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