XML 83 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
Shareholders' Equity and Comprehensive Income (Tables)
12 Months Ended
Sep. 27, 2013
Stockholders' Equity Note [Abstract]  
Schedule of repurchases made under each of the Company's repurchase programs
Shares repurchased by the Company by fiscal year and share repurchase program are provided below:

 
2013 Share
Repurchase Program
 
2011 Share
Repurchase Program
 
2010 Share
Repurchase Program
 
Shares
(in millions)
 
Amounts
($ in billions)
 
Shares
(in millions)
 
Amounts
($ in billions)
 
Shares
(in millions)
 
Amounts
($ in billions)
Approved Repurchase Amount
 

 
$
0.6

 
 

 
$
1.0

 
 

 
$
1.0

Repurchases
 
 
 
 
 
 
 
 
 
 
 
Fiscal 2013
3.0

 
0.1

 
7.0

 
0.2

 
N/A

 
N/A

Fiscal 2012
N/A

 
N/A

 
11.0

 
0.5

 
N/A

 
N/A

Fiscal 2011
N/A

 
N/A

 
6.0

 
0.3

 
24.0

 
1.0

Remaining Amount Available
 
 
$
0.5

 
 
 
$

 
 
 
$

Comprehensive income (loss)
 
2013
 
2012
 
2011
Net income
$
533

 
$
471

 
$
1,720

Foreign currency translation
(87
)
 
92

 
21

Liquidation of foreign entities (1)
(9
)
 
2

 
(164
)
Income tax expense (2)
(6
)
 
(1
)
 

Foreign currency translation, net of tax
(102
)
 
93

 
(143
)
Net actuarial gains (losses)
109

 
(212
)
 
(30
)
Amortization reclassified into earnings
26

 
22

 
21

Settlements/curtailments reclassified to earnings

 

 
(1
)
Foreign currency and other

 
(15
)
 
(2
)
Divestiture of business

 

 
33

Income tax (expense) benefit
(54
)
 
42

 
12

Defined benefit and post retirement plans, net of tax
81

 
(163
)
 
33

Unrealized gain (loss) on marketable securities and derivative instruments
2

 
(1
)
 
(2
)
Income tax (expense) benefit
(2
)
 
1

 
(2
)
Unrealized loss on marketable securities and derivative instruments, net of tax

 

 
(4
)
Deconsolidation of variable interest entity due to adoption of an accounting standard

 

 
(11
)
Total other comprehensive loss, net of tax
(21
)
 
(70
)
 
(125
)
Comprehensive income
512

 
401

 
1,595

Less: comprehensive loss attributable to noncontrolling interests
(3
)
 
(1
)
 
(10
)
Comprehensive income attributable to Tyco common shareholders
$
515

 
$
402

 
$
1,605

(1)
During the years ended September 27, 2013, September 28, 2012 and September 30, 2011, $9 million of cumulative translation gains, $2 million of cumulative translation loss and $164 million of cumulative translation gains, respectively, were transferred from currency translation adjustments as a result of the sale of foreign entities. Of these amounts, nil, $2 million and $126 million, respectively, are included in income from discontinued operations.
(2)
Income tax on the net investment hedge was $6 million of an income tax expense for the year ended September 27, 2013, $1 million of an income tax expense for the year ended September 28, 2012 and nil for the year ended September 30, 2011.

Components of accumulated other comprehensive loss
The components of accumulated other comprehensive loss are as follows ($ in millions):
 
Currency
Translation
Adjustments
 
Unrealized Gain
(Loss) on
Marketable
Securities and
Derivative
Instruments
 
Retirement
Plans
 
Accumulated Other
Comprehensive Loss
Balance as of September 24, 2010
$
213

 
$
4

 
$
(539
)
 
$
(322
)
Other comprehensive (loss) income, net of tax
(143
)
 
(4
)
 
33

 
(114
)
Balance as of September 30, 2011
70

 

 
(506
)
 
(436
)
Other comprehensive income (loss), net of tax
93

 

 
(163
)
 
(70
)
Distribution of Tyco Flow Control and ADT
(582
)
 

 
122

 
(460
)
Balance as of September 28, 2012
(419
)
 

 
(547
)
 
(966
)
Other comprehensive (loss) income, net of tax
(102
)
 

 
81

 
(21
)
Balance as of September 27, 2013
$
(521
)
 
$

 
$
(466
)
 
$
(987
)