Segment and Geographic Data

12 Months Ended

Sep. 25, 2015

Segment and Geographic Data

Segment and Geographic Data

22. Segment and Geographic Data

        During fiscal 2015, we reorganized our management structure and segments to better align the organization around our strategy. Our businesses in the former Consumer Solutions segment and our continuing businesses in the former Network Solutions segment have been moved into the newly created Communications Solutions segment. (See Note 4 for information regarding discontinued operations.) In addition, the former Data Communications and Consumer Devices businesses have been combined to form the Data and Devices business. We now operate through three reportable segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. See Note 1 for a description of the segments in which we operate. We aggregate our operating segments into reportable segments based upon similar economic characteristics and business groupings of products, services, and customers.

        Segment performance is evaluated based on net sales and operating income. Generally, we consider all expenses to be of an operating nature and, accordingly, allocate them to each reportable segment. Costs specific to a segment are charged to the segment. Corporate expenses, such as headquarters administrative costs, are allocated to the segments based on segment operating income. Intersegment sales were not material and were recorded at selling prices that approximate market prices. Corporate assets are allocated to the segments based on segment assets.

        The following segment information reflects our current segment reporting structure. Prior period segment results have been restated to conform to the current segment reporting structure.

        Net sales and operating income by segment were as follows:

	Net Sales						Operating Income
	Fiscal						Fiscal
	2015		2014		2013		2015		2014		2013
	(in millions)
Transportation Solutions	$	6,351	$	6,090	$	5,485	$	1,193	$	1,245	$	934
Industrial Solutions		3,179		3,302		3,100		352		431		344
Communications Solutions		2,703		2,581		2,805		204		129		107
Total	$	12,233	$	11,973	$	11,390	$	1,749	$	1,805	$	1,385

        No single customer accounted for a significant amount of our net sales in fiscal 2015, 2014, and 2013.

        As we are not organized by product or service, it is not practicable to disclose net sales by product or service.

        Depreciation and amortization and capital expenditures were as follows:

	Depreciation and Amortization						Capital Expenditures
	Fiscal						Fiscal
	2015		2014		2013		2015		2014		2013
	(in millions)
Transportation Solutions	$	347	$	285	$	294	$	400	$	379	$	325
Industrial Solutions		123		102		92		104		143		111
Communications Solutions		146		164		150		96		113		145
Total	$	616	$	551	$	536	$	600	$	635	$	581

        Segment assets and a reconciliation of segment assets to total assets were as follows:

	Segment Assets
	Fiscal Year End
	2015		2014		2013
	(in millions)
Transportation Solutions	$	3,310	$	3,062	$	2,983
Industrial Solutions		1,720		1,735		1,640
Communications Solutions		1,625		1,689		1,764
Total segment assets(1)		6,655		6,486		6,387
Other current assets		4,152		5,313		4,243
Other non-current assets		9,801		8,353		7,831
Total assets	$	20,608	$	20,152	$	18,461

(1) Segment assets are composed of accounts receivable, inventories, and property, plant, and equipment.

        Net sales and net property, plant, and equipment by geographic region were as follows:

	Net Sales(1)						Property, Plant, and Equipment, Net
	Fiscal						Fiscal Year End
	2015		2014		2013		2015		2014		2013
	(in millions)
Americas:
U.S.	$	3,817	$	3,119	$	3,042	$	887	$	837	$	867
Other Americas		321		396		414		87		97		49
Total Americas		4,138		3,515		3,456		974		934		916
Asia–Pacific:
China		2,367		2,331		2,072		529		492		495
Other Asia–Pacific		1,736		1,903		1,914		461		468		490
Total Asia–Pacific		4,103		4,234		3,986		990		960		985
Europe/Middle East/Africa:
Switzerland		2,992		3,483		3,216		55		54		54
Germany		117		126		123		313		330		346
Other Europe/Middle East/Africa		883		615		609		588		642		650
Total Europe/Middle East/Africa		3,992		4,224		3,948		956		1,026		1,050
Total	$	12,233	$	11,973	$	11,390	$	2,920	$	2,920	$	2,951

(1) Net sales to external customers is attributed to individual countries based on the legal entity that records the sale.