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Shareholders' Equity and Comprehensive Income Shareholders' Equity and Comprehensive Income (Tables)
12 Months Ended
Sep. 26, 2014
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:
 
2014 Share
Repurchase Programs
 
2013 Share
Repurchase Program
 
2011 Share
Repurchase Program
 
Shares
(in millions)
 
Amounts
($ in billions)
 
Shares
(in millions)
 
Amounts
($ in billions)
 
Shares
(in millions)
 
Amounts
($ in billions)
Approved Repurchase Amount
 

 
$
2.8

 
 

 
$
0.6

 
 

 
$
1.0

Repurchases
 
 
 
 
 
 
 
 
 
 
 
Fiscal 2014
30.0

 
1.4

 
12.0

 
0.5

 
 
 
 
Fiscal 2013
N/A

 
N/A

 
3.0

 
0.1

 
7.0

 
0.2

Fiscal 2012
N/A

 
N/A

 
N/A

 
N/A

 
11.0

 
0.5

Fiscal 2011
N/A

 
N/A

 
N/A

 
N/A

 
6.0

 
0.3

Remaining Amount Available
 
 
$
1.4

 
 
 
$

 
 
 
$

Comprehensive income (loss)
 
2014
 
2013
 
2012
Net income
$
1,839

 
$
533

 
$
471

Foreign currency translation
(133
)
 
(85
)
 
92

  Liquidation of foreign entities (1)
(40
)
 
(9
)
 
2

Income tax expense (2)
(1
)
 
(6
)
 
(1
)
Foreign currency translation, net of tax
(174
)
 
(100
)
 
93

Net actuarial (losses) gains
(102
)
 
109

 
(212
)
Amortization reclassified into earnings (3)
22

 
26

 
22

Foreign currency and other
(2
)
 
(2
)
 
(15
)
Income tax benefit (expense)
18

 
(54
)
 
42

Defined benefit and post retirement plans, net of tax
(64
)
 
79

 
(163
)
Unrealized (loss) gain on marketable securities and derivative instruments (4)
(1
)
 
2

 
(1
)
Income tax benefit (expense)
1

 
(2
)
 
1

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

 

 

Total other comprehensive loss, net of tax
(238
)
 
(21
)
 
(70
)
Comprehensive income
1,601

 
512

 
401

Less: comprehensive gain (loss) attributable to noncontrolling interests
1

 
(3
)
 
(1
)
Comprehensive income attributable to Tyco common shareholders
$
1,600

 
$
515

 
$
402

(1)
During the years ended September 26, 2014, September 27, 2013 and September 28, 2012, $40 million of cumulative translation gains, $9 million of cumulative translation gains and $2 million of cumulative translation losses, respectively, were transferred from currency translation adjustments as a result of the sale of foreign entities. Of these amounts, $40 million, nil and $2 million, respectively, are included in Income from discontinued operations in the Consolidated Statements of Operations.
(2)
Income tax expense on the net investment hedge was $1 million, $6 million, and $1 million for the years ended September 26, 2014, September 27, 2013 and September 28, 2012.
(3) 
Reclassified to net periodic benefit cost. See Note 14 Retirement Plans for additional information. During the year ended September 26, 2014, $6 million of net actuarial losses were transferred from amortization of net actuarial losses and included in Income from discontinued operations in the Consolidated Statements of Operations as a result of the sale of foreign entities.
(4) 
Reclassified realized gain (loss) on marketable securities and derivative instruments to Other expense, net.
Components of accumulated other comprehensive loss
The components of Accumulated other comprehensive loss are as follows ($ in millions):
 
Currency
Translation
Adjustments
 
Retirement
Plans
 
Accumulated Other
Comprehensive Loss
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
(100
)
 
79

 
(21
)
Balance as of September 27, 2013
(519
)
 
(468
)
 
(987
)
Other comprehensive loss, net of tax
(174
)
 
(64
)
 
(238
)
Balance as of September 26, 2014
$
(693
)
 
$
(532
)
 
$
(1,225
)