Guarantor Financial Statements (Details) - USD ($) $ in Millions |
3 Months Ended |
6 Months Ended |
|
|
Mar. 25, 2016 |
Mar. 27, 2015 |
Mar. 25, 2016 |
Mar. 27, 2015 |
Sep. 25, 2015 |
Sep. 26, 2014 |
Statements of Operations |
|
|
|
|
|
|
Net revenue |
$ 2,331
|
$ 2,430
|
$ 4,707
|
$ 4,908
|
|
|
Cost of product sales |
968
|
999
|
1,930
|
2,021
|
|
|
Cost of services |
506
|
550
|
1,042
|
1,097
|
|
|
Selling, general and administrative expenses |
602
|
648
|
1,175
|
1,300
|
|
|
Separation Transaction and Merger Costs |
26
|
0
|
26
|
0
|
|
|
Restructuring and asset impairment charges, net |
4
|
12
|
16
|
70
|
|
|
Operating income |
225
|
221
|
518
|
420
|
|
|
Interest income |
4
|
4
|
8
|
7
|
|
|
Interest expense |
(22)
|
(25)
|
(46)
|
(49)
|
|
|
Other (expense) income, net |
0
|
(1)
|
(165)
|
3
|
|
|
Equity in net income of subsidiaries |
0
|
0
|
0
|
0
|
|
|
Intercompany interest and fees |
0
|
0
|
0
|
0
|
|
|
Income from continuing operations before income taxes |
207
|
199
|
315
|
381
|
|
|
Income tax expense |
(63)
|
(18)
|
(99)
|
(37)
|
|
|
Income from continuing operations |
144
|
181
|
216
|
344
|
|
|
Income (loss) from discontinued operations, net of income taxes |
1
|
(16)
|
5
|
(18)
|
|
|
Net income |
145
|
165
|
221
|
326
|
|
|
Less: noncontrolling interest in subsidiaries net loss |
(1)
|
(2)
|
(1)
|
(3)
|
|
|
Net income attributable to Tyco ordinary shareholders |
146
|
167
|
222
|
329
|
|
|
Statement of Comprehensive Income |
|
|
|
|
|
|
Net income |
145
|
165
|
221
|
326
|
|
|
Other comprehensive income (loss), net of tax |
|
|
|
|
|
|
Foreign currency translation |
44
|
(176)
|
1
|
(374)
|
|
|
Defined benefit and post retirement plans |
3
|
4
|
8
|
9
|
|
|
Unrealized gain on marketable securities and derivative instruments, net of tax |
2
|
0
|
3
|
0
|
|
|
Total other comprehensive income (loss), net of tax |
49
|
(172)
|
12
|
(365)
|
|
|
Comprehensive (loss) income |
194
|
(7)
|
233
|
(39)
|
|
|
Less: comprehensive loss attributable to noncontrolling interests |
(1)
|
(2)
|
(1)
|
(3)
|
|
|
Comprehensive income (loss) attributable to Tyco ordinary shareholders |
195
|
(5)
|
234
|
(36)
|
|
|
Cash Flows From Operating Activities: |
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
|
|
313
|
262
|
|
|
Net cash used in discontinued operating activities |
|
|
(11)
|
3
|
|
|
Cash Flows From Investing Activities: |
|
|
|
|
|
|
Capital expenditures |
|
|
(143)
|
(123)
|
|
|
Acquisition of businesses, net of cash acquired |
(128)
|
(373)
|
(314)
|
(525)
|
|
|
Acquisition of dealer generated customer accounts and bulk account purchases |
|
|
(11)
|
(8)
|
|
|
Net Increase in Intercompany Loans |
|
|
0
|
0
|
|
|
Proceeds from Divestiture of Businesses, Net of Cash Divested |
|
|
9
|
(1)
|
|
|
Sales and maturities of investments including restricted investments |
|
|
8
|
279
|
|
|
Payments to Acquire 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
|
|
|
Proceeds from Issuance of Long-term Debt |
|
|
0
|
567
|
|
|
Proceeds from Issuance of Other Long-term Debt |
|
|
|
567
|
|
|
Repayment of short-term debt |
|
|
(2,098)
|
(1)
|
|
|
Repayment of current portion of long-term debt |
|
|
(1,134)
|
0
|
|
|
Goodwill |
4,460
|
|
4,460
|
|
$ 4,234
|
$ 4,119
|
Proceeds from exercise of share options |
|
|
26
|
57
|
|
|
Dividends paid |
|
|
(174)
|
(151)
|
|
|
Repurchase of ordinary shares by treasury |
|
|
0
|
(417)
|
|
|
Net intercompany loan repayments |
|
|
0
|
0
|
|
|
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
|
|
345
|
|
|
|
Tyco International plc |
|
|
|
|
|
|
Statements of Operations |
|
|
|
|
|
|
Selling, general and administrative expenses |
2
|
2
|
4
|
5
|
|
|
Operating income |
(2)
|
(2)
|
(4)
|
(5)
|
|
|
Interest income |
0
|
0
|
0
|
0
|
|
|
Interest expense |
0
|
0
|
0
|
0
|
|
|
Other (expense) income, net |
0
|
0
|
0
|
0
|
|
|
Equity in net income of subsidiaries |
145
|
152
|
163
|
295
|
|
|
Intercompany interest and fees |
5
|
17
|
65
|
39
|
|
|
Income from continuing operations before income taxes |
148
|
167
|
224
|
329
|
|
|
Income tax expense |
(2)
|
0
|
(2)
|
0
|
|
|
Income from continuing operations |
146
|
167
|
222
|
329
|
|
|
Income (loss) from discontinued operations, net of income taxes |
0
|
0
|
0
|
0
|
|
|
Net income |
146
|
167
|
222
|
329
|
|
|
Net income attributable to Tyco ordinary shareholders |
146
|
167
|
222
|
329
|
|
|
Statement of Comprehensive Income |
|
|
|
|
|
|
Net income |
146
|
167
|
222
|
329
|
|
|
Other comprehensive income (loss), net of tax |
|
|
|
|
|
|
Foreign currency translation |
44
|
(176)
|
1
|
(374)
|
|
|
Defined benefit and post retirement plans |
3
|
4
|
8
|
9
|
|
|
Unrealized gain on marketable securities and derivative instruments, net of tax |
2
|
|
3
|
|
|
|
Total other comprehensive income (loss), net of tax |
49
|
(172)
|
12
|
(365)
|
|
|
Comprehensive (loss) income |
195
|
(5)
|
234
|
(36)
|
|
|
Less: comprehensive loss attributable to noncontrolling interests |
|
0
|
|
|
|
|
Comprehensive income (loss) attributable to Tyco ordinary shareholders |
$ 195
|
(5)
|
234
|
(36)
|
|
|
Cash Flows From Operating Activities: |
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
|
|
160
|
20
|
|
|
Cash Flows From Investing Activities: |
|
|
|
|
|
|
Proceeds from Divestiture of Businesses, Net of Cash Divested |
|
|
|
0
|
|
|
Net cash used in investing activities |
|
|
0
|
0
|
|
|
Cash Flows From Financing Activities: |
|
|
|
|
|
|
Proceeds from exercise of share options |
|
|
26
|
50
|
|
|
Dividends paid |
|
|
(174)
|
(151)
|
|
|
Net intercompany loan repayments |
|
|
0
|
83
|
|
|
Transfer to discontinued operations |
|
|
|
0
|
|
|
Other |
|
|
(12)
|
(2)
|
|
|
Net cash used in financing activities |
|
|
$ (160)
|
(20)
|
|
|
Net cash provided by discontinued financing activities |
|
|
|
0
|
|
|
Tyco International Finance S.A. |
|
|
|
|
|
|
Condensed Financial Statements, Captions |
|
|
|
|
|
|
Ownership Percentage of Subsidiary by Parent |
100.00%
|
|
100.00%
|
|
|
|
Statements of Operations |
|
|
|
|
|
|
Selling, general and administrative expenses |
$ 1
|
0
|
$ 1
|
1
|
|
|
Separation Transaction and Merger Costs |
10
|
|
10
|
|
|
|
Operating income |
(11)
|
0
|
(11)
|
(1)
|
|
|
Interest expense |
(22)
|
(24)
|
(45)
|
(48)
|
|
|
Other (expense) income, net |
(1)
|
(2)
|
(166)
|
2
|
|
|
Equity in net income of subsidiaries |
156
|
160
|
335
|
287
|
|
|
Intercompany interest and fees |
22
|
24
|
47
|
51
|
|
|
Income from continuing operations before income taxes |
144
|
158
|
160
|
291
|
|
|
Income tax expense |
0
|
0
|
0
|
0
|
|
|
Income from continuing operations |
144
|
158
|
160
|
291
|
|
|
Net income |
144
|
158
|
160
|
291
|
|
|
Net income attributable to Tyco ordinary shareholders |
144
|
158
|
160
|
291
|
|
|
Statement of Comprehensive Income |
|
|
|
|
|
|
Net income |
144
|
158
|
160
|
291
|
|
|
Other comprehensive income (loss), net of tax |
|
|
|
|
|
|
Foreign currency translation |
(13)
|
16
|
1
|
15
|
|
|
Defined benefit and post retirement plans |
|
0
|
|
|
|
|
Unrealized gain on marketable securities and derivative instruments, net of tax |
0
|
|
0
|
|
|
|
Total other comprehensive income (loss), net of tax |
(13)
|
16
|
1
|
15
|
|
|
Comprehensive (loss) income |
131
|
174
|
161
|
306
|
|
|
Less: comprehensive loss attributable to noncontrolling interests |
|
0
|
|
|
|
|
Comprehensive income (loss) attributable to Tyco ordinary shareholders |
131
|
174
|
161
|
306
|
|
|
Cash Flows From Operating Activities: |
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
|
|
701
|
(504)
|
|
|
Cash Flows From Investing Activities: |
|
|
|
|
|
|
Net Increase in Intercompany Loans |
|
|
28
|
(59)
|
|
|
Proceeds from Divestiture of Businesses, Net of Cash Divested |
|
|
|
0
|
|
|
Sales and maturities of investments including restricted investments |
|
|
5
|
|
|
|
Payments to Acquire Investments |
|
|
0
|
|
|
|
Net cash used in investing activities |
|
|
33
|
(59)
|
|
|
Cash Flows From Financing Activities: |
|
|
|
|
|
|
Proceeds from issuance of short-term debt |
|
|
2,498
|
|
|
|
Proceeds from Issuance of Other Long-term Debt |
|
|
|
567
|
|
|
Repayment of short-term debt |
|
|
(2,098)
|
0
|
|
|
Repayment of current portion of long-term debt |
|
|
(1,134)
|
|
|
|
Transfer to discontinued operations |
|
|
|
0
|
|
|
Payments of Debt Issuance Costs |
|
|
|
(4)
|
|
|
Other |
|
|
0
|
|
|
|
Net cash used in financing activities |
|
|
(734)
|
563
|
|
|
Other Subsidiaries |
|
|
|
|
|
|
Statements of Operations |
|
|
|
|
|
|
Net revenue |
2,331
|
2,430
|
4,707
|
4,908
|
|
|
Cost of product sales |
968
|
999
|
1,930
|
2,021
|
|
|
Cost of services |
506
|
550
|
1,042
|
1,097
|
|
|
Selling, general and administrative expenses |
599
|
646
|
1,170
|
1,294
|
|
|
Separation Transaction and Merger Costs |
16
|
|
16
|
|
|
|
Restructuring and asset impairment charges, net |
4
|
12
|
16
|
70
|
|
|
Operating income |
238
|
223
|
533
|
426
|
|
|
Interest income |
4
|
4
|
8
|
7
|
|
|
Interest expense |
0
|
(1)
|
(1)
|
(1)
|
|
|
Other (expense) income, net |
1
|
1
|
1
|
1
|
|
|
Intercompany interest and fees |
(27)
|
(41)
|
(112)
|
(90)
|
|
|
Income from continuing operations before income taxes |
216
|
186
|
429
|
343
|
|
|
Income tax expense |
(61)
|
(18)
|
(97)
|
(37)
|
|
|
Income from continuing operations |
155
|
168
|
332
|
306
|
|
|
Income (loss) from discontinued operations, net of income taxes |
1
|
(16)
|
5
|
(18)
|
|
|
Net income |
156
|
152
|
337
|
288
|
|
|
Less: noncontrolling interest in subsidiaries net loss |
(1)
|
(2)
|
(1)
|
(3)
|
|
|
Net income attributable to Tyco ordinary shareholders |
157
|
154
|
338
|
291
|
|
|
Statement of Comprehensive Income |
|
|
|
|
|
|
Net income |
156
|
152
|
337
|
288
|
|
|
Other comprehensive income (loss), net of tax |
|
|
|
|
|
|
Foreign currency translation |
57
|
(192)
|
0
|
(389)
|
|
|
Defined benefit and post retirement plans |
3
|
4
|
8
|
9
|
|
|
Unrealized gain on marketable securities and derivative instruments, net of tax |
2
|
|
3
|
|
|
|
Total other comprehensive income (loss), net of tax |
62
|
(188)
|
11
|
(380)
|
|
|
Comprehensive (loss) income |
218
|
(36)
|
348
|
(92)
|
|
|
Less: comprehensive loss attributable to noncontrolling interests |
(1)
|
(2)
|
(1)
|
(3)
|
|
|
Comprehensive income (loss) attributable to Tyco ordinary shareholders |
219
|
(34)
|
349
|
(89)
|
|
|
Cash Flows From Operating Activities: |
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
|
|
(548)
|
746
|
|
|
Net cash used in 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)
|
|
|
Net Increase in Intercompany Loans |
|
|
0
|
0
|
|
|
Proceeds from Divestiture of Businesses, Net of Cash Divested |
|
|
9
|
(1)
|
|
|
Sales and maturities of investments including restricted investments |
|
|
3
|
279
|
|
|
Payments to Acquire Investments |
|
|
(7)
|
(288)
|
|
|
Decrease (increase) in restricted cash |
|
|
24
|
(39)
|
|
|
Other |
|
|
1
|
2
|
|
|
Net cash used in investing activities |
|
|
(438)
|
(703)
|
|
|
Net cash provided by (used in) discontinued investing activities |
|
|
4
|
(15)
|
|
|
Cash Flows From Financing Activities: |
|
|
|
|
|
|
Proceeds from issuance of short-term debt |
|
|
0
|
|
|
|
Repayment of short-term debt |
|
|
0
|
(1)
|
|
|
Goodwill |
4,460
|
|
4,460
|
|
$ 4,234
|
|
Proceeds from exercise of share options |
|
|
0
|
7
|
|
|
Dividends paid |
|
|
|
0
|
|
|
Repurchase of ordinary shares by treasury |
|
|
|
(417)
|
|
|
Net intercompany loan repayments |
|
|
(28)
|
(24)
|
|
|
Transfer to discontinued operations |
|
|
(7)
|
(12)
|
|
|
Payment of contingent consideration |
|
|
(1)
|
(23)
|
|
|
Payments of Debt Issuance Costs |
|
|
(23)
|
|
|
|
Other |
|
|
(1)
|
(17)
|
|
|
Net cash used in financing activities |
|
|
(60)
|
(487)
|
|
|
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
|
|
345
|
|
|
|
Consolidating Adjustments |
|
|
|
|
|
|
Statements of Operations |
|
|
|
|
|
|
Equity in net income of subsidiaries |
(445)
|
(470)
|
(658)
|
(873)
|
|
|
Intercompany interest and fees |
0
|
0
|
0
|
0
|
|
|
Income from continuing operations before income taxes |
(445)
|
(470)
|
(658)
|
(873)
|
|
|
Income from continuing operations |
(445)
|
(470)
|
(658)
|
(873)
|
|
|
Income (loss) from discontinued operations, net of income taxes |
0
|
0
|
0
|
0
|
|
|
Net income |
(445)
|
(470)
|
(658)
|
(873)
|
|
|
Net income attributable to Tyco ordinary shareholders |
(445)
|
(470)
|
(658)
|
(873)
|
|
|
Statement of Comprehensive Income |
|
|
|
|
|
|
Net income |
(445)
|
(470)
|
(658)
|
(873)
|
|
|
Other comprehensive income (loss), net of tax |
|
|
|
|
|
|
Foreign currency translation |
(44)
|
176
|
(1)
|
374
|
|
|
Defined benefit and post retirement plans |
(3)
|
(4)
|
(8)
|
(9)
|
|
|
Unrealized gain on marketable securities and derivative instruments, net of tax |
(2)
|
|
(3)
|
|
|
|
Total other comprehensive income (loss), net of tax |
(49)
|
172
|
(12)
|
365
|
|
|
Comprehensive (loss) income |
(494)
|
(298)
|
(670)
|
(508)
|
|
|
Less: comprehensive loss attributable to noncontrolling interests |
|
0
|
|
|
|
|
Comprehensive income (loss) attributable to Tyco ordinary shareholders |
(494)
|
(298)
|
(670)
|
(508)
|
|
|
Cash Flows From Investing Activities: |
|
|
|
|
|
|
Net Increase in Intercompany Loans |
|
|
(28)
|
59
|
|
|
Proceeds from Divestiture of Businesses, Net of Cash Divested |
|
|
|
0
|
|
|
Net cash used in investing activities |
|
|
(28)
|
59
|
|
|
Cash Flows From Financing Activities: |
|
|
|
|
|
|
Net intercompany loan repayments |
|
|
28
|
(59)
|
|
|
Other |
|
|
|
0
|
|
|
Net cash used in financing activities |
|
|
28
|
(59)
|
|
|
Net cash provided by discontinued financing activities |
|
|
0
|
0
|
|
|
Effect of currency translation on cash |
|
|
|
0
|
|
|
Tyco Fire & Security Finance SCA [Member] |
|
|
|
|
|
|
Statements of Operations |
|
|
|
|
|
|
Selling, general and administrative expenses |
0
|
0
|
0
|
0
|
|
|
Operating income |
0
|
0
|
0
|
0
|
|
|
Interest income |
0
|
0
|
0
|
0
|
|
|
Interest expense |
0
|
0
|
0
|
0
|
|
|
Other (expense) income, net |
0
|
0
|
0
|
0
|
|
|
Equity in net income of subsidiaries |
144
|
158
|
160
|
291
|
|
|
Intercompany interest and fees |
0
|
0
|
0
|
0
|
|
|
Income from continuing operations before income taxes |
144
|
158
|
160
|
291
|
|
|
Income tax expense |
0
|
0
|
0
|
0
|
|
|
Income from continuing operations |
144
|
158
|
160
|
291
|
|
|
Income (loss) from discontinued operations, net of income taxes |
0
|
0
|
0
|
0
|
|
|
Net income |
144
|
158
|
160
|
291
|
|
|
Net income attributable to Tyco ordinary shareholders |
144
|
158
|
160
|
291
|
|
|
Statement of Comprehensive Income |
|
|
|
|
|
|
Net income |
144
|
158
|
160
|
291
|
|
|
Other comprehensive income (loss), net of tax |
|
|
|
|
|
|
Foreign currency translation |
0
|
0
|
0
|
0
|
|
|
Defined benefit and post retirement plans |
0
|
0
|
0
|
0
|
|
|
Unrealized gain on marketable securities and derivative instruments, net of tax |
0
|
|
0
|
|
|
|
Total other comprehensive income (loss), net of tax |
0
|
0
|
0
|
0
|
|
|
Comprehensive (loss) income |
144
|
158
|
160
|
291
|
|
|
Less: comprehensive loss attributable to noncontrolling interests |
|
0
|
|
|
|
|
Comprehensive income (loss) attributable to Tyco ordinary shareholders |
$ 144
|
$ 158
|
$ 160
|
$ 291
|
|
|