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Retirement Plans (Tables)
 12 Months Ended
Sep. 28, 2012
Defined Benefit Pension Plans
  
Defined Benefit Pension Plans:  
Changes in net periodic benefit cost for material U.S. and non-U.S. defined benefit pension plans

 

 

 
   U.S. Plans   Non-U.S. Plans  
 
   2012   2011   2010   2012   2011   2010  

Service cost

   $ 5   $ 7   $ 9   $ 15   $ 16   $ 19  

Interest cost

     35     38     42     54     58     58  

Expected return on plan assets

     (42 )   (43 )   (45 )   (60 )   (59 )   (55 )

Amortization of prior service cost (credit)

     —     —     1     (1 )   —     (2 )

Amortization of net actuarial loss

     13     9     24     8     10     21  

Plan settlements, curtailments and special termination benefits

     —     (2 )   1     —     (1 )   (25 )
                           

Net periodic benefit cost

   $ 11   $ 9   $ 32   $ 16   $ 24   $ 16  
                           

Weighted-average assumptions used to determine net periodic pension cost during the year:

                                      

Discount rate

     4.5 %   5.0 %   5.5 %   5.2 %   5.1 %   5.7 %

Expected return on plan assets

     8.0 %   8.0 %   8.0 %   6.8 %   6.8 %   7.0 %

Rate of compensation increase

     NA     4.0 %   4.0 %   3.4 %   3.6 %   4.3 %
Changes in benefit obligations and plan assets

 

 

 
   U.S. Plans   Non-U.S. Plans  
 
   2012   2011   2012   2011  

Change in benefit obligations:

                          

Benefit obligations as of beginning of year

   $ 819   $ 856   $ 1,064   $ 1,131  

Service cost

     5     7     15     16  

Interest cost

     35     38     54     58  

Employee contributions

     —     —     2     2  

Actuarial loss / (gain)

     119     53     137     (93 )

Acquisitions/divestitures

     —     (91 )   5     3  

Benefits and administrative expenses paid

     (47 )   (42 )   (53 )   (53 )

Plan settlements, curtailments and special termination benefits

     —     (2 )   —     (1 )

Currency translation

     —     —     30     1  
                   

Benefit obligations as of end of year

   $ 931   $ 819   $ 1,254   $ 1,064  
                   

Change in plan assets:

                          

Fair value of plan assets as of beginning of year

   $ 529   $ 605   $ 877   $ 848  

Actual return on plan assets

     105     10     103     24  

Employer contributions

     36     20     52     55  

Employee contributions

     —     —     2     2  

Acquisitions/divestitures

     —     (64 )   6     3  

Benefits and administrative expenses paid

     (47 )   (42 )   (53 )   (53 )

Currency translation

     —     —     29     (2 )
                   

Fair value of plan assets as of end of year

   $ 623   $ 529   $ 1,016   $ 877  
                   

Funded status

   $ (308 ) $ (290 ) $ (238 ) $ (187 )
                   

Net amount recognized

   $ (308 ) $ (290 ) $ (238 ) $ (187 )
                   
Amounts recognized in Consolidated Balance Sheets and accumulated other comprehensive (loss) income


 
   U.S. Plans   Non-U.S. Plans  
 
   2012   2011   2012   2011  

Amounts recognized in the Consolidated Balance Sheets consist of:

                          

Non-current assets

   $ —   $ —   $ —   $ 7  

Current liabilities

     (3 )   (3 )   (13 )   (11 )

Non-current liabilities

     (305 )   (287 )   (225 )   (183 )
                   

Net amount recognized

   $ (308 ) $ (290 ) $ (238 ) $ (187 )
                   

Amounts recognized in accumulated other comprehensive loss (before income taxes) consist of:

                          

Transition asset

   $ —   $ —   $ 3   $ 3  

Net actuarial loss

     (435 )   (393 )   (390 )   (293 )
                   

Total loss recognized

   $ (435 ) $ (393 ) $ (387 ) $ (290 )
                   

Weighted-average assumptions used to determine pension benefit obligations at year end:

                          

Discount rate

     3.6 %   4.5 %   4.2 %   5.2 %

Rate of compensation increase

     N/A     N/A     3.6 %   3.4 %
The accumulated and aggregate benefit obligation and fair value of plan assets with accumulated benefit obligations in excess of plan assets

 

 

 
   U.S. Plans   Non-U.S. Plans  
 
   As of
September 28,
2012 		  As of
September 30,
2011 		  As of
September 28,
2012 		  As of
September 30,
2011 		 

Accumulated benefit obligation

   $ 931   $ 819   $ 1,235   $ 1,050  

Accumulated benefit obligation and fair value of plan assets for plans with accumulated benefit obligations in excess of plan assets:

                          

Accumulated benefit obligation

   $ 931   $ 819   $ 1,224   $ 1,034  

Fair value of plan assets

     623     529     1,003     852  

Aggregate benefit obligation and fair value of plan assets for plans with benefit obligations in excess of plan assets:

                          

Aggregate benefit obligation

   $ 931   $ 819   $ 1,254   $ 1,047  

Fair value of plan assets

     623     529     1,016     852  
Weighted average asset allocations

 

 

 
   U.S. Plans   Non-U.S.
Plans 		 
 
   2012   2011   2012   2011  

Asset Category:

                          

Equity securities

     59 %   55 %   50 %   46 %

Debt securities

     39 %   44 %   50 %   52 %

Cash and cash equivalents

     2 %   1 %   — %   2 %
                   

Total

     100 %   100 %   100 %   100 %
                   
Company's asset allocations by level within the fair value hierarchy

 

 

 
   As of
September 28, 2012 		 
($ in millions)
  Level 1   Level 2   Total  

Equity securities:

                    

U.S. equity securities

   $ 162   $ 268   $ 430  

Non-U.S. equity securities

     101     336     437  

Fixed income securities:

                    

Government and government agency securities

     58     272     330  

Corporate debt securities

     —     384     384  

Mortgage and other asset-backed securities

     —     39     39  

Cash and cash equivalents

     19     —     19  
               

Total

   $ 340   $ 1,299   $ 1,639  
               


 

 
   As of
September 30, 2011 		 
($ in millions)
  Level 1   Level 2   Total  

Equity securities:

                    

U.S. equity securities

   $ 116   $ 203   $ 319  

Non-U.S. equity securities

     87     282     369  

Fixed income securities:

                    

Government and government agency securities

     37     260     297  

Corporate debt securities

     —     345     345  

Mortgage and other asset-backed securities

     —     51     51  

Cash and cash equivalents

     25     —     25  
               

Total

   $ 265   $ 1,141   $ 1,406  
               
Summary of pension plan assets valued using NAV or its equivalent

 

 

 
   As of
September 28, 2012
Investment ($ in millions)
  Fair
Value 		  Redemption
Frequency 		  Redemption
Notice
Period

U.S. equity securities

   $ 265   Daily   1 day

Non-U.S. equity securities

     329   Daily, Semi-monthly   1 day, 2 days, 3 days

Government and government agency securities

     119   Daily   1 day

Corporate debt securities

     136   Daily   1 day, 2 days
             

 

   $ 849        
             


 

 
   As of
September 30, 2011
Investment ($ in millions)
  Fair
Value 		  Redemption
Frequency 		  Redemption
Notice
Period

U.S. equity securities

   $ 136   Daily   1 day

Non-U.S. equity securities

     56   Daily, Semi-monthly   1 day, 5 days

Government and government agency securities

     116   Daily   1 day

Corporate debt securities

     113   Daily   1 day, 2 days, 3 days

Mortgage and other asset-backed securities

     26   Daily   1 day, 3 days
             

 

   $ 447        
             
Estimated future benefit payments

 

 

 
   U.S. Plans   Non-U.S. Plans  

2013

   $ 42   $ 46  

2014

     43     48  

2015

     43     51  

2016

     45     53  

2017

     45     56  

2018 - 2022

     243     312  
Postretirement Benefit Plans
  
Defined Benefit Pension Plans:  
Estimated future benefit payments

 

 

2013

   $ 4  

2014

     4  

2015

     3  

2016

     3  

2017

     3  

2018-2022

     14