0001260221-20-000008 | 10-Q | XBRL Viewer

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Cover Page Cover Page - shares	3 Months Ended
Cover Page Cover Page - shares	Dec. 28, 2019	Jan. 26, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 28, 2019
Document Transition Report	false
Entity File Number	001-32833
Entity Registrant Name	TransDigm Group Incorporated
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-2101738
Entity Address, Address Line One	1301 East 9th Street,
Entity Address, Address Line Two	Suite 3000,
Entity Address, City or Town	Cleveland,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44114
City Area Code	216
Local Phone Number	706-2960
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	TDG
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		53,667,940
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001260221
Document Fiscal Year Focus	2020
Amendment Flag	false
Current Fiscal Year End Date	--09-30

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 28, 2019	Sep. 30, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 4,194	$ 1,467
Trade accounts receivable—Net	1,025	1,068
Inventories—Net	1,294	1,233
Assets held-for-sale	0	962
Prepaid expenses and other	139	135
Total current assets	6,652	4,865
PROPERTY, PLANT AND EQUIPMENT—NET	753	757
GOODWILL	7,846	7,820
OTHER INTANGIBLE ASSETS—NET	2,737	2,744
DEFERRED INCOME TAXES	13	0
OTHER	155	69
TOTAL ASSETS	18,156	16,255
CURRENT LIABILITIES:
Current portion of long-term debt	80	80
Short-term borrowings—trade receivable securitization facility	350	350
Accounts payable	265	276
Accrued liabilities	2,655	675
Liabilities held-for-sale	0	157
Total current liabilities	3,350	1,538
LONG-TERM DEBT	17,952	16,469
DEFERRED INCOME TAXES	448	441
OTHER NON-CURRENT LIABILITIES	705	691
Total liabilities	22,455	19,139
TD GROUP STOCKHOLDERS’ DEFICIT:
Common stock - $.01 par value; authorized 224,400,000 shares; issued 57,792,781 and 57,623,311 at December 28, 2019 and September 30, 2019, respectively	1	1
Additional paid-in capital	1,422	1,379
Accumulated deficit	(4,699)	(3,120)
Accumulated other comprehensive loss	(252)	(379)
Treasury stock, at cost; 4,161,326 shares at December 28, 2019 and September 30, 2019, respectively	(775)	(775)
Total TD Group stockholders’ deficit	(4,303)	(2,894)
NONCONTROLLING INTERESTS	4	10
Total stockholders' deficit	(4,299)	(2,884)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 18,156	$ 16,255

Condensed Consolidated Balance Sheets Parenthetical - $ / shares	Dec. 28, 2019	Sep. 30, 2019
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	224,400,000	224,400,000
Common Stock, Shares, Issued	57,792,781	57,623,311
Treasury Stock, Shares	4,161,326	4,161,326

Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
NET SALES	$ 1,465	$ 993
COST OF SALES	664	429
GROSS PROFIT	801	564
SELLING AND ADMINISTRATIVE EXPENSES	201	122
AMORTIZATION OF INTANGIBLE ASSETS	40	20
INCOME FROM OPERATIONS	560	422
INTEREST EXPENSE - NET	248	172
REFINANCING COSTS	22	0
OTHER INCOME	(3)	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	293	250
INCOME TAX PROVISION	59	54
INCOME FROM CONTINUING OPERATIONS	234	196
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	71	0
Net Income	305	196
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	(1)	0
NET INCOME ATTRIBUTABLE TO TD GROUP	304	196
NET INCOME APPLICABLE TO TD GROUP COMMON STOCKHOLDERS	$ 119	$ 172
Earnings per share attributable to TD Group common stockholders:
Earnings per share from continuing operations - basic and diluted	$ 0.83	$ 3.05
Earnings per share from discontinued operations - basic and diluted	1.24	0
Earnings per share	2.07	3.05
Cash dividends declared per common share	$ 32.50	$ 0
Weighted-average shares outstanding:
Basic and diluted	57.4	56.3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Net income	$ 305	$ 196
Less: Net income attributable to noncontrolling interests	(1)	0
NET INCOME ATTRIBUTABLE TO TD GROUP	304	196
Other comprehensive income (loss), net of tax:
Foreign currency translation	98	(11)
Unrealized gain (loss) on derivatives	23	(74)
Pensions and other postretirement benefits	6	0
Other comprehensive income (loss), net of tax, attributable to TD Group	127	(85)
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	$ 431	$ 111

- Definition

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

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

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+ Details

Condensed Consolidated Statement of Changes in Stockholders' Deficit - USD ($) $ in Millions	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Noncontrolling Interest
NONCONTROLLING INTERESTS							$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders' deficit	$ (1,808)
BALANCE (in shares) at Sep. 30, 2018		56,895,686
BALANCE (in shares) at Sep. 30, 2018						(4,161,326)
BALANCE at Sep. 30, 2018		$ 1	$ 1,209	$ (2,247)	$ 4	$ (775)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividend Equivalent Payments On Certain Stock Options	(3)			(3)
Cumulative Effect on Retained Earnings, Net of Tax \| ASC 606 and ASU 2016-06	3			3
Compensation expense recognized for employee stock options	16		16
Exercise of employee stock options		109,695
Exercise of employee stock options	14	$ 0	14
Net income attributable to TD Group	(196)			196
Foreign currency translation adjustments, net of tax	(11)				(11)
Unrealized (loss) gain on derivatives, net of tax	(74)				(74)
Pensions and other postretirement benefit adjustments, net of tax	0
BALANCE (in shares) at Dec. 29, 2018		57,005,381
BALANCE (in shares) at Dec. 29, 2018						(4,161,326)
BALANCE at Dec. 29, 2018		$ 1	1,239	(2,051)	(81)	$ (775)
NONCONTROLLING INTERESTS							0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders' deficit	(1,667)
NONCONTROLLING INTERESTS	10						10
Total stockholders' deficit	$ (2,884)
BALANCE (in shares) at Sep. 30, 2019	57,623,311	57,623,311
BALANCE (in shares) at Sep. 30, 2019	(4,161,326)					(4,161,326)
BALANCE at Sep. 30, 2019	$ (2,894)	$ 1	1,379	(3,120)	(379)	$ (775)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity of noncontrolling interested divested	(6)						(6)
Dividend Equivalent Payments On Certain Stock Options	(19)			(19)
Dividend Equivalent Declared On Certain Stock Options	(1,864)			(1,864)
Compensation expense recognized for employee stock options	23		23
Exercise of employee stock options		169,470
Exercise of employee stock options	20		20
Net income attributable to TD Group	(304)			304
Foreign currency translation adjustments, net of tax	98				98
Unrealized (loss) gain on derivatives, net of tax	23				23
Pensions and other postretirement benefit adjustments, net of tax	$ 6				6
BALANCE (in shares) at Dec. 28, 2019	57,792,781	57,792,781
BALANCE (in shares) at Dec. 28, 2019	(4,161,326)					(4,161,326)
BALANCE at Dec. 28, 2019	$ (4,303)	$ 1	$ 1,422	$ (4,699)	$ (252)	$ (775)
NONCONTROLLING INTERESTS	4						$ 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders' deficit	$ (4,299)

Condensed Consolidated Statement of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
OPERATING ACTIVITIES:
Net Income	$ 305	$ 196
Net income from discontinued operations	(71)	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	29	15
Amortization of intangible assets	40	20
Amortization of debt issuance costs, original issue discount and premium	8	6
Amortization of inventory step-up	0	4
Loss contracts amortization	(11)	(2)
Refinancing costs	22	0
Non-cash equity compensation	26	18
Deferred income taxes	(2)	0
Changes in assets/liabilities, net of effects from acquisitions of businesses:
Trade accounts receivable	51	45
Inventories	(69)	(29)
Income taxes receivable/payable	30	52
Other assets	(5)	(9)
Accounts payable	(14)	3
Accrued interest	88	21
Accrued and other liabilities	6	(10)
Net Cash Provided by (Used in) Operating Activities	433	330
INVESTING ACTIVITIES:
Capital expenditures	(27)	(24)
Payments made in connection with acquisitions, net of cash acquired	0	(29)
Proceeds in connection with the sale of discontinued operations, net	904	0
Net Cash Provided by (Used in) Investing Activities	877	(53)
FINANCING ACTIVITIES:
Proceeds from exercise of stock options	20	14
Dividend equivalent payments	(64)	(24)
Redemption of senior subordinated notes due 2022, net	(1,168)	0
Proceeds from 5.50% senior subordinated notes due 2027, net	2,625	0
Other, net	1	0
Net Cash Provided by (Used in) Financing Activities	1,414	(10)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	3	(3)
NET INCREASE IN CASH AND CASH EQUIVALENTS	2,727	264
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,467	2,073
CASH AND CASH EQUIVALENTS, END OF PERIOD	4,194	2,337
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest	155	154
Cash paid during the period for income taxes, net of refunds	$ 29	$ 2

DESCRIPTION OF THE BUSINESS	3 Months Ended
DESCRIPTION OF THE BUSINESS	Dec. 28, 2019
Accounting Policies [Abstract]
DESCRIPTION OF THE BUSINESS	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 every 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.” TransDigm's 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, databus and power controls, cockpit security components and systems, specialized cockpit displays, aircraft audio systems, specialized lavatory components, seat belts and safety restraints, engineered interior surfaces and related components, advanced sensor products, switches and relay panels, advanced displays, thermal protection and insulation, lighting and control technology, military personnel parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems.

UNAUDITED INTERIM FINANCIAL INFORMATION	3 Months Ended
UNAUDITED INTERIM FINANCIAL INFORMATION	Dec. 28, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
UNAUDITED INTERIM FINANCIAL INFOMRATION	UNAUDITED INTERIM FINANCIAL INFORMATION The financial information included herein is unaudited; however, the information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the Company’s financial position and results of operations and cash flows for the interim periods presented. These financial statements and notes should be read in conjunction with the financial statements and related notes for the year ended September 30, 2019 included in TD Group’s Form 10-K filed on November 19, 2019. As disclosed therein, the Company’s annual consolidated financial statements were prepared in conformity with generally accepted accounting principles in the United States (“US GAAP”). The September 30, 2019 condensed consolidated balance sheet was derived from TD Group’s audited financial statements. The results of operations for the thirteen week period ended December 28, 2019 are not necessarily indicative of the results to be expected for the full year. Certain prior year amounts have been reclassified to conform to the current year presentation.

ACQUISITIONS AND DIVESTITURES

3 Months Ended

Dec. 28, 2019

Business Combinations [Abstract]

ACQUISITIONS

ACQUISITIONS AND DIVESTITURES

During the fiscal year ended September 30, 2019, the Company completed the acquisitions of Esterline Technologies Corporation ("Esterline") and substantially all of the assets and technical data rights of the Stormscope product line from L3Harris Technologies, Inc. ("Stormscope") and NavCom Defense Electronics ("NavCom"). The Company accounted for the acquisitions using the acquisition method and included the results of operations of the acquisitions in its condensed consolidated financial statements from the effective date of each acquisition. As of December 28, 2019, the one year measurement period is open for Esterline and Stormscope; therefore, the assets acquired and liabilities assumed related to these acquisitions are subject to adjustment until the end of their respective one year measurement periods.

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 to 30 years.

Acquisitions

Esterline – On March 14, 2019, TransDigm completed the acquisition of all the outstanding stock of Esterline for $122.50 per share in cash, plus the payoff of Esterline debt. The purchase price, net of cash acquired of approximately $398.2 million, totaled approximately $3,923.9 million. Of the $3,923.9 million purchase price, $3,536.3 million was paid at closing and the remaining $387.6 million was classified as restricted cash for the redemption of the outstanding senior notes due 2023 (herein the "2023 Notes"). The 2023 Notes were redeemed on April 15, 2019. Esterline, through its subsidiaries, was an industry leader in specialized manufacturing for the aerospace and defense industry primarily within three core disciplines: advanced materials, avionics and controls and sensors and systems. The acquisition of Esterline expands TransDigm's platform of proprietary and sole source content for the aerospace and defense industry. TransDigm evaluated the strategic fit and description of each Esterline reporting unit to determine the appropriate business segment for the reporting unit. Each Esterline reporting unit is included in one of TransDigm's segments: Power and Control, Airframe, or Non-aviation. Refer to Note 13, "Segments," for additional information about the Company's segments.

The total purchase price of Esterline 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. Allocations are based on the acquisition method of accounting and in-process third-party valuation appraisals. Given the complexity of the Esterline acquisition, the allocation of the purchase price is preliminary and will be finalized by the end of the one year measurement period permissible under US GAAP.

Except where otherwise noted in the notes to the condensed consolidated financial statements, changes in balances and activity where comparable periods are presented in the condensed consolidated financial statements were generally driven by the Esterline acquisition.

The preliminary allocation of the fair value of the Esterline acquisition as of the acquisition date of March 14, 2019 is summarized in the table below (presented in millions).



Assets acquired:
Trade accounts receivable	$	387
Inventories	589
Prepaid expenses and other	422
Property, plant, and equipment	469
Other intangible assets	1,300
Goodwill	2,190
Other	22
Total assets acquired	5,379
Liabilities assumed:
Accounts payable	146
Accrued liabilities	715
Other non-current liabilities	594
Total liabilities assumed	1,455
Net assets acquired	$	3,924

The Company currently expects that of the approximately $2.2 billion of goodwill recognized for the acquisition, approximately $25.6 million will be deductible for tax purposes. Also, of the approximately $1.3 billion of other intangible assets recognized for the acquisition, the Company currently expects that approximately $48.9 million will be deductible for tax purposes.

In connection with the Esterline acquisition, we acquired existing long-term contracts with customers that were incurring gross margin losses as of the date of acquisition. Based on our review of these contracts, we concluded that the terms of certain contracts were unfavorable when compared to market terms as of the acquisition date. As a result, we recognized loss contract reserves as of the acquisition date of $268.4 million based on the present value of the difference between the contractual cash flows of the existing long-term contracts and the estimated cash flows had the contracts been executed at market terms as of the acquisition date. As of September 30, 2019, we reclassified $9.3 million in loss contract reserves to liabilities held-for-sale, as it pertained to Souriau-Sunbank. Significant assumptions used to determine the fair value of the loss contract reserves using the discounted cash flow model include discount rates, forecasted quantities of products to be sold under the long-term contracts and market prices for respective products. These significant assumptions are

forward looking and could be affected by future economic and market conditions. The loss contract reserves are amortized and recorded as an offset to cost of sales over the life of the contracts as actual sales occur under the long-term contracts. Approximately $9.1 million was amortized and recorded as an offset to cost of sales in the condensed consolidated statement of income for the thirteen week period ended December 28, 2019. Total loss contract reserves related to the Esterline acquisition are $222.5 million and $231.8 million at December 28, 2019 and September 30, 2019, respectively, of which $71.9 million and $60.0 million is classified in accrued liabilities and $150.6 million and $171.8 million is classified in other non-current liabilities in the condensed consolidated balance sheets at December 28, 2019 and September 30, 2019, respectively.

Extant Acquisitions – On August 30, 2019, the Company's Extant subsidiary completed the acquisition of substantially all of the assets and technical data rights of the Stormscope product line from L3Harris Technologies, Inc. for approximately $20 million in cash. Stormscope is a lightning detection system for the general aviation and business jet markets. Stormscope is included as a product line of Extant, which is included in TransDigm's Power and Control segment. The Company expects that approximately $11.1 million of goodwill recognized for the acquisition and approximately $7.5 million of other intangible assets recognized for the acquisition will be deductible for tax purposes over 15 years.

On October 1, 2018, the Company's Extant subsidiary completed the acquisition of substantially all of the assets and technical data rights from the Corona, California operations of NavCom for approximately $27 million in cash. NavCom develops, manufactures, and supports high-reliability, mission-critical electronics, avionics and sub-assemblies. NavCom is included as a product line of Extant, which is included in TransDigm's Power and Control segment. Approximately $9.0 million of goodwill recognized for the acquisition is deductible for tax purposes over 15 years.

Pro forma net sales and results of operations for the Extant acquisitions had they occurred at the beginning of the applicable thirteen week periods ended December 28, 2019 or December 29, 2018 are not material and, accordingly, are not provided.

Divestitures

Souriau-Sunbank – On December 20, 2019, TransDigm completed the divestiture of the Souriau-Sunbank Connection Technologies business (“Souriau-Sunbank”) with Eaton Corporation plc (“Eaton”) for approximately $920 million. Souriau-Sunbank was acquired by TransDigm as part of its acquisition of Esterline in March 2019.

Esterline Interface Technology Group – On September 20, 2019, TransDigm completed the divestiture of its Esterline Interface Technology (“EIT”) group of businesses to an affiliate of KPS Capital Partners, LP for approximately $190 million. EIT was acquired by TransDigm as part of its acquisition of Esterline in March 2019.

Refer to Note 18, "Discontinued Operations," for further information on the Company's divestitures.

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Dec. 28, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In February 2016, the FASB issued ASU 2016-02, “Leases (ASC 842),” which requires lessees to recognize a right-of-use asset and lease liability for all leases with a term of more than 12 months. ASU 2016-02 was effective for the Company on October 1, 2019, and required a modified retrospective application. In July 2018, the FASB issued ASU 2018-11, “Leases (ASC 842) Targeted Improvements,” which provided an additional transition method that allowed entities to initially apply the new standard at the adoption date and recognize a cumulative effect adjustment to the opening balance of retained earnings in the period of adoption without restating prior periods. The Company has completed the necessary changes to the consolidated financial statements and related disclosures, internal controls, financial policies and information systems. On October 1, 2019, the Company adopted ASC 842 and related amendments using the modified retrospective method. Results for reporting periods beginning after October 1, 2019, are presented under ASC 842, while prior period amounts continue to be reported under ASC 840, “Leases." The Company elected to apply the package of practical expedients permitted within the new standard, which among other things, allows the carry forward of historical lease classification of existing leases. Additionally, the adoption of the new standard resulted in the recording of lease assets and lease liabilities for operating leases of $99 million and $105 million, respectively, as of October 1, 2019. The effects of our transition to ASC 842 resulted in no cumulative adjustment to retained earnings in the period of adoption. The adoption of the standard did not have a material impact on our condensed consolidated statements of income or cash flows. Refer to Note 16, "Leases," for additional information. In June 2016, the FASB issued ASU 2016-13, "Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments (ASU 2016-13)," which changes the impairment model for most financial assets. The new model uses a forward-looking expected loss method, which will generally result in earlier recognition of allowances for losses. ASU 2016-13 is effective for the Company for annual and interim periods beginning after October 1, 2020 and early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on our consolidated financial statements and disclosures. In January 2017, the FASB issued ASU 2017-04, “Simplifying the Test for Goodwill Impairment,” to eliminate Step 2 from the goodwill impairment test in order to simplify the subsequent measurement of goodwill. The guidance is effective for the Company for fiscal years beginning after October 1, 2020, with early adoption permitted. The adoption of this standard is not expected to have a material impact on our consolidated financial statements and disclosures. In December 2019, the FASB issued ASU 2019-12, “Income Taxes (ASC 740) - Simplifying the Accounting for Income Taxes,” which simplifies the accounting for income taxes by removing certain exceptions to the general principles in ASC 740. The amendments also improve consistent application of and simplify US GAAP for other areas of ASC 740 by clarifying and amending existing guidance. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption of the amendments is permitted, including adoption in any interim period for which financial statements have not yet been issued. Depending on the amendment, adoption may be applied on the retrospective, modified retrospective or prospective basis. The Company is currently evaluating the impact of adopting this standard on our consolidated financial statements and disclosures.

REVENUE

3 Months Ended

Dec. 28, 2019

Revenue Recognition [Abstract]

Revenue from Contract with Customer [Text Block]

REVENUE RECOGNITION

TransDigm's sales are concentrated in the aerospace industry. The Company’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.

The majority of the Company's revenue is recorded at a point in time. Revenue is recognized from the sale of products when control transfers to the customer, which is demonstrated by our right to payment, a transfer of title, a transfer of the risk and rewards of ownership, or the customer acceptance, but most frequently upon shipment where the customer obtains physical possession of the goods.

In some contracts, the Company found that control transferred to the customer over time, primarily in contracts where the customer is required to pay for the cost of both the finished and unfinished goods at the time of cancellation plus a reasonable profit relative to the work performed for products that were customized for the customer. Therefore, we recognize revenue over time for those agreements that have a right to margin and where the products being produced have no alternative use.

Based on our production cycle, it is generally expected that goods related to the revenue will be shipped and billed within the current year. For revenue recognized over time, we estimate the amount of revenue attributable to a contract earned at a given point during the production cycle based on certain costs, such as materials and labor incurred to date, plus the expected profit, which is a cost-to-cost input method.

The Company’s payment terms vary by the type and location of the customer and the products or services offered. The Company does not offer any payment terms that would meet the requirements for consideration as a significant financing component.

Shipping and handling fees and costs incurred in connection with products sold are recorded in cost of sales in the condensed consolidated statements of income, and are not considered a performance obligation to our customers.

The Company pays sales commissions that relate to contracts for products or services that are satisfied at a point in time or over a period of one year or less and are expensed as incurred. These costs are reported as a component of selling and administrative expenses in the unaudited condensed consolidated statements of income.

Contract Assets and Liabilities - Contract assets reflect revenue recognized and performance obligations satisfied in advance of customer billing or reimbursable costs related to a specific contract. Contract liabilities relate to payments received in advance of the satisfaction of performance under the contract. We receive payments from customers based on the terms established in our contracts. The following table summarizes our contract assets and liabilities balances (in millions):



	December 28, 2019		September 30, 2019		Change
Contract assets, current ⁽¹⁾	$	43	$	44	$	(1	)
Contract assets, non-current ⁽²⁾	6		7		(1		)
Total contract assets	49		51		(2		)
Contract liabilities, current ⁽³⁾	18		18		—
Contract liabilities, non-current ⁽⁴⁾	16		13		3
Total contract liabilities	34		31		3
Net contract assets	$	15	$	20	$	(5	)


⁽¹⁾	Included in prepaid expenses and other on the condensed consolidated balance sheets.


⁽²⁾	Included in other non-current assets on the condensed consolidated balance sheets.


⁽³⁾	Included in accrued liabilities on the condensed consolidated balance sheets.


⁽⁴⁾	Included in other non-current liabilities on the condensed consolidated balance sheets.

For the thirteen week period ended December 28, 2019, the revenue recognized that was previously included in contract liabilities was not material.

Refer to Note 13, “Segments,” for disclosures related to the disaggregation of revenue.

EARNINGS PER SHARE (TWO-CLASS METHOD)

3 Months Ended

Dec. 28, 2019

Earnings Per Share [Abstract]

EARNINGS PER SHARE (TWO-CLASS METHOD)

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share data) using the two-class method:



	Thirteen Week Periods Ended
	December 28, 2019			December 29, 2018
Numerator for earnings per share:
Income from continuing operations	$	234		$	196
Less: Net income attributable to noncontrolling interests	(1		)	—
Net income from continuing operations attributable to TD Group	233			196
Less: Special dividends declared or paid on participating securities	(185		)	(24		)
	48			172
Income from discontinued operations, net of tax	71			—
Net income applicable to TD Group common stockholders - basic and diluted	$	119		$	172
Denominator for basic and diluted earnings per share under the two-class method:
Weighted-average common shares outstanding	53.6			52.8
Vested options deemed participating securities	3.8			3.5
Total shares for basic and diluted earnings per share	57.4			56.3

Earnings per share from continuing operations - basic and diluted	$	0.83		$	3.05
Earnings per share from discontinued operations - basic and diluted	1.24			—
Earnings per share	$	2.07		$	3.05

INVENTORIES

3 Months Ended

Dec. 28, 2019

Inventory Disclosure [Abstract]

INVENTORIES

Inventories are stated at the lower of cost or net realizable value. Cost of inventories is generally determined by the average cost and the first-in, first-out (FIFO) methods and includes material, labor and overhead related to the manufacturing process.

Inventories consist of the following (in millions):



	December 28, 2019			September 30, 2019
Raw materials and purchased component parts	$	858		$	805
Work-in-progress	373			360
Finished goods	197			192
Total	1,428			1,357
Reserves for excess and obsolete inventory	(134		)	(124		)
Inventories - Net	$	1,294		$	1,233

INTANGIBLE ASSETS

3 Months Ended

Dec. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

Other intangible assets - net in the condensed consolidated balance sheets consist of the following (in millions):



	December 28, 2019						September 30, 2019
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Trademarks and trade names	$	957	$	—	$	957	$	956	$	—	$	956
Technology	1,840		519		1,321		1,806		496		1,310
Order backlog	93		51		42		107		45		62
Customer relationships	443		35		408		438		30		408
Other	18		9		9		17		9		8
Total	$	3,351	$	614	$	2,737	$	3,324	$	580	$	2,744

The aggregate amortization expense on identifiable intangible assets for the thirteen week periods ended December 28, 2019 and December 29, 2018 was approximately $39.9 million and $20.0 million, respectively. The estimated amortization expense is $171.9 million for fiscal year 2020, $115.2 million for fiscal year 2021, and $114.7 million for each of the four succeeding fiscal years 2022 through 2025.

The following is a summary of changes in the carrying value of goodwill by segment from September 30, 2019 through December 28, 2019 (in millions):



	Power & Control			Airframe		Non- aviation			Total
Balance at September 30, 2019	$	4,121		$	3,598	$	101		$	7,820
Purchase price allocation adjustments	(106		)	106		(3		)	(3		)
Currency translation adjustment	12			16		1			29
Balance at December 28, 2019	$	4,027		$	3,720	$	99		$	7,846

DEBT

3 Months Ended

Dec. 28, 2019

Debt Disclosure [Abstract]

DEBT

The Company’s debt consists of the following (in millions):



	December 28, 2019
	Gross Amount		Debt Issuance Costs			Original Issue Discount or Premium			Net Amount
Short-term borrowings—trade receivable securitization facility	$	350	$	—		$	—		$	350
Term loans	$	7,524	$	(56	)	$	(16	)	$	7,452
6.50% senior subordinated notes due 2024 (2024 Notes)	1,200		(5		)	—			1,195
6.50% senior subordinated notes due 2025 (2025 Notes)	750		(3		)	3			750
6.375% senior subordinated notes due 2026 (6.375% 2026 Notes)	950		(7		)	—			943
6.875% senior subordinated notes due 2026 (6.875% 2026 Notes)	500		(5		)	(3		)	492
6.25% secured notes due 2026 (2026 Secured Notes)	4,000		(57		)	2			3,945
7.50% senior subordinated notes due 2027 (7.50% 2027 Notes)	550		(5		)	—			545
5.50% senior subordinated notes due 2027 (5.50% 2027 notes	2,650		(23		)	—			2,627
Government refundable advances	31		—			—			31
Finance lease obligations	52		—			—			52
	18,207		(161		)	(14		)	18,032
Less current portion	81		(1		)	—			80
Long-term debt	$	18,126	$	(160	)	$	(14	)	$	17,952



	September 30, 2019
	Gross Amount		Debt Issuance Costs			Original Issue Discount or Premium			Net Amount
Short-term borrowings—trade receivable securitization facility	$	350	$	—		$	—		$	350
Term loans	$	7,524	$	(58	)	$	(17	)	$	7,449
6.00% 2022 Notes	1,150		(4		)	—			1,146
6.50% 2024 Notes	1,200		(6		)	—			1,194
6.50% 2025 Notes	750		(3		)	3			750
6.375% 2026 Notes	950		(7		)	—			943
6.875% 2026 Notes	500		(6		)	(3		)	491
6.25% 2026 Secured Notes	4,000		(60		)	2			3,942
7.50% 2027 Notes	550		(5		)	—			545
Government refundable advances	39		—			—			39
Finance lease obligations	50		—			—			50
	16,713		(149		)	(15		)	16,549
Less current portion	81		(1		)	—			80
Long-term debt	$	16,632	$	(148	)	$	(15	)	$	16,469

Accrued interest, which is classified as a component of accrued liabilities, was $181.0 million and $92.6 million as of December 28, 2019 and September 30, 2019, respectively.

Issuance of Senior Subordinated Notes due 2027 – On October 29, 2019, the Company entered into a purchase agreement in connection with a private offering of $2,650 million in new 5.50% senior subordinated notes due 2027 (herein the "5.50% 2027 Notes"). The 5.50% 2027 Notes were issued pursuant to an indenture, dated as of November 13, 2019, among TransDigm, as issuer, TransDigm Group, TransDigm UK and the other subsidiaries of TransDigm named therein, as guarantors, and The Bank of New York Mellon Trust Company, N.A., as trustee.

The 5.50% 2027 Notes bear interest at the rate of 5.50% per annum, which accrues from November 13, 2019 and is payable in arrears on May 15th and November 15th of each year, commencing on May 15, 2020. The 5.50% 2027 Notes mature on November 15, 2027, unless earlier redeemed or repurchased, and are subject to the terms and conditions set forth in the indenture.

The Company capitalized $23.6 million and expensed $1.1 million of refinancing costs representing debt issuance costs associated with the 5.50% 2027 Notes during the thirteen week period ended December 28, 2019.

Repurchase of Senior Subordinated Notes due 2022 – On October 29, 2019, the Company announced a cash tender offer for any and all of its 2022 Notes outstanding. On November 26, 2019, the Company redeemed the principal amount of $1,150 million, plus accrued interest of approximately $25.5 million and early redemption premium of $17.3 million.

The Company wrote off $3.8 million in unamortized debt issuance costs during the thirteen week period ended December 28, 2019 in conjunction with the redemption of the 2022 Notes.

Government Refundable Advances - Government refundable advances consist of payments received from the Canadian government to assist in research and development related to commercial aviation. The requirement to repay this advance is solely based on year-over-year commercial aviation revenue growth at CMC Electronics, which is a subsidiary of TransDigm. These obligations were assumed in connection with the Esterline acquisition and the balance was $31.3 million at December 28, 2019 and $39.2 million at September 30, 2019. The decrease in the obligation is attributable to a purchase accounting adjustment recorded in the first quarter of fiscal 2020 as permissible within the one year measurement period related to the acquisition of Esterline.

Obligations under Finance Leases - The Company leases certain buildings and equipment under finance leases. These obligations were assumed in connection with the Esterline acquisition and the present value of the minimum capital lease payments, net of the current portion, represents a balance of $51.9 million at December 28, 2019 and $49.9 million at September 30, 2019. Refer to Note 16, "Leases," for further disclosure on the Company's finance lease obligations.

INCOME TAXES	3 Months Ended
INCOME TAXES	Dec. 28, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES At the end of each reporting period, TD Group makes an estimate of its annual effective income tax rate. The estimate used in the year-to-date period may change in subsequent periods. During the thirteen week periods ended December 28, 2019 and December 29, 2018, the effective income tax rate was 20.1% and 21.5%, respectively. The Company's lower effective tax rate for the thirteen week period ended December 28, 2019 was primarily due to a discrete benefit recognized for excess tax benefits for share-based payments during the thirteen week period ended December 28, 2019, partially offset by an increase in the valuation allowance associated with our net interest expense limitation under IRC Section 163(j). The Company's effective tax rate for the thirteen week period ended December 28, 2019 was lower than the Federal statutory rate of 21% primarily due to the discrete benefit recognized for excess tax benefits for share-based payments and the benefit associated with the deduction for foreign-derived intangible income (FDII), partially offset by the increase in the valuation allowance attributed to our net interest expense limitation under IRC Section 163(j), and our foreign earnings taxed at rates higher than the U.S. statutory rate. The Company’s effective tax rate for the thirteen week period ended December 29, 2018 was slightly higher than the Federal statutory tax rate primarily resulting from the valuation allowance associated with our net interest expense limitation under IRC Section 163(j), foreign earnings taxed at rates higher than the U.S. statutory rate, partially offset by the benefit associated with FDII. The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state, local and foreign jurisdictions. The Company is currently under examination for its federal income taxes in the U.S. for fiscal 2016, in Belgium for fiscal years 2016 through 2018, in Canada for fiscal years 2013 through 2015, in France for fiscal years 2015 through 2018, and in Germany for fiscal years 2014 through 2017. The Company is no longer subject to U.S. federal examinations for years before fiscal year 2015. The Company is subject to state income tax examinations for fiscal years 2009 and later. At December 28, 2019 and September 30, 2019, TD Group had $36.6 million and $36.5 million, respectively, in unrecognized tax benefits, the recognition of which would have an effect of approximately $31.9 million and $31.4 million on the effective tax rate at December 28, 2019 and September 30, 2019, respectively. The Company believes the tax positions that comprise the unrecognized tax benefits will be reduced by approximately $1.5 million over the next 12 months. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense.

FAIR VALUE MEASUREMENTS

3 Months Ended

Dec. 28, 2019

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

The following table presents 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 (in millions):



		December 28, 2019				September 30, 2019
	Level	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	1	$	4,194	$	4,194	$	1,467	$	1,467
Interest rate cap agreements ⁽¹⁾	2	1		1		1		1
Foreign currency forward exchange contracts and other ⁽²⁾	2	1		1		—		—
Liabilities:
Interest rate swap agreements ⁽³⁾	2	14		14		13		13
Interest rate swap agreements ⁽⁴⁾	2	169		169		202		202
Foreign currency forward exchange contracts and other ⁽³⁾	2	4		4		6		6
Short-term borrowings - trade receivable securitization facility ⁽⁵⁾	1	350		350		350		350
Long-term debt, including current portion:
Term loans ⁽⁵⁾	2	7,452		7,509		7,449		7,478
6.00% 2022 Notes ⁽⁵⁾	1	—		—		1,146		1,167
6.50% 2024 Notes ⁽⁵⁾	1	1,195		1,236		1,194		1,239
6.50% 2025 Notes ⁽⁵⁾	1	750		781		750		782
6.375% 2026 Notes ⁽⁵⁾	1	943		1,007		943		999
6.875% 2026 Notes ⁽⁵⁾	1	492		536		491		535
6.25% 2026 Notes ⁽⁵⁾	1	3,945		4,325		3,942		4,290
7.50% 2027 Notes ⁽⁵⁾	1	545		601		545		595
5.50% 2027 Notes ⁽⁵⁾	1	2,627		2,686		—		—
Government Refundable Advances	2	31		31		39		39
Finance Lease Obligations	2	52		52		50		50


⁽¹⁾	Included in other non-current assets on the condensed consolidated balance sheets.


⁽²⁾	Included in prepaid expenses and other on the condensed consolidated balance sheets.


⁽³⁾	Included in accrued liabilities on the condensed consolidated balance sheets.


⁽⁴⁾	Included in other non-current liabilities on the condensed consolidated balance sheets.


⁽⁵⁾	The carrying amount of the debt instrument is presented net of debt issuance costs, premium and discount. Refer to Note 9, "Debt," for gross carrying amounts.

The Company values its financial instruments using an industry standard market approach, in which prices and other relevant information are generated by market transactions involving identical or comparable assets or liabilities. No financial instruments were recognized using unobservable inputs.

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 interest rate caps were measured at fair value using implied volatility rates of each individual caplet and the yield curve for the related periods.

The Company’s derivative contracts consist of foreign currency exchange contracts and, from time to time, interest rate swap and cap agreements. These derivative contracts are over-the-counter, and their fair value is determined using modeling techniques that include market inputs such as interest rates, yield curves, and currency exchange rates. These contracts are categorized as Level 2 in the fair value hierarchy.

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 notes were based upon quoted market prices. There has not been any impact to the fair value of derivative liabilities due to the Company's own credit risk. Similarly, there has not been any impact to the fair value of derivative assets based on the Company's evaluation of counterparties' credit risks.

The fair value of cash and cash equivalents, restricted cash, trade accounts receivable-net and accounts payable approximated book value due to the short-term nature of these instruments at December 28, 2019 and September 30, 2019.

DERIVATIVES AND HEDGING ACTIVITIES

3 Months Ended

Dec. 28, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVES AND HEDGING ACTIVITIES

The Company is exposed to, among other things, the impact of changes in foreign currency exchange rates and 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. These derivative financial instruments do not subject the Company to undue risk, as gains and losses on these instruments generally offset gains and losses on the underlying assets, liabilities, or anticipated transactions that are being hedged. The Company has agreements with each of its swap and cap counterparties that contain a provision whereby if the Company defaults on the credit facility the Company could also be declared in default on its swaps and caps, resulting in an acceleration of payment under the swaps and caps.

All derivative financial instruments are recorded at fair value in the condensed consolidated balance sheets. For a derivative that has not been designated as an accounting hedge, the change in the fair value is recognized immediately through earnings. For a derivative that has been designated as an accounting hedge of an existing asset or liability (a fair value hedge), the change in the fair value of both the derivative and underlying asset or liability is recognized immediately through earnings. For a derivative designated as an accounting hedge of an anticipated transaction (a cash flow hedge), the change in the fair value is recorded on the condensed consolidated balance sheet in accumulated other comprehensive income to the extent the derivative is effective in mitigating the exposure related to the anticipated transaction. The change in the fair value related to the ineffective portion of the hedge, if any, is immediately recognized in earnings. The amount recorded within accumulated other comprehensive income is reclassified into earnings in the same period during which the underlying hedged transaction affects earnings.

Interest Rate Swap and Cap Agreements – Interest rate swap and cap agreements are used to manage interest rate risk associated with floating-rate borrowings under our credit facility. The interest rate swap and cap 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 and cap 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 qualify as effective cash flow hedges under US 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’ deficit 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. As the interest rate swap and cap agreements are used to manage interest rate risk, any gains or losses from the derivative instruments that are reclassified into earnings are recognized in interest expense - net in the condensed consolidated statements of income.

The following table summarizes the Company's interest rate swap agreements:



Aggregate Notional Amount (in millions)	Start Date	End Date	Related Term Loans	Conversion of Related Variable Rate Debt to Fixed Rate of:
$750	3/31/2016	6/30/2020	Tranche E	5.3% (2.8% plus the 2.5% margin percentage)
$500	6/29/2018	3/31/2025	Tranche E	5.5% (3.0% plus the 2.5% margin percentage)
$750	6/30/2020	6/30/2022	Tranche E	5.0% (2.5% plus the 2.5% margin percentage)
$1,500	6/30/2022	3/31/2025	Tranche E	5.6% (3.1% plus the 2.5% margin percentage)
$1,000	6/28/2019	6/30/2021	Tranche F	4.3% (1.8% plus the 2.5% margin percentage)
$1,400	6/30/2021	3/31/2023	Tranche F	5.5% (3.0% plus the 2.5% margin percentage)
$500	12/30/2016	12/31/2021	Tranche G	4.4% (1.9% plus the 2.5% margin percentage)
$400	9/30/2017	9/30/2022	Tranche G	4.4% (1.9% plus the 2.5% margin percentage)
$900	12/31/2021	6/28/2024	Tranche G	5.6% (3.1% plus the 2.5% margin percentage)
$400	9/30/2022	6/28/2024	Tranche G	5.5% (3.0% plus the 2.5% margin percentage)

The following table summarizes the Company's interest rate cap agreements:



Aggregate Notional Amount (in millions)	Start Date	End Date	Related Term Loans	Offsets Variable Rate Debt Attributable to Fluctuations Above:
$750	9/30/2015	6/30/2020	Tranche E	Three month LIBO rate of 2.5%
$750	6/30/2020	6/30/2022	Tranche E	Three month LIBO rate of 2.5%
$400	6/30/2016	6/30/2021	Tranche F	Three month LIBO rate of 2.0%
$400	12/30/2016	12/31/2021	Tranche G	Three month LIBO rate of 2.5%

Certain derivative asset and liability balances are offset where master netting agreements provide for the legal right of setoff. For classification purposes, we record the net fair value of each type of derivative position that is expected to settle in less than one year with each counterparty as a net current asset or liability and each type of long-term position as a net non-current asset or liability. The amounts shown in the table below represent the gross amounts of recognized assets and liabilities, the amounts offset in the condensed consolidated balance sheet and the net amounts of assets and liabilities presented therein (in millions).



	December 28, 2019					September 30, 2019
	Asset		Liability			Asset		Liability
Interest rate cap agreements	$	1	$	—		$	1	$	—
Interest rate swap agreements⁽¹⁾	—		(183		)	—		(216		)
Net derivatives as classified in the balance sheet ⁽²⁾	$	1	$	(183	)	$	1	$	(216	)


⁽¹⁾	The decrease in the interest rate swap liability is primarily attributable to a upward trend in the LIBO rate during the first quarter of fiscal 2020.


⁽²⁾	Refer to Note 11, "Fair Value Measurements," for the condensed consolidated balance sheet classification of our interest rate swap and cap agreements.

Based on the fair value amounts of the interest rate swap and cap agreements determined as of December 28, 2019, the estimated net amount of existing gains and losses and caplet amortization expected to be reclassified into interest expense within the next twelve months is approximately $17.0 million.

Effective September 30, 2016, the Company redesignated the interest rate cap agreements related to the $400 million and the $750 million aggregate notional amount with cap rates of 2.0% and 2.5%, respectively, based on the expected probable cash flows associated with the 2016 term loans and 2015 term loans in consideration of the Company’s ability to select one-month, two-month, three-month, or six-month LIBO rate set forth in the Second Amended and Restated Credit Agreement. Accordingly, amounts previously recorded as a component of accumulated other comprehensive income (loss) in stockholder’s deficit amortized into interest expense was $5.0 million and $1.1 million for the thirteen week periods ended December 28, 2019 and December 29, 2018, respectively. The accumulated other comprehensive income to be reclassified into interest expense over the remaining term of the cap agreements is $4.8 million with a related tax benefit of $1.1 million as of December 28, 2019.

Effective December 30, 2017, the Company redesignated the existing interest rate swap agreements related to the $750 million, $500 million, $1,000 million and $750 million aggregate notional amounts with swap rates of 5.0%, 4.4%, 4.3% and 5.3%, respectively, based on the expected probable cash flows associated with certain term loans in consideration of the Company’s removal of the LIBO rate floor on the certain term loans as set forth in Amendment No. 4 to the Second Amended and Restated Credit Agreement. Accordingly, the amount recorded as a component of accumulated other comprehensive income in stockholders’ deficit related to these redesignated interest rate swap hedges will be amortized into earnings based on the original maturity date of the related interest rate swap agreements. Amounts previously recorded as a component of accumulated other comprehensive income (loss) in stockholder’s deficit amortized into interest expense was $1.1 million and $0.3 million for the thirteen week periods ended December 28, 2019 and December 29, 2018. The accumulated other comprehensive income to be reclassified into interest income over the remaining term of the swaps agreements is $2.0 million with a related tax expense of $0.5 million as of December 28, 2019.

Effective March 31, 2018, the Company redesignated the existing interest rate swap agreements related to the $1,000 million aggregate notional amount with a swap rate of 4.9%, which expired in June 2019, and the $400 million aggregate notional amount with swap rate of 4.4%, based on the expected probable cash flows associated with certain term loans in consideration of the Company’s removal of the LIBO rate floor on the certain term loans as set forth in the refinancing facility agreement dated February 22, 2018 related to the Second Amended and Restated Credit Agreement. Accordingly, the amount recorded as a component of accumulated other comprehensive income in stockholders’ deficit related to these redesignated interest rate swap hedges will be amortized into earnings based on the original maturity date of the related interest rate swap agreements. Amounts previously recorded as a component of accumulated other comprehensive income (loss) in stockholder’s deficit amortized into interest income was $2.8 million and $0.7 million for the thirteen week periods ended December 28, 2019 and December 29, 2018. The accumulated other comprehensive income to be reclassified into interest income over the remaining term of the swaps agreements is $7.9 million with a related tax expense of $1.9 million as of December 28, 2019.

Foreign Currency Forward Exchange Contracts – The Company transacts business in various foreign currencies, which subjects the Company’s cash flows and earnings to exposure related to changes in foreign currency exchange rates. These exposures arise primarily from purchases or sales of products and services from third parties. Foreign currency forward exchange contracts provide for the purchase or sale of foreign currencies at specified future dates at specified exchange rates, and are used to offset changes in the fair value of certain assets or liabilities or forecasted cash flows resulting from transactions denominated in foreign currencies. At December 28, 2019, the Company had outstanding foreign currency forward exchange contracts principally to sell U.S. dollars with notional amounts of $191.9 million. These notional values consist primarily of contracts for the British pound sterling, Canadian dollar, and European euro and are stated in U.S. dollar equivalents at spot exchange rates at the respective dates. During the thirteen week period ended December 28, 2019, the the Company recognized gains on foreign currency forward exchange contracts designated as fair value hedges of $0.2 million in cost of sales in the condensed consolidated statement of income. During the thirteen week period ended December 28, 2019, the gains the Company reclassified on foreign currency forward exchange contracts designated as cash flow hedges in the condensed consolidated income statement are immaterial. The gains (losses) were previously recorded as a component of accumulated other comprehensive income (loss) in stockholders' deficit.

During the thirteen week period ended December 28, 2019, the Company recorded a loss of $0.4 million on foreign currency forward exchange contracts that have not been designated as accounting hedges. These foreign currency exchange losses are included in selling and administrative expenses.

There was an immaterial impact to the Company’s earnings related to the ineffective portion of any hedging instruments during the thirteen week period ended December 28, 2019. In addition, there was an immaterial impact to the Company’s earnings when a hedged firm commitment no longer qualified as a fair value hedge or when a hedged forecasted transaction no longer qualified as a cash flow hedge during the thirteen week period ended December 28, 2019.

Amounts related to foreign currency forward exchange contracts included in accumulated other comprehensive income (loss) in stockholders' deficit are reclassified into earnings when the hedged transaction settles. The Company expects to reclassify approximately $3.0 million of net losses into earnings over the next 12 months. The maximum duration of the Company’s foreign currency cash flow hedge contracts at December 28, 2019 was 24 months.

SEGMENTS	3 Months Ended
SEGMENTS	Dec. 28, 2019
Segment Reporting [Abstract]
SEGMENTS	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, specialized AC/DC electric motors and generators, databus and power controls, advanced sensor products, switches and relay panels, high performance hoists, winches and lifting devices and cargo loading and handling systems. 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, seat belts and safety restraints, engineered interior surfaces and related components, advanced displays, thermal protection, lighting and control technology, military personnel parachutes and cargo 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 headsets for high-noise, medium-noise, and dismounted applications, seat belts and safety restraints for ground transportation applications, mechanical/electro-mechanical actuators and controls for space applications, hydraulic/electromechanical actuators and fuel valves for land based gas turbines, and refueling systems for heavy equipment used in mining, construction and other industries and turbine controls for the energy and oil and gas markets. Primary customers of this segment are off-road vehicle suppliers and subsystem suppliers, child restraint system suppliers, satellite and space system suppliers, manufacturers of heavy equipment used in mining, construction and other industries and turbine original equipment manufacturers, gas pipeline builders and electric utilities. 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 recorded as corporate expenses including refinancing costs, acquisition-related costs, transaction-related costs, foreign currency gains and losses, and non-cash compensation charges incurred in connection with the Company’s stock incentive 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 US 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 US 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 immaterial for the periods presented below. Certain corporate-level expenses are allocated to the operating segments.

RETIREMENT BENEFITS (Notes)

3 Months Ended

Dec. 28, 2019

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Pension and Other Postretirement Benefits Disclosure [Text Block]

RETIREMENT PLANS

The components of net periodic pension cost for the Company's defined benefit plans were as follows (in millions):



	Thirteen Week Periods Ended
	December 28, 2019						December 29, 2018
	U.S. Pension Plans			Non-U.S. Pension Plans			U.S. Pension Plans			Non-U.S. Pension Plans
Service cost	$	2		$	1		$	1		$	1
Interest cost	3			1			2			1
Expected return on plan assets	(5		)	(1		)	(3		)	(1		)
Amortization of prior service cost	—			—			—			—
Amortization of actuarial (gain) loss	—			—			—			—
Net periodic pension cost	$	—		$	1		$	—		$	1

The net periodic pension cost for the Company's post-retirement pension plans was immaterial for the thirteen week periods ended December 28, 2019 and December 29, 2018. The defined benefit plan components of total pension cost, other than service cost, are included in other expense in the Company's condensed consolidated statements of income.

ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Dec. 28, 2019

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

The following table presents the components of accumulated other comprehensive (loss) income, net of taxes, for the thirteen week period ended December 28, 2019 (in millions):



	Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges ⁽¹⁾			Defined benefit pension plan activity ⁽²⁾			Currency translation adjustment			Total
Balance at September 30, 2019	$	(172	)	$	(40	)	$	(167	)	$	(379	)
Current-period other comprehensive gain	23			6			98			127
Balance at December 28, 2019	$	(149	)	$	(34	)	$	(69	)	$	(252	)


⁽¹⁾	Unrealized gain represents derivative instruments, net of taxes of $(9.8) million and $22.3 million for the thirteen week periods ended December 28, 2019 and December 29, 2018, respectively.


⁽²⁾	Defined benefit pension plan and other post-retirement plan activity represents pension liability adjustments, net of taxes of $2.1 million for the thirteen week period ended December 28, 2019. There were no material pension liability adjustments, net of taxes for the thirteen week period ended December 29, 2018.

A summary of reclassifications out of accumulated other comprehensive (loss) income for the thirteen week periods ended December 28, 2019 and December 29, 2018 is provided below (in millions):



	Amount reclassified
	Thirteen Week Periods Ended
Description of reclassifications out of accumulated other comprehensive (loss) income	December 28, 2019			December 29, 2018
Amortization from redesignated interest rate swap and cap agreements ⁽¹⁾	$	1		$	1
Losses from settlement of foreign currency forward exchange contracts ⁽²⁾	(1		)	—
Losses reclassified into earnings, net of tax	$	—		$	1


⁽¹⁾	This component of accumulated other comprehensive (loss) income is included in interest expense (see Note 12, “Derivatives and Hedging Activities,” for additional information).

⁽²⁾

This component of accumulated other comprehensive (loss) income is included in net sales (see Note 12, “Derivatives and Hedging Activities,” for additional information).

LEASES (Notes)

3 Months Ended

Dec. 28, 2019

Leases [Abstract]

LEASES

The Company leases certain manufacturing facilities, offices, land, equipment and vehicles. Such leases, some of which are noncancelable and, in many cases, include renewals, expire at various dates. Such options to renew are included in the lease term when it is reasonably certain that the option will be exercised. The Company’s lease agreements typically do not contain any significant residual value guarantees or restrictive covenants, and payments within certain lease agreements are adjusted periodically for changes in an index or rate.

The Company determines if an arrangement is a lease at inception. Operating lease assets and liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term. Lease assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. The discount rate implicit within our leases is generally not determinable and therefore we determine the discount rate based on our incremental borrowing rate. The incremental borrowing rate for our leases is determined based on the lease term and the currency in which lease payments are made. The length of a lease term includes options to extend or terminate the lease when it is reasonably certain that the Company will exercise those options. The Company made an accounting policy election to not recognize lease assets or liabilities for leases with a term of 12 months or less. Additionally, when accounting for leases, the Company combines payments for leased assets, related services and other components of a lease.

The components of lease expense for the thirteen weeks ended December 28, 2019 are as follows (in millions):



	Classification	December 28, 2019
Operating lease cost	Cost of Sales or Selling and Administrative Expenses	$	7
Finance lease cost
Amortization of leased assets	Cost of Sales	1
Interest on lease liabilities	Interest Expense - Net	1
Total lease cost		$	9

Supplemental cash flow information related to leases for the thirteen week period ended December 28, 2019 is as follows (in millions):



	December 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	7
Operating cash outflows from finance leases	1

Lease assets obtained in exchange for new lease obligations:
Operating leases	$	10

Supplemental balance sheet information related to leases is as follows (in millions):



	Classification	December 28, 2019
Operating Leases
Operating lease right-of-use assets	Other Assets	$	102

Current operating lease liabilities	Accrued Liabilities	21
Long-term operating lease liabilities	Other Non-current Liabilities	87
Total operating lease liabilities		$	108

Finance Leases
Finance lease right-of-use assets, net	Property, Plant and Equipment—Net	$	70

Current finance lease liabilities	Accrued Liabilities	1
Long-term finance lease liabilities	Other Non-current Liabilities	51
Total finance lease liabilities		$	52

As of December 28, 2019, the Company has the following remaining lease term and weighted average discount rates (in millions):



Weighted-average remaining lease term
Operating leases	6.5 years
Finance leases	18.1 years

Weighted-average discount rate
Operating leases	6.2%
Finance leases	7.9%

Maturities of lease liabilities at December 28, 2019 are as follows (in millions):



	Operating Leases		Finance Leases
2020	$	20	$	4
2021	24		5
2022	20		5
2023	16		5
2024	14		6
Thereafter	38		76
Total future minimum lease payments	132		101
Less: imputed interest	24		49
Present value of lease liabilities reported	$	108	$	52

A summary of minimum rental commitments at December 28, 2019 under noncancelable operating leases, which expire at various dates and in most cases contain renewal options, for each of the next five years and thereafter in the aggregate, is as follows (in millions):



	Operating Leases
2020	$	20
2021	25
2022	21
2023	17
2024	14
Thereafter	39
Total lease commitments	$	136

COMMITMENTS AND CONTINGENCIES (Notes)	3 Months Ended
COMMITMENTS AND CONTINGENCIES (Notes)	Dec. 28, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENCIES On August 8, 2019, a fire caused significant damage to the Niort, France operating facility of Leach International Europe, which is a subsidiary of TransDigm acquired via the Esterline acquisition. Leach International Europe’s results are reported within the Company’s Power & Control segment. The facility as well as certain machinery, equipment and inventory sustained damage. The Company suspended operations at the Niort facility as a result of the fire; however, has transferred certain operations to temporary facilities until operations are fully restored at the rebuilt facility. The facility is estimated to be complete and fully operational between the first and second quarter of fiscal 2021. The Company’s insurance covers damage to the facility, equipment, inventory, and other assets, at replacement cost, as well as business interruption, and recovery-related expenses caused by the fire, subject to a $1 million deductible and certain sub-limits based on the nature of the covered item. Anticipated insurance recoveries related to losses and incremental costs incurred are recognized when receipt is probable. Anticipated insurance recoveries in excess of net book value of the damaged property and inventory will not be recorded until all contingencies relating to the claim have been resolved. The timing of and amounts of ultimate insurance recoveries is not known at this time. Expenses incurred relating to this event in the first quarter of fiscal 2020 were not material.

DISCONTINUED OPERATIONS

3 Months Ended

Dec. 28, 2019

DISCONTINUED OPERATIONS [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

DISCONTINUED OPERATIONS

Current Year Divestitures

On December 20, 2019, TransDigm completed the divestiture of the Souriau-Sunbank Connection Technologies business (“Souriau-Sunbank”) with Eaton Corporation plc (“Eaton”) for approximately $920 million. Souriau-Sunbank was acquired by TransDigm as part of its acquisition of Esterline in March 2019 and was included in TransDigm’s Non-aviation segment. The divestiture represented a strategic shift in TransDigm’s business and, in accordance with US GAAP, qualifies as discontinued operations.

Income from discontinued operations, net of tax was $71 million in the condensed consolidated statements of income for the thirteen week period ended December 28, 2019. The $71 million was comprised of $9 million from Souriau-Sunbank's operations and a gain on the sale of Souriau-Sunbank, net of tax, of $62 million. The following is the summarized operating results for Souriau-Sunbank for the thirteen week period ended December 28, 2019 (in millions):



	Thirteen Week Period Ended December 28, 2019
Net sales	$	79
Income from discontinued operations before income taxes	13
Income tax expense	4
Income from discontinued operations, net of tax	9
Gain from sale of discontinued operations, net of tax	62
Income from discontinued operations, net of tax	$	71

At September 30, 2019, Souriau-Sunbank’s assets held-for-sale and liabilities held-for-sale were $962 million and $157 million, respectively. Under US GAAP, assets held for sale are to be reported at lower of its carrying amount or fair value less cost to sell. The following is the summarized balance sheet of Souriau-Sunbank’s assets held-for-sale and liabilities held-for-sale as of September 30, 2019 (in millions):



Assets and Liabilities of Discontinued Operations Held-for-Sale	Fiscal Year Ended September 30, 2019
Cash and cash equivalents	$	29
Trade accounts receivable—Net	67
Inventories—Net	88
Prepaid expenses and other	2
Property, plant and equipment—Net	101
Goodwill	480
Other intangibles—Net	194
Other	1
Total assets of discontinued operations	$	962

Accounts payable	$	33
Accrued liabilities	55
Long-term debt	6
Deferred income taxes	42
Other	21
Total liabilities of discontinued operations	$	157

Prior Year Divestitures

On September 20, 2019, TransDigm completed the divestiture of its Esterline Interface Technology (“EIT”) group of businesses to an affiliate of KPS Capital Partners, LP for approximately $190 million. EIT was acquired by TransDigm as part of its acquisition of Esterline in March 2019 and was included in TransDigm’s Non-aviation segment. The divestiture represented a strategic shift in TransDigm’s business and, in accordance with US GAAP, qualifies as discontinued operations.

There was no impact to the income from discontinued operations in the condensed consolidated statements of income for the thirteen week period ended December 28, 2019.

SUPPLEMENTAL GUARANTOR INFORMATION

3 Months Ended

Dec. 28, 2019

Condensed Financial Information Disclosure [Abstract]

SUPPLEMENTAL GUARANTOR INFORMATION

TransDigm Inc.’s 2024 Notes, 2025 Notes, 6.375% 2026 Notes, 2026 Secured Notes, 7.50% 2027 Notes and 5.50% 2027 Notes are jointly and severally guaranteed, on a senior subordinated basis, by TD Group, TransDigm UK Holdings plc ("TransDigm UK") and TransDigm Inc.’s Domestic Restricted Subsidiaries, as defined in the applicable Indentures. TransDigm UK's 6.875% 2026 Notes are jointly and severally guaranteed, on a senior subordinated basis, by TD Group, TransDigm Inc. and TransDigm Inc.'s Domestic Restricted Subsidiaries as defined in the applicable indenture. The following supplemental condensed consolidating financial information presents, in separate columns, the balance sheets of the Company as of December 28, 2019 and September 30, 2019 and its statements of income and comprehensive income and cash flows for the thirteen week periods ended December 28, 2019 and December 29, 2018 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, excluding TransDigm UK, (iii) TransDigm UK (iv) the Subsidiary Guarantors (other than TransDigm UK) on a combined basis, (v) Non-Guarantor Subsidiaries and (vi) the Company on a consolidated basis.

Separate financial statements of TransDigm Inc. are not presented because TransDigm Inc.’s 2024 Notes, 2025 Notes, 6.375% 2026 Notes, 2026 Secured Notes, 7.50% 2027 Notes and 5.50% 2027 Notes are fully and unconditionally guaranteed on a senior subordinated basis by TD Group, TransDigm UK and all of TransDigm Inc's Domestic Restricted Subsidiaries and because TD Group has no significant operations or assets separate from its investment in TransDigm Inc.

Separate financial statements of TransDigm UK are not presented because TransDigm UK's 6.875% 2026 Notes, issued in May 2018, are fully and unconditionally guaranteed on a senior subordinated basis by TD Group, TransDigm Inc. and all of TransDigm Inc.'s Domestic Restricted Subsidiaries.

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 28, 2019

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK		Subsidiary Guarantors			Non- Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—		$	3,087		$	1	$	(15	)	$	1,121	$	—		$	4,194
Trade accounts receivable - Net	—			—			—		161			864		—			1,025
Inventories - Net	—			55			—		899			356		(16		)	1,294
Prepaid expenses and other	—			29			—		52			58		—			139
Total current assets	—			3,171			1		1,097			2,399		(16		)	6,652
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	(4,303		)	15,750			974		17,542			5,957		(35,920		)	—
PROPERTY, PLANT AND EQUIPMENT - NET	—			15			—		520			218		—			753
GOODWILL	—			83			—		5,895			1,868		—			7,846
OTHER INTANGIBLE ASSETS - NET	—			25			—		2,025			687		—			2,737
DEFERRED INCOME TAXES	—			—			—		—			13		—			13
OTHER	—			20			—		92			43		—			155
TOTAL ASSETS	$	(4,303	)	$	19,064		$	975	$	27,171		$	11,185	$	(35,936	)	$	18,156
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt	$	—		$	76		$	—	$	1		$	3	$	—		$	80
Short-term borrowings - trade receivable securitization facility	—			—			—		—			350		—			350
Accounts payable	—			17			—		148			100		—			265
Accrued liabilities	—			2,158			4		240			253		—			2,655
Total current liabilities	—			2,251			4		389			706		—			3,350
LONG-TERM DEBT	—			17,383			492		42			35		—			17,952
DEFERRED INCOME TAXES	—			—			—		350			98		—			448
OTHER NON-CURRENT LIABILITIES	—			273			—		265			167		—			705
Total liabilities	—			19,907			496		1,046			1,006		—			22,455
TD GROUP STOCKHOLDERS' (DEFICIT) EQUITY	(4,303		)	(843		)	479		26,125			10,175		(35,936		)	(4,303		)
NONCONTROLLING INTERESTS	—			—			—		—			4		—			4
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	$	(4,303	)	$	19,064		$	975	$	27,171		$	11,185	$	(35,936	)	$	18,156

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING BALANCE SHEET

AS OF SEPTEMBER 30, 2019

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK		Subsidiary Guarantors			Non- Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—		$	1,092		$	—	$	(12	)	$	387	$	—		$	1,467
Trade accounts receivable - Net	—			—			—		172			896		—			1,068
Inventories - Net	—			52			—		880			316		(15		)	1,233
Assets held-for-sale	—			—			—		206			756		—			962
Prepaid expenses and other	—			27			—		45			63		—			135
Total current assets	—			1,171			—		1,291			2,418		(15		)	4,865
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	(2,894		)	14,729			975		16,373			6,898		(36,081		)	—
PROPERTY, PLANT AND EQUIPMENT - NET	—			17			—		513			227		—			757
GOODWILL	—			83			—		5,544			2,193		—			7,820
OTHER INTANGIBLE ASSETS - NET	—			25			—		2,064			655		—			2,744
OTHER	—			6			—		35			28		—			69
TOTAL ASSETS	$	(2,894	)	$	16,031		$	975	$	25,820		$	12,419	$	(36,096	)	$	16,255
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt	$	—		$	76		$	—	$	1		$	3	$	—		$	80
Short-term borrowings - trade receivable securitization facility	—			—			—		—			350		—			350
Accounts payable	—			17			—		160			99		—			276
Accrued liabilities	—			215			12		237			211		—			675
Liabilities held-for-sale	—			—			—		22			135		—			157
Total current liabilities	—			308			12		420			798		—			1,538
LONG-TERM DEBT	—			15,893			492		49			35		—			16,469
DEFERRED INCOME TAXES	—			—			—		347			94		—			441
OTHER NON-CURRENT LIABILITIES	—			315			—		233			143		—			691
Total liabilities	—			16,516			504		1,049			1,070		—			19,139
TD GROUP STOCKHOLDERS' (DEFICIT) EQUITY	(2,894		)	(485		)	471		24,771			11,339		(36,096		)	(2,894		)
NONCONTROLLING INTERESTS	—			—			—		—			10		—			10
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	$	(2,894	)	$	16,031		$	975	$	25,820		$	12,419	$	(36,096	)	$	16,255

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

FOR THE THIRTEEN WEEK PERIOD ENDED DECEMBER 28, 2019

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Total Consolidated
NET SALES	$	—		$	45		$	—		$	1,130		$	347		$	(57	)	$	1,465
COST OF SALES	—			25			—			480			216			(57		)	664
GROSS PROFIT	—			20			—			650			131			—			801
SELLING AND ADMINISTRATIVE EXPENSES	—			54			—			97			50			—			201
AMORTIZATION OF INTANGIBLE ASSETS	—			—			—			30			10			—			40
(LOSS) INCOME FROM OPERATIONS	—			(34		)	—			523			71			—			560
INTEREST EXPENSE (INCOME) - NET	—			250			9			(5		)	(6		)	—			248
REFINANCING COSTS	—			22			—			—			—			—			22
OTHER (INCOME) EXPENSE	—			(3		)	(18		)	2			16			—			(3		)
EQUITY IN INCOME OF SUBSIDIARIES	(304		)	(493		)	—			—			—			797			—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	304			190			9			526			61			(797		)	293
INCOME TAX PROVISION	—			—			—			50			9			—			59
INCOME FROM CONTINUING OPERATIONS	304			190			9			476			52			(797		)	234
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX	—			114			—			—			(43		)	—			71
NET INCOME	304			304			9			476			9			(797		)	305
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			—			(1		)	—			(1		)
NET INCOME ATTRIBUTABLE TO TD GROUP	$	304		$	304		$	9		$	476		$	8		$	(797	)	$	304
OTHER COMPREHENSIVE INCOME, NET OF TAX	127			43			—			5			132			(180		)	127
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	$	431		$	347		$	9		$	481		$	140		$	(977	)	$	431

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

FOR THE THIRTEEN WEEK PERIOD ENDED DECEMBER 29, 2018

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK			Subsidiary Guarantors		Non- Guarantor Subsidiaries			Eliminations			Total Consolidated
NET SALES	$	—		$	41		$	—		$	809	$	162		$	(19	)	$	993
COST OF SALES	—			23			—			338		87			(19		)	429
GROSS PROFIT	—			18			—			471		75			—			564
SELLING AND ADMINISTRATIVE EXPENSES	—			41			—			64		17			—			122
AMORTIZATION OF INTANGIBLE ASSETS	—			—			—			18		2			—			20
(LOSS) INCOME FROM OPERATIONS	—			(23		)	—			389		56			—			422
INTEREST EXPENSE (INCOME) - NET	—			177			5			—		(10		)	—			172
EQUITY IN INCOME OF SUBSIDIARIES	(196		)	(325		)	—			—		—			521			—
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	196			125			(5		)	389		66			(521		)	250
INCOME TAX PROVISION	—			(71		)	—			119		6			—			54
NET INCOME (LOSS) ATTRIBUTABLE TO TD GROUP	$	196		$	196		$	(5	)	$	270	$	60		$	(521	)	$	196
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX	(85		)	(74		)	—			12		(13		)	75			(85		)
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO TD GROUP	$	111		$	122		$	(5	)	$	282	$	47		$	(446	)	$	111

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE THIRTEEN WEEK PERIOD ENDED DECEMBER 28, 2019

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Total Consolidated
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	$	—		$	(80	)	$	(8	)	$	448		$	72		$	1		$	433
INVESTING ACTIVITIES:
Capital expenditures	—			(1		)	—			(22		)	(4		)	—			(27		)
Proceeds in connection with sale of discontinued operations, net	—			904			—			—			—			—			904
Net cash provided by (used in) investing activities	—			903			—			(22		)	(4		)	—			877
FINANCING ACTIVITIES:
Intercompany activities	44			(285		)	9			(429		)	662			(1		)	—
Proceeds from exercise of stock options	20			—			—			—			—			—			20
Dividend equivalent payments	(64		)	—			—			—			—			—			(64		)
Redemption of senior subordinated notes due 2022, net	—			(1,168		)	—			—			—			—			(1,168		)
Proceeds from 5.50% senior subordinated notes due 2027, net	—			2,625			—			—			—			—			2,625
Other, net	—			—			—			—			1			—			1
Net cash provided by (used in) financing activities	—			1,172			9			(429		)	663			(1		)	1,414
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			—			—			3			—			3
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			1,995			1			(3		)	734			—			2,727
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	—			1,092			—			(12		)	387			—			1,467
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	3,087		$	1		$	(15	)	$	1,121		$	—		$	4,194

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE THIRTEEN WEEK PERIOD ENDED DECEMBER 29, 2018

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK		Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations		Total Consolidated
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	$	—		$	(19	)	$	—	$	285		$	64		$	—	$	330
INVESTING ACTIVITIES:
Capital expenditures	—			—			—		(20		)	(4		)	—		(24		)
Payments made in connection with acquisitions, net of cash acquired	—			—			—		(29		)	—			—		(29		)
Net cash used in investing activities	—			—			—		(49		)	(4		)	—		(53		)
FINANCING ACTIVITIES:
Intercompany activities	16			430			—		(235		)	(211		)	—		—
Proceeds from exercise of stock options	14			—			—		—			—			—		14
Dividend equivalent payments	(24		)	—			—		—			—			—		(24		)
Net cash provided by (used in) financing activities	6			430			—		(235		)	(211		)	—		(10		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			—		—			(3		)	—		(3		)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	6			411			—		1			(154		)	—		264
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	—			1,821			—		(2		)	254			—		2,073
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	6		$	2,232		$	—	$	(1	)	$	100		$	—	$	2,337

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Dec. 28, 2019
Subsequent Event [Line Items]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS On January 7, 2020, the Company paid $1.9 billion in special dividends and dividend equivalent payments in connection with the Board of Directors' authorization and declaration of a special cash dividend of $32.50 on each outstanding share of common stock and cash dividend equivalent payments on vested options outstanding under its stock incentive plans on December 20, 2019. These special dividends and dividend equivalent payments were funded by existing cash on hand and the proceeds received from the completed Souriau-Sunbank divestiture. As of December 28, 2019, approximately $1.9 billion was accrued for the special dividend and dividend equivalent payments in accrued liabilities in the condensed consolidated balance sheets. On January 22, 2020, TransDigm announced its intention to (i) reprice its existing tranche E terms loans, tranche F term loans and tranche G term loans and (ii) extend the maturity date of its existing tranche F term loans, in each case from existing and new lenders under the senior secured credit facilities. In connection with the repricing, TransDigm may also make certain other modifications to the terms of the senior secured credit facilities.

RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	3 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	Dec. 28, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In February 2016, the FASB issued ASU 2016-02, “Leases (ASC 842),” which requires lessees to recognize a right-of-use asset and lease liability for all leases with a term of more than 12 months. ASU 2016-02 was effective for the Company on October 1, 2019, and required a modified retrospective application. In July 2018, the FASB issued ASU 2018-11, “Leases (ASC 842) Targeted Improvements,” which provided an additional transition method that allowed entities to initially apply the new standard at the adoption date and recognize a cumulative effect adjustment to the opening balance of retained earnings in the period of adoption without restating prior periods. The Company has completed the necessary changes to the consolidated financial statements and related disclosures, internal controls, financial policies and information systems. On October 1, 2019, the Company adopted ASC 842 and related amendments using the modified retrospective method. Results for reporting periods beginning after October 1, 2019, are presented under ASC 842, while prior period amounts continue to be reported under ASC 840, “Leases." The Company elected to apply the package of practical expedients permitted within the new standard, which among other things, allows the carry forward of historical lease classification of existing leases. Additionally, the adoption of the new standard resulted in the recording of lease assets and lease liabilities for operating leases of $99 million and $105 million, respectively, as of October 1, 2019. The effects of our transition to ASC 842 resulted in no cumulative adjustment to retained earnings in the period of adoption. The adoption of the standard did not have a material impact on our condensed consolidated statements of income or cash flows. Refer to Note 16, "Leases," for additional information. In June 2016, the FASB issued ASU 2016-13, "Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments (ASU 2016-13)," which changes the impairment model for most financial assets. The new model uses a forward-looking expected loss method, which will generally result in earlier recognition of allowances for losses. ASU 2016-13 is effective for the Company for annual and interim periods beginning after October 1, 2020 and early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on our consolidated financial statements and disclosures. In January 2017, the FASB issued ASU 2017-04, “Simplifying the Test for Goodwill Impairment,” to eliminate Step 2 from the goodwill impairment test in order to simplify the subsequent measurement of goodwill. The guidance is effective for the Company for fiscal years beginning after October 1, 2020, with early adoption permitted. The adoption of this standard is not expected to have a material impact on our consolidated financial statements and disclosures. In December 2019, the FASB issued ASU 2019-12, “Income Taxes (ASC 740) - Simplifying the Accounting for Income Taxes,” which simplifies the accounting for income taxes by removing certain exceptions to the general principles in ASC 740. The amendments also improve consistent application of and simplify US GAAP for other areas of ASC 740 by clarifying and amending existing guidance. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption of the amendments is permitted, including adoption in any interim period for which financial statements have not yet been issued. Depending on the amendment, adoption may be applied on the retrospective, modified retrospective or prospective basis. The Company is currently evaluating the impact of adopting this standard on our consolidated financial statements and disclosures.

REVENUE Narrative (Policies)	3 Months Ended
REVENUE Narrative (Policies)	Dec. 28, 2019
Revenue Recognition [Abstract]
Revenue [Policy Text Block]	The majority of the Company's revenue is recorded at a point in time. Revenue is recognized from the sale of products when control transfers to the customer, which is demonstrated by our right to payment, a transfer of title, a transfer of the risk and rewards of ownership, or the customer acceptance, but most frequently upon shipment where the customer obtains physical possession of the goods. In some contracts, the Company found that control transferred to the customer over time, primarily in contracts where the customer is required to pay for the cost of both the finished and unfinished goods at the time of cancellation plus a reasonable profit relative to the work performed for products that were customized for the customer. Therefore, we recognize revenue over time for those agreements that have a right to margin and where the products being produced have no alternative use. Based on our production cycle, it is generally expected that goods related to the revenue will be shipped and billed within the current year. For revenue recognized over time, we estimate the amount of revenue attributable to a contract earned at a given point during the production cycle based on certain costs, such as materials and labor incurred to date, plus the expected profit, which is a cost-to-cost input method. The Company’s payment terms vary by the type and location of the customer and the products or services offered. The Company does not offer any payment terms that would meet the requirements for consideration as a significant financing component. Shipping and handling fees and costs incurred in connection with products sold are recorded in cost of sales in the condensed consolidated statements of income, and are not considered a performance obligation to our customers. The Company pays sales commissions that relate to contracts for products or services that are satisfied at a point in time or over a period of one year or less and are expensed as incurred. These costs are reported as a component of selling and administrative expenses in the unaudited condensed consolidated statements of income.

ACQUISITIONS AND DIVESTITURES (Tables) - Esterline [Member]

3 Months Ended

Dec. 28, 2019

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information [Table Text Block]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The preliminary allocation of the fair value of the Esterline acquisition as of the acquisition date of March 14, 2019 is summarized in the table below (presented in millions).



Assets acquired:
Trade accounts receivable	$	387
Inventories	589
Prepaid expenses and other	422
Property, plant, and equipment	469
Other intangible assets	1,300
Goodwill	2,190
Other	22
Total assets acquired	5,379
Liabilities assumed:
Accounts payable	146
Accrued liabilities	715
Other non-current liabilities	594
Total liabilities assumed	1,455
Net assets acquired	$	3,924

REVENUE (Tables)	3 Months Ended
REVENUE (Tables)	Dec. 28, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue, Initial Application Period Cumulative Effect Transition, Explanation of Change [Table Text Block]	.

REVENUE Contract Assets and Liabilities (Tables)

3 Months Ended

Dec. 28, 2019

Schedule of Contract Assets and Liabilities [Line Items]

Contract with Customer, Asset and Liability [Table Text Block]

The following table summarizes our contract assets and liabilities balances (in millions):



	December 28, 2019		September 30, 2019		Change
Contract assets, current ⁽¹⁾	$	43	$	44	$	(1	)
Contract assets, non-current ⁽²⁾	6		7		(1		)
Total contract assets	49		51		(2		)
Contract liabilities, current ⁽³⁾	18		18		—
Contract liabilities, non-current ⁽⁴⁾	16		13		3
Total contract liabilities	34		31		3
Net contract assets	$	15	$	20	$	(5	)


⁽¹⁾	Included in prepaid expenses and other on the condensed consolidated balance sheets.


⁽²⁾	Included in other non-current assets on the condensed consolidated balance sheets.


⁽³⁾	Included in accrued liabilities on the condensed consolidated balance sheets.

⁽⁴⁾

Included in other non-current liabilities on the condensed consolidated balance sheets.

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

3 Months Ended

Dec. 28, 2019

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share data) using the two-class method:



	Thirteen Week Periods Ended
	December 28, 2019			December 29, 2018
Numerator for earnings per share:
Income from continuing operations	$	234		$	196
Less: Net income attributable to noncontrolling interests	(1		)	—
Net income from continuing operations attributable to TD Group	233			196
Less: Special dividends declared or paid on participating securities	(185		)	(24		)
	48			172
Income from discontinued operations, net of tax	71			—
Net income applicable to TD Group common stockholders - basic and diluted	$	119		$	172
Denominator for basic and diluted earnings per share under the two-class method:
Weighted-average common shares outstanding	53.6			52.8
Vested options deemed participating securities	3.8			3.5
Total shares for basic and diluted earnings per share	57.4			56.3

Earnings per share from continuing operations - basic and diluted	$	0.83		$	3.05
Earnings per share from discontinued operations - basic and diluted	1.24			—
Earnings per share	$	2.07		$	3.05

INVENTORIES (Tables)

3 Months Ended

Dec. 28, 2019

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following (in millions):



	December 28, 2019			September 30, 2019
Raw materials and purchased component parts	$	858		$	805
Work-in-progress	373			360
Finished goods	197			192
Total	1,428			1,357
Reserves for excess and obsolete inventory	(134		)	(124		)
Inventories - Net	$	1,294		$	1,233

INTANGIBLE ASSETS (Tables)

3 Months Ended

Dec. 28, 2019

Acquired Finite-Lived Intangible Assets [Line Items]

Schedule of Acquired Intangible Assets by Major Class [Table Text Block]

Intangible Assets Subject to Amortization

Other intangible assets - net in the condensed consolidated balance sheets consist of the following (in millions):



	December 28, 2019						September 30, 2019
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Trademarks and trade names	$	957	$	—	$	957	$	956	$	—	$	956
Technology	1,840		519		1,321		1,806		496		1,310
Order backlog	93		51		42		107		45		62
Customer relationships	443		35		408		438		30		408
Other	18		9		9		17		9		8
Total	$	3,351	$	614	$	2,737	$	3,324	$	580	$	2,744

Summary of Changes in Carrying Value of Goodwill

The following is a summary of changes in the carrying value of goodwill by segment from September 30, 2019 through December 28, 2019 (in millions):



	Power & Control			Airframe		Non- aviation			Total
Balance at September 30, 2019	$	4,121		$	3,598	$	101		$	7,820
Purchase price allocation adjustments	(106		)	106		(3		)	(3		)
Currency translation adjustment	12			16		1			29
Balance at December 28, 2019	$	4,027		$	3,720	$	99		$	7,846

DEBT (Tables)

3 Months Ended

Dec. 28, 2019

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt consists of the following (in millions):



	December 28, 2019
	Gross Amount		Debt Issuance Costs			Original Issue Discount or Premium			Net Amount
Short-term borrowings—trade receivable securitization facility	$	350	$	—		$	—		$	350
Term loans	$	7,524	$	(56	)	$	(16	)	$	7,452
6.50% senior subordinated notes due 2024 (2024 Notes)	1,200		(5		)	—			1,195
6.50% senior subordinated notes due 2025 (2025 Notes)	750		(3		)	3			750
6.375% senior subordinated notes due 2026 (6.375% 2026 Notes)	950		(7		)	—			943
6.875% senior subordinated notes due 2026 (6.875% 2026 Notes)	500		(5		)	(3		)	492
6.25% secured notes due 2026 (2026 Secured Notes)	4,000		(57		)	2			3,945
7.50% senior subordinated notes due 2027 (7.50% 2027 Notes)	550		(5		)	—			545
5.50% senior subordinated notes due 2027 (5.50% 2027 notes	2,650		(23		)	—			2,627
Government refundable advances	31		—			—			31
Finance lease obligations	52		—			—			52
	18,207		(161		)	(14		)	18,032
Less current portion	81		(1		)	—			80
Long-term debt	$	18,126	$	(160	)	$	(14	)	$	17,952



	September 30, 2019
	Gross Amount		Debt Issuance Costs			Original Issue Discount or Premium			Net Amount
Short-term borrowings—trade receivable securitization facility	$	350	$	—		$	—		$	350
Term loans	$	7,524	$	(58	)	$	(17	)	$	7,449
6.00% 2022 Notes	1,150		(4		)	—			1,146
6.50% 2024 Notes	1,200		(6		)	—			1,194
6.50% 2025 Notes	750		(3		)	3			750
6.375% 2026 Notes	950		(7		)	—			943
6.875% 2026 Notes	500		(6		)	(3		)	491
6.25% 2026 Secured Notes	4,000		(60		)	2			3,942
7.50% 2027 Notes	550		(5		)	—			545
Government refundable advances	39		—			—			39
Finance lease obligations	50		—			—			50
	16,713		(149		)	(15		)	16,549
Less current portion	81		(1		)	—			80
Long-term debt	$	16,632	$	(148	)	$	(15	)	$	16,469

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Dec. 28, 2019

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Financial Instruments

The following summarizes the carrying amounts and fair values of financial instruments (in millions):



		December 28, 2019				September 30, 2019
	Level	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	1	$	4,194	$	4,194	$	1,467	$	1,467
Interest rate cap agreements ⁽¹⁾	2	1		1		1		1
Foreign currency forward exchange contracts and other ⁽²⁾	2	1		1		—		—
Liabilities:
Interest rate swap agreements ⁽³⁾	2	14		14		13		13
Interest rate swap agreements ⁽⁴⁾	2	169		169		202		202
Foreign currency forward exchange contracts and other ⁽³⁾	2	4		4		6		6
Short-term borrowings - trade receivable securitization facility ⁽⁵⁾	1	350		350		350		350
Long-term debt, including current portion:
Term loans ⁽⁵⁾	2	7,452		7,509		7,449		7,478
6.00% 2022 Notes ⁽⁵⁾	1	—		—		1,146		1,167
6.50% 2024 Notes ⁽⁵⁾	1	1,195		1,236		1,194		1,239
6.50% 2025 Notes ⁽⁵⁾	1	750		781		750		782
6.375% 2026 Notes ⁽⁵⁾	1	943		1,007		943		999
6.875% 2026 Notes ⁽⁵⁾	1	492		536		491		535
6.25% 2026 Notes ⁽⁵⁾	1	3,945		4,325		3,942		4,290
7.50% 2027 Notes ⁽⁵⁾	1	545		601		545		595
5.50% 2027 Notes ⁽⁵⁾	1	2,627		2,686		—		—
Government Refundable Advances	2	31		31		39		39
Finance Lease Obligations	2	52		52		50		50


⁽¹⁾	Included in other non-current assets on the condensed consolidated balance sheets.


⁽²⁾	Included in prepaid expenses and other on the condensed consolidated balance sheets.


⁽³⁾	Included in accrued liabilities on the condensed consolidated balance sheets.


⁽⁴⁾	Included in other non-current liabilities on the condensed consolidated balance sheets.

⁽⁵⁾

The carrying amount of the debt instrument is presented net of debt issuance costs, premium and discount. Refer to Note 9, "Debt," for gross carrying amounts.

DERIVATIVES AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Dec. 28, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

The following table summarizes the Company's interest rate swap agreements:



Aggregate Notional Amount (in millions)	Start Date	End Date	Related Term Loans	Conversion of Related Variable Rate Debt to Fixed Rate of:
$750	3/31/2016	6/30/2020	Tranche E	5.3% (2.8% plus the 2.5% margin percentage)
$500	6/29/2018	3/31/2025	Tranche E	5.5% (3.0% plus the 2.5% margin percentage)
$750	6/30/2020	6/30/2022	Tranche E	5.0% (2.5% plus the 2.5% margin percentage)
$1,500	6/30/2022	3/31/2025	Tranche E	5.6% (3.1% plus the 2.5% margin percentage)
$1,000	6/28/2019	6/30/2021	Tranche F	4.3% (1.8% plus the 2.5% margin percentage)
$1,400	6/30/2021	3/31/2023	Tranche F	5.5% (3.0% plus the 2.5% margin percentage)
$500	12/30/2016	12/31/2021	Tranche G	4.4% (1.9% plus the 2.5% margin percentage)
$400	9/30/2017	9/30/2022	Tranche G	4.4% (1.9% plus the 2.5% margin percentage)
$900	12/31/2021	6/28/2024	Tranche G	5.6% (3.1% plus the 2.5% margin percentage)
$400	9/30/2022	6/28/2024	Tranche G	5.5% (3.0% plus the 2.5% margin percentage)

The following table summarizes the Company's interest rate cap agreements:



Aggregate Notional Amount (in millions)	Start Date	End Date	Related Term Loans	Offsets Variable Rate Debt Attributable to Fluctuations Above:
$750	9/30/2015	6/30/2020	Tranche E	Three month LIBO rate of 2.5%
$750	6/30/2020	6/30/2022	Tranche E	Three month LIBO rate of 2.5%
$400	6/30/2016	6/30/2021	Tranche F	Three month LIBO rate of 2.0%
$400	12/30/2016	12/31/2021	Tranche G	Three month LIBO rate of 2.5%

Schedule of Interest Rate Derivatives



	December 28, 2019					September 30, 2019
	Asset		Liability			Asset		Liability
Interest rate cap agreements	$	1	$	—		$	1	$	—
Interest rate swap agreements⁽¹⁾	—		(183		)	—		(216		)
Net derivatives as classified in the balance sheet ⁽²⁾	$	1	$	(183	)	$	1	$	(216	)


⁽¹⁾	The decrease in the interest rate swap liability is primarily attributable to a upward trend in the LIBO rate during the first quarter of fiscal 2020.

⁽²⁾

Refer to Note 11, "Fair Value Measurements," for the condensed consolidated balance sheet classification of our interest rate swap and cap agreements.

SEGMENTS (Tables)

3 Months Ended

Dec. 28, 2019

Segment Reporting [Abstract]

Net Sales by Reportable Segments

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



	Thirteen Week Periods Ended
	December 28, 2019		December 29, 2018
Net sales to external customers
Power & Control
Commercial OEM	$	184	$	133
Commercial Aftermarket	220		157
Defense	348		270
Total Power & Control	752		560

Airframe
Commercial OEM	230		133
Commercial Aftermarket	245		177
Defense	199		89
Total Airframe	674		399

Total Non-aviation	39		34
	$	1,465	$	993

EBITDA Defined by Segment to Consolidated Income Before Taxes

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



	Thirteen Week Periods Ended
	December 28, 2019		December 29, 2018
EBITDA As Defined
Power & Control	$	385	$	300
Airframe	305		191
Non-aviation	13		11
Total segment EBITDA As Defined	703		502
Less: Unallocated corporate expenses	22		15
Total Company EBITDA As Defined	681		487
Depreciation and amortization expense	69		35
Interest expense - net	248		172
Acquisition-related costs	7		12
Stock compensation expense	26		18
Refinancing costs	22		—
Other, net	16		—
Income from continuing operations before income taxes	$	293	$	250

Total Assets by Segment

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



	December 28, 2019		September 30, 2019
Total assets
Power & Control	$	7,070	$	7,037
Airframe	6,838		6,672
Non-aviation	262		262
Corporate	3,986		1,322
Assets of discontinued operations	—		962
	$	18,156	$	16,255

RETIREMENT BENEFITS (Tables)

3 Months Ended

Dec. 28, 2019

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Net Benefit Costs [Table Text Block]

The components of net periodic pension cost for the Company's defined benefit plans were as follows (in millions):



	Thirteen Week Periods Ended
	December 28, 2019						December 29, 2018
	U.S. Pension Plans			Non-U.S. Pension Plans			U.S. Pension Plans			Non-U.S. Pension Plans
Service cost	$	2		$	1		$	1		$	1
Interest cost	3			1			2			1
Expected return on plan assets	(5		)	(1		)	(3		)	(1		)
Amortization of prior service cost	—			—			—			—
Amortization of actuarial (gain) loss	—			—			—			—
Net periodic pension cost	$	—		$	1		$	—		$	1

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Dec. 28, 2019

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The following table presents the components of accumulated other comprehensive (loss) income, net of taxes, for the thirteen week period ended December 28, 2019 (in millions):



	Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges ⁽¹⁾			Defined benefit pension plan activity ⁽²⁾			Currency translation adjustment			Total
Balance at September 30, 2019	$	(172	)	$	(40	)	$	(167	)	$	(379	)
Current-period other comprehensive gain	23			6			98			127
Balance at December 28, 2019	$	(149	)	$	(34	)	$	(69	)	$	(252	)


⁽¹⁾	Unrealized gain represents derivative instruments, net of taxes of $(9.8) million and $22.3 million for the thirteen week periods ended December 28, 2019 and December 29, 2018, respectively.

⁽²⁾

Defined benefit pension plan and other post-retirement plan activity represents pension liability adjustments, net of taxes of $2.1 million for the thirteen week period ended December 28, 2019. There were no material pension liability adjustments, net of taxes for the thirteen week period ended December 29, 2018

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

A summary of reclassifications out of accumulated other comprehensive (loss) income for the thirteen week periods ended December 28, 2019 and December 29, 2018 is provided below (in millions):



	Amount reclassified
	Thirteen Week Periods Ended
Description of reclassifications out of accumulated other comprehensive (loss) income	December 28, 2019			December 29, 2018
Amortization from redesignated interest rate swap and cap agreements ⁽¹⁾	$	1		$	1
Losses from settlement of foreign currency forward exchange contracts ⁽²⁾	(1		)	—
Losses reclassified into earnings, net of tax	$	—		$	1


⁽¹⁾	This component of accumulated other comprehensive (loss) income is included in interest expense (see Note 12, “Derivatives and Hedging Activities,” for additional information).

⁽²⁾

This component of accumulated other comprehensive (loss) income is included in net sales (see Note 12, “Derivatives and Hedging Activities,” for additional information).

LEASES (Tables)

3 Months Ended

Dec. 28, 2019

Leases [Abstract]

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

Supplemental cash flow information related to leases for the thirteen week period ended December 28, 2019 is as follows (in millions):



	December 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	7
Operating cash outflows from finance leases	1

Lease assets obtained in exchange for new lease obligations:
Operating leases	$	10

Lease, Cost [Table Text Block]

The components of lease expense for the thirteen weeks ended December 28, 2019 are as follows (in millions):



	Classification	December 28, 2019
Operating lease cost	Cost of Sales or Selling and Administrative Expenses	$	7
Finance lease cost
Amortization of leased assets	Cost of Sales	1
Interest on lease liabilities	Interest Expense - Net	1
Total lease cost		$	9

Leases, Supplemental Balance Sheet Information [Table Text Block]

Supplemental balance sheet information related to leases is as follows (in millions):



	Classification	December 28, 2019
Operating Leases
Operating lease right-of-use assets	Other Assets	$	102

Current operating lease liabilities	Accrued Liabilities	21
Long-term operating lease liabilities	Other Non-current Liabilities	87
Total operating lease liabilities		$	108

Finance Leases
Finance lease right-of-use assets, net	Property, Plant and Equipment—Net	$	70

Current finance lease liabilities	Accrued Liabilities	1
Long-term finance lease liabilities	Other Non-current Liabilities	51
Total finance lease liabilities		$	52

As of December 28, 2019, the Company has the following remaining lease term and weighted average discount rates (in millions):



Weighted-average remaining lease term
Operating leases	6.5 years
Finance leases	18.1 years

Weighted-average discount rate
Operating leases	6.2%
Finance leases	7.9%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Maturities of lease liabilities at December 28, 2019 are as follows (in millions):



	Operating Leases		Finance Leases
2020	$	20	$	4
2021	24		5
2022	20		5
2023	16		5
2024	14		6
Thereafter	38		76
Total future minimum lease payments	132		101
Less: imputed interest	24		49
Present value of lease liabilities reported	$	108	$	52

Finance Lease, Liability, Maturity [Table Text Block]

Maturities of lease liabilities at December 28, 2019 are as follows (in millions):



	Operating Leases		Finance Leases
2020	$	20	$	4
2021	24		5
2022	20		5
2023	16		5
2024	14		6
Thereafter	38		76
Total future minimum lease payments	132		101
Less: imputed interest	24		49
Present value of lease liabilities reported	$	108	$	52

DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Dec. 28, 2019

Souriau Sunbank [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following is the summarized operating results for Souriau-Sunbank for the thirteen week period ended December 28, 2019 (in millions):



	Thirteen Week Period Ended December 28, 2019
Net sales	$	79
Income from discontinued operations before income taxes	13
Income tax expense	4
Income from discontinued operations, net of tax	9
Gain from sale of discontinued operations, net of tax	62
Income from discontinued operations, net of tax	$	71

The following is the summarized balance sheet of Souriau-Sunbank’s assets held-for-sale and liabilities held-for-sale as of September 30, 2019 (in millions):



Assets and Liabilities of Discontinued Operations Held-for-Sale	Fiscal Year Ended September 30, 2019
Cash and cash equivalents	$	29
Trade accounts receivable—Net	67
Inventories—Net	88
Prepaid expenses and other	2
Property, plant and equipment—Net	101
Goodwill	480
Other intangibles—Net	194
Other	1
Total assets of discontinued operations	$	962

Accounts payable	$	33
Accrued liabilities	55
Long-term debt	6
Deferred income taxes	42
Other	21
Total liabilities of discontinued operations	$	157

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

SUPPLEMENTAL GUARANTOR INFORMATION (Tables)

3 Months Ended

Dec. 28, 2019

Dec. 29, 2018

Condensed Financial Information Disclosure [Abstract]

Supplemental Condensed Consolidating Balance Sheet

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 28, 2019

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK		Subsidiary Guarantors			Non- Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—		$	3,087		$	1	$	(15	)	$	1,121	$	—		$	4,194
Trade accounts receivable - Net	—			—			—		161			864		—			1,025
Inventories - Net	—			55			—		899			356		(16		)	1,294
Prepaid expenses and other	—			29			—		52			58		—			139
Total current assets	—			3,171			1		1,097			2,399		(16		)	6,652
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	(4,303		)	15,750			974		17,542			5,957		(35,920		)	—
PROPERTY, PLANT AND EQUIPMENT - NET	—			15			—		520			218		—			753
GOODWILL	—			83			—		5,895			1,868		—			7,846
OTHER INTANGIBLE ASSETS - NET	—			25			—		2,025			687		—			2,737
DEFERRED INCOME TAXES	—			—			—		—			13		—			13
OTHER	—			20			—		92			43		—			155
TOTAL ASSETS	$	(4,303	)	$	19,064		$	975	$	27,171		$	11,185	$	(35,936	)	$	18,156
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt	$	—		$	76		$	—	$	1		$	3	$	—		$	80
Short-term borrowings - trade receivable securitization facility	—			—			—		—			350		—			350
Accounts payable	—			17			—		148			100		—			265
Accrued liabilities	—			2,158			4		240			253		—			2,655
Total current liabilities	—			2,251			4		389			706		—			3,350
LONG-TERM DEBT	—			17,383			492		42			35		—			17,952
DEFERRED INCOME TAXES	—			—			—		350			98		—			448
OTHER NON-CURRENT LIABILITIES	—			273			—		265			167		—			705
Total liabilities	—			19,907			496		1,046			1,006		—			22,455
TD GROUP STOCKHOLDERS' (DEFICIT) EQUITY	(4,303		)	(843		)	479		26,125			10,175		(35,936		)	(4,303		)
NONCONTROLLING INTERESTS	—			—			—		—			4		—			4
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	$	(4,303	)	$	19,064		$	975	$	27,171		$	11,185	$	(35,936	)	$	18,156

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 28, 2019

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK		Subsidiary Guarantors			Non- Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—		$	3,087		$	1	$	(15	)	$	1,121	$	—		$	4,194
Trade accounts receivable - Net	—			—			—		161			864		—			1,025
Inventories - Net	—			55			—		899			356		(16		)	1,294
Prepaid expenses and other	—			29			—		52			58		—			139
Total current assets	—			3,171			1		1,097			2,399		(16		)	6,652
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	(4,303		)	15,750			974		17,542			5,957		(35,920		)	—
PROPERTY, PLANT AND EQUIPMENT - NET	—			15			—		520			218		—			753
GOODWILL	—			83			—		5,895			1,868		—			7,846
OTHER INTANGIBLE ASSETS - NET	—			25			—		2,025			687		—			2,737
DEFERRED INCOME TAXES	—			—			—		—			13		—			13
OTHER	—			20			—		92			43		—			155
TOTAL ASSETS	$	(4,303	)	$	19,064		$	975	$	27,171		$	11,185	$	(35,936	)	$	18,156
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt	$	—		$	76		$	—	$	1		$	3	$	—		$	80
Short-term borrowings - trade receivable securitization facility	—			—			—		—			350		—			350
Accounts payable	—			17			—		148			100		—			265
Accrued liabilities	—			2,158			4		240			253		—			2,655
Total current liabilities	—			2,251			4		389			706		—			3,350
LONG-TERM DEBT	—			17,383			492		42			35		—			17,952
DEFERRED INCOME TAXES	—			—			—		350			98		—			448
OTHER NON-CURRENT LIABILITIES	—			273			—		265			167		—			705
Total liabilities	—			19,907			496		1,046			1,006		—			22,455
TD GROUP STOCKHOLDERS' (DEFICIT) EQUITY	(4,303		)	(843		)	479		26,125			10,175		(35,936		)	(4,303		)
NONCONTROLLING INTERESTS	—			—			—		—			4		—			4
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	$	(4,303	)	$	19,064		$	975	$	27,171		$	11,185	$	(35,936	)	$	18,156

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING BALANCE SHEET

AS OF SEPTEMBER 30, 2019

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK		Subsidiary Guarantors			Non- Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—		$	1,092		$	—	$	(12	)	$	387	$	—		$	1,467
Trade accounts receivable - Net	—			—			—		172			896		—			1,068
Inventories - Net	—			52			—		880			316		(15		)	1,233
Assets held-for-sale	—			—			—		206			756		—			962
Prepaid expenses and other	—			27			—		45			63		—			135
Total current assets	—			1,171			—		1,291			2,418		(15		)	4,865
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	(2,894		)	14,729			975		16,373			6,898		(36,081		)	—
PROPERTY, PLANT AND EQUIPMENT - NET	—			17			—		513			227		—			757
GOODWILL	—			83			—		5,544			2,193		—			7,820
OTHER INTANGIBLE ASSETS - NET	—			25			—		2,064			655		—			2,744
OTHER	—			6			—		35			28		—			69
TOTAL ASSETS	$	(2,894	)	$	16,031		$	975	$	25,820		$	12,419	$	(36,096	)	$	16,255
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt	$	—		$	76		$	—	$	1		$	3	$	—		$	80
Short-term borrowings - trade receivable securitization facility	—			—			—		—			350		—			350
Accounts payable	—			17			—		160			99		—			276
Accrued liabilities	—			215			12		237			211		—			675
Liabilities held-for-sale	—			—			—		22			135		—			157
Total current liabilities	—			308			12		420			798		—			1,538
LONG-TERM DEBT	—			15,893			492		49			35		—			16,469
DEFERRED INCOME TAXES	—			—			—		347			94		—			441
OTHER NON-CURRENT LIABILITIES	—			315			—		233			143		—			691
Total liabilities	—			16,516			504		1,049			1,070		—			19,139
TD GROUP STOCKHOLDERS' (DEFICIT) EQUITY	(2,894		)	(485		)	471		24,771			11,339		(36,096		)	(2,894		)
NONCONTROLLING INTERESTS	—			—			—		—			10		—			10
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	$	(2,894	)	$	16,031		$	975	$	25,820		$	12,419	$	(36,096	)	$	16,255

Supplemental Condensed Consolidating Income Statement

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

FOR THE THIRTEEN WEEK PERIOD ENDED DECEMBER 28, 2019

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Total Consolidated
NET SALES	$	—		$	45		$	—		$	1,130		$	347		$	(57	)	$	1,465
COST OF SALES	—			25			—			480			216			(57		)	664
GROSS PROFIT	—			20			—			650			131			—			801
SELLING AND ADMINISTRATIVE EXPENSES	—			54			—			97			50			—			201
AMORTIZATION OF INTANGIBLE ASSETS	—			—			—			30			10			—			40
(LOSS) INCOME FROM OPERATIONS	—			(34		)	—			523			71			—			560
INTEREST EXPENSE (INCOME) - NET	—			250			9			(5		)	(6		)	—			248
REFINANCING COSTS	—			22			—			—			—			—			22
OTHER (INCOME) EXPENSE	—			(3		)	(18		)	2			16			—			(3		)
EQUITY IN INCOME OF SUBSIDIARIES	(304		)	(493		)	—			—			—			797			—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	304			190			9			526			61			(797		)	293
INCOME TAX PROVISION	—			—			—			50			9			—			59
INCOME FROM CONTINUING OPERATIONS	304			190			9			476			52			(797		)	234
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX	—			114			—			—			(43		)	—			71
NET INCOME	304			304			9			476			9			(797		)	305
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			—			(1		)	—			(1		)
NET INCOME ATTRIBUTABLE TO TD GROUP	$	304		$	304		$	9		$	476		$	8		$	(797	)	$	304
OTHER COMPREHENSIVE INCOME, NET OF TAX	127			43			—			5			132			(180		)	127
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	$	431		$	347		$	9		$	481		$	140		$	(977	)	$	431

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

FOR THE THIRTEEN WEEK PERIOD ENDED DECEMBER 28, 2019

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Total Consolidated
NET SALES	$	—		$	45		$	—		$	1,130		$	347		$	(57	)	$	1,465
COST OF SALES	—			25			—			480			216			(57		)	664
GROSS PROFIT	—			20			—			650			131			—			801
SELLING AND ADMINISTRATIVE EXPENSES	—			54			—			97			50			—			201
AMORTIZATION OF INTANGIBLE ASSETS	—			—			—			30			10			—			40
(LOSS) INCOME FROM OPERATIONS	—			(34		)	—			523			71			—			560
INTEREST EXPENSE (INCOME) - NET	—			250			9			(5		)	(6		)	—			248
REFINANCING COSTS	—			22			—			—			—			—			22
OTHER (INCOME) EXPENSE	—			(3		)	(18		)	2			16			—			(3		)
EQUITY IN INCOME OF SUBSIDIARIES	(304		)	(493		)	—			—			—			797			—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	304			190			9			526			61			(797		)	293
INCOME TAX PROVISION	—			—			—			50			9			—			59
INCOME FROM CONTINUING OPERATIONS	304			190			9			476			52			(797		)	234
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX	—			114			—			—			(43		)	—			71
NET INCOME	304			304			9			476			9			(797		)	305
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			—			(1		)	—			(1		)
NET INCOME ATTRIBUTABLE TO TD GROUP	$	304		$	304		$	9		$	476		$	8		$	(797	)	$	304
OTHER COMPREHENSIVE INCOME, NET OF TAX	127			43			—			5			132			(180		)	127
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	$	431		$	347		$	9		$	481		$	140		$	(977	)	$	431

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF INCOME AND COMPREHENSIVE INCOME

FOR THE THIRTEEN WEEK PERIOD ENDED DECEMBER 29, 2018

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK			Subsidiary Guarantors		Non- Guarantor Subsidiaries			Eliminations			Total Consolidated
NET SALES	$	—		$	41		$	—		$	809	$	162		$	(19	)	$	993
COST OF SALES	—			23			—			338		87			(19		)	429
GROSS PROFIT	—			18			—			471		75			—			564
SELLING AND ADMINISTRATIVE EXPENSES	—			41			—			64		17			—			122
AMORTIZATION OF INTANGIBLE ASSETS	—			—			—			18		2			—			20
(LOSS) INCOME FROM OPERATIONS	—			(23		)	—			389		56			—			422
INTEREST EXPENSE (INCOME) - NET	—			177			5			—		(10		)	—			172
EQUITY IN INCOME OF SUBSIDIARIES	(196		)	(325		)	—			—		—			521			—
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	196			125			(5		)	389		66			(521		)	250
INCOME TAX PROVISION	—			(71		)	—			119		6			—			54
NET INCOME (LOSS) ATTRIBUTABLE TO TD GROUP	$	196		$	196		$	(5	)	$	270	$	60		$	(521	)	$	196
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX	(85		)	(74		)	—			12		(13		)	75			(85		)
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO TD GROUP	$	111		$	122		$	(5	)	$	282	$	47		$	(446	)	$	111

Supplemental Condensed Consolidating Cash Flow Statement

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE THIRTEEN WEEK PERIOD ENDED DECEMBER 28, 2019

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Total Consolidated
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	$	—		$	(80	)	$	(8	)	$	448		$	72		$	1		$	433
INVESTING ACTIVITIES:
Capital expenditures	—			(1		)	—			(22		)	(4		)	—			(27		)
Proceeds in connection with sale of discontinued operations, net	—			904			—			—			—			—			904
Net cash provided by (used in) investing activities	—			903			—			(22		)	(4		)	—			877
FINANCING ACTIVITIES:
Intercompany activities	44			(285		)	9			(429		)	662			(1		)	—
Proceeds from exercise of stock options	20			—			—			—			—			—			20
Dividend equivalent payments	(64		)	—			—			—			—			—			(64		)
Redemption of senior subordinated notes due 2022, net	—			(1,168		)	—			—			—			—			(1,168		)
Proceeds from 5.50% senior subordinated notes due 2027, net	—			2,625			—			—			—			—			2,625
Other, net	—			—			—			—			1			—			1
Net cash provided by (used in) financing activities	—			1,172			9			(429		)	663			(1		)	1,414
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			—			—			3			—			3
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			1,995			1			(3		)	734			—			2,727
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	—			1,092			—			(12		)	387			—			1,467
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	3,087		$	1		$	(15	)	$	1,121		$	—		$	4,194

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE THIRTEEN WEEK PERIOD ENDED DECEMBER 28, 2019

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Total Consolidated
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	$	—		$	(80	)	$	(8	)	$	448		$	72		$	1		$	433
INVESTING ACTIVITIES:
Capital expenditures	—			(1		)	—			(22		)	(4		)	—			(27		)
Proceeds in connection with sale of discontinued operations, net	—			904			—			—			—			—			904
Net cash provided by (used in) investing activities	—			903			—			(22		)	(4		)	—			877
FINANCING ACTIVITIES:
Intercompany activities	44			(285		)	9			(429		)	662			(1		)	—
Proceeds from exercise of stock options	20			—			—			—			—			—			20
Dividend equivalent payments	(64		)	—			—			—			—			—			(64		)
Redemption of senior subordinated notes due 2022, net	—			(1,168		)	—			—			—			—			(1,168		)
Proceeds from 5.50% senior subordinated notes due 2027, net	—			2,625			—			—			—			—			2,625
Other, net	—			—			—			—			1			—			1
Net cash provided by (used in) financing activities	—			1,172			9			(429		)	663			(1		)	1,414
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			—			—			3			—			3
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			1,995			1			(3		)	734			—			2,727
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	—			1,092			—			(12		)	387			—			1,467
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	3,087		$	1		$	(15	)	$	1,121		$	—		$	4,194

TRANSDIGM GROUP INCORPORATED

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE THIRTEEN WEEK PERIOD ENDED DECEMBER 29, 2018

(Amounts in millions)



	TransDigm Group			TransDigm Inc.			TransDigm UK		Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations		Total Consolidated
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	$	—		$	(19	)	$	—	$	285		$	64		$	—	$	330
INVESTING ACTIVITIES:
Capital expenditures	—			—			—		(20		)	(4		)	—		(24		)
Payments made in connection with acquisitions, net of cash acquired	—			—			—		(29		)	—			—		(29		)
Net cash used in investing activities	—			—			—		(49		)	(4		)	—		(53		)
FINANCING ACTIVITIES:
Intercompany activities	16			430			—		(235		)	(211		)	—		—
Proceeds from exercise of stock options	14			—			—		—			—			—		14
Dividend equivalent payments	(24		)	—			—		—			—			—		(24		)
Net cash provided by (used in) financing activities	6			430			—		(235		)	(211		)	—		(10		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			—		—			(3		)	—		(3		)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	6			411			—		1			(154		)	—		264
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	—			1,821			—		(2		)	254			—		2,073
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	6		$	2,232		$	—	$	(1	)	$	100		$	—	$	2,337

DESCRIPTION OF THE BUSINESS - Narratives (Details)	Dec. 28, 2019
Accounting Policies [Abstract]
Percentage of ownership in subsidiary	100.00%

ACQUISITIONS AND DIVESTITURES - Narratives (Details) - USD ($) $ / shares in Units, $ in Millions					3 Months Ended		12 Months Ended
	Sep. 20, 2019	Aug. 30, 2019	Mar. 14, 2019	Oct. 01, 2018	Dec. 28, 2019	Dec. 29, 2018	Sep. 30, 2019
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired					$ 0.0	$ 29.0
GOODWILL					7,846.0		$ 7,820.0
Esterline [Member]
Business Acquisition [Line Items]
Business Acquisition, Share Price			$ 122.50
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents			$ 398.2
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net			3,923.9
Payments to Acquire Businesses, Net of Cash Acquired			3,536.3
Restricted cash			387.6
GOODWILL			2,190.0
Amount of goodwill expected to be tax deductible			25.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			1,300.0
Business acquisition, Intangibles, Tax Deductible Amount			48.9
Loss Contingency Accrual			$ 268.4		222.5		231.8
Loss Contingency Accrual, Period Increase (Decrease)							9.1
Loss Contingency, Accrual, Current					71.9		60.0
Loss Contingency, Accrual, Noncurrent					$ 150.6		171.8
Stormscope [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 20.0
Amount of goodwill expected to be tax deductible		11.1
Business acquisition, Intangibles, Tax Deductible Amount		$ 7.5
Tax benefit recognition period (in years)		15 years
NavCom [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired				$ 27.0
Amount of goodwill expected to be tax deductible				$ 9.0
Tax benefit recognition period (in years)				15 years
Souriau Sunbank [Member]
Business Acquisition [Line Items]
Loss Contingency Accrual							9.3
Divestiture, Sale Price							$ 920.0
Esterline Interface Technology Group [Member]
Business Acquisition [Line Items]
Divestiture, Sale Price	$ 190.0
Minimum [Member]
Business Acquisition [Line Items]
Air Transportation Equipment Estimated Useful Life					25 years
Maximum [Member]
Business Acquisition [Line Items]
Air Transportation Equipment Estimated Useful Life					30 years

ACQUISITIONS AND DIVESTITURES - Business Combinations Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Dec. 28, 2019	Sep. 30, 2019	Mar. 14, 2019
Business Acquisition [Line Items]
Goodwill	$ 7,846.0	$ 7,820.0
Esterline [Member]
Business Acquisition [Line Items]
Current assets, excluding cash acquired			$ 387.0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory			589.0
Other			422.0
Property, plant, and equipment			469.0
Intangible assets			1,300.0
Goodwill			2,190.0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets			22.0
Total assets acquired			5,379.0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable			146.0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other			715.0
Other noncurrent liabilities			594.0
Total liabilities assumed			1,455.0
Net assets acquired			$ 3,923.9

RECENT ACCOUNTING PRONOUNCEMENTS - Narratives (Details) - USD ($) $ in Millions	Dec. 28, 2019	Oct. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset	$ 102	$ 99
Operating Lease, Liability	$ 108	$ 105

REVENUE (Details) - Accounting Standards Update 2014-09 $ in Millions	3 Months Ended
	Dec. 29, 2018 USD ($)
Cumulative Effect on Retained Earnings, Net of Tax	$ 3
Accumulated Deficit
Cumulative Effect on Retained Earnings, Net of Tax	$ 3

REVENUE Tables (Details) - USD ($)
$ in Millions

3 Months Ended

Dec. 28, 2019

Sep. 30, 2019

Contract with Customer, Asset, Net, Current

^[1]

$ 43

$ 44

Contract with Customer, Asset, Current, Increase or Decrease

^[1]

(1)

Inventories—Net

1,294

1,233

DEFERRED INCOME TAXES

448

441

Accumulated deficit

(4,699)

(3,120)

Contract with Customer, Asset, Net, Noncurrent

^[2]

Contract with customer, Asset, Non-current, Increase or Decrease

^[2]

(1)

Contract with Customer, Asset, after Allowance for Credit Loss

Contract assets, Increase or Decrease

(2)

Contract with Customer, Liability, Current

^[3]

Contract liabilities, Current, Increase or Decrease

^[3]

Contract with Customer, Liability, Noncurrent

^[4]

Contract liabilities, Non-current, Increase or Decrease

^[4]

Contract with Customer, Liability

Contract Liabilities, Increase or Decrease

Net Contract Asset

$ 20

Net Contract Asset, Increase or Decrease

$ (5)

[1]	Included in prepaid expenses and other on the condensed consolidated balance sheets.
[2]	Included in other non-current assets on the condensed consolidated balance sheets.
[3]	Included in accrued liabilities on the condensed consolidated balance sheets.
[4]	Included in other non-current liabilities on the condensed consolidated balance sheets.

EARNINGS PER SHARE (TWO-CLASS METHOD) - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Earnings Per Share [Abstract]
Income from continuing operations	$ 234	$ 196
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	(1)	0
Net income from continuing operations attributable to TD Group	233	196
Numerator for earnings per share:
Less: Special dividends declared or paid on participating securities	(185)	(24)
Net Income Loss Attributable to Continuing Operations Available To Common Stockholders Basic And Vested Options Deemed Participating Securities	48	172
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	71	0
Net income applicable to TD Group common stockholders - basic and diluted	$ 119	$ 172
Denominator for basic and diluted earnings per share under the two-class method, in shares:
Weighted-average common shares outstanding	53.6	52.8
Vested options deemed participating securities	3.8	3.5
Basic and diluted (in shares)	57.4	56.3
Earnings per share from continuing operations - basic and diluted	$ 0.83	$ 3.05
Earnings per share from discontinued operations - basic and diluted	1.24	0
Basic and diluted earnings per share (in dollars per share)	$ 2.07	$ 3.05

INVENTORIES - Schedule of Inventory (Details) - USD ($) $ in Millions	Dec. 28, 2019	Sep. 30, 2019
Inventory Disclosure [Abstract]
Raw materials and purchased component parts	$ 858	$ 805
Work-in-progress	373	360
Finished goods	197	192
Total	1,428	1,357
Reserves for excess and obsolete inventory	(134)	(124)
Inventories - Net	$ 1,294	$ 1,233

INTANGIBLE ASSETS - Intangible Assets Subject to Amortization (Details) - USD ($) $ in Millions	Dec. 28, 2019	Sep. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 3,351	$ 3,324
Intangible Assets, Accumulated Amortization	614	580
Total	2,737	2,744
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,840	1,806
Accumulated Amortization	519	496
Net	1,321	1,310
Order backlog
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	93	107
Accumulated Amortization	51	45
Net	42	62
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	443	438
Accumulated Amortization	35	30
Net	408	408
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	18	17
Accumulated Amortization	9	9
Net	9	8
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill), Gross	957	956
Indefinite-Lived Intangible Assets, Accumulated Amortization	0	0
Intangible Assets (Excluding Goodwill), Net	$ 957	$ 956

INTANGIBLE ASSETS - Summary of changes in carrying value of Goodwill (Details) $ in Millions	3 Months Ended
	Dec. 28, 2019 USD ($)
Goodwill [Roll Forward]
Balance at beginning of period	$ 7,820
Purchase price allocation adjustments	(3)
Currency translation adjustment	29
Balance at end of period	7,846
Power & Control
Goodwill [Roll Forward]
Balance at beginning of period	4,121
Purchase price allocation adjustments	(106)
Currency translation adjustment	12
Balance at end of period	4,027
Airframe
Goodwill [Roll Forward]
Balance at beginning of period	3,598
Purchase price allocation adjustments	106
Currency translation adjustment	16
Balance at end of period	3,720
Non- aviation
Goodwill [Roll Forward]
Balance at beginning of period	101
Purchase price allocation adjustments	(3)
Currency translation adjustment	1
Balance at end of period	$ 99

INTANGIBLE ASSETS - Narratives (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Finite-Lived Intangible Assets [Line Items]
Aggregate Amortization of Intangible Assets	$ 39,900	$ 20,000
Amortization of intangible assets	40,000	$ 20,000
Estimated Amortization Expense, 2020	171,900
Estimated Amortization Expense, 2021	115,200
Estimated Amortization Expense, 2022	114,700
Estimated Amortization Expense, 2023	114,700
Estimated Amortization Expense, 2024	$ 114,700

DEBT - Schedule of Debt (Detail) - USD ($)
$ in Millions

Dec. 28, 2019

Oct. 29, 2019

Sep. 30, 2019

Debt Instrument [Line Items]

Gross Amount

$ 18,207.0

$ 16,713.0

Debt Issuance Costs

(161.0)

(149.0)

Debt Instrument, Unamortized Discount (Premium), Net

(14.0)

(15.0)

Short-term borrowings—trade receivable securitization facility

350.0

Total debt outstanding

18,032.0

16,549.0

Long-term Debt, Current Maturities, Net

80.0

Long-term Debt, Excluding Current Maturities, Gross

18,126.0

16,632.0

Deferred Finance Costs, Excluding Current Maturities

(160.0)

(148.0)

Debt Instrument, Unamortized Discount, Excluding Current Maturities

(14.0)

(15.0)

Long-term debt

17,952.0

16,469.0

Term loans

Debt Instrument [Line Items]

Gross Amount

7,524.0

Debt Issuance Costs

(56.0)

(58.0)

Debt Instrument, Unamortized Discount (Premium), Net

(16.0)

(17.0)

Total debt outstanding

^[1]

$ 7,452.0

$ 7,449.0

Senior Subordinated Notes | 6.00% senior subordinated notes due 2022 (2022 Notes)

Debt Instrument [Line Items]

Interest rate

6.00%

Gross Amount

$ 1,150.0

Debt Issuance Costs

(4.0)

Debt Instrument, Unamortized Discount (Premium), Net

0.0

Total debt outstanding

^[1]

$ 0.0

$ 1,146.0

Senior Subordinated Notes | 6.50% senior subordinated notes due 2024 (2024 Notes)

Debt Instrument [Line Items]

Interest rate

6.50%

Gross Amount

$ 1,200.0

Debt Issuance Costs

(5.0)

(6.0)

Debt Instrument, Unamortized Discount (Premium), Net

0.0

Total debt outstanding

^[1]

$ 1,195.0

$ 1,194.0

Senior Subordinated Notes | 6.50% senior subordinated notes due 2025 (2025 Notes)

Debt Instrument [Line Items]

Interest rate

6.50%

Gross Amount

$ 750.0

Debt Issuance Costs

(3.0)

Debt Instrument, Unamortized Discount (Premium), Net

3.0

Total debt outstanding

^[1]

$ 750.0

Senior Subordinated Notes | 6.375% senior subordinated notes due 2026 (6.375% 2026 Notes)

Debt Instrument [Line Items]

Interest rate

6.375%

Gross Amount

$ 950.0

Debt Issuance Costs

(7.0)

Debt Instrument, Unamortized Discount (Premium), Net

0.0

Total debt outstanding

^[1]

$ 943.0

Senior Subordinated Notes | 6.875% senior subordinated noted due 2026 [Member]

Debt Instrument [Line Items]

Interest rate

6.875%

Gross Amount

$ 500.0

Debt Issuance Costs

(5.0)

(6.0)

Debt Instrument, Unamortized Discount (Premium), Net

(3.0)

Total debt outstanding

^[1]

$ 492.0

491.0

Senior Subordinated Notes | Senior Subordinated Notes $550M Due 2027 7.50% [Member]

Debt Instrument [Line Items]

Interest rate

7.50%

Gross Amount

$ 550.0

550.0

Debt Issuance Costs

(5.0)

Debt Instrument, Unamortized Discount (Premium), Net

0.0

Total debt outstanding

^[1]

545.0

Senior Subordinated Notes | Senior Subordinated Notes $2650M Due 2027 5.50% [Member]

Debt Instrument [Line Items]

Interest rate

5.50%

Gross Amount

2,650.0

$ 2,650.0

Debt Issuance Costs

(23.0)

Debt Instrument, Unamortized Discount (Premium), Net

0.0

Total debt outstanding

^[1]

$ 2,627.0

0.0

Senior Notes | Senior Secured Notes $4B Due 2026 6.25% [Member]

Debt Instrument [Line Items]

Interest rate

6.25%

Gross Amount

$ 4,000.0

4,000.0

Debt Issuance Costs

(57.0)

(60.0)

Debt Instrument, Unamortized Discount (Premium), Net

2.0

Total debt outstanding

3,945.0

3,942.0

Government Refundable Advances [Member]

Debt Instrument [Line Items]

Debt Issuance Costs

0.0

Debt Instrument, Unamortized Discount (Premium), Net

0.0

Total debt outstanding

31.0

39.0

Government refundable advances

31.3

39.2

Capital Lease Obligations [Member]

Debt Instrument [Line Items]

Debt Issuance Costs

0.0

Debt Instrument, Unamortized Discount (Premium), Net

0.0

Total debt outstanding

52.0

50.0

Capital Lease Obligations

51.9

49.9

Asset-backed Securities

Debt Instrument [Line Items]

Short-term borrowings—trade receivable securitization facility, Gross

350.0

Debt Issuance Costs

0.0

Debt Instrument, Unamortized Discount (Premium), Net

0.0

Short-term borrowings—trade receivable securitization facility

^[1]

350.0

Less current portion

Debt Instrument [Line Items]

Debt Issuance Costs

(1.0)

Debt Instrument, Unamortized Discount (Premium), Net

0.0

Original Issue Discount or Premium

0.0

Long-term Debt, Current Maturities, Gross

81.0

Long-term Debt, Current Maturities, Net

$ 80.0

[1]	The carrying amount of the debt instrument is presented net of debt issuance costs, premium and discount. Refer to Note 9, "Debt," for gross carrying amounts.

DEBT - Narratives (Details) - USD ($) $ in Millions		3 Months Ended
DEBT - Narratives (Details) - USD ($) $ in Millions	Oct. 29, 2019	Dec. 28, 2019	Sep. 30, 2019
Debt Instrument [Line Items]
Interest Payable, Current		$ 181.0	$ 92.6
Gross Amount		18,207.0	16,713.0
Senior Subordinated Notes \| Senior Subordinated Notes $2650M Due 2027 5.50% [Member]
Debt Instrument [Line Items]
Gross Amount	$ 2,650.0	2,650.0
Interest rate	5.50%
Debt Issuance Costs, Gross		23.6
Refinancing Costs		$ 1.1
Senior Subordinated Notes \| 6.00% senior subordinated notes due 2022 (2022 Notes)
Debt Instrument [Line Items]
Gross Amount			$ 1,150.0
Interest rate		6.00%	6.00%
Debt Instrument, Repurchased Face Amount	$ 1,150.0
Debt Instrument, Repurchase Amount	25.5
Write off of Deferred Debt Issuance Cost		$ 3.8
Early Redemption Premium	$ 17.3
Senior Subordinated Notes \| 6.875% senior subordinated noted due 2026 [Member]
Debt Instrument [Line Items]
Gross Amount		$ 500.0	$ 500.0
Interest rate		6.875%	6.875%
Senior Subordinated Notes \| Senior Subordinated Notes $550M Due 2027 7.50% [Member]
Debt Instrument [Line Items]
Gross Amount		$ 550.0	$ 550.0
Interest rate		7.50%
Senior Subordinated Notes \| 5.50% senior subordinated notes due 2020 (2020 Notes)
Debt Instrument [Line Items]
Interest rate			5.50%
Term loans
Debt Instrument [Line Items]
Gross Amount		$ 7,524.0	$ 7,524.0
Government Refundable Advances [Member]
Debt Instrument [Line Items]
Government refundable advances		31.3	39.2
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Capital Lease Obligations		$ 51.9	$ 49.9

INCOME TAXES - Narratives (Details) - USD ($) $ in Millions	3 Months Ended
INCOME TAXES - Narratives (Details) - USD ($) $ in Millions	Dec. 28, 2019	Dec. 29, 2018	Sep. 30, 2019
Effective income tax rate	20.10%	21.50%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Unrecognized tax benefits	$ 36.6		$ 36.5
Tax rate effect	31.9		$ 31.4
Reduction in tax position in next 12 months	$ 1.5

FAIR VALUE MEASUREMENTS - Carrying Amounts and Fair Values of Financial Instruments (Detail) - USD ($)
$ in Millions

Dec. 28, 2019

Sep. 30, 2019

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Cash and cash equivalents

$ 4,194.0

$ 1,467.0

Short-term borrowings—trade receivable securitization facility

350.0

Long-term Debt

18,032.0

16,549.0

Other Noncurrent Assets

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Interest Rate Cash Flow Hedge Asset at Carrying Value

^[1]

1.0

Prepaid Expenses and Other Current Assets [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Foreign Currency Contract, Asset

^[2]

1.0

0.0

Accrued Liabilities

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Foreign Currency Contract, Asset

^[3]

4.0

6.0

Interest rate swap agreements

^[3]

14.0

13.0

Other Noncurrent Liabilities

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Interest rate swap agreements

^[4]

169.0

202.0

Term loans

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term Debt

^[5]

7,452.0

7,449.0

Government Refundable Advances [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term Debt

31.0

39.0

Long-term debt, including current portion, Fair Value

31.0

39.0

Government refundable advances

31.3

39.2

Capital Lease Obligations [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term Debt

52.0

50.0

Capital Lease Obligations

51.9

49.9

Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Cash and cash equivalents, Fair Value

4,194.0

1,467.0

Level 2 | Other Noncurrent Assets

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Interest rate cap agreements, Fair Value

^[1]

1.0

Level 2 | Prepaid Expenses and Other Current Assets [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Foreign Currency Contract, Asset

^[2]

1.0

Level 2 | Accrued Liabilities

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Foreign Currency Contract, Asset

^[3]

4.0

6.0

Interest rate swap agreements, Fair Value

^[3]

14.0

13.0

Level 2 | Other Noncurrent Liabilities

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Interest rate swap agreements, Fair Value

^[4]

169.0

202.0

Level 2 | Term loans

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term debt, including current portion, Fair Value

^[5]

7,509.0

7,478.0

Level 2 | Capital Lease Obligations [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term debt, including current portion, Fair Value

52.0

50.0

6.00% senior subordinated notes due 2022 (2022 Notes) | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term Debt

^[5]

0.0

1,146.0

6.00% senior subordinated notes due 2022 (2022 Notes) | Level 1 | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term debt, including current portion, Fair Value

^[5]

0.0

1,167.0

6.50% senior subordinated notes due 2024 (2024 Notes) | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term Debt

^[5]

1,195.0

1,194.0

6.50% senior subordinated notes due 2024 (2024 Notes) | Level 1 | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term debt, including current portion, Fair Value

^[5]

1,236.0

1,239.0

6.50% senior subordinated notes due 2025 (2025 Notes) | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term Debt

^[5]

750.0

6.50% senior subordinated notes due 2025 (2025 Notes) | Level 1 | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term debt, including current portion, Fair Value

^[5]

781.0

782.0

6.375% senior subordinated notes due 2026 (6.375% 2026 Notes) | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term Debt

^[5]

943.0

6.375% senior subordinated notes due 2026 (6.375% 2026 Notes) | Level 1 | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term debt, including current portion, Fair Value

^[5]

1,007.0

999.0

6.875% senior subordinated noted due 2026 [Member] | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term Debt

^[5]

492.0

491.0

6.875% senior subordinated noted due 2026 [Member] | Level 1 | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term debt, including current portion, Fair Value

^[5]

536.0

535.0

Senior Secured Notes $4B Due 2026 6.25% [Member] | Secured Debt [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term Debt

^[5]

3,945.0

3,942.0

Senior Secured Notes $4B Due 2026 6.25% [Member] | Level 1 | Secured Debt [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term debt, including current portion, Fair Value

^[5]

4,325.0

4,290.0

Senior Subordinated Notes $550M Due 2027 7.50% [Member] | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term Debt

^[5]

545.0

Long-term debt, including current portion, Fair Value

^[5]

595.0

Senior Subordinated Notes $550M Due 2027 7.50% [Member] | Level 1 | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term debt, including current portion, Fair Value

^[5]

601.0

Senior Subordinated Notes $2650M Due 2027 5.50% [Member] | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term Debt

^[5]

2,627.0

0.0

Long-term debt, including current portion, Fair Value

^[5]

0.0

Senior Subordinated Notes $2650M Due 2027 5.50% [Member] | Level 1 | Senior Subordinated Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long-term debt, including current portion, Fair Value

^[5]

2,686.0

Asset-backed Securities

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Short-term borrowings—trade receivable securitization facility

^[5]

350.0

Asset-backed Securities | Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

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

^[5]

$ 350.0

[1]	Included in other non-current assets on the condensed consolidated balance sheets.
[2]	Included in prepaid expenses and other on the condensed consolidated balance sheets.
[3]	Included in accrued liabilities on the condensed consolidated balance sheets.
[4]	Included in other non-current liabilities on the condensed consolidated balance sheets.
[5]	The carrying amount of the debt instrument is presented net of debt issuance costs, premium and discount. Refer to Note 9, "Debt," for gross carrying amounts.

DERIVATIVES AND HEDGING ACTIVITIES - Schedule of Notional Amounts of Outstanding Derivatives (Details) - USD ($)
$ in Millions

3 Months Ended

Dec. 28, 2019

Dec. 29, 2018

Tranche F | Interest Rate Swap

Derivative [Line Items]

Derivative, Notional Amount

$ 1,000

Derivative, Fixed Interest Rate

4.90%

Derivative, Variable Interest Rate

2.40%

Derivative, Basis Spread on Variable Rate

2.50%

Tranche F | Interest rate swap June 28, 2016 [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 1,000

Tranche F | Interest rate swap beginning June 30, 2021 [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 1,400

Derivative, Fixed Interest Rate

5.50%

Derivative, Variable Interest Rate

3.00%

Derivative, Basis Spread on Variable Rate

2.50%

Tranche F | Interest Rate Cap

Derivative [Line Items]

Derivative, Cap Interest Rate

2.50%

Tranche F | Interest rate cap agreements beginning June 30, 2016 [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 400

Derivative, Cap Interest Rate

2.00%

Tranche E | Interest rate cap beginning September 30, 2015 [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 750

Derivative, Cap Interest Rate

2.50%

Tranche E | Interest rate cap beginning June 30, 2020 [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 750

Tranche E | Interest rate swap beginning March 31, 2016 [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 750

Derivative, Fixed Interest Rate

5.30%

Derivative, Variable Interest Rate

2.80%

Derivative, Basis Spread on Variable Rate

2.50%

Tranche E | Interest rate swap beginning June 29, 2018 [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 500

Derivative, Fixed Interest Rate

5.50%

Derivative, Variable Interest Rate

3.00%

Derivative, Basis Spread on Variable Rate

2.50%

Tranche E | Interest rate swap beginning June 30, 2020 [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 750

Derivative, Fixed Interest Rate

5.00%

Derivative, Variable Interest Rate

2.50%

Derivative, Basis Spread on Variable Rate

2.50%

Tranche E | Interest rate swap beginning June 30, 2022 [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 1,500

Derivative, Fixed Interest Rate

5.60%

Derivative, Variable Interest Rate

3.10%

Derivative, Basis Spread on Variable Rate

2.50%

Tranche G [Member] | Interest Rate Swap

Derivative [Line Items]

Derivative, Notional Amount

$ 500

Derivative, Fixed Interest Rate

4.40%

Derivative, Variable Interest Rate

1.90%

Derivative, Basis Spread on Variable Rate

2.50%

Tranche G [Member] | Interest Rate Cap

Derivative [Line Items]

Derivative, Notional Amount

$ 400

Tranche G [Member] | Interest rate swap beginning September 30, 2017 [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 400

Derivative, Fixed Interest Rate

4.40%

Derivative, Variable Interest Rate

1.90%

Derivative, Basis Spread on Variable Rate

2.50%

Tranche G [Member] | Interest rate swap beginning December 31, 2021 [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 900

Derivative, Fixed Interest Rate

5.60%

Derivative, Variable Interest Rate

3.10%

Derivative, Basis Spread on Variable Rate

2.50%

Tranche G [Member] | Interest rate swap beginning September 30, 2022 [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 400

Derivative, Fixed Interest Rate

5.50%

Derivative, Variable Interest Rate

3.00%

Derivative, Basis Spread on Variable Rate

2.50%

Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges (1) | Reclassification out of Accumulated Other Comprehensive Income [Member]

Derivative [Line Items]

Interest Expense

^[1]

$ (1)

[1]	This component of accumulated other comprehensive (loss) income is included in interest expense (see Note 12, “Derivatives and Hedging Activities,” for additional information).

DERIVATIVES AND HEDGING ACTIVITIES - Schedule of Interest Rate Derivatives (Details) - USD ($)
$ in Millions

Dec. 28, 2019

Sep. 30, 2019

Derivative [Line Items]

Derivative Asset, Fair Value, Gross Asset

^[1]

$ 1

Derivative Asset, Fair Value, Gross Liability

^[1]

(183)

(216)

Interest Rate Cap

Derivative [Line Items]

Derivative Asset, Fair Value, Gross Asset

Derivative Asset, Fair Value, Gross Liability

Interest Rate Swap

Derivative [Line Items]

Derivative Asset, Fair Value, Gross Asset

^[2]

Derivative Asset, Fair Value, Gross Liability

^[2]

$ (183)

$ (216)

[1]	Refer to Note 11, "Fair Value Measurements," for the condensed consolidated balance sheet classification of our interest rate swap and cap agreements.
[2]	The decrease in the interest rate swap liability is primarily attributable to a upward trend in the LIBO rate during the first quarter of fiscal 2020.

DERIVATIVES AND HEDGING ACTIVITIES - Narratives (Details) - USD ($)
$ in Millions

3 Months Ended

Dec. 28, 2019

Dec. 29, 2018

Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges (1) | Reclassification out of Accumulated Other Comprehensive Income [Member]

Derivative [Line Items]

Interest Expense

^[1]

$ (1.0)

December 30, 2017 Redesignation [Member] | Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges (1) | Reclassification out of Accumulated Other Comprehensive Income [Member]

Derivative [Line Items]

Interest Expense

1.1

September 30, 2016 Redesignation [Member] | Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges (1) | Reclassification out of Accumulated Other Comprehensive Income [Member]

Derivative [Line Items]

Interest Expense

5.0

1.1

March 31, 2018 Redesignation [Member] | Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges (1) | Reclassification out of Accumulated Other Comprehensive Income [Member]

Derivative [Line Items]

Interest Income, Other

$ 2.8

$ 0.7

Interest Rate Swap and Cap

Derivative [Line Items]

Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer

12 months

Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred

$ 17.0

Interest Rate Cap

Derivative [Line Items]

Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Gross Amount to be Transferred

4.8

Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Tax to be Transferred

$ 1.1

Interest Rate Cap | Tranche F

Derivative [Line Items]

Derivative, Cap Interest Rate

2.50%

Interest Rate Cap | Tranche G [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 400.0

Interest rate swap beginning June 30, 2020 [Member] | Tranche E

Derivative [Line Items]

Derivative, Notional Amount

$ 750.0

Derivative, Fixed Interest Rate

5.00%

Derivative, Variable Interest Rate

2.50%

Derivative, Basis Spread on Variable Rate

2.50%

Interest rate cap beginning September 30, 2015 [Member] | Tranche E

Derivative [Line Items]

Derivative, Notional Amount

$ 750.0

Derivative, Cap Interest Rate

2.50%

Interest rate cap agreements beginning June 30, 2016 [Member] | Tranche F

Derivative [Line Items]

Derivative, Notional Amount

$ 400.0

Derivative, Cap Interest Rate

2.00%

Interest Rate Swap | Tranche F

Derivative [Line Items]

Derivative, Notional Amount

$ 1,000.0

Derivative, Fixed Interest Rate

4.90%

Derivative, Variable Interest Rate

2.40%

Derivative, Basis Spread on Variable Rate

2.50%

Interest Rate Swap | Tranche G [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 500.0

Derivative, Fixed Interest Rate

4.40%

Derivative, Variable Interest Rate

1.90%

Derivative, Basis Spread on Variable Rate

2.50%

Interest Rate Swap | December 30, 2017 Redesignation [Member]

Derivative [Line Items]

Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Gross Amount to be Transferred

$ 2.0

Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Tax to be Transferred

0.5

Interest Rate Swap | March 31, 2018 Redesignation [Member]

Derivative [Line Items]

Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Gross Amount to be Transferred

7.9

Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Tax to be Transferred

1.9

Interest rate swap beginning September 30, 2017 [Member] | Tranche G [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 400.0

Derivative, Fixed Interest Rate

4.40%

Derivative, Variable Interest Rate

1.90%

Derivative, Basis Spread on Variable Rate

2.50%

Interest rate swap June 28, 2016 [Member] | Tranche F

Derivative [Line Items]

Derivative, Fixed Interest Rate

4.30%

Derivative, Variable Interest Rate

1.80%

Derivative, Basis Spread on Variable Rate

2.50%

Interest rate swap beginning March 31, 2016 [Member] | Tranche E

Derivative [Line Items]

Derivative, Notional Amount

$ 750.0

Derivative, Fixed Interest Rate

5.30%

Derivative, Variable Interest Rate

2.80%

Derivative, Basis Spread on Variable Rate

2.50%

Foreign Exchange Forward [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 191.9

Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Gross Amount to be Transferred

3.0

Selling, General and Administrative Expenses [Member]

Derivative [Line Items]

Gain (Loss) on foreign currency contracts not designated as accounting hedges

0.4

Sales [Member]

Derivative [Line Items]

Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net

$ 0.2

[1]	This component of accumulated other comprehensive (loss) income is included in interest expense (see Note 12, “Derivatives and Hedging Activities,” for additional information).

SEGMENTS - Narratives (Details)	3 Months Ended
SEGMENTS - Narratives (Details)	Dec. 28, 2019 Segment
Segment Reporting [Abstract]
Number of reporting segments	3

SEGMENTS - Net Sales by Reportable Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Segment Reporting Information [Line Items]
NET SALES	$ 1,465	$ 993
Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	752	560
Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	674	399
Operating Segments \| Non- aviation
Segment Reporting Information [Line Items]
NET SALES	39	34
Commercial OEM [Member] \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	184	133
Commercial OEM [Member] \| Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	230	133
Commercial Aftermarket [Member] \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	220	157
Commercial Aftermarket [Member] \| Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	245	177
Defense [Member] \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	348	270
Defense [Member] \| Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	$ 199	$ 89

SEGMENTS - EBITDA Defined by Segment to Consolidated Income Before Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	$ 681	$ 487
Interest expense - net	248	172
Stock compensation expense	26	18
Refinancing Costs	22	0
Income from continuing operations before income taxes	293	250
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	703	502
Operating Segments \| Power & Control
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	385	300
Operating Segments \| Airframe
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	305	191
Operating Segments \| Non- aviation
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	13	11
Corporate, Non-Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	22	15
Segment Reconciling Items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Depreciation and amortization expense	69	35
Interest expense - net	248	172
Acquisition-related costs	7	12
Stock compensation expense	26	18
Refinancing Costs		0
Other, net	$ 16	$ 0

SEGMENTS - Total Assets by Segment (Details) - USD ($) $ in Millions	Dec. 28, 2019	Sep. 30, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 18,156	$ 16,255
Operating Segments \| Power & Control
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	7,070	7,037
Operating Segments \| Airframe
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	6,838	6,672
Operating Segments \| Non- aviation
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	262	262
Corporate, Non-Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	3,986	1,322
Discontinued Operations, Held-for-sale [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 0	$ 962

RETIREMENT BENEFITS Tables (Details) - Pension Plan [Member] - USD ($) $ in Thousands	3 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
UNITED STATES
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Service Cost	$ 2,000	$ 1,000
Defined Benefit Plan, Interest Cost	3,000	2,000
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(5,000)	(3,000)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	0	0
Foreign Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Service Cost	1,000	1,000
Defined Benefit Plan, Interest Cost	1,000	1,000
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(1,000)	(1,000)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 1,000	$ 1,000

ACCUMULATED OTHER COMPREHENSIVE LOSS - Narratives (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 2.1
Other Comprehensive Loss, Derivatives Qualifying as Hedges, Tax	$ (9.8)	$ 22.3

ACCUMULATED OTHER COMPREHENSIVE LOSS - Schedule of Accumulated Other Comprehensive Loss (Details)
$ in Millions

3 Months Ended

Dec. 28, 2019

USD ($)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Balance at beginning of period

$ (379)

Current-period other comprehensive gain

127

Balance at end of period

(252)

Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges (1)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Balance at beginning of period

(172)

^[1]

Current-period other comprehensive gain

^[1]

Balance at end of period

(149)

^[1]

Defined benefit pension plan activity (2)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Balance at beginning of period

(40)

^[2]

Current-period other comprehensive gain

^[2]

Balance at end of period

(34)

^[2]

Currency translation adjustment

Accumulated Other Comprehensive Income (Loss) [Line Items]

Balance at beginning of period

(167)

Current-period other comprehensive gain

Balance at end of period

$ (69)

[1]	Unrealized gain represents derivative instruments, net of taxes of $(9.8) million and $22.3 million for the thirteen week periods ended December 28, 2019 and December 29, 2018, respectively
[2]	Defined benefit pension plan and other post-retirement plan activity represents pension liability adjustments, net of taxes of $2.1 million for the thirteen week period ended December 28, 2019. There were no material pension liability adjustments, net of taxes for the thirteen week period ended December 29, 2018.

ACCUMULATED OTHER COMPREHENSIVE LOSS - Schedule of Amounts Recognized in Other Comprehensive Loss (Details) - USD ($)
$ in Millions

3 Months Ended

Dec. 28, 2019

Dec. 29, 2018

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Deferred tax benefit on reclassifications out of accumulated other comprehensive (loss) income

$ (59)

$ (54)

Losses reclassified into earnings, net of tax

305

196

Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges (1) | Reclassification out of Accumulated Other Comprehensive Income [Member]

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Amortization from redesignated interest rate swap and cap agreements (1)

^[1]

Losses from settlement of foreign currency forward contracts

^[2]

(1)

Losses reclassified into earnings, net of tax

$ 0

$ 1

[1]	This component of accumulated other comprehensive (loss) income is included in interest expense (see Note 12, “Derivatives and Hedging Activities,” for additional information).
[2]	This component of accumulated other comprehensive (loss) income is included in net sales (see Note 12, “Derivatives and Hedging Activities,” for additional information).

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

+ Details

LEASES Components of Lease Expense (Details) $ in Millions	3 Months Ended
LEASES Components of Lease Expense (Details) $ in Millions	Dec. 28, 2019 USD ($)
Leases [Abstract]
Operating Lease, Cost	$ 7
Finance Lease, Right-of-Use Asset, Amortization	1
Finance Lease, Interest Expense	1
Lease, Cost	$ 9

LEASES Supplemental Cash Flow Information Related To Leases (Details) $ in Millions	3 Months Ended
	Dec. 28, 2019 USD ($)
Leases [Abstract]
Operating Lease, Payments	$ 7
Finance Lease, Principal Payments	1
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 10

LEASES Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Millions	Dec. 28, 2019	Oct. 01, 2019
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	6 years 6 months
Operating Lease, Right-of-Use Asset	$ 102	$ 99
Operating Lease, Liability, Current	21
Operating Lease, Liability, Noncurrent	87
Operating Lease, Liability	108	$ 105
Finance Lease, Right-of-Use Asset	70
Finance Lease, Liability, Current	1
Finance Lease, Liability, Noncurrent	51
Finance Lease, Liability	$ 52
Finance Lease, Weighted Average Remaining Lease Term	18 years 1 month 6 days
Operating Lease, Weighted Average Discount Rate, Percent	6.20%
Finance Lease, Weighted Average Discount Rate, Percent	7.90%

LEASES Maturities of Lease Liabilities Operating and Financing (Details) - USD ($) $ in Millions	Dec. 28, 2019	Oct. 01, 2019
Leases [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 20
Capital Leases, Future Minimum Payments Due, Next Twelve Months	4
Operating Leases, Future Minimum Payments, Due in Two Years	24
Capital Leases, Future Minimum Payments Due in Two Years	5
Operating Leases, Future Minimum Payments, Due in Three Years	20
Capital Leases, Future Minimum Payments Due in Three Years	5
Operating Leases, Future Minimum Payments, Due in Four Years	16
Capital Leases, Future Minimum Payments Due in Four Years	5
Operating Leases, Future Minimum Payments, Due in Five Years	14
Capital Leases, Future Minimum Payments Due in Five Years	6
Operating Leases, Future Minimum Payments, Due Thereafter	38
Capital Leases, Future Minimum Payments Due Thereafter	76
Operating Leases, Future Minimum Payments Due	132
Capital Leases, Future Minimum Payments Due	101
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	24
Capital Leases, Future Minimum Payments, Interest Included in Payments	49
Operating Lease, Liability	108	$ 105
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments	$ 52

LEASES Maturities of Lease Liabilities (Details) $ in Millions	Dec. 28, 2019 USD ($)
Leases [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 20
Operating Leases, Future Minimum Payments, Due in Two Years	25
Operating Leases, Future Minimum Payments, Due in Three Years	21
Operating Leases, Future Minimum Payments, Due in Four Years	17
Operating Leases, Future Minimum Payments, Due in Five Years	14
Operating Leases, Future Minimum Payments, Due Thereafter	39
Operating Leases, Future Minimum Payments Due	$ 136

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Dec. 28, 2019 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Insurance deductible	$ 1

DISCONTINUED OPERATIONS Narrative (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
	Sep. 20, 2019	Dec. 28, 2019	Dec. 29, 2018	Sep. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX		$ 71	$ 0
Disposal Group, Including Discontinued Operation, Assets, Current		0		$ 962
Disposal Group, Including Discontinued Operation, Liabilities, Current		0		157
Souriau Sunbank [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax		62
Divestiture, Sale Price				920
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX		71
Disposal Group, Including Discontinued Operation, Assets, Current				962
Disposal Group, Including Discontinued Operation, Liabilities, Current				$ 157
Income (loss) from discontinued operations before gain or loss on disposal net of tax		$ 9
Esterline Interface Technology Group [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Divestiture, Sale Price	$ 190

- Definition

Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References + Details

DISCONTINUED OPERATIONS Schedule of Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Sep. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 1,465	$ 993
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	71	$ 0
Disposal Group, Including Discontinued Operation, Assets, Current	0		$ 962
Disposal Group, Including Discontinued Operation, Liabilities, Current	0		157
Souriau Sunbank [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents			29
Revenues	79
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	13
Discontinued Operation, Tax Effect of Discontinued Operation	4
Income (loss) from discontinued operations before gain or loss on disposal net of tax	9
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	62
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	$ 71
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net			67
Disposal Group, Including Discontinued Operation, Inventory			88
Disposal Group, Including Discontinued Operation, Prepaid and Other Assets			2
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment			101
Disposal Group, Including Discontinued Operation, Goodwill			480
Disposal Group, Including Discontinued Operation, Intangible Assets			194
Disposal Group, Including Discontinued Operation, Other Assets			1
Disposal Group, Including Discontinued Operation, Assets, Current			962
Disposal Group, Including Discontinued Operation, Accounts Payable			33
Disposal Group, Including Discontinued Operation, Accrued Liabilities			55
Disposal Group, including discontinued operations, Long-term Debt			6
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities			42
Disposal Group, Including Discontinued Operation, Other Liabilities			21
Disposal Group, Including Discontinued Operation, Liabilities, Current			$ 157

SUPPLEMENTAL GUARANTOR INFORMATION - Supplemental Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions	Dec. 28, 2019	Sep. 30, 2019
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 4,194	$ 1,467
Trade accounts receivable—Net	1,025	1,068
Inventories—Net	1,294	1,233
Assets held-for-sale	0	962
Prepaid expenses and other	139	135
Total current assets	6,652	4,865
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	0	0
PROPERTY, PLANT AND EQUIPMENT—NET	753	757
GOODWILL	7,846	7,820
OTHER INTANGIBLE ASSETS—NET	2,737	2,744
DEFERRED INCOME TAXES	13
OTHER	155	69
TOTAL ASSETS	18,156	16,255
Current portion of long-term debt	80	80
Short-term borrowings—trade receivable securitization facility	350	350
Accounts payable	265	276
Accrued liabilities	2,655	675
Liabilities held-for-sale	0	157
Total current liabilities	3,350	1,538
LONG-TERM DEBT	17,952	16,469
DEFERRED INCOME TAXES	448	441
OTHER NON-CURRENT LIABILITIES	705	691
Total liabilities	22,455	19,139
TD GROUP STOCKHOLDERS' (DEFICIT) EQUITY	(4,303)	(2,894)
NONCONTROLLING INTERESTS	4	10
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	18,156	16,255
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0
Trade accounts receivable—Net	0	0
Inventories—Net	(16)	(15)
Assets held-for-sale		0
Prepaid expenses and other	0	0
Total current assets	(16)	(15)
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	(35,920)	(36,081)
PROPERTY, PLANT AND EQUIPMENT—NET	0	0
GOODWILL	0	0
OTHER INTANGIBLE ASSETS—NET	0	0
DEFERRED INCOME TAXES	0
OTHER	0	0
TOTAL ASSETS	(35,936)	(36,096)
Current portion of long-term debt	0	0
Short-term borrowings—trade receivable securitization facility	0	0
Accounts payable	0	0
Accrued liabilities	0	0
Liabilities held-for-sale		0
Total current liabilities	0	0
LONG-TERM DEBT	0	0
DEFERRED INCOME TAXES	0	0
OTHER NON-CURRENT LIABILITIES	0	0
Total liabilities	0	0
TD GROUP STOCKHOLDERS' (DEFICIT) EQUITY	(35,936)	(36,096)
NONCONTROLLING INTERESTS	0	0
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	(35,936)	(36,096)
TransDigm Group
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0
Trade accounts receivable—Net	0	0
Inventories—Net	0	0
Assets held-for-sale		0
Prepaid expenses and other	0	0
Total current assets	0	0
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	(4,303)	(2,894)
PROPERTY, PLANT AND EQUIPMENT—NET	0	0
GOODWILL	0	0
OTHER INTANGIBLE ASSETS—NET	0	0
DEFERRED INCOME TAXES	0
OTHER	0	0
TOTAL ASSETS	(4,303)	(2,894)
Current portion of long-term debt	0	0
Short-term borrowings—trade receivable securitization facility	0	0
Accounts payable	0	0
Accrued liabilities	0	0
Liabilities held-for-sale		0
Total current liabilities	0	0
LONG-TERM DEBT	0	0
DEFERRED INCOME TAXES	0	0
OTHER NON-CURRENT LIABILITIES	0	0
Total liabilities	0	0
TD GROUP STOCKHOLDERS' (DEFICIT) EQUITY	(4,303)	(2,894)
NONCONTROLLING INTERESTS	0	0
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	(4,303)	(2,894)
TransDigm Inc.
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	3,087	1,092
Trade accounts receivable—Net	0	0
Inventories—Net	55	52
Assets held-for-sale		0
Prepaid expenses and other	29	27
Total current assets	3,171	1,171
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	15,750	14,729
PROPERTY, PLANT AND EQUIPMENT—NET	15	17
GOODWILL	83	83
OTHER INTANGIBLE ASSETS—NET	25	25
DEFERRED INCOME TAXES	0
OTHER	20	6
TOTAL ASSETS	19,064	16,031
Current portion of long-term debt	76	76
Short-term borrowings—trade receivable securitization facility	0	0
Accounts payable	17	17
Accrued liabilities	2,158	215
Liabilities held-for-sale		0
Total current liabilities	2,251	308
LONG-TERM DEBT	17,383	15,893
DEFERRED INCOME TAXES	0	0
OTHER NON-CURRENT LIABILITIES	273	315
Total liabilities	19,907	16,516
TD GROUP STOCKHOLDERS' (DEFICIT) EQUITY	(843)	(485)
NONCONTROLLING INTERESTS	0	0
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	19,064	16,031
TransDigm UK [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	1	0
Trade accounts receivable—Net	0	0
Inventories—Net	0	0
Assets held-for-sale		0
Prepaid expenses and other	0	0
Total current assets	1	0
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	974	975
PROPERTY, PLANT AND EQUIPMENT—NET	0	0
GOODWILL	0	0
OTHER INTANGIBLE ASSETS—NET	0	0
DEFERRED INCOME TAXES	0
OTHER	0	0
TOTAL ASSETS	975	975
Current portion of long-term debt	0	0
Short-term borrowings—trade receivable securitization facility	0	0
Accounts payable	0	0
Accrued liabilities	4	12
Liabilities held-for-sale		0
Total current liabilities	4	12
LONG-TERM DEBT	492	492
DEFERRED INCOME TAXES	0	0
OTHER NON-CURRENT LIABILITIES	0	0
Total liabilities	496	504
TD GROUP STOCKHOLDERS' (DEFICIT) EQUITY	479	471
NONCONTROLLING INTERESTS	0	0
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	975	975
Subsidiary Guarantors
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	(15)	(12)
Trade accounts receivable—Net	161	172
Inventories—Net	899	880
Assets held-for-sale		206
Prepaid expenses and other	52	45
Total current assets	1,097	1,291
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	17,542	16,373
PROPERTY, PLANT AND EQUIPMENT—NET	520	513
GOODWILL	5,895	5,544
OTHER INTANGIBLE ASSETS—NET	2,025	2,064
DEFERRED INCOME TAXES	0
OTHER	92	35
TOTAL ASSETS	27,171	25,820
Current portion of long-term debt	1	1
Short-term borrowings—trade receivable securitization facility	0	0
Accounts payable	148	160
Accrued liabilities	240	237
Liabilities held-for-sale		22
Total current liabilities	389	420
LONG-TERM DEBT	42	49
DEFERRED INCOME TAXES	350	347
OTHER NON-CURRENT LIABILITIES	265	233
Total liabilities	1,046	1,049
TD GROUP STOCKHOLDERS' (DEFICIT) EQUITY	26,125	24,771
NONCONTROLLING INTERESTS	0	0
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	27,171	25,820
Non- Guarantor Subsidiaries
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	1,121	387
Trade accounts receivable—Net	864	896
Inventories—Net	356	316
Assets held-for-sale		756
Prepaid expenses and other	58	63
Total current assets	2,399	2,418
INVESTMENT IN SUBSIDIARIES AND INTERCOMPANY BALANCES	5,957	6,898
PROPERTY, PLANT AND EQUIPMENT—NET	218	227
GOODWILL	1,868	2,193
OTHER INTANGIBLE ASSETS—NET	687	655
DEFERRED INCOME TAXES	13
OTHER	43	28
TOTAL ASSETS	11,185	12,419
Current portion of long-term debt	3	3
Short-term borrowings—trade receivable securitization facility	350	350
Accounts payable	100	99
Accrued liabilities	253	211
Liabilities held-for-sale		135
Total current liabilities	706	798
LONG-TERM DEBT	35	35
DEFERRED INCOME TAXES	98	94
OTHER NON-CURRENT LIABILITIES	167	143
Total liabilities	1,006	1,070
TD GROUP STOCKHOLDERS' (DEFICIT) EQUITY	10,175	11,339
NONCONTROLLING INTERESTS	4	10
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	$ 11,185	$ 12,419

SUPPLEMENTAL GUARANTOR INFORMATION - Supplemental Condensed Consolidating Income Statement (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Condensed Income Statements, Captions [Line Items]
Net Income	$ 305	$ 196
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	(1)	0
NET SALES	1,465	993
COST OF SALES	664	429
GROSS PROFIT	801	564
SELLING AND ADMINISTRATIVE EXPENSES	201	122
AMORTIZATION OF INTANGIBLE ASSETS	40	20
(LOSS) INCOME FROM OPERATIONS	560	422
INTEREST EXPENSE - NET	248	172
REFINANCING COSTS	22	0
OTHER INCOME	(3)	0
EQUITY IN INCOME OF SUBSIDIARIES	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	293	250
INCOME TAX PROVISION	59	54
INCOME FROM CONTINUING OPERATIONS	234	196
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	71	0
NET INCOME ATTRIBUTABLE TO TD GROUP	304	196
OTHER COMPREHENSIVE INCOME, NET OF TAX	127	(85)
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	431	111
Eliminations
Condensed Income Statements, Captions [Line Items]
Net Income	(797)
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0
NET SALES	(57)	(19)
COST OF SALES	(57)	(19)
GROSS PROFIT	0	0
SELLING AND ADMINISTRATIVE EXPENSES	0	0
AMORTIZATION OF INTANGIBLE ASSETS	0	0
(LOSS) INCOME FROM OPERATIONS	0	0
INTEREST EXPENSE - NET	0	0
REFINANCING COSTS	0
OTHER INCOME	0
EQUITY IN INCOME OF SUBSIDIARIES	797	521
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(797)	(521)
INCOME TAX PROVISION	0	0
INCOME FROM CONTINUING OPERATIONS	(797)
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	0
NET INCOME ATTRIBUTABLE TO TD GROUP	(797)	(521)
OTHER COMPREHENSIVE INCOME, NET OF TAX	(180)	75
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	(977)	(446)
TransDigm Group
Condensed Income Statements, Captions [Line Items]
Net Income	304
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0
NET SALES	0	0
COST OF SALES	0	0
GROSS PROFIT	0	0
SELLING AND ADMINISTRATIVE EXPENSES	0	0
AMORTIZATION OF INTANGIBLE ASSETS	0	0
(LOSS) INCOME FROM OPERATIONS	0	0
INTEREST EXPENSE - NET	0	0
REFINANCING COSTS	0
OTHER INCOME	0
EQUITY IN INCOME OF SUBSIDIARIES	(304)	(196)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	304	196
INCOME TAX PROVISION	0	0
INCOME FROM CONTINUING OPERATIONS	304
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	0
NET INCOME ATTRIBUTABLE TO TD GROUP	304	196
OTHER COMPREHENSIVE INCOME, NET OF TAX	127	(85)
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	431	111
TransDigm Inc.
Condensed Income Statements, Captions [Line Items]
Net Income	304
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0
NET SALES	45	41
COST OF SALES	25	23
GROSS PROFIT	20	18
SELLING AND ADMINISTRATIVE EXPENSES	54	41
AMORTIZATION OF INTANGIBLE ASSETS	0	0
(LOSS) INCOME FROM OPERATIONS	(34)	(23)
INTEREST EXPENSE - NET	250	177
REFINANCING COSTS	22
OTHER INCOME	(3)
EQUITY IN INCOME OF SUBSIDIARIES	(493)	(325)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	190	125
INCOME TAX PROVISION	0	(71)
INCOME FROM CONTINUING OPERATIONS	190
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	114
NET INCOME ATTRIBUTABLE TO TD GROUP	304	196
OTHER COMPREHENSIVE INCOME, NET OF TAX	43	(74)
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	347	122
TransDigm UK [Member]
Condensed Income Statements, Captions [Line Items]
Net Income	9
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0
NET SALES	0	0
COST OF SALES	0	0
GROSS PROFIT	0	0
SELLING AND ADMINISTRATIVE EXPENSES	0	0
AMORTIZATION OF INTANGIBLE ASSETS	0	0
(LOSS) INCOME FROM OPERATIONS	0	0
INTEREST EXPENSE - NET	9	5
REFINANCING COSTS	0
OTHER INCOME	(18)
EQUITY IN INCOME OF SUBSIDIARIES	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	9	(5)
INCOME TAX PROVISION	0	0
INCOME FROM CONTINUING OPERATIONS	9
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	0
NET INCOME ATTRIBUTABLE TO TD GROUP	9	(5)
OTHER COMPREHENSIVE INCOME, NET OF TAX	0	0
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	9	(5)
Subsidiary Guarantors
Condensed Income Statements, Captions [Line Items]
Net Income	476
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0
NET SALES	1,130	809
COST OF SALES	480	338
GROSS PROFIT	650	471
SELLING AND ADMINISTRATIVE EXPENSES	97	64
AMORTIZATION OF INTANGIBLE ASSETS	30	18
(LOSS) INCOME FROM OPERATIONS	523	389
INTEREST EXPENSE - NET	(5)	0
REFINANCING COSTS	0
OTHER INCOME	2
EQUITY IN INCOME OF SUBSIDIARIES	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	526	389
INCOME TAX PROVISION	50	119
INCOME FROM CONTINUING OPERATIONS	476
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	0
NET INCOME ATTRIBUTABLE TO TD GROUP	476	270
OTHER COMPREHENSIVE INCOME, NET OF TAX	5	12
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	481	282
Non- Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Net Income	9
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	(1)
NET SALES	347	162
COST OF SALES	216	87
GROSS PROFIT	131	75
SELLING AND ADMINISTRATIVE EXPENSES	50	17
AMORTIZATION OF INTANGIBLE ASSETS	10	2
(LOSS) INCOME FROM OPERATIONS	71	56
INTEREST EXPENSE - NET	(6)	(10)
REFINANCING COSTS	0
OTHER INCOME	16
EQUITY IN INCOME OF SUBSIDIARIES	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	61	66
INCOME TAX PROVISION	9	6
INCOME FROM CONTINUING OPERATIONS	52
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	(43)
NET INCOME ATTRIBUTABLE TO TD GROUP	8	60
OTHER COMPREHENSIVE INCOME, NET OF TAX	132	(13)
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	$ 140	$ 47

SUPPLEMENTAL GUARANTOR INFORMATION - Supplemental Condensed Consolidating Cash Flow Statement (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	$ 433	$ 330
Capital expenditures	(27)	(24)
Payments made in connection with acquisitions, net of cash acquired	0	(29)
Proceeds in connection with the sale of discontinued operations, net	904	0
Net cash provided by (used in) investing activities	877	(53)
Intercompany activities	0	0
Proceeds from exercise of stock options	20	14
Dividend equivalent payments	(64)	(24)
Redemption of senior subordinated notes due 2022, net	2,625
Proceeds from 5.50% senior subordinated notes due 2027, net	2,625	0
Other, net	1	0
Net cash provided by (used in) financing activities	1,414	(10)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	3	(3)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	2,727	264
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,467	2,073
CASH AND CASH EQUIVALENTS, END OF PERIOD	4,194	2,337
Cash and Cash Equivalents, Period Increase (Decrease)		264
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	1	0
Capital expenditures	0	0
Payments made in connection with acquisitions, net of cash acquired		0
Proceeds in connection with the sale of discontinued operations, net	0
Net cash provided by (used in) investing activities	0	0
Intercompany activities	(1)	0
Proceeds from exercise of stock options	0	0
Dividend equivalent payments	0	0
Redemption of senior subordinated notes due 2022, net	0
Repayments on term loans	0
Other, net	0
Net cash provided by (used in) financing activities	(1)	0
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	0	0
CASH AND CASH EQUIVALENTS, END OF PERIOD	0	0
Cash and Cash Equivalents, Period Increase (Decrease)		0
TransDigm Group
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	0	0
Capital expenditures	0	0
Payments made in connection with acquisitions, net of cash acquired		0
Proceeds in connection with the sale of discontinued operations, net	0
Net cash provided by (used in) investing activities	0	0
Intercompany activities	44	16
Proceeds from exercise of stock options	20	14
Dividend equivalent payments	(64)	(24)
Redemption of senior subordinated notes due 2022, net	0
Repayments on term loans	0
Other, net	0
Net cash provided by (used in) financing activities	0	6
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	0	0
CASH AND CASH EQUIVALENTS, END OF PERIOD	0	6
Cash and Cash Equivalents, Period Increase (Decrease)		6
TransDigm Inc.
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	(80)	(19)
Capital expenditures	(1)	0
Payments made in connection with acquisitions, net of cash acquired		0
Proceeds in connection with the sale of discontinued operations, net	904
Net cash provided by (used in) investing activities	903	0
Intercompany activities	(285)	430
Proceeds from exercise of stock options	0	0
Dividend equivalent payments	0	0
Redemption of senior subordinated notes due 2022, net	2,625
Repayments on term loans	1,168
Other, net	0
Net cash provided by (used in) financing activities	1,172	430
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1,995
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,092	1,821
CASH AND CASH EQUIVALENTS, END OF PERIOD	3,087	2,232
Cash and Cash Equivalents, Period Increase (Decrease)		411
TransDigm UK [Member]
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	(8)	0
Capital expenditures	0	0
Payments made in connection with acquisitions, net of cash acquired		0
Proceeds in connection with the sale of discontinued operations, net	0
Net cash provided by (used in) investing activities	0	0
Intercompany activities	9	0
Proceeds from exercise of stock options	0	0
Dividend equivalent payments	0	0
Redemption of senior subordinated notes due 2022, net	0
Repayments on term loans	0
Other, net	0
Net cash provided by (used in) financing activities	9	0
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	0	0
CASH AND CASH EQUIVALENTS, END OF PERIOD	1	0
Cash and Cash Equivalents, Period Increase (Decrease)		0
Subsidiary Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	448	285
Capital expenditures	(22)	(20)
Payments made in connection with acquisitions, net of cash acquired		(29)
Proceeds in connection with the sale of discontinued operations, net	0
Net cash provided by (used in) investing activities	(22)	(49)
Intercompany activities	(429)	(235)
Proceeds from exercise of stock options	0	0
Dividend equivalent payments	0	0
Redemption of senior subordinated notes due 2022, net	0
Repayments on term loans	0
Other, net	0
Net cash provided by (used in) financing activities	(429)	(235)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(3)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	(12)	(2)
CASH AND CASH EQUIVALENTS, END OF PERIOD	(15)	(1)
Cash and Cash Equivalents, Period Increase (Decrease)		1
Non- Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	72	64
Capital expenditures	(4)	(4)
Payments made in connection with acquisitions, net of cash acquired		0
Proceeds in connection with the sale of discontinued operations, net	0
Net cash provided by (used in) investing activities	(4)	(4)
Intercompany activities	662	(211)
Proceeds from exercise of stock options	0	0
Dividend equivalent payments	0	0
Redemption of senior subordinated notes due 2022, net	0
Repayments on term loans	0
Other, net	1
Net cash provided by (used in) financing activities	663	(211)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	3	(3)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	734
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	387	254
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 1,121	100
Cash and Cash Equivalents, Period Increase (Decrease)		$ (154)

SUPPLEMENTAL GUARANTOR INFORMATION Narrative (Details)	Dec. 28, 2019
Condensed Financial Statements, Captions [Line Items]
Percentage of ownership in subsidiary	100.00%

SUBSEQUENT EVENTS Subsequent Events (Details) $ / shares in Units, $ in Billions	3 Months Ended
	Dec. 28, 2019 USD ($) $ / shares
Subsequent Event [Line Items]
Dividends, Cash	$ 1.9
Dividends Payable, Amount Per Share \| $ / shares	$ 32.50
Dividends Payable, Current	$ 1.9