Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Sep. 30, 2014	Oct. 25, 2014	Mar. 30, 2014
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Trading Symbol	TDG
Entity Registrant Name	TRANSDIGM GROUP INC
Entity Central Index Key	0001260221
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		52,459,049
Entity Public Float			$ 9,131,910,309

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
CURRENT ASSETS:
Cash and cash equivalents	$ 819,548	$ 564,740
Trade accounts receivable-Net	351,307	290,449
Inventories-Net	459,074	413,581
Deferred income taxes	37,669	30,182
Prepaid expenses and other	21,978	21,543
Total current assets	1,689,576	1,320,495
PROPERTY, PLANT AND EQUIPMENT-Net	212,108	208,964
GOODWILL	3,525,077	3,343,907
TRADEMARKS AND TRADE NAMES	514,520	485,690
OTHER INTANGIBLE ASSETS-Net	702,633	703,800
DEBT ISSUE COSTS-Net	92,393	72,668
OTHER	20,541	13,355
TOTAL ASSETS	6,756,848	6,148,879
CURRENT LIABILITIES:
Current portion of long-term debt	39,295	31,045
Short-term borrowings-trade receivable securitization facility	200,000
Accounts payable	115,741	106,768
Accrued liabilities	230,871	184,687
Total current liabilities	585,907	322,500
Long-term debt	7,233,836	5,700,193
DEFERRED INCOME TAXES	402,247	384,301
OTHER NON-CURRENT LIABILITIES	90,957	78,266
Total liabilities	8,312,947	6,485,260
STOCKHOLDERS' DEFICIT:
Common stock-$.01 par value; authorized 224,400,000 shares; issued 53,832,246 and 53,172,551 at September 30, 2014 and 2013, respectively	538	532
Additional paid-in capital	794,767	689,935
Accumulated deficit	(2,150,293)	(1,004,244)
Accumulated other comprehensive loss	(25,171)	(6,516)
Treasury stock, at cost; 1,415,100 and 505,400 shares at September 30, 2014 and 2013, respectively	(175,940)	(16,088)
Total stockholders' deficit	(1,556,099)	(336,381)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 6,756,848	$ 6,148,879

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	224,400,000	224,400,000
Common stock, shares issued	53,832,246	53,172,551
Treasury stock, shares	1,415,100	505,400

Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
NET SALES	$ 2,372,906	$ 1,924,400	$ 1,700,208
COST OF SALES	1,105,032	874,838	754,491
GROSS PROFIT	1,267,874	1,049,562	945,717
SELLING AND ADMINISTRATIVE EXPENSES	276,446	254,468	201,709
AMORTIZATION OF INTANGIBLE ASSETS	63,608	45,639	44,233
INCOME FROM OPERATIONS	927,820	749,455	699,775
INTEREST EXPENSE-Net	347,688	270,685	211,906
REFINANCING COSTS	131,622	30,281
INCOME BEFORE INCOME TAXES	448,510	448,489	487,869
INCOME TAX PROVISION	141,600	145,700	162,900
NET INCOME	306,910	302,789	324,969
NET INCOME APPLICABLE TO COMMON STOCK	$ 180,284	$ 131,546	$ 321,670
Net earnings per share-see Note 5:
Basic and diluted	$ 3.16	$ 2.39	$ 5.97
Cash dividends paid per common share	$ 25.00	$ 34.85
Weighted-average shares outstanding:
Basic and diluted	56,993	55,080	53,882

Condensed Consolidated Statements Of Comprehensive Income (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Net income	$ 306,910	$ 302,789	$ 324,969
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(7,653)	4,117	(1,315)
Interest rate swap agreements, net of tax	(6,166)	(3,587)	(2,635)
Pension liability adjustments, net of tax	(4,836)	1,005	(824)
Other comprehensive (loss) income, net of tax	(18,655)	1,535	(4,774)
TOTAL COMPREHENSIVE INCOME	$ 288,255	$ 304,324	$ 320,195

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References+ Details

Consolidated Statement of Changes in Stockholders' (Deficit) Equity (USD $) In Thousands, except Share data	Total	Common Stock	Additional Paid-In Capital	Retained Earnings / (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
BALANCE at Sep. 30, 2011	$ 810,949	$ 508	$ 464,700	$ 364,260	$ (3,277)	$ (15,242)
BALANCE (in shares) at Sep. 30, 2011		50,829,276				(494,100)
Compensation expense recognized for employee stock options	22,151		22,151
Excess tax benefits related to share-based payment arrangements	50,555		50,555
Exercise of employee stock options (in shares)		1,327,029
Exercise of employee stock options	15,710	13	15,697
Treasury stock purchased (in shares)						(11,300)
Treasury stock purchased	(846)					(846)
Common stock issued (in shares)		920
Common stock issued	120		120
Net income	324,969			324,969
Interest rate swaps, net of tax	(2,635)				(2,635)
Foreign currency translation adjustments	(1,315)				(1,315)
Pension liability adjustments, net of tax	(824)				(824)
BALANCE at Sep. 30, 2012	1,218,834	521	553,223	689,229	(8,051)	(16,088)
BALANCE (in shares) at Sep. 30, 2012		52,157,225				(505,400)
Dividends paid	(1,950,683)			(1,950,683)
Unvested dividend equivalent payments	(45,579)			(45,579)
Compensation expense recognized for employee stock options	48,884		48,884
Excess tax benefits related to share-based payment arrangements	66,201		66,201
Exercise of employee stock options (in shares)		1,014,613
Exercise of employee stock options	21,534	11	21,523
Treasury stock purchased (in shares)	0
Common stock issued (in shares)		713
Common stock issued	104		104
Net income	302,789			302,789
Interest rate swaps, net of tax	(3,587)				(3,587)
Foreign currency translation adjustments	4,117				4,117
Pension liability adjustments, net of tax	1,005				1,005
BALANCE at Sep. 30, 2013	(336,381)	532	689,935	(1,004,244)	(6,516)	(16,088)
BALANCE (in shares) at Sep. 30, 2013	53,172,551	53,172,551				(505,400)
Dividends paid	(1,435,154)			(1,435,154)
Unvested dividend equivalent payments	(17,805)			(17,805)
Compensation expense recognized for employee stock options	26,332		26,332
Excess tax benefits related to share-based payment arrangements	51,709		51,709
Exercise of employee stock options (in shares)		659,363
Exercise of employee stock options	26,738	6	26,732
Treasury stock purchased (in shares)	(909,700)					(909,700)
Treasury stock purchased	(159,852)					(159,852)
Common stock issued (in shares)		332
Common stock issued	59		59
Net income	306,910			306,910
Interest rate swaps, net of tax	(6,166)				(6,166)
Foreign currency translation adjustments	(7,653)				(7,653)
Pension liability adjustments, net of tax	(4,836)				(4,836)
BALANCE at Sep. 30, 2014	$ (1,556,099)	$ 538	$ 794,767	$ (2,150,293)	$ (25,171)	$ (175,940)
BALANCE (in shares) at Sep. 30, 2014	53,832,246	53,832,246				(1,415,100)

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
OPERATING ACTIVITIES:
Net income	$ 306,910	$ 302,789	$ 324,969
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	32,543	27,307	23,692
Amortization of intangible assets	63,842	46,208	44,535
Amortization of debt issue costs	13,935	11,933	12,544
REFINANCING COSTS	131,622	30,281
Net gain on sale of real estate	(804)
Non-cash equity compensation	26,332	48,884	22,151
Excess tax benefits related to share-based payment arrangements	(51,709)	(66,201)	(50,555)
Deferred income taxes	(9,416)	(2,614)	24,800
Changes in assets/liabilities, net of effects from acquisitions of businesses:
Trade accounts receivable	(24,309)	(25,006)	(1,957)
Inventories	(8,392)	(15,289)	(416)
Income taxes receivable/payable	56,595	65,510	34,097
Other assets	(5,703)	1,155	(10,564)
Accounts payable	(2,415)	23,510	(3,620)
Accrued and other liabilities	12,191	21,738	(5,791)
Net cash provided by operating activities	541,222	470,205	413,885
INVESTING ACTIVITIES:
Capital expenditures	(34,146)	(35,535)	(25,246)
Acquisition of businesses, net of cash acquired	(311,872)	(483,257)	(868,696)
Cash proceeds from sale of real estate	16,380
Cash proceeds from sale of investment		16,350
Cash proceeds from sale of business			17,650
Net cash used in investing activities	(329,638)	(502,442)	(876,292)
FINANCING ACTIVITIES:
Excess tax benefits related to share-based payment arrangements	51,709	66,201	50,555
Proceeds from exercise of stock options	26,738	21,534	15,710
Dividends paid	(1,451,391)	(1,991,350)	(3,299)
Treasury stock purchased	(159,852)		(846)
Proceeds from credit facility-net	805,360	3,211,374	484,316
Repayment on credit facility	(33,107)	(2,187,885)	(19,250)
Proceeds from senior subordinated notes-net	2,326,366	1,036,321
Repurchase of senior subordinated notes due 2018	(1,721,014)
Proceeds from trade receivable securitization facility-net	199,164
Net cash provided by (used in) financing activities	43,973	156,195	527,186
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(749)	258	(438)
NET INCREASE IN CASH AND CASH EQUIVALENTS	254,808	124,216	64,341
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	564,740	440,524	376,183
CASH AND CASH EQUIVALENTS, END OF PERIOD	819,548	564,740	440,524
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest	319,577	236,769	197,787
Cash paid during the period for income taxes	$ 97,798	$ 82,292	$ 103,938

DESCRIPTION OF THE BUSINESS

12 Months Ended

Sep. 30, 2014

DESCRIPTION OF THE BUSINESS

1.	DESCRIPTION OF THE BUSINESS

Description of the Business—TransDigm Group Incorporated (“TD Group”), through its wholly-owned subsidiary, TransDigm Inc., is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. TransDigm Inc. along with TransDigm Inc.’s direct and indirect wholly-owned operating subsidiaries (collectively, with TD Group, the “Company” or “TransDigm”), offers a broad range of proprietary aerospace components. TD Group has no significant assets or operations other than its 100% ownership of TransDigm Inc. TD Group’s common stock is listed on The New York Stock Exchange, or the NYSE, under the trading symbol “TDG.”

Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, NiCad batteries and chargers, engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, cockpit security components and systems, specialized cockpit displays, aircraft audio systems, specialized lavatory components, seatbelts and safety restraints, engineered interior surfaces, lighting and control technology and military personnel parachutes and cargo delivery systems.

Separate Financial Statements—Separate financial statements of TransDigm Inc. are not presented because TransDigm Inc.’s, 5¹/₂% Senior Subordinated Notes due 2020, 7¹/₂% Senior Subordinated Notes due 2021, 6% Senior Subordinated Notes due 2022 and 6¹/₂% Senior Subordinated Notes due 2024 are fully and unconditionally guaranteed on a senior subordinated basis by TD Group and all existing 100% owned domestic subsidiaries of TransDigm Inc. and because TD Group has no significant operations or assets separate from its investment in TransDigm Inc.

ACQUISITIONS

12 Months Ended

Sep. 30, 2014

ACQUISITIONS

2.	ACQUISITIONS

Elektro-Metall Export GmbH—On March 6, 2014, TransDigm Germany GmbH, a newly formed subsidiary of TransDigm Inc., acquired Elektro-Metall Export GmbH (“EME”) for approximately $49.6 million, which comprises $40.4 million in cash plus the assumption of approximately $9.2 million of net indebtedness. EME manufactures proprietary, highly engineered aerospace electromechanical actuators, electrical and electromechanical components and assemblies for commercial aircraft, helicopters and other specialty applications. These products fit well with TransDigm’s overall business direction. EME is included in TransDigm’s Power & Control segment. The Company expects that the approximately $20.3 million of goodwill recognized for the acquisition will not be deductible for tax purposes.

Airborne Global Inc.—On December 19, 2013, TransDigm Inc. acquired all of the outstanding stock of Airborne Global Inc. (“Airborne”) for approximately $264.2 million in cash, which includes a purchase price adjustment of $0.3 million paid in the second quarter of fiscal 2014. Airborne is the industry leading designer and manufacturer of personnel parachutes, cargo aerial delivery systems, emergency escape systems, naval decoys and other related products. These products fit well with TransDigm’s overall business direction. Airborne is included in TransDigm’s Airframe segment. The Company expects that the approximately $158.2 million of goodwill recognized for the acquisition will not be deductible for tax purposes.

The total purchase price was allocated to the underlying assets acquired and liabilities assumed based upon management’s estimated fair values at the date of acquisition. To the extent the purchase price exceeded the estimated fair value of the net identifiable tangible and intangible assets acquired, such excess was allocated to goodwill.

Whippany Actuation Systems, LLC—On June 28, 2013, Whippany Actuation Systems, LLC, a newly formed subsidiary of TransDigm Inc., acquired assets from GE Aviation’s Electromechanical Actuation Division (“Whippany Actuation”) for approximately $151.5 million in cash, which includes a purchase price adjustment of $2.7 million paid in the first quarter of fiscal 2014. Whippany Actuation manufactures proprietary, highly engineered aerospace electromechanical motion control subsystems for civil and military applications, with product offerings including control electronics, motors, high power mechanical transmissions and actuators. These products fit well with TransDigm’s overall business direction. Whippany is included in TransDigm’s Power & Control segment. The Company expects that the approximately $105.1 million of goodwill recognized for the acquisition will be deductible for tax purposes.

Arkwin Industries, Inc.—On June 5, 2013, TransDigm Inc. acquired all of the outstanding stock of Arkwin Industries, Inc. (“Arkwin”), for approximately $285.7 million in cash, which includes a purchase price adjustment of $0.2 million received in the fourth quarter of fiscal 2013. Arkwin manufactures proprietary, highly engineered aerospace hydraulic and fuel system components for commercial and military aircraft, helicopters and other specialty applications. These products fit well with TransDigm’s overall business direction. Arkwin is included in TransDigm’s Power & Control segment. The Company expects that the approximately $184.9 million of goodwill recognized for the acquisition will not be deductible for tax purposes.

Aerosonic, LLC—On June 5, 2013, Buccaneer Acquisition Sub Inc., a newly formed subsidiary of TransDigm Inc., completed the tender offer of a majority of the outstanding stock of Aerosonic Corporation (“Aerosonic”). Buccaneer Acquisition Sub Inc. was subsequently merged into Aerosonic on June 10, 2013; in connection therewith, all outstanding shares of Aerosonic were cancelled and Aerosonic became a wholly owned subsidiary of TransDigm Inc. The aggregate price paid in the tender offer and merger was approximately $39.8 million in cash. Aerosonic designs and manufactures proprietary, highly engineered mechanical and digital altimeters, airspeed indicators, rate of climb indicators, microprocessor controlled air data test sets, angle of attack stall warning systems, integrated air data sensors and other aircraft sensors, monitoring systems and flight instrumentation for use on commercial and military aircraft. These products fit well with TransDigm’s overall business direction. Aerosonic is included in TransDigm’s Airframe segment. The Company expects that the approximately $14.8 million of goodwill recognized for the acquisition will not be deductible for tax purposes.

Aero-Instruments Co., LLC—On September 17, 2012, TransDigm Inc. acquired all of the outstanding equity interests in Aero-Instruments Co., LLC (“Aero-Instruments”), for approximately $34.6 million in cash, which includes a purchase price adjustment of $0.1 million received in the first quarter of fiscal 2013. Aero-Instruments designs and manufactures highly engineered air data sensors including pitot probes, pitot-static probes, static pressure ports, angle of attack, temperature sensors and flight test equipment for use primarily in the business jet and helicopter markets. These products fit well with TransDigm’s overall business direction. Aero-Instruments has since been merged into AeroControlex Group and is included in TransDigm’s Power & Control segment. The Company expects that the approximately $22 million of goodwill recognized for the acquisition will be deductible for tax purposes.

AmSafe Global Holdings, Inc.—On February 15, 2012, TransDigm Inc. acquired all of the outstanding stock of AmSafe Global Holdings, Inc. (“AmSafe”), for approximately $749.7 million in cash, which includes a purchase price adjustment of $0.5 million paid in the third quarter of fiscal 2012. AmSafe is a leading supplier of innovative, highly engineered and proprietary safety and restraint equipment used primarily in the global aerospace industry. These products fit well with TransDigm’s overall business direction. The majority of AmSafe product lines are included in TransDigm’s Airframe segment, and the remaining product lines are included in the Non-aviation segment. The distribution business acquired as part of AmSafe was sold on August 16, 2012 for approximately $17.8 million in cash, which includes a working capital adjustment of $0.1 million received in the first quarter of fiscal 2013. The equity investment in C-Safe LLC acquired as part of AmSafe was sold in October 2012 for approximately $16.4 million, which consisted of $5.0 million in cash at closing and an $11.4 million short-term note receivable, which was subsequently received in installments during fiscal 2013. The Company expects that of the $397 million of goodwill recognized for the acquisition approximately $77 million will be deductible for tax purposes.

Harco, LLC—On December 9, 2011, TransDigm Inc. acquired all of the outstanding stock of Harco Laboratories, Incorporated (“Harco”), for approximately $83.3 million in cash, which includes a purchase price adjustment of $0.4 million paid in the second quarter of fiscal 2012. Harco designs and manufactures highly engineered thermocouples, sensors, engine cable assemblies and related products for commercial aircraft. These products fit well with TransDigm’s overall business direction. Harco is included in TransDigm’s Power & Control segment. The Company expects that the approximately $56 million of goodwill recognized for the acquisition will not be deductible for tax purposes.

The Company accounted for the acquisitions using the acquisition method and included the results of operations of the acquisitions in its consolidated financial statements from the effective date of each acquisition. The Company is in the process of obtaining a third-party valuation of certain tangible and intangible assets of EME and Airborne; therefore, the values attributed to those acquired assets in the consolidated financial statements are subject to adjustment. Pro forma net sales and results of operations for the acquisitions, had they occurred at the beginning of the applicable fiscal year ended September 30, 2014 or 2013, are not significant and, accordingly, are not provided.

The acquisitions strengthen and expand the Company’s position to design, produce and supply highly-engineered proprietary aerospace components in niche markets with significant aftermarket content and provide opportunities to create value through the application of our three core value-driven operating strategies (obtaining profitable new business, improving our cost structure, and providing highly engineered value-added products to customers). The purchase price paid for each acquisition reflects the current earnings before interest, taxes, depreciation and amortization (EBITDA) and cash flows, as well as, the future EBITDA and cash flows expected to be generated by the business, which are driven in most cases by the recurring aftermarket consumption over the life of a particular aircraft, estimated to be approximately 25-30 years.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Sep. 30, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Consolidation—The accompanying consolidated financial statements were prepared in conformity with generally accepted accounting principles in the United States (“GAAP”) and include the accounts of TD Group and subsidiaries. All significant intercompany balances and transactions have been eliminated.

Revenue Recognition and Related Allowances—Revenue is recognized from the sale of products when title and risk of loss passes to the customer, which is generally at the time of shipment. Substantially all product sales are made pursuant to firm, fixed-price purchase orders received from customers. Provisions for estimated returns, uncollectible accounts and the cost of repairs under contract warranty provisions are provided for in the same period as the related revenues are recorded and are principally based on historical results modified, as appropriate, by the most current information available. Due to uncertainties in the estimation process, it is possible that actual results may vary from the estimates.

Shipping and Handling Costs—Shipping and handling costs are included in cost of sales in the Consolidated Statements of Income.

Research and Development Costs—The Company expenses research and development costs as incurred and classifies such amounts in selling and administrative expenses. The expense recognized for research and development costs for the years ended September 30, 2014, 2013 and 2012 was approximately $42.3 million, $32.1 million, and $27.9 million, respectively.

Cash Equivalents—The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.

Allowance for Uncollectible Accounts—The Company reserves for amounts determined to be uncollectible based on specific identification of losses and estimated losses based on historical experience. The allowance also incorporates a provision for the estimated impact of disputes with customers. The determination of the amount of the allowance for doubtful accounts is subject to significant levels of judgment and estimation by management. If circumstances change or economic conditions deteriorate or improve, the allowance for doubtful accounts could increase or decrease.

Inventories—Inventories are stated at the lower of cost or market. Cost of inventories is determined by the average cost and the first-in, first-out (FIFO) methods for all locations except CEF Industries, LLC, which determines the cost of inventories using the last-in, first-out (LIFO) method. Less than 4% of the inventory was valued under the LIFO method at September 30, 2014. Provision for potentially obsolete or slow-moving inventory is made based on management’s analysis of inventory levels and future sales forecasts. In accordance with industry practice, all inventories are classified as current assets even though a portion of the inventories may not be sold within one year.

Property, Plant and Equipment—Property, plant and equipment are stated at cost. Depreciation is computed using the straight-line method over the following estimated useful lives: land improvements from 10 to 20 years, buildings and improvements from 5 to 30 years, machinery and equipment from 2 to 10 years and furniture and fixtures from 3 to 10 years.

Property, plant and equipment is assessed for potential impairment whenever indicators of impairment are present by determining whether the carrying value of the property can be recovered through projected, undiscounted cash flows from future operations over the property’s remaining estimated useful life. Any impairment recognized is the amount by which the carrying amount exceeds the fair value of the asset.

Debt Issue Costs, Premiums and Discounts—The cost of obtaining financing as well as premiums and discounts are amortized using the effective interest method over the terms of the respective obligations/securities.

Intangible Assets—Intangible assets consist of identifiable intangibles acquired or recognized in accounting for the acquisitions (trademarks, trade names, technology, order backlog and other intangible assets) and goodwill. Goodwill and intangible assets that have indefinite useful lives (trademarks and trade names) are subject to annual impairment testing. Management determines fair value using a discounted future cash flow analysis or other accepted valuation techniques. The Company performs an annual impairment test for goodwill and other intangible assets as of the first day of the fourth fiscal quarter of each year, or more frequently, if an event occurs or circumstances change that would more likely than not reduce fair value below current value.

A two-step impairment test is used to identify potential goodwill impairment. The first step of the goodwill impairment test, used to identify potential impairment, compares the fair value of a reporting unit (as defined) with its carrying amount, including goodwill. If the fair value of the reporting unit exceeds its carrying amount, goodwill is not considered impaired, and the second step of the goodwill impairment test is unnecessary. The second step measures the amount of impairment, if any, by comparing the carrying value of the goodwill associated with a reporting unit to the implied fair value of the goodwill derived from the estimated overall fair value of the reporting unit and the individual fair values of the other assets and liabilities of the reporting unit.

GAAP requires that the annual, and any interim, impairment assessment be performed at the reporting unit level. The reporting unit level is one level below an operating segment. Substantially all goodwill was determined and recognized for each reporting unit pursuant to the accounting for the merger or acquisition as of the date of each transaction. With respect to acquisitions integrated into an existing reporting unit, any acquired goodwill is combined with the goodwill of the reporting unit.

The impairment test for indefinite lived intangible assets consists of a comparison between their fair values and carrying values. If the carrying amounts of intangible assets that have indefinite useful lives exceed their fair values, an impairment loss will be recognized in an amount equal to the sum of any such excesses.

The Company assesses the recoverability of its amortizable intangible assets only when indicators of impairment are present by determining whether the amortization over their remaining lives can be recovered through projected, undiscounted cash flows from future operations. Amortization of amortizable intangible assets is computed using the straight-line method over the following estimated useful lives: technology from 20 to 22 years, order backlog over one year, and other intangible assets over 20 years.

Stock Option Plans—The Company records stock-based compensation measured using the fair value method of accounting. Compensation expense is recorded over the vesting periods of the options. For options subject to accelerated vesting under the “market sweep” provision, additional stock compensation expense is recorded representing costs that would have been recognized over the remaining requisite service period of the award when the market condition is met.

Income Taxes—The Company accounts for income taxes using an asset and liability approach. Deferred taxes are recorded for the difference between the book and tax basis of various assets and liabilities. A valuation allowance is provided when it is more likely than not that some or all of a deferred tax asset will not be realized.

Contingencies—During the ordinary course of business, the Company is from time to time threatened with, or may become a party to, legal actions and other proceedings. While the Company is currently involved in certain legal proceedings, it believes the results of these proceedings will not have a material adverse effect on its financial condition, results of operations, or cash flows.

Estimates—The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Comprehensive Income (Loss)—The term “comprehensive income (loss)” represents the change in stockholders’ equity from transactions and other events and circumstances resulting from non-stockholder sources. The Company’s accumulated other comprehensive income or loss, consisting principally of fair value adjustments to its interest rate swap agreements (net of tax), cumulative foreign currency translation adjustments and pension liability adjustments (net of tax), is reported separately in the accompanying consolidated statements of comprehensive income.

Foreign Currency Translation and Transactions—The assets and liabilities of subsidiaries located outside the United States are translated into U.S. dollars at the rates of exchange in effect at the balance sheet dates. Revenue and expense items are translated at the average exchange rates prevailing during the period. Gains and losses resulting from foreign currency transactions are recognized currently in income, and those resulting from translation of financial statements are accumulated as a separate component of other comprehensive income (loss) for the period. Foreign currency gains or losses recognized currently in income from changes in exchange rates were not material to our results of operations.

Earnings per Share—Earnings per share information is determined using the two-class method, which includes the weighted-average number of common shares outstanding during the period and other securities that participate in dividends (“participating securities”). Our vested stock options are considered “participating securities” because they include non-forfeitable rights to dividends. In applying the two-class method, earnings are allocated to both common stock shares and participating securities based on their respective weighted-average shares outstanding for the period. Diluted earnings per share information may include the additional effect of other securities, if dilutive, in which case the dilutive effect of such securities is calculated using the treasury stock method.

- Definition

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

RECENT ACCOUNTING PRONOUNCEMENTS

12 Months Ended

Sep. 30, 2014

RECENT ACCOUNTING PRONOUNCEMENTS

4.	RECENT ACCOUNTING PRONOUNCEMENTS

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09 which creates a new topic in the Accounting Standards Codification (“ASC”) Topic 606, “Revenue From Contracts With Customers.” In addition to superseding and replacing nearly all existing U.S. GAAP revenue recognition guidance, including industry-specific guidance, ASC 606 establishes a new control-based revenue recognition model; changes the basis for deciding when revenue is recognized over time or at a point in time; provides new and more detailed guidance on specific topics; and expands and improves disclosures about revenue. In addition, ASU 2014-09 adds a new Subtopic to the Codification, ASC 340-40, “Other Assets and Deferred Costs: Contracts with Customers,” to provide guidance on costs related to obtaining a contract with a customer and costs incurred in fulfilling a contract with a customer that are not in the scope of another ASC Topic. The guidance is effective for the Company for annual reporting periods, including interim periods therein, for the year ending September 30, 2018. Early application is not permitted. The Company is currently evaluating the impact that the update will have on its financial position, results of operations, cash flows and financial statement disclosures.

EARNINGS PER SHARE (TWO-CLASS METHOD)

12 Months Ended

Sep. 30, 2014

EARNINGS PER SHARE (TWO-CLASS METHOD)

5.	EARNINGS PER SHARE (TWO-CLASS METHOD)

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):


	Fiscal Years Ended September 30,
	2014			2013			2012
Numerator for earnings per share:								`
Net income	$	306,910		$	302,789		$	324,969
Less dividends paid on participating securities		(126,626	)		(171,243	)		(3,299	)

Net income applicable to common stock—basic and diluted	$	180,284		$	131,546		$	321,670

Denominator for basic and diluted earnings per share under the two-class method:
Weighted average common shares outstanding		52,748			52,258			50,996
Vested options deemed participating securities		4,245			2,822			2,886

Total shares for basic and diluted earnings per share		56,993			55,080			53,882

Net earnings per share—basic and diluted	$	3.16		$	2.39		$	5.97

- Definition

The entire disclosure for earnings per share.

+ References+ Details

SALES AND TRADE ACCOUNTS RECEIVABLE

12 Months Ended

Sep. 30, 2014

SALES AND TRADE ACCOUNTS RECEIVABLE

6.	SALES AND TRADE ACCOUNTS RECEIVABLE

Sales—The Company’s sales and receivables are concentrated in the aerospace industry. TransDigm’s customers include: distributors of aerospace components; commercial airlines, large commercial transport and regional and business aircraft OEMs; various armed forces of the United States and friendly foreign governments; defense OEMs; system suppliers; and various other industrial customers.

One customer accounted for approximately 13%, 12% and 13% of the Company’s net sales for the years ended September 30, 2014, 2013 and 2012, respectively. These sales were split approximately evenly between the Power & Control and Airframe segments. Sales to foreign customers, primarily in Western Europe, Canada and Asia, were $735.9 million during fiscal 2014, $572.0 million during fiscal 2013 and $508.8 million during fiscal 2012.

Trade Accounts Receivable—Trade accounts receivable consist of the following at September 30 (in thousands):


	2014			2013
Trade accounts receivable—gross	$	355,398		$	295,934
Allowance for uncollectible accounts		(4,091	)		(5,485	)

Trade accounts receivable—net	$	351,307		$	290,449

At September 30, 2014, approximately 11% of the Company’s trade accounts receivable was due from one customer. In addition, approximately 35% of the Company’s trade accounts receivable was due from entities that principally operate outside of the United States. Credit is extended based on an evaluation of each customer’s financial condition and collateral is generally not required.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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INVENTORIES

12 Months Ended

Sep. 30, 2014

INVENTORIES

7.	INVENTORIES

Inventories consist of the following at September 30 (in thousands):


	2014			2013
Raw materials and purchased component parts	$	298,318		$	274,510
Work-in-progress		146,980			124,765
Finished Goods		69,658			58,052

Total		514,956			457,327
Reserves for excess and obsolete inventory and LIFO		(55,882	)		(43,746	)

Inventories—net	$	459,074		$	413,581

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Sep. 30, 2014

PROPERTY, PLANT AND EQUIPMENT

8.	PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following at September 30 (in thousands):


	2014			2013
Land and improvements	$	33,722		$	44,103
Buildings and improvements		114,030			99,115
Machinery, equipment and other		235,642			208,037
Construction in progress		12,174			10,895

Total		395,568			362,150
Accumulated depreciation		(183,460	)		(153,186	)

Property, plant and equipment—net	$	212,108		$	208,964

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

INTANGIBLE ASSETS

12 Months Ended

Sep. 30, 2014

INTANGIBLE ASSETS

9.	INTANGIBLE ASSETS

Intangible assets subject to amortization consist of the following at September 30 (in thousands):


	2014						2013
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Technology	$	854,918	$	186,278	$	668,640	$	801,010	$	143,196	$	657,814
Order backlog		8,006		6,006		2,000		19,255		7,936		11,319
Other		43,252		11,259		31,993		43,427		8,760		34,667

Total	$	906,176	$	203,543	$	702,633	$	863,692	$	159,892	$	703,800

Information regarding the amortization expense of amortizable intangible assets is detailed below (in thousands):

Aggregate Amortization Expense:


Years ended September 30,
2014	$	63,842
2013		46,208
2012		44,535

Estimated Amortization Expense:


Years ending September 30,
2015	$	46,615
2016		44,610
2017		44,610
2018		44,610
2019		44,610

Intangible assets acquired during the year ended September 30, 2014 were as follows (in thousands):


	Cost		Amortization Period
Intangible assets not subject to amortization:
Goodwill	$	178,514
Trademarks and trade names		31,278

		209,792

Intangible assets subject to amortization:
Technology		53,380		20 years
Order backlog		8,020		1 year

		61,400		17.5 years

Total	$	271,192

The changes in the carrying amount of goodwill by segment for the fiscal years ended September 30, 2013 and 2014 were as follows (in thousands):


	Power & Control			Airframe			Non- aviation		Total
Balance at September 30, 2012	$	1,274,703		$	1,711,214		$	49,585	$	3,035,502
Goodwill acquired during the year (Note 2)		284,889			13,969			5,485		304,343
Purchase price allocation adjustments		7,333			(6,457	)		—		876
Other		1			3,175			10		3,186

Balance at September 30, 2013		1,566,926			1,721,901			55,080		3,343,907
Goodwill acquired during the year (Note 2)		20,323			158,191			—		178,514
Purchase price allocation adjustments		5,138			861			289		6,288
Other		(4,707	)		1,075			—		(3,632	)

Balance at September 30, 2014	$	1,587,680		$	1,882,028		$	55,369	$	3,525,077

ACCRUED LIABILITIES

12 Months Ended

Sep. 30, 2014

ACCRUED LIABILITIES

10.

ACCRUED LIABILITIES

Accrued liabilities consist of the following at September 30 (in thousands):


	2014		2013
Interest	$	69,523	$	59,869
Compensation and related benefits		63,057		55,230
Interest rate swap agreements		20,070		6,950
Product warranties		14,243		14,999
Other		63,978		47,639

Total	$	230,871	$	184,687

DEBT

12 Months Ended

Sep. 30, 2014

DEBT

11.

DEBT

The Company’s debt consists of the following at September 30 (in thousands):


	2014		2013
Short-term borrowings—trade receivable securitization facility	$	200,000	$	—

Term loans	$	3,873,131	$	3,081,238
Senior Subordinated Notes due 2024		1,200,000		—
Senior Subordinated Notes due 2022		1,150,000		—
Senior Subordinated Notes due 2021		500,000		500,000
Senior Subordinated Notes due 2020		550,000		550,000
Senior Subordinated Notes due 2018		—		1,600,000

		7,273,131		5,731,238
Less current portion		39,295		31,045

Long-term debt	$	7,233,836	$	5,700,193

Trade Receivable Securitization Facility—During the quarter ended December 28, 2013, the Company established a trade receivable securitization facility (the “Securitization Facility”). The Securitization Facility effectively increases the Company’s borrowing capacity by up to $225 million depending on the amount of trade accounts receivable, and matures on August 7, 2015. The Securitization Facility includes the right for the Company to exercise annual one year extensions as long as there have been no termination events as defined by the agreement. As of September 30, 2014, the Company has borrowed $200 million under the Securitization Facility. The Securitization Facility is collateralized by substantially all of the company’s trade accounts receivable.

Repurchase of Senior Subordinated Notes due 2018—On May 9, 2014, the Company announced a cash tender offer for any and all of its outstanding 7.75% Senior Subordinated Notes due 2018 (the “2018 Notes”). In June 2014, the Company repurchased or discharged all the 2018 Notes for an aggregate price of $1.7 billion.

The Company recorded refinancing costs of $131.6 million during the year ended September 30, 2014 representing debt issue costs expensed in conjunction with the repurchase of the 2018 Notes. The charge consisted of the premium of $121.1 million paid to redeem the 2018 Notes and the write-off of debt issue costs of $10.5 million.

Second Amended and Restated Credit Facility—On June 4, 2014, TransDigm Inc. amended and restated its existing credit agreement dated February 28, 2013, by entering into a Second Amended and Restated Credit Agreement (the “2014 Credit Facility”). The 2014 Credit Facility permits, among other things, (i) the payment of a special dividend of up to $1.7 billion to the holders of TD Group’s common stock, par value $.01 per share, (ii) the issuance of the 2022 Notes and the 2024 Notes (each as defined below), (iii) the incurrence of certain new tranche D term loans (the “Tranche D Term Loans”) in an aggregate principal amount equal to $825 million, which Tranche D Term Loans were fully drawn on June 4, 2014 and mature on June 4, 2021, (iv) the increase of the total revolving commitments thereunder to $420 million, which includes a sublimit of up to $100 million of multicurrency revolving commitments, and (v) certain changes to certain affirmative and negative covenants and the financial covenant thereunder. The terms and conditions that apply to the Tranche D Term Loans, including pricing, are substantially the same as the terms and conditions that apply to the other term loans under the 2014 Credit Facility. In addition, the Revolving A Credit Commitments previously available under the credit facility were terminated.

The term loan facilities under the 2014 Credit Facility (the “Term Loan Facility”) now consist of three tranches of term loans—Tranche B Term Loans, Tranche C Term Loans and Tranche D Term Loans. The Revolving Credit Facility now consists of one tranche—Revolving B Commitments, which include up to $100 million of multicurrency revolving commitments. The Tranche B Term Loans consist of $500 million in the aggregate maturing on February 14, 2017, the Tranche C Term Loans consist of $2,600 million in the aggregate maturing on February 28, 2020 and the Tranche D Term Loans consist of $825 million in the aggregate maturing on June 4, 2021. The Term Loan Facility requires quarterly principal payments of $7.8 million, which began on March 28, 2013, and an additional quarterly principal payment of $2.1 million beginning September 30, 2014. The Revolving B Commitments consist of $420 million in the aggregate and mature on February 28, 2018. At September 30, 2014, the Company had $6.8 million letters of credit outstanding and $413.2 million of borrowings available under the 2014 Credit Facility.

Under the terms of the 2014 Credit Facility, TransDigm is entitled on one or more occasions, subject to the satisfaction of certain conditions, to request additional commitments under the Revolving Credit Facility or additional term loans in the aggregate principal amount of up to $1.0 billion to the extent that existing or new lenders agree to provide such additional term loans. All of the indebtedness outstanding under the 2014 Credit Facility is guaranteed by TD Group and all of TransDigm’s current and future domestic restricted subsidiaries (other than immaterial subsidiaries). In addition, the obligations of TransDigm and the guarantors under the 2014 Credit Facility are secured ratably in accordance with each lender’s respective revolving and term loan commitments by a first priority security interest in substantially all of the existing and future property and assets, including inventory, equipment, general intangibles, intellectual property, investment property and other personal property (but excluding leasehold interests and certain other assets) of TransDigm and its existing and future domestic restricted subsidiaries (other than immaterial subsidiaries), and a first priority pledge of the capital stock of TransDigm and its subsidiaries (other than foreign subsidiaries and certain domestic subsidiaries, of which 65% of the voting capital stock is pledged).

The interest rates per annum applicable to the loans under the 2014 Credit Facility will be, at TransDigm’s option, equal to either an alternate base rate or an adjusted LIBO rate for one, two, three or six-month (or to the extent agreed to by each relevant lender, nine or twelve-month) interest periods chosen by TransDigm, in each case plus an applicable margin percentage. The adjusted LIBO rate is subject to a floor of .75%. At September 30, 2014 the applicable interest rate was 3.50% on the Tranche B Term Loan and 3.75% on the Tranche C and Tranche D Term Loans.

The Term Loan Facility requires mandatory prepayments of principal based on certain percentages of Excess Cash Flow (as defined in the 2014 Credit Facility), commencing 90 days after the end of each fiscal year, commencing with the fiscal year ending September 30, 2014, subject to certain exceptions. In addition, subject to certain exceptions (including, with respect to asset sales, the reinvestment in productive assets), TransDigm will be required to prepay the loans outstanding under the Term Loan facility at 100% of the principal amount thereof, plus accrued and unpaid interest, with the net cash proceeds of certain asset sales and issuance or incurrence of certain indebtedness. In addition, if, prior to December 4, 2014 with respect to Tranche B and Tranche C Term Loans and June 4, 2015 with respect to Tranche D Term Loans, the principal amount of the term loans are (i) prepaid substantially concurrently with the incurrence by TD Group, TransDigm or any its subsidiaries of new bank loans that have an effective yield lower than the yield in effect on the term loans so prepaid or (ii) received by a lender due to a mandatory assignment following the failure of such lender to consent to an amendment of the 2014 Credit Facility that has the effect of reducing the effective interest rate with respect to the term loans, such prepayment or receipt shall be accompanied by a premium of 1.0%.

The 2014 Credit Facility contains certain covenants that limit the ability of TD Group, TransDigm and TransDigm’s restricted subsidiaries to, among other things: (i) incur or guarantee additional indebtedness or issue preferred stock; (ii) pay distributions on, redeem or repurchase capital stock or redeem or repurchase subordinated debt; (iii) make investments; (iv) sell assets; (v) enter into agreements that restrict distributions or other payments from restricted subsidiaries to TransDigm; (vi) incur or suffer to exist liens securing indebtedness; (vii) consolidate, merge or transfer all or substantially all of their assets; and (viii) engage in transactions with affiliates.

The Company recorded refinancing costs of $30.3 million during fiscal 2013 representing debt issue costs expensed in conjunction with the refinancing of our previous credit facilities.

At September 30, 2014, three forward-starting interest rate swap agreements were in place to swap variable rates on the 2014 Credit Facility for a fixed rate based on an aggregate notional amount of $353 million. These interest rate swap agreements converted the variable interest rate on the aggregate notional amount of the 2014 Credit Facility to a fixed rate of 5.17% (2.17% plus the 3% margin percentage) through June 30, 2015.

On July 16, 2013, the Company entered into three forward-starting interest rate swap agreements beginning September 30, 2014 to hedge the variable interest rates on the 2014 Credit Facility for a fixed rate based on an aggregate notional amount of $1.0 billion through June 30, 2019. These forward-starting interest rate swap agreements will effectively convert the variable interest rate on the aggregate notional amount of the 2014 Credit Facility to a fixed rate of 5.4% (2.4% plus the 3% margin percentage) over the term of the interest rate swap agreements.

On July 24, 2014, the Company entered into five forward-starting interest rate swap agreements beginning March 31, 2016 to hedge the variable interest rates on the 2014 Credit Facility for a fixed rate based on an aggregate notional amount of $750 million through June 30, 2020. These forward-starting interest rate swap agreements will effectively convert the variable interest rate on the aggregate notional amount of the 2014 Credit Facility to a fixed rate of 5.8% (2.8% plus the 3% margin percentage) over the term of the interest rate swap agreements.

Senior Subordinated Notes—On June 4, 2014, TransDigm Inc. issued $2.350 billion in aggregate principal amount of senior subordinated notes, consisting of $1.150 billion aggregate principal amount of 6.00% Senior Subordinated Notes due 2022 (the “2022 Notes”) and $1.200 billion aggregate principal amount of 6.50% Senior Subordinated Notes due 2024 (the “2024 Notes,” and, together with the 2022 Notes, the “New Notes”) at an issue price of 100% of the principal amount for each series of the New Notes.

The 2022 Notes bear interest at the rate of 6.0% per annum, which accrues from June 4, 2014 and is payable semiannually in arrears on January 15 and July 15 of each year, commencing on January 15, 2015. The 2022 Notes mature on July 15, 2022, unless earlier redeemed or repurchased, and are subject to the terms and conditions set forth in the indenture governing the 2022 Notes (the “2022 Indenture”).

The 2024 Notes bear interest at the rate of 6.5% per annum, which accrues from June 4, 2014 and is payable semiannually in arrears on January 15 and July 15 of each year, commencing on January 15, 2015. The 2024 Notes mature on July 15, 2024, unless earlier redeemed or repurchased, and are subject to the terms and conditions set forth in the indenture governing the 2024 Notes (the “2024 Indenture”).

On October 15, 2012 TransDigm Inc. issued $550 million in aggregate principal amount of its 5¹/₂% Senior Subordinated Notes due 2020 (the “2020 Notes”) at an issue price of 100% of the principal amount. The 2020 Notes bear interest at the rate of 5¹/₂% per annum, which accrues from October 15, 2012 and is payable semiannually on April 15 and October 15 of each year. The 2020 Notes mature on October 15, 2020, unless earlier redeemed or repurchased, and are subject to the terms and conditions as defined in the indenture governing the 2020 notes.

On July 1, 2013, TransDigm issued $500 million in aggregate principal amount of its 7¹/₂% Senior Subordinated Notes due 2021 (the “2021 Notes” and, together with the 2020 Notes, the 2022 Notes, and the 2024 Notes, the “Notes”) at an issue price of 100% of the principal amount. The 2021 Notes bear interest at the rate of 7¹/₂% per annum, which accrues from July 1, 2013 and is payable semiannually on January 15 and July 15 of each year, commencing on January 15, 2014. The 2021 Notes mature on July 15, 2021, unless earlier redeemed or repurchased, and are subject to the terms and conditions as defined in the indenture governing the 2021 Notes.

The Notes are subordinated to all of TransDigm’s existing and future senior debt, rank equally with all of its existing and future senior subordinated debt and rank senior to all of its future debt that is expressly subordinated to the Notes. The Notes are guaranteed on a senior subordinated unsecured basis by TD Group and its wholly-owned domestic subsidiaries named in the Indenture. The guarantees of the Notes are subordinated to all of the guarantors’ existing and future senior debt, rank equally with all of their existing and future senior subordinated debt and rank senior to all of their future debt that is expressly subordinated to the guarantees of the Notes. The Notes are structurally subordinated to all of the liabilities of TD Group’s non-guarantor subsidiaries. The Notes contain many of the restrictive covenants included in the 2014 Credit Facility. TransDigm is in compliance with all the covenants contained in the Notes.

At September 30, 2014, future maturities of long-term debt are as follows (in thousands):


Years ended September 30,
2015	$	39,295
2016		39,295
2017		515,545
2018		34,295
2019		34,295
Thereafter		6,610,406

	$	7,273,131

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

RETIREMENT PLANS

12 Months Ended

Sep. 30, 2014

RETIREMENT PLANS

12.

RETIREMENT PLANS

Defined Contribution Plans—The Company sponsors certain defined contribution employee savings plans that cover substantially all of the Company’s non-union employees. Under certain plans, the Company contributes a percentage of employee compensation and matches a portion of employee contributions. The cost recognized for such contributions for the years ended September 30, 2014, 2013 and 2012 was approximately $8.7 million, $6.6 million and $4.9 million, respectively.

Defined Benefit Pension Plans—The Company maintains certain non-contributory defined benefit pension plans. The Company’s funding policy is to contribute actuarially determined amounts allowable under Internal Revenue Service regulations for the qualified plans. The Company uses a September 30th measurement date for its defined benefit pension plans

The Company maintains certain qualified, non-contributory defined benefit pension plans, which together cover certain union employees. The plans provide benefits of stated amounts for each year of service. The plan assets as of September 30, 2014 and 2013 were approximately $69.5 million and $62.7 million, respectively. The Company’s projected benefit obligation for these defined benefit pension plans at September 30, 2014 and 2013 was $77.6 million and $66.6 million, respectively. The total liability recognized at September 30, 2014 and 2013 was $8.1 million and $3.9 million, respectively. The net periodic pension cost recognized in the Consolidated Statements of Income for the years ended September 30, 2014, 2013, and 2012 was $0.5 million, $0.8 million, and $0.6 million, respectively.

The Company has a non-qualified, non-contributory defined benefit pension plan, which covers certain retired employees. The plan is unfunded and provides defined benefits based on the final average salary of the employees as defined in the plan. The projected benefit obligation for this defined benefit pension plan and the total liability recognized in the Consolidated Balance Sheet at September 30, 2014 and 2013 was approximately $9.0 million and $8.5 million, respectively. The net periodic pension cost recognized in the Consolidated Statements of Income for each of the years ended September 30, 2014, 2013 and 2012 was $0.4 million.

INCOME TAXES

12 Months Ended

Sep. 30, 2014

INCOME TAXES

13.

INCOME TAXES

The Company’s income tax provision on income before income taxes consists of the following for the periods shown below (in thousands):


	Fiscal Years Ended September 30,
	2014			2013			2012
Current
Federal	$	138,596		$	133,438		$	122,884
State		7,807			8,933			12,855
Foreign		4,613			5,943			2,361

		151,016			148,314			138,100

Deferred		(9,416	)		(2,614	)		24,800

	$	141,600		$	145,700		$	162,900

The differences between the income tax provision on income before income taxes at the federal statutory income tax rate and the tax provision shown in the accompanying consolidated statements of income for the periods shown below are as follows (in thousands):


	Fiscal Years Ended September 30,
	2014			2013			2012
Tax at statutory rate of 35%	$	156,979		$	156,970		$	170,754
State and local income taxes, net of federal benefit		5,658			4,858			5,221
Domestic manufacturing deduction		(13,980	)		(14,388	)		(9,126	)
Other—net		(7,057	)		(1,740	)		(3,949	)

Income tax provision	$	141,600		$	145,700		$	162,900

The components of the deferred taxes consist of the following at September 30 (in thousands):


	2014			2013
Deferred tax assets:
Employee benefits, compensation and other accrued obligations	$	60,457		$	48,932
Inventory		19,610			18,912
Net operating losses		16,345			14,916
Tax credits		11,343			13,687
Interest rate swaps		9,258			5,384
Environmental		8,380			9,582
Product warranties		5,046			3,826
Other		2,364			—

Total		132,803			115,239
Less: Valuation allowance		(24,267	)		(26,125	)

Total deferred tax assets		108,536			89,114

Deferred tax liabilities:
Intangible assets		444,059			408,755
Property, plant and equipment		19,348			23,373
Unremitted foreign earnings		4,918			5,069
Other		4,789			6,036

Total deferred tax liabilities		473,114			443,233

Total net deferred tax liabilities	$	364,578		$	354,119

At September 30, 2014, the Company has United Kingdom net operating loss carryforwards of approximately $25.5 million and state net operating loss carryforwards of approximately $254 million that expire in various years from 2015 to 2032. A valuation allowance has been established equal to the amount of the net operating losses that the Company believes will not be utilized. The Company had foreign tax credit carryforwards which generate a tax benefit of approximately $9.3 million that expire from 2018 to 2022. The Company had state tax credit carryforwards of $3.1 million that expire from 2023 to 2029. A valuation allowance has been established equal to the amount of the foreign tax credits that the Company believes will not be utilized.

The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, various state and local jurisdictions as well as foreign jurisdictions located in Belgium, Canada, China, France, Germany, Hungary, Malaysia, Mexico, Singapore, Sri Lanka and the United Kingdom. The Company is no longer subject to U.S. federal examinations for years before fiscal 2011. The Company is currently under U.S. federal examination for its fiscal 2012 and 2013 years and expects the examinations to be completed during fiscal 2015. AmSafe is subject to U.S. federal examinations for the 2008, 2009, 2010 and 2011 years. In addition, the Company is subject to state income tax examinations for fiscal years 2009 and later.

The cumulative amount of the Company’s foreign undistributed net earnings for which no deferred taxes have been provided is approximately $38.1 million at September 30, 2014. The Company has no plans to repatriate such earnings in the foreseeable future.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):


	2014			2013
Balance at beginning of period	$	6,129		$	6,932
Additions based on tax positions related to the prior year		990			151
Additions based on tax positions related to the current year		886			—
Lapse in statute of limitations		(1,139	)		(1,171	)
Acquisitions		7,085			217

Balance at end of period	$	13,951		$	6,129

Unrecognized tax benefits at September 30, 2014 and 2013, the recognition of which would have an effect on the effective tax rate for each fiscal year, amounted to $13.5 million and $5.7 million, respectively. The Company classifies all income tax related interest and penalties as income tax expense, which were not significant for the years ended September 30, 2013, 2012 and 2011. As of September 30, 2014 and 2013, the Company accrued $2.9 million and $0.9 million, respectively, for the potential payment of interest and penalties. The Company anticipates no significant changes to its total unrecognized tax benefits through fiscal 2015.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

ENVIRONMENTAL LIABILITIES

12 Months Ended

Sep. 30, 2014

ENVIRONMENTAL LIABILITIES

14.

ENVIRONMENTAL LIABILITIES

Our operations and facilities are subject to a number of federal, state, local and foreign environmental laws and regulations that govern, among other things, discharges of pollutants into the air and water, the generation, handling, storage and disposal of hazardous materials and wastes, the remediation of contamination and the health and safety of our employees. Environmental laws and regulations may require that the Company investigate and remediate the effects of the release or disposal of materials at sites associated with past and present operations. Certain facilities and third-party sites utilized by subsidiaries of the Company have been identified as potentially responsible parties under the federal Superfund laws and comparable state laws. The Company is currently involved in the investigation and remediation of a number of sites under applicable laws.

Estimates of the Company’s environmental liabilities are based on current facts, laws, regulations and technology. These estimates take into consideration the Company’s prior experience and professional judgment of the Company’s environmental advisors. Estimates of the Company’s environmental liabilities are further subject to uncertainties regarding the nature and extent of site contamination, the range of remediation alternatives available, evolving remediation standards, imprecise engineering evaluations and cost estimates, the extent of corrective actions that may be required and the number and financial condition of other potentially responsible parties, as well as the extent of their responsibility for the remediation.

Accordingly, as investigation and remediation proceed, it is likely that adjustments in the Company’s accruals will be necessary to reflect new information. The amounts of any such adjustments could have a material adverse effect on the Company’s results of operations or cash flows in a given period. Based on currently available information, however, the Company does not believe that future environmental costs in excess of those accrued with respect to sites for which the Company has been identified as a potentially responsible party are likely to have a material adverse effect on the Company’s financial condition.

Environmental liabilities are recorded when the liability is probable and the costs are reasonably estimable, which generally is not later than at completion of a feasibility study or when the Company has recommended a remedy or has committed to an appropriate plan of action. The liabilities are reviewed periodically and, as investigation and remediation proceed, adjustments are made as necessary. Liabilities for losses from environmental remediation obligations do not consider the effects of inflation and anticipated expenditures are not discounted to their present value. The liabilities are not reduced by possible recoveries from insurance carriers or other third parties, but do reflect anticipated allocations among potentially responsible parties at federal Superfund sites or similar state-managed sites, third party indemnity obligations, and an assessment of the likelihood that such parties will fulfill their obligations at such sites.

The Company’s consolidated balance sheet includes environmental remediation obligations at September 30, 2014 and 2013 of $23.3 million and $27.2 million, respectively.

- Definition

The entire disclosure for environmental loss contingencies, such as presence of hazardous waste, relevant information from reports issued by regulators, and estimated costs to achieve compliance with regulatory requirements. This element may be used for all of an entity's disclosures about environmental loss contingencies.

+ References+ Details

CAPITAL STOCK

12 Months Ended

Sep. 30, 2014

CAPITAL STOCK

15.

CAPITAL STOCK

Capital Stock—Authorized capital stock of TD Group consists of 224,400,000 shares of $.01 par value common stock and 149,600,000 shares of $.01 par value preferred stock. The total number of shares of common stock issued at September 30, 2014 and 2013 was 53,832,246 and 53,172,551, respectively. There were no shares of preferred stock outstanding at September 30, 2014 and 2013. The terms of the preferred stock have not been established.

On October 29, 2013, we announced a program replacing a previous program permitting us to repurchase a portion of our outstanding shares not to exceed $200 million in the aggregate. During the year ended September 30, 2014, the Company repurchased 909,700 shares of its common stock at a gross cost of approximately $159.9 million at a weighted-average price of $175.68 per share. No repurchases were made under the program during the year ended September 30, 2013.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

SEGMENTS

12 Months Ended

Sep. 30, 2014

SEGMENTS

16.

SEGMENTS

The Company’s businesses are organized and managed in three reporting segments: Power & Control, Airframe and Non-aviation.

The Power & Control segment includes operations that primarily develop, produce and market systems and components that predominately provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies. Major product offerings include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices and specialized AC/DC electric motors and generators. Primary customers of this segment are engine and power system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies and repair depots. Products are sold in the original equipment and aftermarket market channels.

The Airframe segment includes operations that primarily develop, produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. Major product offerings include engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, cockpit security components and systems, aircraft audio systems, specialized lavatory components, seatbelts and safety restraints, engineered interior surfaces, lighting and control technology, military personnel parachutes and cargo aerial delivery systems. Primary customers of this segment are airframe manufacturers and cabin system suppliers and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies and repair depots. Products are sold in the original equipment and aftermarket market channels.

The Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. Major product offerings include seatbelts and safety restraints for ground transportation applications, mechanical/electro-mechanical actuators and controls for space applications, and refueling systems for heavy equipment used in mining, construction and other industries. Primary customers of this segment are off road vehicle suppliers and subsystem suppliers, child restraint system suppliers, satellite and space system suppliers and manufacturers of heavy equipment used in mining, construction and other industries.

The primary measurement used by management to review and assess the operating performance of each segment is EBITDA As Defined. The Company defines EBITDA As Defined as earnings before interest, taxes, depreciation and amortization plus certain non-operating items including refinancing costs, acquisition-related costs, transaction-related costs and non-cash compensation charges incurred in connection with the Company’s stock option plans. Acquisition-related costs represent accounting adjustments to inventory associated with acquisitions of businesses and product lines that were charged to cost of sales when the inventory was sold; costs incurred to integrate acquired businesses and product lines into the Company’s operations, facility relocation costs and other acquisition-related costs; transaction related costs comprising deal fees; legal, financial and tax diligence expenses and valuation costs that are required to be expensed as incurred and other acquisition accounting adjustments.

EBITDA As Defined is not a measurement of financial performance under GAAP. Although the Company uses EBITDA As Defined to assess the performance of its business and for various other purposes, the use of this non-GAAP financial measure as an analytical tool has limitations, and it should not be considered in isolation or as a substitute for analysis of the Company’s results of operations as reported in accordance with GAAP.

The Company’s segments are reported on the same basis used internally for evaluating performance and for allocating resources. The accounting policies for each segment are the same as those described in the summary of significant accounting policies in the Company’s consolidated financial statements. Intersegment sales and transfers are recorded at values based on market prices, which creates intercompany profit on intersegment sales or transfers that is eliminated in consolidation. Intersegment sales were insignificant for the periods presented below.

The following table presents net sales by reportable segment (in thousands):


	Fiscal Years Ended September 30,
	2014		2013		2012
Net sales to external customers
Power & Control	$	1,077,214	$	872,325	$	776,342
Airframe		1,200,188		951,436		843,643
Non-aviation		95,504		100,639		80,223

	$	2,372,906	$	1,924,400	$	1,700,208

The following table reconciles EBITDA As Defined by segment to consolidated income before taxes operations before income taxes (in thousands):


	Fiscal Years Ended September 30,
	2014		2013		2012
EBITDA As Defined
Power & Control	$	550,735	$	455,950	$	410,259
Airframe		529,012		444,066		402,048
Non-aviation		18,479		23,647		24,133

Total segment EBITDA As Defined		1,098,226		923,663		836,440
Unallocated corporate expenses		25,019		23,385		27,421

Total Company EBITDA As Defined		1,073,207		900,278		809,019

Depreciation and amortization		96,385		73,515		68,227
Interest expense—net		347,688		270,685		211,906
Acquisition-related costs		20,541		26,433		18,866
Stock compensation expense		26,332		48,884		22,151
Other nonrecurring charges		2,129		1,991		—
Refinancing costs		131,622		30,281		—

Income before income taxes	$	448,510	$	448,489	$	487,869

The following table presents capital expenditures and depreciation and amortization by segment (in thousands):


	Fiscal Years Ended September 30,
	2014		2013		2012
Capital expenditures
Power & Control	$	11,645	$	13,149	$	9,436
Airframe		19,333		19,121		13,730
Non-aviation		3,097		2,773		1,920
Corporate		71		492		160

	$	34,146	$	35,535	$	25,246

Depreciation and amortization
Power & Control	$	38,251	$	27,586	$	21,565
Airframe		52,461		42,960		44,128
Non-aviation		4,579		2,614		2,393
Corporate		1,094		355		141

	$	96,385	$	73,515	$	68,227

The following table presents total assets by segment (in thousands):


	September 30, 2014		September 30, 2013
Total assets
Power & Control	$	2,432,898	$	2,398,469
Airframe		3,263,926		2,958,974
Non-aviation		132,988		132,672
Corporate		927,036		658,764

	$	6,756,848	$	6,148,879

The Company’s sales principally originate from the United States, and the Company’s long-lived assets are principally located in the United States.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

STOCK-BASED COMPENSATION

12 Months Ended

Sep. 30, 2014

STOCK-BASED COMPENSATION

17.

STOCK-BASED COMPENSATION

The Company’s stock compensation plans are designed to assist the Company in attracting, retaining, motivating and rewarding key employees, directors or consultants, and promoting the creation of long-term value for stockholders by closely aligning the interests of these individuals with those of the Company’s stockholders. The Company’s stock compensation plans provide for the granting of stock options, restricted stock and other stock-based incentives.

Non-cash stock compensation expense recognized by the Company during the years ended September 30, 2014, 2013 and 2012 was $26.3 million, $48.9 million and $22.2 million, respectively.

During the year ended September 30, 2014, the Company recorded additional stock compensation expense of $6.4 million representing costs that would have been recognized over the remaining requisite service period of the award for options granted in fiscal 2012 that became fully vested under the market sweep provision, as discussed further below. During June 2013, a total of 2,409,420 unvested options granted prior to October 1, 2011 with a weighted-average exercise price per option of $58.35 became fully vested under the market sweep provision. Due to the accelerated vesting, the Company recorded additional stock compensation expense of $24.5 million representing costs that would have been recognized over the remaining requisite service period of the award.

The weighted-average grant date fair value of options granted during the fiscal years ended September 30, 2014, 2013 and 2012 was $57.53, $45.53 and $43.23, respectively.

Compensation expense is recognized based upon probability assessments of awards that are expected to vest in future periods. Such probability assessments are subject to revision and, therefore, unrecognized compensation expense is subject to future changes in estimate. As of September 30, 2014, there was approximately $33.1 million of total unrecognized compensation expense related to non-vested awards expected to vest, which is expected to be recognized over a weighted-average period of two years.

The fair value of the Company’s employee stock options was estimated at the date of grant using a Black-Scholes-Merton option-pricing model with the following weighted average assumptions for all options granted during the fiscal years ended:


	Fiscal Years Ended September 30,
	2014	2013	2012
Risk-free interest rate	1.71% to 2.03%	0.84% to 1.00%	1.10% to 1.50%
Expected life of options	6 years	6 years	6 years
Expected dividend yield of stock	—	—	—
Expected volatility of stock	35%	35%	40%

The risk-free interest rate is based upon the Treasury bond rates as of the grant date. The average expected life of stock-based awards is based on the Company’s actual historical exercise experience. Expected volatility of stock was calculated using a rate based upon the historical volatility of both TransDigm’s common stock and the stock of publicly traded companies in the Company’s peer group in the aerospace industry. Notwithstanding the special cash dividends paid in October 2012, July 2013 and June 2014, the Company historically has not paid regular cash dividends and does not anticipate paying regular cash dividends in future periods; thus, no dividend rate assumption is used.

The total fair value of options vested during fiscal years ended September 30, 2014, 2013, and 2012 was $23.6 million, $63.9 million and $11.4 million, respectively.

2014 Stock Option Plan

In July 2014, the board of directors of TD Group adopted a new stock option plan, which was subsequently approved by stockholders on October 2, 2014. The 2014 stock option plan permits TD Group to award our key employees, directors or consultants stock options. The total number of shares of TD Group common stock reserved for issuance or delivery under the 2014 stock option plan is 5,000,000, subject to adjustment in the event of any stock dividend or split, reorganization, recapitalization, merger, share exchange or any other similar corporate transaction or event.

2006 Stock Incentive Plan

In conjunction with the consummation of the initial public offering, a 2006 stock incentive plan was adopted by TD Group. In July 2008 and March 2011, the plan was amended to increase the number of shares available for issuance thereunder. TD Group has reserved 8,119,668 shares of its common stock for issuance to key employees, directors or consultants under the plan. Awards under the plan may be in the form of options, restricted stock or other stock-based awards. Options granted under the plan will expire no later than the tenth anniversary of the applicable date of grant of the options, and will have an exercise price of not less than the fair market value of our common stock on the date of grant. Restricted stock granted under the plan vests over three years.

In connection with the $12.85 per share special cash dividend paid in November 2012, in order to take into account the earlier return of capital, the TD Group compensation committee adjusted the market-based vesting features in outstanding options pursuant to the authority granted to the committee under the TD Group stock incentive plan. Under this “market sweep” provision, unvested options granted prior to October 1, 2011 would accelerate and become fully vested if the closing price of the Company’s common stock exceeded $147.15 per share (originally $160 per share) on any 60 trading days during any consecutive 12-month period commencing March 1, 2013.

In addition, in connection with the $12.85 per share special cash dividend paid in November 2012 and the $22.00 per share special cash dividend paid in July 2013, in order to take into account the earlier return of capital, the TD Group compensation committee adjusted the market-based vesting features in outstanding options pursuant to the authority granted to the committee under the TD Group stock incentive plan. Under this “market sweep” provision, unvested options granted in fiscal 2012 would accelerate and become fully vested if the closing price of the Company’s common stock exceeded $135.15 per share (originally $170 per share) on any 60 trading days during any consecutive 12-month period commencing two years from the date of grant. Options granted in fiscal 2013 and 2014 do not contain such accelerated vesting provision.

In addition to shares issued pursuant to options exercised, during the fiscal year ended September 30, 2014, 332 shares of common stock were issued with a weighted-average grant date fair value of $179.53 as payment to directors in lieu of cash.

Performance Vested Stock Options—All of the options granted through September 30, 2014 under the 2006 stock incentive plan have been pursuant to an equity incentive program adopted by the Company in 2008. Under the 2008 equity incentive program, all of the options granted will vest based on the Company’s achievement of established operating performance goals. The following table summarizes the activity, pricing and other information for the Company’s performance vested stock-based award activity during the fiscal year ended September 30, 2014:


	Number of Options			Weighted-Average Exercise Price Per Option		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at September 30, 2013		5,147,806		$	70.66
Granted		702,171			156.22
Exercised		(433,398	)		52.71
Forfeited		(88,475	)		144.12
Expired		—			—

Outstanding at September 30, 2014		5,328,104		$	82.18		6.3 years	$	544,265,824

Expected to vest		862,591		$	119.40		8.5 years	$	56,003,788

Exercisable at September 30, 2014		3,929,084		$	61.38		5.4 years	$	483,080,878

At September 30, 2014, there were 1,687,222 remaining shares available for award under TD Group’s 2006 stock incentive plan.

2003 Stock Option Plan

Certain executives and key employees of the Company were granted stock options under TD Group’s 2003 stock option plan. Upon the closing of the acquisition of the Company by Warburg Pincus in 2003, certain employees rolled over certain then-existing options to purchase shares of common stock of TransDigm Holdings. These employees were granted rollover options to purchase an aggregate of 3,870,152 shares of common stock of TD Group (after giving effect to the 149.60 for 1.00 stock split effected on March 14, 2006). All rollover options granted were fully vested on the date of grant. In addition to shares of common stock reserved for issuance upon the exercise of rollover options, an aggregate of 5,469,301 shares of TD Group’s common stock were reserved for issuance upon the exercise of new management options. In general, approximately 20% of all new management options vested based on employment service or a change in control. These time vested options had a graded vesting schedule of up to four years. Approximately 80% of all new management options vested (i) based upon the satisfaction of specified performance criteria, which is annual and cumulative EBITDA As Defined targets through 2008, or (ii) upon the occurrence of a change in control if the Investor Group (defined as Warburg Pincus and the other initial investors in TD Group) received a minimum specified rate of return. Unless terminated earlier, the options expire ten years from the date of grant.

TD Group has reserved a total of 9,339,453 shares of its common stock for issuance to the Company’s employees under the plan, which had all been issued as of September 30, 2013.

Time Vested Stock Options—The following table summarizes activity, pricing and other information for the Company’s time vested stock-based award activity during the fiscal year ended September 30, 2014:


	Number of Options			Weighted-Average Exercise Price Per Option		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at September 30, 2013		113,467		$	20.62
Granted		—			—
Exercised		(73,224	)		16.44
Forfeited		—			—

Outstanding at September 30, 2014		40,243		$	28.24		2.1 years	$	6,281,530

Exercisable at September 30, 2014		40,243		$	28.24		2.1 years	$	6,281,530

Performance Vested Stock Options—The following table summarizes the activity, pricing and other information for the Company’s performance vested stock-based award activity during the fiscal year ended September 30, 2014:


	Number of Options			Weighted-Average Exercise Price Per Option		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at September 30, 2013		437,009		$	37.69
Granted		—			—
Exercised		(152,741	)		17.60

Outstanding at September 30, 2014		284,268		$	48.48		3.2 years	$	38,617,808

Exercisable at September 30, 2014		206,439		$	17.71		1.3 years	$	34,396,866

The total intrinsic value of time, performance and rollover options exercised during the fiscal years ended September 30, 2014, 2013 and 2012 was $88.7 million, $120.8 million and $137.5 million, respectively.

Dividend Equivalent Plans

Pursuant to the Third Amended and Restated TransDigm Group Incorporated 2003 Stock Option Plan Dividend Equivalent Plan and the Second Amended and Restated TransDigm Group Incorporated 2006 Stock Incentive Plan Dividend Equivalent Plan, all of the options granted under the 2003 stock option plan and the 2006 stock incentive plan are entitled to certain dividend equivalent payments in the event of the declaration of a dividend by the Company.

Dividend equivalent payments on vested options including those options that became fully vested under market sweep provisions thereof were $126.6 million, $171.2 million and $3.3 million during the years ended September 30, 2014, 2013 and 2012, respectively.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References+ Details

LEASES

12 Months Ended

Sep. 30, 2014

LEASES

18.

LEASES

TransDigm leases certain manufacturing facilities, equipment and vehicles with rental payments required through January 2051. Rental expense during the years ended September 30, 2014, 2013 and 2012 was $12.1 million, $9.2 million and $7.9 million, respectively.

Future minimum rental commitments at September 30, 2014 under operating leases having initial or remaining non-cancelable lease terms exceeding one year are $11.5 million in fiscal 2015, $10.4 million in fiscal 2016, $8.3 million in fiscal 2017, $6.7 million in fiscal 2018, $5.2 million in fiscal 2019, and $19.5 million thereafter.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References+ Details

FAIR VALUE MEASUREMENTS

12 Months Ended

Sep. 30, 2014

FAIR VALUE MEASUREMENTS

19.

FAIR VALUE MEASUREMENTS

The following tables present our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.

The following summarizes the carrying amounts and fair values of financial instruments as of September 30 (in thousands):


			September 30, 2014				September 30, 2013
	Level		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents		1	$	819,548	$	819,548	$	564,740	$	564,740
Liabilities:
Interest rate swap agreements⁽¹⁾		2		20,070		20,070		6,950		6,950
Interest rate swap agreements⁽²⁾		2		4,650		4,650		7,550		7,550
Short-term borrowings—trade receivable securitization facility		1		200,000		200,000		—		—
Long-term debt:
Term loans		2		3,873,131		3,821,000		3,081,238		3,065,000
7³/₄% Senior Subordinated Notes due 2018		1		—		—		1,600,000		1,708,000
5¹/₂% Senior Subordinated Notes due 2020		1		550,000		529,000		550,000		540,000
7¹/₂% Senior Subordinated Notes due 2021		1		500,000		531,000		500,000		536,000
6% Senior Subordinated Notes due 2022		1		1,150,000		1,121,000		—		—
6¹/₂% Senior Subordinated Notes due 2024		1		1,200,000		1,182,000		—		—

(1)	Included in Accrued liabilities on the Condensed Consolidated Balance Sheet.

(2)	Included in Other non-current liabilities on the Condensed Consolidated Balance Sheet.

Interest rate swaps were measured at fair value using quoted market prices for the swap interest rate indexes over the term of the swap discounted to present value versus the fixed rate of the contract. The estimated fair value of the Company’s term loans was based on information provided by the agent under the Company’s senior secured credit facility. The estimated fair values of the Company’s 2018 Notes, 2020 Notes, 2021 Notes, 2022 Notes and 2024 Notes were based upon quoted market prices.

DERIVATIVES AND HEDGING ACTIVITIES

12 Months Ended

Sep. 30, 2014

DERIVATIVES AND HEDGING ACTIVITIES

20.

DERIVATIVES AND HEDGING ACTIVITIES

The Company is exposed to, among other things, the impact of changes in interest rates in the normal course of business. The Company’s risk management program is designed to manage the exposure and volatility arising from these risks, and utilizes derivative financial instruments to offset a portion of these risks. The Company uses derivative financial instruments only to the extent necessary to hedge identified business risks and does not enter into such transactions for trading purposes. The Company generally does not require collateral or other security with counterparties to these financial instruments and is therefore subject to credit risk in the event of nonperformance; however, the Company monitors credit risk and currently does not anticipate nonperformance by other parties. The Company has agreements with each of its Swap counterparties that contain a provision whereby if the Company defaults on the 2014 Credit Facility the Company could also be declared in default on its Swaps, resulting in an acceleration of payment under the Swaps.

Interest rate swap agreements are used to manage interest rate risk associated with floating-rate borrowings under our 2014 Credit Facility. The interest rate swap agreements utilized by the Company effectively modify the Company’s exposure to interest rate risk by converting a portion of the Company’s floating-rate debt to a fixed rate basis through the expiration date of the interest rate swap agreements, thereby reducing the impact of interest rate changes on future interest expense. These agreements involve the receipt of floating rate amounts in exchange for fixed rate interest payments over the term of the agreements without an exchange of the underlying principal amount. These derivative instruments that qualify as effective cash flow hedges under GAAP. For these cash flow hedges, the effective portion of the gain or loss from the financial instruments was initially reported as a component of accumulated other comprehensive income (loss) in stockholders’ equity and subsequently reclassified into earnings in the same line as the hedged item in the same period or periods during which the hedged item affected earnings.

At September 30, 2014, three forward-starting interest rate swap agreements were in place to swap variable rates on the 2014 Credit Facility for a fixed rate based on an aggregate notional amount of $353 million. These interest rate swap agreements converted the variable interest rate on the aggregate notional amount of the 2013 Credit Facility to a fixed rate of 5.17% (2.17% plus the 3% margin percentage) through June 30, 2015.

In conjunction with the refinancing of the 2011 Credit Facility, the Company no longer designated the interest rate swap agreements relating to the $353 million aggregate notional amount as cash flow hedges for accounting purposes. Accordingly, amounts previously recorded as a component of accumulated other comprehensive loss in stockholder’s equity will be amortized into earnings over the remaining period of the swap agreements.

The net after-tax loss included in accumulated other comprehensive loss to be reclassified into interest expense over the remaining term of the swap agreements was $20.1 million at September 30, 2014.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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+ Details

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Sep. 30, 2014

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

21.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) consists of the following at September 30 (in thousands):


	2014			2013
Interest rate swap agreements, net of taxes of $8.9 million for 2014 and $5.2 million for 2013	$	(15,888	)	$	(9,722	)
Cumulative foreign currency translation adjustments		(3,056	)		4,597
Pension liability adjustments, net of taxes of $3.7 million for 2014 and $0.9 million for 2013		(6,227	)		(1,391	)

Total	$	(25,171	)	$	(6,516	)

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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+ Details

QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Sep. 30, 2014

QUARTERLY FINANCIAL DATA (UNAUDITED)

22.

QUARTERLY FINANCIAL DATA (UNAUDITED)


	First Quarter Ended December 28, 2013		Second Quarter Ended March 29, 2014		Third Quarter Ended June 28, 2014			Fourth Quarter Ended September 30, 2014
	(in thousands, except per share amounts)
Year Ended September 30, 2014
Net sales	$	529,322	$	590,761	$	610,582		$	642,241
Gross profit		284,136		307,582		327,528			348,628
Net income		86,123		90,355		16,177			114,255
Net earnings (loss) per share—basic and diluted⁽¹⁾	$	1.44	$	1.49	$	(1.66	)	$	1.91


	First Quarter Ended December 29, 2012		Second Quarter Ended March 30, 2013		Third Quarter Ended June 29, 2013		Fourth Quarter Ended September 30, 2013
	(in thousands, except per share amounts)
Year Ended September 30, 2013
Net sales	$	430,418	$	465,609	$	488,636	$	539,737
Gross profit		238,547		259,310		268,986		282,719
Net income		74,170		67,937		76,655		84,027
Net earnings (loss) per share—basic and diluted⁽¹⁾	$	0.66	$	1.25	$	0.71	$	(0.20	)

(1)	The sum of the earnings per share for the four quarters in a year does not necessarily equal the total year earnings per share.

(2)	The Company’s operating results include the results of operations of acquisitions from the effective date of each acquisition. See Note 2 to the Consolidated Financial Statements.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

SUPPLEMENTAL GUARANTOR INFORMATION

12 Months Ended

Sep. 30, 2014

SUPPLEMENTAL GUARANTOR INFORMATION

23.

SUPPLEMENTAL GUARANTOR INFORMATION

TransDigm’s 2018 Notes, 2020 Notes, 2021 Notes, 2022 Notes and 2024 Notes are jointly and severally guaranteed, on a senior subordinated basis, by TD Group and TransDigm Inc.’s 100% Domestic Restricted Subsidiaries, as defined in the Indentures. The following supplemental condensed consolidating financial information presents, in separate columns, the balance sheets of the Company as of September 30, 2014 and September 30, 2013 and its statements of income and cash flows for the fiscal years ended September 30, 2014, 2013 and 2012 for (i) TransDigm Group on a parent only basis with its investment in subsidiaries recorded under the equity method, (ii) TransDigm Inc. including its directly owned operations and non-operating entities, (iii) the Subsidiary Guarantors on a combined basis, (iv) Non-Guarantor Subsidiaries and (v) the Company on a consolidated basis.

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING BALANCE SHEET

AS OF SEPTEMBER 30, 2014

(Amounts in Thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors		Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	2,088		$	782,648		$	3,793	$	31,019		$	—		$	819,548
Trade accounts receivable—Net		—			(305	)		1,711		351,881			(1,980	)		351,307
Inventories—Net		—			32,287			382,016		45,471			(700	)		459,074
Deferred income taxes		—			37,669			—		—			—			37,669
Prepaid expenses and other		—			2,040			14,789		5,149			—			21,978

Total current assets		2,088			854,339			402,309		433,520			(2,680	)		1,689,576
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES		(1,558,187	)		5,327,465			3,758,085		(59,788	)		(7,467,575	)		—
PROPERTY, PLANT AND EQUIPMENT—Net		—			15,884			167,257		28,967			—			212,108
GOODWILL		—			64,461			3,289,295		171,321			—			3,525,077
TRADEMARKS AND TRADE NAMES		—			19,377			449,706		45,437			—			514,520
OTHER INTANGIBLE ASSETS—Net		—			20,689			642,305		41,099			(1,460	)		702,633
DEBT ISSUE COSTS—Net		—			92,155			—		238			—			92,393
OTHER		—			7,845			11,754		942			—			20,541

TOTAL ASSETS	$	(1,556,099	)	$	6,402,215		$	8,720,711	$	661,736		$	(7,471,715	)	$	6,756,848

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES:
Current portion of long-term debt	$	—		$	39,295		$	—	$	—		$	—		$	39,295
Short-term borrowings—trade receivable securitization facility		—			—			—		200,000			—			200,000
Accounts payable		—			17,629			85,328		14,768			(1,984	)		115,741
Accrued liabilities		—			106,631			98,308		25,932			—			230,871

Total current liabilities		—			163,555			183,636		240,700			(1,984	)		585,907
LONG-TERM DEBT		—			7,233,836			—		—			—			7,233,836
DEFERRED INCOME TAXES		—			402,538			—		(291	)		—			402,247
OTHER NON-CURRENT LIABILITIES		—			42,470			42,445		6,042			—			90,957

Total liabilities		—			7,842,399			226,081		246,451			(1,984	)		8,312,947

STOCKHOLDERS’ EQUITY (DEFICIT)		(1,556,099	)		(1,440,184	)		8,494,630		415,285			(7,469,731	)		(1,556,099	)

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	(1,556,099	)	$	6,402,215		$	8,720,711	$	661,736		$	(7,471,715	)	$	6,756,848

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING BALANCE SHEET

AS OF SEPTEMBER 30, 2013

(Amounts in Thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	1,313		$	536,863		$	7,900	$	18,664	$	—		$	564,740
Trade accounts receivable—Net		—			16,332			251,272		24,567		(1,722	)		290,449
Inventories—Net		—			26,353			359,518		28,633		(923	)		413,581
Deferred income taxes		—			30,182			—		—		—			30,182
Prepaid expenses and other		—			7,533			10,693		3,317		—			21,543

Total current assets		1,313			617,263			629,383		75,181		(2,645	)		1,320,495
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES		(337,694	)		5,206,201			2,527,374		77,853		(7,473,734	)		—
PROPERTY, PLANT AND EQUIPMENT—Net		—			15,471			178,193		15,300		—			208,964
GOODWILL		—			67,245			3,192,519		84,143		—			3,343,907
TRADEMARKS AND TRADE NAMES		—			19,377			434,066		32,247		—			485,690
OTHER INTANGIBLE ASSETS—Net		—			22,130			663,881		19,249		(1,460	)		703,800
DEBT ISSUE COSTS—Net		—			72,668			—		—		—			72,668
OTHER		—			2,633			10,520		201		1			13,355

TOTAL ASSETS	$	(336,381	)	$	6,022,988		$	7,635,936	$	304,174	$	(7,477,838	)	$	6,148,879

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES:
Current portion of long-term debt	$	—		$	31,045		$	—	$	—	$	—		$	31,045
Accounts payable		—			14,353			82,661		11,481		(1,727	)		106,768
Accrued liabilities		—			80,313			88,204		16,170		—			184,687

Total current liabilities		—			125,711			170,865		27,651		(1,727	)		322,500
LONG-TERM DEBT		—			5,700,193			—		—		—			5,700,193
DEFERRED INCOME TAXES		—			384,301			—		—		—			384,301
OTHER NON-CURRENT LIABILITIES		—			32,474			45,748		44		—			78,266

Total liabilities		—			6,242,679			216,613		27,695		(1,727	)		6,485,260

STOCKHOLDERS’ EQUITY (DEFICIT)		(336,381	)		(219,691	)		7,419,323		276,479		(7,476,111	)		(336,381	)

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	(336,381	)	$	6,022,988		$	7,635,936	$	304,174	$	(7,477,838	)	$	6,148,879

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

FOR THE YEAR ENDED SEPTEMBER 30, 2014

(Amounts in thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
NET SALES	$	—		$	125,389		$	2,051,541		$	206,952		$	(10,976	)	$	2,372,906
COST OF SALES		—			74,312			895,041			146,878			(11,199	)		1,105,032

GROSS PROFIT		—			51,077			1,156,500			60,074			223			1,267,874
SELLING AND ADMINISTRATIVE EXPENSES		—			65,272			176,516			34,658			—			276,446
AMORTIZATION OF INTANGIBLE ASSETS		—			1,388			55,730			6,490			—			63,608

INCOME (LOSS) FROM OPERATIONS		—			(15,583	)		924,254			18,926			223			927,820
INTEREST EXPENSE—Net		—			349,289			(36	)		(1,565	)		—			347,688
REFINANCING COSTS		—			131,622			—			—			—			131,622
EQUITY IN INCOME OF SUBSIDIARIES		(306,910	)		(639,539	)		—			—			946,449			—

INCOME BEFORE INCOME TAXES		306,910			143,045			924,290			20,491			(946,226	)		448,510
INCOME TAX PROVISION (BENEFIT)		—			(163,865	)		293,961			11,504			—			141,600

NET INCOME	$	306,910		$	306,910		$	630,329		$	8,987		$	(946,226	)	$	306,910

OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX		(18,655	)		(3,951	)		(1,520	)		(13,184	)		18,655			(18,655	)

TOTAL COMPREHENSIVE INCOME	$	288,255		$	302,959		$	628,809		$	(4,197	)	$	(927,571	)	$	288,255

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

FOR THE YEAR ENDED SEPTEMBER 30, 2013

(Amounts in Thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
NET SALES	$	—		$	110,608		$	1,699,742	$	120,706	$	(6,656	)	$	1,924,400
COST OF SALES		—			66,524			732,812		81,583		(6,081	)		874,838

GROSS PROFIT		—			44,084			966,930		39,123		(575	)		1,049,562
SELLING AND ADMINISTRATIVE EXPENSES		—			88,286			147,620		17,180		1,382			254,468
AMORTIZATION OF INTANGIBLE ASSETS		—			624			43,265		1,750		—			45,639

INCOME (LOSS) FROM OPERATIONS		—			(44,826	)		776,045		20,193		(1,957	)		749,455
INTEREST EXPENSE—Net		—			267,385			2,028		1,272		—			270,685
REFINANCING COSTS		—			30,281			—		—		—			30,281
EQUITY IN INCOME OF SUBSIDIARIES		(302,789	)		(505,199	)		—		—		807,988			—

INCOME BEFORE INCOME TAXES		302,789			162,707			774,017		18,921		(809,945	)		448,489
INCOME TAX PROVISION (BENEFIT)		—			(140,082	)		272,829		12,953		—			145,700

NET INCOME	$	302,789		$	302,789		$	501,188	$	5,968	$	(809,945	)	$	302,789

OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX		1,535			(4,515	)		950		5,100		(1,535	)		1,535

TOTAL COMPREHENSIVE INCOME	$	304,324		$	298,274		$	502,138	$	11,068	$	(811,480	)	$	304,324

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

FOR THE YEAR ENDED SEPTEMBER 30, 2012

(Amounts in Thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors		Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
NET SALES	$	—		$	103,694		$	1,508,067	$	102,299		$	(13,852	)	$	1,700,208
COST OF SALES		—			64,394			622,056		81,390			(13,349	)		754,491

GROSS PROFIT		—			39,300			886,011		20,909			(503	)		945,717
SELLING AND ADMINISTRATIVE EXPENSES		—			61,214			125,261		15,234			—			201,709
AMORTIZATION OF INTANGIBLE ASSETS		—			624			41,937		1,672			—			44,233

INCOME (LOSS) FROM OPERATIONS		—			(22,538	)		718,813		4,003			(503	)		699,775
INTEREST EXPENSE—Net		—			208,384			2,268		1,254			—			211,906
EQUITY IN INCOME OF SUBSIDIARIES		(324,969	)		(465,683	)		—		—			790,652			—

INCOME BEFORE INCOME TAXES		324,969			234,761			716,545		2,749			(791,155	)		487,869
INCOME TAX PROVISION (BENEFIT)		—			(90,208	)		251,514		1,594			—			162,900

NET INCOME	$	324,969		$	324,969		$	465,031	$	1,155		$	(791,155	)	$	324,969

OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX		(4,774	)		(3,067	)		204		(1,911	)		4,774			(4,774	)

TOTAL COMPREHENSIVE INCOME (LOSS)	$	320,195		$	321,902		$	465,235	$	(756	)	$	(786,381	)	$	320,195

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED SEPTEMBER 30, 2014

(Amounts in thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	—		$	(123,074	)	$	952,855		$	(303,763	)	$	15,204		$	541,222
INVESTING ACTIVITIES:
Capital expenditures		—			(2,666	)		(28,927	)		(2,553	)		—			(34,146	)
Acquisition of business, net of cash acquired					(311,872	)		—			—						(311,872	)
Cash proceeds from sale of real estate		—			—			16,380			—			—			16,380

Net cash used in investing activities		—			(314,538	)		(12,547	)		(2,553	)		—			(329,638	)

FINANCING ACTIVITIES:
Intercompany activities		1,533,571			(694,208	)		(944,415	)		120,256			(15,204	)		—
Excess tax benefits related to share-based payment arrangements		51,709			—			—			—			—			51,709
Proceeds from exercise of stock options		26,738			—			—			—			—			26,738
Dividends paid		(1,451,391	)		—			—			—			—			(1,451,391	)
Treasury stock purchased		(159,852	)		—			—			—			—			(159,852	)
Proceeds from credit facility—net		—			805,360			—			—			—			805,360
Repayment on credit facility		—			(33,107	)		—			—			—			(33,107	)
Proceeds from senior subordinated notes—net		—			2,326,366			—			—			—			2,326,366
Repurchase of senior subordinated notes due 2018		—			(1,721,014	)		—			—			—			(1,721,014	)
Proceeds from trade receivable securitization facility—net		—			—			—			199,164			—			199,164

Net cash provided by (used in) financing activities		775			683,397			(944,415	)		319,420			(15,204	)		43,973

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		—			—			—			(749	)		—			(749	)

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		775			245,785			(4,107	)		12,355			—			254,808
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		1,313			536,863			7,900			18,664			—			564,740

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	2,088		$	782,648		$	3,793		$	31,019		$	—		$	819,548

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED SEPTEMBER 30, 2013

(Amounts in Thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	—		$	(95,862	)	$	565,957		$	8,703		$	(8,593	)	$	470,205
INVESTING ACTIVITIES:
Capital expenditures		—			(2,047	)		(29,727	)		(3,761	)		—			(35,535	)
Acquisition of business, net of cash acquired					(483,257	)		—			—			—			(483,257	)
Cash proceeds from sale of investment		—			16,350			—			—			—			16,350

Net cash used in investing activities		—			(468,954	)		(29,727	)		(3,761	)		—			(502,442	)

FINANCING ACTIVITIES:
Intercompany activities		1,884,828			(1,365,022	)		(532,824	)		4,425			8,593			—
Excess tax benefits related to share-based payment arrangements		66,201			—			—			—			—			66,201
Proceeds from exercise of stock options		21,534			—			—			—			—			21,534
Dividends paid		(1,991,350	)		—			—			—			—			(1,991,350	)
Proceeds from credit facility—net		—			3,211,374			—			—			—			3,211,374
Repayment on credit facility		—			(2,187,885	)		—			—			—			(2,187,885	)
Proceeds from senior subordinated notes—net		—			1,036,321			—			—			—			1,036,321

Net cash provided by (used in) financing activities		(18,787	)		694,788			(532,824	)		4,425			8,593			156,195

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		—			—			—			258			—			258

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(18,787	)		129,972			3,406			9,625			—			124,216
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		20,100			406,891			4,494			9,039			—			440,524

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	1,313		$	536,863		$	7,900		$	18,664		$	—		$	564,740

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED SEPTEMBER 30, 2012

(Amounts in Thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	—		$	(119,491	)	$	523,759		$	9,466		$	151		$	413,885
INVESTING ACTIVITIES:
Capital expenditures		—			(1,865	)		(22,259	)		(1,122	)		—			(25,246	)
Acquisition of businesses, net of cash acquired		—			(868,696	)		—			—			—			(868,696	)
Cash proceeds from sale of business		—			17,650			—			—			—			17,650

Net cash used in investing activities		—			(852,911	)		(22,259	)		(1,122	)		—			(876,292	)

FINANCING ACTIVITIES:
Intercompany activities		(47,715	)		554,153			(499,121	)		(7,166	)		(151	)		—
Excess tax benefits related to share-based payment arrangements		50,555			—			—			—			—			50,555
Proceeds from exercise of stock options		15,710			—			—			—			—			15,710
Dividends paid		(3,299	)		—			—			—			—			(3,299	)
Treasury stock purchased		(846	)		—			—			—			—			(846	)
Proceeds from credit facility—net		—			484,316			—			—			—			484,316
Repayment on credit facility		—			(19,250	)		—			—			—			(19,250	)

Net cash provided by (used in) financing activities		14,405			1,019,219			(499,121	)		(7,166	)		(151	)		527,186

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		—			—			—			(438	)		—			(438	)

INCREASE IN CASH AND CASH EQUIVALENTS		14,405			46,817			2,379			740			—			64,341
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		5,695			360,074			2,115			8,299			—			376,183

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	20,100		$	406,891		$	4,494		$	9,039		$	—		$	440,524

VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Sep. 30, 2014

VALUATION AND QUALIFYING ACCOUNTS

TRANSDIGM GROUP INCORPORATED

VALUATION AND QUALIFYING ACCOUNTS

FOR THE YEARS ENDED SEPTEMBER 30, 2014, 2013, AND 2012

(Amounts in Thousands)


Column A	Column B		Column C						Column D			Column E
	Balance at Beginning of Period		Additions						Deductions from Reserve⁽¹⁾			Balance at End of Period
Description	Balance at Beginning of Period		Charged to Costs and Expenses			Acquisitions			Deductions from Reserve⁽¹⁾			Balance at End of Period
Year Ended September 30, 2014
Allowance for doubtful accounts	$	5,485	$	682		$	81		$	(2,157	)	$	4,091
Reserve for excess and obsolete inventory		45,369		16,027			—			(5,810	)		55,586
Valuation allowance for deferred tax assets		26,125		(4,494	)		2,636			—			24,267
Year Ended September 30, 2013
Allowance for doubtful accounts	$	4,960	$	1,566		$	1,137		$	(2,178	)	$	5,485
Reserve for excess and obsolete inventory		36,081		14,159			148			(5,019	)		45,369
Valuation allowance for deferred tax assets		16,150		10,217			(242	)		—			26,125
Year Ended September 30, 2012
Allowance for doubtful accounts		2,873		1,555			1,066			(534	)		4,960
Reserve for excess and obsolete inventory		25,623		11,839			4,933			(6,314	)		36,081
Valuation allowance for deferred tax assets		15,874		453			7,050			(7,227	)		16,150

(1)	The amounts in this column represent charge-offs net of recoveries and the impact of foreign currency translation adjustments.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2014
Basis of Presentation and Consolidation	*Basis of Presentation and Consolidation*—The accompanying consolidated financial statements were prepared in conformity with generally accepted accounting principles in the United States (“GAAP”) and include the accounts of TD Group and subsidiaries. All significant intercompany balances and transactions have been eliminated.
Revenue Recognition and Related Allowances	*Revenue Recognition and Related Allowances*—Revenue is recognized from the sale of products when title and risk of loss passes to the customer, which is generally at the time of shipment. Substantially all product sales are made pursuant to firm, fixed-price purchase orders received from customers. Provisions for estimated returns, uncollectible accounts and the cost of repairs under contract warranty provisions are provided for in the same period as the related revenues are recorded and are principally based on historical results modified, as appropriate, by the most current information available. Due to uncertainties in the estimation process, it is possible that actual results may vary from the estimates.
Shipping and Handling Costs	*Shipping and Handling Costs*—Shipping and handling costs are included in cost of sales in the Consolidated Statements of Income.
Research and Development Costs	*Research and Development Costs*—The Company expenses research and development costs as incurred and classifies such amounts in selling and administrative expenses. The expense recognized for research and development costs for the years ended September 30, 2014, 2013 and 2012 was approximately $42.3 million, $32.1 million, and $27.9 million, respectively.
Cash Equivalents	*Cash Equivalents*—The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.
Allowance for Uncollectible Accounts	*Allowance for Uncollectible Accounts*—The Company reserves for amounts determined to be uncollectible based on specific identification of losses and estimated losses based on historical experience. The allowance also incorporates a provision for the estimated impact of disputes with customers. The determination of the amount of the allowance for doubtful accounts is subject to significant levels of judgment and estimation by management. If circumstances change or economic conditions deteriorate or improve, the allowance for doubtful accounts could increase or decrease.
Inventories	*Inventories*—Inventories are stated at the lower of cost or market. Cost of inventories is determined by the average cost and the first-in, first-out (FIFO) methods for all locations except CEF Industries, LLC, which determines the cost of inventories using the last-in, first-out (LIFO) method. Less than 4% of the inventory was valued under the LIFO method at September 30, 2014. Provision for potentially obsolete or slow-moving inventory is made based on management’s analysis of inventory levels and future sales forecasts. In accordance with industry practice, all inventories are classified as current assets even though a portion of the inventories may not be sold within one year.
Property, Plant and Equipment	*Property, Plant and Equipment*—Property, plant and equipment are stated at cost. Depreciation is computed using the straight-line method over the following estimated useful lives: land improvements from 10 to 20 years, buildings and improvements from 5 to 30 years, machinery and equipment from 2 to 10 years and furniture and fixtures from 3 to 10 years. Property, plant and equipment is assessed for potential impairment whenever indicators of impairment are present by determining whether the carrying value of the property can be recovered through projected, undiscounted cash flows from future operations over the property’s remaining estimated useful life. Any impairment recognized is the amount by which the carrying amount exceeds the fair value of the asset.
Debt Issue Costs, Premiums and Discounts	*Debt Issue Costs, Premiums and Discounts*—The cost of obtaining financing as well as premiums and discounts are amortized using the effective interest method over the terms of the respective obligations/securities.
Intangible Assets	*Intangible Assets*—Intangible assets consist of identifiable intangibles acquired or recognized in accounting for the acquisitions (trademarks, trade names, technology, order backlog and other intangible assets) and goodwill. Goodwill and intangible assets that have indefinite useful lives (trademarks and trade names) are subject to annual impairment testing. Management determines fair value using a discounted future cash flow analysis or other accepted valuation techniques. The Company performs an annual impairment test for goodwill and other intangible assets as of the first day of the fourth fiscal quarter of each year, or more frequently, if an event occurs or circumstances change that would more likely than not reduce fair value below current value. A two-step impairment test is used to identify potential goodwill impairment. The first step of the goodwill impairment test, used to identify potential impairment, compares the fair value of a reporting unit (as defined) with its carrying amount, including goodwill. If the fair value of the reporting unit exceeds its carrying amount, goodwill is not considered impaired, and the second step of the goodwill impairment test is unnecessary. The second step measures the amount of impairment, if any, by comparing the carrying value of the goodwill associated with a reporting unit to the implied fair value of the goodwill derived from the estimated overall fair value of the reporting unit and the individual fair values of the other assets and liabilities of the reporting unit. GAAP requires that the annual, and any interim, impairment assessment be performed at the reporting unit level. The reporting unit level is one level below an operating segment. Substantially all goodwill was determined and recognized for each reporting unit pursuant to the accounting for the merger or acquisition as of the date of each transaction. With respect to acquisitions integrated into an existing reporting unit, any acquired goodwill is combined with the goodwill of the reporting unit. The impairment test for indefinite lived intangible assets consists of a comparison between their fair values and carrying values. If the carrying amounts of intangible assets that have indefinite useful lives exceed their fair values, an impairment loss will be recognized in an amount equal to the sum of any such excesses. The Company assesses the recoverability of its amortizable intangible assets only when indicators of impairment are present by determining whether the amortization over their remaining lives can be recovered through projected, undiscounted cash flows from future operations. Amortization of amortizable intangible assets is computed using the straight-line method over the following estimated useful lives: technology from 20 to 22 years, order backlog over one year, and other intangible assets over 20 years.
Stock Option Plans	*Stock Option Plans*—The Company records stock-based compensation measured using the fair value method of accounting. Compensation expense is recorded over the vesting periods of the options. For options subject to accelerated vesting under the “market sweep” provision, additional stock compensation expense is recorded representing costs that would have been recognized over the remaining requisite service period of the award when the market condition is met.
Income Taxes	*Income Taxes*—The Company accounts for income taxes using an asset and liability approach. Deferred taxes are recorded for the difference between the book and tax basis of various assets and liabilities. A valuation allowance is provided when it is more likely than not that some or all of a deferred tax asset will not be realized.
Contingencies	*Contingencies*—During the ordinary course of business, the Company is from time to time threatened with, or may become a party to, legal actions and other proceedings. While the Company is currently involved in certain legal proceedings, it believes the results of these proceedings will not have a material adverse effect on its financial condition, results of operations, or cash flows.
Estimates	*Estimates*—The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Comprehensive Income (Loss)	*Comprehensive Income (Loss)*—The term “comprehensive income (loss)” represents the change in stockholders’ equity from transactions and other events and circumstances resulting from non-stockholder sources. The Company’s accumulated other comprehensive income or loss, consisting principally of fair value adjustments to its interest rate swap agreements (net of tax), cumulative foreign currency translation adjustments and pension liability adjustments (net of tax), is reported separately in the accompanying consolidated statements of comprehensive income.
Foreign Currency Translation and Transactions	*Foreign Currency Translation and Transactions*—The assets and liabilities of subsidiaries located outside the United States are translated into U.S. dollars at the rates of exchange in effect at the balance sheet dates. Revenue and expense items are translated at the average exchange rates prevailing during the period. Gains and losses resulting from foreign currency transactions are recognized currently in income, and those resulting from translation of financial statements are accumulated as a separate component of other comprehensive income (loss) for the period. Foreign currency gains or losses recognized currently in income from changes in exchange rates were not material to our results of operations.
Earnings per Share	*Earnings per Share*—Earnings per share information is determined using the two-class method, which includes the weighted-average number of common shares outstanding during the period and other securities that participate in dividends (“participating securities”). Our vested stock options are considered “participating securities” because they include non-forfeitable rights to dividends. In applying the two-class method, earnings are allocated to both common stock shares and participating securities based on their respective weighted-average shares outstanding for the period. Diluted earnings per share information may include the additional effect of other securities, if dilutive, in which case the dilutive effect of such securities is calculated using the treasury stock method.

EARNINGS PER SHARE (TWO-CLASS METHOD) (Tables)

12 Months Ended

Sep. 30, 2014

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):


	Fiscal Years Ended September 30,
	2014			2013			2012
Numerator for earnings per share:								`
Net income	$	306,910		$	302,789		$	324,969
Less dividends paid on participating securities		(126,626	)		(171,243	)		(3,299	)

Net income applicable to common stock—basic and diluted	$	180,284		$	131,546		$	321,670

Denominator for basic and diluted earnings per share under the two-class method:
Weighted average common shares outstanding		52,748			52,258			50,996
Vested options deemed participating securities		4,245			2,822			2,886

Total shares for basic and diluted earnings per share		56,993			55,080			53,882

Net earnings per share—basic and diluted	$	3.16		$	2.39		$	5.97

INVENTORIES (Tables)

12 Months Ended

Sep. 30, 2014

Inventories

Inventories consist of the following at September 30 (in thousands):


	2014			2013
Raw materials and purchased component parts	$	298,318		$	274,510
Work-in-progress		146,980			124,765
Finished Goods		69,658			58,052

Total		514,956			457,327
Reserves for excess and obsolete inventory and LIFO		(55,882	)		(43,746	)

Inventories—net	$	459,074		$	413,581

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Sep. 30, 2014

Property, Plant and Equipment

Property, plant and equipment consist of the following at September 30 (in thousands):


	2014			2013
Land and improvements	$	33,722		$	44,103
Buildings and improvements		114,030			99,115
Machinery, equipment and other		235,642			208,037
Construction in progress		12,174			10,895

Total		395,568			362,150
Accumulated depreciation		(183,460	)		(153,186	)

Property, plant and equipment—net	$	212,108		$	208,964

INTANGIBLE ASSETS (Tables)

12 Months Ended

Sep. 30, 2014

Intangible Assets Subject to Amortization

Intangible assets subject to amortization consist of the following at September 30 (in thousands):


	2014						2013
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Technology	$	854,918	$	186,278	$	668,640	$	801,010	$	143,196	$	657,814
Order backlog		8,006		6,006		2,000		19,255		7,936		11,319
Other		43,252		11,259		31,993		43,427		8,760		34,667

Total	$	906,176	$	203,543	$	702,633	$	863,692	$	159,892	$	703,800

Information Regarding Amortization Expense of Amortizable Intangible Assets

Information regarding the amortization expense of amortizable intangible assets is detailed below (in thousands):

Aggregate Amortization Expense:


Years ended September 30,
2014	$	63,842
2013		46,208
2012		44,535

Information Regarding Amortization Expense of Amortizable Intangible Assets

Estimated Amortization Expense:


Years ending September 30,
2015	$	46,615
2016		44,610
2017		44,610
2018		44,610
2019		44,610

Intangible Assets Acquired

Intangible assets acquired during the year ended September 30, 2014 were as follows (in thousands):


	Cost		Amortization Period
Intangible assets not subject to amortization:
Goodwill	$	178,514
Trademarks and trade names		31,278

		209,792

Intangible assets subject to amortization:
Technology		53,380		20 years
Order backlog		8,020		1 year

		61,400		17.5 years

Total	$	271,192

Summary of Changes in Carrying Value of Goodwill

The changes in the carrying amount of goodwill by segment for the fiscal years ended September 30, 2013 and 2014 were as follows (in thousands):


	Power & Control			Airframe			Non- aviation		Total
Balance at September 30, 2012	$	1,274,703		$	1,711,214		$	49,585	$	3,035,502
Goodwill acquired during the year (Note 2)		284,889			13,969			5,485		304,343
Purchase price allocation adjustments		7,333			(6,457	)		—		876
Other		1			3,175			10		3,186

Balance at September 30, 2013		1,566,926			1,721,901			55,080		3,343,907
Goodwill acquired during the year (Note 2)		20,323			158,191			—		178,514
Purchase price allocation adjustments		5,138			861			289		6,288
Other		(4,707	)		1,075			—		(3,632	)

Balance at September 30, 2014	$	1,587,680		$	1,882,028		$	55,369	$	3,525,077

DEBT (Tables)

12 Months Ended

Sep. 30, 2014

Debt

The Company’s debt consists of the following at September 30 (in thousands):


	2014		2013
Short-term borrowings—trade receivable securitization facility	$	200,000	$	—

Term loans	$	3,873,131	$	3,081,238
Senior Subordinated Notes due 2024		1,200,000		—
Senior Subordinated Notes due 2022		1,150,000		—
Senior Subordinated Notes due 2021		500,000		500,000
Senior Subordinated Notes due 2020		550,000		550,000
Senior Subordinated Notes due 2018		—		1,600,000

		7,273,131		5,731,238
Less current portion		39,295		31,045

Long-term debt	$	7,233,836	$	5,700,193

Future Maturities of Long-Term Debt

At September 30, 2014, future maturities of long-term debt are as follows (in thousands):


Years ended September 30,
2015	$	39,295
2016		39,295
2017		515,545
2018		34,295
2019		34,295
Thereafter		6,610,406

	$	7,273,131

INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2014

Income Tax Provision on Income Before Income Taxes

The Company’s income tax provision on income before income taxes consists of the following for the periods shown below (in thousands):


	Fiscal Years Ended September 30,
	2014			2013			2012
Current
Federal	$	138,596		$	133,438		$	122,884
State		7,807			8,933			12,855
Foreign		4,613			5,943			2,361

		151,016			148,314			138,100

Deferred		(9,416	)		(2,614	)		24,800

	$	141,600		$	145,700		$	162,900

Differences between Income Tax Provision on Income Before Income Taxes at Federal Statutory Income Tax Rate and Tax Provision shown in Accompanying Consolidated Statements of Income


	Fiscal Years Ended September 30,
	2014			2013			2012
Tax at statutory rate of 35%	$	156,979		$	156,970		$	170,754
State and local income taxes, net of federal benefit		5,658			4,858			5,221
Domestic manufacturing deduction		(13,980	)		(14,388	)		(9,126	)
Other—net		(7,057	)		(1,740	)		(3,949	)

Income tax provision	$	141,600		$	145,700		$	162,900

Components of Deferred Taxes

The components of the deferred taxes consist of the following at September 30 (in thousands):


	2014			2013
Deferred tax assets:
Employee benefits, compensation and other accrued obligations	$	60,457		$	48,932
Inventory		19,610			18,912
Net operating losses		16,345			14,916
Tax credits		11,343			13,687
Interest rate swaps		9,258			5,384
Environmental		8,380			9,582
Product warranties		5,046			3,826
Other		2,364			—

Total		132,803			115,239
Less: Valuation allowance		(24,267	)		(26,125	)

Total deferred tax assets		108,536			89,114

Deferred tax liabilities:
Intangible assets		444,059			408,755
Property, plant and equipment		19,348			23,373
Unremitted foreign earnings		4,918			5,069
Other		4,789			6,036

Total deferred tax liabilities		473,114			443,233

Total net deferred tax liabilities	$	364,578		$	354,119

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):


	2014			2013
Balance at beginning of period	$	6,129		$	6,932
Additions based on tax positions related to the prior year		990			151
Additions based on tax positions related to the current year		886			—
Lapse in statute of limitations		(1,139	)		(1,171	)
Acquisitions		7,085			217

Balance at end of period	$	13,951		$	6,129

SEGMENTS (Tables)

12 Months Ended

Sep. 30, 2014

Net Sales by Reportable Segment

The following table presents net sales by reportable segment (in thousands):


	Fiscal Years Ended September 30,
	2014		2013		2012
Net sales to external customers
Power & Control	$	1,077,214	$	872,325	$	776,342
Airframe		1,200,188		951,436		843,643
Non-aviation		95,504		100,639		80,223

	$	2,372,906	$	1,924,400	$	1,700,208

EBITDA Defined by Segment to Consolidated Income Before Taxes Operations

The following table reconciles EBITDA As Defined by segment to consolidated income before taxes operations before income taxes (in thousands):


	Fiscal Years Ended September 30,
	2014		2013		2012
EBITDA As Defined
Power & Control	$	550,735	$	455,950	$	410,259
Airframe		529,012		444,066		402,048
Non-aviation		18,479		23,647		24,133

Total segment EBITDA As Defined		1,098,226		923,663		836,440
Unallocated corporate expenses		25,019		23,385		27,421

Total Company EBITDA As Defined		1,073,207		900,278		809,019

Depreciation and amortization		96,385		73,515		68,227
Interest expense—net		347,688		270,685		211,906
Acquisition-related costs		20,541		26,433		18,866
Stock compensation expense		26,332		48,884		22,151
Other nonrecurring charges		2,129		1,991		—
Refinancing costs		131,622		30,281		—

Income before income taxes	$	448,510	$	448,489	$	487,869

Capital Expenditures and Depreciation and Amortization by Segment

The following table presents capital expenditures and depreciation and amortization by segment (in thousands):


	Fiscal Years Ended September 30,
	2014		2013		2012
Capital expenditures
Power & Control	$	11,645	$	13,149	$	9,436
Airframe		19,333		19,121		13,730
Non-aviation		3,097		2,773		1,920
Corporate		71		492		160

	$	34,146	$	35,535	$	25,246

Depreciation and amortization
Power & Control	$	38,251	$	27,586	$	21,565
Airframe		52,461		42,960		44,128
Non-aviation		4,579		2,614		2,393
Corporate		1,094		355		141

	$	96,385	$	73,515	$	68,227

Total Assets by Segment

The following table presents total assets by segment (in thousands):


	September 30, 2014		September 30, 2013
Total assets
Power & Control	$	2,432,898	$	2,398,469
Airframe		3,263,926		2,958,974
Non-aviation		132,988		132,672
Corporate		927,036		658,764

	$	6,756,848	$	6,148,879

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Sep. 30, 2014

Weighted Average Assumptions for all Options Granted Estimated at Grant Date Using Black-Scholes-Merton Option-Pricing Model


	Fiscal Years Ended September 30,
	2014	2013	2012
Risk-free interest rate	1.71% to 2.03%	0.84% to 1.00%	1.10% to 1.50%
Expected life of options	6 years	6 years	6 years
Expected dividend yield of stock	—	—	—
Expected volatility of stock	35%	35%	40%

Time Vested Stock Options

Summary of Activity, Pricing and Other Information for Performance Vested Stock-Based Award Activity

The following table summarizes activity, pricing and other information for the Company’s time vested stock-based award activity during the fiscal year ended September 30, 2014:


	Number of Options			Weighted-Average Exercise Price Per Option		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at September 30, 2013		113,467		$	20.62
Granted		—			—
Exercised		(73,224	)		16.44
Forfeited		—			—

Outstanding at September 30, 2014		40,243		$	28.24		2.1 years	$	6,281,530

Exercisable at September 30, 2014		40,243		$	28.24		2.1 years	$	6,281,530

Performance Vested Stock Options | 2006 Stock Incentive Plan

Summary of Activity, Pricing and Other Information for Performance Vested Stock-Based Award Activity

The following table summarizes the activity, pricing and other information for the Company’s performance vested stock-based award activity during the fiscal year ended September 30, 2014:


	Number of Options			Weighted-Average Exercise Price Per Option		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at September 30, 2013		5,147,806		$	70.66
Granted		702,171			156.22
Exercised		(433,398	)		52.71
Forfeited		(88,475	)		144.12
Expired		—			—

Outstanding at September 30, 2014		5,328,104		$	82.18		6.3 years	$	544,265,824

Expected to vest		862,591		$	119.40		8.5 years	$	56,003,788

Exercisable at September 30, 2014		3,929,084		$	61.38		5.4 years	$	483,080,878

Performance Vested Stock Options | 2003 Stock Option Plan

Summary of Activity, Pricing and Other Information for Performance Vested Stock-Based Award Activity

The following table summarizes the activity, pricing and other information for the Company’s performance vested stock-based award activity during the fiscal year ended September 30, 2014:


	Number of Options			Weighted-Average Exercise Price Per Option		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at September 30, 2013		437,009		$	37.69
Granted		—			—
Exercised		(152,741	)		17.60

Outstanding at September 30, 2014		284,268		$	48.48		3.2 years	$	38,617,808

Exercisable at September 30, 2014		206,439		$	17.71		1.3 years	$	34,396,866

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Sep. 30, 2014

Carrying Amounts and Fair Values of Financial Instruments

The following summarizes the carrying amounts and fair values of financial instruments as of September 30 (in thousands):


			September 30, 2014				September 30, 2013
	Level		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents		1	$	819,548	$	819,548	$	564,740	$	564,740
Liabilities:
Interest rate swap agreements⁽¹⁾		2		20,070		20,070		6,950		6,950
Interest rate swap agreements⁽²⁾		2		4,650		4,650		7,550		7,550
Short-term borrowings—trade receivable securitization facility		1		200,000		200,000		—		—
Long-term debt:
Term loans		2		3,873,131		3,821,000		3,081,238		3,065,000
7³/₄% Senior Subordinated Notes due 2018		1		—		—		1,600,000		1,708,000
5¹/₂% Senior Subordinated Notes due 2020		1		550,000		529,000		550,000		540,000
7¹/₂% Senior Subordinated Notes due 2021		1		500,000		531,000		500,000		536,000
6% Senior Subordinated Notes due 2022		1		1,150,000		1,121,000		—		—
6¹/₂% Senior Subordinated Notes due 2024		1		1,200,000		1,182,000		—		—

(1)	Included in Accrued liabilities on the Condensed Consolidated Balance Sheet.

(2)	Included in Other non-current liabilities on the Condensed Consolidated Balance Sheet.

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References+ Details

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

12 Months Ended

Sep. 30, 2014

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) consists of the following at September 30 (in thousands):


	2014			2013
Interest rate swap agreements, net of taxes of $8.9 million for 2014 and $5.2 million for 2013	$	(15,888	)	$	(9,722	)
Cumulative foreign currency translation adjustments		(3,056	)		4,597
Pension liability adjustments, net of taxes of $3.7 million for 2014 and $0.9 million for 2013		(6,227	)		(1,391	)

Total	$	(25,171	)	$	(6,516	)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Sep. 30, 2014

Quarterly Financial Data (Unaudited)


	First Quarter Ended December 28, 2013		Second Quarter Ended March 29, 2014		Third Quarter Ended June 28, 2014			Fourth Quarter Ended September 30, 2014
	(in thousands, except per share amounts)
Year Ended September 30, 2014
Net sales	$	529,322	$	590,761	$	610,582		$	642,241
Gross profit		284,136		307,582		327,528			348,628
Net income		86,123		90,355		16,177			114,255
Net earnings (loss) per share—basic and diluted⁽¹⁾	$	1.44	$	1.49	$	(1.66	)	$	1.91


	First Quarter Ended December 29, 2012		Second Quarter Ended March 30, 2013		Third Quarter Ended June 29, 2013		Fourth Quarter Ended September 30, 2013
	(in thousands, except per share amounts)
Year Ended September 30, 2013
Net sales	$	430,418	$	465,609	$	488,636	$	539,737
Gross profit		238,547		259,310		268,986		282,719
Net income		74,170		67,937		76,655		84,027
Net earnings (loss) per share—basic and diluted⁽¹⁾	$	0.66	$	1.25	$	0.71	$	(0.20	)

(1)	The sum of the earnings per share for the four quarters in a year does not necessarily equal the total year earnings per share.

(2)	The Company’s operating results include the results of operations of acquisitions from the effective date of each acquisition. See Note 2 to the Consolidated Financial Statements.

SUPPLEMENTAL GUARANTOR INFORMATION (Tables)

12 Months Ended

Sep. 30, 2014

Supplemental Condensed Consolidating Balance Sheet

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING BALANCE SHEET

AS OF SEPTEMBER 30, 2014

(Amounts in Thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors		Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	2,088		$	782,648		$	3,793	$	31,019		$	—		$	819,548
Trade accounts receivable—Net		—			(305	)		1,711		351,881			(1,980	)		351,307
Inventories—Net		—			32,287			382,016		45,471			(700	)		459,074
Deferred income taxes		—			37,669			—		—			—			37,669
Prepaid expenses and other		—			2,040			14,789		5,149			—			21,978

Total current assets		2,088			854,339			402,309		433,520			(2,680	)		1,689,576
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES		(1,558,187	)		5,327,465			3,758,085		(59,788	)		(7,467,575	)		—
PROPERTY, PLANT AND EQUIPMENT—Net		—			15,884			167,257		28,967			—			212,108
GOODWILL		—			64,461			3,289,295		171,321			—			3,525,077
TRADEMARKS AND TRADE NAMES		—			19,377			449,706		45,437			—			514,520
OTHER INTANGIBLE ASSETS—Net		—			20,689			642,305		41,099			(1,460	)		702,633
DEBT ISSUE COSTS—Net		—			92,155			—		238			—			92,393
OTHER		—			7,845			11,754		942			—			20,541

TOTAL ASSETS	$	(1,556,099	)	$	6,402,215		$	8,720,711	$	661,736		$	(7,471,715	)	$	6,756,848

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES:
Current portion of long-term debt	$	—		$	39,295		$	—	$	—		$	—		$	39,295
Short-term borrowings—trade receivable securitization facility		—			—			—		200,000			—			200,000
Accounts payable		—			17,629			85,328		14,768			(1,984	)		115,741
Accrued liabilities		—			106,631			98,308		25,932			—			230,871

Total current liabilities		—			163,555			183,636		240,700			(1,984	)		585,907
LONG-TERM DEBT		—			7,233,836			—		—			—			7,233,836
DEFERRED INCOME TAXES		—			402,538			—		(291	)		—			402,247
OTHER NON-CURRENT LIABILITIES		—			42,470			42,445		6,042			—			90,957

Total liabilities		—			7,842,399			226,081		246,451			(1,984	)		8,312,947

STOCKHOLDERS’ EQUITY (DEFICIT)		(1,556,099	)		(1,440,184	)		8,494,630		415,285			(7,469,731	)		(1,556,099	)

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	(1,556,099	)	$	6,402,215		$	8,720,711	$	661,736		$	(7,471,715	)	$	6,756,848

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING BALANCE SHEET

AS OF SEPTEMBER 30, 2013

(Amounts in Thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	1,313		$	536,863		$	7,900	$	18,664	$	—		$	564,740
Trade accounts receivable—Net		—			16,332			251,272		24,567		(1,722	)		290,449
Inventories—Net		—			26,353			359,518		28,633		(923	)		413,581
Deferred income taxes		—			30,182			—		—		—			30,182
Prepaid expenses and other		—			7,533			10,693		3,317		—			21,543

Total current assets		1,313			617,263			629,383		75,181		(2,645	)		1,320,495
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES		(337,694	)		5,206,201			2,527,374		77,853		(7,473,734	)		—
PROPERTY, PLANT AND EQUIPMENT—Net		—			15,471			178,193		15,300		—			208,964
GOODWILL		—			67,245			3,192,519		84,143		—			3,343,907
TRADEMARKS AND TRADE NAMES		—			19,377			434,066		32,247		—			485,690
OTHER INTANGIBLE ASSETS—Net		—			22,130			663,881		19,249		(1,460	)		703,800
DEBT ISSUE COSTS—Net		—			72,668			—		—		—			72,668
OTHER		—			2,633			10,520		201		1			13,355

TOTAL ASSETS	$	(336,381	)	$	6,022,988		$	7,635,936	$	304,174	$	(7,477,838	)	$	6,148,879

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES:
Current portion of long-term debt	$	—		$	31,045		$	—	$	—	$	—		$	31,045
Accounts payable		—			14,353			82,661		11,481		(1,727	)		106,768
Accrued liabilities		—			80,313			88,204		16,170		—			184,687

Total current liabilities		—			125,711			170,865		27,651		(1,727	)		322,500
LONG-TERM DEBT		—			5,700,193			—		—		—			5,700,193
DEFERRED INCOME TAXES		—			384,301			—		—		—			384,301
OTHER NON-CURRENT LIABILITIES		—			32,474			45,748		44		—			78,266

Total liabilities		—			6,242,679			216,613		27,695		(1,727	)		6,485,260

STOCKHOLDERS’ EQUITY (DEFICIT)		(336,381	)		(219,691	)		7,419,323		276,479		(7,476,111	)		(336,381	)

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	(336,381	)	$	6,022,988		$	7,635,936	$	304,174	$	(7,477,838	)	$	6,148,879

Supplemental Condensed Consolidating Statement of Income and Comprehensive Income

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

FOR THE YEAR ENDED SEPTEMBER 30, 2014

(Amounts in thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
NET SALES	$	—		$	125,389		$	2,051,541		$	206,952		$	(10,976	)	$	2,372,906
COST OF SALES		—			74,312			895,041			146,878			(11,199	)		1,105,032

GROSS PROFIT		—			51,077			1,156,500			60,074			223			1,267,874
SELLING AND ADMINISTRATIVE EXPENSES		—			65,272			176,516			34,658			—			276,446
AMORTIZATION OF INTANGIBLE ASSETS		—			1,388			55,730			6,490			—			63,608

INCOME (LOSS) FROM OPERATIONS		—			(15,583	)		924,254			18,926			223			927,820
INTEREST EXPENSE—Net		—			349,289			(36	)		(1,565	)		—			347,688
REFINANCING COSTS		—			131,622			—			—			—			131,622
EQUITY IN INCOME OF SUBSIDIARIES		(306,910	)		(639,539	)		—			—			946,449			—

INCOME BEFORE INCOME TAXES		306,910			143,045			924,290			20,491			(946,226	)		448,510
INCOME TAX PROVISION (BENEFIT)		—			(163,865	)		293,961			11,504			—			141,600

NET INCOME	$	306,910		$	306,910		$	630,329		$	8,987		$	(946,226	)	$	306,910

OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX		(18,655	)		(3,951	)		(1,520	)		(13,184	)		18,655			(18,655	)

TOTAL COMPREHENSIVE INCOME	$	288,255		$	302,959		$	628,809		$	(4,197	)	$	(927,571	)	$	288,255

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

FOR THE YEAR ENDED SEPTEMBER 30, 2013

(Amounts in Thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
NET SALES	$	—		$	110,608		$	1,699,742	$	120,706	$	(6,656	)	$	1,924,400
COST OF SALES		—			66,524			732,812		81,583		(6,081	)		874,838

GROSS PROFIT		—			44,084			966,930		39,123		(575	)		1,049,562
SELLING AND ADMINISTRATIVE EXPENSES		—			88,286			147,620		17,180		1,382			254,468
AMORTIZATION OF INTANGIBLE ASSETS		—			624			43,265		1,750		—			45,639

INCOME (LOSS) FROM OPERATIONS		—			(44,826	)		776,045		20,193		(1,957	)		749,455
INTEREST EXPENSE—Net		—			267,385			2,028		1,272		—			270,685
REFINANCING COSTS		—			30,281			—		—		—			30,281
EQUITY IN INCOME OF SUBSIDIARIES		(302,789	)		(505,199	)		—		—		807,988			—

INCOME BEFORE INCOME TAXES		302,789			162,707			774,017		18,921		(809,945	)		448,489
INCOME TAX PROVISION (BENEFIT)		—			(140,082	)		272,829		12,953		—			145,700

NET INCOME	$	302,789		$	302,789		$	501,188	$	5,968	$	(809,945	)	$	302,789

OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX		1,535			(4,515	)		950		5,100		(1,535	)		1,535

TOTAL COMPREHENSIVE INCOME	$	304,324		$	298,274		$	502,138	$	11,068	$	(811,480	)	$	304,324

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

FOR THE YEAR ENDED SEPTEMBER 30, 2012

(Amounts in Thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors		Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
NET SALES	$	—		$	103,694		$	1,508,067	$	102,299		$	(13,852	)	$	1,700,208
COST OF SALES		—			64,394			622,056		81,390			(13,349	)		754,491

GROSS PROFIT		—			39,300			886,011		20,909			(503	)		945,717
SELLING AND ADMINISTRATIVE EXPENSES		—			61,214			125,261		15,234			—			201,709
AMORTIZATION OF INTANGIBLE ASSETS		—			624			41,937		1,672			—			44,233

INCOME (LOSS) FROM OPERATIONS		—			(22,538	)		718,813		4,003			(503	)		699,775
INTEREST EXPENSE—Net		—			208,384			2,268		1,254			—			211,906
EQUITY IN INCOME OF SUBSIDIARIES		(324,969	)		(465,683	)		—		—			790,652			—

INCOME BEFORE INCOME TAXES		324,969			234,761			716,545		2,749			(791,155	)		487,869
INCOME TAX PROVISION (BENEFIT)		—			(90,208	)		251,514		1,594			—			162,900

NET INCOME	$	324,969		$	324,969		$	465,031	$	1,155		$	(791,155	)	$	324,969

OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX		(4,774	)		(3,067	)		204		(1,911	)		4,774			(4,774	)

TOTAL COMPREHENSIVE INCOME (LOSS)	$	320,195		$	321,902		$	465,235	$	(756	)	$	(786,381	)	$	320,195

Supplemental Condensed Consolidating Statement of Cash Flows

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED SEPTEMBER 30, 2014

(Amounts in thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	—		$	(123,074	)	$	952,855		$	(303,763	)	$	15,204		$	541,222
INVESTING ACTIVITIES:
Capital expenditures		—			(2,666	)		(28,927	)		(2,553	)		—			(34,146	)
Acquisition of business, net of cash acquired					(311,872	)		—			—						(311,872	)
Cash proceeds from sale of real estate		—			—			16,380			—			—			16,380

Net cash used in investing activities		—			(314,538	)		(12,547	)		(2,553	)		—			(329,638	)

FINANCING ACTIVITIES:
Intercompany activities		1,533,571			(694,208	)		(944,415	)		120,256			(15,204	)		—
Excess tax benefits related to share-based payment arrangements		51,709			—			—			—			—			51,709
Proceeds from exercise of stock options		26,738			—			—			—			—			26,738
Dividends paid		(1,451,391	)		—			—			—			—			(1,451,391	)
Treasury stock purchased		(159,852	)		—			—			—			—			(159,852	)
Proceeds from credit facility—net		—			805,360			—			—			—			805,360
Repayment on credit facility		—			(33,107	)		—			—			—			(33,107	)
Proceeds from senior subordinated notes—net		—			2,326,366			—			—			—			2,326,366
Repurchase of senior subordinated notes due 2018		—			(1,721,014	)		—			—			—			(1,721,014	)
Proceeds from trade receivable securitization facility—net		—			—			—			199,164			—			199,164

Net cash provided by (used in) financing activities		775			683,397			(944,415	)		319,420			(15,204	)		43,973

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		—			—			—			(749	)		—			(749	)

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		775			245,785			(4,107	)		12,355			—			254,808
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		1,313			536,863			7,900			18,664			—			564,740

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	2,088		$	782,648		$	3,793		$	31,019		$	—		$	819,548

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED SEPTEMBER 30, 2013

(Amounts in Thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	—		$	(95,862	)	$	565,957		$	8,703		$	(8,593	)	$	470,205
INVESTING ACTIVITIES:
Capital expenditures		—			(2,047	)		(29,727	)		(3,761	)		—			(35,535	)
Acquisition of business, net of cash acquired					(483,257	)		—			—			—			(483,257	)
Cash proceeds from sale of investment		—			16,350			—			—			—			16,350

Net cash used in investing activities		—			(468,954	)		(29,727	)		(3,761	)		—			(502,442	)

FINANCING ACTIVITIES:
Intercompany activities		1,884,828			(1,365,022	)		(532,824	)		4,425			8,593			—
Excess tax benefits related to share-based payment arrangements		66,201			—			—			—			—			66,201
Proceeds from exercise of stock options		21,534			—			—			—			—			21,534
Dividends paid		(1,991,350	)		—			—			—			—			(1,991,350	)
Proceeds from credit facility—net		—			3,211,374			—			—			—			3,211,374
Repayment on credit facility		—			(2,187,885	)		—			—			—			(2,187,885	)
Proceeds from senior subordinated notes—net		—			1,036,321			—			—			—			1,036,321

Net cash provided by (used in) financing activities		(18,787	)		694,788			(532,824	)		4,425			8,593			156,195

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		—			—			—			258			—			258

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(18,787	)		129,972			3,406			9,625			—			124,216
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		20,100			406,891			4,494			9,039			—			440,524

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	1,313		$	536,863		$	7,900		$	18,664		$	—		$	564,740

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED SEPTEMBER 30, 2012

(Amounts in Thousands)


	TransDigm Group			TransDigm Inc.			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	—		$	(119,491	)	$	523,759		$	9,466		$	151		$	413,885
INVESTING ACTIVITIES:
Capital expenditures		—			(1,865	)		(22,259	)		(1,122	)		—			(25,246	)
Acquisition of businesses, net of cash acquired		—			(868,696	)		—			—			—			(868,696	)
Cash proceeds from sale of business		—			17,650			—			—			—			17,650

Net cash used in investing activities		—			(852,911	)		(22,259	)		(1,122	)		—			(876,292	)

FINANCING ACTIVITIES:
Intercompany activities		(47,715	)		554,153			(499,121	)		(7,166	)		(151	)		—
Excess tax benefits related to share-based payment arrangements		50,555			—			—			—			—			50,555
Proceeds from exercise of stock options		15,710			—			—			—			—			15,710
Dividends paid		(3,299	)		—			—			—			—			(3,299	)
Treasury stock purchased		(846	)		—			—			—			—			(846	)
Proceeds from credit facility—net		—			484,316			—			—			—			484,316
Repayment on credit facility		—			(19,250	)		—			—			—			(19,250	)

Net cash provided by (used in) financing activities		14,405			1,019,219			(499,121	)		(7,166	)		(151	)		527,186

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		—			—			—			(438	)		—			(438	)

INCREASE IN CASH AND CASH EQUIVALENTS		14,405			46,817			2,379			740			—			64,341
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		5,695			360,074			2,115			8,299			—			376,183

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	20,100		$	406,891		$	4,494		$	9,039		$	—		$	440,524

Acquisitions - Additional Information (Detail) (USD $)	12 Months Ended			12 Months Ended		0 Months Ended		1 Months Ended	0 Months Ended		0 Months Ended			0 Months Ended			0 Months Ended			0 Months Ended		0 Months Ended			0 Months Ended	3 Months Ended		0 Months Ended
Acquisitions - Additional Information (Detail) (USD $)	Sep. 30, 2012	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Minimum	Sep. 30, 2014 Maximum	Aug. 16, 2012 Distribution business	Dec. 29, 2012 Distribution business	Oct. 31, 2012 C-Safe LLC	Mar. 06, 2014 Elektro-Metall Export GmbH	Mar. 06, 2014 Elektro-Metall Export GmbH	Jun. 05, 2013 Arkwin Industries, Inc	Sep. 30, 2013 Arkwin Industries, Inc	Jun. 05, 2013 Arkwin Industries, Inc	Dec. 19, 2013 Airborne Systems Inc	Mar. 29, 2014 Airborne Systems Inc	Dec. 19, 2013 Airborne Systems Inc	Jun. 28, 2013 Whippany Actuation Systems LLC	Dec. 28, 2013 Whippany Actuation Systems LLC	Jun. 28, 2013 Whippany Actuation Systems LLC	Jun. 05, 2013 Aerosonic Corporation	Jun. 05, 2013 Aerosonic Corporation	Sep. 17, 2012 Aero-Instruments Co., LLC	Dec. 29, 2012 Aero-Instruments Co., LLC	Sep. 17, 2012 Aero-Instruments Co., LLC	Feb. 15, 2012 AmSafe Global Holdings, Inc.	Jun. 30, 2012 AmSafe Global Holdings, Inc.	Feb. 15, 2012 AmSafe Global Holdings, Inc.	Dec. 09, 2011 Harco LLC	Mar. 31, 2012 Harco LLC	Dec. 09, 2011 Harco LLC
Business Acquisition [Line Items]
Business acquisition cost									$ 49,600,000
Cash consideration paid to acquire business									40,400,000		285,700,000			264,200,000			151,500,000			39,800,000		34,600,000			749,700,000			83,300,000
Business acquisition, assumption of net indebtedness										9,200,000
Amount of goodwill expected to be non deductible for tax	3,035,502,000	3,525,077,000	3,343,907,000							20,300,000			184,900,000			158,200,000					14,800,000						397,000,000			56,000,000
Business acquisition purchase price adjustment												200,000			300,000			2,700,000					100,000						400,000
Amount of goodwill expected to be tax deductible																			105,100,000					22,000,000			77,000,000
Business acquisition, purchase price adjustment																										500,000
Cash proceeds from sale of business	17,650,000					17,800,000		5,000,000
Working capital adjustment							100,000
Total amount of business sold								16,400,000
Short term note receivable from business sold								$ 11,400,000
Estimated useful life of aircraft (in years)				25 years	30 years

Summary Of Significant Accounting Policies - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Summary Of Significant Accounting Policies [Line Items]
Research and development expense	$ 42.3	$ 32.1	$ 27.9
Finite lived intangible asset useful life	17 years 6 months
Maximum
Summary Of Significant Accounting Policies [Line Items]
Percentage of inventory valued under LIFO method	4.00%
Technology Intangible Assets \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Finite lived intangible asset useful life	20 years
Technology Intangible Assets \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Finite lived intangible asset useful life	22 years
Order backlog
Summary Of Significant Accounting Policies [Line Items]
Finite lived intangible asset useful life	1 year
Order backlog \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Finite lived intangible asset useful life	1 year
Other intangible assets \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Finite lived intangible asset useful life	20 years
Land Improvements \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	10 years
Land Improvements \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	20 years
Building Improvements \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	5 years
Building Improvements \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	30 years
Machinery and equipment \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	2 years
Machinery and equipment \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	10 years
Furniture and Fixtures \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	3 years
Furniture and Fixtures \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	10 years

- Definition

The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.

+ References+ Details

Computation of Basic and Diluted Earnings Per Share (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Numerator for earnings per share:
Net income	$ 306,910	$ 302,789	$ 324,969
Less dividends paid on participating securities	(126,626)	(171,243)	(3,299)
Net income applicable to common stock-basic and diluted	$ 180,284	$ 131,546	$ 321,670
Denominator for basic and diluted earnings per share under the two-class method:
Weighted average common shares outstanding	52,748	52,258	50,996
Vested options deemed participating securities	4,245	2,822	2,886
Total shares for basic and diluted earnings per share	56,993	55,080	53,882
Net earnings per share-basic and diluted	$ 3.16	$ 2.39	$ 5.97

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References+ Details

Sales and Trade Accounts Receivable - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Trade Accounts Receivable Securitization and Sale Program [Line Items]
NET SALES	$ 2,372,906	$ 1,924,400	$ 1,700,208
Percentage of trade accounts receivables from one company	11.00%
Trade accounts receivable due from foreign entities	35.00%
Sales to foreign customers, primarily in Western Europe, Canada and Asia
Trade Accounts Receivable Securitization and Sale Program [Line Items]
NET SALES	$ 735,900	$ 572,000	$ 508,800
Sales Revenue, Net
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Percentage of net sales from one customer	13.00%	12.00%	13.00%

Content Trade Accounts Receivable (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Trade Accounts Receivable Securitization and Sale Program [Line Items]
Trade accounts receivable-gross	$ 355,398	$ 295,934
Allowance for uncollectible accounts	(4,091)	(5,485)
Trade accounts receivable-net	$ 351,307	$ 290,449

Inventories (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Inventory [Line Items]
Raw materials and purchased component parts	$ 298,318	$ 274,510
Work-in-progress	146,980	124,765
Finished Goods	69,658	58,052
Total	514,956	457,327
Reserves for excess and obsolete inventory and LIFO	(55,882)	(43,746)
Inventories-net	$ 459,074	$ 413,581

Property, Plant and Equipment (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Property, Plant, and Equipment Disclosure [Line Items]
Land and improvements	$ 33,722	$ 44,103
Buildings and improvements	114,030	99,115
Machinery, equipment and other	235,642	208,037
Construction in progress	12,174	10,895
Total	395,568	362,150
Accumulated depreciation	(183,460)	(153,186)
Property, plant and equipment-net	$ 212,108	$ 208,964

Intangible Assets Subjects to Amortization (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 906,176	$ 863,692
Accumulated Amortization	203,543	159,892
Net	702,633	703,800
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	854,918	801,010
Accumulated Amortization	186,278	143,196
Net	668,640	657,814
Order backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8,006	19,255
Accumulated Amortization	6,006	7,936
Net	2,000	11,319
Other intangible assets
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	43,252	43,427
Accumulated Amortization	11,259	8,760
Net	$ 31,993	$ 34,667

Aggregate Amortization Expense (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Amortization Expense [Line Items]
Aggregate amortization expense	$ 63,842	$ 46,208	$ 44,535
Estimated Amortization Expense, 2015	46,615
Estimated Amortization Expense, 2016	44,610
Estimated Amortization Expense, 2017	44,610
Estimated Amortization Expense, 2018	44,610
Estimated Amortization Expense, 2019	$ 44,610

Intangible Assets Acquired (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 178,514	$ 304,343
Intangible assets not subject to amortization	209,792
Intangible assets subject to amortization	61,400
Total - Intangible assets both subject to and not subject to amortization	271,192
Amortization Period (in years)	17 years 6 months
Trademarks and trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets not subject to amortization	31,278
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization	53,380
Amortization Period (in years)	20 years
Order backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization	$ 8,020
Amortization Period (in years)	1 year

Summary of Changes in Carrying Value of Goodwill (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 3,343,907	$ 3,035,502
Goodwill acquired during the year (Note 2)	178,514	304,343
Purchase price allocation adjustments	6,288	876
Other	(3,632)	3,186
Goodwill, Ending Balance	3,525,077	3,343,907
Power & Control
Goodwill [Line Items]
Goodwill, Beginning Balance	1,566,926	1,274,703
Goodwill acquired during the year (Note 2)	20,323	284,889
Purchase price allocation adjustments	5,138	7,333
Other	(4,707)	1
Goodwill, Ending Balance	1,587,680	1,566,926
Airframe
Goodwill [Line Items]
Goodwill, Beginning Balance	1,721,901	1,711,214
Goodwill acquired during the year (Note 2)	158,191	13,969
Purchase price allocation adjustments	861	(6,457)
Other	1,075	3,175
Goodwill, Ending Balance	1,882,028	1,721,901
Non-aviation
Goodwill [Line Items]
Goodwill, Beginning Balance	55,080	49,585
Goodwill acquired during the year (Note 2)		5,485
Purchase price allocation adjustments	289
Other		10
Goodwill, Ending Balance	$ 55,369	$ 55,080

Accrued Liabilities (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Schedule of Accrued Liabilities [Line Items]
Interest	$ 69,523	$ 59,869
Compensation and related benefits	63,057	55,230
Interest rate swap agreements	20,070	6,950
Product warranties	14,243	14,999
Other	63,978	47,639
Total	$ 230,871	$ 184,687

- Definition

Carrying value as of the balance sheet date of the obligations incurred through that date and payable for employees' services provided. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References+ Details

- Definition

Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References+ Details

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References+ Details

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable for estimated claims under standard and extended warranty protection rights granted to customers. For classified balance sheets, represents the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References+ Details

Debt (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Debt Instrument [Line Items]
Short-term borrowings - trade receivable securitization facility	$ 200,000
Total debt outstanding	7,273,131	5,731,238
Less current portion	39,295	31,045
Long-term debt	7,233,836	5,700,193
Term Loans
Debt Instrument [Line Items]
Debt instrument, outstanding	3,873,131	3,081,238
6 1/2% Senior Subordinated Notes, Due 2024
Debt Instrument [Line Items]
Debt instrument, outstanding	1,200,000
6.00% Senior Subordinated Notes, Due 2022
Debt Instrument [Line Items]
Debt instrument, outstanding	1,150,000
7 1/2% Senior Subordinated Notes, Due 2021
Debt Instrument [Line Items]
Debt instrument, outstanding	500,000	500,000
5 1/2% Senior Subordinated Notes, Due 2020
Debt Instrument [Line Items]
Debt instrument, outstanding	550,000	550,000
7 3/4% Senior Subordinated Notes, Due 2018
Debt Instrument [Line Items]
Debt instrument, outstanding		$ 1,600,000

- Definition

Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References+ Details

Debt - Additional Information (Detail) (USD $)	0 Months Ended			12 Months Ended				0 Months Ended		0 Months Ended		0 Months Ended		0 Months Ended				0 Months Ended			0 Months Ended				0 Months Ended		12 Months Ended				0 Months Ended		0 Months Ended		0 Months Ended		0 Months Ended		0 Months Ended				0 Months Ended
Debt - Additional Information (Detail) (USD $)	Jul. 24, 2014	Jun. 04, 2014	Jul. 16, 2013	Sep. 30, 2014	Sep. 30, 2013	Jul. 24, 2014 Derivative	Jul. 16, 2013 Derivative	Jun. 04, 2014 Tranche B	Jun. 04, 2014 Tranche B	Jun. 04, 2014 Tranche C	Jun. 04, 2014 Tranche C	Jun. 04, 2014 Tranche D	Jun. 04, 2014 Tranche D	Jun. 04, 2014 Additional Payment	Dec. 28, 2013 Asset-backed Securities	Sep. 30, 2014 Asset-backed Securities	Dec. 28, 2013 Asset-backed Securities	Jun. 04, 2014 Second Amended and Restated Credit Agreement	Sep. 30, 2014 Second Amended and Restated Credit Agreement	Jun. 04, 2014 Second Amended and Restated Credit Agreement	Jun. 04, 2014 Second Amended and Restated Credit Agreement Maximum	Jun. 04, 2014 Second Amended and Restated Credit Agreement Tranche D	Jun. 04, 2014 Second Amended and Restated Credit Agreement Tranche D	Jun. 04, 2014 Second Amended and Restated Credit Agreement Multicurrency borrowing sublimit	Jul. 24, 2014 2014 Credit Facility	Jun. 04, 2014 2014 Credit Facility	Sep. 30, 2014 2014 Credit Facility Derivative	Jul. 24, 2014 2014 Credit Facility	Sep. 30, 2014 2014 Credit Facility Tranche B	Sep. 30, 2014 2014 Credit Facility Tranche C	Jun. 04, 2014 Senior Subordinated Notes	Jun. 04, 2014 Senior Subordinated Notes	Jun. 04, 2014 6.00% Senior Subordinated Notes, Due 2022	Jun. 04, 2014 6.00% Senior Subordinated Notes, Due 2022	Jun. 04, 2014 6 1/2% Senior Subordinated Notes, Due 2024	Jun. 04, 2014 6 1/2% Senior Subordinated Notes, Due 2024	Oct. 15, 2012 5 1/2% Senior Subordinated Notes, Due 2020	Oct. 15, 2012 5 1/2% Senior Subordinated Notes, Due 2020	Jul. 01, 2013 7 1/2% Senior Subordinated Notes, Due 2021	Jul. 01, 2013 7 1/2% Senior Subordinated Notes, Due 2021	Jun. 30, 2014 7 3/4% Senior Subordinated Notes, Due 2018	May 09, 2014 7 3/4% Senior Subordinated Notes, Due 2018	Jun. 04, 2014 TransDigm's Foreign Subsidiaries
Debt Instrument [Line Items]
Maximum borrowing capacity																	$ 225,000,000			$ 420,000,000				$ 100,000,000
Line of Credit facility expiration date															Aug. 07, 2015			Feb. 28, 2018
Debt instrument extensions period															1 year
Trade receivable securitization facility				200,000,000												200,000,000
Debt instrument interest rate stated percentage																																		6.00%		6.50%		5.50%		7.50%		7.75%
Debt repurchase aggregate amount																																									1,700,000,000
REFINANCING COSTS				131,622,000	30,281,000
Redemption premium of the 2018 Notes included in refinancing costs				121,100,000
Write-off of debt issuance costs				10,500,000
Total special dividends																					1,700,000,000
Common stock par value				$ 0.01	$ 0.01														$ 0.01
Debt instrument, face amount				7,273,131,000					500,000,000		2,600,000,000		825,000,000										825,000,000									2,350,000,000		1,150,000,000		1,200,000,000		550,000,000		500,000,000
Debt instrument, maturity date								Feb. 14, 2017		Feb. 28, 2020		Jun. 04, 2021										Jun. 04, 2021											Jul. 15, 2022		Jul. 15, 2024		Oct. 15, 2020		Jul. 15, 2021
Quarterly principal payments		7,800,000												2,100,000
Quarterly principal payments, beginning date		Mar. 28, 2013												Sep. 30, 2014
Letter of credit outstanding				6,800,000
Borrowings available under credit facility				413,200,000
Additional loan amount																										1,000,000,000
Percentage of voting capital stock																																											65.00%
Floor basis spread on LIBO rate																											0.75%
Applicable interest rate on term loan																													3.50%	3.75%
Term loan mandatory principal prepayment commencement period from fiscal year (days)																											90 days
Percentage of principal amount of term loan to be prepaid																											100.00%
Prepayment premium																											1.00%
Interest rate swap, notional amount						$ 750,000,000	$ 1,000,000,000																				$ 353,000,000	$ 750,000,000
Number of forward stating interest rate swap agreement						5	3																				3
Fixed rate of interest under interest rate swap						5.80%	5.40%																				5.17%	5.80%
Interest rate swap agreements description	2.8% plus the 3% margin percentage		2.4% plus the 3% margin percentage																						2.8% plus the 3% margin percentage		2.17% plus the 3% margin percentage
Percentage of principal amount of debt on issue price																															100.00%						100.00%		100.00%
Frequency of interest repayment																																	semiannually in arrears on January 15 and July 15 of each year, commencing on January 15, 2015.		semiannually in arrears on January 15 and July 15 of each year, commencing on January 15, 2015.		Semiannually on April 15 and October 15 of each year		Semiannually on January 15 and July 15 of each year, commencing on January 15, 2014

Future Maturities of Long- Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014
Long Term Debt Maturities Repayments Of Principal [Line Items]
Year ended September 30, 2015	$ 39,295
Year ended September 30, 2016	39,295
Year ended September 30, 2017	515,545
Year ended September 30, 2018	34,295
Year ended September 30, 2019	34,295
Thereafter	6,610,406
Total	$ 7,273,131

Retirement Plans - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, cost recognized	$ 8.7	$ 6.6	$ 4.9
Non-contributory defined benefit pension plans, qualified	The Company maintains certain qualified, non-contributory defined benefit pension plans, which together cover certain union employees.
Defined benefit plan, assets	69.5	62.7
Defined benefit plan, accumulated benefit obligation	77.6	66.6
Net period pension, cost recognized	0.5	0.8	0.6
Qualified Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan, liabilities	8.1	3.9
Non-qualified
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan, liabilities	9.0	8.5
Defined benefit plan, net periodic pension cost	$ 0.4	$ 0.4	$ 0.4

- Definition

This represents the entire liability recognized in the balance sheet that is associated with the defined benefit pension plans.

+ References+ Details

- Definition

The amount of pension and other (such as medical, dental and life insurance) postretirement benefit costs recognized during the period for (1) defined benefit plans (periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss) on assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments) and for (2) defined contribution plans (to the extent that a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net cost for a period is the contribution called for in that period; if a plan calls for contributions for periods after an individual retires or terminates, the estimated cost is accrued during the employee's service period).

+ References+ Details

Income Tax Provision on Income Before Income Taxes (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Current
Federal	$ 138,596	$ 133,438	$ 122,884
State	7,807	8,933	12,855
Foreign	4,613	5,943	2,361
Total Current	151,016	148,314	138,100
Deferred	(9,416)	(2,614)	24,800
Income tax provision	$ 141,600	$ 145,700	$ 162,900

- Definition

Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

- Definition

Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations.

+ References+ Details

- Definition

Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations.

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- Definition

Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

Differences between Income Tax Provision on Income Before Income Taxes at Federal Statutory Income Tax Rate and Tax Provision shown in Accompanying Consolidated Statements of Income (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Schedule Of Effective Tax Rates Line Items
Tax at statutory rate of 35%	$ 156,979	$ 156,970	$ 170,754
State and local income taxes, net of federal benefit	5,658	4,858	5,221
Domestic manufacturing deduction	(13,980)	(14,388)	(9,126)
Other-net	(7,057)	(1,740)	(3,949)
Income tax provision	$ 141,600	$ 145,700	$ 162,900

Components of Deferred Taxes (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Schedule of Deferred Income Tax Assets and Liabilities [Line Items]
Employee benefits, compensation and other accrued obligations	$ 60,457	$ 48,932
Inventory	19,610	18,912
Net operating losses	16,345	14,916
Tax credits	11,343	13,687
Interest rate swaps	9,258	5,384
Environmental	8,380	9,582
Product warranties	5,046	3,826
Other	2,364
Total	132,803	115,239
Less: Valuation allowance	(24,267)	(26,125)
Total deferred tax assets	108,536	89,114
Intangible assets	444,059	408,755
Property, plant and equipment	19,348	23,373
Unremitted foreign earnings	4,918	5,069
Other	4,789	6,036
Total deferred tax liabilities	473,114	443,233
Total net deferred tax liabilities	$ 364,578	$ 354,119

Income Taxes - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Income Tax Contingency [Line Items]
Deferred tax asset foreign tax credit carryforward	$ 9.3
Foreign tax credit carryforwards expiration, years	2018 to 2022
State tax credit carryforward	3.1
State tax credit carryforward expiration period	2023 to 2029
Foreign undistributed net earnings for which no deferred taxes have been provided	38.1
Effect of unrecognized tax benefits on effective tax rate	13.5	5.7
Accrual for income tax penalties and interest	2.9	0.9
Earliest Tax Year
Income Tax Contingency [Line Items]
Tax year under examination	2012
Latest Tax Year
Income Tax Contingency [Line Items]
Tax year under examination	2013
Minimum
Income Tax Contingency [Line Items]
Net tax loss carryforwards, expiration years	2015
Maximum
Income Tax Contingency [Line Items]
Net tax loss carryforwards, expiration years	2032
Federal and United Kingdom
Income Tax Contingency [Line Items]
Net tax loss carryforwards	25.5
State
Income Tax Contingency [Line Items]
Net tax loss carryforwards	$ 254.0

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Schedule of Unrecognized Tax Benefits [Line Items]
Balance at beginning of period	$ 6,129	$ 6,932
Additions based on tax positions related to the prior year	990	151
Additions based on tax positions related to the current year	886
Lapse in statute of limitations	(1,139)	(1,171)
Acquisitions	7,085	217
Balance at end of period	$ 13,951	$ 6,129

Capital Stock - Additional Information (Detail) (USD $)	12 Months Ended
Capital Stock - Additional Information (Detail) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Oct. 29, 2013
Shareholders Equity [Line Items]
Common stock, shares authorized	224,400,000	224,400,000
Common stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	149,600,000	149,600,000
Preferred stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	53,832,246	53,172,551
Preferred stock, shares outstanding	0	0
Stock repurchase program, authorized amount				$ 200,000,000
Shares repurchased under the program	909,700	0
Value of common stock repurchased	$ 159,852,000		$ 846,000
Weighted average price per share	$ 175.68

EBITDA Defined by Segment to Consolidated Income Before Taxes Operations (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Segment Reporting, Reconciliation of Operating Income Segment to Consolidated [Line Items]
Earnings before interest taxes depreciation and amortization	$ 1,073,207	$ 900,278	$ 809,019
Depreciation and amortization	96,385	73,515	68,227
INTEREST EXPENSE-Net	347,688	270,685	211,906
Acquisition-related costs	20,541	26,433	18,866
Stock compensation expense	26,332	48,884	22,151
Other nonrecurring charges	2,129	1,991
REFINANCING COSTS	131,622	30,281
INCOME BEFORE INCOME TAXES	448,510	448,489	487,869
Operating Segments
Segment Reporting, Reconciliation of Operating Income Segment to Consolidated [Line Items]
Earnings before interest taxes depreciation and amortization	1,098,226	923,663	836,440
Operating Segments \| Power & Control
Segment Reporting, Reconciliation of Operating Income Segment to Consolidated [Line Items]
Earnings before interest taxes depreciation and amortization	550,735	455,950	410,259
Depreciation and amortization	38,251	27,586	21,565
Operating Segments \| Airframe
Segment Reporting, Reconciliation of Operating Income Segment to Consolidated [Line Items]
Earnings before interest taxes depreciation and amortization	529,012	444,066	402,048
Depreciation and amortization	52,461	42,960	44,128
Operating Segments \| Non-aviation
Segment Reporting, Reconciliation of Operating Income Segment to Consolidated [Line Items]
Earnings before interest taxes depreciation and amortization	18,479	23,647	24,133
Depreciation and amortization	4,579	2,614	2,393
Corporate, Non-Segment
Segment Reporting, Reconciliation of Operating Income Segment to Consolidated [Line Items]
Unallocated corporate expenses	25,019	23,385	27,421
Depreciation and amortization	$ 1,094	$ 355	$ 141

Capital Expenditures and Depreciation and Amortization by Segment (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Segment Depreciation and Amortization [Line Items]
Capital expenditures	$ 34,146	$ 35,535	$ 25,246
Depreciation and amortization	96,385	73,515	68,227
Operating Segments \| Power & Control
Segment Depreciation and Amortization [Line Items]
Capital expenditures	11,645	13,149	9,436
Depreciation and amortization	38,251	27,586	21,565
Operating Segments \| Airframe
Segment Depreciation and Amortization [Line Items]
Capital expenditures	19,333	19,121	13,730
Depreciation and amortization	52,461	42,960	44,128
Operating Segments \| Non-aviation
Segment Depreciation and Amortization [Line Items]
Capital expenditures	3,097	2,773	1,920
Depreciation and amortization	4,579	2,614	2,393
Corporate, Non-Segment
Segment Depreciation and Amortization [Line Items]
Capital expenditures	71	492	160
Depreciation and amortization	$ 1,094	$ 355	$ 141

Total Assets by Segment (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Total Assets By Segment [Line Items]
Total assets	$ 6,756,848	$ 6,148,879
Operating Segments \| Power & Control
Total Assets By Segment [Line Items]
Total assets	2,432,898	2,398,469
Operating Segments \| Airframe
Total Assets By Segment [Line Items]
Total assets	3,263,926	2,958,974
Operating Segments \| Non-aviation
Total Assets By Segment [Line Items]
Total assets	132,988	132,672
Corporate, Non-Segment
Total Assets By Segment [Line Items]
Total assets	$ 927,036	$ 658,764

Stock-Based Compensation - Additional Information (Detail) (USD $)	9 Months Ended	12 Months Ended								12 Months Ended				12 Months Ended		1 Months Ended		12 Months Ended
	Jun. 29, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2014 Options granted prior to October 1, 2011	Sep. 30, 2011 Options granted prior to October 1, 2011	Sep. 30, 2014 Options granted in fiscal 2012	Sep. 30, 2011 Options granted in fiscal 2012	Sep. 30, 2014 2014 Stock Option Plan	Sep. 30, 2014 2006 Stock Incentive Plan	Sep. 30, 2014 2003 Stock Option Plan	Sep. 30, 2013 2003 Stock Option Plan	Sep. 30, 2012 2003 Stock Option Plan	Sep. 30, 2014 2003 Stock Option Plan Employee Service	Sep. 30, 2014 2003 Stock Option Plan Other Than Employee Service	Jul. 31, 2013 Cash Dividends	Nov. 30, 2012 Cash Dividends	Sep. 30, 2014 Vested Options	Sep. 30, 2013 Vested Options	Sep. 30, 2012 Vested Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash stock compensation expense		$ 26,300,000	$ 48,900,000	$ 22,200,000
Stock based compensation expenses	24,500,000	6,400,000
Unvested options granted	2,409,420
Weighted-average exercise price per option	$ 58.35
Fair value of options granted		$ 57.53	$ 45.53	$ 43.23
Unrecognized compensation cost related to non-vested awards expected to vest		33,100,000
Non-vested awards expected to vest weighted-average period		2 years
Fair value of options vested		23,600,000	63,900,000	11,400,000
Issuance of common stock									5,000,000	8,119,668		9,339,453
Restricted stock grant period in years		2 years								3 years	4 years
Threshold price minimum for accelerated vesting					$ 147.15	$ 160.00	$ 135.15	$ 170.00
Special cash dividend paid per share		$ 25.00	$ 34.85													$ 22.00	$ 12.85
Number of trading days		60 days
Share issued during period										332
Weighted average grant date fair value, share issued										$ 179.53
Shares available for award										1,687,222	3,870,152
Stock split, terms											TD Group (after giving effect to the 149.60 for 1.00 stock split effected on March 14, 2006)
Additional stock option granted											5,469,301
Percentage of vesting														20.00%	80.00%
Stock option, expiry period											10 years
Total intrinsic value											88,700,000	120,800,000	137,500,000
Cash dividend and dividend equivalents paid		$ 17,805,000	$ 45,579,000															$ 126,600,000	$ 171,200,000	$ 3,300,000

Weighted Average Assumptions used to Estimate Fair Value of all Options at Grant Date using Black-Scholes-Merton Option-Pricing Model (Detail)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Schedule of Weighted Average Assumptions for Fair Values of Stock Options[Line Items]
Risk-free interest rate, minimum	1.71%	0.84%	1.10%
Risk-free interest rate, maximum	2.03%	1.00%	1.50%
Expected life of options	6 years	6 years	6 years
Expected dividend yield of stock
Expected volatility of stock	35.00%	35.00%	40.00%

Summary of Activity, Pricing and Other Information for Performance Vested Stock-Based Award Activity (Detail) (USD $)		12 Months Ended					12 Months Ended
	Jun. 29, 2013	Sep. 30, 2014 2006 Stock Incentive Plan	Sep. 30, 2014 2006 Stock Incentive Plan Performance Vested Stock Options	Sep. 30, 2014 2003 Stock Option Plan	Sep. 30, 2013 2003 Stock Option Plan	Sep. 30, 2012 2003 Stock Option Plan	Sep. 30, 2014 2003 Stock Option Plan Performance Vested Stock Options
Number of Options
Number of Options, Outstanding, beginning of period			5,147,806				437,009
Number of Options, Granted		1,687,222	702,171	3,870,152
Number of Options, Exercised			(433,398)				(152,741)
Number of Options, Forfeited			(88,475)
Number of Options, Expired
Number of Options, Outstanding, end of period			5,328,104				284,268
Number of Options, Expected to vest			862,591
Number of Options Exercisable at end of period			3,929,084				206,439
Weighted average exercise price per option
Weighted-Average Exercise Price Per Option, Outstanding, beginning of period	$ 58.35		$ 70.66				$ 37.69
Weighted-Average Exercise Price Per Option, Granted			$ 156.22
Weighted-Average Exercise Price Per Option, Exercised			$ 52.71				$ 17.60
Weighted-Average Exercise Price Per Option, Forfeited			$ 144.12
Weighted-Average Exercise Price Per Option, Expired
Weighted-Average Exercise Price Per Option, Outstanding, end of period	$ 58.35		$ 82.18				$ 48.48
Weighted-Average Exercise Price Per Option, Expected to vest			$ 119.40
Weighted-Average Exercise Price Per Option, Exercisable			$ 61.38				$ 17.71
Weighted average remaining contractual term
Weighted-Average Remaining Contractual Term, Outstanding, years			6 years 3 months 18 days				3 years 2 months 12 days
Weighted-Average Remaining Contractual Term, Expected to vest, years			8 years 6 months
Weighted-Average Remaining Contractual Term, Exercisable, years			5 years 4 months 24 days				1 year 3 months 18 days
Aggregate intrinsic value
Aggregate Intrinsic Value, Outstanding			$ 544,265,824				$ 38,617,808
Aggregate Intrinsic Value, Expected to vest			56,003,788
Aggregate Intrinsic Value, Exercisable			$ 483,080,878	$ 88,700,000	$ 120,800,000	$ 137,500,000	$ 34,396,866

Summary of Activity, Pricing and Other Information for Time Vested Stock Based Award Activity (Detail) (USD $)		12 Months Ended			12 Months Ended
	Jun. 29, 2013	Sep. 30, 2014 2003 Stock Option Plan	Sep. 30, 2013 2003 Stock Option Plan	Sep. 30, 2012 2003 Stock Option Plan	Sep. 30, 2014 2003 Stock Option Plan Time Vested Stock Options
Number of shares
Number of Options, Outstanding, beginning of period					113,467
Number of Options, Granted		3,870,152
Number of Options, Exercised					(73,224)
Number of Options, Forfeited
Number of Options, Outstanding, end of period					40,243
Number of Options Exercisable at end of period					40,243
Weighted average exercise price per option
Weighted-Average Exercise Price Per Option, Outstanding, beginning of period	$ 58.35				$ 20.62
Weighted-Average Exercise Price Per Option, Granted
Weighted-Average Exercise Price Per Option, Exercised					$ 16.44
Weighted-Average Exercise Price Per Option, Forfeited
Weighted-Average Exercise Price Per Option, Outstanding, end of period	$ 58.35				$ 28.24
Weighted-Average Exercise Price Per Option, Exercisable					$ 28.24
Weighted average remaining contractual term
Weighted-Average Remaining Contractual Term, Outstanding, years					2 years 1 month 6 days
Weighted-Average Remaining Contractual Term, Exercisable, years					2 years 1 month 6 days
Aggregate intrinsic value
Aggregate Intrinsic Value, Outstanding					$ 6,281,530
Aggregate Intrinsic Value, Exercisable		$ 88,700,000	$ 120,800,000	$ 137,500,000	$ 6,281,530

leases - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Lease and Rental Expense [Line Items]
Expiry date of manufacturing facility leases	Jan. 31, 2051
Annual rental expense	$ 12.1	$ 9.2	$ 7.9
Future minimum rental commitments in fiscal 2015	11.5
Future minimum rental commitments in fiscal 2016	10.4
Future minimum rental commitments in fiscal 2017	8.3
Future minimum rental commitments in fiscal 2018	6.7
Future minimum rental commitments in fiscal 2019	5.2
Future minimum rental commitments, due thereafter	$ 19.5

Carrying Amounts and Fair Values of Financial Instruments (Detail) (USD $)
In Thousands, unless otherwise specified

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Cash and cash equivalents, Assets, Carrying Amount

$ 819,548

$ 564,740

$ 440,524

$ 376,183

Short-term borrowings - trade receivable securitization facility, Carrying Amount

200,000

Accrued Liabilities

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Interest rate swap agreements, Liabilities, Carrying Amount

20,070

^[1]

6,950

^[1]

Other Non-Current Liabilities

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Interest rate swap agreements, Liabilities, Carrying Amount

4,650

^[2]

7,550

^[2]

Term Loans

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-term debt, Carrying Amount

3,873,131

3,081,238

7 3/4% Senior Subordinated Notes, Due 2018

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-term debt, Carrying Amount

1,600,000

5 1/2% Senior Subordinated Notes, Due 2020

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-term debt, Carrying Amount

550,000

7 1/2% Senior Subordinated Notes, Due 2021

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-term debt, Carrying Amount

500,000

6.00% Senior Subordinated Notes, Due 2022

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-term debt, Carrying Amount

1,150,000

6 1/2% Senior Subordinated Notes, Due 2024

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-term debt, Carrying Amount

1,200,000

Level 1

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Cash and cash equivalents, Assets, Fair Value

819,548

564,740

Short-term borrowings - trade receivable securitization facility, Fair Value

200,000

Level 1 | 7 3/4% Senior Subordinated Notes, Due 2018

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-term debt, Fair Value

1,708,000

Level 1 | 5 1/2% Senior Subordinated Notes, Due 2020

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-term debt, Fair Value

529,000

540,000

Level 1 | 7 1/2% Senior Subordinated Notes, Due 2021

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-term debt, Fair Value

531,000

536,000

Level 1 | 6.00% Senior Subordinated Notes, Due 2022

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-term debt, Fair Value

1,121,000

Level 1 | 6 1/2% Senior Subordinated Notes, Due 2024

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-term debt, Fair Value

1,182,000

Level 2 | Accrued Liabilities

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Interest rate swap agreements, Liabilities, Fair Value

20,070

^[1]

6,950

^[1]

Level 2 | Other Non-Current Liabilities

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Interest rate swap agreements, Liabilities, Fair Value

4,650

^[2]

7,550

^[2]

Level 2 | Term Loans

Carrying Amounts and Fair Values of Financial Instruments [Line Items]

Long-term debt, Fair Value

$ 3,821,000

$ 3,065,000

[1]	Included in Accrued liabilities on the Condensed Consolidated Balance Sheet.
[2]	Included in Other non-current liabilities on the Condensed Consolidated Balance Sheet.

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References+ Details

Derivatives and Hedging Activities - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	0 Months Ended		12 Months Ended
	Jul. 24, 2014	Jul. 16, 2013	Sep. 30, 2014	Jul. 24, 2014	Jul. 16, 2013
Derivative [Line Items]
Interest rate swap, notional amount				$ 750	$ 1,000
Fixed rate of interest under interest rate swap				5.80%	5.40%
Interest rate swap agreements description	2.8% plus the 3% margin percentage	2.4% plus the 3% margin percentage
Derivative loss to be recognized			20.1
2013 Credit Facility
Derivative [Line Items]
Interest rate swap, notional amount			353
Fixed rate of interest under interest rate swap			5.17%
Interest rate swap agreements description			2.17% plus the 3% margin percentage
2014 Credit Facility
Derivative [Line Items]
Interest rate swap, notional amount			353	750
Fixed rate of interest under interest rate swap			5.17%	5.80%
Interest rate swap agreements description	2.8% plus the 3% margin percentage		2.17% plus the 3% margin percentage
New Senior Secured Credit Facility
Derivative [Line Items]
Interest rate swap, notional amount			$ 1,000
Fixed rate of interest under interest rate swap			5.40%
Interest rate swap agreements description			2.4% plus the 3% margin percentage

Accumulated Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest rate swap agreements, net of taxes of $8.9 million for 2014 and $5.2 million for 2013	$ (15,888)	$ (9,722)
Cumulative foreign currency translation adjustments	(3,056)	4,597
Pension liability adjustments, net of taxes of $3.7 million for 2014 and $0.9 million for 2013	(6,227)	(1,391)
Total	$ (25,171)	$ (6,516)

- Definition

Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses.

+ References+ Details

- Definition

The total of net gain (loss), prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost.

+ References+ Details

- Definition

Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses.

+ References+ Details

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References+ Details

Quarterly Financial Data (Unaudited) (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified

3 Months Ended

12 Months Ended

Sep. 30, 2014

Jun. 28, 2014

Mar. 29, 2014

Dec. 28, 2013

Sep. 30, 2013

Jun. 29, 2013

Mar. 30, 2013

Dec. 29, 2012

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2012

Quarterly Financial Data [Line Items]

NET SALES

$ 2,372,906

$ 1,924,400

$ 1,700,208

GROSS PROFIT

1,267,874

1,049,562

945,717

Net income

306,910

302,789

324,969

Net earnings (loss) per share - basic and diluted

$ 3.16

$ 2.39

$ 5.97

TransDigm Group

Quarterly Financial Data [Line Items]

NET SALES

642,241

610,582

590,761

529,322

539,737

488,636

465,609

430,418

GROSS PROFIT

348,628

327,528

307,582

284,136

282,719

268,986

259,310

238,547

Net income

$ 114,255

$ 16,177

$ 90,355

$ 86,123

$ 84,027

$ 76,655

$ 67,937

$ 74,170

$ 306,910

$ 302,789

$ 324,969

Net earnings (loss) per share - basic and diluted

$ 1.91

^[1]

$ (1.66)

^[1]

$ 1.49

^[1]

$ 1.44

^[1]

$ (0.20)

^[1]

$ 0.71

^[1]

$ 1.25

^[1]

$ 0.66

^[1]

[1]	The sum of the earnings per share for the four quarters in a year does not necessarily equal the total year earnings per share.

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References+ Details

Supplemental Condensed Consolidating Balance Sheet (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Supplemental Guarantor Information [Line Items]
Cash and cash equivalents	$ 819,548	$ 564,740	$ 440,524	$ 376,183
Trade accounts receivable-Net	351,307	290,449
Inventories-Net	459,074	413,581
Deferred income taxes	37,669	30,182
Prepaid expenses and other	21,978	21,543
Total current assets	1,689,576	1,320,495
PROPERTY, PLANT AND EQUIPMENT-Net	212,108	208,964
GOODWILL	3,525,077	3,343,907	3,035,502
TRADEMARKS AND TRADE NAMES	514,520	485,690
OTHER INTANGIBLE ASSETS-Net	702,633	703,800
DEBT ISSUE COSTS-Net	92,393	72,668
OTHER	20,541	13,355
TOTAL ASSETS	6,756,848	6,148,879
Current portion of long-term debt	39,295	31,045
Short-term borrowings-trade receivable securitization facility	200,000
Accounts payable	115,741	106,768
Accrued liabilities	230,871	184,687
Total current liabilities	585,907	322,500
Long-term debt	7,233,836	5,700,193
DEFERRED INCOME TAXES	402,247	384,301
OTHER NON-CURRENT LIABILITIES	90,957	78,266
Total liabilities	8,312,947	6,485,260
STOCKHOLDERS' EQUITY (DEFICIT)	(1,556,099)	(336,381)	1,218,834	810,949
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	6,756,848	6,148,879
TransDigm Group
Supplemental Guarantor Information [Line Items]
Cash and cash equivalents	2,088	1,313	20,100	5,695
Total current assets	2,088	1,313
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	(1,558,187)	(337,694)
TOTAL ASSETS	(1,556,099)	(336,381)
STOCKHOLDERS' EQUITY (DEFICIT)	(1,556,099)	(336,381)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	(1,556,099)	(336,381)
TransDigm Inc.
Supplemental Guarantor Information [Line Items]
Cash and cash equivalents	782,648	536,863	406,891	360,074
Trade accounts receivable-Net	(305)	16,332
Inventories-Net	32,287	26,353
Deferred income taxes	37,669	30,182
Prepaid expenses and other	2,040	7,533
Total current assets	854,339	617,263
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	5,327,465	5,206,201
PROPERTY, PLANT AND EQUIPMENT-Net	15,884	15,471
GOODWILL	64,461	67,245
TRADEMARKS AND TRADE NAMES	19,377	19,377
OTHER INTANGIBLE ASSETS-Net	20,689	22,130
DEBT ISSUE COSTS-Net	92,155	72,668
OTHER	7,845	2,633
TOTAL ASSETS	6,402,215	6,022,988
Current portion of long-term debt	39,295	31,045
Accounts payable	17,629	14,353
Accrued liabilities	106,631	80,313
Total current liabilities	163,555	125,711
Long-term debt	7,233,836	5,700,193
DEFERRED INCOME TAXES	402,538	384,301
OTHER NON-CURRENT LIABILITIES	42,470	32,474
Total liabilities	7,842,399	6,242,679
STOCKHOLDERS' EQUITY (DEFICIT)	(1,440,184)	(219,691)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	6,402,215	6,022,988
Subsidiary Guarantors
Supplemental Guarantor Information [Line Items]
Cash and cash equivalents	3,793	7,900	4,494	2,115
Trade accounts receivable-Net	1,711	251,272
Inventories-Net	382,016	359,518
Prepaid expenses and other	14,789	10,693
Total current assets	402,309	629,383
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	3,758,085	2,527,374
PROPERTY, PLANT AND EQUIPMENT-Net	167,257	178,193
GOODWILL	3,289,295	3,192,519
TRADEMARKS AND TRADE NAMES	449,706	434,066
OTHER INTANGIBLE ASSETS-Net	642,305	663,881
OTHER	11,754	10,520
TOTAL ASSETS	8,720,711	7,635,936
Accounts payable	85,328	82,661
Accrued liabilities	98,308	88,204
Total current liabilities	183,636	170,865
OTHER NON-CURRENT LIABILITIES	42,445	45,748
Total liabilities	226,081	216,613
STOCKHOLDERS' EQUITY (DEFICIT)	8,494,630	7,419,323
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	8,720,711	7,635,936
Non-Guarantor Subsidiaries
Supplemental Guarantor Information [Line Items]
Cash and cash equivalents	31,019	18,664	9,039	8,299
Trade accounts receivable-Net	351,881	24,567
Inventories-Net	45,471	28,633
Prepaid expenses and other	5,149	3,317
Total current assets	433,520	75,181
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	(59,788)	77,853
PROPERTY, PLANT AND EQUIPMENT-Net	28,967	15,300
GOODWILL	171,321	84,143
TRADEMARKS AND TRADE NAMES	45,437	32,247
OTHER INTANGIBLE ASSETS-Net	41,099	19,249
DEBT ISSUE COSTS-Net	238
OTHER	942	201
TOTAL ASSETS	661,736	304,174
Short-term borrowings-trade receivable securitization facility	200,000
Accounts payable	14,768	11,481
Accrued liabilities	25,932	16,170
Total current liabilities	240,700	27,651
DEFERRED INCOME TAXES	(291)
OTHER NON-CURRENT LIABILITIES	6,042	44
Total liabilities	246,451	27,695
STOCKHOLDERS' EQUITY (DEFICIT)	415,285	276,479
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	661,736	304,174
Eliminations
Supplemental Guarantor Information [Line Items]
Trade accounts receivable-Net	(1,980)	(1,722)
Inventories-Net	(700)	(923)
Total current assets	(2,680)	(2,645)
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	(7,467,575)	(7,473,734)
OTHER INTANGIBLE ASSETS-Net	(1,460)	(1,460)
OTHER		1
TOTAL ASSETS	(7,471,715)	(7,477,838)
Accounts payable	(1,984)	(1,727)
Total current liabilities	(1,984)	(1,727)
Total liabilities	(1,984)	(1,727)
STOCKHOLDERS' EQUITY (DEFICIT)	(7,469,731)	(7,476,111)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ (7,471,715)	$ (7,477,838)

Supplemental Condensed Consolidating Statement of Income and Comprehensive Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Sep. 30, 2014	Jun. 28, 2014	Mar. 29, 2014	Dec. 28, 2013	Sep. 30, 2013	Jun. 29, 2013	Mar. 30, 2013	Dec. 29, 2012	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Supplemental Guarantor Information [Line Items]
NET SALES									$ 2,372,906	$ 1,924,400	$ 1,700,208
COST OF SALES									1,105,032	874,838	754,491
GROSS PROFIT									1,267,874	1,049,562	945,717
SELLING AND ADMINISTRATIVE EXPENSES									276,446	254,468	201,709
AMORTIZATION OF INTANGIBLE ASSETS									63,608	45,639	44,233
INCOME (LOSS) FROM OPERATIONS									927,820	749,455	699,775
INTEREST EXPENSE-Net									347,688	270,685	211,906
REFINANCING COSTS									131,622	30,281
INCOME BEFORE INCOME TAXES									448,510	448,489	487,869
INCOME TAX PROVISION (BENEFIT)									141,600	145,700	162,900
Net income									306,910	302,789	324,969
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX									(18,655)	1,535	(4,774)
TOTAL COMPREHENSIVE INCOME (LOSS)									288,255	304,324	320,195
TransDigm Group
Supplemental Guarantor Information [Line Items]
NET SALES	642,241	610,582	590,761	529,322	539,737	488,636	465,609	430,418
GROSS PROFIT	348,628	327,528	307,582	284,136	282,719	268,986	259,310	238,547
EQUITY IN INCOME OF SUBSIDIARIES									(306,910)	(302,789)	(324,969)
INCOME BEFORE INCOME TAXES									306,910	302,789	324,969
Net income	114,255	16,177	90,355	86,123	84,027	76,655	67,937	74,170	306,910	302,789	324,969
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX									(18,655)	1,535	(4,774)
TOTAL COMPREHENSIVE INCOME (LOSS)									288,255	304,324	320,195
TransDigm Inc.
Supplemental Guarantor Information [Line Items]
NET SALES									125,389	110,608	103,694
COST OF SALES									74,312	66,524	64,394
GROSS PROFIT									51,077	44,084	39,300
SELLING AND ADMINISTRATIVE EXPENSES									65,272	88,286	61,214
AMORTIZATION OF INTANGIBLE ASSETS									1,388	624	624
INCOME (LOSS) FROM OPERATIONS									(15,583)	(44,826)	(22,538)
INTEREST EXPENSE-Net									349,289	267,385	208,384
REFINANCING COSTS									131,622	30,281
EQUITY IN INCOME OF SUBSIDIARIES									(639,539)	(505,199)	(465,683)
INCOME BEFORE INCOME TAXES									143,045	162,707	234,761
INCOME TAX PROVISION (BENEFIT)									(163,865)	(140,082)	(90,208)
Net income									306,910	302,789	324,969
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX									(3,951)	(4,515)	(3,067)
TOTAL COMPREHENSIVE INCOME (LOSS)									302,959	298,274	321,902
Subsidiary Guarantors
Supplemental Guarantor Information [Line Items]
NET SALES									2,051,541	1,699,742	1,508,067
COST OF SALES									895,041	732,812	622,056
GROSS PROFIT									1,156,500	966,930	886,011
SELLING AND ADMINISTRATIVE EXPENSES									176,516	147,620	125,261
AMORTIZATION OF INTANGIBLE ASSETS									55,730	43,265	41,937
INCOME (LOSS) FROM OPERATIONS									924,254	776,045	718,813
INTEREST EXPENSE-Net									(36)	2,028	2,268
INCOME BEFORE INCOME TAXES									924,290	774,017	716,545
INCOME TAX PROVISION (BENEFIT)									293,961	272,829	251,514
Net income									630,329	501,188	465,031
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX									(1,520)	950	204
TOTAL COMPREHENSIVE INCOME (LOSS)									628,809	502,138	465,235
Non-Guarantor Subsidiaries
Supplemental Guarantor Information [Line Items]
NET SALES									206,952	120,706	102,299
COST OF SALES									146,878	81,583	81,390
GROSS PROFIT									60,074	39,123	20,909
SELLING AND ADMINISTRATIVE EXPENSES									34,658	17,180	15,234
AMORTIZATION OF INTANGIBLE ASSETS									6,490	1,750	1,672
INCOME (LOSS) FROM OPERATIONS									18,926	20,193	4,003
INTEREST EXPENSE-Net									(1,565)	1,272	1,254
INCOME BEFORE INCOME TAXES									20,491	18,921	2,749
INCOME TAX PROVISION (BENEFIT)									11,504	12,953	1,594
Net income									8,987	5,968	1,155
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX									(13,184)	5,100	(1,911)
TOTAL COMPREHENSIVE INCOME (LOSS)									(4,197)	11,068	(756)
Eliminations
Supplemental Guarantor Information [Line Items]
NET SALES									(10,976)	(6,656)	(13,852)
COST OF SALES									(11,199)	(6,081)	(13,349)
GROSS PROFIT									223	(575)	(503)
SELLING AND ADMINISTRATIVE EXPENSES										1,382
INCOME (LOSS) FROM OPERATIONS									223	(1,957)	(503)
EQUITY IN INCOME OF SUBSIDIARIES									946,449	807,988	790,652
INCOME BEFORE INCOME TAXES									(946,226)	(809,945)	(791,155)
Net income									(946,226)	(809,945)	(791,155)
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX									18,655	(1,535)	4,774
TOTAL COMPREHENSIVE INCOME (LOSS)									$ (927,571)	$ (811,480)	$ (786,381)

Supplemental Condensed Consolidating Statement of Cash Flows (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Supplemental Guarantor Information [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$ 541,222	$ 470,205	$ 413,885
Capital expenditures	(34,146)	(35,535)	(25,246)
Acquisition of business, net of cash acquired	(311,872)	(483,257)	(868,696)
Cash proceeds from sale of real estate	16,380
Cash proceeds from sale of investment		16,350
Cash proceeds from sale of business			17,650
Net cash used in investing activities	(329,638)	(502,442)	(876,292)
Excess tax benefits related to share-based payment arrangements	51,709	66,201	50,555
Proceeds from exercise of stock options	26,738	21,534	15,710
Dividends paid	(1,451,391)	(1,991,350)	(3,299)
Treasury stock purchased	(159,852)		(846)
Proceeds from credit facility-net	805,360	3,211,374	484,316
Repayment on credit facility	(33,107)	(2,187,885)	(19,250)
Proceeds from senior subordinated notes-net	2,326,366	1,036,321
Repurchase of senior subordinated notes due 2018	(1,721,014)
Proceeds from trade receivable securitization facility-net	199,164
Net cash provided by (used in) financing activities	43,973	156,195	527,186
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(749)	258	(438)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	254,808	124,216	64,341
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	564,740	440,524	376,183
CASH AND CASH EQUIVALENTS, END OF PERIOD	819,548	564,740	440,524
Eliminations
Supplemental Guarantor Information [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	15,204	(8,593)	151
Intercompany activities	(15,204)	8,593	(151)
Net cash provided by (used in) financing activities	(15,204)	8,593	(151)
TransDigm Group
Supplemental Guarantor Information [Line Items]
Intercompany activities	1,533,571	1,884,828	(47,715)
Excess tax benefits related to share-based payment arrangements	51,709	66,201	50,555
Proceeds from exercise of stock options	26,738	21,534	15,710
Dividends paid	(1,451,391)	(1,991,350)	(3,299)
Treasury stock purchased	(159,852)		(846)
Net cash provided by (used in) financing activities	775	(18,787)	14,405
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	775	(18,787)	14,405
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,313	20,100	5,695
CASH AND CASH EQUIVALENTS, END OF PERIOD	2,088	1,313	20,100
TransDigm Inc.
Supplemental Guarantor Information [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(123,074)	(95,862)	(119,491)
Capital expenditures	(2,666)	(2,047)	(1,865)
Acquisition of business, net of cash acquired	(311,872)	(483,257)	(868,696)
Cash proceeds from sale of investment		16,350
Cash proceeds from sale of business			17,650
Net cash used in investing activities	(314,538)	(468,954)	(852,911)
Intercompany activities	(694,208)	(1,365,022)	554,153
Proceeds from credit facility-net	805,360	3,211,374	484,316
Repayment on credit facility	(33,107)	(2,187,885)	(19,250)
Proceeds from senior subordinated notes-net	2,326,366	1,036,321
Repurchase of senior subordinated notes due 2018	(1,721,014)
Net cash provided by (used in) financing activities	683,397	694,788	1,019,219
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	245,785	129,972	46,817
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	536,863	406,891	360,074
CASH AND CASH EQUIVALENTS, END OF PERIOD	782,648	536,863	406,891
Subsidiary Guarantors
Supplemental Guarantor Information [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	952,855	565,957	523,759
Capital expenditures	(28,927)	(29,727)	(22,259)
Cash proceeds from sale of real estate	16,380
Net cash used in investing activities	(12,547)	(29,727)	(22,259)
Intercompany activities	(944,415)	(532,824)	(499,121)
Net cash provided by (used in) financing activities	(944,415)	(532,824)	(499,121)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(4,107)	3,406	2,379
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	7,900	4,494	2,115
CASH AND CASH EQUIVALENTS, END OF PERIOD	3,793	7,900	4,494
Non-Guarantor Subsidiaries
Supplemental Guarantor Information [Line Items]
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(303,763)	8,703	9,466
Capital expenditures	(2,553)	(3,761)	(1,122)
Net cash used in investing activities	(2,553)	(3,761)	(1,122)
Intercompany activities	120,256	4,425	(7,166)
Proceeds from trade receivable securitization facility-net	199,164
Net cash provided by (used in) financing activities	319,420	4,425	(7,166)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(749)	258	(438)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	12,355	9,625	740
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	18,664	9,039	8,299
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 31,019	$ 18,664	$ 9,039

Valuation and Qualifying Accounts (Detail) (USD $)
In Thousands, unless otherwise specified

12 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2012

Allowance for Doubtful Accounts

Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at the Beginning of Period

$ 5,485

$ 4,960

$ 2,873

Charged to Cost Expenses

682

1,566

1,555

Acquisition

1,137

1,066

Deductions from Reserve

(2,157)

^[1]

(2,178)

^[1]

(534)

^[1]

Balance at the End of Period

4,091

5,485

4,960

Reserve for excess and obsolete inventory

Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at the Beginning of Period

45,369

36,081

25,623

Charged to Cost Expenses

16,027

14,159

11,839

Acquisition

148

4,933

Deductions from Reserve

(5,810)

^[1]

(5,019)

^[1]

(6,314)

^[1]

Balance at the End of Period

55,586

45,369

36,081

Valuation Allowance of Deferred Tax Assets

Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at the Beginning of Period

26,125

16,150

15,874

Charged to Cost Expenses

(4,494)

10,217

453

Acquisition

2,636

(242)

7,050

Deductions from Reserve

(7,227)

^[1]

Balance at the End of Period

$ 24,267

$ 26,125

$ 16,150

[1]	The amounts in this column represent charge-offs net of recoveries and the impact of foreign currency translation adjustments.

Environmental Liabilities - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Site Contingency [Line Items]
Environmental remediation obligations	$ 23.3	$ 27.2

Segment Information - Additional Information (Detail)	12 Months Ended
Segment Information - Additional Information (Detail)	Sep. 30, 2014 Segment
Segment Reporting Information [Line Items]
Number of reporting segments	3

Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest rate swap, tax	$ 8.9	$ 5.2
Unamortized pension benefits, tax	$ 3.7	$ 0.9

Description of The Business - Additional Information (Detail)	12 Months Ended
	Sep. 30, 2014
Nature Of Business [Line Items]
Percentage of ownership in subsidiary	100.00%
5 1/2% Senior Subordinated Notes, Due 2020
Nature Of Business [Line Items]
Interest rate of senior subordinated debt	5.50%
7 1/2% Senior Subordinated Notes, Due 2021
Nature Of Business [Line Items]
Interest rate of senior subordinated debt	7.50%
6.00% Senior Subordinated Notes, Due 2022
Nature Of Business [Line Items]
Interest rate of senior subordinated debt	6.00%
6 1/2% Senior Subordinated Notes, Due 2024
Nature Of Business [Line Items]
Interest rate of senior subordinated debt	6.50%

Debt (Parenthetical) (Detail)	12 Months Ended
Debt (Parenthetical) (Detail)	Sep. 30, 2014	Sep. 30, 2013
6 1/2% Senior Subordinated Notes, Due 2024
Debt Instrument [Line Items]
Senior subordinate note, due date	2024	2024
6.00% Senior Subordinated Notes, Due 2022
Debt Instrument [Line Items]
Senior subordinate note, due date	2022	2022
7 1/2% Senior Subordinated Notes, Due 2021
Debt Instrument [Line Items]
Senior subordinate note, due date	2021	2021
5 1/2% Senior Subordinated Notes, Due 2020
Debt Instrument [Line Items]
Senior subordinate note, due date	2020	2020
7 3/4% Senior Subordinated Notes, Due 2018
Debt Instrument [Line Items]
Senior subordinate note, due date	2018	2018