ 3,783	$ 3,819

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Basis Of Presentation (Details) (USD $) In Millions, except Share data, unless otherwise specified	1 Months Ended	3 Months Ended		9 Months Ended			1 Months Ended				3 Months Ended			1 Months Ended
	Oct. 31, 2012	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013 segment	Jun. 30, 2012	Mar. 30, 2013	Feb. 28, 2013 Apollo [Member]	Oct. 31, 2012 Apollo [Member]	Apr. 30, 2013 Apollo Global Securities [Member]	Mar. 30, 2013 11% Senior Subordinated Notes [Member]	Dec. 29, 2012 Senior Unsecured Term Loan [Member] BP Parallel LLC [Member]	Jun. 29, 2013 Maximum [Member]	Jun. 29, 2013 Minimum [Member]	Apr. 30, 2013 Underwrities [Member]	Apr. 30, 2013 Secondary Public Offering [Member]
Basis Of Presentation [Line Items]
Number of reporting segments				4
Business optimization costs		$ 2	$ 7	$ 13	$ 27
Management fees			2		7
Stock sold	29,411,764													2,475,000	18,975,000
Stock sold, price per share	$ 16.00														$ 17.00
Stock split ratio	12.25
Transaction fee	33														1
Proceeds from sale of stock	438
Amount of debt extinguished	455
Debt instrument, interest rate, stated percentage										11.00%
Debt premiums paid	13
Write-off of deferred financing fees	3
Liability related to TRA		300		300								350	300
Investment from BP Parallel LLC to purchase assignments of term loan											21
Debt issued to related party											21
Investment from subsidiary						14
Underwriting fees							$ 1.0	$ 1.0	$ 0.5						$ 311.0

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Restructuring And Impairment Charges (Schedule Of Restructuring Accrual Costs) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Jun. 29, 2013	Sep. 29, 2012
Restructuring Cost and Reserve [Line Items]
Beginning balance	$ 7	$ 7
Charges	7	31
Non-cash asset impairment		(20)
Cash payments	(9)	(11)
Ending balance	5	7
Severance And Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	4	4
Charges	4	7
Cash payments	(5)	(7)
Ending balance	3	4
Facilities Exit Costs And Other [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	3	3
Charges	3	4
Cash payments	(4)	(4)
Ending balance	2	3
Non-Cash [Member]
Restructuring Cost and Reserve [Line Items]
Charges		20
Non-cash asset impairment		$ (20)

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Financial Instruments And Fair Value Measurements (Narrative) (Details) (USD $)	9 Months Ended
	Jun. 29, 2013
2010 Swaps [Member]
Line of Credit Facility [Line Items]
Number of interest rate swaps	2
Variable rate term loan, amount outstanding	$ 1,000,000,000
2010 Swaps Part One [Member]
Line of Credit Facility [Line Items]
Notional amount of swap agreement	500,000,000
Term of fixed interest rate	3 years
Derivative instrument fixed interest rate	0.8925%
Derivative maturity date	Nov. 01, 2013
2010 Swaps Part Two [Member]
Line of Credit Facility [Line Items]
Notional amount of swap agreement	500,000,000
Term of fixed interest rate	3 years
Derivative instrument fixed interest rate	1.0235%
2013 Swaps [Member]
Line of Credit Facility [Line Items]
Variable rate term loan, amount outstanding	$ 1,000,000,000
Derivative variable interest rate	1.00%
Term of fixed interest rate	3 years
Derivative instrument fixed interest rate	2.355%

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Basic And Diluted Net Income (Loss) Per Share (Schedule Of Net Income (Loss) Per Share) (Details) (USD $) In Millions, except Share data in Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012
Basic And Diluted Net Income (Loss) Per Share [Abstract]
Net income (loss)	$ 40	$ 9	$ 31	$ (20)
Weighted average shares of common stock outstanding--basic	114,132	83,190	112,839	83,508
Other common stock equivalents	6,419	2,281	5,869
Weighted average shares of common stock outstanding--diluted	120,551	85,471	118,708	83,508
Basic net income (loss) per share available to common shareholders	$ 0.35	$ 0.11	$ 0.27	$ (0.24)
Diluted net income (loss) per share available to common shareholders	$ 0.33	$ 0.11	$ 0.26	$ (0.24)

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Operating Segments (Summary Of Assets And Goodwill By Segment) (Details) (USD $) In Millions, unless otherwise specified	Jun. 29, 2013	Sep. 29, 2012
Segment Reporting Information [Line Items]
Total assets	$ 5,045	$ 5,106
Goodwill	1,633	1,626
Rigid Open Top [Member]
Segment Reporting Information [Line Items]
Total assets	1,805	1,773
Goodwill	681	681
Rigid Closed Top [Member]
Segment Reporting Information [Line Items]
Total assets	1,927	1,959
Goodwill	830	832
Rigid Packaging [Member]
Segment Reporting Information [Line Items]
Total assets	3,732	3,732
Goodwill	1,511	1,513
Engineered Materials [Member]
Segment Reporting Information [Line Items]
Total assets	787	873
Goodwill	73	73
Flexible Packaging [Member]
Segment Reporting Information [Line Items]
Total assets	526	501
Goodwill	$ 49	$ 40

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Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, except Share data, unless otherwise specified	Jun. 29, 2013	Sep. 29, 2012
Consolidated Balance Sheets [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 3	$ 3
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	115,149,691	84,696,218
Common stock, shares outstanding	115,079,207	83,209,232

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Income Taxes

9 Months Ended

Jun. 29, 2013

Income Taxes [Abstract]

Income Taxes

8. Income Taxes

The effective tax rate was 38% and 26% for the three quarterly periods ended June 29, 2013 and June 30, 2012, respectively. A reconciliation of income tax benefit, computed at the federal statutory rate, to income tax benefit, as provided for in the financial statements, is as follows:

	Quarterly Period Ended		Three Quarterly Periods Ended
	June 29, 2013	June 30, 2012	June 29,        2013	June 30, 2012
Income tax benefit computed at statutory rate	$       22	$         5	$       18	$       (10)
State income tax benefit, net of federal taxes	1	—	1	—
Change in valuation allowance	—	—	1	1
Other	(1)	2	(1)	1
Income tax expense (benefit)	$       22	$        7	$       19	$         (8)

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Consolidated Statement Of Changes In Stockholders' Equity (Deficit) (USD $) In Millions	Common Stock [Member]	Paid-in Capital [Member]	Notes Receivable - Common Stock [Member]	Non-Controlling Interest [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]	Total
Balance at Oct. 01, 2011	$ 1	$ 142	$ (2)	$ 3	$ (48)	$ (563)	$ (467)
Redeemable shares		(6)					(6)
Stock compensation expense		2					2
Derivative amortization					2		2
Net income (loss)						(20)	(20)
Currency translation					2		2
Balance at Jun. 30, 2012	1	138	(2)	3	(44)	(583)	(487)
Balance at Sep. 29, 2012	1	131	(2)	3	(47)	(561)	(475)
Proceeds from issuance of common stock		21					21
Stock compensation expense		6					6
Repayment of note receivable			2				2
Termination of redeemable shares redemption requirement		23					23
Proceeds from initial public offering		438					438
Initial obligation under tax receivable agreement		(300)					(300)
Derivative amortization					2		3
Interest rate hedge, net of tax					10		9
Net income (loss)						31	31
Currency translation					(9)		(9)
Balance at Jun. 29, 2013	$ 1	$ 319		$ 3	$ (44)	$ (530)	$ (251)

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Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Jun. 29, 2013	Sep. 29, 2012
Current assets:
Cash and cash equivalents	$ 25	$ 87
Accounts receivable (less allowance of $3 at June 29, 2013 and September 29, 2012)	468	455
Inventories:
Finished goods	338	306
Raw materials and supplies	239	229
Inventory, total	577	535
Deferred income taxes	117	114
Prepaid expenses and other current assets	32	42
Total current assets	1,219	1,233
Property, plant, and equipment, net	1,263	1,216
Goodwill, intangible assets and deferred costs	2,551	2,636
Other assets	12	21
Total assets	5,045	5,106
Current liabilities:
Accounts payable	315	306
Accrued expenses and other current liabilities	298	300
Current portion of long-term debt	56	40
Total current liabilities	669	646
Long-term debt, less current portion	3,886	4,431
Deferred income taxes	347	315
Other long-term liabilities	394	166
Total liabilities	5,296	5,558
Commitments and contingencies
Redeemable shares		23
Stockholders' equity (deficit):
Common stock; ($0.01 par value; 400,000,000 shares authorized; 115,149,691 shares issued and 115,079,207 shares outstanding as of June 29, 2013; 84,696,218 issued and 83,209,232 outstanding as of September 29, 2012)	1	1
Paid-in capital	319	131
Notes receivable-common stock		(2)
Non-controlling interest	3	3
Accumulated deficit	(530)	(561)
Accumulated other comprehensive loss	(44)	(47)
Total stockholders' equity (deficit)	(251)	(475)
Total liabilities and stockholders' equity (deficit)	$ 5,045	$ 5,106

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Acquisitions (Details) (USD $) In Millions, unless otherwise specified	1 Months Ended
	Jun. 30, 2012 STOPAQ [Member]	Oct. 31, 2012 Prime Label [Member]
Business Acquisition [Line Items]
Percentage of capital stock acquired	100.00%	100.00%
Aggregate purchase price	$ 65	$ 20
Purchase price, net of cash acquired	$ 62

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Financial Instruments And Fair Value Measurements (Tables)

9 Months Ended

Jun. 29, 2013

Financial Instruments And Fair Value Measurements [Abstract]

Schedule Of Derivatives Not Designated As Hedging, By Balance Sheet Location

	Liability Derivatives
Derivatives instruments	Balance Sheet Location	June 29, 2013	September 29, 2012
Interest rate swaps — 2010 Swaps	Other long-term liabilities	$3	$7

Schedule Of Derivatives Not Designated As Hedging, By Statement Of Operations Location

		Quarterly Period Ended		Three Quarterly Period Ended
Derivatives not designated as hedging instruments under FASB guidance	Statement of Operations Location	June 29, 2013	June 30, 2012	June 29,    2013	June 30,   2012
Interest rate swaps — 2010 Swaps	Other expense (income)	$  (1)	$   —	$  (4)	$  —
	Interest expense	$    1	$    1	$    3	$    2

Summary Of Long-Term Indebtedness In Excess Of Fair Value

	June 29,   2013	September 29, 2012
Second Priority Senior Secured Floating Rate Notes	$     —	$         1
Senior Unsecured Term Loan	—	6

Valuation Of Property, Plant and Equipment And Intangible Assets

	As of June 29, 2013
	Level 1	Level 2	Level 3
	Quoted Prices in Active Markets for Identical Assets or Liabilities	Significant Other Observable Inputs	Significant Unobservable Inputs	Total	Quarterly Period Ended June 29, 2013 Impairment Loss	Three Quarterly Periods Ended June 29, 2013 Impairment Loss
Indefinite-lived trademarks	$     —	$     —	$    207	$    207	$       —	$       —
Goodwill	—	—	1,633	1,633	—	—
Definite lived intangible assets...	—	—	680	680	—	—
Property, plant, and equipment..	—	—	1,263	1,263	—	—
Total	$     —	$     —	$ 3,783	$ 3,783	$       —	$       —

	As of June 30, 2012
	Level 1	Level 2	Level 3
	Quoted Prices in Active Markets for Identical Assets or Liabilities	Significant Other Observable Inputs	Significant Unobservable Inputs	Total	Quarterly Period Ended June 30, 2012 Impairment Loss	Three Quarterly Periods Ended June 30, 2012 Impairment Loss
Indefinite-lived trademarks	$     —	$     —	$    220	$    220	$       —	$       —
Goodwill	—	—	1,635	1,635	—	—
Definite lived intangible assets...	—	—	729	729	—	17
Property, plant, and equipment..	—	—	1,235	1,235	—	3
Total	$     —	$     —	$ 3,819	$ 3,819	$       —	$       20

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Operating Segments (Summary Of Selected Information By Reportable Segment) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012
Segment Reporting Information [Line Items]
Net sales	$ 1,221	$ 1,242	$ 3,443	$ 3,562
Operating income (loss)	117	98	296	218
Depreciation and amortization	86	87	258	263
Rigid Open Top [Member]
Segment Reporting Information [Line Items]
Net sales	312	329	828	912
Operating income (loss)	35	42	95	114
Depreciation and amortization	23	22	68	67
Rigid Closed Top [Member]
Segment Reporting Information [Line Items]
Net sales	370	374	1,036	1,085
Operating income (loss)	43	28	97	57
Depreciation and amortization	33	34	98	102
Rigid Packaging [Member]
Segment Reporting Information [Line Items]
Net sales	682	703	1,864	1,997
Operating income (loss)	78	70	192	171
Depreciation and amortization	56	56	166	169
Engineered Materials [Member]
Segment Reporting Information [Line Items]
Net sales	351	345	1,030	1,010
Operating income (loss)	31	25	88	48
Depreciation and amortization	18	17	53	51
Flexible Packaging [Member]
Segment Reporting Information [Line Items]
Net sales	188	194	549	555
Operating income (loss)	8	3	16	(1)
Depreciation and amortization	$ 12	$ 14	$ 39	$ 43

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Financial Instruments And Fair Value Measurements (Schedule Of Derivatives Not Designated As Hedging, By Statement Of Operations Location) (Details) (Interest Rate Swap [Member], Not Designated as Hedging Instrument [Member], USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012
Other Expense (Income) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
2010 Swaps	$ (1)		$ (4)
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
2010 Swaps	$ 1	$ 1	$ 3	$ 2

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Long-Term Debt (Narrative) (Details) (USD $)	1 Months Ended	6 Months Ended	9 Months Ended							3 Months Ended
	Oct. 31, 2012	Mar. 30, 2013	Jun. 29, 2013	Jun. 29, 2013 Term Loans [Member]	Jun. 29, 2013 Revolving Line Of Credit [Member]	Jun. 29, 2013 Revolving Line Of Credit [Member] Letter of Credit [Member]	Mar. 30, 2013 11% Senior Subordinated Notes [Member]	Mar. 30, 2013 10 1/4% Senior Subordinated Notes [Member]	Mar. 30, 2013 8 1/4% First Priority Senior Secured Notes [Member]	Dec. 29, 2012 BP Parallel LLC [Member] Senior Unsecured Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				$ 2,500,000,000		$ 130,000,000
Credit facility, maximum borrowing capacity					650,000,000
Letters of credit outstanding			43,000,000
Borrowing base reserve			68,000,000
Credit facility, remaining borrowing capacity			539,000,000
Stock sold	29,411,764
Stock sold, price per share	$ 16.00
Proceeds from sale of stock	438,000,000
Amount of debt extinguished	455,000,000
Debt instrument, interest rate, stated percentage							11.00%	10.25%	8.25%
Investment from BP Parallel LLC to purchase assignments of term loan										21,000,000
Increase in additional borrowings		1,400,000,000
Debt instrument, percent added to reference rate		2.50%
Loss on extinguishment of debt			$ 64,000,000

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Long-Term Debt (Summary Of Long-Term Debt) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended		9 Months Ended		9 Months Ended			9 Months Ended		9 Months Ended		9 Months Ended
	Sep. 29, 2012	Jun. 29, 2013	Jun. 29, 2013 Term Loan Due April 2015 [Member]	Sep. 29, 2012 Term Loan Due April 2015 [Member]	Jun. 29, 2013 Term Loan Due February 2020 [Member]	Jun. 29, 2013 Revolving Line Of Credit [Member]	Sep. 29, 2012 Revolving Line Of Credit [Member]	Jun. 29, 2013 9 1/2% Second Priority Senior Secured Notes [Member]	Sep. 29, 2012 9 1/2% Second Priority Senior Secured Notes [Member]	Jun. 29, 2013 9 3/4% Second Priority Senior Secured Notes [Member]	Sep. 29, 2012 9 3/4% Second Priority Senior Secured Notes [Member]	Jun. 29, 2013 Senior Unsecured Term Loan [Member]	Sep. 29, 2012 Senior Unsecured Term Loan [Member]
Debt Instrument [Line Items]
Long-term debt			$ 1,125	$ 1,134	$ 1,397		$ 73	$ 500	$ 500	$ 800	$ 800	$ 18	$ 39
Retired debt	1,845
Debt discount, net	(11)	(8)
Capital leases and other	91	110
Debt and Capital Lease Obligations, Total	4,471	3,942
Less current portion of long-term debt	(40)	(56)
Long-term debt, less current portion	$ 4,431	$ 3,886
Debt instrument, interest rate, stated percentage								9.50%		9.75%
Maturity date			Apr. 01, 2015		Feb. 01, 2020	Jun. 01, 2016		May 01, 2018		Jan. 01, 2021		Jun. 01, 2014

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Financial Instruments And Fair Value Measurements

9 Months Ended

Jun. 29, 2013

Financial Instruments And Fair Value Measurements [Abstract]

Financial Instruments And Fair Value Measurements

7. Financial Instruments and Fair Value Measurements

As part of the overall risk management, the Company uses derivative instruments to reduce exposure to changes in interest rates attributed to the Company's floating-rate borrowings. For those derivative instruments that are designated and qualify as hedging instruments, the Company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation. To the extent hedging relationships are found to be effective, as determined by FASB guidance, changes in fair value of the derivatives are offset by changes in the fair value of the related hedged item are recorded to Accumulated other comprehensive loss. Management believes hedge effectiveness is evaluated properly in preparation of the financial statements.

Cash Flow Hedging Strategy

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative instrument is reported as a component of Accumulated other comprehensive loss and reclassified into earnings in the same line item associated with the forecasted transaction and in the same period or periods during which the hedged transaction affects earnings.

In November 2010, the Company entered into two separate interest rate swap transactions to manage cash flow variability associated with $1 billion of the outstanding variable rate term loan debt (the "2010 Swaps"). The first agreement had a notional amount of $500 million and became effective in November 2010. The agreement swaps three month variable LIBOR contracts for a fixed three year rate of 0.8925% and expires in November 2013. The second agreement had a notional amount of $500 million and became effective in December 2010. The agreement swaps three month variable LIBOR contracts for a fixed three year rate of 1.0235% and expires in November 2013. In August 2011, the Company began utilizing 1-month LIBOR contracts for the underlying senior secured credit facility. The Company's change in interest rate selection caused the Company to lose hedge accounting on both of the interest rate swaps. The Company recorded subsequent changes in fair value in the Consolidated Statement of Operations and will amortize the unrealized losses to Interest expense through the end of the respective swap agreements.

In February 2013, the Company entered into an interest rate swap transaction to manage cash flow variability associated with $1 billion of outstanding variable rate term loan debt (the "2013 Swaps"). The agreement swaps the greater of a three-month variable LIBOR contract or 1.00% for a fixed three-year rate of 2.355%, with an effective date in May 2016 and expiration in May 2019. In June 2013, the Company elected to settle this derivative instrument and received $16 million as a result of this settlement. The offset is included in Accumulated other comprehensive loss and will be amortized to Interest expense from May 2016 through May 2019, the original term of the swap agreement.

	Liability Derivatives
Derivatives instruments	Balance Sheet Location	June 29, 2013	September 29, 2012
Interest rate swaps — 2010 Swaps	Other long-term liabilities	$3	$7

The effect of the derivative instruments on the Consolidated Statement of Operations is as follows:

		Quarterly Period Ended		Three Quarterly Period Ended
Derivatives not designated as hedging instruments under FASB guidance	Statement of Operations Location	June 29, 2013	June 30, 2012	June 29,    2013	June 30,   2012
Interest rate swaps — 2010 Swaps	Other expense (income)	$  (1)	$   —	$  (4)	$  —
	Interest expense	$    1	$    1	$    3	$    2

The Fair Value Measurements and Disclosures section of the Accounting Standards Codification ("Codification" or "ASC") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, and establishes a framework for measuring fair value. This section also establishes a three-level hierarchy (Level 1, 2 or 3) for fair value measurements based upon the observability of inputs to the valuation of an asset or liability as of the measurement date. This section also requires the consideration of the counterparty's or the Company's nonperformance risk when assessing fair value.

The Company's interest rate swap fair values were determined using Level 2 inputs as other significant observable inputs were not available.

The Company's financial instruments consist primarily of cash and cash equivalents, long-term debt, interest rate swap agreements and capital lease obligations. The fair value of the Company's long-term debt was determined using Level 2 inputs, which include using quoted prices in inactive markets or significant other observable inputs for identical or comparable assets or liabilities. The following table summarizes our long-term indebtedness for which the book value was in excess of the fair value:

	June 29,   2013	September 29, 2012
Second Priority Senior Secured Floating Rate Notes	$     —	$         1
Senior Unsecured Term Loan	—	6

Non-recurring Fair Value Measurements

The Company has certain assets that are measured at fair value on a non-recurring basis when impairment indicators are present. The assets are adjusted to fair value only when the carrying values exceed the fair values. The categorization of the framework used to price the assets is considered a Level 3, due to the subjective nature of the unobservable inputs used to determine the fair value. These assets include primarily our definite lived and indefinite lived intangible assets, including Goodwill and our property plant and equipment. The Company conducted our annual step one evaluation of goodwill and other intangibles as of the first date of the fourth quarter and preliminarily determined no impairment existed for any of our reporting units. The Company has experienced volume declines in certain of our reporting units, however our cost reduction initiatives and profitability in these reporting units have been consistent with our estimated operating plan and previous cash flow estimates and we believe that our long term forecasts are still appropriate. We have utilized a consistent methodology with prior years, which leverages a six year discounted cash flow analysis with a terminal year in combination with a comparable company market approach to determine the fair value of our reporting units.

Included in the following table are the major categories of assets measured at fair value on a non-recurring basis as of June 29, 2013 and June 30, 2012, along with the impairment loss recognized on the fair value measurement during the period:

	As of June 29, 2013
	Level 1	Level 2	Level 3
	Quoted Prices in Active Markets for Identical Assets or Liabilities	Significant Other Observable Inputs	Significant Unobservable Inputs	Total	Quarterly Period Ended June 29, 2013 Impairment Loss	Three Quarterly Periods Ended June 29, 2013 Impairment Loss
Indefinite-lived trademarks	$     —	$     —	$    207	$    207	$       —	$       —
Goodwill	—	—	1,633	1,633	—	—
Definite lived intangible assets...	—	—	680	680	—	—
Property, plant, and equipment..	—	—	1,263	1,263	—	—
Total	$     —	$     —	$ 3,783	$ 3,783	$       —	$       —

	As of June 30, 2012
	Level 1	Level 2	Level 3
	Quoted Prices in Active Markets for Identical Assets or Liabilities	Significant Other Observable Inputs	Significant Unobservable Inputs	Total	Quarterly Period Ended June 30, 2012 Impairment Loss	Three Quarterly Periods Ended June 30, 2012 Impairment Loss
Indefinite-lived trademarks	$     —	$     —	$    220	$    220	$       —	$       —
Goodwill	—	—	1,635	1,635	—	—
Definite lived intangible assets...	—	—	729	729	—	17
Property, plant, and equipment..	—	—	1,235	1,235	—	3
Total	$     —	$     —	$ 3,819	$ 3,819	$       —	$       20

Valuation of Property, Plant and Equipment and Definite Lived Intangible Assets

The Company periodically realigns their manufacturing operations which results in facilities being closed and shut down and equipment transferred to other facilities or equipment being scrapped. The Company utilizes appraised values to corroborate the fair value of the facilities and has utilized a scrap value based on prior facility shut downs to estimate the fair value of the equipment, which has approximated the actual value that was received. When impairment indicators exist, the Company will also perform an undiscounted cash flow analysis to determine the recoverability of the Company's property, plant and equipment and definite lived intangibles.

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Restructuring And Impairment Charges (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012
Restructuring And Impairment Charges [Abstract]
Restructuring costs related to severance, asset impairment, and exit costs	$ 1	$ 4	$ 7	$ 30

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Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012
Income Taxes [Abstract]
Effective tax rate from continuing operations			38.00%	26.00%
Income tax benefit computed at statutory rate	$ 22	$ 5	$ 18	$ (10)
State income tax benefit, net of federal taxes	1		1
Change in valuation allowance			1	1
Other	(1)	2	(1)	1
Income tax benefit	$ 22	$ 7	$ 19	$ (8)

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Condensed Consolidating Financial Information

9 Months Ended

Jun. 29, 2013

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Financial Information

10. Guarantor and Non-Guarantor Financial Information

Berry Plastics Corporation ("Issuer") has notes outstanding which are fully, jointly, severally, and unconditionally guaranteed by the parent company and substantially all of Berry's domestic subsidiaries. Separate narrative information or financial statements of the guarantor subsidiaries have not been included because they are 100% owned by the parent company and the guarantor subsidiaries unconditionally guarantee such debt on a joint and several basis. A guarantee of a

guarantor of the securities will terminate upon the following customary circumstances: the sale of the capital stock of such guarantor if such sale complies with the indenture, the designation of such guarantor as an unrestricted subsidiary, the defeasance or discharge of the indenture, as a result of the holders of certain other indebtedness foreclosing on a pledge of the shares of a guarantor subsidiary or if such guarantor no longer guarantees certain other indebtedness of the issuer. The guarantees are also limited as necessary to prevent them from constituting a fraudulent conveyance under applicable law and guarantees guaranteeing subordinated debt are subordinated to certain other of the Company's debts. Presented below is condensed consolidating financial information for the parent, issuer, guarantor subsidiaries and non-guarantor subsidiaries. Our issuer and guarantor financial information includes all of our domestic operating subsidiaries, our non-guarantor subsidiaries include our foreign subsidiaries and BP Parallel, LLC. BP Parallel, LLC is the entity that we established to buyback debt securities of Berry Plastics Group, Inc. and Berry Plastics Corporation. Berry Plastics Group, Inc. uses the equity method to account for its ownership in Berry Plastics Corporation in the Condensed Consolidating Supplemental Financial Statements. Berry Plastics Corporation uses the equity method to account for its ownership in the guarantor and non-guarantor subsidiaries. All consolidating entries are included in the eliminations column along with the elimination of intercompany balances.

Condensed Supplemental Consolidated Balance Sheet

	June 29, 2013
									Non—
							Guarantor		Guarantor
		Parent			Issuer		Subsidiaries		Subsidiaries				Eliminations			Total
Current assets		117			89		883			140			(10	)		1,219
Intercompany receivable		283			3,596		—			—			(3,879	)		—
Property, plant and equipment, net		—			111		1,080			72			—			1,263
Other noncurrent assets		735			1,017		2,294			711			(2,194	)		2,563
Total assets	$	1,135		$	4,813	$	4,257		$	923		$	(6,083	)	$	5,045
Current liabilities		63			186		362			69			(11	)		669
Intercompany payable		—			—		3,916			(37	)		(3,879	)		—
Noncurrent liabilities		1,323			3,964		57			6			(723	)		4,627
Equity (deficit)		(251	)		663		(78	)		885			(1,470	)		(251	)
Total liabilities and equity (deficit)	$	1,135		$	4,813	$	4,257		$	923		$	(6,083	)	$	5,045

	September 29, 2012
										Non—
							Guarantor			Guarantor
		Parent			Issuer		Subsidiaries			Subsidiaries		Eliminations			Total
Current assets		120			226		759			139		(11	)		1,233
Intercompany receivable		243			3,800		74			—		(4,117	)		—
Property, plant and equipment, net		—			113		1,023			80		—			1,216
Other noncurrent assets		262			809		2,353			749		(1,516	)		2,657
Total assets	$	625		$	4,948	$	4,209		$	968	$	(5,644	)	$	5,106
Current liabilities		18			278		315			48		(13	)		646
Intercompany payable		—			—		3,966			151		(4,117	)		—
Noncurrent liabilities		1,059			4,579		119			8		(853	)		4,912
Equity (deficit)		(452	)		91		(191	)		761		(661	)		(452	)
Total liabilities and equity (deficit)	$	625		$	4,948	$	4,209		$	968	$	(5,644	)	$	5,106

Condensed Supplemental Consolidated Statements of Operations

	Quarterly Period Ended June 29, 2013
									Non -
								Guarantor	Guarantor
		Parent			Issuer			Subsidiaries	Subsidiaries				Eliminations			Total
Net sales	$	—		$	146		$	978	$	97		$	—		$	1,221
Cost of sales		—			118			793		87			—			998
Selling, general and administrative expenses		—			12			58		8			—			78
Amortization of intangibles		—			3			22		2			—			27
Restructuring and impairment charges, net		—			1			—		—			—			1
Operating income (loss)		—			12			105		—			—			117
Other income		—			(4	)		2		—			—			(2	)
Interest expense, net		12			1			49		(29	)		24			57
Equity in net income of subsidiaries		(74	)		(82	)		—		—			156			—
Net income (loss) before income taxes		62			97			54		29			(180	)		62
Income tax expense (benefit)		22			32			—		1			(33	)		22
Net income (loss)	$	40		$	65		$	54	$	28		$	(147	)	$	40
Comprehensive income (loss)	$	40		$	77		$	54	$	21		$	(147	)	$	45

	Quarterly Period Ended June 30, 2012
										Non -
								Guarantor		Guarantor
		Parent			Issuer			Subsidiaries		Subsidiaries				Eliminations			Total
Net sales	$	—		$	145		$	1,004		$	93		$	—		$	1,242
Cost of sales		—			124			823			88			—			1,035
Selling, general and administrative expenses		—			11			59			8			—			78
Amortization of intangibles		—			3			24			—			—			27
Restructuring and impairment charges, net		—			1			3			—			—			4
Operating income (loss)		—			6			95			(3	)		—			98
Interest expense, net		14			9			66			(28	)		21			82
Equity in net income of subsidiaries		(30	)		(54	)		—			—			84			—
Net income (loss) before income taxes		16			51			29			25			(105	)		16
Income tax expense (benefit)		7			20			(1	)		1			(20	)		7
Net income (loss)	$	9		$	31		$	30		$	24		$	(85	)	$	9
Comprehensive income (loss)	$	9		$	32		$	30		$	18		$	(85	)	$	4

	Three Quarterly Periods Ended June 29, 2013
											Non-
								Guarantor			Guarantor
		Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	—		$	416		$	2,746		$	281		$	—		$	3,443
Cost of sales		—			373			2,230			226			—			2,829
Selling, general and administrative expenses		—			29			176			25			—			230
Amortization of intangibles		—			9			67			5			—			81
Restructuring and impairment charges, net		—			1			6			—			—			7
Operating income (loss)		—			4			267			25			—			296
Debt extinguishment		—			64			—			—			—			64
Other income		—			(8	)		2			—			—			(6	)
Interest expense, net		34			18			153			(89	)		72			188
Equity in net income of subsidiaries		(84	)		(225	)		—			—			309			—
Net income (loss) before income taxes		50			155			112			114			(381	)		50
Income tax expense (benefit)		19			56			(1	)		2			(57	)		19
Net income (loss)	$	31		$	99		$	113		$	112		$	(324	)	$	31
Comprehensive income (loss)	$	31		$	111		$	113		$	103		$	(324	)	$	34
Consolidating Statement of Cash Flows
Cash Flow from Operating Activities	$	—		$	15		$	276		$	6		$	—		$	297
Cash Flow from Investing Activities
Additions to property, plant, and equipment		—			(12	)		(154	)		(13	)		—			(179	)
Proceeds from disposal of assets		—			—			5			—			—			5
Investment in Parent		—			—			—			(21	)		21			—
(Contributions) distributions to/from subsidiaries		(456	)		435			—			—			21			—
Intercompany advances (repayments)		—			101			—			—			(101	)		—
Investment in Issuer debt securities		—			—			—			—			—			—
Acquisition of business net of cash acquired		—			—			(24	)		—			—			(24	)
Net cash used in investing activities		(456	)		524			(173	)		(34	)		(59	)		(198	)
Cash Flow from Financing Activities
Proceeds from long-term debt		—			1,391			—			—			—			1,391
Proceeds from issuance of common stock		21			—			—			—			—			21
Proceeds from initial public stock offering		438			—			—			—			—			438
Repayment of notes receivable		2			2			—			—			(2	)		2
Payment of tax receivable agreement		(5	)		(5	)		—			—			5			(5	)
Debt financing costs		—			(39	)		—			—			—			(39	)
Repayment of long-term debt		—			(1,947	)		—			—			(21	)		(1,968	)
Changes in intercompany balances		—			—			(103	)		5			98			—
Contribution from Issuer		—			—			—			21			(21	)		—
Net cash provided by (used in) financing activities		456			(598	)		(103	)		26			59			(160	)
Effect of exchange rate on cash		—			—			—			(1	)		—			(1	)
Net increase in cash and cash equivalents		—			(59	)		—			(3	)		—			(62	)
Cash and cash equivalents at beginning of period		—			66			—			21			—			87
Cash and cash equivalents at end of period	$	—		$	7		$	—		$	18		$	—		$	25

	Three Quarterly Periods Ended June 30, 2012
											Non—
								Guarantor			Guarantor
		Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	—		$	430		$	2,867		$	265		$	—		$	3,562
Cost of sales		—			399			2,378			222			—			2,999
Selling, general and administrative expenses		—			36			174			24			—			234
Amortization of intangibles		—			8			72			1			—			81
Restructuring and impairment charges, net		—			1			28			1			—			30
Operating income (loss)		—			(14	)		215			17			—			218
Other income		—			(1	)		—			—			—			(1	)
Interest expense, net		40			29			197			(80	)		61			247
Equity in net income of subsidiaries		(12	)		(112	)		—			—			124			—
Net income (loss) before income taxes		(28	)		70			18			97			(185	)		(28	)
Income tax expense (benefit)		(8	)		26			—			3			(29	)		(8	)
Net income (loss)	$	(20	)	$	44		$	18		$	94		$	(156	)	$	(20	)
Comprehensive income (loss)	$	(20	)	$	46		$	18		$	96		$	(156	)	$	(16	)
Consolidating Statement of Cash Flows
Cash Flow from Operating Activities	$	—		$	(22	)	$	292		$	8		$	—		$	278
Cash Flow from Investing Activities
Additions to property, plant, and equipment		—			(18	)		(143	)		(6	)		—			(167	)
Proceeds from disposal of assets		—			—			9			—			—			9
Investment in Parent		—			—			—			(4	)		4			—
(Contributions) distributions to/from subsidiaries		6			(10	)		—			—			4			—
Intercompany advances (repayments)		—			104			—			—			(104	)		—
Investment in Issuer debt securities		—			—			—			—			—			—
Acquisition of business net of cash acquired		—			—			7			(62	)		—			(55	)
Net cash used in investing activities		6			76			(127	)		(72	)		(96	)		(213	)
Cash Flow from Financing Activities
Proceeds from long-term debt		—			—			—			—			—			—
Repayment of long-term debt		—			(57	)		—			(1	)		(4	)		(62	)
Changes in intercompany balances		—			—			(170	)		66			104			—
Contribution from Issuer		—			—			—			4			(4	)		—
Purchases of common stock		(6	)		—			—			—			—			(6	)
Net cash provided by (used in) financing activities		(6	)		(57	)		(170	)		69			96			(68	)
Effect of exchange rate on cash		—			—			—			(1	)		—			(1	)
Net increase in cash and cash equivalents		—			(3	)		(5	)		4			—			(4	)
Cash and cash equivalents at beginning of period		—			20			5			17			—			42
Cash and cash equivalents at end of period	$	—		$	17		$	—		$	21		$	—		$	38

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Long-Term Debt

9 Months Ended

Jun. 29, 2013

Long-Term Debt [Abstract]

Long-Term Debt

6. Long-Term Debt

Long-term debt consists of the following:

	Maturity Date	June 29,    2013	September 29, 2012
Term loan	April 2015	$   1,125	$     1,134
Term loan	February 2020	1,397	—
Revolving line of credit	June 2016	—	73
9½% Second Priority Senior Secured Notes	May 2018	500	500
9¾% Second Priority Senior Secured Notes	January 2021	800	800
Senior Unsecured Term Loan	June 2014	18	39
Retired debt		—	1,845
Debt discount, net		(8)	(11)
Capital leases and other	Various	110	91
		3,942	4,471
Less current portion of long-term debt		(56)	(40)
		$   3,886	$     4,431

The Company's senior secured credit facilities consist of $2.5 billion term loan and $650 million asset based revolving line of credit. The availability under the revolving line of credit is the lesser of $650 million or based on a defined borrowing base which is calculated based on available accounts receivable and inventory. The revolving line of credit allows up to $130 million of letters of credit to be issued instead of borrowings under the revolving line of credit. At June 29, 2013, the Company had no outstanding balance on the revolving credit facility, $43 million outstanding letters of credit and a $68 million borrowing base reserve providing unused borrowing capacity of $539 million under the revolving line of credit. The Company was in compliance with all covenants as of June 29, 2013.

In October 2012, the Company filed an initial public offering and sold 29,411,764 shares of common stock at $16.00 per share. Proceeds, net of transaction fees, of $438 million and cash from operations were used to repurchase $455 million of 11% Senior Subordinated Notes. The Company recognized a $16 million loss on extinguishment of debt related to this debt retirement.

In December 2012, BP Parallel LLC, invested $21 million to purchase assignments at then-prevailing market prices of $21 million of principal of the Senior Unsecured Term Loan.

In February 2013, the Company entered into an incremental assumption agreement to increase the commitments under Berry Plastics Corporation's existing term loan credit agreement by $1.4 billion. Berry Plastics Corporation borrowed loans in an aggregate principal amount equal to the full amount of the commitments on such date. The incremental term loans bear interest at LIBOR plus 2.50% per annum with a LIBOR floor of 1.00%, mature in February 2020 and are subject to customary amortization. The proceeds from the incremental term loan, in addition to borrowings under the revolving credit facility, were used to (a) satisfy and discharge all of Berry Plastics Corporation's outstanding (i) Second Priority Senior Secured Floating Rate Notes due 2014, (ii) First Priority Senior Secured Floating Rate Notes due 2015, (iii) 101/4% Senior Subordinated Notes due 2016 and (iv) 81/4% First Priority Senior Secured Notes due 2015, which, in each case, were called for redemption in February 2013 and the related indentures and (b) pay related fees and expenses. The Company recognized a $48 million loss on extinguishment of debt related to this debt restructuring.

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Background

9 Months Ended

Jun. 29, 2013

Background [Abstract]

Background

1. Background

Berry Plastics Group, Inc. ("Berry" or the "Company") is a leading provider of value-added plastic consumer packaging and engineered materials with a track record of delivering high-quality customized solutions to our customers. Representative examples of our products include thermoform drink cups, thin-wall containers, blow-molded bottles, specialty closures, prescription vials, specialty plastic films, adhesives and corrosion protection materials. We sell our solutions predominantly into consumer-oriented end-markets, such as food and beverage, healthcare and personal care.  

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Condensed Consolidating Financial Information (Consolidating Statement Of Operations) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012
Condensed Consolidating Financial Information [Line Items]
Net sales	$ 1,221	$ 1,242	$ 3,443	$ 3,562
Cost of goods sold	998	1,035	2,829	2,999
Selling, general and administrative expenses	78	78	230	234
Amortization of intangibles	27	27	81	81
Restructuring and impairment charges, net	1	4	7	30
Operating income (loss)	117	98	296	218
Debt extinguishment			64
Other expense (income), net	(2)		(6)	(1)
Interest expense, net	57	82	188	247
Income (loss) before income taxes	62	16	50	(28)
Income tax expense (benefit)	22	7	19	(8)
Net income (loss)	40	9	31	(20)
Comprehensive income (loss)	45	4	34	(16)
Parent Company [Member]
Condensed Consolidating Financial Information [Line Items]
Interest expense, net	12	14	34	40
Equity in net income of subsidiaries	(74)	(30)	(84)	(12)
Income (loss) before income taxes	62	16	50	(28)
Income tax expense (benefit)	22	7	19	(8)
Net income (loss)	40	9	31	(20)
Comprehensive income (loss)	40	9	31	(20)
Issuer [Member]
Condensed Consolidating Financial Information [Line Items]
Net sales	146	145	416	430
Cost of goods sold	118	124	373	399
Selling, general and administrative expenses	12	11	29	36
Amortization of intangibles	3	3	9	8
Restructuring and impairment charges, net	1	1	1	1
Operating income (loss)	12	6	4	(14)
Debt extinguishment			64
Other expense (income), net	(4)		(8)	(1)
Interest expense, net	1	9	18	29
Equity in net income of subsidiaries	(82)	(54)	(225)	(112)
Income (loss) before income taxes	97	51	155	70
Income tax expense (benefit)	32	20	56	26
Net income (loss)	65	31	99	44
Comprehensive income (loss)	77	32	111	46
Guarantor Subsidiaries [Member]
Condensed Consolidating Financial Information [Line Items]
Net sales	978	1,004	2,746	2,867
Cost of goods sold	793	823	2,230	2,378
Selling, general and administrative expenses	58	59	176	174
Amortization of intangibles	22	24	67	72
Restructuring and impairment charges, net		3	6	28
Operating income (loss)	105	95	267	215
Other expense (income), net	2		2
Interest expense, net	49	66	153	197
Income (loss) before income taxes	54	29	112	18
Income tax expense (benefit)		(1)	(1)
Net income (loss)	54	30	113	18
Comprehensive income (loss)	54	30	113	18
Non-Guarantor Subsidiaries [Member]
Condensed Consolidating Financial Information [Line Items]
Net sales	97	93	281	265
Cost of goods sold	87	88	226	222
Selling, general and administrative expenses	8	8	25	24
Amortization of intangibles	2		5	1
Restructuring and impairment charges, net				1
Operating income (loss)		(3)	25	17
Interest expense, net	(29)	(28)	(89)	(80)
Income (loss) before income taxes	29	25	114	97
Income tax expense (benefit)	1	1	2	3
Net income (loss)	28	24	112	94
Comprehensive income (loss)	21	18	103	96
Eliminations [Member]
Condensed Consolidating Financial Information [Line Items]
Interest expense, net	24	21	72	61
Equity in net income of subsidiaries	156	84	309	124
Income (loss) before income taxes	(180)	(105)	(381)	(185)
Income tax expense (benefit)	(33)	(20)	(57)	(29)
Net income (loss)	(147)	(85)	(324)	(156)
Comprehensive income (loss)	$ (147)	$ (85)	$ (324)	$ (156)

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Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities (Summary Of Accrued Expenses And Other Current Liabilities) (Details) (USD $) In Millions, unless otherwise specified	Jun. 29, 2013	Sep. 29, 2012
Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities [Abstract]
Employee compensation, payroll and other taxes	$ 75	$ 95
Interest	50	60
Rebates	61	68
TRA obligation	52
Other	60	77
Total accrued liabilities, current	$ 298	$ 300

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Subsequent Event

9 Months Ended

Jun. 29, 2013

Subsequent Event [Abstract]

Subsequent Event

13. Subsequent Event

In August 2013, the Company made certain modifications to the Berry Plastics Group Inc. 2006 Equity Incentive Plan and the Berry Plastics Group, Inc. 2012 Long-Term Incentive Plan (collectively, the "Plans"), and amended outstanding non-qualified stock option agreements to reflect such modifications. The modifications, which were in-line with market practices of similar sized public companies, include (i) accelerated vesting of all unvested options upon an employee's death or permanent disability (ii) in the event of an employee's qualified retirement, continuation of the normal vesting period applicable to the retiree's unvested options, as well as an extension of the exercise period to the end of the original ten-year term of the retiree's vested options and (iii) all unvested options and stock appreciation rights that were subject to performance-based vesting criteria as of January 1, 2013 (excluding certain IRR performance based options) were modified to time-based vesting.

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Operating Segments

9 Months Ended

Jun. 29, 2013

Operating Segments [Abstract]

Operating Segments

9. Operating Segments

Berry's operations are organized into four reportable segments: Rigid Open Top, Rigid Closed Top, Engineered Materials, and Flexible Packaging. The Company has manufacturing and distribution centers in the United States, Canada, Mexico, Belgium, Australia, Germany, Brazil, Malaysia, and India. The North American operation represents 96% of the Company's net sales, 98% of total long-lived assets, and 97% of the total assets. Selected information by reportable segment is presented in the following table: 

	Quarterly Period Ended		Three Quarterly Periods Ended
	June 29,  2013	June 30, 2012	June 29,    2013	June 30,     2012
Net sales:
Rigid Open Top	$     312	$     329	$     828	$     912
Rigid Closed Top	370	374	1,036	1,085
Rigid Packaging	$     682	$     703	$  1,864	$  1,997
Engineered Materials	351	345	1,030	1,010
Flexible Packaging	188	194	549	555
Total net sales	$     1,221	$     1,242	$     3,443	$     3,562
Operating income (loss):
Rigid Open Top	$        35	$        42	$        95	$     114
Rigid Closed Top	43	28	97	57
Rigid Packaging	$        78	$        70	$     192	$     171
Engineered Materials	31	25	88	48
Flexible Packaging	8	3	16	(1)
Total operating income	$       117	$        98	$       296	$       218
Depreciation and amortization:
Rigid Open Top	$        23	$        22	$        68	$        67
Rigid Closed Top	33	34	98	102
Rigid Packaging	$        56	$        56	$     166	$     169
Engineered Materials	18	17	53	51
Flexible Packaging	12	14	39	43
Total depreciation and amortization	$        86	$        87	$       258	$      263

			June 29,    2013	September 29, 2012
	Total assets:
	Rigid Open Top		$     1,805	$     1,773
	Rigid Closed Top		1,927	1,959
Rigid Packaging		$     3,732		$     3,732
	Engineered Materials		787	873
	Flexible Packaging		526	501
	Total assets		$       5,045	$      5,106
	Goodwill:
	Rigid Open Top		$        681	$        681
	Rigid Closed Top		830	832
	Rigid Packaging		$     1,511	$     1,513
	Engineered Materials		73	73
	Flexible Packaging		49	40
	Total goodwill		$      1,633	$      1,626

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Long-Term Debt (Tables)

9 Months Ended

Jun. 29, 2013

Long-Term Debt [Abstract]

Summary Of Long-Term Debt

	Maturity Date	June 29,    2013	September 29, 2012
Term loan	April 2015	$   1,125	$     1,134
Term loan	February 2020	1,397	—
Revolving line of credit	June 2016	—	73
9½% Second Priority Senior Secured Notes	May 2018	500	500
9¾% Second Priority Senior Secured Notes	January 2021	800	800
Senior Unsecured Term Loan	June 2014	18	39
Retired debt		—	1,845
Debt discount, net		(8)	(11)
Capital leases and other	Various	110	91
		3,942	4,471
Less current portion of long-term debt		(56)	(40)
		$   3,886	$     4,431

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Restructuring And Impairment Charges (Tables)

9 Months Ended

Jun. 29, 2013

Restructuring And Impairment Charges [Abstract]

Components Of Restructuring Charges By Segment

	Quarterly Period Ended		Three Quarterly Periods Ended
	June 29,  2013	June 30, 2012	June 29,    2013	June 30, 2012
Rigid Open Top
Severance and termination benefits	$        —	$         —	$          1	$         —
Total	$        —	$         —	$          1	$         —
Rigid Closed Top
Severance and termination benefits	$        —	$           1	$          2	$          3
Facility exit costs and other	—	1	1	2
Asset impairment	—	—	—	4
Total	$        —	$          2	$          3	$          9
Engineered Materials
Severance and termination benefits	$        —	$          1	$          1	$          3
Facility exit costs and other	1	1	1	2
Asset impairment	—	—	—	16
Total	$          1	$           2	$          2	$         21
Flexible Packaging
Facility exit costs and other	$        —	$         —	$          1	$         —
Total	$       —	$         —	$         1	$         —
Consolidated
Severance and termination benefits	$        —	$           2	$          4	$           6
Facility exit costs and other	1	2	3	4
Asset impairment	—	—	—	20
Total	$          1	$           4	$          7	$         30

Summary Of Activity In Restructuring Accrual

	Severance and termination benefits	Facilities exit costs and other	Non-cash	Total
Balance at October 1, 2011	$         4	$       3	$ —	$   7
Charges	7	4	20	31
Non-cash asset impairment	—	—	(20)	(20)
Cash payments	(7)	(4)	—	(11)
Balance at September 29, 2012	4	3	—	7
Charges	4	3	—	7
Cash payments	(5)	(4)	—	(9)
Balance at June 29, 2013	$         3	$       2	$ —	$   5

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Document And Entity Information	9 Months Ended
	Jun. 29, 2013	Aug. 06, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 29, 2013
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2013
Entity Registrant Name	BERRY PLASTICS GROUP INC
Entity Central Index Key	0001378992
Trading Symbol	bery
Current Fiscal Year End Date	--09-28
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		115,300,000

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Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities (Tables)

9 Months Ended

Jun. 29, 2013

Accrued Expenses, Other Current Liabilities And Other Long-Term Liabilities [Abstract]

Summary Of Accrued Expenses And Other Current Liabilities

	June 29,       2013	September 29, 2012
Employee compensation, payroll and other taxes.	$        75	$        95
Interest	50	60
Rebates	61	68
TRA obligation	52	—
Other	60	77
	$     298	$     300

Summary Of Other Long-Term Liabilities

	June 29,    2013	September 29, 2012
Lease retirement obligation	$        22	$        20
Sale-lease back deferred gain	32	34
Pension liability	80	84
TRA obligation	243	—
Other	17	28
	$     394	$     166