XML 94 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
Equity and Comprehensive Income (Tables)
9 Months Ended
Jun. 27, 2014
Equity [Abstract]  
Comprehensive Income (Loss)
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, $5 million of net actuarial losses were transferred from amortization of net actuarial losses and included in Income from discontinued operations in the Consolidated Statements of Operations as a result of the sale of foreign entities.
(4) Reclassified realized gain (loss) on marketable securities and derivative instruments to Other expense, net.
Components of accumulated other comprehensive (loss) income
A summary of the changes in each component of accumulated other comprehensive loss, net of tax, for the nine months ended June 27, 2014 are as follows ($ 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
)