Guarantor and Non-Guarantor Financial Information (Tables)

12 Months Ended

Sep. 28, 2019

Guarantor and Non-Guarantor Financial Information [Abstract]

Condensed Supplemental Consolidated Financial Information

Condensed Supplemental Consolidated Statements of Operations

	Fiscal 2019
	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	561		$	5,390		$	2,927		$	—		$	8,878
Cost of goods sold		—			381			4,500			2,378			—			7,259
Selling, general and administrative		—			66			333			184			—			583
Amortization of intangibles		—			—			135			59			—			194
Restructuring and impairment charges		—			—			52			(184	)		—			(132	)
Operating income		—			114			370			490			—			974
Other (income) expense, net		—			163			—			(8	)		—			155
Interest expense, net		—			20			219			90			—			329
Equity in net income of subsidiaries		(490	)		(496	)		—			—			986			—
Income (loss) before income taxes		490			427			151			408			(986	)		490
Income tax expense (benefits)		86			23			(2	)		65			(86	)		86
Net income (loss)	$	404		$	404		$	153		$	343		$	(900	)	$	404
Currency translation		(71	)		136			—			(207	)		71			(71	)
Pension and postretirement benefit		(55	)		(48	)		—			(7	)		55			(55	)
Derivative instruments		(111	)		(108	)		—			(3	)		111			(111	)
Provision for income taxes		7			7			—			—			(7	)		7
Comprehensive  income (loss)	$	174		$	391		$	153		$	126		$	(670	)	$	174

	Fiscal 2018
	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	574		$	5,465		$	1,830		$	—		$	7,869
Cost of goods sold		—			346			4,558			1,534			—			6,438
Selling, general and administrative		—			63			309			108			—			480
Amortization of intangibles		—			1			127			26			—			154
Restructuring and impairment charges		—			—			20			16			—			36
Operating income		—			164			451			146			—			761
Other (income) expense, net		—			8			8			9			—			25
Interest expense, net		—			8			225			26			—			259
Equity in net income of subsidiaries		(477	)		(307	)		—			—			784			—
Income (loss) before income taxes		477			455			218			111			(784	)		477
Income tax expense (benefit)		(19	)		(41	)		(2	)		24			19			(19	)
Net income (loss)	$	496		$	496		$	220		$	87		$	(803	)	$	496
Currency translation		(127	)		(11	)		(3	)		(113	)		127			(127	)
Pension and postretirement benefit		3			—			—			3			(3	)		3
Derivative instruments		49			49			—			—			(49	)		49
Provision for income taxes		(13	)		(13	)		—			—			13			(13	)
Comprehensive income (loss)	$	408		$	521		$	217		$	(23	)	$	(715	)	$	408

	Fiscal 2017
	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Net sales	$	—		$	587		$	4,861		$	1,647	$	—		$	7,095
Cost of goods sold		—			438			3,920			1,333		—			5,691
Selling, general and administrative		—			55			335			104		—			494
Amortization of intangibles		—			6			120			28		—			154
Restructuring and impairment charges		—			—			14			10		—			24
Operating income		—			88			472			172		—			732
Other (income) expense, net		—			8			(1	)		7		—			14
Interest expense, net		—			12			229			28		—			269
Equity in net income of subsidiaries		(449	)		(341	)		—			—		790			—
Income (loss) before income taxes		449			409			244			137		(790	)		449
Income tax expense (benefit)		109			69			—			40		(109	)		109
Net income (loss)	$	340		$	340		$	244		$	97	$	(681	)	$	340
Currency translation		34			—			—			34		(34	)		34
Pension and postretirement benefit		38			25			—			13		(38	)		38
Derivative instruments		28			28			—			—		(28	)		28
Provision for income taxes		(20	)		(20	)		—			—		20			(20	)
Comprehensive  income (loss)	$	420		$	373		$	244		$	144	$	(761	)	$	420

Condensed Supplemental Consolidated Balance Sheets

	As of fiscal year end 2019
	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	42	$	2	$	706	$	—		$	750
Accounts receivable		—		64		482		980		—			1,526
Intercompany receivable		503		1,401		—		381		(2,285	)		—
Inventories		—		51		568		705		—			1,324
Prepaid expenses and other current assets		—		15		13		129		—			157
Total current assets		503		1,573		1,065		2,901		(2,285	)		3,757
Property, plant and equipment		—		78		1,645		2,991		—			4,714
Goodwill and intangible assets		—		78		3,600		4,153		—			7,831
Investment in subsidiaries		1,918		12,728		1,105		—		(15,751	)		—
Other assets		—		67		1		99		—			167
Total assets	$	2,421	$	14,524	$	7,416	$	10,144	$	(18,036	)	$	16,469
Liabilities and equity
Current liabilities:
Accounts payable	$	—	$	47	$	329	$	783	$	—		$	1,159
Accrued expenses and other current liabilities		—		203		179		394		—			776
Intercompany payable		—		—		1,859		426		(2,285	)		—
Current portion of long-term debt		—		99		5		—		—			104
Total current liabilities		—		349		2,372		1,603		(2,285	)		2,039
Long-term debt, less current portion		—		11,184		11		66		—			11,261
Deferred income taxes		803		—		—		—		—			803
Other long-term liabilities		—		281		62		405		—			748
Total long-term liabilities		803		11,465		73		471		—			12,812
Total liabilities		803		11,814		2,445		2,074		(2,285	)		14,851
Total equity (deficit)		1,618		2,710		4,971		8,070		(15,751	)		1,618
Total liabilities and equity (deficit)	$	2,421	$	14,524	$	7,416	$	10,144	$	(18,036	)	$	16,469

	As of fiscal year end 2018
	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	133	$	4	$	244	$	—		$	381
Accounts receivable, net		—		42		555		344		—			941
Intercompany receivable		296		1,907		—		49		(2,252	)		—
Inventories		—		56		664		167		—			887
Prepaid expenses and other current assets		—		18		17		41		—			76
Total current assets		296		2,156		1,240		845		(2,252	)		2,285
Property, plant and equipment		—		79		1,684		725		—			2,488
Goodwill and intangible assets		—		79		3,742		463		—			4,284
Investment in subsidiaries		1,513		6,151		1,105		—		(8,769	)		—
Other assets		31		17		2		24		—			74
Total assets	$	1,840	$	8,482	$	7,773	$	2,057	$	(11,021	)	$	9,131
Liabilities and equity
Current liabilities:
Accounts payable	$	—	$	42	$	468	$	273	$	—		$	783
Accrued expenses and other current liabilities		18		146		159		93		—			416
Intercompany payable		—		—		2,252		—		(2,252	)		—
Current portion of long-term debt		—		30		8		—		—			38
Total current liabilities		18		218		2,887		366		(2,252	)		1,237
Long-term debt, less current portion		—		5,782		23		1		—			5,806
Deferred income taxes		365		—		—		—		—			365
Other long-term liabilities		23		163		45		58		—			289
Total long-term liabilities		388		5,945		68		59		—			6,460
Total liabilities		406		6,163		2,955		425		(2,252	)		7,697
		—		—		—		—		—			—
Total equity (deficit)		1,434		2,319		4,818		1,632		(8,769	)		1,434
Total liabilities and equity (deficit)	$	1,840	$	8,482	$	7,773	$	2,057	$	(11,021	)	$	9,131

Condensed Supplemental Consolidated Statements of Cash Flows

	Fiscal 2019
	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Cash Flow from Operating Activities	$	—		$	89		$	693		$	419		$	—		$	1,201
Cash Flow from Investing Activities
Additions to property, plant and equipment		—			—			(235	)		(164	)		—			(399	)
Divestiture of business		—			—			—			326			—			326
Acquisition purchase price derivatives		—			(99	)		—			—			—			(99	)
(Contributions) distributions to/from subsidiaries		19			(6,090	)		—			—			6,071			—
Intercompany advances (repayments)		—			517			—			—			(517	)		—
Acquisition of business		—			—			(8	)		(6,071	)		—			(6,079	)
Net cash from investing activities		19			(5,672	)		(243	)		(5,909	)		5,554			(6,251	)
Cash Flow from Financing Activities
Proceeds from long-term borrowings		—			6,784			—			—			—			6,784
Repayment of long-term borrowings		—			(1,205	)		(7	)		(2	)		—			(1,214	)
Proceeds from issuance of common stock		55			—			—			—			—			55
Repurchase of common stock		(74	)		—			—			—			—			(74	)
Payment of tax receivable agreement		(38	)		—			—			—			—			(38	)
Debt financing costs		—			(87	)		—			—			—			(87	)
Changes in intercompany balances		38			—			(445	)		(110	)		517			—
Contribution from Parent		—			—			—			6,071			(6,071	)		—
Net cash from financing activities		(19	)		5,492			(452	)		5,959			(5,554	)		5,426
Effect of currency translation on cash		—			—			—			(7	)		—			(7	)
Net change in cash and cash equivalents		—			(91	)		(2	)		462			—			369
Cash and cash equivalents at beginning of period		—			133			4			244			—			381
Cash and cash equivalents at end of period	$	—		$	42		$	2		$	706		$	—		$	750

	Fiscal 2018
	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Cash Flow from Operating Activities	$	—		$	133		$	651		$	220		$	—		$	1,004
Cash Flow from Investing Activities
Additions to property, plant and equipment		—			(5	)		(241	)		(90	)		—			(336	)
Proceeds from sale of assets		—			—			3			—			—			3
(Contributions) distributions to/from subsidiaries		10			(715	)		—			—			705			—
Intercompany advances (repayments)		—			538			—			—			(538	)		—
Acquisition of business		—			—			(632	)		(70	)		—			(702	)
Net cash from investing activities		10			(182	)		(870	)		(160	)		167			(1,035	)
Cash Flow from Financing Activities
Proceeds from long-term borrowings		—			498			—			—			—			498
Repayment of long-term borrowings		—			(331	)		(3	)		(1	)		—			(335	)
Proceeds from issuance of common stock		23			—			—			—			—			23
Repurchase of common stock		(33	)		—			—			—			—			(33	)
Payment of tax receivable agreement		(37	)		—			—			—			—			(37	)
Debt financing costs		—			(3	)		—			—			—			(3	)
Changes in intercompany balances		37			—			(418	)		(157	)		538			—
Contribution from Parent		—			—			632			73			(705	)		—
Net cash from financing activities		(10	)		164			211			(85	)		(167	)		113
Effect of currency translation on cash		—			—			—			(7	)		—			(7	)
Net change in cash and cash equivalents		—			115			(8	)		(32	)		—			75
Cash and cash equivalents at beginning of period		—			18			12			276			—			306
Cash and cash equivalents at end of period	$	—		$	133		$	4		$	244		$	—		$	381

	Fiscal 2017
	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Cash Flow from Operating Activities	$	—		$	128		$	647		$	200		$	—		$	975
Cash Flow from Investing Activities
Additions to property, plant and equipment		—			(19	)		(209	)		(41	)		—			(269	)
Proceeds from sale of assets		—			1			5			—			—			6
(Contributions) distributions to/from subsidiaries		(31	)		(484	)		—			—			515			—
Intercompany advances (repayments)		—			428			—			—			(428	)		—
Acquisition of business		—			—			(515	)		—			—			(515	)
Other investing activities, net		—			4			—			—			—			4
Net cash from investing activities		(31	)		(70	)		(719	)		(41	)		87			(774	)
Cash Flow from Financing Activities
Proceeds from long-term borrowings		—			495			—			—			—			495
Repayment of long-term borrowings		—			(632	)		(3	)		(1	)		—			(636	)
Proceeds from issuance of common stock		31			—			—			—			—			31
Payment of tax receivable agreement		(111	)		—			—			—			—			(111	)
Debt financing costs		—			(5	)		—			—			—			(5	)
Changes in intercompany balances		111			—			(433	)		(106	)		428			—
Contribution from Parent		—			—			515			—			(515	)		—
Net cash from financing activities		31			(142	)		79			(107	)		(87	)		(226	)
Effect of currency translation on cash		—			—			—			8			—			8
Net change in cash and cash equivalents		—			(84	)		7			60			—			(17	)
Cash and cash equivalents at beginning of period		—			102			5			216			—			323
Cash and cash equivalents at end of period	$	—		$	18		$	12		$	276		$	—		$	306