Merger Costs

On January 24, 2016, Tyco entered into a Merger Agreement with Johnson Controls. See Note 1. The Company expects to incur transaction related costs ("Merger Costs") in connection with activities taken in anticipation of the Merger, primarily related to financing, investment banking, advisory, legal, valuation, and other professional fees, and retention related costs for certain Tyco employees. The Company incurred pre-tax merger costs within continuing operations of $19 million and $45 million during the quarter and nine months ended June 24, 2016, respectively, primarily related to financing, advisory and professional fees. The Company received no tax benefits during the quarter and nine months ended June 24, 2016 related to these charges. The Company did not incur merger costs during the nine months ended June 26, 2015.

Merger costs were classified in continuing operations within the Company's Consolidated Statement of Operations as follows ($ in millions):



	For the Quarter Ended		For the Nine Months Ended
	June 24, 2016		June 24, 2016
Selling, general and administrative	$	12	$	12
Merger costs	7		33
Total	$	19	$	45