XML 14 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 25, 2016
Mar. 27, 2015
Mar. 25, 2016
Mar. 27, 2015
CONSOLIDATED STATEMENTS OF OPERATIONS        
Net sales $ 2,952 $ 3,082 $ 5,785 $ 6,131
Cost of sales 1,990 2,031 3,878 4,060
Gross margin 962 1,051 1,907 2,071
Selling, general, and administrative expenses 367 391 707 777
Research, development, and engineering expenses 156 160 318 320
Acquisition and integration costs 3 14 8 38
Restructuring and other charges (credits), net (99) 38 (59) 63
Operating income 535 448 933 873
Interest income 4 4 10 9
Interest expense (32) (37) (62) (71)
Other income (expense), net 12 (5) 20 (75)
Income from continuing operations before income taxes 519 410 901 736
Income tax (expense) benefit (130) (94) (188) 15
Income from continuing operations 389 316 713 751
Income (loss) from discontinued operations, net of income taxes (9) 283 20 320
Net Income $ 380 $ 599 $ 733 $ 1,071
Basic earnings per share:        
Income from continuing operations (in dollars per share) $ 1.07 $ 0.78 $ 1.90 $ 1.85
Income (loss) from discontinued operations (in dollars per share) (0.02) 0.70 0.05 0.79
Net income (in dollars per share) 1.04 1.47 1.95 2.63
Diluted earnings per share:        
Income from continuing operations (in dollars per share) 1.06 0.77 1.88 1.82
Income (loss) from discontinued operations (in dollars per share) (0.02) 0.69 0.05 0.77
Net income (in dollars per share) 1.03 1.45 1.93 2.59
Dividends paid per common share $ 0.33 $ 0.29 $ 0.66 $ 0.58
Weighted-average number of shares outstanding:        
Basic (in shares) 364 407 375 407
Diluted (in shares) 368 413 379 413