XML 19 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Mar. 25, 2016
Mar. 27, 2015
Cash Flows From Operating Activities:    
Net income attributable to Tyco ordinary shareholders $ 222 $ 329
Noncontrolling interest in subsidiaries net income (1) (3)
(Income) loss from discontinued operations, net of income taxes (5) 18
Income from continuing operations 216 344
Adjustments to reconcile net cash provided by operating activities:    
Depreciation and amortization 167 171
Non-cash compensation expense 27 30
Deferred income taxes 62 (29)
Provision for losses on accounts receivable and inventory 29 34
Loss on extinguishment of debt 168 0
Legacy Legal Matters Reversal 19 0
Loss on divestitures, net 69 23
Gain on investments, net (114) (7)
Other non-cash items 5 7
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:    
Accounts receivable, net 38 22
Contracts in progress (54) (30)
Inventories (56) (64)
Prepaid expenses and other assets (30) (66)
Accounts payable 2 (87)
Accrued and other liabilities (133) (56)
Change in tax sharing agreement payables (122) 0
Income taxes, net 13 1
Other 45 (31)
Net cash provided by operating activities 313 262
Net cash (used in) provided by discontinued operating activities (11) 3
Cash Flows From Investing Activities:    
Capital expenditures (143) (123)
Acquisition of businesses, net of cash acquired (314) (525)
Acquisition of dealer generated customer accounts and bulk account purchases (11) (8)
Proceeds from Divestiture of Businesses, Net of Cash Divested 9 (1)
Sales and maturities of investments including restricted investments 8 279
Purchases of investments including restricted investments (7) (288)
Decrease (increase) in restricted cash 24 (39)
Other 1 2
Net cash used in investing activities (433) (703)
Net cash provided by (used in) discontinued investing activities 4 (15)
Cash Flows From Financing Activities:    
Proceeds from issuance of short-term debt 2,498 0
Repayment of short-term debt (2,098) (1)
Repayment of current portion of long-term debt (1,134) 0
Proceeds from Issuance of Long-term Debt 0 567
Proceeds from exercise of share options 26 57
Dividends paid (174) (151)
Repurchase of ordinary shares 0 (417)
Transfer to discontinued operations (7) (12)
Payment of contingent consideration (1) (23)
Payments of Debt Issuance Costs (23) (4)
Other (13) (19)
Net cash used in financing activities (926) (3)
Net cash provided by discontinued financing activities 7 12
Effect of currency translation on cash (10) (16)
Net decrease in cash and cash equivalents (1,056) (460)
Cash and cash equivalents at beginning of period 1,401 $ 892
Cash and cash equivalents at end of period $ 345