0001260221-20-000087 | 10-Q | XBRL Viewer

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Cover Page Cover Page - shares	9 Months Ended
Cover Page Cover Page - shares	Jun. 27, 2020	Jul. 22, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 27, 2020
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		54,206,278
Document Fiscal Period Focus	Q3
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	Jun. 27, 2020	Sep. 30, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 4,549	$ 1,467
Trade accounts receivable—Net	726	1,068
Inventories—Net	1,344	1,233
Assets held-for-sale	0	962
Prepaid expenses and other	152	135
Total current assets	6,771	4,865
PROPERTY, PLANT AND EQUIPMENT—NET	744	757
GOODWILL	7,858	7,820
OTHER INTANGIBLE ASSETS—NET	2,634	2,744
DEFERRED INCOME TAXES	12	0
OTHER	160	69
TOTAL ASSETS	18,179	16,255
CURRENT LIABILITIES:
Current portion of long-term debt	279	80
Short-term borrowings—trade receivable securitization facility	350	350
Accounts payable	231	276
Accrued liabilities	791	675
Liabilities held-for-sale	0	157
Total current liabilities	1,651	1,538
LONG-TERM DEBT	19,410	16,469
Deferred Tax Liabilities, Gross	372	441
OTHER NON-CURRENT LIABILITIES	925	691
Total liabilities	22,358	19,139
TD GROUP STOCKHOLDERS’ DEFICIT:
Common stock - $.01 par value; authorized 224,400,000 shares; issued 58,380,866 and 57,623,311 at June 27, 2020 and September 30, 2019, respectively	1	1
Additional paid-in capital	1,527	1,379
Accumulated deficit	(4,427)	(3,120)
Accumulated other comprehensive loss	(490)	(379)
Treasury stock, at cost; 4,198,226 and 4,161,326 shares at June 27, 2020 and September 30, 2019, respectively	(794)	(775)
Total TD Group stockholders’ deficit	(4,183)	(2,894)
NONCONTROLLING INTERESTS	4	10
Total stockholders' deficit	(4,179)	(2,884)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 18,179	$ 16,255

Condensed Consolidated Balance Sheets Parenthetical - $ / shares	Jun. 27, 2020	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	58,380,866	57,623,311
Treasury Stock, Shares	(4,198,226)	(4,161,326)

Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019
NET SALES	$ 1,022	$ 1,521	$ 3,930	$ 3,682
COST OF SALES	531	808	1,819	1,755
GROSS PROFIT	491	713	2,111	1,927
SELLING AND ADMINISTRATIVE EXPENSES	163	252	544	535
AMORTIZATION OF INTANGIBLE ASSETS	42	38	128	80
INCOME FROM OPERATIONS	286	423	1,439	1,312
INTEREST EXPENSE - NET	262	241	762	614
REFINANCING COSTS	1	0	27	3
OTHER INCOME	(11)	(1)	(14)	(1)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	34	183	664	696
INCOME TAX PROVISION	39	55	112	172
(LOSS) INCOME FROM CONTINUING OPERATIONS	(5)	128	552	524
(LOSS) INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	(1)	17	66	19
Net Income	(6)	145	618	543
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0	0	(1)	0
NET (LOSS) INCOME ATTRIBUTABLE TO TD GROUP	(6)	145	617	543
NET (LOSS) INCOME APPLICABLE TO TD GROUP COMMON STOCKHOLDERS	$ (6)	$ 145	$ 432	$ 519
(Loss) Earnings per share attributable to TD Group common stockholders:
(Loss) Earnings per share from continuing operations - basic and diluted	$ (0.09)	$ 2.27	$ 6.38	$ 8.87
(Loss) Earnings per share from discontinued operations - basic and diluted	(0.01)	0.30	1.15	0.35
(Loss) Earnings per share	(0.10)	2.57	7.53	9.22
Cash dividends declared per common share	$ 0	$ 0	$ 32.50	$ 0
Weighted-average shares outstanding:
Basic and diluted	57.3	56.3	57.4	56.3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019
Net (loss) income	$ (6)	$ 145	$ 618	$ 543
Less: Net income attributable to noncontrolling interests	0	0	(1)	0
NET (LOSS) INCOME ATTRIBUTABLE TO TD GROUP	(6)	145	617	543
Other comprehensive income (loss), net of tax:
Foreign currency translation	27	51	19	27
Unrealized loss on derivatives	(14)	(70)	(136)	(207)
Pensions and other postretirement benefits	0	0	6	0
Other comprehensive income (loss), net of tax, attributable to TD Group	13	(19)	(111)	(180)
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	$ 7	$ 126	$ 506	$ 363

- 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	3
Cumulative Effect on Retained Earnings, Net of Tax \| ASC 606 and ASU 2016-06				3
Compensation expense recognized for employee stock options	16		16
Exercise of employee stock options		109,695
Exercise of employee stock options	14		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)
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)
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]
Net income attributable to TD Group	(543)
Foreign currency translation adjustments, net of tax	27
Unrealized (loss) gain on derivatives, net of tax	(207)
Pensions and other postretirement benefit adjustments, net of tax	0
BALANCE (in shares) at Jun. 29, 2019		57,450,206
BALANCE (in shares) at Jun. 29, 2019						(4,161,326)
BALANCE at Jun. 29, 2019		$ 1	1,339	(1,710)	(176)	$ (775)
NONCONTROLLING INTERESTS							0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders' deficit	(1,667)
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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividend Equivalent Payments On Certain Stock Options	(2)			(2)
Acquisition of business	(9)						9
Compensation expense recognized for employee stock options	19		19
Exercise of employee stock options		298,240
Exercise of employee stock options	$ 33		33
Stock Issued During Period, Shares, New Issues	0	476
Net income attributable to TD Group	$ (202)			202
Foreign currency translation adjustments, net of tax	(13)				(13)
Unrealized (loss) gain on derivatives, net of tax	(63)				(63)
BALANCE (in shares) at Mar. 30, 2019		57,304,097
BALANCE (in shares) at Mar. 30, 2019						(4,161,326)
BALANCE at Mar. 30, 2019		$ 1	1,291	(1,851)	(157)	$ (775)
NONCONTROLLING INTERESTS							9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders' deficit	(1,482)
Dividend Equivalent Payments On Certain Stock Options	(4)			(4)
Acquisition of business	(1)						1
Compensation expense recognized for employee stock options	31		31
Exercise of employee stock options		146,109
Exercise of employee stock options	17		17
Net income attributable to TD Group	(145)			145
Foreign currency translation adjustments, net of tax	51				51
Unrealized (loss) gain on derivatives, net of tax	(70)				(70)
Pensions and other postretirement benefit adjustments, net of tax	0
BALANCE (in shares) at Jun. 29, 2019		57,450,206
BALANCE (in shares) at Jun. 29, 2019						(4,161,326)
BALANCE at Jun. 29, 2019		$ 1	1,339	(1,710)	(176)	$ (775)
NONCONTROLLING INTERESTS							10
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders' deficit	(1,311)
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
BALANCE (in shares) at Dec. 28, 2019						(4,161,326)
BALANCE at Dec. 28, 2019		$ 1	1,422	(4,699)	(252)	$ (775)
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]
Net income attributable to TD Group	(617)
Foreign currency translation adjustments, net of tax	19
Unrealized (loss) gain on derivatives, net of tax	(136)
Pensions and other postretirement benefit adjustments, net of tax	$ 6
BALANCE (in shares) at Jun. 27, 2020	58,380,866	58,380,866
BALANCE (in shares) at Jun. 27, 2020	(4,198,226)					(4,198,226)
BALANCE at Jun. 27, 2020	$ (4,183)	$ 1	1,527	(4,427)	(490)	$ (794)
NONCONTROLLING INTERESTS							4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders' deficit	(4,299)
BALANCE (in shares) at Dec. 28, 2019		57,792,781
BALANCE (in shares) at Dec. 28, 2019						(4,161,326)
BALANCE at Dec. 28, 2019		$ 1	1,422	(4,699)	(252)	$ (775)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividend Equivalent Payments On Certain Stock Options	(21)			(21)
Compensation expense recognized for employee stock options	17		17
Exercise of employee stock options		440,793
Exercise of employee stock options	49		49
Net income attributable to TD Group	(319)			319
Foreign currency translation adjustments, net of tax	(106)				(106)
Unrealized (loss) gain on derivatives, net of tax	(145)				(145)
BALANCE (in shares) at Mar. 28, 2020		58,233,574
BALANCE (in shares) at Mar. 28, 2020						(4,198,226)
BALANCE at Mar. 28, 2020		$ 1	1,488	(4,401)	(503)	$ (794)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury Stock, Shares, Acquired						(36,900)
Treasury Stock, Value, Acquired, Cost Method	(19)					$ (19)
NONCONTROLLING INTERESTS							4
Total stockholders' deficit	(4,205)
Dividend Equivalent Payments On Certain Stock Options	(20)			(20)
Compensation expense recognized for employee stock options	19		19
Exercise of employee stock options		147,292
Exercise of employee stock options	20		20
Net income attributable to TD Group	6			(6)
Foreign currency translation adjustments, net of tax	27				27
Unrealized (loss) gain on derivatives, net of tax	(14)				(14)
Pensions and other postretirement benefit adjustments, net of tax	$ 0
BALANCE (in shares) at Jun. 27, 2020	58,380,866	58,380,866
BALANCE (in shares) at Jun. 27, 2020	(4,198,226)					(4,198,226)
BALANCE at Jun. 27, 2020	$ (4,183)	$ 1	$ 1,527	$ (4,427)	$ (490)	$ (794)
NONCONTROLLING INTERESTS	4						$ 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders' deficit	$ (4,179)

Condensed Consolidated Statement of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jun. 27, 2020	Jun. 29, 2019
OPERATING ACTIVITIES:
Net Income	$ 618	$ 543
Net income from discontinued operations	(66)	(19)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	83	57
Amortization of intangible assets	128	80
Amortization of debt issuance costs, original issue discount and premium	25	20
Amortization of inventory step-up	0	109
Loss contracts amortization	(32)	(10)
Refinancing costs	27	3
Non-cash equity compensation	59	70
Deferred income taxes	(17)	5
Changes in assets/liabilities, net of effects from acquisitions of businesses:
Trade accounts receivable	347	(65)
Inventories	(126)	(100)
Income taxes receivable/payable	(49)	(9)
Other assets	6	(24)
Accounts payable	(48)	(7)
Accrued interest	109	95
Accrued and other liabilities	(73)	20
Net Cash Provided by (Used in) Operating Activities	991	768
INVESTING ACTIVITIES:
Capital expenditures	(62)	(80)
Payments made in connection with acquisitions, net of cash acquired	0	(3,957)
Proceeds in connection with the sale of discontinued operations, net	904	0
Net Cash Provided by (Used in) Investing Activities	842	(4,037)
FINANCING ACTIVITIES:
Proceeds from exercise of stock options	89	64
Dividends and dividend equivalent payments	(1,928)	(24)
Payments for Repurchase of Common Stock	(19)	0
Proceeds from Lines of Credit	200	0
Repayments of Long-term Debt	(38)	(57)
Redemption of senior subordinated notes due 2022, net	0	(550)
Repayments of Other Long-term Debt	(1,168)	0
Proceeds from 5.50% senior subordinated notes due 2027, net	0	544
Proceeds from Issuance of Long-term Debt	2,625	0
Financing fees and other, net	(9)	(1)
Net Cash Provided by (Used in) Financing Activities	1,245	3,912
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	4	1
NET INCREASE IN CASH AND CASH EQUIVALENTS	3,082	644
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,467	2,073
CASH AND CASH EQUIVALENTS, END OF PERIOD	4,549	2,717
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest	638	533
Cash paid during the period for income taxes, net of refunds	194	183
Proceeds from Issuance of Secured Debt	401	3,936
Proceeds from (Repayments of) Secured Debt	$ 1,092	$ 0

DESCRIPTION OF THE BUSINESS AND IMPACT OF COVID-19 PANDEMIC	9 Months Ended
	Jun. 27, 2020
Accounting Policies [Abstract]
DESCRIPTION OF THE BUSINESS AND IMPACT OF COVID-19	DESCRIPTION OF THE BUSINESS AND IMPACT OF COVID-19 PANDEMIC 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, batteries and chargers, engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, databus and power controls, cockpit security components and systems, specialized and advanced cockpit displays, aircraft audio systems, specialized lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, advanced sensor products, switches and relay panels, thermal protection and insulation, lighting and control technology, parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems. Impact of COVID-19 Pandemic In December 2019, a novel strain of coronavirus ("COVID-19") surfaced in Wuhan, China, and has since spread to other countries, including the United States. In March 2020, the World Health Organization characterized COVID-19 as a pandemic. The pandemic has resulted in governments around the world implementing increasingly stringent measures to help control the spread of the virus, including quarantines, “shelter in place” and “stay at home” orders, travel restrictions, business curtailments and other measures. In addition, governments and central banks in several parts of the world have enacted fiscal and monetary stimulus measures to counteract the impacts of COVID-19. The commercial aerospace industry, in particular, has been significantly disrupted, both domestically and internationally. Cost Mitigation Measures As part of the Company’s response to the impact of the COVID-19 pandemic on its business, the Company began taking certain cost reduction measures in the third quarter of fiscal 2020 such as: (1) reducing its workforce by at least 30% to align operations with customer demand. These actions are in addition to the cost mitigation efforts implemented earlier this calendar year in response to the 737 MAX production rate changes; (2) implementing unpaid furloughs of various lengths at many businesses over approximately the next six months in response to business specific situations; (3) TransDigm’s senior management team substantially reducing its cash compensation for the balance of fiscal 2020; (4) members of TransDigm's Board of Directors forgoing their annual retainer fees for fiscal 2020; and (5) delaying non-essential capital projects and minimizing discretionary spending to only those activities and projects deemed essential in the near term. For the thirteen and thirty-nine week periods ended June 27, 2020, COVID-19 restructuring costs incurred were approximately $24 million, of which $19 million was recorded in cost of sales and $5 million was recorded in selling and administrative expenses. These were costs related to the Company's actions to reduce its workforce to align with customer demand. Additionally, the Company incurred approximately $3 million in incremental costs related to the pandemic that are not expected to recur once the pandemic has subsided and are clearly separable from normal operations (e.g., additional cleaning and disinfecting of facilities by contractors above and beyond normal requirements, personal protective equipment, etc.). As of June 27, 2020 the restructuring accrual associated with the costs incurred in response to the COVID-19 pandemic was immaterial. The Company expects to incur restructuring and incremental costs of between approximately $40 million to $60 million during fiscal 2020 related to the COVID-19 pandemic. The Company continues to analyze its cost structure and may implement additional cost reduction measures as necessary due to the ongoing business challenges resulting from the COVID-19 pandemic. Interim Impairment Testing US GAAP requires that both indefinite-lived intangible assets and goodwill are tested for impairment annually and more frequently if events or changes in circumstances indicate that it is more likely than not (i.e., a likelihood greater than 50%) that the intangible asset or the reporting unit is impaired. Therefore, during interim periods, ASC 350 requires companies to focus on those events and circumstances that affect significant inputs used to determine the fair value of the asset, asset group or reporting unit to determine whether an interim quantitative impairment test is required. Given the adverse global economic and market conditions attributable to the COVID-19 pandemic, particularly as it pertains to the commercial sector of the aerospace and defense industry, the Company determined that an interim impairment evaluation of goodwill and indefinite-lived intangible assets was necessary as of March 28, 2020 for certain reporting units in which it was concluded a potential impairment existed. For the identified reporting units, a Step 1 impairment test was performed using an income approach based on management’s determination of the prospective financial information with consideration taken of the existing uncertainty in the global economy and aerospace and defense industry, particularly the commercial sector. Management also included projected declines and subsequent recovery in commercial OEM and aftermarket as a percentage of sales based on available industry data. The Company utilized a third party valuation firm to assist in the determination of the weighted average cost of capital. For each indefinite-lived intangible asset and reporting unit tested, the fair value exceeded carrying value by at least approximately 80%. As a result of the interim impairment testing performed as of March 28, 2020, no indefinite-lived intangible assets or goodwill was determined to be impaired. We updated our assessment during the third quarter of fiscal 2020 and validated that the assumptions used in the analyses performed as of March 28, 2020 and the resulting conclusions remained appropriate as of June 27, 2020. CARES Act On March 27, 2020, the President of the United States signed the Coronavirus Aid, Relief, and Economic Security ("CARES") Act, a substantial tax-and-spending package intended to provide additional economic stimulus to address the impact of the COVID-19 pandemic. The CARES Act, among other things, includes provisions relating to refundable payroll tax credits, deferment of employer social security payments with 50% of the deferred amount due December 31, 2021 and the remaining 50% due December 31, 2022, net operating loss carryback periods, alternative minimum tax credit refunds, and modifications to the net interest deduction limitations. The most significant impact of the CARES Act for the Company is an increase of the IRC 163(j) Interest Disallowance Limitations from 30% to 50% of adjusted taxable income which will allow the Company to deduct additional interest expense for fiscal years 2020 and 2021. The CARES Act is further described in Note 10, "Income Taxes." The Company continues to assess the impact of the CARES Act and ongoing government guidance related to COVID-19 that may be issued.

UNAUDITED INTERIM FINANCIAL INFORMATION	9 Months Ended
UNAUDITED INTERIM FINANCIAL INFORMATION	Jun. 27, 2020
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 thirty-nine week period ended June 27, 2020 are not necessarily indicative of the results to be expected for the full year. Historical information has been retrospectively adjusted to reflect the classification of discontinued operations. Discontinued operations are further described in Note 3, "Acquisitions and Divestitures," and Note 18, "Discontinued Operations."

ACQUISITIONS AND DIVESTITURES

9 Months Ended

Jun. 27, 2020

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.

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 the respective fair value at the date of acquisition. To the extent the purchase price exceeded the fair value of the net identifiable tangible and intangible assets acquired, such excess was allocated to goodwill. Allocations were based on the acquisition method of accounting and third-party valuation appraisals.

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 are generally driven by the Esterline acquisition.

The allocation of the fair value of the assets acquired and liabilities assumed in the Esterline acquisition as of the acquisition date of March 14, 2019 is summarized in the table below (in millions).


Assets acquired:
Trade accounts receivable	$	384
Inventories	583
Prepaid expenses and other	423
Property, plant, and equipment	469
Other intangible assets	1,301
Goodwill	2,256
Other	20
Total assets acquired	5,436
Liabilities assumed:
Accounts payable	146
Accrued liabilities	751
Other non-current liabilities	615
Total liabilities assumed	1,512
Net assets acquired	$	3,924

Of the approximately $2.3 billion of goodwill recognized for the acquisition, approximately $25.6 million is deductible for tax purposes. Also, of the approximately $1.3 billion of other intangible assets recognized for the acquisition, approximately $48.9 million is 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 of these loss-making contracts were unfavorable when compared to market terms as of the acquisition date. As a result, we recognized loss contract reserves of $267.9 million as of the acquisition date 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. These adjustments applied only to contracts generating a negative margin as of the date of acquisition. 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. While the Company conservatively selected values for these assumptions, they were 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 $26.0 million was amortized and recorded as an offset to cost of sales in the condensed consolidated statement of (loss) income for the thirty-nine week period ended June 27, 2020. Total loss contract reserves related to the Esterline acquisition are $205.3 million and $231.8 million at June 27, 2020 and September 30, 2019, respectively, of which $33.4 million and $60.0 million is classified in accrued liabilities and $171.9 million and $171.8 million is classified in other non-current liabilities in the condensed consolidated balance sheets at June 27, 2020 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. Approximately $11.1 million of goodwill and approximately $7.5 million of other intangible assets recognized for the acquisition is 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 thirty-nine week periods ended June 27, 2020 and June 29, 2019 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”) to 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, which included a working capital settlement of $0.7 million that was paid in February 2020. 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	9 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Jun. 27, 2020
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 (loss) income or cash flows. Refer to Note 16, "Leases," for additional disclosures. 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 fiscal years, and interim periods within those fiscal years, beginning after October 1, 2020. The adoption of this standard is not expected to have a material impact 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. 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. In March 2020, the Securities and Exchange Commission adopted amendments to simplify the financial disclosure requirements for guarantors and issuers of guaranteed securities registered under Rule 3-10 of Regulation S-X. As permitted, the Company elected to early adopt these amendments during the third quarter of fiscal 2020. The amendments replace the condensed consolidating financial information with summarized financial information of the issuers and guarantors, require expanded qualitative disclosures with respect to information about guarantors, the terms and conditions of guarantees and the factors that may affect payment, and permit these disclosures to be provided outside the notes to the parent company’s annual and interim consolidated financial statements. The Company elected to provide this information in Management’s Discussion and Analysis of Financial Condition and Results of Operations. In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform." This ASU provides optional guidance for a limited period of time to ease potential accounting impacts associated with transitioning away from reference rates that are expected to be discontinued, such as the London Interbank Offered Rate ("LIBOR"). The amendments in this ASU apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued. The amendments in this ASU are effective through December 31, 2022. The Company is currently evaluating the impact of adopting this standard on our consolidated financial statements and disclosures.

REVENUE

9 Months Ended

Jun. 27, 2020

Revenue Recognition [Abstract]

Revenue from Contract with Customer [Text Block]

REVENUE RECOGNITIONTransDigm'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, control transfers 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 (loss) 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 (loss) 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):


	June 27, 2020		September 30, 2019		Change
Contract assets, current ⁽¹⁾	$	39	$	44	$	(5)
Contract assets, non-current ⁽²⁾	5		7		(2)
Total contract assets	44		51		(7)
Contract liabilities, current ⁽³⁾	24		18		6
Contract liabilities, non-current ⁽⁴⁾	16		13		3
Total contract liabilities	40		31		9
Net contract assets	$	4	$	20	$	(16)

⁽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 and thirty-nine week periods ended June 27, 2020, 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)

9 Months Ended

Jun. 27, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE (TWO-CLASS METHOD)

EARNINGS PER SHARE

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


	Thirteen Week Periods Ended						Thirty-Nine Week Periods Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Numerator for (loss) earnings per share:
(Loss) Income from continuing operations	$	(5)	$	128	$	552	$	524
Less: Net income attributable to noncontrolling interests	—		—		(1)		—
Net (loss) income from continuing operations attributable to TD Group	(5)		128		551		524
Less: Special dividends declared or paid on participating securities, including dividend equivalent payments	—		—		(185)		(24)
	(5)		128		366		500
(Loss) Income from discontinued operations, net of tax	(1)		17		66		19
Net (loss) income applicable to TD Group common stockholders - basic and diluted	$	(6)	$	145	$	432	$	519
Denominator for basic and diluted (loss) earnings per share under the two-class method:
Weighted-average common shares outstanding	54.1		53.2		53.9		53.0
Vested options deemed participating securities	3.2		3.1		3.5		3.3
Total shares for basic and diluted (loss) earnings per share	57.3		56.3		57.4		56.3

(Loss) Earnings per share from continuing operations - basic and diluted	$	(0.09)	$	2.27	$	6.38	$	8.87
(Loss) Earnings per share from discontinued operations - basic and diluted	(0.01)		0.30		1.15		0.35
(Loss) Earnings per share	$	(0.10)	$	2.57	$	7.53	$	9.22

INVENTORIES

9 Months Ended

Jun. 27, 2020

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):


	June 27, 2020		September 30, 2019
Raw materials and purchased component parts	$	901	$	805
Work-in-progress	381		360
Finished goods	224		192
Total	1,506		1,357
Reserves for excess and obsolete inventory	(162)		(124)
Inventories - Net	$	1,344	$	1,233

INTANGIBLE ASSETS

9 Months Ended

Jun. 27, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

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


	June 27, 2020										September 30, 2019
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Trademarks and trade names	$	955	$	—	$	955	$	956	$	—	$	956
Technology	1,833		565		1,268		1,806		496		1,310
Order backlog	91		80		11		107		45		62
Customer relationships	438		46		392		438		30		408
Other	18		10		8		17		9		8
Total	$	3,335	$	701	$	2,634	$	3,324	$	580	$	2,744

The aggregate amortization expense on identifiable intangible assets for the thirty-nine week periods ended June 27, 2020 and June 29, 2019 was approximately $128 million and $80 million, respectively. The estimated amortization expense is $172 million for fiscal year 2020, $115 million for fiscal year 2021 and $114 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 June 27, 2020 (in millions):


	Power & Control		Airframe		Non- aviation		Total
Balance at September 30, 2019	$	4,121	$	3,598	$	101	$	7,820


Purchase price allocation adjustments	(14)		51		(1)		36
Currency translation adjustments	7		(6)		1		2
Balance at June 27, 2020	$	4,114	$	3,643	$	101	$	7,858

The purchase price allocation adjustments relate to opening balance sheet adjustments recorded by the sixteen reporting units acquired from Esterline up to the expiration of the one year measurement period in March 2020.

DEBT

9 Months Ended

Jun. 27, 2020

Debt Disclosure [Abstract]

DEBT

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


	June 27, 2020
	Gross Amount		Debt Issuance Costs		Original Issue Discount or Premium		Net Amount
Short-term borrowings—trade receivable securitization facility	$	350	$	—	$	—	$	350
Term loans	$	7,487	$	(51)	$	(23)	$	7,413
Revolving credit facility	200		—		—		200
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
8.00% secured notes due 2025 (2025 Secured Notes)	1,100		(10)		—		1,090
6.375% senior subordinated notes due 2026 (6.375% 2026 Notes)	950		(6)		—		944
6.875% senior subordinated notes due 2026 (6.875% 2026 Notes)	500		(5)		(3)		492
6.25% secured notes due 2026 (2026 Secured Notes)	4,400		(58)		5		4,347
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		(22)		—		2,628
Government refundable advances	28		—		—		28
Finance lease obligations	57		—		—		57
	19,872		(165)		(18)		19,689
Less: current portion	280		(1)		—		279
Long-term debt	$	19,592	$	(164)	$	(18)	$	19,410


	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 $201.6 million and $92.6 million as of June 27, 2020 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.

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 $23.8 million and expensed $1.1 million of refinancing costs representing debt issue costs associated with the 5.50% 2027 Notes during the thirty-nine week period ended June 27, 2020.

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 issue costs during the thirty-nine week period ended June 27, 2020 in conjunction with the redemption of the 2022 Notes.

Amendment No. 7 and Refinancing Facility Agreement – On February 6, 2020, the Company entered into Amendment No. 7 and Refinancing Facility Agreement (herein, "Amendment No. 7") to the Second Amended and Restated Credit Agreement dated as of June 4, 2014 (herein, the "Credit Agreement").

Under the terms of Amendment No. 7, the Company, among other things, (i) incurred new tranche E term loans in an aggregate principal amount equal to approximately $2,216 million, new tranche F term loans in an aggregate principal amount equal to approximately $3,515 million and new tranche G term loans, (collectively, the "New Term Loans") in an aggregate principal amount equal to approximately $1,774 million, (ii) repaid in full all of the prior existing tranche E term loans, tranche F term loans and tranche G term loans outstanding under the Credit Agreement immediately prior to Amendment No. 7 and (iii) extend the maturity date of the new tranche F term loans to December 9, 2025. The New Term Loans were fully drawn on February 6, 2020. The LIBO rate per annum applicable to the New Term Loans is 2.25%, a decrease from the 2.50% rate that previously applied.

In addition to a discount of $8.8 million recorded in conjunction with the new tranche F term loans, the Company capitalized $3.4 million and expensed $1.9 million of refinancing costs representing debt issue costs associated with Amendment No. 7 during the thirty-nine week period ended June 27, 2020.

Revolving Credit Facility – On March 24, 2020, the Company drew $200 million on its revolving credit facility to increase the Company's liquidity as a precautionary response to macroeconomic conditions caused by the COVID-19 pandemic. As of June 27, 2020, the Company had $36.8 million in letters of credit outstanding and $523.2 million of borrowings available under the revolving credit facility.

Issuance of Senior Secured Notes due 2025 – On April 8, 2020, the Company entered into a purchase agreement in connection with a private offering of $1,100 million in aggregate principal amount of 8.00% Senior Secured Notes due 2025 (herein, the "2025 Secured Notes") at an issue price of 100% of the principal amount. The 2025 Secured Notes were issued pursuant to an indenture, dated as of April 8, 2020, amongst TransDigm, as issuer, TransDigm Group, TransDigm UK and the other subsidiaries of TransDigm named therein, as guarantors. The 2025 Secured Notes are secured by a first-priority security interest in substantially all the assets of TransDigm, TransDigm Group, TransDigm UK and each other guarantor on an equal and ratable basis with any other existing and future senior secured debt, including indebtedness under the Company's senior secured credit facilities and the 2026 Secured Notes.

The 2025 Secured Notes bear interest at the rate of 8.00% per annum, which accrues from April 8, 2020 and is payable in arrears on April 1 and October 1 of each year, commencing on October 1, 2020. The 2025 Secured Notes mature on December 15, 2025, unless earlier redeemed or repurchased, and are subject to the terms and conditions set forth in the indenture.

The Company capitalized $10.1 million of refinancing costs representing debt issue costs associated with the 2025 Secured Notes during the thirty-nine week period period ended June 27, 2020.

Issuance of Senior Secured Notes due 2026 – On April 17, 2020, the Company entered into a purchase agreement in connection with a private offering of $400 million in aggregate principal amount of 6.25% Senior Secured Notes due 2026 (herein, the "6.25% 2026 New Notes") at an issue price of 101% of the principal amount. The 6.25% 2026 New Notes are an additional issuance of the Company's existing 6.25% 2026 Senior Secured Notes (herein, the "2026 Secured Notes"), and were issued under the indenture dated as of February 13, 2019 pursuant to which the Company previously issued $4,000 million. The 6.25% 2026 New Notes are the same class and series as, and otherwise identical to, the 2026 Secured Notes other than with respect to the date of issuance and issue price.

The 6.25% 2026 New Notes bear interest at a rate of 6.25% per annum, which accrues from March 15, 2020 and is payable semiannually in arrears on March 15th and September 15th of each year, commencing on September 15, 2020. The 6.25% 2026 New Notes mature on March 15, 2026, unless earlier redeemed or repurchased, and are subject to the terms and conditions set forth in the indenture.

The Company capitalized $5.4 million of refinancing costs representing debt issue costs associated with the 6.25% 2026 New Notes during the thirty-nine week period ended June 27, 2020.

Subsequent Event - Trade Receivables Securitization Facility - On July 22, 2020, the Company amended the Securitization Facility to extend the maturity date to July 27, 2021. As of June 27, 2020, the Company has borrowed $350 million under the Securitization Facility, which bears interest at a rate of 0.9% plus LIBOR. At June 27, 2020, the applicable interest rate was 1.1%. The Securitization Facility is collateralized by substantially all of the Company’s domestic operations’ trade accounts receivable.

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. The balance was $27.9 million at June 27, 2020 and $39.2 million at September 30, 2019.

Obligations under Finance Leases - The Company leases certain buildings and equipment under finance leases. The present value of the minimum capital lease payments, net of the current portion, represents a balance of $57.1 million at June 27, 2020 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	9 Months Ended
INCOME TAXES	Jun. 27, 2020
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 June 27, 2020 and June 29, 2019, the effective income tax rate was 113.5% and 30.0%, respectively. During the thirty-nine week periods ended June 27, 2020 and June 29, 2019, the effective income tax rate was 16.9% and 24.9%, respectively. The Company's higher effective tax rate for the thirteen week period ended June 27, 2020, which also was higher than the Federal statutory rate of 21%, was primarily due to the unfavorable economic impact of the COVID-19 pandemic on the Company's net interest deduction limitation, the associated valuation allowance, and a resulting discrete detriment recognized for a cumulative adjustment associated with excess tax benefits for share-based payments. While the CARES Act increased the net interest deduction limitation, the unfavorable economic impact of COVID-19 decreased overall taxable income; and therefore, limited the amount of deductible interest expense. The Company's lower effective tax rate for the thirty-nine week period ended June 27, 2020, which also was lower than the Federal statutory tax rate of 21%, was primarily due to excess tax benefits for share-based payments in addition to the modification of the interest expense limitation under IRC Section 163(j) enacted as part of the CARES Act. The Company’s effective tax rate for the thirteen and thirty-nine week periods ended June 29, 2019 was higher than the Federal statutory tax rate primarily due to a 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, taxes recognized as part of an entity restructuring during the period, partially offset by the benefit associated with FDII and excess tax benefits for share-based payments. 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 2013 and later. At June 27, 2020 and September 30, 2019, TD Group had $41.4 million and $36.5 million, respectively, in unrecognized tax benefits, the recognition of which would have an effect of approximately $36.7 million and $31.4 million on the effective tax rate at June 27, 2020 and September 30, 2019, respectively. The Company believes the tax positions that comprise the unrecognized tax benefits will be reduced by approximately $3.3 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

9 Months Ended

Jun. 27, 2020

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):


		June 27, 2020						September 30, 2019
	Level	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	1	$	4,549	$	4,549	$	1,467	$	1,467
Interest rate cap agreements ⁽¹⁾	2	—		—		1		1




Liabilities:
Interest rate swap agreements ⁽²⁾	2	48		48		13		13
Interest rate swap agreements ⁽³⁾	2	347		347		202		202
Foreign currency forward exchange contracts and other ⁽²⁾	2	6		6		6		6

Short-term borrowings - trade receivable securitization facility ⁽⁴⁾	1	350		350		350		350
Long-term debt, including current portion:
Term loans ⁽⁴⁾	2	7,413		6,754		7,449		7,478
Revolving credit facility ⁽⁴⁾	2	200		200		—		—
6.00% 2022 Notes ⁽⁴⁾	1	—		—		1,146		1,167
2024 Notes ⁽⁴⁾	1	1,195		1,152		1,194		1,239
2025 Notes ⁽⁴⁾	1	750		707		750		782
2025 Secured Notes ⁽⁴⁾	1	1,090		1,152		—		—
6.375% 2026 Notes ⁽⁴⁾	1	944		886		943		999
6.875% 2026 Notes ⁽⁴⁾	1	492		470		491		535
2026 Secured Notes ⁽⁴⁾	1	4,347		4,411		3,942		4,290
7.50% 2027 Notes ⁽⁴⁾	1	545		539		545		595
5.50% 2027 Notes ⁽⁴⁾	1	2,628		2,352		—		—
Government Refundable Advances	2	28		28		39		39
Finance Lease Obligations	2	57		57		50		50

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

⁽²⁾Included in accrued liabilities on the condensed consolidated balance sheets.

⁽³⁾Included in other non-current liabilities on the condensed consolidated balance sheets.

⁽⁴⁾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, trade accounts receivable-net and accounts payable approximated book value due to the short-term nature of these instruments at June 27, 2020 and September 30, 2019.

DERIVATIVES AND HEDGING ACTIVITIES

9 Months Ended

Jun. 27, 2020

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 (loss) 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

5.05% (2.8% plus the 2.25% margin percentage)

$500

6/29/2018

3/31/2025

Tranche E

5.25% (3.0% plus the 2.25% margin percentage)

$750

6/30/2020

6/30/2022

Tranche E

4.75% (2.5% plus the 2.25% margin percentage)

$1,500

6/30/2022

3/31/2025

Tranche E

5.35% (3.1% plus the 2.25% margin percentage)

$1,000

6/28/2019

12/9/2025

Tranche F

4.05% (1.8% plus the 2.25% margin percentage)

$1,400

6/30/2021

12/9/2025

Tranche F

5.25% (3.0% plus the 2.25% margin percentage)

$500

12/30/2016

12/31/2021

Tranche G

4.15% (1.9% plus the 2.25% margin percentage)

$400

9/30/2017

9/30/2022

Tranche G

4.15% (1.9% plus the 2.25% margin percentage)

$900

12/31/2021

6/28/2024

Tranche G

5.35% (3.1% plus the 2.25% margin percentage)

$400

9/30/2022

6/28/2024

Tranche G

5.25% (3.0% plus the 2.25% 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).


	June 27, 2020						September 30, 2019
	Asset		Liability		Asset		Liability
Interest rate cap agreements	$	—	$	—	$	1	$	—
Interest rate swap agreements⁽¹⁾	—		(395)		—		(216)
Net derivatives as classified in the balance sheet ⁽²⁾	$	—	$	(395)	$	1	$	(216)

⁽¹⁾The increase in the interest rate swap liability is primarily attributable to a downward trend in the LIBO rate during the second and third quarters 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 values of the interest rate swap and cap agreements determined as of June 27, 2020, 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 $50.2 million. Subsequent to the end of the third quarter of fiscal 2020, the $750 million notional amount interest rate swap agreement and the $750 million notional amount interest rate cap agreement, both with maturity dates of June 30, 2020, were settled. Upon the settlement of both agreements, the Company recognized interest expense of $2.5 million.

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 June 27, 2020, the Company had outstanding foreign currency forward exchange contracts principally to sell U.S. dollars with notional amounts of $78.9 million. These notional values consist primarily of contracts for the Canadian dollar and the European euro and are stated in U.S. dollar equivalents at spot exchange rates at the respective dates. During the thirty-nine week period ended June 27, 2020, the Company recognized gains on foreign currency forward exchange contracts designated as fair value hedges of $2.2 million in cost of sales in the condensed consolidated statements of (loss) income. During the thirty-nine week period ended June 27, 2020, the gains reclassified on foreign currency forward exchange contracts designated as cash flow hedges in the condensed consolidated statements of (loss) income were immaterial. The gains (losses) were previously recorded as a component of accumulated other comprehensive income (loss).

During the thirty-nine week period ended June 27, 2020, the Company recorded a gain of $3.7 million on foreign currency forward exchange contracts that have not been designated as accounting hedges. These foreign currency exchange gains 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 thirty-nine week period ended June 27, 2020. 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 thirty-nine week period ended June 27, 2020.

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 $6.0 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 June 27, 2020 is 9 months.

SEGMENTS	9 Months Ended
SEGMENTS	Jun. 27, 2020
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, batteries and chargers, databus and power controls, advanced sensor products, switches and relay panels, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery 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, engineered rods, engineered connectors and elastomer sealing solutions, cockpit security components and systems, specialized and advanced cockpit displays, aircraft audio systems, specialized lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, thermal protection and insulation, lighting and control technology and parachutes. 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 Esterline businesses were acquired during the second quarter of fiscal 2019 and preliminarily assessed as a separate segment of the Company. During the third quarter of fiscal 2019, the Esterline businesses were integrated into TransDigm's existing Power & Control, Airframe, and Non-Aviation segments. Previously reported operating results for the Esterline businesses were reclassified to conform to the presentation for the thirteen and thirty-nine week periods ended June 29, 2019. The re-segmentation did not impact prior period results. 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)

9 Months Ended

Jun. 27, 2020

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														Thirty-Nine Week Periods Ended
	June 27, 2020						June 29, 2019						June 27, 2020				June 29, 2019
	U.S. Pension Plans		Non-U.S. Pension Plans		U.S. Pension Plans		Non-U.S. Pension Plans		U.S. Pension Plans		Non-U.S. Pension Plans		U.S. Pension Plans		Non-U.S. Pension Plans
Service cost	$	2	$	1	$	2	$	2	$	6	$	3	$	3	$	2
Interest cost	3		1		3		1		8		4		5		2
Expected return on plan assets	(5)		(2)		(4)		(2)		(14)		(6)		(6)		(2)
Amortization of prior service cost	—		—		—		—		—		—		—		—
Amortization of actuarial loss	—		1		—		—		1		1		—		—
Amortization of transition obligation	—		—		—		—		—		—		—		—
Net periodic pension cost	$	—	$	1	$	1	$	1	$	1	$	2	$	2	$	2

The net periodic pension cost for the Company's post-retirement pension plans was immaterial for the thirteen and thirty-nine week periods ended June 27, 2020 and June 29, 2019. 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 (loss) income.

ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Jun. 27, 2020

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 thirty-nine week period ended June 27, 2020 (in millions):


	Unrealized (loss) gain 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 (loss) income	(136)		6		19		(111)

Balance at June 27, 2020	$	(308)	$	(34)	$	(148)	$	(490)

⁽¹⁾Unrealized (loss) gain represents derivative instruments, net of taxes of $(6) million and $22 million for the thirteen week periods ended June 27, 2020 and June 29, 2019, respectively, and $(40) million and $64 million for the thirty-nine week periods ended June 27, 2020 and June 29, 2019, respectively.

⁽²⁾There were no material pension liability adjustments, net of taxes, for the thirteen and thirty-nine week periods ended June 27, 2020 and June 29, 2019.

A summary of reclassifications out of accumulated other comprehensive (loss) income for the thirty-nine week periods ended June 27, 2020 and June 29, 2019 is provided below (in millions):


	Amount reclassified
	Thirty-Nine Week Periods Ended
Description of reclassifications out of accumulated other comprehensive (loss) income	June 27, 2020		June 29, 2019
Amortization from redesignated interest rate swap and cap agreements ⁽¹⁾	$	3	$	2
Gains from settlement of foreign currency forward exchange contracts ⁽²⁾	(3)		—
Deferred tax expense on reclassifications out of accumulated other comprehensive (loss) income	—		1
Losses reclassified into earnings, net of tax	$	—	$	3

⁽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)

9 Months Ended

Jun. 27, 2020

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 and thirty-nine week periods ended June 27, 2020 are as follows (in millions):


	Classification	Thirteen Week Period Ended June 27, 2020		Thirty-Nine Week Period Ended June 27, 2020
Operating lease cost	Cost of Sales or Selling and Administrative Expenses	$	7	$	21
Finance lease cost
Amortization of leased assets	Cost of Sales	1		2
Interest on lease liabilities	Interest Expense - Net	1		3
Total lease cost		$	9	$	26

Supplemental cash flow information related to leases for the thirty-nine week period ended June 27, 2020 is as follows (in millions):


	June 27, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	21
Operating cash outflows from finance leases	3
Financing cash outflows from finance leases	1

Lease assets obtained in exchange for new lease obligations:
Operating leases	$	21

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


	Classification	June 27, 2020
Operating Leases
Operating lease right-of-use assets	Other Assets	$	102

Current operating lease liabilities	Accrued Liabilities	22
Long-term operating lease liabilities	Other Non-current Liabilities	86
Total operating lease liabilities		$	108

Finance Leases
Finance lease right-of-use assets, net	Property, Plant and Equipment—Net	$	68

Current finance lease liabilities	Accrued Liabilities	2
Long-term finance lease liabilities	Other Non-current Liabilities	55
Total finance lease liabilities		$	57

As of June 27, 2020, the Company has the following remaining lease term and weighted average discount rates:


Weighted-average remaining lease term
Operating leases			6.1 years
Finance leases			16.6 years

Weighted-average discount rate
Operating leases			6.2%
Finance leases			7.2%

Maturities of lease liabilities at June 27, 2020 are as follows (in millions):


	Operating Leases		Finance Leases
2020	$	7	$	1
2021	27		6
2022	24		6
2023	19		6
2024	16		6
Thereafter	39		76
Total future minimum lease payments	132		101
Less: imputed interest	24		44
Present value of lease liabilities reported	$	108	$	57

A summary of minimum rental commitments at June 27, 2020 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	$	7
2021	28
2022	24
2023	19
2024	16
Thereafter	42
Total lease commitments	$	136

COMMITMENTS AND CONTINGENCIES (Notes)	9 Months Ended
COMMITMENTS AND CONTINGENCIES (Notes)	Jun. 27, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENCIESOn 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 quarter 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. As of June 27, 2020, approximately $26 million in insurance recoveries have been received to date for property loss. The recoveries received were previously recorded as an insurance recovery receivable (classified as a component of prepaid expenses and other on the condensed consolidated balance sheets) at the time of loss. The timing of and amounts of insurance recoveries for business interruption is not known at this time.

DISCONTINUED OPERATIONS

9 Months Ended

Jun. 27, 2020

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 Souriau-Sunbank to 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, qualified as discontinued operations.

(Loss) Income from discontinued operations, net of tax, in the condensed consolidated statements of (loss) income for the thirteen and thirty-nine week periods ended June 27, 2020 was $(1) million and $66 million, respectively. The $66 million income from discontinued operations, net of tax, for the thirty-nine week period ended June 27, 2020 was comprised of $7 million income from Souriau-Sunbank's operations and a gain on the sale of Souriau-Sunbank, net of tax, of $59 million. Income from discontinued operations, net of tax, was $11 million and $12 million for the thirteen and thirty-nine week periods ended June 29, 2019.

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 EIT 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, qualified as discontinued operations.

There was no impact to the (loss) income from discontinued operations, net of tax, in the condensed consolidated statements of (loss) income for the thirteen and thirty-nine week periods ended June 27, 2020. Income from discontinued operations, net of tax was $6 million and $7 million for the thirteen and thirty-nine week periods ended June 29, 2019.

Operating Results Summary

The following is the summarized operating results for Souriau-Sunbank for the thirteen and thirty-nine week periods ended June 27, 2020 and June 29, 2019 and EIT for the thirteen and thirty-nine week periods ended June 29, 2019 (in millions):


	Thirteen Week Period Ended						Thirty-Nine Week Period Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Net sales	$	—	$	138	$	79	$	166
(Loss) Income from discontinued operations before income taxes	(1)		23		12		26
Income tax expense	—		6		5		7
(Loss) Income from discontinued operations, net of tax	(1)		17		7		19
Gain from sale of discontinued operations, net of tax	—		—		59		—
(Loss) Income from discontinued operations, net of tax	$	(1)	$	17	$	66	$	19

REVENUE Narrative (Policies)	9 Months Ended
REVENUE Narrative (Policies)	Jun. 27, 2020
Revenue Recognition [Abstract]
Revenue [Policy Text Block]	REVENUE RECOGNITIONTransDigm'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, control transfers 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 (loss) 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 (loss) income.

ACQUISITIONS AND DIVESTITURES (Tables)

9 Months Ended

Jun. 27, 2020

Esterline [Member]

Business Acquisition [Line Items]

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


Assets acquired:
Trade accounts receivable	$	384
Inventories	583
Prepaid expenses and other	423
Property, plant, and equipment	469
Other intangible assets	1,301
Goodwill	2,256
Other	20
Total assets acquired	5,436
Liabilities assumed:
Accounts payable	146
Accrued liabilities	751
Other non-current liabilities	615
Total liabilities assumed	1,512
Net assets acquired	$	3,924

REVENUE Contract Assets and Liabilities (Tables)

9 Months Ended

Jun. 27, 2020

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):


	June 27, 2020		September 30, 2019		Change
Contract assets, current ⁽¹⁾	$	39	$	44	$	(5)
Contract assets, non-current ⁽²⁾	5		7		(2)
Total contract assets	44		51		(7)
Contract liabilities, current ⁽³⁾	24		18		6
Contract liabilities, non-current ⁽⁴⁾	16		13		3
Total contract liabilities	40		31		9
Net contract assets	$	4	$	20	$	(16)

⁽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)

9 Months Ended

Jun. 27, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

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


	Thirteen Week Periods Ended						Thirty-Nine Week Periods Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Numerator for (loss) earnings per share:
(Loss) Income from continuing operations	$	(5)	$	128	$	552	$	524
Less: Net income attributable to noncontrolling interests	—		—		(1)		—
Net (loss) income from continuing operations attributable to TD Group	(5)		128		551		524
Less: Special dividends declared or paid on participating securities, including dividend equivalent payments	—		—		(185)		(24)
	(5)		128		366		500
(Loss) Income from discontinued operations, net of tax	(1)		17		66		19
Net (loss) income applicable to TD Group common stockholders - basic and diluted	$	(6)	$	145	$	432	$	519
Denominator for basic and diluted (loss) earnings per share under the two-class method:
Weighted-average common shares outstanding	54.1		53.2		53.9		53.0
Vested options deemed participating securities	3.2		3.1		3.5		3.3
Total shares for basic and diluted (loss) earnings per share	57.3		56.3		57.4		56.3

(Loss) Earnings per share from continuing operations - basic and diluted	$	(0.09)	$	2.27	$	6.38	$	8.87
(Loss) Earnings per share from discontinued operations - basic and diluted	(0.01)		0.30		1.15		0.35
(Loss) Earnings per share	$	(0.10)	$	2.57	$	7.53	$	9.22

INVENTORIES (Tables)

9 Months Ended

Jun. 27, 2020

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following (in millions):


	June 27, 2020		September 30, 2019
Raw materials and purchased component parts	$	901	$	805
Work-in-progress	381		360
Finished goods	224		192
Total	1,506		1,357
Reserves for excess and obsolete inventory	(162)		(124)
Inventories - Net	$	1,344	$	1,233

INTANGIBLE ASSETS (Tables)

9 Months Ended

Jun. 27, 2020

Acquired Finite-Lived Intangible Assets [Line Items]

Intangible Assets Subject to Amortization

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


	June 27, 2020										September 30, 2019
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Trademarks and trade names	$	955	$	—	$	955	$	956	$	—	$	956
Technology	1,833		565		1,268		1,806		496		1,310
Order backlog	91		80		11		107		45		62
Customer relationships	438		46		392		438		30		408
Other	18		10		8		17		9		8
Total	$	3,335	$	701	$	2,634	$	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 June 27, 2020 (in millions):


	Power & Control		Airframe		Non- aviation		Total
Balance at September 30, 2019	$	4,121	$	3,598	$	101	$	7,820


Purchase price allocation adjustments	(14)		51		(1)		36
Currency translation adjustments	7		(6)		1		2
Balance at June 27, 2020	$	4,114	$	3,643	$	101	$	7,858

DEBT (Tables)

9 Months Ended

Jun. 27, 2020

Debt Disclosure [Abstract]

Schedule of Debt

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


	June 27, 2020
	Gross Amount		Debt Issuance Costs		Original Issue Discount or Premium		Net Amount
Short-term borrowings—trade receivable securitization facility	$	350	$	—	$	—	$	350
Term loans	$	7,487	$	(51)	$	(23)	$	7,413
Revolving credit facility	200		—		—		200
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
8.00% secured notes due 2025 (2025 Secured Notes)	1,100		(10)		—		1,090
6.375% senior subordinated notes due 2026 (6.375% 2026 Notes)	950		(6)		—		944
6.875% senior subordinated notes due 2026 (6.875% 2026 Notes)	500		(5)		(3)		492
6.25% secured notes due 2026 (2026 Secured Notes)	4,400		(58)		5		4,347
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		(22)		—		2,628
Government refundable advances	28		—		—		28
Finance lease obligations	57		—		—		57
	19,872		(165)		(18)		19,689
Less: current portion	280		(1)		—		279
Long-term debt	$	19,592	$	(164)	$	(18)	$	19,410


	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)

9 Months Ended

Jun. 27, 2020

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):


		June 27, 2020						September 30, 2019
	Level	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	1	$	4,549	$	4,549	$	1,467	$	1,467
Interest rate cap agreements ⁽¹⁾	2	—		—		1		1




Liabilities:
Interest rate swap agreements ⁽²⁾	2	48		48		13		13
Interest rate swap agreements ⁽³⁾	2	347		347		202		202
Foreign currency forward exchange contracts and other ⁽²⁾	2	6		6		6		6

Short-term borrowings - trade receivable securitization facility ⁽⁴⁾	1	350		350		350		350
Long-term debt, including current portion:
Term loans ⁽⁴⁾	2	7,413		6,754		7,449		7,478
Revolving credit facility ⁽⁴⁾	2	200		200		—		—
6.00% 2022 Notes ⁽⁴⁾	1	—		—		1,146		1,167
2024 Notes ⁽⁴⁾	1	1,195		1,152		1,194		1,239
2025 Notes ⁽⁴⁾	1	750		707		750		782
2025 Secured Notes ⁽⁴⁾	1	1,090		1,152		—		—
6.375% 2026 Notes ⁽⁴⁾	1	944		886		943		999
6.875% 2026 Notes ⁽⁴⁾	1	492		470		491		535
2026 Secured Notes ⁽⁴⁾	1	4,347		4,411		3,942		4,290
7.50% 2027 Notes ⁽⁴⁾	1	545		539		545		595
5.50% 2027 Notes ⁽⁴⁾	1	2,628		2,352		—		—
Government Refundable Advances	2	28		28		39		39
Finance Lease Obligations	2	57		57		50		50

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

⁽²⁾Included in accrued liabilities on the condensed consolidated balance sheets.

⁽³⁾Included in other non-current liabilities on the condensed consolidated balance sheets.

⁽⁴⁾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)

9 Months Ended

Jun. 27, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

he 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

5.05% (2.8% plus the 2.25% margin percentage)

$500

6/29/2018

3/31/2025

Tranche E

5.25% (3.0% plus the 2.25% margin percentage)

$750

6/30/2020

6/30/2022

Tranche E

4.75% (2.5% plus the 2.25% margin percentage)

$1,500

6/30/2022

3/31/2025

Tranche E

5.35% (3.1% plus the 2.25% margin percentage)

$1,000

6/28/2019

12/9/2025

Tranche F

4.05% (1.8% plus the 2.25% margin percentage)

$1,400

6/30/2021

12/9/2025

Tranche F

5.25% (3.0% plus the 2.25% margin percentage)

$500

12/30/2016

12/31/2021

Tranche G

4.15% (1.9% plus the 2.25% margin percentage)

$400

9/30/2017

9/30/2022

Tranche G

4.15% (1.9% plus the 2.25% margin percentage)

$900

12/31/2021

6/28/2024

Tranche G

5.35% (3.1% plus the 2.25% margin percentage)

$400

9/30/2022

6/28/2024

Tranche G

5.25% (3.0% plus the 2.25% 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


	June 27, 2020						September 30, 2019
	Asset		Liability		Asset		Liability
Interest rate cap agreements	$	—	$	—	$	1	$	—
Interest rate swap agreements⁽¹⁾	—		(395)		—		(216)
Net derivatives as classified in the balance sheet ⁽²⁾	$	—	$	(395)	$	1	$	(216)

⁽¹⁾The increase in the interest rate swap liability is primarily attributable to a downward trend in the LIBO rate during the second and third quarters 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)

9 Months Ended

Jun. 27, 2020

Segment Reporting [Abstract]

Net Sales by Reportable Segments

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


	Thirteen Week Periods Ended						Thirty-Nine Week Periods Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Net sales to external customers
Power & Control
Commercial OEM	$	118	$	198	$	493	$	475
Commercial Aftermarket	112		209		557		552
Defense	326		362		1,006		933
Total Power & Control	556		769		2,056		1,960

Airframe
Commercial OEM	155		261		628		568
Commercial Aftermarket	107		241		571		624
Defense	172		209		563		417
Total Airframe	434		711		1,762		1,609





Total Non-aviation	32		41		112		113

	$	1,022	$	1,521	$	3,930	$	3,682

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						Thirty-Nine Week Periods Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
EBITDA As Defined
Power & Control	$	270	$	378	$	1,036	$	1,006
Airframe	166		306		767		740
Non-aviation	12		13		39		36
Total segment EBITDA As Defined	448		697		1,842		1,782
Less: Unallocated corporate expenses	24		38		62		70
Total Company EBITDA As Defined	424		659		1,780		1,712
Depreciation and amortization expense	70		63		211		138
Interest expense - net	262		241		762		614
Acquisition-related costs	3		135		19		185
Non-cash stock compensation expense	21		32		59		70
Refinancing costs	1		—		27		3
COVID-19 & 737 MAX restructuring costs	30		—		30		—
Other, net	3		5		8		6
Income from continuing operations before income taxes	$	34	$	183	$	664	$	696

Total Assets by Segment

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


	June 27, 2020		September 30, 2019
Total assets
Power & Control	$	7,001	$	7,037
Airframe	6,641		6,672
Non-aviation	251		262
Corporate	4,286		1,322
Assets of discontinued operations	—		962
	$	18,179	$	16,255

RETIREMENT BENEFITS (Tables)

9 Months Ended

Jun. 27, 2020

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														Thirty-Nine Week Periods Ended
	June 27, 2020						June 29, 2019						June 27, 2020				June 29, 2019
	U.S. Pension Plans		Non-U.S. Pension Plans		U.S. Pension Plans		Non-U.S. Pension Plans		U.S. Pension Plans		Non-U.S. Pension Plans		U.S. Pension Plans		Non-U.S. Pension Plans
Service cost	$	2	$	1	$	2	$	2	$	6	$	3	$	3	$	2
Interest cost	3		1		3		1		8		4		5		2
Expected return on plan assets	(5)		(2)		(4)		(2)		(14)		(6)		(6)		(2)
Amortization of prior service cost	—		—		—		—		—		—		—		—
Amortization of actuarial loss	—		1		—		—		1		1		—		—
Amortization of transition obligation	—		—		—		—		—		—		—		—
Net periodic pension cost	$	—	$	1	$	1	$	1	$	1	$	2	$	2	$	2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

9 Months Ended

Jun. 27, 2020

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 thirty-nine week period ended June 27, 2020 (in millions):


	Unrealized (loss) gain 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 (loss) income	(136)		6		19		(111)

Balance at June 27, 2020	$	(308)	$	(34)	$	(148)	$	(490)

(2)There were no material pension liability adjustments, net of taxes, for the thirteen and thirty-nine week periods ended June 27, 2020 and June 29, 2019

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 thirty-nine week periods ended June 27, 2020 and June 29, 2019 is provided below (in millions):


	Amount reclassified
	Thirty-Nine Week Periods Ended
Description of reclassifications out of accumulated other comprehensive (loss) income	June 27, 2020		June 29, 2019
Amortization from redesignated interest rate swap and cap agreements ⁽¹⁾	$	3	$	2
Gains from settlement of foreign currency forward exchange contracts ⁽²⁾	(3)		—
Deferred tax expense on reclassifications out of accumulated other comprehensive (loss) income	—		1
Losses reclassified into earnings, net of tax	$	—	$	3

⁽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)

9 Months Ended

Jun. 27, 2020

Leases [Abstract]

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

Supplemental cash flow information related to leases for the thirty-nine week period ended June 27, 2020 is as follows (in millions):


	June 27, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	21
Operating cash outflows from finance leases	3
Financing cash outflows from finance leases	1

Lease assets obtained in exchange for new lease obligations:
Operating leases	$	21

Lease, Cost [Table Text Block]

The components of lease expense for the thirteen and thirty-nine week periods ended June 27, 2020 are as follows (in millions):


	Classification	Thirteen Week Period Ended June 27, 2020		Thirty-Nine Week Period Ended June 27, 2020
Operating lease cost	Cost of Sales or Selling and Administrative Expenses	$	7	$	21
Finance lease cost
Amortization of leased assets	Cost of Sales	1		2
Interest on lease liabilities	Interest Expense - Net	1		3
Total lease cost		$	9	$	26

Leases, Supplemental Balance Sheet Information [Table Text Block]

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


	Classification	June 27, 2020
Operating Leases
Operating lease right-of-use assets	Other Assets	$	102

Current operating lease liabilities	Accrued Liabilities	22
Long-term operating lease liabilities	Other Non-current Liabilities	86
Total operating lease liabilities		$	108

Finance Leases
Finance lease right-of-use assets, net	Property, Plant and Equipment—Net	$	68

Current finance lease liabilities	Accrued Liabilities	2
Long-term finance lease liabilities	Other Non-current Liabilities	55
Total finance lease liabilities		$	57

As of June 27, 2020, the Company has the following remaining lease term and weighted average discount rates:


Weighted-average remaining lease term
Operating leases			6.1 years
Finance leases			16.6 years

Weighted-average discount rate
Operating leases			6.2%
Finance leases			7.2%

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

Maturities of lease liabilities at June 27, 2020 are as follows (in millions):


	Operating Leases		Finance Leases
2020	$	7	$	1
2021	27		6
2022	24		6
2023	19		6
2024	16		6
Thereafter	39		76
Total future minimum lease payments	132		101
Less: imputed interest	24		44
Present value of lease liabilities reported	$	108	$	57

Finance Lease, Liability, Maturity [Table Text Block]

Maturities of lease liabilities at June 27, 2020 are as follows (in millions):


	Operating Leases		Finance Leases
2020	$	7	$	1
2021	27		6
2022	24		6
2023	19		6
2024	16		6
Thereafter	39		76
Total future minimum lease payments	132		101
Less: imputed interest	24		44
Present value of lease liabilities reported	$	108	$	57

DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Jun. 27, 2020

Souriau Sunbank and EIT [Member]

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

Disposal Groups, Including Discontinued Operations [Table Text Block]


	Thirteen Week Period Ended						Thirty-Nine Week Period Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Net sales	$	—	$	138	$	79	$	166
(Loss) Income from discontinued operations before income taxes	(1)		23		12		26
Income tax expense	—		6		5		7
(Loss) Income from discontinued operations, net of tax	(1)		17		7		19
Gain from sale of discontinued operations, net of tax	—		—		59		—
(Loss) Income from discontinued operations, net of tax	$	(1)	$	17	$	66	$	19

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 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details

DESCRIPTION OF THE BUSINESS AND IMPACT OF COVID-19 PANDEMIC - Narratives (Details) $ in Millions	9 Months Ended
	Jun. 27, 2020 USD ($)
Restructuring Cost and Reserve [Line Items]
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	8000.00%
Transdigm Inc [Member]
Accounting Policies [Abstract]
Percentage of ownership in subsidiary	100.00%
Restructuring Cost and Reserve [Line Items]
Percentage of ownership in subsidiary	100.00%
Minimum [Member]
Accounting Policies [Abstract]
Income Tax, Interest Disallowance Limitation	30.00%
Maximum [Member]
Accounting Policies [Abstract]
Income Tax, Interest Disallowance Limitation	50.00%
COVID-19 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	$ 24
COVID-19 [Member] \| Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	40
COVID-19 [Member] \| Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	60
COVID-19 [Member] \| Unusual or Infrequent Item, or Both [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	3
COVID-19 [Member] \| Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	19
COVID-19 [Member] \| Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	$ 5

ACQUISITIONS AND DIVESTITURES - Narratives (Details) - USD ($) $ / shares in Units, $ in Millions						9 Months Ended
	Dec. 20, 2019	Sep. 20, 2019	Aug. 30, 2019	Mar. 14, 2019	Oct. 01, 2018	Jun. 27, 2020	Jun. 29, 2019	Sep. 30, 2019
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired						$ 0.0	$ 3,957.0
GOODWILL						7,858.0		$ 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				2,256.0
Amount of goodwill expected to be tax deductible				25.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill				1,301.0
Business acquisition, Intangibles, Tax Deductible Amount				48.9
Loss Contingency Accrual				$ 267.9		205.3		231.8
Loss Contingency Accrual, Period Increase (Decrease)						26.0
Loss Contingency, Accrual, Current						33.4		60.0
Loss Contingency, Accrual, Noncurrent						$ 171.9		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
Divestiture, Working Capital Adjustment		$ 0.7
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	Jun. 27, 2020	Sep. 30, 2019	Mar. 14, 2019
Business Acquisition [Line Items]
Goodwill	$ 7,858.0	$ 7,820.0
Esterline [Member]
Business Acquisition [Line Items]
Current assets, excluding cash acquired			$ 384.0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory			583.0
Other			423.0
Property, plant, and equipment			469.0
Intangible assets			1,301.0
Goodwill			2,256.0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets			20.0
Total assets acquired			5,436.0
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			751.0
Other noncurrent liabilities			615.0
Total liabilities assumed			1,512.0
Net assets acquired			$ 3,923.9

RECENT ACCOUNTING PRONOUNCEMENTS - Narratives (Details) - USD ($) $ in Millions	Jun. 27, 2020	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) $ in Millions	3 Months Ended
REVENUE (Details) $ in Millions	Dec. 29, 2018 USD ($)
Cumulative Effect on Retained Earnings, Net of Tax	$ 3
Accounting Standards Update 2014-09 \| Accumulated Deficit
Cumulative Effect on Retained Earnings, Net of Tax	$ 3

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

9 Months Ended

Jun. 27, 2020

Sep. 30, 2019

Contract with Customer, Asset, Net, Current

$ 39

$ 44

^[1]

Contract with Customer, Asset, Current, Increase or Decrease

^[1]

(5)

Inventories—Net

1,344

1,233

Accumulated deficit

(4,427)

(3,120)

Contract with Customer, Asset, Net, Noncurrent

^[2]

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

^[2]

(2)

Contract with Customer, Asset, after Allowance for Credit Loss

Contract assets, Increase or Decrease

(7)

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

$ (16)

[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		9 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019
Earnings Per Share [Abstract]
(Loss) Income from continuing operations	$ (5)	$ 128	$ 552	$ 524
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0	0	(1)	0
Net (loss) income from continuing operations attributable to TD Group	(5)	128	551	524
Numerator for (loss) earnings per share:
Less: Special dividends declared or paid on participating securities, including dividend equivalent payments	0	0	(185)	(24)
Net Income Loss Attributable to Continuing Operations Available To Common Stockholders Basic And Vested Options Deemed Participating Securities	(5)	128	366	500
(LOSS) INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	(1)	17	66	19
Net (loss) income applicable to TD Group common stockholders - basic and diluted	$ (6)	$ 145	$ 432	$ 519
Denominator for basic and diluted earnings per share under the two-class method, in shares:
Weighted-average common shares outstanding	54.1	53.2	53.9	53.0
Vested options deemed participating securities	3.2	3.1	3.5	3.3
Basic and diluted (in shares)	57.3	56.3	57.4	56.3
(Loss) Earnings per share from continuing operations - basic and diluted	$ (0.09)	$ 2.27	$ 6.38	$ 8.87
(Loss) Earnings per share from discontinued operations - basic and diluted	(0.01)	0.30	1.15	0.35
Basic and diluted earnings per share (in dollars per share)	$ (0.10)	$ 2.57	$ 7.53	$ 9.22

INVENTORIES - Schedule of Inventory (Details) - USD ($) $ in Millions	Jun. 27, 2020	Sep. 30, 2019
Inventory Disclosure [Abstract]
Raw materials and purchased component parts	$ 901	$ 805
Work-in-progress	381	360
Finished goods	224	192
Total	1,506	1,357
Reserves for excess and obsolete inventory	(162)	(124)
Inventories - Net	$ 1,344	$ 1,233

INTANGIBLE ASSETS - Intangible Assets Subject to Amortization (Details) - USD ($) $ in Millions	Jun. 27, 2020	Sep. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 3,335	$ 3,324
Intangible Assets, Accumulated Amortization	701	580
Total	2,634	2,744
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,833	1,806
Accumulated Amortization	565	496
Net	1,268	1,310
Order backlog
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	91	107
Accumulated Amortization	80	45
Net	11	62
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	438	438
Accumulated Amortization	46	30
Net	392	408
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	18	17
Accumulated Amortization	10	9
Net	8	8
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill), Gross	955	956
Indefinite-Lived Intangible Assets, Accumulated Amortization	0	0
Intangible Assets (Excluding Goodwill), Net	$ 955	$ 956

INTANGIBLE ASSETS - Summary of changes in carrying value of Goodwill (Details) $ in Millions	9 Months Ended
	Jun. 27, 2020 USD ($)
Goodwill [Roll Forward]
Balance at beginning of period	$ 7,820
Purchase price allocation adjustments	36
Currency translation adjustment	2
Balance at end of period	7,858
Power & Control
Goodwill [Roll Forward]
Balance at beginning of period	4,121
Purchase price allocation adjustments	(14)
Currency translation adjustment	7
Balance at end of period	4,114
Airframe
Goodwill [Roll Forward]
Balance at beginning of period	3,598
Purchase price allocation adjustments	51
Currency translation adjustment	(6)
Balance at end of period	3,643
Non- aviation
Goodwill [Roll Forward]
Balance at beginning of period	101
Purchase price allocation adjustments	(1)
Currency translation adjustment	1
Balance at end of period	$ 101

INTANGIBLE ASSETS - Narratives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019
Finite-Lived Intangible Assets [Line Items]
Aggregate Amortization of Intangible Assets			$ 128	$ 80
Amortization of intangible assets	$ 42	$ 38	128	$ 80
Estimated Amortization Expense, 2020	172		172
Estimated Amortization Expense, 2021	115		115
Estimated Amortization Expense, 2022	114		114
Estimated Amortization Expense, 2023	114		114
Estimated Amortization Expense, 2024	114		114
Estimated Amortization Expense, 2025	$ 114		$ 114

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

Jun. 27, 2020

Oct. 29, 2019

Sep. 30, 2019

Feb. 01, 2019

Debt Instrument [Line Items]

Gross Amount

$ 19,872.0

$ 16,713.0

Debt Issuance Costs

(165.0)

(149.0)

Debt Instrument, Unamortized Discount (Premium), Net

(18.0)

(15.0)

Short-term borrowings—trade receivable securitization facility

350.0

Total debt outstanding

19,689.0

16,549.0

Long-term Debt, Current Maturities, Net

279.0

80.0

Long-term Debt, Excluding Current Maturities, Gross

19,592.0

16,632.0

Deferred Finance Costs, Excluding Current Maturities

(164.0)

(148.0)

Debt Instrument, Unamortized Discount, Excluding Current Maturities

(18.0)

(15.0)

Long-term debt

19,410.0

16,469.0

Term loans

Debt Instrument [Line Items]

Gross Amount

7,487.0

7,524.0

Debt Issuance Costs

(51.0)

(58.0)

Debt Instrument, Unamortized Discount (Premium), Net

(23.0)

(17.0)

Total debt outstanding

^[1]

7,413.0

$ 7,449.0

Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Gross Amount

200.0

Debt Issuance Costs

0.0

Debt Instrument, Unamortized Discount (Premium), Net

0.0

Total debt outstanding

$ 200.0

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

(6.0)

(7.0)

Debt Instrument, Unamortized Discount (Premium), Net

0.0

Total debt outstanding

^[1]

$ 944.0

$ 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

(22.0)

Debt Instrument, Unamortized Discount (Premium), Net

0.0

Total debt outstanding

^[1]

2,628.0

0.0

Senior Subordinated Notes | Senior Subordinated Notes Due 2025 6.50% [Member]

Debt Instrument [Line Items]

Gross Amount

750.0

Debt Issuance Costs

(3.0)

Debt Instrument, Unamortized Discount (Premium), Net

3.0

Total debt outstanding

750.0

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

Debt Instrument [Line Items]

Gross Amount

1,100.0

Debt Issuance Costs

(10.0)

Debt Instrument, Unamortized Discount (Premium), Net

0.0

Total debt outstanding

$ 1,090.0

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

Debt Instrument [Line Items]

Interest rate

6.25%

Gross Amount

$ 4,400.0

4,000.0

$ 4,000.0

Debt Issuance Costs

(58.0)

(60.0)

Debt Instrument, Unamortized Discount (Premium), Net

5.0

2.0

Total debt outstanding

4,347.0

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

28.0

39.0

Government refundable advances

27.9

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

57.0

50.0

Capital Lease Obligations

57.1

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

Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Total debt outstanding

^[1]

200.0

0.0

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

280.0

81.0

Long-term Debt, Current Maturities, Net

$ 279.0

$ 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

9 Months Ended

Oct. 29, 2019

Jun. 27, 2020

Jun. 29, 2019

Jun. 27, 2020

Jun. 29, 2019

Sep. 30, 2019

Feb. 01, 2019

Debt Instrument [Line Items]

Interest Payable, Current

$ 201.6

$ 92.6

Gross Amount

19,872.0

16,713.0

Refinancing costs

1.0

$ 0.0

27.0

$ 3.0

Short-term borrowings—trade receivable securitization facility

$ 350.0

350.0

Asset-backed Securities, Securitized Loans and Receivables [Member]

Debt Instrument [Line Items]

Interest rate

0.90%

Debt Instrument, Interest Rate, Effective Percentage

1.10%

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

Debt Instrument [Line Items]

Gross Amount

$ 2,650.0

Interest rate

5.50%

Debt Issuance Costs, Gross

$ 23.8

23.8

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%

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

Interest rate

6.875%

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

Debt Instrument [Line Items]

Gross Amount

$ 550.0

Interest rate

7.50%

Term loans

Debt Instrument [Line Items]

Gross Amount

$ 7,487.0

7,524.0

Debt Instrument, Basis Spread on Variable Rate

2.25%

Term loans | Tranche E

Debt Instrument [Line Items]

Debt Instrument, Face Amount

2,216.0

$ 2,216.0

Term loans | Tranche F

Debt Instrument [Line Items]

Debt Instrument, Unamortized Discount

8.8

Debt Issuance Costs, Gross

3.4

Refinancing costs

1.9

Debt Instrument, Face Amount

3,515.0

Term loans | Tranche G [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

1,774.0

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

Debt Instrument [Line Items]

Gross Amount

$ 4,400.0

4,000.0

$ 4,000.0

Interest rate

6.25%

Senior Notes | Senior Secured Notes $1.1B due 2025 8% [Member]

Debt Instrument [Line Items]

Gross Amount

$ 1,100.0

Debt Instrument, Redemption Price, Percentage

100.00%

Interest rate

8.00%

Debt Issuance Costs, Gross

10.1

$ 10.1

Senior Notes | Senior Secured Notes $400M Due 2026 6.25% [Member]

Debt Instrument [Line Items]

Gross Amount

$ 400.0

Debt Instrument, Redemption Price, Percentage

101.00%

Senior Notes | Senior Secured Notes $4.4B Due 2026 6.25% [Member]

Debt Instrument [Line Items]

Interest rate

6.25%

Debt Issuance Costs, Gross

$ 5.4

Government Refundable Advances [Member]

Debt Instrument [Line Items]

Government refundable advances

27.9

39.2

Capital Lease Obligations [Member]

Debt Instrument [Line Items]

Capital Lease Obligations

57.1

49.9

Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

200.0

Letters of Credit Outstanding, Amount

36.8

Line of Credit Facility, Remaining Borrowing Capacity

523.2

Asset-backed Securities

Debt Instrument [Line Items]

Short-term borrowings—trade receivable securitization facility

^[1]

350.0

Short-term borrowings—trade receivable securitization facility, Gross

350.0

$ 350.0

Asset-backed Securities | Asset-backed Securities, Securitized Loans and Receivables [Member]

Debt Instrument [Line Items]

Short-term borrowings—trade receivable securitization facility, Gross

$ 350.0

[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.

INCOME TAXES - Narratives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
INCOME TAXES - Narratives (Details) - USD ($) $ in Millions	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019	Sep. 30, 2019
Effective income tax rate	113.50%	30.00%	16.90%	24.90%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%
Unrecognized tax benefits	$ 41.4		$ 41.4		$ 36.5
Tax rate effect	36.7		36.7		$ 31.4
Reduction in tax position in next 12 months	$ 3.3		$ 3.3
Minimum [Member]
Income Tax, Interest Disallowance Limitation			30.00%
Maximum [Member]
Income Tax, Interest Disallowance Limitation			50.00%

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

Jun. 27, 2020

Sep. 30, 2019

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

Cash and cash equivalents

$ 4,549

$ 1,467

Short-term borrowings—trade receivable securitization facility

350

Long-term Debt

19,689

16,549

Other Noncurrent Assets

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

Interest Rate Cash Flow Hedge Asset at Carrying Value

^[1]

Accrued Liabilities

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

Foreign Currency Contract, Asset

^[2]

Interest rate swap agreements

^[2]

Other Noncurrent Liabilities

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

Interest rate swap agreements

^[3]

347

202

Term loans

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

Long-term Debt

^[4]

7,413

7,449

Government Refundable Advances [Member]

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

Long-term Debt

Long-term debt, including current portion, Fair Value

Capital Lease Obligations [Member]

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

Long-term Debt

Level 1

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

Cash and cash equivalents, Fair Value

4,549

1,467

Level 2 | Other Noncurrent Assets

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

Interest rate cap agreements, Fair Value

^[1]

Level 2 | Accrued Liabilities

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

Foreign Currency Contract, Asset

^[2]

Interest rate swap agreements, Fair Value

^[2]

Level 2 | Other Noncurrent Liabilities

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

Interest rate swap agreements, Fair Value

^[3]

347

202

Level 2 | Term loans

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

Long-term debt, including current portion, Fair Value

^[4]

6,754

7,478

Level 2 | Capital Lease Obligations [Member]

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

Long-term debt, including current portion, Fair Value

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

^[4]

1,146

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

^[4]

1,167

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

^[4]

1,195

1,194

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

^[4]

1,152

1,239

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

^[4]

750

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

^[4]

707

782

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

^[4]

944

943

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

^[4]

886

999

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

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

Long-term Debt

^[4]

492

491

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

^[4]

470

535

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

^[4]

545

Long-term debt, including current portion, Fair Value

^[4]

595

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

^[4]

539

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

^[4]

2,628

Long-term debt, including current portion, Fair Value

^[4]

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

^[4]

2,352

Senior Secured Notes $1.1B due 2025 8% [Member] | Secured Debt [Member]

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

Long-term Debt

1,090

Senior Secured Notes $1.1B due 2025 8% [Member] | Level 1 | Secured Debt [Member]

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

Long-term debt, including current portion, Fair Value

1,152

Senior Secured Notes $4.4B Due 2026 6.25% [Member] | Secured Debt [Member]

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

Long-term Debt

^[4]

4,347

3,942

Senior Secured Notes $4.4B 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

^[4]

4,411

4,290

Asset-backed Securities

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

Short-term borrowings—trade receivable securitization facility

^[4]

350

Asset-backed Securities | Level 1

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

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

^[4]

350

Revolving Credit Facility [Member]

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

Long-term Debt

^[4]

200

Revolving Credit Facility [Member] | Level 2

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

Long-term debt, including current portion, Fair Value

^[4]

$ 200

$ 0

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

9 Months Ended

Jun. 27, 2020

Jun. 29, 2019

Tranche F | Interest Rate Swap

Derivative [Line Items]

Derivative, Fixed Interest Rate

4.90%

Derivative, Variable Interest Rate

2.40%

Derivative, Basis Spread on Variable Rate

2.50%

Derivative, Notional Amount

$ 1,000

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, Fixed Interest Rate

5.50%

Derivative, Variable Interest Rate

3.00%

Derivative, Basis Spread on Variable Rate

2.50%

Derivative, Notional Amount

$ 1,400

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, Fixed Interest Rate

5.30%

Derivative, Variable Interest Rate

2.80%

Derivative, Basis Spread on Variable Rate

2.50%

Derivative, Notional Amount

$ 750

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

Derivative [Line Items]

Derivative, Fixed Interest Rate

5.50%

Derivative, Variable Interest Rate

3.00%

Derivative, Basis Spread on Variable Rate

2.50%

Derivative, Notional Amount

$ 500

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

Derivative [Line Items]

Derivative, Fixed Interest Rate

5.00%

Derivative, Variable Interest Rate

2.50%

Derivative, Basis Spread on Variable Rate

2.50%

Derivative, Notional Amount

$ 750

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

Derivative [Line Items]

Derivative, Fixed Interest Rate

5.60%

Derivative, Variable Interest Rate

3.10%

Derivative, Basis Spread on Variable Rate

2.50%

Derivative, Notional Amount

$ 1,500

Tranche G [Member] | Interest Rate Swap

Derivative [Line Items]

Derivative, Fixed Interest Rate

4.40%

Derivative, Variable Interest Rate

1.90%

Derivative, Basis Spread on Variable Rate

2.50%

Derivative, Notional Amount

$ 500

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, Fixed Interest Rate

4.40%

Derivative, Variable Interest Rate

1.90%

Derivative, Basis Spread on Variable Rate

2.50%

Derivative, Notional Amount

$ 400

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

Derivative [Line Items]

Derivative, Fixed Interest Rate

5.60%

Derivative, Variable Interest Rate

3.10%

Derivative, Basis Spread on Variable Rate

2.50%

Derivative, Notional Amount

$ 900

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

Derivative [Line Items]

Derivative, Fixed Interest Rate

5.50%

Derivative, Variable Interest Rate

3.00%

Derivative, Basis Spread on Variable Rate

2.50%

Derivative, Notional Amount

$ 400

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

Derivative [Line Items]

Interest Expense

^[1]

$ (3)

$ (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).

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

Jun. 27, 2020

Sep. 30, 2019

Derivative [Line Items]

Derivative Asset, Fair Value, Gross Asset

^[1]

$ 0

$ 1

Derivative Asset, Fair Value, Gross Liability

^[1]

(395)

(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]

$ (395)

$ (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 increase in the interest rate swap liability is primarily attributable to a downward trend in the LIBO rate during the second and third quarters of fiscal 2020.

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

9 Months Ended

Jun. 27, 2020

Jun. 29, 2019

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

Derivative [Line Items]

Interest Expense

^[1]

$ (3.0)

$ (2.0)

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

$ 50.2

interest expense, derivative instruments settlements

$ 2.5

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 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

$ 78.9

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

6.0

Selling, General and Administrative Expenses [Member]

Derivative [Line Items]

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

3.7

Sales [Member]

Derivative [Line Items]

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

$ 2.2

[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)	9 Months Ended
SEGMENTS - Narratives (Details)	Jun. 27, 2020 Segment
Segment Reporting [Abstract]
Number of reporting segments	3

SEGMENTS - Net Sales by Reportable Segments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019
Segment Reporting Information [Line Items]
NET SALES	$ 1,022	$ 1,521	$ 3,930	$ 3,682
Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	556	769	2,056	1,960
Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	434	711	1,762	1,609
Operating Segments \| Non- aviation
Segment Reporting Information [Line Items]
NET SALES	32	41	112	113
Commercial OEM [Member] \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	118	198	493	475
Commercial OEM [Member] \| Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	155	261	628	568
Commercial Aftermarket [Member] \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	112	209	557	552
Commercial Aftermarket [Member] \| Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	107	241	571	624
Defense [Member] \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	326	362	1,006	933
Defense [Member] \| Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	$ 172	$ 209	$ 563	$ 417

SEGMENTS - EBITDA Defined by Segment to Consolidated Income Before Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	$ 424	$ 659	$ 1,780	$ 1,712
Interest expense - net	262	241	762	614
Non-cash stock compensation expense			59	70
Refinancing costs	1	0	27	3
Income from continuing operations before income taxes	34	183	664	696
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	448	697	1,842	1,782
Operating Segments \| Power & Control
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	270	378	1,036	1,006
Operating Segments \| Airframe
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	166	306	767	740
Operating Segments \| Non- aviation
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	12	13	39	36
Corporate, Non-Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	24	38	62	70
Segment Reconciling Items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Depreciation and amortization expense	70	63	211	138
Interest expense - net	(262)	(241)	(762)	(614)
Acquisition-related costs	3	135	19	185
Non-cash stock compensation expense	21	32	59	70
Refinancing costs	1	0	27	3
COVID-19 & 737 MAX restructuring costs	30	0	30	0
Other, net	$ 3	$ 5	$ 8	$ 6

SEGMENTS - Total Assets by Segment (Details) - USD ($) $ in Millions	Jun. 27, 2020	Sep. 30, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 18,179	$ 16,255
Operating Segments \| Power & Control
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	7,001	7,037
Operating Segments \| Airframe
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	6,641	6,672
Operating Segments \| Non- aviation
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	251	262
Corporate, Non-Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	4,286	1,322
Discontinued Operations, Held-for-sale [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 0	$ 962

RETIREMENT BENEFITS Tables (Details) - Net Periodic Benefit Cost - Pension Plan [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019
UNITED STATES
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Service Cost	$ 2	$ 2	$ 6	$ 3
Defined Benefit Plan, Interest Cost	3	3	8	5
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(5)	(4)	(14)	(6)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment	0	0	0	0
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0	0	1	0
Defined Benefit Plan, Amortization of Gain (Loss)	0	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	0	1	1	2
Foreign Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Service Cost	1	2	3	2
Defined Benefit Plan, Interest Cost	1	1	4	2
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(2)	(2)	(6)	(2)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment	0	0	0	0
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	1	0	1	0
Defined Benefit Plan, Amortization of Gain (Loss)	0	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 1	$ 1	$ 2	$ 2

ACCUMULATED OTHER COMPREHENSIVE LOSS - Narratives (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 27, 2020	Jun. 29, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Loss, Derivatives Qualifying as Hedges, Tax	$ (40.0)	$ 64.0

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

9 Months Ended

Jun. 27, 2020

USD ($)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Balance at beginning of period

$ (379)

Current-period other comprehensive (loss) income

(111)

Balance at end of period

(490)

Unrealized (loss) gain 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 (loss) income

(136)

^[1]

Balance at end of period

(308)

^[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 (loss) income

^[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 (loss) income

Balance at end of period

$ (148)

[1]	Unrealized (loss) gain represents derivative instruments, net of taxes of $(6) million and $22 million for the thirteen week periods ended June 27, 2020 and June 29, 2019, respectively, and $(40) million and $64 million for the thirty-nine week periods ended June 27, 2020 and June 29, 2019, respectively
[2]	There were no material pension liability adjustments, net of taxes, for the thirteen and thirty-nine week periods ended June 27, 2020 and June 29, 2019.

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

3 Months Ended

9 Months Ended

Jun. 27, 2020

Jun. 29, 2019

Jun. 27, 2020

Jun. 29, 2019

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

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

$ (39,000)

$ (55,000)

$ (112,000)

$ (172,000)

Losses reclassified into earnings, net of tax

$ (6,000)

$ 145,000

618,000

543,000

Unrealized (loss) gain 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]

3,000

2,000

Losses from settlement of foreign currency forward contracts

^[2]

(3,000)

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

1,000

Losses reclassified into earnings, net of tax

$ 0

$ 3,000

[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) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 27, 2020	Jun. 27, 2020
Leases [Abstract]
Operating Lease, Cost	$ 7	$ 21
Finance Lease, Right-of-Use Asset, Amortization	1	2
Finance Lease, Interest Expense	1	3
Lease, Cost	$ 9	$ 26

LEASES Supplemental Cash Flow Information Related To Leases (Details) $ in Thousands	9 Months Ended
	Jun. 27, 2020 USD ($)
Leases [Abstract]
Operating Lease, Payments	$ 21,000
Finance Lease, Principal Payments	3,000
Finance Lease, Interest Payment on Liability	1
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 21,000

LEASES Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Millions	Jun. 27, 2020	Oct. 01, 2019
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	6 years 1 month 6 days
Operating Lease, Right-of-Use Asset	$ 102	$ 99
Operating Lease, Liability, Current	22
Operating Lease, Liability, Noncurrent	86
Operating Lease, Liability	108	$ 105
Finance Lease, Right-of-Use Asset	68
Finance Lease, Liability, Current	2
Finance Lease, Liability, Noncurrent	55
Finance Lease, Liability	$ 57
Finance Lease, Weighted Average Remaining Lease Term	16 years 7 months 6 days
Operating Lease, Weighted Average Discount Rate, Percent	6.20%
Finance Lease, Weighted Average Discount Rate, Percent	7.20%

LEASES Maturities of Lease Liabilities Operating and Financing (Details) - USD ($) $ in Millions	Jun. 27, 2020	Oct. 01, 2019
Leases [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 7
Capital Leases, Future Minimum Payments Due, Next Twelve Months	1
Operating Leases, Future Minimum Payments, Due in Two Years	27
Capital Leases, Future Minimum Payments Due in Two Years	6
Operating Leases, Future Minimum Payments, Due in Three Years	24
Capital Leases, Future Minimum Payments Due in Three Years	6
Operating Leases, Future Minimum Payments, Due in Four Years	19
Capital Leases, Future Minimum Payments Due in Four Years	6
Operating Leases, Future Minimum Payments, Due in Five Years	16
Capital Leases, Future Minimum Payments Due in Five Years	6
Operating Leases, Future Minimum Payments, Due Thereafter	39
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	44
Operating Lease, Liability	108	$ 105
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments	$ 57

LEASES Maturities of Lease Liabilities (Details) $ in Millions	Jun. 27, 2020 USD ($)
Leases [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 7
Operating Leases, Future Minimum Payments, Due in Two Years	28
Operating Leases, Future Minimum Payments, Due in Three Years	24
Operating Leases, Future Minimum Payments, Due in Four Years	19
Operating Leases, Future Minimum Payments, Due in Five Years	16
Operating Leases, Future Minimum Payments, Due Thereafter	42
Operating Leases, Future Minimum Payments Due	$ 136

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	9 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Jun. 27, 2020 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Insurance deductible	$ 1
Insurance Recoveries	$ 26

DISCONTINUED OPERATIONS Schedule of Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019	Sep. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 1,022	$ 1,521	$ 3,930	$ 3,682
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(1)	17	66	19
Disposal Group, Including Discontinued Operation, Assets, Current	0		0		$ 962
Disposal Group, Including Discontinued Operation, Liabilities, Current	0		0		157
Souriau Sunbank [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations before gain or loss on disposal net of tax			7
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax			59
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(1)	11	66	12
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents					29
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
Souriau Sunbank and EIT [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	0	138	79	166
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	(1)	23	12	26
Discontinued Operation, Tax Effect of Discontinued Operation	0	6	5	7
Income (loss) from discontinued operations before gain or loss on disposal net of tax	(1)	17	7	19
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	0	0	59	0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	$ (1)	$ 17	$ 66	$ 19

DISCONTINUED OPERATIONS Narrative (Details) - USD ($) $ in Millions			3 Months Ended		9 Months Ended
	Dec. 20, 2019	Sep. 20, 2019	Jun. 27, 2020	Jun. 29, 2019	Jun. 27, 2020	Jun. 29, 2019	Sep. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(LOSS) INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX			$ (1)	$ 17	$ 66	$ 19
Disposal Group, Including Discontinued Operation, Assets, Current			0		0		$ 962
Disposal Group, Including Discontinued Operation, Liabilities, Current			0		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					59
Divestiture, Sale Price	$ 920
(LOSS) INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX			$ (1)	11	66	12
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					$ 7
Esterline Interface Technology Group [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Divestiture, Sale Price		$ 190
(LOSS) INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX				$ 6		$ 7

- 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