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Restructuring and Other Charges (Credits), Net (Tables)
6 Months Ended
Mar. 25, 2016
Restructuring and Other Charges (Credits), Net  
Schedule of restructuring and other charges (credits)

                                                                                                                                                                                    

 

 

For the
Quarters Ended

 

For the
Six Months Ended

 

 

 

March 25,
2016

 

March 27,
2015

 

March 25,
2016

 

March 27,
2015

 

 

 

(in millions)

 

Restructuring charges, net

 

$

26

 

$

36

 

$

61

 

$

61

 

Gain on divestiture

 

 

(146

)

 

—

 

 

(146

)

 

—

 

Other charges, net

 

 

21

 

 

2

 

 

26

 

 

2

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

 

 

$

(99

)

$

38

 

$

(59

)

$

63

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

 

Net restructuring charges by segment

                                                                                                                                                                                    

 

 

For the
Quarters Ended

 

For the
Six Months Ended

 

 

 

March 25,
2016

 

March 27,
2015

 

March 25,
2016

 

March 27,
2015

 

 

 

(in millions)

 

Transportation Solutions

 

$

4 

 

$

1 

 

$

19 

 

$

2 

 

Industrial Solutions

 

 

14 

 

 

15 

 

 

23 

 

 

17 

 

Communications Solutions

 

 

8 

 

 

20 

 

 

19 

 

 

42 

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Restructuring charges, net

 

$

26 

 

$

36 

 

$

61 

 

$

61 

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

 

Summary of activity in restructuring reserves

                                                                                                                                                                                    

 

 

Balance at
September 25,
2015

 

Charges

 

Changes
in
Estimates

 

Cash
Payments

 

Non-Cash
Items

 

Balance at
March 25,
2016

 

 

 

(in millions)

 

Fiscal 2016 Actions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee severance

 

$

—

 

$

50

 

$

—

 

$

(8

)

$

—

 

$

42

 

Facility and other exit costs

 

 

—

 

 

2

 

 

—

 

 

(2

)

 

—

 

 

—

 

Property, plant, and equipment

 

 

—

 

 

8

 

 

—

 

 

—

 

 

(8

)

 

—

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Total

 

 

—

 

 

60

 

 

—

 

 

(10

)

 

(8

)

 

42

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Fiscal 2015 Actions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee severance

 

 

45

 

 

3

 

 

—

 

 

(23

)

 

—

 

 

25

 

Facility and other exit costs

 

 

1

 

 

—

 

 

—

 

 

(1

)

 

—

 

 

—

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Total

 

 

46

 

 

3

 

 

—

 

 

(24

)

 

—

 

 

25

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Pre-Fiscal 2015 Actions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee severance

 

 

24

 

 

—

 

 

(3

)

 

(7

)

 

—

 

 

14

 

Facility and other exit costs

 

 

14

 

 

1

 

 

—

 

 

(2

)

 

—

 

 

13

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Total

 

 

38

 

 

1

 

 

(3

)

 

(9

)

 

—

 

 

27

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Total Activity

 

$

84

 

$

64

 

$

(3

)

$

(43

)

$

(8

)

$

94

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

 

Restructuring reserves included on Condensed Consolidated Balance Sheets

                                                                                                                                                                                    

 

 

March 25,
2016

 

September 25,
2015

 

 

 

(in millions)

 

Accrued and other current liabilities

 

$

67 

 

$

60 

 

Other liabilities

 

 

27 

 

 

24 

 

​

​

​  

​  

​

​  

​  

​

Restructuring reserves

 

$

94 

 

$

84 

 

​

​

​  

​  

​

​  

​  

​

​

​

​  

​  

​

​  

​  

​

 

Fiscal 2016 Actions  
Restructuring and Other Charges, Net  
Summary of charges by segment

                                                                                                                                                                                    

 

 

Total
Expected
Charges

 

Charges Incurred
For the Six
Months Ended
March 25, 2016

 

Remaining
Expected
Charges

 

 

 

(in millions)

 

Transportation Solutions

 

$

23 

 

$

16 

 

$

7 

 

Industrial Solutions

 

 

26 

 

 

23 

 

 

3 

 

Communications Solutions

 

 

44 

 

 

21 

 

 

23 

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

Total

 

$

93 

 

$

60 

 

$

33 

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​

​

​  

​  

​

​  

​  

​

​  

​  

​