Guarantor and Non-Guarantor Financial Information (Tables)

3 Months Ended

Dec. 28, 2019

Guarantor and Non-Guarantor Financial Information [Abstract]

Condensed Supplemental Consolidated Financial Information

Condensed Supplemental Consolidated Statements of Income

	Quarterly Period Ended December 28, 2019
	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Net sales	$	—		$	129		$	1,238		$	1,449	$	—		$	2,816
Cost of goods sold		—			78			1,025			1,193		—			2,296
Selling, general and administrative		—			28			88			113		—			229
Amortization of intangibles		—			—			32			43		—			75
Restructuring and transaction activities		—			4			2			11		—			17
Operating income		—			19			91			89		—			199
Other expense (income), net		—			5			(1	)		9		—			13
Interest expense, net		—			9			84			25		—			118
Equity in net income of subsidiaries		(68	)		(24	)		—			—		92			—
Income before income taxes		68			29			8			55		(92	)		68
Income tax expense		21			(18	)		—			39		(21	)		21
Net income	$	47		$	47		$	8		$	16	$	(71	)	$	47
Comprehensive net income	$	47		$	(41	)	$	8		$	209	$	(71	)	$	152

	Quarterly Period Ended December 29, 2018
	Parent			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	141		$	1,377	$	454		$	—		$	1,972
Cost of goods sold		—			85			1,141		390			—			1,616
Selling, general and administrative		—			13			87		24			—			124
Amortization of intangibles		—			—			36		6			—			42
Restructuring and transaction activities		—			—			8		6			—			14
Operating income (loss)		—			43			105		28			—			176
Other income, net		—			1			1		(2	)		—			—
Interest expense, net		—			5			45		14			—			64
Equity in net income of subsidiaries		(112	)		(67	)		—		—			179			—
Income before income taxes		112			104			59		16			(179	)		112
Income tax expense		24			16			—		8			(24	)		24
Net income	$	88		$	88		$	59	$	8		$	(155	)	$	88
Comprehensive net income	$	88		$	79		$	59	$	(4	)	$	(155	)	$	67

Condensed Supplemental Consolidated Balance Sheets

	December 28, 2019
	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
Current assets	$	—	$	269	$	1,153	$	2,251	$	—		$	3,673
Intercompany receivable		549		1,078		—		332		(1,959	)		—
Property, plant, and equipment		—		77		1,696		3,026		—			4,799
Other assets		1,968		13,415		4,671		4,420		(15,922	)		8,552
Total assets	$	2,517	$	14,839	$	7,520	$	10,029	$	(17,881	)	$	17,024
Current liabilities	$	—	$	460	$	514	$	1,103	$	—		$	2,077
Intercompany payable		—		—		1,959		—		(1,959	)		—
Other long-term liabilities		731		11,715		68		647		—			13,161
Stockholders' equity		1,786		2,664		4,979		8,279		(15,922	)		1,786
Total liabilities and stockholders' equity	$	2,517	$	14,839	$	7,520	$	10,029	$	(17,881	)	$	17,024

	September 28, 2019
	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
Current assets	$	—	$	172	$	1,065	$	2,520	$	—		$	3,757
Intercompany receivable		503		1,401		—		381		(2,285	)		—
Property, plant and equipment		—		78		1,645		2,991		—			4,714
Other assets		1,918		12,873		4,706		4,252		(15,751	)		7,998
Total assets	$	2,421	$	14,524	$	7,416	$	10,144	$	(18,036	)	$	16,469
Current liabilities	$	—	$	349	$	513	$	1,177	$	—		$	2,039
Intercompany payable		—		—		1,859		426		(2,285	)		—
Other long-term liabilities		803		11,465		73		471		—			12,812
Stockholders' equity		1,618		2,710		4,971		8,070		(15,751	)		1,618
Total liabilities and stockholders' equity	$	2,421	$	14,524	$	7,416	$	10,144	$	(18,036	)	$	16,469

Condensed Supplemental Consolidated Statements of Cash Flows

	Quarterly Period Ended December 28, 2019
	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Cash Flow from Operating Activities	$	—		$	42		$	97		$	79		$	—		$	218
Cash Flow from Investing Activities
Additions to  property, plant, and equipment		—			—			(66	)		(82	)		—			(148	)
(Contributions) distributions to/from subsidiaries		(2	)		2			—			—			—			—
Acquisition of business		—			—			—			1			—			1
Divestiture of business		—			(1	)		—			—			—			(1	)
Intercompany advances (repayments)		—			191			—			—			(191	)		—
Net cash from investing activities		(2	)		192			(66	)		(81	)		(191	)		(148	)
Cash Flow from Financing Activities
Repayments on long-term borrowings		—			(161	)		(1	)		(2	)		—			(164	)
Proceeds from issuance of common stock		2			—			—			—			—			2
Debt financing costs		—			(2	)		—			—			—			(2	)
Changes in intercompany balances		—			—			(6	)		(185	)		191			—
Net cash from financing activities		2			(163	)		(7	)		(187	)		191			(164	)
Effect of exchange rate changes on cash		—			—			—			17			—			17
Net change in cash		—			71			24			(172	)		—			(77	)
Cash and cash equivalents at beginning of period		—			42			2			706			—			750
Cash and cash equivalents at end of period	$	—		$	113		$	26		$	534		$	—		$	673

	Quarterly Period Ended December 29, 2018
	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Cash Flow from Operating Activities	$	—		$	55		$	155		$	(49	)	$	—		$	161
Cash Flow from Investing Activities
Additions to property, plant, and equipment		—			—			(59	)		(16	)		—			(75	)
(Contributions) distributions to/from subsidiaries		47			(47	)		—			—			—			—
Intercompany advances (repayments)		—			38			—			—			(38	)		—
Net cash from investing activities		47			(9	)		(59	)		(16	)		(38	)		(75	)
Cash Flow from Financing Activities
Repayments on long-term borrowings		—			(108	)		(2	)		—			—			(110	)
Proceeds from issuance of common stock		5			—			—			—			—			5
Repurchase of common stock		(52	)		—			—			—			—			(52	)
Payment of tax receivable agreement		(16	)		—			—			—			—			(16	)
Changes in intercompany balances		16			—			(93	)		39			38			—
Net cash from financing activities		(47	)		(108	)		(95	)		39			38			(173	)
Effect of exchange rate changes on cash		—			—			—			(1	)		—			(1	)
Net change in cash		—			(62	)		1			(27	)		—			(88	)
Cash and cash equivalents at beginning of period		—			133			4			244			—			381
Cash and cash equivalents at end of period	$	—		$	71		$	5		$	217		$	—		$	293