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Equity and Comprehensive Income (Tables)
 9 Months Ended
Jun. 24, 2016
Equity [Abstract]  
Schedule of Comprehensive Income (Loss)
Comprehensive income (loss) is comprised of the following ($ in millions):
 
For the Quarters Ended
 
For the Nine Months Ended
 
June 24,
2016
 
June 26,
2015
 
June 24,
2016
 
June 26,
2015
Net income
$
238

 
$
156

 
$
459

 
$
482

Gain (loss) on foreign currency translation (1)
7

 
25

 
(21
)
 
(349
)
(Loss) gain on liquidation of foreign entities (2)
(1
)
 
3

 
28

 
3

Foreign currency translation
6

 
28

 
7

 
(346
)
Amortization of net actuarial losses (3)
7

 
6

 
20

 
17

Income tax expense
(2
)
 
(2
)
 
(7
)
 
(4
)
Defined benefit and post retirement plans, net of tax
5

 
4

 
13

 
13

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

 
(6
)
 
9

 
(6
)
Income tax (expense) benefit
(1
)
 
2

 
(3
)
 
2

Unrealized gain (loss) on marketable securities and derivative instruments, net of tax
3

 
(4
)
 
6

 
(4
)
  Total other comprehensive income (loss), net of tax
14

 
28

 
26

 
(337
)
Comprehensive income
252

 
184

 
485

 
145

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

 
(2
)
 
(3
)
Comprehensive income attributable to Tyco ordinary shareholders
$
253

 
$
184

 
$
487

 
$
148

(1) Includes loss of $6 million related to the net investment hedge for both the quarter and nine months ended June 24, 2016. Includes loss of $12 million and gain of $8 million related to the net investment hedge for the quarter and nine months ended June 26, 2015, respectively. See Note 10.
(2) During the quarter ended June 24, 2016, $1 million of cumulative translation gains were transferred from currency translation adjustments to Selling, general and administrative expense within the Consolidated Statements of Operations as a result of the sale of a foreign entity. During the quarter ended March 25, 2016, $31 million of cumulative translation losses were transferred from currency translation adjustments as a result of the sale of a foreign entity. Of this amount, $24 million was applied against a provision for cumulative translation losses within the Consolidated Balance Sheets which was established during the first quarter of fiscal 2016 and $7 million was transferred to Selling, general and administrative expense within the Consolidated Statements of Operations. Additionally, during the quarter ended March 25, 2016, $2 million of cumulative translation gains were transferred from currency translation adjustments and are included in Income (loss) from discontinued operations, net of income taxes within the Consolidated Statements of Operations as a result of the sale of another foreign entity. During both the quarter and nine months ended June 26, 2015, $3 million of cumulative translation losses were transferred from foreign currency translation and included in (Loss) income from discontinued operations in the Consolidated Statements of Operations as a result of the sale of foreign entities.
(3) Reclassified to net periodic (benefit) cost. See Note 12.
(4) When sold, the gain (loss) will be reclassified to realized gain (loss) on marketable securities and derivative instruments and be recorded in Other (expense) income, net within the Consolidated Statements of Operations.
Summary of Changes in Each Component of Accumulated Other Comprehensive Loss, Net
A summary of the changes in each component of Accumulated other comprehensive loss, net of tax, for the nine months ended June 24, 2016 and June 26, 2015 are as follows ($ in millions):
 
Currency
Translation
Adjustments
 
Unrealized (Loss) Gain on
Marketable
Securities and
Derivative
Instruments
 
Retirement
Plans
 
Accumulated Other
Comprehensive Loss
Balance as of September 25, 2015
$
(1,233
)
 
$
(9
)
 
$
(599
)
 
$
(1,841
)
Other comprehensive (loss) income, net of tax
(21
)
 
6

 
—

 
(15
)
Amounts reclassified from accumulated other comprehensive income, net of tax
28

 
—

 
13

 
41

Net current period other comprehensive income
$
7

 
$
6

 
$
13

 
$
26

Balance as of June 24, 2016
$
(1,226
)
 
$
(3
)
 
$
(586
)
 
$
(1,815
)

 
Currency
Translation
Adjustments
 
Unrealized Loss on
Marketable
Securities and
Derivative
Instruments
 
Retirement
Plans
 
Accumulated Other
Comprehensive Loss
Balance as of September 26, 2014
$
(693
)
 
$
—

 
$
(532
)
 
$
(1,225
)
Other comprehensive loss, net of tax
(349
)
 
—

 
—

 
(349
)
Amounts reclassified from accumulated other comprehensive income, net of tax
3

 
(4
)
 
13

 
12

Net current period other comprehensive (loss) income
$
(346
)
 
$
(4
)
 
$
13

 
$
(337
)
Balance as of June 26, 2015
$
(1,039
)
 
$
(4
)
 
$
(519
)
 
$
(1,562
)