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Equity and Comprehensive Income
 9 Months Ended
Jun. 27, 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 first installment was paid on May 21, 2014 to shareholders of record on April 25, 2014. The second installment will be paid on August 20, 2014 to shareholders of record on July 25, 2014. The third and fourth installments will be paid in November 2014 and February 2015, respectively.
Share Repurchase Program
The Company's Board of Directors approved a $600 million share repurchase program in January 2013. In March 2014, the Company's Board of Directors authorized an additional $1.75 billion in share repurchases. During the quarter ended June 27, 2014, the Company repurchased a total of approximately 13 million shares for approximately $556 million. During the nine months ended June 27, 2014, the Company repurchased a total of approximately 20 million shares for approximately $806 million. As of June 27, 2014, a total of approximately $1.4 billion in share repurchase authority remained outstanding. Share repurchases reduce the amount of common shares outstanding and decrease the accrued dividend liability on the Consolidated Statement of Stockholders' Equity, as shares repurchased by the Company or its subsidiaries are not entitled to dividends.
Other Comprehensive Income (Loss)
Other comprehensive income (loss) is comprised of the following ($ in millions):
 
For the Quarters Ended
 
For the Nine Months Ended
 
June 27,
2014
 
June 28,
2013
 
June 27,
2014
 
June 28,
2013
Foreign currency translation
$
68

 
$
(135
)
 
$
16

 
$
(209
)
Liquidation of foreign entities (1)
(40
)
 
1

 
(40
)
 
(9
)
Income tax expense (2)
—

 
—

 
—

 
(7
)
Foreign currency translation, net of tax
28

 
(134
)
 
(24
)
 
(225
)
Amortization of net actuarial losses (3)
11

 
7

 
21

 
20

Income tax expense
(2
)
 
(2
)
 
(5
)
 
(6
)
Defined benefit and post retirement plans, net of tax
9

 
5

 
16

 
14

Unrealized loss on marketable securities and derivative instruments (4)
(1
)
 
(2
)
 
(1
)
 
(3
)
Income tax benefit
1

 
1

 
1

 
3

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

 
(1
)
 
—

 
—

Other comprehensive income (loss), net of tax
37

 
(130
)
 
(8
)
 
(211
)
Less: Other comprehensive income attributable to noncontrolling interests
2

 
—

 
3

 
—

Other comprehensive income (loss) attributable to Tyco common shareholders
$
35

 
$
(130
)
 
$
(11
)
 
$
(211
)
_______________________________________________________________________________

(1) During the nine months ended June 28, 2013, and the quarter ended June 27, 2014, $9 million and $40 million respectively 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 nine months ended June 28, 2013.
(3) Reclassified to net periodic benefit cost. See Note 12 Retirement Plans for additional information. During the quarter ended June 27, 2014, $5 million of net actuarial losses were transferred from amortization of net actuarial losses and included in Income from discontinued operations in the Consolidated Statements of Operations as a result of the sale of foreign entities.
(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 nine months ended June 27, 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
16

 
—

 
16

Amounts reclassified from accumulated other comprehensive income (loss), net of tax
(40
)
 
16

 
(24
)
Other comprehensive (loss) income, net of tax
(24
)
 
16

 
(8
)
Balance as of June 27, 2014
$
(545
)
 
$
(450
)
 
$
(995
)