Guarantor and Non-Guarantor Financial Information (Tables)

9 Months Ended

Jun. 29, 2019

Guarantor and Non-Guarantor Financial Information [Abstract]

Condensed Supplemental Consolidated Financial Information

Condensed Supplemental Consolidated Balance Sheet

	June 29, 2019
	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
Current assets	$	—	$	203	$	1,160	$	816	$	—		$	2,179
Intercompany receivable		203		1,762		—		24		(1,989	)		—
Property, plant, and equipment, net		—		80		1,655		716		—			2,451
Other assets		1,688		6,402		4,740		426		(9,077	)		4,179
Total assets	$	1,891	$	8,447	$	7,555	$	1,982	$	(11,066	)	$	8,809
Current liabilities	$	12	$	356	$	513	$	275	$	—		$	1,156
Intercompany payable		—		—		1,989		—		(1,989	)		—
Other long-term liabilities		333		5,650		57		67		—			6,107
Stockholders' equity		1,546		2,441		4,996		1,640		(9,077	)		1,546
Total liabilities and stockholders' equity	$	1,891	$	8,447	$	7,555	$	1,982	$	(11,066	)	$	8,809

	September 29, 2018
	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
Current assets	$	—	$	249	$	1,240	$	796	$	—		$	2,285
Intercompany receivable		296		1,907		—		49		(2,252	)		—
Property, plant and equipment, net		—		79		1,684		725		—			2,488
Other assets		1,544		6,247		4,849		487		(8,769	)		4,358
Total assets	$	1,840	$	8,482	$	7,773	$	2,057	$	(11,021	)	$	9,131
Current liabilities	$	18	$	218	$	635	$	366	$	—		$	1,237
Intercompany payable		—		—		2,252		—		(2,252	)		—
Other long-term liabilities		388		5,945		68		59		—			6,460
Stockholders' equity		1,434		2,319		4,818		1,632		(8,769	)		1,434
Total liabilities and stockholders' equity	$	1,840	$	8,482	$	7,773	$	2,057	$	(11,021	)	$	9,131

Condensed Supplemental Consolidated Statements of Income

	Quarterly Period Ended June 29, 2019
	Parent			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
Net sales	$	—		$	139		$	1,358	$	440	$	—		$	1,937
Cost of goods sold		—			43			1,139		375		—			1,557
Selling, general and administrative		—			13			84		28		—			125
Amortization of intangibles		—			—			33		5		—			38
Restructuring and impairment charges		—			—			1		1		—			2
Operating income		—			83			101		31		—			215
Other expense (income), net		—			135			—		1		—			136
Interest expense, net		—			5			51		15		—			71
Equity in net income of subsidiaries		(8	)		(51	)		—		—		59			—
Income before income taxes		8			(6	)		50		15		(59	)		8
Income tax expense		(5	)		(19	)		—		14		5			(5	)
Net income	$	13		$	13		$	50	$	1	$	(64	)	$	13
Comprehensive net income	$	13		$	(24	)	$	50	$	13	$	(64	)	$	(12	)

	Quarterly Period Ended June 30, 2018
	Parent			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	147		$	1,452	$	473		$	—		$	2,072
Cost of goods sold		—			121			1,173		396			—			1,690
Selling, general and administrative		—			14			70		35			—			119
Amortization of intangibles		—			—			34		6			—			40
Restructuring and impairment charges		—			—			4		3			—			7
Operating income (loss)		—			12			171		33			—			216
Other income, net		—			—			1		2			—			3
Interest expense, net		—			5			46		16			—			67
Equity in net income of subsidiaries		(146	)		(128	)		—		—			274			—
Income before income taxes		146			135			124		15			(274	)		146
Income tax expense		36			25			3		8			(36	)		36
Net income	$	110		$	110		$	121	$	7		$	(238	)	$	110
Comprehensive net income	$	110		$	133		$	121	$	(104	)	$	(238	)	$	22

	Three Quarterly Periods Ended June 29, 2019
	Parent			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
Net sales	$	—		$	417		$	4,097	$	1,345	$	—		$	5,859
Cost of goods sold		—			204			3,403		1,147		—			4,754
Selling, general and administrative		—			50			259		83		—			392
Amortization of intangibles		—			—			102		17		—			119
Restructuring and impairment charges		—			—			11		7		—			18
Operating income		—			163			322		91		—			576
Other expense (income), net		—			154			2		3		—			159
Interest expense, net		—			14			142		45		—			201
Equity in net income of subsidiaries		(216	)		(188	)		—		—		404			—
Income before income taxes		216			183			178		43		(404	)		216
Income tax expense		41			8			—		33		(41	)		41
Net income	$	175		$	175		$	178	$	10	$	(363	)	$	175
Comprehensive net income	$	175		$	122		$	178	$	8	$	(363	)	$	120

	Three Quarterly Periods Ended June 30, 2018
	Parent			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	424		$	4,026	$	1,365		$	—		$	5,815
Cost of goods sold		—			322			3,265		1,146			—			4,733
Selling, general and administrative		—			44			233		89			—			366
Amortization of intangibles		—			—			96		20			—			116
Restructuring and impairment charges		—			—			20		13			—			33
Operating income		—			58			412		97			—			567
Other expense (income), net		—			5			8		4			—			17
Interest expense, net		—			14			134		47			—			195
Equity in net income of subsidiaries		(355	)		(287	)		—		—			642			—
Income before income taxes		355			326			270		46			(642	)		355
Income tax expense		(8	)		(37	)		4		25			8			(8	)
Net income	$	363		$	363		$	266	$	21		$	(650	)	$	363
Comprehensive net income	$	363		$	387		$	266	$	(79	)	$	(650	)	$	287

Condensed Supplemental Consolidated Statements of Cash Flows

	Three Quarterly Periods Ended June 29, 2019
	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Cash Flow from Operating Activities	$	—		$	109		$	448		$	14		$	—		$	571
Cash Flow from Investing Activities
Additions to  property, plant, and equipment		—			—			(180	)		(91	)		—			(271	)
Proceeds from sale of assets		—			—			—			—			—			—
(Contributions) distributions to/from subsidiaries		31			(31	)		—			—			—			—
Intercompany advances (repayments)		—			193			—			—			(193	)		—
Acquisition of business, net of cash acquired		—			—			2			—			—			2
Net cash from investing activities		31			162			(178	)		(91	)		(193	)		(269	)
Cash Flow from Financing Activities
Repayments on long-term borrowings		—			(377	)		(5	)		(1	)		—			(383	)
Proceeds from issuance of common stock		43			—			—			—			—			43
Repurchase of common stock		(74	)		—			—			—			—			(74	)
Payment of tax receivable agreement		(16	)		—			—			—			—			(16	)
Changes in intercompany balances		16			—			(267	)		58			193			—
Net cash from financing activities		(31	)		(377	)		(272	)		57			193			(430	)
Effect of exchange rate changes on cash		—			—			—			2			—			2
Net change in cash		—			(106	)		(2	)		(18	)		—			(126	)
Cash and cash equivalents at beginning of period		—			133			4			244			—			381
Cash and cash equivalents at end of period	$	—		$	27		$	2		$	226		$	—		$	255

	Three Quarterly Periods Ended June 30, 2018
	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Cash Flow from Operating Activities	$	—		$	29		$	480		$	47		$	—		$	556
Cash Flow from Investing Activities
Additions to property, plant, and equipment		—			(5	)		(194	)		(71	)		—			(270	)
Proceeds from sale of assets		—			—			—			3			—			3
(Contributions) distributions to/from subsidiaries		(17	)		(457	)		—			—			474			—
Intercompany advances (repayments)		—			314			—			—			(314	)		—
Acquisition of business, net of cash acquired		—			—			(404	)		(70	)		—			(474	)
Net cash from investing activities		(17	)		(148	)		(598	)		(138	)		160			(741	)
Cash Flow from Financing Activities
Proceeds from long-term borrowings		—			497			—			—			—			497
Repayments on long-term borrowings		—			(219	)		(5	)		—			—			(224	)
Proceeds from issuance of common stock		17			—			—			—			—			17
Payment of tax receivable agreement		(37	)		—			—			—			—			(37	)
Contribution from Parent		—			—			404			70			(474	)		—
Debt financing costs		—			(1	)		—			—			—			(1	)
Changes in intercompany balances		37			—			(291	)		(60	)		314			—
Net cash from financing activities		17			277			108			10			(160	)		252
Effect of exchange rate changes on cash		—			—			—			(8	)		—			(8	)
Net change in cash		—			158			(10	)		(89	)		—			59
Cash and cash equivalents at beginning of period		—			18			12			276			—			306
Cash and cash equivalents at end of period	$	—		$	176		$	13		$	187		$	—		$	365