Restructuring and Other Charges, Net (Tables)

3 Months Ended

Dec. 29, 2023

Restructuring and Other Charges, Net

Schedule of net restructuring and other charges

	For the
	Quarters Ended
	December 29,		December 30,
	2023		2022
	(in millions)
Restructuring charges, net	$	9	$	104
Loss on divestiture and impairment of held for sale business		11		6
Other charges, net		1		1
Restructuring and other charges, net	$	21	$	111

Net restructuring and related charges by segment

	For the
	Quarters Ended
	December 29,		December 30,
	2023		2022
	(in millions)
Transportation Solutions	$	2	$	74
Industrial Solutions		6		6
Communications Solutions		1		24
Restructuring charges, net	$	9	$	104

Summary of activity in restructuring reserves

	Balance at												Balance at
	September 29,				Changes in		Cash		Non-Cash		Currency		December 29,
	2023		Charges		Estimate		Payments		Items		Translation		2023
	(in millions)
Fiscal 2024 Actions:
Employee severance	$	—	$	5	$	—	$	—	$	—	$	—	$	5
Fiscal 2023 Actions:
Employee severance		187		—		(8)		(20)		—		8		167
Facility and other exit costs		2		1		—		(3)		—		—		—
Property, plant, and equipment		—		4		—		—		(4)		—		—
Total		189		5		(8)		(23)		(4)		8		167
Pre-Fiscal 2023 Actions:
Employee severance		127		—		5		(23)		—		4		113
Facility and other exit costs		4		2		—		(2)		—		—		4
Total		131		2		5		(25)		—		4		117
Total Activity	$	320	$	12	$	(3)	$	(48)	$	(4)	$	12	$	289

Restructuring reserves included on Consolidated Balance Sheets

	December 29,		September 29,
	2023		2023
	(in millions)
Accrued and other current liabilities	$	204	$	240
Other liabilities		85		80
Restructuring reserves	$	289	$	320

Fiscal 2023 Actions

Restructuring and Other Charges, Net

Schedule of expected, incurred and remaining charges by segment

The following table summarizes expected, incurred, and remaining charges for the fiscal 2023 program by segment as of December 29, 2023:

	Total		Cumulative		Remaining
	Expected		Charges		Expected
	Charges		Incurred		Charges
	(in millions)
Transportation Solutions	$	153	$	138	$	15
Industrial Solutions		80		73		7
Communications Solutions		35		33		2
Total	$	268	$	244	$	24