TransDigm (TDG) 10-Q8 Feb 222022 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Jan. 01, 2022	Jan. 31, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 1, 2022
Document Transition Report	false
Entity File Number	001-32833
Entity Registrant Name	TransDigm Group Incorporated
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-2101738
Entity Address, Address Line One	1301 East 9th Street,
Entity Address, Address Line Two	Suite 3000,
Entity Address, City or Town	Cleveland,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44114
City Area Code	216
Local Phone Number	706-2960
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	TDG
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		55,462,081
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001260221
Document Fiscal Year Focus	2022
Amendment Flag	false
Current Fiscal Year End Date	--09-30

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 4,813	$ 4,787
Trade accounts receivable—Net	673	791
Inventories—Net	1,215	1,185
Prepaid expenses and other	270	267
Total current assets	6,971	7,030
PROPERTY, PLANT AND EQUIPMENT—NET	794	770
GOODWILL	8,568	8,568
OTHER INTANGIBLE ASSETS—NET	2,752	2,791
OTHER	157	156
TOTAL ASSETS	19,242	19,315
CURRENT LIABILITIES:
Current portion of long-term debt	76	277
Short-term borrowings—trade receivable securitization facility	350	349
Accounts payable	212	227
Accrued and other current liabilities	740	810
Total current liabilities	1,378	1,663
Long-term Debt and Lease Obligation	19,388	19,372
DEFERRED INCOME TAXES	503	485
OTHER NON-CURRENT LIABILITIES	599	705
Total liabilities	21,868	22,225
TD GROUP STOCKHOLDERS’ DEFICIT:
Common stock - $.01 par value; authorized 224,400,000 shares; issued 59,618,917 and 59,403,100 at January 1, 2022 and September 30, 2021, respectively	1	1
Additional paid-in capital	1,905	1,830
Accumulated deficit	(3,545)	(3,705)
Accumulated other comprehensive loss	(200)	(248)
Treasury stock, at cost; 4,198,226 shares at January 1, 2022 and September 30, 2021, respectively	794	794
Total TD Group stockholders’ deficit	(2,633)	(2,916)
NONCONTROLLING INTERESTS	7	6
Total stockholders’ deficit	(2,626)	(2,910)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 19,242	$ 19,315

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets Parenthetical - $ / shares	Jan. 01, 2022	Sep. 30, 2021
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	224,400,000	224,400,000
Common Stock, Shares, Issued	59,618,917	59,403,100
Treasury Stock, Shares	4,198,226	4,198,226

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
NET SALES	$ 1,194	$ 1,108
COST OF SALES	533	567
GROSS PROFIT	661	541
SELLING AND ADMINISTRATIVE EXPENSES	170	197
AMORTIZATION OF INTANGIBLE ASSETS	36	29
INCOME FROM OPERATIONS	455	315
INTEREST EXPENSE—NET	264	267
OTHER INCOME	(2)	(5)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	193	53
INCOME TAX PROVISION	30	3
INCOME FROM CONTINUING OPERATIONS	163	50
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	1	0
NET INCOME	164	50
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	(1)	0
NET INCOME ATTRIBUTABLE TO TD GROUP	163	50
NET INCOME (LOSS) APPLICABLE TO TD GROUP COMMON STOCKHOLDERS	$ 117	$ (23)
Earnings (loss) per share attributable to TD Group common stockholders:
Earnings (loss) per share from continuing operations—basic and diluted	$ 1.96	$ (0.42)
Earnings per share from discontinued operations—basic and diluted	0.02	0
Earnings (loss) per share	$ 1.98	$ (0.42)
Weighted-average shares outstanding:
Basic and diluted	59.2	54.7

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Net income	$ 164	$ 50
Less: Net income attributable to noncontrolling interests	(1)	0
NET INCOME ATTRIBUTABLE TO TD GROUP	163	50
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	(10)	111
Other comprehensive income, net of tax:
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax, Parent	58	13
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent	0	0
Other comprehensive income, net of tax, attributable to TD Group	48	124
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	$ 211	$ 174

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Stockholders' Deficit - USD ($) $ in Millions		Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss		Treasury Stock	Non-controlling Interests
NONCONTROLLING INTERESTS									$ 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders’ deficit		$ (3,968)
BALANCE (in shares) at Sep. 30, 2020			58,612,028
BALANCE (in shares) at Sep. 30, 2020								(4,198,226)
BALANCE at Sep. 30, 2020			$ 1	$ 1,581	$ (4,359)	$ (401)		$ (794)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Changes in noncontrolling interest of consolidated subsidiaries, net		3							3
Accrued unvested dividend equivalents and other		(5)			(5)
Compensation expense recognized for employee stock options		43		43
Exercise of employee stock options			240,979
Exercise of employee stock options		32		32
NET INCOME ATTRIBUTABLE TO TD GROUP		50			50
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent		111
Net income attributable to TD Group						111
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax, Parent		13				13	[1]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax						13
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent		0
Unrealized gain on derivatives, net of tax	[2]					0
BALANCE (in shares) at Jan. 02, 2021			58,853,007
BALANCE (in shares) at Jan. 02, 2021								(4,198,226)
BALANCE at Jan. 02, 2021			$ 1	1,656	(4,314)	(277)		$ (794)
NONCONTROLLING INTERESTS									7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders’ deficit		(3,721)
NONCONTROLLING INTERESTS		6							6
Total stockholders’ deficit		$ (2,910)
BALANCE (in shares) at Sep. 30, 2021		59,403,100	59,403,100
BALANCE (in shares) at Sep. 30, 2021		(4,198,226)						(4,198,226)
BALANCE at Sep. 30, 2021		$ (2,916)	$ 1	1,830	(3,705)	(248)		$ (794)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Changes in noncontrolling interest of consolidated subsidiaries, net		1							1
Accrued unvested dividend equivalents and other		(3)			(3)
Compensation expense recognized for employee stock options		35		35
Exercise of employee stock options			215,817
Exercise of employee stock options		40		40
NET INCOME ATTRIBUTABLE TO TD GROUP		163			163
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent		(10)
Net income attributable to TD Group						(10)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax, Parent		58				58	[1]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax						58
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent		$ 0
Unrealized gain on derivatives, net of tax	[2]					0
BALANCE (in shares) at Jan. 01, 2022		59,618,917	59,618,917
BALANCE (in shares) at Jan. 01, 2022		(4,198,226)						(4,198,226)
BALANCE at Jan. 01, 2022		$ (2,633)	$ 1	$ 1,905	$ (3,545)	$ (200)		$ (794)
NONCONTROLLING INTERESTS		7							$ 7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders’ deficit		$ (2,626)

[1]	Represents unrealized gains on derivatives designated and qualifying as cash flow hedges, net of tax benefits of $17.8 million and $5.0 million for the thirteen week periods ended January 1, 2022 and January 2, 2021, respectively.
[2]	There were no material pension liability adjustments, net of taxes, for the thirteen week periods ended January 1, 2022 and January 2, 2021.

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
OPERATING ACTIVITIES:
NET INCOME	$ 164	$ 50
Income from discontinued operations, net of tax	(1)	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	29	29
Amortization of intangible assets and product certification costs	36	29
Amortization of debt issuance costs, original issue discount and premium	8	9
Amortization of loss contract reserves	(12)	(18)
Non-cash stock compensation expense	37	49
Deferred income taxes	0	5
Foreign currency exchange (gain) loss	(1)	22
Changes in assets/liabilities, net of effects from acquisitions and sales of businesses:
Trade accounts receivable	117	86
Inventories	(32)	1
Income taxes (receivable) payable	(6)	16
Other assets	(2)	3
Accounts payable	(14)	(20)
Accrued interest	(19)	7
Accrued and other liabilities	(25)	6
Net cash provided by operating activities	279	274
INVESTING ACTIVITIES:
Capital expenditures	(25)	(31)
Acquisition of businesses, net of cash acquired	0	(6)
Net proceeds from sale of businesses	0	8
Net cash used in investing activities	(25)	(29)
FINANCING ACTIVITIES:
Proceeds from exercise of stock options	40	32
Dividend equivalent payments	(46)	(73)
Proceeds from revolving credit facility	0	200
Repayment on revolving credit facility	(200)	(200)
Repayment on term loans	19	19
Net cash used in financing activities	(225)	(60)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(3)	5
NET INCREASE IN CASH AND CASH EQUIVALENTS	26	190
Cash and cash equivalents	4,813	4,907
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest	273	252
Cash paid (refunded) during the period for income taxes, net	$ 17	$ (5)

DESCRIPTION OF THE BUSINESS

DESCRIPTION OF THE BUSINESS	3 Months Ended
DESCRIPTION OF THE BUSINESS	Jan. 01, 2022
Accounting Policies [Abstract]
DESCRIPTION OF THE BUSINESS	DESCRIPTION OF THE BUSINESS TransDigm Group Incorporated (“TD Group”), through its wholly-owned subsidiary, TransDigm Inc., is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly every commercial and military aircraft in service today. TransDigm Inc., along with TransDigm Inc.’s direct and indirect wholly-owned operating subsidiaries (collectively, with TD Group, the “Company” or “TransDigm”), offers a broad range of proprietary aerospace products. TD Group has no significant assets or operations other than its 100% ownership of TransDigm Inc. TD Group’s common stock is listed on the New York Stock Exchange, or the NYSE, under the trading symbol “TDG.” TransDigm's major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, databus and power controls, cockpit security components and systems, specialized and advanced cockpit displays, engineered audio, radio and antenna systems, specialized lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, advanced sensor products, switches and relay panels, thermal protection and insulation, lighting and control technology, parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems.

UNAUDITED INTERIM FINANCIAL INF

UNAUDITED INTERIM FINANCIAL INFORMATION	3 Months Ended
UNAUDITED INTERIM FINANCIAL INFORMATION	Jan. 01, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
UNAUDITED INTERIM FINANCIAL INFOMRATION	UNAUDITED INTERIM FINANCIAL INFORMATION The financial information included herein is unaudited; however, the information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the Company’s condensed consolidated financial statements for the interim periods presented. These financial statements and notes should be read in conjunction with the financial statements and related notes for the fiscal year ended September 30, 2021 included in TD Group’s Form 10-K filed on November 16, 2021. As disclosed therein, the Company’s annual consolidated financial statements were prepared in conformity with generally accepted accounting principles in the United States (“U.S. GAAP”). The September 30, 2021 condensed consolidated balance sheet was derived from TD Group’s audited financial statements. The results of operations for the thirteen week period ended January 1, 2022 are not necessarily indicative of the results to be expected for the full year. Certain reclassifications have been made to the prior year financial statements to conform to current year presentation, none of which are material.

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES	3 Months Ended
ACQUISITIONS AND DIVESTITURES	Jan. 01, 2022
Business Combinations [Abstract]
ACQUISITIONS AND DIVESTITURES	ACQUISITIONS AND DIVESTITURES Acquisitions Cobham Aero Connectivity – On November 24, 2020, the Company entered into a definitive agreement to acquire all the outstanding stock of Chelton Limited, Chelton Avionics Holdings, Inc. and Mastsystem Int'l Oy, collectively, Cobham Aero Connectivity (“CAC”), for a total purchase price of $945 million. The acquisition was substantially completed on January 5, 2021 and financed through existing cash on hand. The Company completed the remainder of the acquisition of CAC on February 12, 2021, also through existing cash on hand. CAC operates from two primary facilities (Marlow, United Kingdom and Prescott, Arizona) and is a leading provider of highly engineered antennas and radios for the aerospace end market. The products are primarily proprietary with significant aftermarket content and have a strong presence across major defense platforms as well as select commercial applications. CAC's operating results are included within TransDigm's Airframe segment. The acquisition strengthens and expands the Company’s position to design, produce and supply highly engineered proprietary aerospace components in niche markets with significant aftermarket content and provide opportunities to create value through the application of our three core value-driven operating strategies (obtaining profitable new business, continually improving our cost structure, and providing highly engineered value-added products to customers). The purchase price paid for the acquisition reflects the current earnings before interest, taxes, depreciation and amortization (“EBITDA”) and cash flows, as well as the future EBITDA and cash flows expected to be generated by the business, which are driven in most cases by the recurring aftermarket consumption over the life of a particular aircraft, estimated to be approximately 25 to 30 years. The Company accounted for the CAC acquisition using the acquisition method of accounting and third-party valuation appraisals and included the results of operations of the acquisition in its condensed consolidated financial statements from the effective dates of the acquisition. The total purchase price of CAC was allocated to the underlying assets acquired and liabilities assumed based upon the respective fair value at the dates of acquisition. To the extent the purchase price exceeded the fair value of the net identifiable tangible and intangible assets acquired, such excess was allocated to goodwill. The fair values of acquired intangibles and certain liabilities, such as loss contract reserves, are determined based on estimates and assumptions that are deemed reasonable by the Company. Significant assumptions used to determine the fair values of acquired intangible assets include the discount rates and certain assumptions that form the basis of the forecasted results of the acquired business including revenue growth rates, EBITDA margins, royalty rates and technology obsolescence rates. Significant assumptions used to determine the fair value of the loss contract reserves using the discounted cash flow model include discount rates and forecasted costs to be incurred under the long-term contracts and at-market bid prices for respective contracts. These assumptions are forward looking and could be affected by future economic and market conditions. Pro forma net sales and results of operations for the acquisition had it occurred at the beginning of the applicable thirteen week period ended January 1, 2022 or January 2, 2021 are not material and, accordingly, are not provided. The final allocation of the fair value of assets acquired and liabilities assumed in the CAC acquisition as of the acquisition date, as well as measurement period adjustments recorded as of January 1, 2022, are summarized in the table below (in millions): Preliminary Allocation Measurement Period Adjustments Final Assets acquired (excluding cash): Trade accounts receivable $ 31 $ 1 $ 32 Inventories 27 2 29 Prepaid expenses and other 10 (3) 7 Property, plant and equipment 18 3 21 Goodwill 636 61 697 (1) Other intangible assets 309 15 324 (1) Other 34 (3) 31 Total assets acquired (excluding cash) 1,065 76 1,141 Liabilities assumed: Accounts payable 15 3 18 Accrued and other current liabilities 38 6 (2) 44 Deferred income taxes 38 (7) 31 Other non-current liabilities 29 74 (2) 103 Total liabilities assumed 120 76 196 Net assets acquired $ 945 $ — $ 945 (1) Of the approximately $697 million of goodwill recognized for the acquisition, approximately $65 million is deductible for tax purposes. Of the approximately $324 million of other intangible assets recognized for the acquisition, approximately $105 million is deductible for tax purposes. The goodwill and intangible assets are deductible over 15 years. (2) Primarily relates to the recording of loss contract reserves associated with acquired ongoing long-term contracts with customers that were incurring negative gross margins as of the date of acquisition. Based on our review of these contracts, we concluded that the terms of certain contracts were unfavorable when compared to market terms as of the acquisition date. The loss contract reserves, totaling $80.6 million, will be released over an estimated three to five year period. Divestitures ScioTeq and TREALITY Simulation Visual Systems – On June 30, 2021, TransDigm completed the divestiture of its ScioTeq and TREALITY Simulation Visual Systems businesses (“ScioTeq and TREALITY”) to OpenGate Capital for approximately $200 million in cash. ScioTeq and TREALITY were acquired by TransDigm as part of its acquisition of Esterline Technologies Corporation (“Esterline”) in March 2019 and were included in TransDigm’s Airframe segment. Neither ScioTeq or TREALITY met the criteria to be classified as held for sale as of January 2, 2021. Technical Airborne Components – On April 27, 2021, TransDigm completed the divestiture of the Technical Airborne Components business (“TAC”) to Searchlight Capital Partners for approximately $40 million in cash. TAC was included in TransDigm’s Airframe segment. TAC did not meet the criteria to be classified as held for sale as of January 2, 2021. The net gain on sale recognized in fiscal 2021 as a result of the ScioTeq and TREALITY and TAC divestitures was approximately $68 million, which was classified as a component of gain on sale of businesses-net within the condensed consolidated statements of income during the third quarter of fiscal 2021. Racal Acoustics – On January 29, 2021, TransDigm completed the divestiture of the Racal Acoustics business (“Racal”) to Invisio Communications AB (“Invisio”) for approximately $20 million in cash. During the first quarter of fiscal 2021, the Company determined Racal met the criteria to be classified as held for sale. Therefore, the assets and liabilities of Racal, which were not material, have been presented as held for sale in other assets, accrued and other current liabilities and other non-current liabilities, respectively, in the condensed consolidated balance sheets as of January 2, 2021. Racal was acquired by TransDigm as part of its acquisition of Esterline in March 2019 and was included in TransDigm's Non-aviation segment. Avista, Inc. – On November 17, 2020, TransDigm completed the divestiture of the Avista, Inc. business (“Avista”) to Belcan, LLC (“Belcan”) for approximately $8 million in cash. Avista was acquired by TransDigm as part of its acquisition of Esterline in March 2019 and was included in TransDigm's Airframe segment. The gain on sale recognized in the first quarter of fiscal 2021 as a result of the divestiture was immaterial and classified as a component of gain on sale of businesses-net within the condensed consolidated statements of income.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Jan. 01, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Accounting Standards Codification (“ASC”) 740) - Simplifying the Accounting for Income Taxes,” which simplifies the accounting for income taxes by removing certain exceptions to the general principles in ASC 740. The amendments also improve consistent application of and simplify U.S. GAAP for other areas of ASC 740 by clarifying and amending existing guidance. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company adopted ASU 2019-12 on October 1, 2021. The adoption of this standard did not have a material impact on our condensed consolidated financial statements and disclosures. In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform." Certain amendments were provided for in ASU 2021-01, “Reference Rate Reform (ASC 848): Scope,” which was issued in January 2021. This ASU provides optional guidance for a limited period of time to ease potential accounting impacts associated with transitioning away from reference rates that are expected to be discontinued, such as the London Interbank Offered Rate (“LIBOR”). The amendments in this ASU apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued. The amendments in this ASU are effective through December 31, 2022. The Company is currently evaluating the impact of adopting this standard on our condensed consolidated financial statements and disclosures and we continue to monitor any subsequent updates impacting the transition.

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
REVENUE RECOGNITION	Jan. 01, 2022
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION TransDigm's sales are concentrated in the aerospace and defense industry. The Company’s customers include: distributors of aerospace components, commercial airlines, large commercial transport and regional and business aircraft OEMs, various armed forces of the United States and friendly foreign governments, defense OEMs, system suppliers, and various other industrial customers. The majority of the Company's revenue is recorded at a point in time. Revenue is recognized from the sale of products when control transfers to the customer, which is demonstrated by our right to payment, a transfer of title, a transfer of the risk and rewards of ownership, or the customer acceptance, but most frequently upon shipment where the customer obtains physical possession of the goods. In some contracts, control transfers to the customer over time, primarily in contracts where the customer is required to pay for the cost of both the finished and unfinished goods at the time of cancellation plus a reasonable profit relative to the work performed for products that were customized for the customer. Therefore, we recognize revenue over time for those agreements that have a right to margin and where the products being produced have no alternative use. Based on our production cycle, it is generally expected that goods related to the revenue will be shipped and billed within the current year. For revenue recognized over time, we estimate the amount of revenue attributable to a contract earned at a given point during the production cycle based on certain costs, such as materials and labor incurred to date, plus the expected profit, which is a cost-to-cost input method. We consider the contractual consideration payable by the customer and assess variable consideration that may affect the total transaction price. Variable consideration is included in the estimated transaction price when there is a basis to reasonably estimate the amount, including whether the estimate should be constrained in order to avoid a significant reversal of revenue in a future period. These estimates are based on historical experience, anticipated performance under the terms of the contract and our best judgment at the time. When contracts are modified to account for changes in contract specifications and requirements, the Company considers whether the modification either creates new or changes the existing enforceable rights and obligations. Contract modifications that are for goods or services that are not distinct from the existing contract, due to the significant integration with the original good or service provided, are accounted for as if they were part of that existing contract. The effect of a contract modification to an existing contract on the transaction price and our measure of progress for the performance obligation to which it relates, is recognized as an adjustment to revenue on a cumulative catch-up basis. When the modifications include additional performance obligations that are distinct and at relative stand-alone selling price, they are accounted for as a new contract and performance obligation, which are recognized prospectively. The Company’s payment terms vary by the type and location of the customer and the products or services offered. The Company does not offer any payment terms that would meet the requirements for consideration as a significant financing component. Shipping and handling fees and costs incurred in connection with products sold are recorded in cost of sales in the condensed consolidated statements of income, and are not considered a performance obligation to our customers. The Company pays sales commissions that relate to contracts for products or services that are satisfied at a point in time or over a period of one year or less and are expensed as incurred. These costs are reported as a component of selling and administrative expenses in the condensed consolidated statements of income. Contract Assets and Liabilities – Contract assets reflect revenue recognized and performance obligations satisfied in advance of customer billing or reimbursable costs related to a specific contract. Contract liabilities relate to payments received in advance of the satisfaction of performance under the contract. We receive payments from customers based on the terms established in our contracts. The following table summarizes our contract assets and liabilities balances (in millions): January 1, 2022 September 30, 2021 Contract assets, current (1) $ 78 $ 72 Contract assets, non-current (2) 1 2 Total contract assets 79 74 Contract liabilities, current (3) 38 27 Contract liabilities, non-current (4) 8 5 Total contract liabilities 46 32 Net contract assets $ 33 $ 42 (1) Included in prepaid expenses and other on the condensed consolidated balance sheets. (2) Included in other non-current assets on the condensed consolidated balance sheets. (3) Included in accrued and other current liabilities on the condensed consolidated balance sheets. (4) Included in other non-current liabilities on the condensed consolidated balance sheets. For the thirteen week period ended January 1, 2022, the revenue recognized that was previously included in contract liabilities was not material. Refer to Note 13, “Segments,” for disclosures related to the disaggregation of revenue. Allowance for Credit Losses – The Company's allowance for credit losses is the allowance for uncollectible accounts. The allowance for uncollectible accounts reduces the trade accounts receivable balance to the estimated net realizable value equal to the amount that is expected to be collected. The Company’s method for developing its allowance for credit losses is based on historical write-off experience, the aging of receivables, an assessment of the creditworthiness of customers, economic conditions and other external market information. All provisions for allowances for uncollectible accounts are included in selling and administrative expenses. As of January 1, 2022 and September 30, 2021, the allowance for uncollectible accounts was $30 million. The allowance for uncollectible accounts is assessed individually at each operating unit by the operating unit’s management team.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Jan. 01, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE (TWO-CLASS METHOD)	EARNINGS (LOSS) PER SHARE The following table sets forth the computation of basic and diluted earnings (loss) per share (in millions, except per share data) using the two-class method: Thirteen Week Periods Ended January 1, 2022 January 2, 2021 Numerator for earnings (loss) per share: Income from continuing operations $ 163 $ 50 Less: Net income attributable to noncontrolling interests (1) — Net income from continuing operations attributable to TD Group 162 50 Less: Special dividends declared or paid on participating securities, including dividend equivalent payments (46) (73) Income from discontinued operations, net of tax 1 — Net income (loss) applicable to TD Group common stockholders—basic and diluted $ 117 $ (23) Denominator for basic and diluted earnings (loss) per share under the two-class method: Weighted-average common shares outstanding 55.3 54.7 Vested options deemed participating securities 3.9 — Total shares for basic and diluted earnings per share 59.2 54.7 Earnings (loss) per share from continuing operations—basic and diluted $ 1.96 $ (0.42) Earnings per share from discontinued operations—basic and diluted 0.02 — Earnings (loss) per share $ 1.98 $ (0.42)

INVENTORIES

INVENTORIES	3 Months Ended
INVENTORIES	Jan. 01, 2022
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories are stated at the lower of cost or net realizable value. Cost of inventories is generally determined by the average cost and the first–in, first–out (“FIFO”) methods and includes material, labor and overhead related to the manufacturing process. Inventories consist of the following (in millions): January 1, 2022 September 30, 2021 Raw materials and purchased component parts $ 871 $ 850 Work-in-progress 335 322 Finished goods 206 207 Total 1,412 1,379 Reserves for excess and obsolete inventory (197) (194) Inventories—Net $ 1,215 $ 1,185

INTANGIBLE ASSETS

INTANGIBLE ASSETS	3 Months Ended
INTANGIBLE ASSETS	Jan. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS Other intangible assets–net in the condensed consolidated balance sheets consist of the following (in millions): January 1, 2022 September 30, 2021 Gross Carrying Accumulated Net Gross Carrying Accumulated Net Trademarks & trade names $ 983 $ — $ 983 $ 983 $ — $ 983 Technology 2,017 714 1,303 2,009 679 1,330 Order backlog 16 15 1 16 11 5 Customer relationships 544 86 458 545 78 467 Other 8 1 7 18 12 6 Total $ 3,568 $ 816 $ 2,752 $ 3,571 $ 780 $ 2,791 The aggregate amortization expense on identifiable intangible assets for the thirteen week periods ended January 1, 2022 and January 2, 2021 was approximately $36 million and $29 million, respectively. The following is a summary of changes in the carrying value of goodwill by segment from September 30, 2021 through January 1, 2022 (in millions): Power & Airframe Non- Total Balance at September 30, 2021 $ 4,149 $ 4,326 $ 93 $ 8,568 Purchase price allocation adjustments (1) — 3 — 3 Currency translation adjustments (4) 1 — (3) Balance at January 1, 2022 $ 4,145 $ 4,330 $ 93 $ 8,568

DEBT

DEBT	3 Months Ended
DEBT	Jan. 01, 2022
Debt Disclosure [Abstract]
DEBT	DEBT The Company’s debt consists of the following (in millions): January 1, 2022 Gross Amount Debt Issuance Costs Original Issue Discount or Premium Net Amount Short-term borrowings—trade receivable securitization facility $ 350 $ — $ — $ 350 Term loans $ 7,354 $ (36) $ (16) $ 7,302 8.00% senior secured notes due 2025 (“2025 Secured Notes”) 1,100 (7) — 1,093 6.375% senior subordinated notes due 2026 (“6.375% 2026 Notes”) 950 (5) — 945 6.875% senior subordinated notes due 2026 (“6.875% 2026 Notes”) 500 (4) (2) 494 6.25% secured notes due 2026 (“2026 Secured Notes”) 4,400 (43) 4 4,361 7.50% senior subordinated notes due 2027 (“7.50% 2027 Notes”) 550 (4) — 546 5.50% senior subordinated notes due 2027 (“5.50% 2027 Notes”) 2,650 (17) — 2,633 4.625% senior subordinated notes due 2029 (“4.625% 2029 Notes”) 1,200 (10) — 1,190 4.875% senior subordinated notes due 2029 (“4.875% 2029 Notes”) 750 (6) — 744 Government refundable advances 28 — — 28 Finance lease obligations 128 — — 128 19,610 (132) (14) 19,464 Less: current portion 77 (1) — 76 Long-term debt $ 19,533 $ (131) $ (14) $ 19,388 September 30, 2021 Gross Amount Debt Issuance Costs Original Issue Discount or Premium Net Amount Short-term borrowings—trade receivable securitization facility $ 350 $ (1) $ — $ 349 Term loans $ 7,374 $ (39) $ (17) $ 7,318 Revolving credit facility 200 — — 200 2025 Secured Notes 1,100 (7) — 1,093 6.375% 2026 Notes 950 (5) — 945 6.875% 2026 Notes 500 (4) (2) 494 2026 Secured Notes 4,400 (45) 4 4,359 7.50% 2027 Notes 550 (4) — 546 5.50% 2027 Notes 2,650 (18) — 2,632 4.625% 2029 Notes 1,200 (10) — 1,190 4.875% 2029 Notes 750 (7) — 743 Government refundable advances 29 — — 29 Finance lease obligations 100 — — 100 19,803 (139) (15) 19,649 Less: current portion 278 (1) — 277 Long-term debt $ 19,525 $ (138) $ (15) $ 19,372 Accrued interest, which is classified as a component of accrued and other current liabilities on the condensed consolidated balance sheets, was $172 million and $191 million as of January 1, 2022 and September 30, 2021, respectively. Amendment No. 9 and Loan Modification Agreement – On December 29, 2021, the Company entered into Amendment No. 9 and Incremental Revolving Credit Assumption Agreement (herein, “Amendment No. 9”) to the Second Amended and Restated Credit Agreement dated as of June 4, 2014 (the “Credit Agreement”), which increases the capacity under the revolving credit facility from $760 million to $810 million. The terms and conditions that apply to Amendment No. 9 are the same as the terms and conditions that apply to the existing dollar revolving commitments and term loans under the Credit Agreement. As of January 1, 2022, the borrowings available under the revolving commitments were $776.5 million. The Company capitalized $0.2 million representing debt issuance costs associated with Amendment No. 9 during the thirteen week period ended January 1, 2022. Revolving Credit Facility – On October 6, 2021, the Company repaid $200 million previously drawn on the revolving credit facility, in addition to $0.1 million of accrued interest. Government Refundable Advances – Government refundable advances consist of payments received from the Canadian government to assist in research and development related to commercial aviation. The requirement to repay this advance is based on year-over-year commercial aviation revenue growth for certain product lines at CMC Electronics, which is a wholly-owned subsidiary of TransDigm. As of January 1, 2022 and September 30, 2021, the outstanding balance of these advances was $28 million and $29 million, respectively. Obligations under Finance Leases – The Company leases certain buildings and equipment under finance leases. The present value of the minimum finance lease payments, net of the current portion, represents a balance of $128 million and $100 million at January 1, 2022 and September 30, 2021, respectively. Refer to Note 16, “Leases,” for further disclosure of the Company's lease obligations.

INCOME TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Jan. 01, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES At the end of each reporting period, TD Group makes an estimate of its annual effective income tax rate. The estimate used in the year-to-date period may change in subsequent periods. During the thirteen week periods ended January 1, 2022 and January 2, 2021, the effective income tax rate was 15.7% and 5.5%, respectively. The Company’s higher effective tax rate for the thirteen week period ended January 1, 2022 was primarily due to the ratio of the discrete impact of excess tax benefits from share-based payments to income from continuing operations being lower in the thirteen week period ended January 1, 2022 resulting from an increase in income from continuing operations before income taxes for the same thirteen week period. The Company’s effective income tax rate of 15.7% for the thirteen week period ended January 1, 2022 was lower than the federal statutory tax rate of 21%, primarily due to the discrete impact of excess tax benefits associated with share-based payments during the first quarter of fiscal 2022. The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state, local and foreign jurisdictions. The Company is no longer subject to U.S. federal examinations for years before fiscal 2017. The Company is currently under examination for its federal income taxes in Canada for fiscal years 2013 through 2019, in France for fiscal years 2018 through 2019 and in Germany for fiscal years 2014 through 2017. The Company expects the examinations in France to be completed during fiscal 2022. In addition, the Company is subject to state income tax e xaminations for fiscal years 2015 and later. Unrecognized tax benefits at January 1, 2022 and September 30, 2021, the recognition of which would have an impact on the effective tax rate for each fiscal year, amounted to $18.5 million and $19.1 million, respectively. The Company classifies all income tax-related interest and penalties as income tax expense, which were not material for the thirteen week periods ended January 1, 2022 and January 2, 2021. As of January 1, 2022 and September 30, 2021, the Company accrued $4.9 million, respectively, for the potential payment of interest and penalties. Within the next 12 months, it is reasonably possible that unrecognized tax benefits could be reduced by approximately $3.8 million. Any increase in the amount of unrecognized tax benefits within the next 12 months is not expected to be material.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
FAIR VALUE MEASUREMENTS	Jan. 01, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTSThe following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The following summarizes the carrying amounts and fair values of financial instruments (in millions): January 1, 2022 September 30, 2021 Level Carrying Fair Value Carrying Fair Value Assets: Cash and cash equivalents 1 $ 4,813 $ 4,813 $ 4,787 $ 4,787 Interest rate cap agreements (1) 2 11 11 8 8 Liabilities: Interest rate swap agreements (2) 2 106 106 100 100 Interest rate swap agreements (3) 2 103 103 180 180 Foreign currency forward exchange contracts (2) 2 4 4 4 4 Short-term borrowings - trade receivable securitization facility (4) 2 350 350 349 349 Long-term debt, including current portion: Term loans (4) 2 7,302 7,216 7,318 7,268 Revolving credit facility (4) 2 — — 200 200 2025 Secured Notes (4) 1 1,093 1,159 1,093 1,170 6.375% 2026 Notes (4) 1 945 976 945 981 6.875% 2026 Notes (4) 1 494 521 494 527 2026 Secured Notes (4) 1 4,361 4,565 4,359 4,593 7.50% 2027 Notes (4) 1 546 575 546 578 5.50% 2027 Notes (4) 1 2,633 2,703 2,632 2,730 4.625% 2029 Notes (4) 1 1,190 1,188 1,190 1,196 4.875% 2029 Notes (4) 1 744 750 743 751 Government refundable advances 2 28 28 29 29 Finance lease obligations 2 128 128 100 100 (1) Included in other assets on the condensed consolidated balance sheets. (2) Included in accrued and other current liabilities on the condensed consolidated balance sheets. (3) Included in other non-current liabilities on the condensed consolidated balance sheets. (4) The carrying amount of the debt instrument is presented net of debt issuance costs, premium and discount. Refer to Note 9, “Debt,” for gross carrying amounts. The Company values its financial instruments using an industry standard market approach, in which prices and other relevant information are generated by market transactions involving identical or comparable assets or liabilities. No financial instruments were recognized or disclosed using unobservable inputs (i.e., Level 3). Interest rate swaps were measured at fair value using quoted market prices for the swap interest rate indexes over the term of the swap discounted to present value versus the fixed rate of the contract. The interest rate caps were measured at fair value using implied volatility rates of each individual caplet and the yield curve for the related periods. The Company’s derivative contracts consist of foreign currency exchange contracts and interest rate swap and cap agreements. These derivative contracts are over-the-counter, and their fair value is determined using modeling techniques that include market inputs such as interest rates, yield curves, and currency exchange rates. These contracts are categorized as Level 2 in the fair value hierarchy. The estimated fair value of the Company’s term loans was based on information provided by the agent under the Company’s senior secured credit facility. The estimated fair values of the Company’s notes were based upon quoted market prices. There has not been any impact to the fair value of derivative liabilities due to the Company's own credit risk. Similarly, there has not been any significant impact to the fair value of derivative assets based on the Company's evaluation of counterparties' credit risks. The fair value of cash and cash equivalents, trade accounts receivable-net and accounts payable approximated carrying value due to the short-term nature of these instruments at January 1, 2022 and September 30, 2021.

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	3 Months Ended
DERIVATIVES AND HEDGING ACTIVITIES	Jan. 01, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING ACTIVITIES	DERIVATIVES AND HEDGING ACTIVITIES The Company is exposed to, among other things, the impact of changes in foreign currency exchange rates and interest rates in the normal course of business. The Company’s risk management program is designed to manage the exposure and volatility arising from these risks, and utilizes derivative financial instruments to offset a portion of these risks. The Company uses derivative financial instruments only to the extent necessary to hedge identified business risks and does not enter into such transactions for trading purposes. The Company generally does not require collateral or other security with counterparties to these financial instruments and is therefore subject to credit risk in the event of nonperformance; however, the Company monitors credit risk and currently does not anticipate nonperformance by other parties. These derivative financial instruments do not subject the Company to undue risk, as gains and losses on these instruments generally offset gains and losses on the underlying assets, liabilities, or anticipated transactions that are being hedged. The Company has agreements with each of its swap and cap counterparties that contain a provision whereby if the Company defaults on the credit facility the Company could also be declared in default on its swaps and caps, resulting in an acceleration of payment under the swaps and caps. All derivative financial instruments are recorded at fair value in the condensed consolidated balance sheets. For a derivative that has not been designated as an accounting hedge, the change in the fair value is recognized immediately through earnings. For a derivative that has been designated as an accounting hedge of an existing asset or liability (a fair value hedge), the change in the fair value of both the derivative and underlying asset or liability is recognized immediately through earnings. For a derivative designated as an accounting hedge of an anticipated transaction (a cash flow hedge), the change in the fair value is recorded on the condensed consolidated balance sheets in accumulated other comprehensive loss to the extent the derivative is effective in mitigating the exposure related to the anticipated transaction. The change in the fair value related to the ineffective portion of the hedge, if any, is immediately recognized in earnings. The amount recorded within accumulated other comprehensive loss is reclassified into earnings in the same period during which the underlying hedged transaction affects earnings. Interest Rate Swap and Cap Agreements – Interest rate swap and cap agreements are used to manage interest rate risk associated with floating-rate borrowings under our credit facility. The interest rate swap and cap agreements utilized by the Company effectively modify the Company’s exposure to interest rate risk by converting a portion of the Company’s floating-rate debt to a fixed rate basis through the expiration date of the interest rate swap and cap agreements, thereby reducing the impact of interest rate changes on future interest expense. These agreements involve the receipt of floating rate amounts in exchange for fixed rate interest payments over the term of the agreements without an exchange of the underlying principal amount. These derivative instruments qualify as effective cash flow hedges under U.S. GAAP. For these cash flow hedges, the effective portion of the gain or loss from the financial instruments was initially reported as a component of accumulated other comprehensive loss in stockholders’ deficit and subsequently reclassified into earnings in the same line as the hedged item in the same period or periods during which the hedged item affected earnings. As the interest rate swap and cap agreements are used to manage interest rate risk, any gains or losses from the derivative instruments that are reclassified into earnings are recognized in interest expense-net in the condensed consolidated statements of income. The following table summarizes the Company's interest rate swap agreements: Aggregate Notional Amount (in millions) Start Date End Date Related Term Loans Conversion of Related Variable Rate Debt to $500 6/29/2018 3/31/2025 Tranche E 5.25% (3.0% plus the 2.25% margin percentage) $750 6/30/2020 6/30/2022 Tranche E 4.75% (2.5% plus the 2.25% margin percentage) $1,500 6/30/2022 3/31/2025 Tranche E 5.35% (3.1% plus the 2.25% margin percentage) $700 3/31/2023 9/30/2025 Tranche F 3.55% (1.3% plus the 2.25% margin percentage) $1,400 6/30/2021 3/31/2023 Tranche F 5.25% (3.0% plus the 2.25% margin percentage) $400 9/30/2017 9/30/2022 Tranche G 4.15% (1.9% plus the 2.25% margin percentage) $900 12/31/2021 6/28/2024 Tranche G 5.35% (3.1% plus the 2.25% margin percentage) $400 9/30/2022 6/28/2024 Tranche G 5.25% (3.0% plus the 2.25% margin percentage) The following table summarizes the Company's interest rate cap agreements: Aggregate Notional Amount (in millions) Start Date End Date Related Term Loans Offsets Variable Rate Debt Attributable to $750 6/30/2020 6/30/2022 Tranche E Three month LIBOR rate of 2.50% $700 3/31/2023 9/30/2025 Tranche F Three month LIBOR rate of 1.25% Certain derivative asset and liability balances are offset where master netting agreements provide for the legal right of setoff. For classification purposes, we record the net fair value of each type of derivative position that is expected to settle in less than one year with each counterparty as a net current asset or liability and each type of long-term position as a net non-current asset or liability. The amounts shown in the table below represent the gross amounts of recognized assets and liabilities, the amounts offset in the condensed consolidated balance sheets and the net amounts of assets and liabilities presented therein (in millions): January 1, 2022 September 30, 2021 Asset Liability Asset Liability Interest rate cap agreements $ 11 $ — $ 8 $ — Interest rate swap agreements — (209) — (280) Net derivatives as classified in the condensed consolidated balance sheets (1) $ 11 $ (209) $ 8 $ (280) (1) Refer to Note 11, “Fair Value Measurements,” for the condensed consolidated balance sheets classification of our interest rate swap and cap agreements. Based on the fair value amounts of the interest rate swap and cap agreements determined as of January 1, 2022, the estimated net amount of existing gains and losses and caplet amortization expected to be reclassified into interest expense-net within the next 12 months is approximately $106.3 million. Foreign Currency Forward Exchange Contracts – The Company transacts business in various foreign currencies, which subjects the Company’s cash flows and earnings to exposure related to changes in foreign currency exchange rates. These exposures arise primarily from purchases or sales of products and services from third parties. Foreign currency forward exchange contracts provide for the purchase or sale of foreign currencies at specified future dates at specified exchange rates, and are used to offset changes in the fair value of certain assets or liabilities or forecasted cash flows resulting from transactions denominated in foreign currencies. At January 1, 2022, the Company had outstanding foreign currency forward exchange contracts to sell U.S. dollars with notional amounts of $97.5 million. The maximum duration of the Company’s foreign currency cash flow hedge contracts at January 1, 2022 is 9 months. These notional values consist of contracts for the Canadian dollar and the European euro and are stated in U.S. dollar equivalents at spot exchange rates at the respective trade dates. Amounts related to foreign currency forward exchange contracts included in accumulated other comprehensive loss in stockholders' deficit are reclassified into net sales when the hedged transaction settles. During the thirteen week period ended January 1, 2022, the losses reclassified on settlements of foreign currency forward exchange contracts designated as cash flow hedges into net sales were less than $1 million. The losses were previously recorded as a component of accumulated other comprehensive loss in stockholders' deficit. As of January 1, 2022, the Company expects to record a net loss of approximately $3.7 million on foreign currency forward exchange contracts designated as cash flow hedges to net sales over the next 12 months.

SEGMENTS

SEGMENTS	3 Months Ended
SEGMENTS	Jan. 01, 2022
Segment Reporting [Abstract]
SEGMENTS	SEGMENTS The Company’s businesses are organized and managed in three reporting segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that predominately provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies. Major product offerings include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, advanced sensor products, switches and relay panels, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems. Primary customers of this segment are engine and power system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies and repair depots. Products are sold in the original equipment and aftermarket market channels. The Airframe segment includes operations that primarily develop, produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. Major product offerings include engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, cockpit security components and systems, specialized and advanced cockpit displays, engineered audio, radio and antenna systems, specialized lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, thermal protection and insulation, lighting and control technology and parachutes. Primary customers of this segment are airframe manufacturers and cabin system suppliers and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies and repair depots. Products are sold in the original equipment and aftermarket market channels. The Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. Major product offerings include seat belts and safety restraints for ground transportation applications, mechanical/electro-mechanical actuators and controls for space applications, hydraulic/electromechanical actuators and fuel valves for land-based gas turbines, and refueling systems for heavy equipment used in mining, construction and other industries and turbine controls for the energy and oil and gas markets. Primary customers of this segment are off-road vehicle suppliers and subsystem suppliers, child restraint system suppliers, satellite and space system suppliers, manufacturers of heavy equipment used in mining, construction and other industries and turbine original equipment manufacturers, gas pipeline builders and electric utilities. The primary measurement used by management to review and assess the operating performance of each segment is EBITDA As Defined. The Company defines EBITDA As Defined as earnings before interest, taxes, depreciation and amortization plus certain non-operating items recorded as corporate expenses including non-cash compensation charges incurred in connection with the Company’s stock incentive plans, restructuring costs related to the Company's cost reduction measures in response to the COVID-19 pandemic, foreign currency gains and losses, acquisition-integration costs, acquisition and divestiture transaction-related expenses, and refinancing costs. COVID-19 pandemic restructuring costs represent actions taken by the Company to reduce its workforce to align with customer demand, as well as incremental costs related to the pandemic that are not expected to recur once the pandemic has subsided and are clearly separable from normal operations (e.g., additional cleaning and disinfecting of facilities by contractors above and beyond normal requirements, personal protective equipment). Acquisition and divestiture-related costs represent accounting adjustments to inventory associated with acquisitions of businesses and product lines that were charged to cost of sales when the inventory was sold; costs incurred to integrate acquired businesses and product lines into the Company’s operations, facility relocation costs and other acquisition-related costs; transaction-related costs for both acquisitions and divestitures comprising deal fees; legal, financial and tax diligence expenses and valuation costs that are required to be expensed as incurred and other acquisition accounting adjustments. EBITDA As Defined is not a measurement of financial performance under U.S. GAAP. Although the Company uses EBITDA As Defined to assess the performance of its business and for various other purposes, the use of this non-GAAP financial measure as an analytical tool has limitations, and it should not be considered in isolation or as a substitute for analysis of the Company’s results of operations as reported in accordance with U.S. GAAP. The Company’s segments are reported on the same basis used internally for evaluating performance and for allocating resources. The accounting policies for each segment are the same as those described in the summary of significant accounting policies in the Company’s condensed consolidated financial statements. Intersegment sales and transfers are recorded at values based on market prices, which creates intercompany profit on intersegment sales or transfers that is eliminated in consolidation. Intersegment sales were immaterial for the periods presented below. Corporate consists of our corporate offices. Corporate office expenses consist primarily of compensation, benefits, professional services and other administrative costs incurred by the corporate offices. Corporate assets consist primarily of cash and cash equivalents. Corporate expenses and assets reconcile reportable segment data to the consolidated totals. An immaterial amount of corporate expenses are allocated to the operating segments. The following table presents net sales by reportable segment (in millions): Thirteen Week Periods Ended January 1, 2022 January 2, 2021 Net sales to external customers Power & Control Commercial and non-aerospace OEM $ 136 $ 126 Commercial and non-aerospace aftermarket 202 132 Defense 312 343 Total Power & Control 650 601 Airframe Commercial and non-aerospace OEM 143 142 Commercial and non-aerospace aftermarket 164 112 Defense 199 210 Total Airframe 506 464 Total Non-aviation 38 43 Net Sales $ 1,194 $ 1,108 The following table reconciles EBITDA As Defined by segment to consolidated income from continuing operations before income taxes (in millions): Thirteen Week Periods Ended January 1, 2022 January 2, 2021 EBITDA As Defined Power & Control $ 328 $ 304 Airframe 226 177 Non-aviation 14 15 Total segment EBITDA As Defined 568 496 Less: Unallocated corporate expenses 3 22 Total Company EBITDA As Defined 565 474 Depreciation and amortization expense 65 58 Interest expense, net 264 267 Acquisition and divestiture-related costs 5 4 Non-cash stock compensation expense 37 49 COVID-19 pandemic restructuring costs — 21 Other, net 1 22 Income from continuing operations before income taxes $ 193 $ 53 The following table presents total assets by segment (in millions): January 1, 2022 September 30, 2021 Total assets Power & Control $ 6,870 $ 6,980 Airframe 7,459 7,472 Non-aviation 223 229 Corporate 4,690 4,634 $ 19,242 $ 19,315

RETIREMENT PLANS

RETIREMENT PLANS	3 Months Ended
RETIREMENT PLANS	Jan. 01, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension and Other Postretirement Benefits Disclosure [Text Block]	RETIREMENT PLANS The components of net periodic pension benefit (income) cost for the Company's U.S. and non-U.S. defined benefit pension plans consisted of the following (in millions): Thirteen Week Periods Ended January 1, 2022 January 2, 2021 U.S. Pension Plans Non-U.S. Pension Plans U.S. Pension Plans Non-U.S. Pension Plans Service cost $ — $ 1 $ 2 $ 1 Interest cost 1 1 2 1 Expected return on plan assets (2) (1) (5) (2) Amortization of net loss — — — 1 Net periodic pension benefit (income) cost $ (1) $ 1 $ (1) $ 1 Net periodic pension benefit (income) cost for the Company’s U.S. and non-U.S. post-retirement pension plans was less than $1 million for the thirteen week periods ended January 1, 2022 and January 2, 2021, respectively. The components of net periodic pension benefit cost, other than service cost, are included in other income in the condensed consolidated statements of income.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS	Jan. 01, 2022
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents the components of accumulated other comprehensive loss, net of taxes, for the thirteen week periods ended January 1, 2022 and January 2, 2021 (in millions): Unrealized gains on derivatives designated and qualifying as cash flow hedges (1) Defined benefit pension plan activity (2) Foreign currency translation Total Balance at September 30, 2021 $ (229) $ (18) $ (1) $ (248) Net current-period other comprehensive gain (loss) 58 — (10) 48 Balance at January 1, 2022 $ (171) $ (18) $ (11) $ (200) Balance at September 30, 2020 $ (302) $ (8) $ (91) $ (401) Net current-period other comprehensive gain 13 — 111 124 Balance at January 2, 2021 $ (289) $ (8) $ 20 $ (277) (1) Represents unrealized gains on derivatives designated and qualifying as cash flow hedges, net of tax benefits of $17.8 million and $5.0 million for the thirteen week periods ended January 1, 2022 and January 2, 2021, respectively. (2) There were no material pension liability adjustments, net of taxes, for the thirteen week periods ended January 1, 2022 and January 2, 2021. Reclassifications out of accumulated other comprehensive loss for the thirteen week periods ended January 1, 2022 and January 2, 2021 were not material.

LEASES

LEASES	3 Months Ended
LEASES	Jan. 01, 2022
Leases [Abstract]
LEASES	LEASES The Company leases certain manufacturing facilities, offices, land, equipment and vehicles. Such leases, some of which are noncancellable and, in many cases, include renewals, expire at various dates. Such options to renew are included in the lease term when it is reasonably certain that the option will be exercised. The Company’s lease agreements typically do not contain any significant residual value guarantees or restrictive covenants, and payments within certain lease agreements are adjusted periodically for changes in an index or rate. The Company determines if an arrangement is a lease at inception. Operating lease assets and liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term. Lease assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. The discount rate implicit within our leases is generally not determinable and therefore we determine the discount rate based on our incremental borrowing rate. The incremental borrowing rate for our leases is determined based on the lease term and the currency in which lease payments are made. The length of a lease term includes options to extend or terminate the lease when it is reasonably certain that the Company will exercise those options. The Company made an accounting policy election to not recognize lease assets or liabilities for leases with a term of 12 months or less. Additionally, when accounting for leases, the Company combines payments for leased assets, related services and other components of a lease. The components of lease expense are as follows (in millions): Thirteen Week Periods Ended Classification January 1, 2022 January 2, 2021 Operating lease cost Cost of Sales or Selling and Administrative Expenses $ 8 $ 7 Finance lease cost Amortization of leased assets Cost of Sales 1 1 Interest on lease liabilities Interest Expense - Net 2 1 Total lease cost $ 11 $ 9 Supplemental cash flow information related to leases is as follows (in millions): Thirteen Week Periods Ended January 1, 2022 January 2, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 7 $ 7 Operating cash outflows from finance leases 2 1 Financing cash outflows from finance leases 1 — Lease assets obtained in exchange for new lease obligations: Operating leases $ 2 $ 4 Financing leases 25 19 Supplemental balance sheet information related to leases is as follows (in millions): Classification January 1, 2022 September 30, 2021 Operating Leases Operating lease right-of-use assets Other assets $ 89 $ 94 Current operating lease liabilities Accrued and other current liabilities 19 20 Long-term operating lease liabilities Other non-current liabilities 74 79 Total operating lease liabilities $ 93 $ 99 Finance Leases Finance lease right-of-use assets, net Property, plant and equipment - net $ 129 $ 104 Current finance lease liabilities Accrued and other current liabilities 2 2 Long-term finance lease liabilities Other non-current liabilities 126 98 Total finance lease liabilities $ 128 $ 100 As of January 1, 2022, the Company has the following remaining lease term and weighted average discount rates: Weighted-average remaining lease term Operating leases 6.4 years Finance leases 21.5 years Weighted-average discount rate Operating leases 5.1% Finance leases 7.2% Maturities of lease liabilities at January 1, 2022 are as follows (in millions): Operating Leases Finance Leases 2022 $ 18 $ 9 2023 19 11 2024 16 12 2025 13 12 2026 10 12 Thereafter 43 212 Total future minimum lease payments 119 268 Less: imputed interest 26 140 Present value of lease liabilities reported $ 93 $ 128

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Jan. 01, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENCIES During the ordinary course of business, the Company is from time to time threatened with, or may become a party to, legal actions and other proceedings. While the Company is currently involved in certain legal proceedings, it believes the results of these proceedings will not have a material adverse effect on its financial condition, results of operations, or cash flows. DoD OIG Audit – TransDigm’s subsidiaries are periodically subject to pricing reviews and government buying agencies that purchase some of our subsidiaries’ products are periodically subject to audits by the Department of Defense (“DoD”) Office of Inspector General (“OIG”) with respect to prices paid for such products. In 2019, the DoD OIG received a congressional letter requesting a comprehensive review of TransDigm’s contracts with the DoD from January 2017 through June 2019 to identify whether TransDigm earned excess profits. This subsequently resulted in an audit by the DoD OIG in which the objective was to determine whether TransDigm’s business model impacted the DoD’s ability to pay fair and reasonable prices for spare parts . In December 2021, the OIG completed the audit and issued the related audit report. Despite the audit report making clear there was no wrongdoing by TransDigm, its businesses, or the DoD, the report recommended that TransDigm voluntarily refund at least $20.8 million in excess profit on 150 contracts subject to the audit. TransDigm disagrees with many of the implications contained in the report, and objects to the use of arbitrary standards and analysis which render many areas of the report inaccurate and misleading. These include: (1) The report expressly acknowledges that it used arbitrary standards that are not applicable to the audited contracts and warns that its arbitrary standards should not be used in the future. The use of inapplicable standards results in flawed analysis and is misleading; (2) The report ignores significant real costs incurred by the business and contrary to law reports these costs as excess profit; (3) Despite data demonstrating that the DoD paid lower prices compared to the commercial prices for similar parts, the report did not conduct a price analysis and instead implies that the DoD negotiated prices that were too high. No loss contingency related to the voluntary refund request has been recorded as of January 1, 2022 as the Company has concluded that based on the current facts and circumstances, it's uncertain as to whether or not the requested voluntary refund will be made.

ACQUISITIONS AND DIVESTITURES (

ACQUISITIONS AND DIVESTITURES (Tables)	Jan. 05, 2021
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The final allocation of the fair value of assets acquired and liabilities assumed in the CAC acquisition as of the acquisition date, as well as measurement period adjustments recorded as of January 1, 2022, are summarized in the table below (in millions): Preliminary Allocation Measurement Period Adjustments Final Assets acquired (excluding cash): Trade accounts receivable $ 31 $ 1 $ 32 Inventories 27 2 29 Prepaid expenses and other 10 (3) 7 Property, plant and equipment 18 3 21 Goodwill 636 61 697 (1) Other intangible assets 309 15 324 (1) Other 34 (3) 31 Total assets acquired (excluding cash) 1,065 76 1,141 Liabilities assumed: Accounts payable 15 3 18 Accrued and other current liabilities 38 6 (2) 44 Deferred income taxes 38 (7) 31 Other non-current liabilities 29 74 (2) 103 Total liabilities assumed 120 76 196 Net assets acquired $ 945 $ — $ 945 (1) Of the approximately $697 million of goodwill recognized for the acquisition, approximately $65 million is deductible for tax purposes. Of the approximately $324 million of other intangible assets recognized for the acquisition, approximately $105 million is deductible for tax purposes. The goodwill and intangible assets are deductible over 15 years. (2) Primarily relates to the recording of loss contract reserves associated with acquired ongoing long-term contracts with customers that were incurring negative gross margins as of the date of acquisition. Based on our review of these contracts, we concluded that the terms of certain contracts were unfavorable when compared to market terms as of the acquisition date. The loss contract reserves, totaling $80.6 million, will be released over an estimated three to five year period.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
REVENUE RECOGNITION (Tables)	Jan. 01, 2022
Schedule of Contract Assets and Liabilities [Line Items]
Contract with Customer, Asset and Liability [Table Text Block]	: January 1, 2022 September 30, 2021 Contract assets, current (1) $ 78 $ 72 Contract assets, non-current (2) 1 2 Total contract assets 79 74 Contract liabilities, current (3) 38 27 Contract liabilities, non-current (4) 8 5 Total contract liabilities 46 32 Net contract assets $ 33 $ 42 (1) Included in prepaid expenses and other on the condensed consolidated balance sheets. (2) Included in other non-current assets on the condensed consolidated balance sheets. (3) Included in accrued and other current liabilities on the condensed consolidated balance sheets. (4) Included in other non-current liabilities on the condensed consolidated balance sheets.
Accounts Receivable, Allowance for Credit Loss	Allowance for Credit Losses – The Company's allowance for credit losses is the allowance for uncollectible accounts. The allowance for uncollectible accounts reduces the trade accounts receivable balance to the estimated net realizable value equal to the amount that is expected to be collected. The Company’s method for developing its allowance for credit losses is based on historical write-off experience, the aging of receivables, an assessment of the creditworthiness of customers, economic conditions and other external market information. All provisions for allowances for uncollectible accounts are included in selling and administrative expenses. As of January 1, 2022 and September 30, 2021, the allowance for uncollectible accounts was $30 million. The allowance for uncollectible accounts is assessed individually at each operating unit by the operating unit’s management team.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Jan. 01, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings (loss) per share (in millions, except per share data) using the two-class method: Thirteen Week Periods Ended January 1, 2022 January 2, 2021 Numerator for earnings (loss) per share: Income from continuing operations $ 163 $ 50 Less: Net income attributable to noncontrolling interests (1) — Net income from continuing operations attributable to TD Group 162 50 Less: Special dividends declared or paid on participating securities, including dividend equivalent payments (46) (73) Income from discontinued operations, net of tax 1 — Net income (loss) applicable to TD Group common stockholders—basic and diluted $ 117 $ (23) Denominator for basic and diluted earnings (loss) per share under the two-class method: Weighted-average common shares outstanding 55.3 54.7 Vested options deemed participating securities 3.9 — Total shares for basic and diluted earnings per share 59.2 54.7 Earnings (loss) per share from continuing operations—basic and diluted $ 1.96 $ (0.42) Earnings per share from discontinued operations—basic and diluted 0.02 — Earnings (loss) per share $ 1.98 $ (0.42)

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
INVENTORIES (Tables)	Jan. 01, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories consist of the following (in millions): January 1, 2022 September 30, 2021 Raw materials and purchased component parts $ 871 $ 850 Work-in-progress 335 322 Finished goods 206 207 Total 1,412 1,379 Reserves for excess and obsolete inventory (197) (194) Inventories—Net $ 1,215 $ 1,185

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	3 Months Ended
INTANGIBLE ASSETS (Tables)	Jan. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Subject to Amortization	Other intangible assets–net in the condensed consolidated balance sheets consist of the following (in millions): January 1, 2022 September 30, 2021 Gross Carrying Accumulated Net Gross Carrying Accumulated Net Trademarks & trade names $ 983 $ — $ 983 $ 983 $ — $ 983 Technology 2,017 714 1,303 2,009 679 1,330 Order backlog 16 15 1 16 11 5 Customer relationships 544 86 458 545 78 467 Other 8 1 7 18 12 6 Total $ 3,568 $ 816 $ 2,752 $ 3,571 $ 780 $ 2,791

DEBT (Tables)

DEBT (Tables)	3 Months Ended
DEBT (Tables)	Jan. 01, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s debt consists of the following (in millions): January 1, 2022 Gross Amount Debt Issuance Costs Original Issue Discount or Premium Net Amount Short-term borrowings—trade receivable securitization facility $ 350 $ — $ — $ 350 Term loans $ 7,354 $ (36) $ (16) $ 7,302 8.00% senior secured notes due 2025 (“2025 Secured Notes”) 1,100 (7) — 1,093 6.375% senior subordinated notes due 2026 (“6.375% 2026 Notes”) 950 (5) — 945 6.875% senior subordinated notes due 2026 (“6.875% 2026 Notes”) 500 (4) (2) 494 6.25% secured notes due 2026 (“2026 Secured Notes”) 4,400 (43) 4 4,361 7.50% senior subordinated notes due 2027 (“7.50% 2027 Notes”) 550 (4) — 546 5.50% senior subordinated notes due 2027 (“5.50% 2027 Notes”) 2,650 (17) — 2,633 4.625% senior subordinated notes due 2029 (“4.625% 2029 Notes”) 1,200 (10) — 1,190 4.875% senior subordinated notes due 2029 (“4.875% 2029 Notes”) 750 (6) — 744 Government refundable advances 28 — — 28 Finance lease obligations 128 — — 128 19,610 (132) (14) 19,464 Less: current portion 77 (1) — 76 Long-term debt $ 19,533 $ (131) $ (14) $ 19,388 September 30, 2021 Gross Amount Debt Issuance Costs Original Issue Discount or Premium Net Amount Short-term borrowings—trade receivable securitization facility $ 350 $ (1) $ — $ 349 Term loans $ 7,374 $ (39) $ (17) $ 7,318 Revolving credit facility 200 — — 200 2025 Secured Notes 1,100 (7) — 1,093 6.375% 2026 Notes 950 (5) — 945 6.875% 2026 Notes 500 (4) (2) 494 2026 Secured Notes 4,400 (45) 4 4,359 7.50% 2027 Notes 550 (4) — 546 5.50% 2027 Notes 2,650 (18) — 2,632 4.625% 2029 Notes 1,200 (10) — 1,190 4.875% 2029 Notes 750 (7) — 743 Government refundable advances 29 — — 29 Finance lease obligations 100 — — 100 19,803 (139) (15) 19,649 Less: current portion 278 (1) — 277 Long-term debt $ 19,525 $ (138) $ (15) $ 19,372

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Jan. 01, 2022
Fair Value Disclosures [Abstract]
Carrying Amounts and Fair Values of Financial Instruments	: January 1, 2022 September 30, 2021 Level Carrying Fair Value Carrying Fair Value Assets: Cash and cash equivalents 1 $ 4,813 $ 4,813 $ 4,787 $ 4,787 Interest rate cap agreements (1) 2 11 11 8 8 Liabilities: Interest rate swap agreements (2) 2 106 106 100 100 Interest rate swap agreements (3) 2 103 103 180 180 Foreign currency forward exchange contracts (2) 2 4 4 4 4 Short-term borrowings - trade receivable securitization facility (4) 2 350 350 349 349 Long-term debt, including current portion: Term loans (4) 2 7,302 7,216 7,318 7,268 Revolving credit facility (4) 2 — — 200 200 2025 Secured Notes (4) 1 1,093 1,159 1,093 1,170 6.375% 2026 Notes (4) 1 945 976 945 981 6.875% 2026 Notes (4) 1 494 521 494 527 2026 Secured Notes (4) 1 4,361 4,565 4,359 4,593 7.50% 2027 Notes (4) 1 546 575 546 578 5.50% 2027 Notes (4) 1 2,633 2,703 2,632 2,730 4.625% 2029 Notes (4) 1 1,190 1,188 1,190 1,196 4.875% 2029 Notes (4) 1 744 750 743 751 Government refundable advances 2 28 28 29 29 Finance lease obligations 2 128 128 100 100 (1) Included in other assets on the condensed consolidated balance sheets. (2) Included in accrued and other current liabilities on the condensed consolidated balance sheets. (3) Included in other non-current liabilities on the condensed consolidated balance sheets. (4) The carrying amount of the debt instrument is presented net of debt issuance costs, premium and discount. Refer to Note 9, “Debt,” for gross carrying amounts.

DERIVATIVES AND HEDGING ACTIV_2

DERIVATIVES AND HEDGING ACTIVITIES (Tables)	3 Months Ended
DERIVATIVES AND HEDGING ACTIVITIES (Tables)	Jan. 01, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	The following table summarizes the Company's interest rate swap agreements: Aggregate Notional Amount (in millions) Start Date End Date Related Term Loans Conversion of Related Variable Rate Debt to $500 6/29/2018 3/31/2025 Tranche E 5.25% (3.0% plus the 2.25% margin percentage) $750 6/30/2020 6/30/2022 Tranche E 4.75% (2.5% plus the 2.25% margin percentage) $1,500 6/30/2022 3/31/2025 Tranche E 5.35% (3.1% plus the 2.25% margin percentage) $700 3/31/2023 9/30/2025 Tranche F 3.55% (1.3% plus the 2.25% margin percentage) $1,400 6/30/2021 3/31/2023 Tranche F 5.25% (3.0% plus the 2.25% margin percentage) $400 9/30/2017 9/30/2022 Tranche G 4.15% (1.9% plus the 2.25% margin percentage) $900 12/31/2021 6/28/2024 Tranche G 5.35% (3.1% plus the 2.25% margin percentage) $400 9/30/2022 6/28/2024 Tranche G 5.25% (3.0% plus the 2.25% margin percentage) The following table summarizes the Company's interest rate cap agreements: Aggregate Notional Amount (in millions) Start Date End Date Related Term Loans Offsets Variable Rate Debt Attributable to $750 6/30/2020 6/30/2022 Tranche E Three month LIBOR rate of 2.50% $700 3/31/2023 9/30/2025 Tranche F Three month LIBOR rate of 1.25%
Schedule of Interest Rate Derivatives [Table Text Block]	January 1, 2022 September 30, 2021 Asset Liability Asset Liability Interest rate cap agreements $ 11 $ — $ 8 $ — Interest rate swap agreements — (209) — (280) Net derivatives as classified in the condensed consolidated balance sheets (1) $ 11 $ (209) $ 8 $ (280) (1) Refer to Note 11, “Fair Value Measurements,” for the condensed consolidated balance sheets classification of our interest rate swap and cap agreements.

SEGMENTS (Tables)

SEGMENTS (Tables)	3 Months Ended
SEGMENTS (Tables)	Jan. 01, 2022
Segment Reporting [Abstract]
Net Sales by Reportable Segments	The following table presents net sales by reportable segment (in millions): Thirteen Week Periods Ended January 1, 2022 January 2, 2021 Net sales to external customers Power & Control Commercial and non-aerospace OEM $ 136 $ 126 Commercial and non-aerospace aftermarket 202 132 Defense 312 343 Total Power & Control 650 601 Airframe Commercial and non-aerospace OEM 143 142 Commercial and non-aerospace aftermarket 164 112 Defense 199 210 Total Airframe 506 464 Total Non-aviation 38 43 Net Sales $ 1,194 $ 1,108
EBITDA Defined by Segment to Consolidated Income Before Taxes	The following table reconciles EBITDA As Defined by segment to consolidated income from continuing operations before income taxes (in millions): Thirteen Week Periods Ended January 1, 2022 January 2, 2021 EBITDA As Defined Power & Control $ 328 $ 304 Airframe 226 177 Non-aviation 14 15 Total segment EBITDA As Defined 568 496 Less: Unallocated corporate expenses 3 22 Total Company EBITDA As Defined 565 474 Depreciation and amortization expense 65 58 Interest expense, net 264 267 Acquisition and divestiture-related costs 5 4 Non-cash stock compensation expense 37 49 COVID-19 pandemic restructuring costs — 21 Other, net 1 22 Income from continuing operations before income taxes $ 193 $ 53
Total Assets by Segment	The following table presents total assets by segment (in millions): January 1, 2022 September 30, 2021 Total assets Power & Control $ 6,870 $ 6,980 Airframe 7,459 7,472 Non-aviation 223 229 Corporate 4,690 4,634 $ 19,242 $ 19,315

RETIREMENT BENEFITS (Tables)

RETIREMENT BENEFITS (Tables)	3 Months Ended
RETIREMENT BENEFITS (Tables)	Jan. 01, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Net Benefit Costs [Table Text Block]	The components of net periodic pension benefit (income) cost for the Company's U.S. and non-U.S. defined benefit pension plans consisted of the following (in millions): Thirteen Week Periods Ended January 1, 2022 January 2, 2021 U.S. Pension Plans Non-U.S. Pension Plans U.S. Pension Plans Non-U.S. Pension Plans Service cost $ — $ 1 $ 2 $ 1 Interest cost 1 1 2 1 Expected return on plan assets (2) (1) (5) (2) Amortization of net loss — — — 1 Net periodic pension benefit (income) cost $ (1) $ 1 $ (1) $ 1

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	Jan. 01, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The following table presents the components of accumulated other comprehensive loss, net of taxes, for the thirteen week periods ended January 1, 2022 and January 2, 2021 (in millions): Unrealized gains on derivatives designated and qualifying as cash flow hedges (1) Defined benefit pension plan activity (2) Foreign currency translation Total Balance at September 30, 2021 $ (229) $ (18) $ (1) $ (248) Net current-period other comprehensive gain (loss) 58 — (10) 48 Balance at January 1, 2022 $ (171) $ (18) $ (11) $ (200) Balance at September 30, 2020 $ (302) $ (8) $ (91) $ (401) Net current-period other comprehensive gain 13 — 111 124 Balance at January 2, 2021 $ (289) $ (8) $ 20 $ (277) (1) Represents unrealized gains on derivatives designated and qualifying as cash flow hedges, net of tax benefits of $17.8 million and $5.0 million for the thirteen week periods ended January 1, 2022 and January 2, 2021, respectively.

LEASES (Tables)

LEASES (Tables)	3 Months Ended
LEASES (Tables)	Jan. 01, 2022
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of lease expense are as follows (in millions): Thirteen Week Periods Ended Classification January 1, 2022 January 2, 2021 Operating lease cost Cost of Sales or Selling and Administrative Expenses $ 8 $ 7 Finance lease cost Amortization of leased assets Cost of Sales 1 1 Interest on lease liabilities Interest Expense - Net 2 1 Total lease cost $ 11 $ 9
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Supplemental cash flow information related to leases is as follows (in millions): Thirteen Week Periods Ended January 1, 2022 January 2, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 7 $ 7 Operating cash outflows from finance leases 2 1 Financing cash outflows from finance leases 1 — Lease assets obtained in exchange for new lease obligations: Operating leases $ 2 $ 4 Financing leases 25 19
Leases, Supplemental Balance Sheet Information [Table Text Block]	Supplemental balance sheet information related to leases is as follows (in millions): Classification January 1, 2022 September 30, 2021 Operating Leases Operating lease right-of-use assets Other assets $ 89 $ 94 Current operating lease liabilities Accrued and other current liabilities 19 20 Long-term operating lease liabilities Other non-current liabilities 74 79 Total operating lease liabilities $ 93 $ 99 Finance Leases Finance lease right-of-use assets, net Property, plant and equipment - net $ 129 $ 104 Current finance lease liabilities Accrued and other current liabilities 2 2 Long-term finance lease liabilities Other non-current liabilities 126 98 Total finance lease liabilities $ 128 $ 100 As of January 1, 2022, the Company has the following remaining lease term and weighted average discount rates: Weighted-average remaining lease term Operating leases 6.4 years Finance leases 21.5 years Weighted-average discount rate Operating leases 5.1% Finance leases 7.2%
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturities of lease liabilities at January 1, 2022 are as follows (in millions): Operating Leases Finance Leases 2022 $ 18 $ 9 2023 19 11 2024 16 12 2025 13 12 2026 10 12 Thereafter 43 212 Total future minimum lease payments 119 268 Less: imputed interest 26 140 Present value of lease liabilities reported $ 93 $ 128
Finance Lease, Liability, Maturity [Table Text Block]	Maturities of lease liabilities at January 1, 2022 are as follows (in millions): Operating Leases Finance Leases 2022 $ 18 $ 9 2023 19 11 2024 16 12 2025 13 12 2026 10 12 Thereafter 43 212 Total future minimum lease payments 119 268 Less: imputed interest 26 140 Present value of lease liabilities reported $ 93 $ 128

DESCRIPTION OF THE BUSINESS - N

DESCRIPTION OF THE BUSINESS - Narratives (Details)	Jan. 01, 2022
Accounting Policies [Abstract]
Percentage of ownership in subsidiary	100.00%

ACQUISITIONS AND DIVESTITURES -

ACQUISITIONS AND DIVESTITURES - Narratives (Details) - USD ($)		Jun. 30, 2021	Apr. 27, 2021	Jan. 29, 2021	Jan. 05, 2021	Nov. 17, 2020	Dec. 20, 2019	Jan. 01, 2022		Jan. 02, 2021	Sep. 30, 2021
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired								$ 0		$ 6,000,000
GOODWILL								8,568,000,000			$ 8,568,000,000
Goodwill, Purchase Accounting Adjustments	[1]							3,000,000
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX								$ 1,000,000		$ 0
Minimum [Member]
Business Acquisition [Line Items]
Air Transportation Equipment Estimated Useful Life								25 years
Maximum [Member]
Business Acquisition [Line Items]
Air Transportation Equipment Estimated Useful Life								30 years
Cobham [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired					$ 945,000,000
Current assets, excluding cash acquired					31,000,000			$ 32,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory					27,000,000			29,000,000
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Current Assets, Prepaid Expenses and Other								(3,000,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets					10,000,000			7,000,000
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Property, Plant, and Equipment								3,000,000
Property, plant, and equipment					18,000,000			21,000,000
GOODWILL					636,000,000			697,000,000	[2]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles								15,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill					309,000,000			324,000,000	[2]
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Other Assets								(3,000,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets					34,000,000			31,000,000
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Total Assets Acquired								76,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets					1,065,000,000			1,141,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable					15,000,000			18,000,000
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Accrued and Other Current Liabilities	[3]							6,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other					38,000,000			44,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Current					38,000,000			31,000,000
Other noncurrent liabilities					29,000,000			103,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities					120,000,000			196,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net					$ 945,000,000			945,000,000
Tax benefit recognition period (in years)					15 years
Business acquisition, Intangibles, Tax Deductible Amount					$ 105,000,000
Business acquisition, Goodwill, Tax Deductible Amount					65,000,000
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentCurrentAssets,Receivable								1,000,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory								2,000,000
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Accounts Payable								(7,000,000)
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Other Non-Current Liabilities	[3]							74,000,000
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Total Liabilities Assumed								76,000,000
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Net Assets Acquired								0
Business Combination Provisional Information Initial Accounting Incomplete Adjustment accounts payable								3,000,000
Goodwill, Purchase Accounting Adjustments								61,000,000
Loss Contingency, Estimate of Possible Loss					$ 80,600,000
Souriau Sunbank [Member]
Business Acquisition [Line Items]
Divestiture, Sale Price							$ 920,000,000
Racal [Member]
Business Acquisition [Line Items]
Divestiture, Sale Price				$ 20,000,000
Avista [Member]
Business Acquisition [Line Items]
Divestiture, Sale Price						$ 8,000,000
ScioTeq and TREALITY
Business Acquisition [Line Items]
Divestiture, Sale Price								$ 200,000,000
TAC
Business Acquisition [Line Items]
Divestiture, Sale Price			$ 40,000,000
Scioteq, Treality, and TAC
Business Acquisition [Line Items]
Gain on sale of businesses, net		$ 68,000,000

[1]	Primarily relates to opening balance sheet adjustments recorded from the acquisition of CAC up to the expiration of the one year measurement period.
[2]	Of the approximately $697 million of goodwill recognized for the acquisition, approximately $65 million is deductible for tax purposes. Of the approximately $324 million of other intangible assets recognized for the acquisition, approximately $105 million is deductible for tax purposes. The goodwill and intangible assets are deductible over 15 years.
[3]	Primarily relates to the recording of loss contract reserves associated with acquired ongoing long-term contracts with customers that were incurring negative gross margins as of the date of acquisition. Based on our review of these contracts, we concluded that the terms of certain contracts were unfavorable when compared to market terms as of the acquisition date. The loss contract reserves, totaling $80.6 million, will be released over an estimated three to five year period.

REVENUE RECOGNITION - Contract

REVENUE RECOGNITION - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021
Schedule of Contract Assets and Liabilities [Line Items]
Contract with Customer, Asset, Net, Current	$ 78	$ 72	[1]
Contract with Customer, Asset, Net, Noncurrent	1	2	[2]
Contract with Customer, Asset, after Allowance for Credit Loss	79	74
Contract with Customer, Liability, Current	38	27	[3]
Contract with Customer, Liability, Noncurrent	8	5	[4]
Contract with Customer, Liability	46	32
Net Contract Asset	$ 33	$ 42

[1]	Included in prepaid expenses and other on the condensed consolidated balance sheets.
[2]	Included in other non-current assets on the condensed consolidated balance sheets.
[3]	Included in accrued and other current liabilities on the condensed consolidated balance sheets.
[4]	Included in other non-current liabilities on the condensed consolidated balance sheets.

REVENUE RECOGNITION - Allowance

REVENUE RECOGNITION - Allowance for Credit Losses (Details) $ in Millions	Jan. 01, 2022USD ($)
Revenue from Contract with Customer [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 30

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Basic and Diluted EPS (two-class method) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Earnings Per Share [Abstract]
Income from continuing operations	$ 163	$ 50
Net Income (Loss) Attributable to Noncontrolling Interest	1	0
Net income from continuing operations attributable to TD Group	162	50
Numerator for earnings (loss) per share:
Less: Special dividends declared or paid on participating securities, including dividend equivalent payments	(46)	(73)
Income from discontinued operations, net of tax	(1)	0
Net income (loss) applicable to TD Group common stockholders—basic and diluted	$ 117	$ (23)
Denominator for basic and diluted earnings per share under the two-class method, in shares:
Weighted-average common shares outstanding	55.3	54.7
Vested options deemed participating securities	3.9	0
Basic and diluted (in shares)	59.2	54.7
Earnings (loss) per share from continuing operations—basic and diluted	$ 1.96	$ (0.42)
Earnings per share from discontinued operations—basic and diluted	0.02	0
Basic and diluted earnings per share (in dollars per share)	$ 1.98	$ (0.42)

INVENTORIES - Schedule of Inven

INVENTORIES - Schedule of Inventories (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021
Inventory Disclosure [Abstract]
Raw materials and purchased component parts	$ 871	$ 850
Work-in-progress	335	322
Finished goods	206	207
Total	1,412	1,379
Reserves for excess and obsolete inventory	(197)	(194)
Inventories—Net	$ 1,215	$ 1,185

INTANGIBLE ASSETS - Intangible

INTANGIBLE ASSETS - Intangible Assets Subject to Amortization (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 3,568	$ 3,571
Intangible Assets, Accumulated Amortization	816	780
Total	2,752	2,791
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,017	2,009
Accumulated Amortization	714	679
Net	1,303	1,330
Order backlog
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	16	16
Accumulated Amortization	15	11
Net	1	5
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	544	545
Accumulated Amortization	86	78
Net	458	467
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8	18
Accumulated Amortization	1	12
Net	7	6
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill), Gross	983	983
Indefinite-Lived Intangible Assets, Accumulated Amortization	0	0
Intangible Assets (Excluding Goodwill), Net	$ 983	$ 983

INTANGIBLE ASSETS - Summary of

INTANGIBLE ASSETS - Summary of Changes in Carrying Value of Goodwill (by Segment) (Details) $ in Millions	3 Months Ended
	Jan. 01, 2022USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 8,568
Goodwill, Foreign Currency Translation Gain (Loss)	(3)
Goodwill, Purchase Accounting Adjustments	3	[1]
Goodwill, Ending Balance	8,568
Power And Control [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	4,149
Goodwill, Foreign Currency Translation Gain (Loss)	(4)
Goodwill, Purchase Accounting Adjustments	0	[1]
Goodwill, Ending Balance	4,145
Airframe [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	4,326
Goodwill, Foreign Currency Translation Gain (Loss)	1
Goodwill, Purchase Accounting Adjustments	3	[1]
Goodwill, Ending Balance	4,330
Non-Aviation Related Business [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	93
Goodwill, Foreign Currency Translation Gain (Loss)	0
Goodwill, Purchase Accounting Adjustments	0	[1]
Goodwill, Ending Balance	$ 93

[1]	Primarily relates to opening balance sheet adjustments recorded from the acquisition of CAC up to the expiration of the one year measurement period.

INTANGIBLE ASSETS - Aggregate A

INTANGIBLE ASSETS - Aggregate Amortization Expense on Identifiable Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Finite-Lived Intangible Assets [Line Items]
AMORTIZATION OF INTANGIBLE ASSETS	$ 36	$ 29

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($) $ in Millions		Jan. 01, 2022	Dec. 29, 2021	Oct. 06, 2021	Sep. 30, 2021
Debt Instrument [Line Items]
Gross Amount		$ 19,610			$ 19,803
Debt Issuance Costs		(132)			(139)
Debt Instrument, Unamortized Discount (Premium), Net		(14)			(15)
Short-term borrowings—trade receivable securitization facility		350			349
Long-term Debt		19,464			19,649
Current portion of long-term debt		76			277
Long-term Debt, Gross and Lease Obligation		19,533			19,525
Deferred Finance Costs, Excluding Current Maturities		(131)			(138)
Debt Instrument, Unamortized Discount, Excluding Current Maturities		(14)			(15)
Long-term Debt and Lease Obligation		19,388			19,372
Finance Lease Obligations		128			100
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Issuance Costs, Gross		0.2
Line of Credit Facility, Maximum Borrowing Capacity			$ 810		760
Line of Credit Facility, Remaining Borrowing Capacity		776.5
Term loans
Debt Instrument [Line Items]
Gross Amount		7,354			7,374
Debt Issuance Costs		(36)			(39)
Debt Instrument, Unamortized Discount (Premium), Net		(16)			(17)
Long-term Debt	[1]	$ 7,302			7,318
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Gross Amount				$ 200	200
Debt Issuance Costs					0
Debt Instrument, Unamortized Discount (Premium), Net					0
Long-term Debt					$ 200
Interest Payable				$ 0.1
Senior Subordinated Notes \| Senior Subordinated Notes Due 2026 6.375% [Member]
Debt Instrument [Line Items]
Interest rate		6.375%			6.375%
Gross Amount		$ 950			$ 950
Debt Issuance Costs		(5)			(5)
Debt Instrument, Unamortized Discount (Premium), Net		0			0
Long-term Debt	[1]	$ 945			$ 945
Senior Subordinated Notes \| Senior subordinated notes due 2026 6.875% [Member]
Debt Instrument [Line Items]
Interest rate		6.875%			6.875%
Gross Amount		$ 500			$ 500
Debt Issuance Costs		(4)			(4)
Debt Instrument, Unamortized Discount (Premium), Net		(2)			(2)
Long-term Debt	[1]	$ 494			$ 494
Senior Subordinated Notes \| Senior Subordinated Notes $550M Due 2027 7.50% [Member]
Debt Instrument [Line Items]
Interest rate		7.50%			7.50%
Gross Amount		$ 550			$ 550
Debt Issuance Costs		(4)			(4)
Debt Instrument, Unamortized Discount (Premium), Net		0			0
Long-term Debt	[1]	$ 546			$ 546
Senior Subordinated Notes \| Senior Subordinated Notes $2650M Due 2027 5.50% [Member]
Debt Instrument [Line Items]
Interest rate		5.50%			5.50%
Gross Amount		$ 2,650			$ 2,650
Debt Issuance Costs		(17)			(18)
Debt Instrument, Unamortized Discount (Premium), Net		0			0
Long-term Debt	[1]	$ 2,633			2,632
Senior Subordinated Notes \| Senior Subordinated Notes $1200M Due 2029 4.625%
Debt Instrument [Line Items]
Interest rate		4.625%
Gross Amount		$ 1,200			1,200
Debt Issuance Costs		(10)			(10)
Debt Instrument, Unamortized Discount (Premium), Net		0			0
Long-term Debt	[1]	$ 1,190			1,190
Senior Subordinated Notes \| Senior Subordinated Notes $750M due 2029 4.875%
Debt Instrument [Line Items]
Interest rate		4.875%
Gross Amount		$ 750			750
Debt Issuance Costs		(6)			(7)
Debt Instrument, Unamortized Discount (Premium), Net		0			0
Long-term Debt	[1]	$ 744			743
Secured Debt [Member] \| Senior Secured Notes $1.1B due 2025 8% [Member]
Debt Instrument [Line Items]
Interest rate		8.00%
Gross Amount		$ 1,100			1,100
Debt Issuance Costs		(7)			(7)
Debt Instrument, Unamortized Discount (Premium), Net		0			0
Long-term Debt	[1]	$ 1,093			1,093
Secured Debt [Member] \| Senior Secured Notes $4.4B Due 2026 6.25% [Member]
Debt Instrument [Line Items]
Interest rate		6.25%
Gross Amount		$ 4,400			4,400
Debt Issuance Costs		(43)			(45)
Debt Instrument, Unamortized Discount (Premium), Net		4			4
Long-term Debt	[1]	4,361			4,359
Government Refundable Advances [Member]
Debt Instrument [Line Items]
Debt Issuance Costs		0			0
Debt Instrument, Unamortized Discount (Premium), Net		0			0
Long-term Debt		28			29
Government refundable advances		28			29
Finance Lease Obligations
Debt Instrument [Line Items]
Debt Issuance Costs		0			0
Debt Instrument, Unamortized Discount (Premium), Net		0			0
Long-term Debt		128			100
Finance Lease Obligations		128			100
Less: current portion
Debt Instrument [Line Items]
Debt Issuance Costs		(1)			(1)
Debt Instrument, Unamortized Discount (Premium), Net					0
Debt Instrument, Unamortized Discount		0
Long-term Debt, Current Maturities, Gross		77			278
Current portion of long-term debt		76			277
Asset-backed Securities
Debt Instrument [Line Items]
Debt Issuance Costs		0			(1)
Debt Instrument, Unamortized Discount (Premium), Net		0			0
Short-term borrowings—trade receivable securitization facility, Gross		350			350
Short-term borrowings—trade receivable securitization facility	[1]	$ 350			$ 349

[1]	The carrying amount of the debt instrument is presented net of debt issuance costs, premium and discount. Refer to Note 9, “Debt,” for gross carrying amounts.

DEBT - Additional Debt Instrume

DEBT - Additional Debt Instruments (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Interest Payable, Current	$ 172	$ 191
Gross Amount	19,610	19,803
Finance Lease Obligations	128	100
Government Refundable Advances [Member]
Debt Instrument [Line Items]
Government refundable advances	28	29
Finance Lease Obligations
Debt Instrument [Line Items]
Finance Lease Obligations	$ 128	$ 100

INCOME TAXES - Narratives (Deta

INCOME TAXES - Narratives (Details) - USD ($) $ in Millions	3 Months Ended
INCOME TAXES - Narratives (Details) - USD ($) $ in Millions	Jan. 01, 2022	Jan. 02, 2021	Sep. 30, 2021
Effective income tax rate	15.70%	5.50%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Tax rate effect	$ 18.5		$ 19.1
Reduction in tax position in next 12 months	3.8
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 4.9

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying Amounts and Fair Values of Financial Instruments (Details) - USD ($) $ in Millions		Jan. 01, 2022	Sep. 30, 2021	Jan. 02, 2021	Sep. 30, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		$ 4,813	$ 4,787	$ 4,907	$ 4,717
Short-term borrowings—trade receivable securitization facility		350	349
Long-term Debt		19,464	19,649
Other Noncurrent Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Cap Agreements	[1]	11	8
Accrued Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swap agreements	[2]	106	100
Foreign Currency Contract, Liability	[2]	4	4
Other Noncurrent Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swap agreements	[3]	103	180
Term loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	7,302	7,318
Government Refundable Advances [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt		28	29
Finance Lease Obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt		128	100
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, Fair Value		4,813	4,787
Level 2 \| Other Noncurrent Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Cap Agreements	[1]	11	8
Level 2 \| Accrued Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swap agreements, Fair Value	[2]	106	100
Foreign Currency Contract, Liability	[2]	4	4
Level 2 \| Other Noncurrent Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swap agreements, Fair Value	[3]	103	180
Level 2 \| Term loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	7,216	7,268
Level 2 \| Government Refundable Advances [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value		28	29
Level 2 \| Finance Lease Obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value		128	100
Senior Secured Notes $1.1B due 2025 8% [Member] \| Secured Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	1,093	1,093
Senior Secured Notes $1.1B due 2025 8% [Member] \| Level 1 \| Secured Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	1,159	1,170
Senior Subordinated Notes Due 2026 6.375% [Member] \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	945	945
Senior Subordinated Notes Due 2026 6.375% [Member] \| Level 1 \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	976	981
Senior subordinated notes due 2026 6.875% [Member] \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	494	494
Senior subordinated notes due 2026 6.875% [Member] \| Level 1 \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	521	527
Senior Secured Notes $4.4B Due 2026 6.25% [Member] \| Secured Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	4,361	4,359
Senior Secured Notes $4.4B Due 2026 6.25% [Member] \| Level 1 \| Secured Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	4,565	4,593
Senior Subordinated Notes $550M Due 2027 7.50% [Member] \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	546	546
Senior Subordinated Notes $550M Due 2027 7.50% [Member] \| Level 1 \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	575	578
Senior Subordinated Notes $2650M Due 2027 5.50% [Member] \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	2,633	2,632
Senior Subordinated Notes $2650M Due 2027 5.50% [Member] \| Level 1 \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	2,703	2,730
Senior Subordinated Notes $1200M Due 2029 4.625% \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	1,190	1,190
Senior Subordinated Notes $1200M Due 2029 4.625% \| Level 1 \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	1,188	1,196
Senior Subordinated Notes $750M due 2029 4.875% \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	744	743
Senior Subordinated Notes $750M due 2029 4.875% \| Level 1 \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	750	751
Asset-backed Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term borrowings—trade receivable securitization facility	[4]	350	349
Asset-backed Securities \| Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term borrowings - trade receivable securitization facility, Fair Value	[4]	350	349
Revolving Credit Facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	0	200
Revolving Credit Facility [Member] \| Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	$ 0	$ 200

[1]	Included in other assets on the condensed consolidated balance sheets.
[2]	Included in accrued and other current liabilities on the condensed consolidated balance sheets.
[3]	Included in other non-current liabilities on the condensed consolidated balance sheets.
[4]	The carrying amount of the debt instrument is presented net of debt issuance costs, premium and discount. Refer to Note 9, “Debt,” for gross carrying amounts.

DERIVATIVES AND HEDGING ACTIV_3

DERIVATIVES AND HEDGING ACTIVITIES - Summary of Outstanding Interest Rate Swap and Cap Agreements (Details) $ in Millions	Jan. 01, 2022USD ($)
Tranche F \| Interest rate swap June 28, 2016 [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	3.55%
Derivative, Variable Interest Rate	1.30%
Derivative, Basis Spread on Variable Rate	2.25%
Derivative, Notional Amount	$ 700
Tranche F \| Interest rate swap beginning June 30, 2021 [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	5.25%
Derivative, Variable Interest Rate	3.00%
Derivative, Basis Spread on Variable Rate	2.25%
Derivative, Notional Amount	$ 1,400
Tranche F \| Interest rate cap agreements beginning June 30, 2016 [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 700
Derivative, Cap Interest Rate	1.25%
Tranche E \| Interest rate swap beginning June 29, 2018 [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	5.25%
Derivative, Variable Interest Rate	3.00%
Derivative, Basis Spread on Variable Rate	2.25%
Derivative, Notional Amount	$ 500
Tranche E \| Interest rate swap beginning June 30, 2020 [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	4.75%
Derivative, Variable Interest Rate	2.50%
Derivative, Basis Spread on Variable Rate	2.25%
Derivative, Notional Amount	$ 750
Tranche E \| Interest rate swap beginning June 30, 2022 [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	5.35%
Derivative, Variable Interest Rate	3.10%
Derivative, Basis Spread on Variable Rate	2.25%
Derivative, Notional Amount	$ 1,500
Tranche E \| Interest rate cap beginning June 30, 2020 [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 750
Derivative, Cap Interest Rate	2.50%
Tranche G [Member] \| Interest rate swap beginning September 30, 2017 [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	4.15%
Derivative, Variable Interest Rate	1.90%
Derivative, Basis Spread on Variable Rate	2.25%
Derivative, Notional Amount	$ 400
Tranche G [Member] \| Interest rate swap beginning December 31, 2021 [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	5.35%
Derivative, Variable Interest Rate	3.10%
Derivative, Basis Spread on Variable Rate	2.25%
Derivative, Notional Amount	$ 900
Tranche G [Member] \| Interest rate swap beginning September 30, 2022 [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	5.25%
Derivative, Variable Interest Rate	3.00%
Derivative, Basis Spread on Variable Rate	2.25%
Derivative, Notional Amount	$ 400

DERIVATIVES AND HEDGING ACTIV_4

DERIVATIVES AND HEDGING ACTIVITIES - Summary of Balance Sheet Presentation of Derivative Assets and Liabilities (Details) - USD ($) $ in Millions		Jan. 01, 2022	Sep. 30, 2021
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	[1]	$ 11	$ 8
Derivative Liability, Fair Value, Gross Liability	[1]	209	280
Interest Rate Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset		0	0
Derivative Liability, Fair Value, Gross Liability		209	280
Interest Rate Cap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset		11	8
Derivative Liability, Fair Value, Gross Liability		$ 0	$ 0

[1]	Refer to Note 11, “Fair Value Measurements,” for the condensed consolidated balance sheets classification of our interest rate swap and cap agreements.

DERIVATIVES AND HEDGING ACTIV_5

DERIVATIVES AND HEDGING ACTIVITIES - Narratives (Details) $ in Millions	3 Months Ended
	Jan. 01, 2022USD ($)
Interest Rate Swap and Cap
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred	$ 106.3
Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative, Notional Amount	97.5
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Net Sales upon Settlement	1
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Earnings, net of Tax, Next 12 months (Estimated)	(3.7)
Interest rate cap agreements beginning June 30, 2016 [Member] \| Tranche F
Derivative [Line Items]
Derivative, Notional Amount	$ 700
Derivative, Cap Interest Rate	1.25%
Interest rate swap June 28, 2016 [Member] \| Tranche F
Derivative [Line Items]
Derivative, Notional Amount	$ 700
Derivative, Fixed Interest Rate	3.55%
Derivative, Variable Interest Rate	1.30%
Derivative, Basis Spread on Variable Rate	2.25%
Interest rate cap beginning June 30, 2020 [Member] \| Tranche E
Derivative [Line Items]
Derivative, Notional Amount	$ 750
Derivative, Cap Interest Rate	2.50%

SEGMENTS - Narratives (Details)

SEGMENTS - Narratives (Details)	3 Months Ended
SEGMENTS - Narratives (Details)	Jan. 01, 2022Segment
Segment Reporting [Abstract]
Number of reporting segments	3

SEGMENTS - Schedule of Net Sale

SEGMENTS - Schedule of Net Sales by Reportable Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Segment Reporting Information [Line Items]
NET SALES	$ 1,194	$ 1,108
Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	650	601
Operating Segments \| Airframe [Member]
Segment Reporting Information [Line Items]
NET SALES	506	464
Operating Segments \| Non-Aviation Related Business [Member]
Segment Reporting Information [Line Items]
NET SALES	38	43
Commercial OEM [Member] \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	136	126
Commercial OEM [Member] \| Operating Segments \| Airframe [Member]
Segment Reporting Information [Line Items]
NET SALES	143	142
Commercial Aftermarket [Member] \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	202	132
Commercial Aftermarket [Member] \| Operating Segments \| Airframe [Member]
Segment Reporting Information [Line Items]
NET SALES	164	112
Defense [Member] \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	312	343
Defense [Member] \| Operating Segments \| Airframe [Member]
Segment Reporting Information [Line Items]
NET SALES	$ 199	$ 210

SEGMENTS - Reconciliation of EB

SEGMENTS - Reconciliation of EBITDA Defined by Segment to Consolidated Income from Continuing Operations Before Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	$ 565	$ 474
Interest expense, net	264	267
Non-cash stock compensation expense	37	49
Income from continuing operations before income taxes	193	53
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	568	496
Operating Segments \| Power & Control
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	328	304
Operating Segments \| Airframe [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	226	177
Operating Segments \| Non-Aviation Related Business [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	14	15
Corporate, Non-Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	3	22
Segment Reconciling Items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Depreciation and amortization expense	65	58
Interest expense, net	(264)	(267)
Acquisition and divestiture-related costs	5	4
Non-cash stock compensation expense	37	49
COVID-19 pandemic restructuring costs	0	21
Other, net	$ 1	$ 22

SEGMENTS - Schedule of Total As

SEGMENTS - Schedule of Total Assets by Segment (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 19,242	$ 19,315
Operating Segments \| Power & Control
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	6,870	6,980
Operating Segments \| Airframe [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	7,459	7,472
Operating Segments \| Non-Aviation Related Business [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	223	229
Corporate, Non-Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 4,690	$ 4,634

RETIREMENT PLANS - Components o

RETIREMENT PLANS - Components of Net Periodic Pension (Benefit) Cost (Both US and Non-US Plans) (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Pension Plan [Member] \| UNITED STATES
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Service Cost	$ 0	$ 2
Defined Benefit Plan, Interest Cost	1	2
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(2)	(5)
Defined Benefit Plan, Amortization of Gain (Loss)	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	(1)	(1)
Pension Plan [Member] \| Foreign Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Service Cost	1	1
Defined Benefit Plan, Interest Cost	1	1
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(1)	(2)
Defined Benefit Plan, Amortization of Gain (Loss)	0	1
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	1	$ 1
Other Postretirement Benefits Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 1

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS - Schedule of Accumulated Other Comprehensive Loss, Net of Taxes (Details) - USD ($) $ in Millions		3 Months Ended
		Jan. 01, 2022	Jan. 02, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period		$ (248)	$ (401)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax, Parent		58	13
Balance at end of period		(200)	(277)
Other Comprehensive Income (Loss), Net of Tax		48	124
Unrealized gains on derivatives designated and qualifying as cash flow hedges (1)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	[1]	(229)	(302)
Balance at end of period	[1]	(171)	(289)
Defined benefit pension plan activity (2)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	[2]	(18)	(8)
Balance at end of period	[2]	(18)	(8)
Foreign currency translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period		(1)	(91)
Balance at end of period		(11)	20
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax, Parent	[1]	58	13
Foreign currency translation (loss) gain		(10)	111
Unrealized gain on derivatives, net of tax	[2]	$ 0	$ 0

[1]	Represents unrealized gains on derivatives designated and qualifying as cash flow hedges, net of tax benefits of $17.8 million and $5.0 million for the thirteen week periods ended January 1, 2022 and January 2, 2021, respectively.
[2]	There were no material pension liability adjustments, net of taxes, for the thirteen week periods ended January 1, 2022 and January 2, 2021.

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE LOSS - Schedule of Amounts Recognized in Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	$ (17.8)	$ (5)

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Lessee, Lease, Description [Line Items]
Lease, Cost	$ 11	$ 9
Operating Expense [Member]
Leases [Abstract]
Operating Lease, Cost	8	7
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	8	7
Cost of Sales [Member]
Leases [Abstract]
Finance Lease, Right-of-Use Asset, Amortization	1	1
Lessee, Lease, Description [Line Items]
Finance Lease, Right-of-Use Asset, Amortization	1	1
Interest Expense [Member]
Leases [Abstract]
Finance Lease, Interest Expense	2	1
Lessee, Lease, Description [Line Items]
Finance Lease, Interest Expense	$ 2	$ 1

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information Related To Leases (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 01, 2022	Jan. 02, 2021
Leases [Abstract]
Operating Lease, Payments	$ 7	$ 7
Finance Lease, Interest Payment on Liability	2	1
Finance Lease, Principal Payments	1	0
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	2	4
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 25	$ 19

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information Related to Leases, Including the Remaining Lease Term and Weighted Average Discount Rates (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021
Leases [Abstract]
Operating Lease, Liability	$ 93	$ 99
Finance Lease, Liability	$ 128	100
Operating Lease, Weighted Average Remaining Lease Term	6 years 4 months 24 days
Finance Lease, Weighted Average Remaining Lease Term	21 years 6 months
Operating Lease, Weighted Average Discount Rate, Percent	5.10%
Finance Lease, Weighted Average Discount Rate, Percent	7.20%
Other Assets
Leases [Abstract]
Operating Lease, Right-of-Use Asset	$ 89	94
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset	89	94
Accrued Liabilities
Leases [Abstract]
Operating Lease, Liability, Current	19	20
Finance Lease, Liability, Current	2	2
Lessee, Lease, Description [Line Items]
Operating Lease, Liability, Current	19	20
Finance Lease, Liability, Current	2	2
Other Noncurrent Liabilities
Leases [Abstract]
Operating Lease, Liability, Noncurrent	74	79
Finance Lease, Liability, Noncurrent	126	98
Lessee, Lease, Description [Line Items]
Operating Lease, Liability, Noncurrent	74	79
Finance Lease, Liability, Noncurrent	126	98
Property, Plant and Equipment [Member]
Leases [Abstract]
Finance Lease, Right-of-Use Asset	129	104
Lessee, Lease, Description [Line Items]
Finance Lease, Right-of-Use Asset	$ 129	$ 104

LEASES - Maturities Schedule of

LEASES - Maturities Schedule of Operating and Financing Leases (Details) - USD ($) $ in Millions	Jan. 01, 2022	Sep. 30, 2021
Leases [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 18
Capital Leases, Future Minimum Payments Due, Next Twelve Months	9
Finance Lease, Liability, to be Paid, Year One	11
Lessee, Operating Lease, Liability, to be Paid, Year One	19
Operating Leases, Future Minimum Payments, Due in Two Years	16
Capital Leases, Future Minimum Payments Due in Two Years	12
Operating Leases, Future Minimum Payments, Due in Three Years	13
Capital Leases, Future Minimum Payments Due in Three Years	12
Operating Leases, Future Minimum Payments, Due Thereafter	43
Capital Leases, Future Minimum Payments Due Thereafter	212
Operating Leases, Future Minimum Payments Due	119
Capital Leases, Future Minimum Payments Due	268
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	26
Capital Leases, Future Minimum Payments, Interest Included in Payments	140
Operating Lease, Liability	93	$ 99
Finance Lease Obligations	128	$ 100
Lessee, Lease, Description [Line Items]
Operating Leases, Future Minimum Payments, Due in Four Years	10
Capital Leases, Future Minimum Payments Due in Four Years	$ 12

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narratives (Details) $ in Millions	Jan. 01, 2022USD ($)
Commitments and Contingencies Disclosure [Abstract]
Recommended Voluntary Refund	$ 20.8