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Equity and Comprehensive Income
 6 Months Ended
Mar. 28, 2014
Equity [Abstract]  
Equity and Comprehensive Income
Equity and Comprehensive Income
Dividends
Under Swiss law, the authority to declare dividends is vested in the general meeting of shareholders, and on March 6, 2013, the Company's shareholders approved a cash dividend of $0.64 per share, payable to shareholders in four quarterly installments of $0.16 in May 2013, August 2013, November 2013 and February 2014. As a result, during the quarter ended March 29, 2013, the Company recorded an accrued dividend of $296 million within accrued and other current liabilities and a corresponding reduction to contributed surplus on the Company's Consolidated Balance Sheet. The third installment of $0.16 was paid on November 14, 2013 to shareholders of record on October 25, 2013. The fourth installment of $0.16 was paid on February 19, 2014 to shareholders of record on January 24, 2014.
On March 5, 2014, the Company's shareholders approved an annual cash dividend of $0.72 per common share. Payment of the dividend is to be made in four quarterly installments of $0.18 from May 2014 through February 2015. As a result, during the quarter ended March 28, 2014, the Company recorded an accrued dividend of $332 million within Accrued and other current liabilities and a corresponding reduction to Contributed surplus on the Company's Consolidated Balance Sheet. The Board of Directors declared the first of these dividend payments to be payable on May 21, 2014, to shareholders of record on April 25, 2014.
Share Repurchase Program
The Company's Board of Directors approved a $600 million share repurchase program in January 2013. During the six months ended March 28, 2014, the Company repurchased approximately 7 million shares for approximately $250 million. In March 2014, the Company's Board of Directors authorized an additional $1.75 billion in share repurchases and as of March 28, 2014, a total of approximately $2 billion in share repurchase authority remained outstanding. Share repurchases reduce the amount of common shares outstanding and decrease the dividends declared on the Consolidated Statement of Stockholders' Equity.
Other Comprehensive Loss
Other comprehensive loss is comprised of the following ($ in millions):
 
For the Quarters Ended
 
For the Six Months Ended
 
March 28,
2014
 
March 29,
2013
 
March 28,
2014
 
March 29,
2013
Foreign currency translation
$
(15
)
 
$
(102
)
 
$
(52
)
 
$
(74
)
Liquidation of foreign entities (1)
—

 
—

 
—

 
(10
)
Income tax expense (2)
—

 
—

 
—

 
(7
)
Foreign currency translation, net of tax
(15
)
 
(102
)
 
(52
)
 
(91
)
Amortization of net actuarial losses (3)
5

 
7

 
10

 
13

Income tax expense
(1
)
 
(2
)
 
(3
)
 
(4
)
Defined benefit and post retirement plans, net of tax
4

 
5

 
7

 
9

Unrealized loss on marketable securities and derivative instruments (4)
—

 
—

 
—

 
(1
)
Income tax benefit
—

 
—

 
—

 
2

Unrealized gain on marketable securities and derivative instruments, net of tax
—

 
—

 
—

 
1

Other comprehensive loss, net of tax
(11
)
 
(97
)
 
(45
)
 
(81
)
Less: Other comprehensive (loss) income attributable to noncontrolling interests
—

 
(2
)
 
2

 
—

Other comprehensive loss attributable to Tyco common shareholders
$
(11
)
 
$
(95
)
 
$
(47
)
 
$
(81
)
_______________________________________________________________________________

(1) During the six months ended March 29, 2013, $10 million of cumulative translation gains were transferred from foreign currency translation and included in Income from Discontinued Operations in the Consolidated Statements of Operations as a result of the sale of foreign entities.
(2) Income tax expense on the net investment hedge was $7 million for the six months ended March 29, 2013.
(3) Reclassified to net periodic benefit cost. See Note 12 Retirement Plans for additional information.
(4) Reclassified realized gain (loss) on marketable securities and derivative instruments to Other expense, net.

A summary of the changes in each component of accumulated other comprehensive loss, net of tax, for the six months ended March 28, 2014 are as follows ($ in millions):
 
Currency
Translation
Adjustments
 
Retirement
Plans
 
Accumulated Other
Comprehensive Loss
Balance as of September 27, 2013
$
(521
)
 
$
(466
)
 
$
(987
)
Other comprehensive loss before reclassifications, net of tax
(52
)
 
—

 
(52
)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax
—

 
7

 
7

Other comprehensive (loss) income, net of tax
(52
)
 
7

 
(45
)
Balance as of March 28, 2014
$
(573
)
 
$
(459
)
 
$
(1,032
)