TransDigm (TDG) 10-Q7 Feb 232023 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Dec. 31, 2022	Jan. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 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		54,598,064
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001260221
Current Fiscal Year End Date	--09-30

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 3,288	$ 3,001
Trade accounts receivable—Net	860	967
Inventories—Net	1,439	1,332
Prepaid expenses and other	342	349
Total current assets	5,929	5,649
PROPERTY, PLANT AND EQUIPMENT—NET	864	807
GOODWILL	8,719	8,641
OTHER INTANGIBLE ASSETS—NET	2,750	2,750
OTHER NON-CURRENT ASSETS	227	260
TOTAL ASSETS	18,489	18,107
CURRENT LIABILITIES:
Current portion of long-term debt	78	76
Short-term borrowings—trade receivable securitization facility	350	350
Accounts payable	271	279
Accrued and other current liabilities	709	721
Total current liabilities	1,408	1,426
LONG-TERM DEBT	19,375	19,369
DEFERRED INCOME TAXES	607	596
OTHER NON-CURRENT LIABILITIES	427	482
Total liabilities	21,817	21,873
TD GROUP STOCKHOLDERS’ DEFICIT:
Common stock - $.01 par value; authorized 224,400,000 shares; issued 60,171,175 and 60,049,685 at December 31, 2022 and September 30, 2022, respectively	1	1
Additional paid-in capital	2,164	2,113
Accumulated deficit	(3,687)	(3,914)
Accumulated other comprehensive loss	(108)	(267)
Treasury stock, at cost; 5,688,639 shares at December 31, 2022 and September 30, 2022, respectively	1,706	1,706
Total TD Group stockholders’ deficit	(3,336)	(3,773)
NONCONTROLLING INTERESTS	8	7
Total stockholders’ deficit	(3,328)	(3,766)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 18,489	$ 18,107

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICAL - $ / shares	Dec. 31, 2022	Sep. 30, 2022
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	224,400,000	224,400,000
Common stock, shares issued (in shares)	60,171,175	60,049,685
Treasury stock, shares outstanding (in shares)	5,688,639	5,688,639

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Income Statement [Abstract]
NET SALES	$ 1,397	$ 1,194
COST OF SALES	604	533
GROSS PROFIT	793	661
SELLING AND ADMINISTRATIVE EXPENSES	169	170
AMORTIZATION OF INTANGIBLE ASSETS	34	36
INCOME FROM OPERATIONS	590	455
INTEREST EXPENSE—NET	286	264
REFINANCING COSTS	4	0
OTHER INCOME	(1)	(2)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	301	193
INCOME TAX PROVISION	72	30
INCOME FROM CONTINUING OPERATIONS	229	163
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	0	1
NET INCOME	229	164
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	(1)	(1)
NET INCOME ATTRIBUTABLE TO TD GROUP	228	163
NET INCOME APPLICABLE TO TD GROUP COMMON STOCKHOLDERS	$ 190	$ 117
Earnings per share attributable to TD Group common stockholders
Earnings per share from continuing operations - basic (in usd per share)	$ 3.33	$ 1.96
Earnings per share from continuing operations - diluted (in usd per share)	3.33	1.96
Earnings per share from discontinued operations - basic (in usd per share)	0	0.02
Earnings per share from discontinued operations - diluted (in usd per share)	0	0.02
Earnings per share - basic (in usd per share)	3.33	1.98
Earnings per share - diluted (in usd per share)	$ 3.33	$ 1.98
Weighted-average shares outstanding:
Weighted-average shares outstanding - basic (in shares)	57.1	59.2
Weighted-average shares outstanding - diluted (in shares)	57.1	59.2

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 229	$ 164
Less: Net income attributable to noncontrolling interests	(1)	(1)
NET INCOME ATTRIBUTABLE TO TD GROUP	228	163
Other comprehensive income, net of tax:
Foreign currency translation adjustment	137	(10)
Unrealized gain on derivatives	22	58
Pension and postretirement benefit plans adjustment	0	0
Other comprehensive income, net of tax, attributable to TD Group	159	48
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	$ 387	$ 211

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($) $ in Millions		Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock	Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
NONCONTROLLING INTERESTS								$ 6
Total stockholders’ deficit		$ (2,910)
BALANCE (in shares) at Sep. 30, 2021			59,403,100
BALANCE at Sep. 30, 2021			$ 1	$ 1,830	$ (3,705)	$ (248)	$ (794)
BALANCE (in shares) at Sep. 30, 2021							(4,198,226)
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
Net income attributable to TD Group	[1]					(10)
Foreign currency translation adjustment		(10)
Unrealized gain on derivatives, net of tax	[2]					58
Unrealized gain on derivatives		58
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	[3]					0
Pension and postretirement benefit plans adjustment		0
BALANCE (in shares) at Jan. 01, 2022			59,618,917
BALANCE at Jan. 01, 2022			$ 1	1,905	(3,545)	(200)	$ (794)
BALANCE (in shares) at Jan. 01, 2022							(4,198,226)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
NONCONTROLLING INTERESTS								7
Total stockholders’ deficit		(2,626)
NONCONTROLLING INTERESTS		7						7
Total stockholders’ deficit		$ (3,766)
BALANCE (in shares) at Sep. 30, 2022		60,049,685	60,049,685
BALANCE at Sep. 30, 2022		$ (3,773)	$ 1	2,113	(3,914)	(267)	$ (1,706)
BALANCE (in shares) at Sep. 30, 2022		(5,688,639)					(5,688,639)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Changes in noncontrolling interest of consolidated subsidiaries, net		$ 1						1
Accrued unvested dividend equivalents and other		(1)			(1)
Compensation expense recognized for employee stock options		24		24
Exercise of employee stock options			121,490
Exercise of employee stock options		27		27
NET INCOME ATTRIBUTABLE TO TD GROUP		228			228
Net income attributable to TD Group	[1]					137
Foreign currency translation adjustment		137
Unrealized gain on derivatives, net of tax	[2]					22
Unrealized gain on derivatives		22
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	[3]					0
Pension and postretirement benefit plans adjustment		$ 0
BALANCE (in shares) at Dec. 31, 2022		60,171,175	60,171,175
BALANCE at Dec. 31, 2022		$ (3,336)	$ 1	$ 2,164	$ (3,687)	$ (108)	$ (1,706)
BALANCE (in shares) at Dec. 31, 2022		(5,688,639)					(5,688,639)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
NONCONTROLLING INTERESTS		$ 8						$ 8
Total stockholders’ deficit		$ (3,328)

[1]Represents gains (losses) resulting from foreign currency translation of financial statements, including gains (losses) from certain intercompany transactions, into U.S. dollars at the rates of exchange in effect at the balance sheet dates.[2]Represents unrealized gains (losses) on derivatives designated and qualifying as cash flow hedges, net of taxes, of $6.6 million and $17.8 million for the thirteen week periods ended December 31, 2022 and January 1, 2022, respectively.[3]There were no material pension liability adjustments, net of taxes, related to activity on the defined pension plan and postretirement benefit plan for the thirteen week periods ended December 31, 2022 and January 1, 2022, respectively.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
OPERATING ACTIVITIES:
NET INCOME	$ 229	$ 164
Income from discontinued operations, net of tax	0	(1)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	29	29
Amortization of intangible assets and product certification costs	34	36
Amortization of debt issuance costs, original issue discount and premium	9	8
Amortization of inventory step-up	2	0
Amortization of loss contract reserves	(12)	(12)
Refinancing costs	4	0
Non-cash stock compensation expense	29	37
Foreign currency exchange losses (gains)	18	(1)
Changes in assets/liabilities, net of effects from acquisitions and sales of businesses:
Trade accounts receivable	121	117
Inventories	(89)	(32)
Income taxes payable (receivable)	77	(6)
Other assets	(2)	(2)
Accounts payable	(13)	(14)
Accrued interest	3	(19)
Accrued and other liabilities	(62)	(25)
Net cash provided by operating activities	377	279
INVESTING ACTIVITIES:
Capital expenditures	(31)	(25)
Acquisition of businesses, net of cash acquired	(10)	0
Net cash used in investing activities	(41)	(25)
FINANCING ACTIVITIES:
Proceeds from exercise of stock options	27	40
Dividend equivalent payments	(38)	(46)
Repayment on revolving credit facility	0	(200)
Proceeds from term loans, net	1,690	0
Repayment on term loans	(1,739)	(19)
Financing costs and other, net	(5)	0
Net cash used in financing activities	(65)	(225)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	16	(3)
NET INCREASE IN CASH AND CASH EQUIVALENTS	287	26
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	3,001	4,787
CASH AND CASH EQUIVALENTS, END OF PERIOD	3,288	4,813
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest, net	272	273
Cash (refunded) paid during the period for income taxes, net	$ (2)	$ 17

DESCRIPTION OF THE BUSINESS

DESCRIPTION OF THE BUSINESS	3 Months Ended
DESCRIPTION OF THE BUSINESS	Dec. 31, 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	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
UNAUDITED INTERIM FINANCIAL INFOMRATION	UNAUDITED INTERIM FINANCIAL INFORMATIONThe 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, 2022 included in TD Group’s Form 10-K filed on November 10, 2022. 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, 2022 condensed consolidated balance sheet was derived from TD Group’s audited financial statements. The results of operations for the thirteen week period ended December 31, 2022 are not necessarily indicative of the results to be expected for the full year. Certain reclassifications have been made to the prior year amounts to conform to the current year presentation, none of which are material.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
ACQUISITIONS	Dec. 31, 2022
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS DART Aerospace – On May 25, 2022, the Company acquired all the outstanding stock of DART Aerospace (“DART”) for a total purchase price of $359 million in cash, which is net of a working capital settlement received in the fourth quarter of fiscal 2022 of approximately $1 million. The acquisition was financed through existing cash on hand. DART operates from four primary facilities (Hawkesbury, Ontario, Canada; Portland, Oregon; Fort Collins, Colorado and Chihuahua, Mexico) and is a leading provider of highly engineered, unique helicopter mission equipment solutions that predominantly service civilian aircraft. The products are primarily proprietary with significant aftermarket content. DART's operating results are included within TransDigm's Airframe segment. The Company accounted for the DART 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 date of the acquisition. The total purchase price of DART was allocated to the underlying assets acquired and liabilities assumed based upon the respective fair value at the date 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. As of December 31, 2022, the measurement period (not to exceed one year) is open; therefore, the assets acquired and liabilities assumed related to the DART acquisition are subject to adjustment until the end of the respective measurement period, including those related to deferred taxes and income taxes. The fair values of acquired intangibles are determined based on estimates and assumptions that are deemed reasonable by the Company. Significant assumptions include the discount rates and certain assumptions that form the basis of the forecasted results of the acquired business including revenue, earnings before interest, taxes, depreciation and amortization (“EBITDA”), growth rates, royalty rates and technology obsolescence rates. 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 thirteen week periods ended December 31, 2022 or January 1, 2022 are not material and, accordingly, are not provided. The allocation of the estimated fair value of assets acquired and liabilities assumed in the DART acquisition as of the May 25, 2022 acquisition date is summarized in the table below (in millions): Preliminary Measurement Period Adjusted Preliminary Allocation Adjustments (2) Allocation Assets acquired (excluding cash): Trade accounts receivable $ 16 $ (1) $ 15 Inventories 33 — 33 Prepaid expenses and other 4 1 5 Property, plant and equipment 9 — 9 Goodwill 236 (34) 202 (1) Other intangible assets 112 36 148 (1) Other non-current assets 8 9 17 Total assets acquired (excluding cash) 418 11 429 Liabilities assumed: Accounts payable 4 — 4 Accrued and other current liabilities 11 3 14 Deferred income taxes 35 1 36 Other non-current liabilities 8 8 16 Total liabilities assumed 58 12 70 Net assets acquired $ 360 $ (1) $ 359 (1) The Company expects that none of the approximately $202 million of goodwill and $148 million of other intangible assets recognized for the acquisition will be deductible for tax purposes. (2) Measurement period adjustments primarily relate to the adjustments in the fair values of the acquired other intangible assets from the third-party valuation. The principal offset was to goodwill. Extant Aerospace Acquisitions – For the fiscal year ended September 30, 2022, the Company's Extant Aerospace subsidiary, which is included in TransDigm’s Power & Control segment, completed a series of acquisitions of substantially all of the assets and technical data rights of certain product lines, each meeting the definition of a business, for a total purchase price of $88 million. The allocation of the purchase prices is preliminary and will likely change in future periods up to the expiration of the respective one year measurement period as fair value estimates of the assets acquired and liabilities assumed are finalized. The Company expects that all of the approximately $60 million of goodwill and all of the approximately $37 million of other intangible assets recognized for the acquisitions will be deductible for tax purposes over 15 years. Pro forma net sales and results of operations for the Extant Aerospace acquisitions had they occurred at the beginning of the thirteen week periods ended December 31, 2022 or January 1, 2022 are not material and, accordingly, are not provided.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Dec. 31, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTSIn 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, and ASU 2022-06, “Reference Rate Reform (ASC 848): Deferral of the Sunset Date.” ASU 2021-01 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. As a result of ASU 2022-06 deferring the sunset date, ASC 848 is effective through December 31, 2024. The Company is evaluating the impact of reference rate reform on our existing Credit Agreement and our interest rate swap and cap agreements. To the extent that, prior to December 31, 2024, the Company enters into any transactions for which the optional practical expedients permissible under ASC 848 are applied, the adoption of this standard is not expected to have a material impact on the Company's condensed consolidated financial statements and disclosures.

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
REVENUE RECOGNITION	Dec. 31, 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 Company's revenue is primarily recorded at a point in time basis. 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 (Deferred revenue) 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): December 31, 2022 September 30, 2022 Contract assets, current (1) $ 137 $ 119 Contract assets, non-current (2) 1 1 Total contract assets 138 120 Contract liabilities, current (3) 59 45 Contract liabilities, non-current (4) 9 9 Total contract liabilities 68 54 Net contract assets $ 70 $ 66 (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. The increase in the Company's total contract assets at December 31, 2022 compared to September 30, 2022 primarily is due to the timing and status of work in process and/or milestones of certain contracts. The increase in the Company's total contract liabilities at December 31, 2022 compared to September 30, 2022 primarily is due to the receipt of advance payments. For the thirteen week period ended December 31, 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. The allowance also incorporates a provision for the estimated impact of disputes with customers. All provisions for allowances for uncollectible accounts are included in selling and administrative expenses. The determination of the amount of the allowance for uncollectible accounts is subject to judgment and estimation by management. If circumstances change or economic conditions deteriorate or improve, the allowance for uncollectible accounts could increase or decrease. As of December 31, 2022 and September 30, 2022, the allowance for uncollectible accounts was $36 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	Dec. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE (TWO-CLASS METHOD)	EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share data) using the two-class method: Thirteen Week Periods Ended December 31, 2022 January 1, 2022 Numerator for earnings per share: Income from continuing operations $ 229 $ 163 Less: Net income attributable to noncontrolling interests (1) (1) Net income from continuing operations attributable to TD Group 228 162 Less: Dividends paid on participating securities (38) (46) Income from discontinued operations, net of tax — 1 Net income applicable to TD Group common stockholders—basic and diluted $ 190 $ 117 Denominator for basic and diluted earnings per share under the two-class method: Weighted-average common shares outstanding 54.4 55.3 Vested options deemed participating securities 2.7 3.9 Total shares for basic and diluted earnings per share 57.1 59.2 Earnings per share from continuing operations—basic and diluted $ 3.33 $ 1.96 Earnings per share from discontinued operations—basic and diluted — 0.02 Earnings per share $ 3.33 $ 1.98

INVENTORIES

INVENTORIES	3 Months Ended
INVENTORIES	Dec. 31, 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): December 31, 2022 September 30, 2022 Raw materials and purchased component parts $ 1,037 $ 959 Work-in-progress 390 359 Finished goods 216 210 Total 1,643 1,528 Reserves for excess and obsolete inventory (204) (196) Inventories—Net $ 1,439 $ 1,332

INTANGIBLE ASSETS

INTANGIBLE ASSETS	3 Months Ended
INTANGIBLE ASSETS	Dec. 31, 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): December 31, 2022 September 30, 2022 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Trademarks & trade names $ 998 $ — $ 998 $ 990 $ — $ 990 Technology 2,075 810 1,265 2,054 780 1,274 Order backlog 7 4 3 7 3 4 Customer relationships 592 113 479 580 104 476 Other 9 4 5 9 3 6 Total $ 3,681 $ 931 $ 2,750 $ 3,640 $ 890 $ 2,750 The aggregate amortization expense on identifiable intangible assets is approximately $34 million and $36 million for the thirteen week periods ended December 31, 2022 and January 1, 2022, respectively. The following is a summary of changes in the carrying value of goodwill by segment from September 30, 2022 through December 31, 2022 (in millions): Power & Control Airframe Non-aviation Total Balance at September 30, 2022 $ 4,155 $ 4,393 $ 93 $ 8,641 Purchase price allocation adjustments (1) 3 — — 3 Currency translation adjustments and other 25 50 — 75 Balance at December 31, 2022 $ 4,183 $ 4,443 $ 93 $ 8,719 (1) Primarily related to opening balance sheet adjustments recorded from the series of acquisitions by the Company's Extant Aerospace subsidiary completed during fiscal year 2022. Refer to Note 3, “Acquisitions,” for further information. The Company performs its annual impairment test for goodwill and other intangible assets as of the first day of the fourth fiscal quarter of each year, or more frequently, if events or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. We assessed the changes in events and circumstances during the first quarter of fiscal 2023 and concluded that no triggering events occurred that would require interim quantitative testing.

DEBT

DEBT	3 Months Ended
DEBT	Dec. 31, 2022
Debt Disclosure [Abstract]
DEBT	DEBT The Company’s debt consists of the following (in millions): December 31, 2022 Gross Amount Debt Issuance Costs Original Issue (Discount) or Premium Net Amount Short-term borrowings—trade receivable securitization facility $ 350 $ — $ — $ 350 Term loans $ 7,284 $ (27) $ (45) $ 7,212 8.00% senior secured notes due 2025 (“2025 Secured Notes”) 1,100 (5) — 1,095 6.375% senior subordinated notes due 2026 (“6.375% 2026 Notes”) 950 (4) — 946 6.875% senior subordinated notes due 2026 (“6.875% 2026 Notes”) 500 (3) (2) 495 6.25% secured notes due 2026 (“2026 Secured Notes”) 4,400 (33) 3 4,370 7.50% senior subordinated notes due 2027 (“7.50% 2027 Notes”) 550 (3) — 547 5.50% senior subordinated notes due 2027 (“5.50% 2027 Notes”) 2,650 (14) — 2,636 4.625% senior subordinated notes due 2029 (“4.625% 2029 Notes”) 1,200 (8) — 1,192 4.875% senior subordinated notes due 2029 (“4.875% 2029 Notes”) 750 (6) — 744 Government refundable advances 23 — — 23 Finance lease obligations 193 — — 193 19,600 (103) (44) 19,453 Less: current portion 79 (1) — 78 Long-term debt $ 19,521 $ (102) $ (44) $ 19,375 September 30, 2022 Gross Amount Debt Issuance Costs Original Issue (Discount) or Premium Net Amount Short-term borrowings—trade receivable securitization facility $ 350 $ — $ — $ 350 Term loans $ 7,298 $ (29) $ (13) $ 7,256 2025 Secured Notes 1,100 (6) — 1,094 6.375% 2026 Notes 950 (4) — 946 6.875% 2026 Notes 500 (3) (2) 495 2026 Secured Notes 4,400 (35) 3 4,368 7.50% 2027 Notes 550 (3) — 547 5.50% 2027 Notes 2,650 (15) — 2,635 4.625% 2029 Notes 1,200 (9) — 1,191 4.875% 2029 Notes 750 (6) — 744 Government refundable advances 23 — — 23 Finance lease obligations 146 — — 146 19,567 (110) (12) 19,445 Less: current portion 77 (1) — 76 Long-term debt $ 19,490 $ (109) $ (12) $ 19,369 Accrued interest, which is classified as a component of accrued and other current liabilities on the condensed consolidated balance sheets, was $173 million and $170 million as of December 31, 2022 and September 30, 2022, respectively. Amendment No. 10 to the Second Amended and Restated Credit Agreement – On December 14, 2022, the Company entered into Amendment No. 10, Loan Modification Agreement and Refinancing Facility Agreement, to the Second Amended and Restated Credit Agreement, dated June 4, 2014 (herein, “Amendment No. 10”). Under the terms of Amendment No. 10, the Company, among other things, repaid in full its existing approximately $1,725 million in Tranche G term loans maturing August 22, 2024 and replaced such loans with approximately $1,725 million in Tranche H term loans maturing February 22, 2027. The applicable margin for the Tranche H term loans bearing interest at Term Secured Overnight Financing Rate (“SOFR”) is 3.25% compared to an applicable margin for the former Tranche G term loans which bore interest at LIBOR plus 2.25%. Original issue discount of 2%, or approximately $34.5 million, was paid to lenders of the Tranche H term loans. The Tranche H term loans were fully drawn on December 14, 2022 and the other terms and conditions that apply to the Tranche H term loans are substantially the same as the terms and conditions that applied to the term loans immediately prior to Amendment No 10. In addition to a discount of $34.5 million recorded in conjunction with the Tranche H term loans, the Company expensed $3.0 million of refinancing costs associated with the refinancing during the thirteen week period ended December 31, 2022. Additionally, the Company wrote off $0.2 million in unamortized debt issuance costs and $0.1 million of original issue discount related to the Tranche G terms loans during the thirteen week period ended December 31, 2022. 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 December 31, 2022 and September 30, 2022, the outstanding balance of these advances was $23 million. 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 $193 million and $146 million at December 31, 2022 and September 30, 2022, respectively. The increase in the current fiscal year is attributable to certain new leases of facilities and amendments to previous agreements qualifying as lease modifications resulting in a change in classification from an operating lease to a finance lease. Refer to Note 15, “Leases,” for further disclosure of the Company's lease obligations.

INCOME TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Dec. 31, 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 December 31, 2022 and January 1, 2022, the effective income tax rate was 23.9% and 15.5%, respectively. The Company’s higher effective tax rate for the thirteen week period ended December 31, 2022 was primarily due to a more significant discrete benefit associated with excess tax benefits applicable to share-based payments for the thirteen week period ended January 1, 2022. The Company’s effective income tax rate for the thirteen week period ended December 31, 2022 was higher than the federal statutory tax rate of 21% primarily due to an increase in the valuation allowance applicable to the Company's net interest deduction limitation carryforward, partially offset by the discrete impact of excess tax benefits associated with share-based payments. 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, and in Germany for fiscal years 2014 through 2017. In addition, the Company is subject to state income tax examinations for fiscal years 2015 and later. Unrecognized tax benefits at December 31, 2022 and September 30, 2022, the recognition of which would have an impact on the effective tax rate for each fiscal year, amounted to $17.0 million and $16.6 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 December 31, 2022 and January 1, 2022. As of December 31, 2022 and September 30, 2022, the Company accrued $4.6 million and $4.5 million, respectively, for the potential payment of interest and penalties. Within the next 12 months, the Company does not anticipate a material increase or decrease in the amount of unrecognized tax benefits.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
FAIR VALUE MEASUREMENTS	Dec. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The 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): December 31, 2022 September 30, 2022 Level Carrying Fair Value Carrying Fair Value Assets: Cash and cash equivalents 1 $ 3,288 $ 3,288 $ 3,001 $ 3,001 Interest rate swap agreements (1) 2 90 90 77 77 Interest rate swap agreements (2) 2 61 61 68 68 Interest rate cap agreements (2) 2 51 51 50 50 Liabilities: Foreign currency forward exchange contracts (3) 2 2 2 11 11 Short-term borrowings - trade receivable securitization facility (4) 2 350 350 350 350 Long-term debt, including current portion: Term loans (4) 2 7,212 7,226 7,256 6,976 2025 Secured Notes (4) 1 1,095 1,121 1,094 1,115 6.375% 2026 Notes (4) 1 946 929 946 884 6.875% 2026 Notes (4) 1 495 486 495 473 2026 Secured Notes (4) 1 4,370 4,334 4,368 4,257 7.50% 2027 Notes (4) 1 547 547 547 524 5.50% 2027 Notes (4) 1 2,636 2,491 2,635 2,286 4.625% 2029 Notes (4) 1 1,192 1,059 1,191 966 4.875% 2029 Notes (4) 1 744 664 744 606 Government refundable advances 2 23 23 23 23 Finance lease obligations 2 193 193 146 146 (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) 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 December 31, 2022 and September 30, 2022.

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	3 Months Ended
DERIVATIVES AND HEDGING ACTIVITIES	Dec. 31, 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 involving LIBOR 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 due to LIBOR movements 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 Conversion of Related Variable Rate Debt subject to LIBOR to $500 6/29/2018 3/31/2025 5.25% (3.0% plus the 2.25% margin percentage) $1,500 6/30/2022 3/31/2025 5.35% (3.1% plus the 2.25% margin percentage) $700 3/31/2023 9/30/2025 3.55% (1.3% plus the 2.25% margin percentage) $1,400 6/30/2021 3/31/2023 5.25% (3.0% plus the 2.25% margin percentage) $900 12/31/2021 6/28/2024 5.35% (3.1% plus the 2.25% margin percentage) $400 9/30/2022 6/28/2024 5.25% (3.0% plus the 2.25% margin percentage) The following table summarizes the Company's interest rate cap agreement: Aggregate Notional Amount (in millions) Start Date End Date Offsets Variable Rate Debt Attributable to Fluctuations Above: $700 3/31/2023 9/30/2025 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): December 31, 2022 September 30, 2022 Asset Liability Asset Liability Interest rate cap agreement $ 51 $ — $ 50 $ — Interest rate swap agreements 151 — 145 — Net derivatives as classified in the condensed consolidated balance sheets (1) $ 202 $ — $ 195 $ — (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 December 31, 2022, the estimated net amount of existing (gains) and losses and caplet amortization expected to be reclassified into interest expense-net within the 12 months is approximately $(89.1) 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 December 31, 2022, the Company has outstanding foreign currency forward exchange contracts to sell U.S. dollars with notional amounts of $129.3 million. The maximum duration of the Company’s foreign currency cash flow hedge contracts at December 31, 2022 is 9 months. These notional values consist of contracts for the Canadian dollar and the 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 December 31, 2022, the losses reclassified on settlements of foreign currency forward exchange contracts designated as cash flow hedges into net sales was approximately $1.9 million. The losses were previously recorded as a component of accumulated other comprehensive loss in stockholders' deficit. As of December 31, 2022, the Company expects to record a net loss of approximately $2.2 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	Dec. 31, 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 or deferred compensation plans, foreign currency gains and losses, acquisition-integration costs, acquisition and divestiture transaction-related expenses, and refinancing costs. 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 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 is allocated to the operating segments. The following table presents net sales by reportable segment (in millions): Thirteen Week Periods Ended December 31, 2022 January 1, 2022 Net sales to external customers Power & Control Commercial and non-aerospace OEM $ 152 $ 135 Commercial and non-aerospace aftermarket 244 203 Defense 329 312 Total Power & Control 725 650 Airframe Commercial and non-aerospace OEM 202 143 Commercial and non-aerospace aftermarket 236 164 Defense 199 199 Total Airframe 637 506 Total Non-aviation 35 38 Net Sales $ 1,397 $ 1,194 The following table reconciles EBITDA As Defined by segment to consolidated income from continuing operations before income taxes (in millions): Thirteen Week Periods Ended December 31, 2022 January 1, 2022 EBITDA As Defined Power & Control $ 401 $ 328 Airframe 312 226 Non-aviation 14 14 Total segment EBITDA As Defined 727 568 Less: Unallocated corporate EBITDA As Defined 28 3 Total Company EBITDA As Defined 699 565 Depreciation and amortization expense 63 65 Interest expense, net 286 264 Acquisition and divestiture transaction-related expenses 3 5 Non-cash stock and deferred compensation expense 35 37 Refinancing costs 4 — Other, net 7 1 Income from continuing operations before income taxes $ 301 $ 193 The following table presents total assets by segment (in millions): December 31, 2022 September 30, 2022 Total assets Power & Control $ 7,081 $ 6,994 Airframe 7,935 7,781 Non-aviation 236 238 Corporate 3,237 3,094 $ 18,489 $ 18,107

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS	Dec. 31, 2022
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents the total changes by component in accumulated other comprehensive loss (“AOCI”), net of taxes, for the thirteen week periods ended December 31, 2022 and January 1, 2022 (in millions): Unrealized gains (losses) on derivatives (1) Pension and postretirement benefit plans adjustment (2) Foreign currency translation adjustment (3) Total Balance at September 30, 2022 $ 123 $ (10) $ (380) $ (267) Net current-period other comprehensive income (loss) 22 — 137 159 Balance at December 31, 2022 $ 145 $ (10) $ (243) $ (108) Balance at September 30, 2021 $ (229) $ (18) $ (1) $ (248) Net current-period other comprehensive income (loss) 58 — (10) 48 Balance at January 1, 2022 $ (171) $ (18) $ (11) $ (200) (1) Represents unrealized gains (losses) on derivatives designated and qualifying as cash flow hedges, net of taxes, of $6.6 million and $17.8 million for the thirteen week periods ended December 31, 2022 and January 1, 2022, respectively. (2) There were no material pension liability adjustments, net of taxes, related to activity on the defined pension plan and postretirement benefit plan for the thirteen week periods ended December 31, 2022 and January 1, 2022, respectively. (3) Represents gains (losses) resulting from foreign currency translation of financial statements, including gains (losses) from certain intercompany transactions, into U.S. dollars at the rates of exchange in effect at the balance sheet dates. Reclassifications out of AOCI for the thirteen week periods ended December 31, 2022 and January 1, 2022 were not material.

LEASES

LEASES	3 Months Ended
LEASES	Dec. 31, 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 December 31, 2022 January 1, 2022 Operating lease cost Cost of sales or selling and administrative expenses $ 5 $ 8 Finance lease cost Amortization of leased assets Cost of sales 2 1 Interest on lease liabilities Interest expense - net 3 2 Total lease cost $ 10 $ 11 Supplemental cash flow information related to leases is as follows (in millions): Thirteen Week Periods Ended December 31, 2022 January 1, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 5 $ 7 Operating cash outflows from finance leases 3 2 Financing cash outflows from finance leases 1 1 Lease assets obtained in exchange for new lease obligations: Operating leases $ — $ 2 Financing leases 48 25 Supplemental balance sheet information related to leases is as follows (in millions): Classification December 31, 2022 September 30, 2022 Operating Leases Operating lease right-of-use assets Other non-current assets $ 60 $ 85 Current operating lease liabilities Accrued and other current liabilities 15 18 Long-term operating lease liabilities Other non-current liabilities 48 71 Total operating lease liabilities $ 63 $ 89 Finance Leases Finance lease right-of-use assets, net Property, plant and equipment - net $ 182 $ 137 Current finance lease liabilities Current portion of long-term debt 4 2 Long-term finance lease liabilities Long-term debt 189 144 Total finance lease liabilities $ 193 $ 146 As of December 31, 2022, the Company has the following remaining lease term and weighted average discount rates: Weighted-average remaining lease term Operating leases 5.4 years Finance leases 21.0 years Weighted-average discount rate Operating leases 6.0% Finance leases 7.2% Maturities of lease liabilities at December 31, 2022 are as follows (in millions): Operating Leases Finance Leases 2023 $ 14 $ 11 2024 16 16 2025 14 17 2026 10 17 2027 8 17 Thereafter 13 311 Total future minimum lease payments 75 389 Less: imputed interest 12 196 Present value of lease liabilities reported $ 63 $ 193
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 December 31, 2022 January 1, 2022 Operating lease cost Cost of sales or selling and administrative expenses $ 5 $ 8 Finance lease cost Amortization of leased assets Cost of sales 2 1 Interest on lease liabilities Interest expense - net 3 2 Total lease cost $ 10 $ 11 Supplemental cash flow information related to leases is as follows (in millions): Thirteen Week Periods Ended December 31, 2022 January 1, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 5 $ 7 Operating cash outflows from finance leases 3 2 Financing cash outflows from finance leases 1 1 Lease assets obtained in exchange for new lease obligations: Operating leases $ — $ 2 Financing leases 48 25 Supplemental balance sheet information related to leases is as follows (in millions): Classification December 31, 2022 September 30, 2022 Operating Leases Operating lease right-of-use assets Other non-current assets $ 60 $ 85 Current operating lease liabilities Accrued and other current liabilities 15 18 Long-term operating lease liabilities Other non-current liabilities 48 71 Total operating lease liabilities $ 63 $ 89 Finance Leases Finance lease right-of-use assets, net Property, plant and equipment - net $ 182 $ 137 Current finance lease liabilities Current portion of long-term debt 4 2 Long-term finance lease liabilities Long-term debt 189 144 Total finance lease liabilities $ 193 $ 146 As of December 31, 2022, the Company has the following remaining lease term and weighted average discount rates: Weighted-average remaining lease term Operating leases 5.4 years Finance leases 21.0 years Weighted-average discount rate Operating leases 6.0% Finance leases 7.2% Maturities of lease liabilities at December 31, 2022 are as follows (in millions): Operating Leases Finance Leases 2023 $ 14 $ 11 2024 16 16 2025 14 17 2026 10 17 2027 8 17 Thereafter 13 311 Total future minimum lease payments 75 389 Less: imputed interest 12 196 Present value of lease liabilities reported $ 63 $ 193

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	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. Litigation Claims – On November 1, 2021, a purported stockholder of the Company filed a derivative complaint, captioned Sciabacucchi v Howley, et al. C.A. No. 2021-0938-LWW (the “Derivative Action”), in the Delaware Court of Chancery (the “Court”). The complaint, which names certain directors of the Company (the “Director Defendants”) as defendants, alleges that the Director Defendants awarded and received excessive compensation. The Director Defendants have denied, and continue to deny, any and all allegations of wrongdoing or liability asserted in the Derivative Action. Nonetheless, solely to eliminate the uncertainty, distraction, disruption, burden, risk and expense of further litigation, the Company and the Director Defendants entered into a Stipulation and Agreement of Compromise, Settlement and Release (the “Stipulation”) with the plaintiff on August 19, 2022. Pursuant to the terms of the Stipulation, the Director Defendants have agreed to implement and maintain certain changes to the Company’s compensation policies and practices such as to the extent dividend equivalent payments are declared payable to any Company director, those DEPs will not be paid in cash, but instead will be paid via a reduction to the strike price of options that are issued to that director. Other corporate governance enhancements were also agreed to by th e Company. The Company is also responsible for the payment of plaintiff’s attorneys’ fees. The proposed settlement as set forth in the Stipulation, other than the amount of the attorneys’ fees, was approved by the Court on November 10, 2022. The settlement (i) fully resolves the Derivative Action by dismissing all asserted claims with prejudice and (ii) releases all claims related to the allegations in the Derivative Action. The settlement is not expected to have a material adverse impact on the Company’s financial statements. DOD OIG Audit – TransDigm’s subs idiaries 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 were too high. No loss contingency related to the voluntary refund request has been recorded as of December 31, 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 (Tables)

ACQUISITIONS (Tables)	Jan. 05, 2021
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The allocation of the estimated fair value of assets acquired and liabilities assumed in the DART acquisition as of the May 25, 2022 acquisition date is summarized in the table below (in millions): Preliminary Measurement Period Adjusted Preliminary Allocation Adjustments (2) Allocation Assets acquired (excluding cash): Trade accounts receivable $ 16 $ (1) $ 15 Inventories 33 — 33 Prepaid expenses and other 4 1 5 Property, plant and equipment 9 — 9 Goodwill 236 (34) 202 (1) Other intangible assets 112 36 148 (1) Other non-current assets 8 9 17 Total assets acquired (excluding cash) 418 11 429 Liabilities assumed: Accounts payable 4 — 4 Accrued and other current liabilities 11 3 14 Deferred income taxes 35 1 36 Other non-current liabilities 8 8 16 Total liabilities assumed 58 12 70 Net assets acquired $ 360 $ (1) $ 359 (1) The Company expects that none of the approximately $202 million of goodwill and $148 million of other intangible assets recognized for the acquisition will be deductible for tax purposes. (2) Measurement period adjustments primarily relate to the adjustments in the fair values of the acquired other intangible assets from the third-party valuation. The principal offset was to goodwill.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
REVENUE RECOGNITION (Tables)	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset and Liability [Table Text Block]	The following table summarizes our contract assets and liabilities balances (in millions): December 31, 2022 September 30, 2022 Contract assets, current (1) $ 137 $ 119 Contract assets, non-current (2) 1 1 Total contract assets 138 120 Contract liabilities, current (3) 59 45 Contract liabilities, non-current (4) 9 9 Total contract liabilities 68 54 Net contract assets $ 70 $ 66 (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.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Dec. 31, 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 per share (in millions, except per share data) using the two-class method: Thirteen Week Periods Ended December 31, 2022 January 1, 2022 Numerator for earnings per share: Income from continuing operations $ 229 $ 163 Less: Net income attributable to noncontrolling interests (1) (1) Net income from continuing operations attributable to TD Group 228 162 Less: Dividends paid on participating securities (38) (46) Income from discontinued operations, net of tax — 1 Net income applicable to TD Group common stockholders—basic and diluted $ 190 $ 117 Denominator for basic and diluted earnings per share under the two-class method: Weighted-average common shares outstanding 54.4 55.3 Vested options deemed participating securities 2.7 3.9 Total shares for basic and diluted earnings per share 57.1 59.2 Earnings per share from continuing operations—basic and diluted $ 3.33 $ 1.96 Earnings per share from discontinued operations—basic and diluted — 0.02 Earnings per share $ 3.33 $ 1.98

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
INVENTORIES (Tables)	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories consist of the following (in millions): December 31, 2022 September 30, 2022 Raw materials and purchased component parts $ 1,037 $ 959 Work-in-progress 390 359 Finished goods 216 210 Total 1,643 1,528 Reserves for excess and obsolete inventory (204) (196) Inventories—Net $ 1,439 $ 1,332

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	3 Months Ended
INTANGIBLE ASSETS (Tables)	Dec. 31, 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): December 31, 2022 September 30, 2022 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Trademarks & trade names $ 998 $ — $ 998 $ 990 $ — $ 990 Technology 2,075 810 1,265 2,054 780 1,274 Order backlog 7 4 3 7 3 4 Customer relationships 592 113 479 580 104 476 Other 9 4 5 9 3 6 Total $ 3,681 $ 931 $ 2,750 $ 3,640 $ 890 $ 2,750
Summary of Changes in Carrying Value of Goodwill	The following is a summary of changes in the carrying value of goodwill by segment from September 30, 2022 through December 31, 2022 (in millions): Power & Control Airframe Non-aviation Total Balance at September 30, 2022 $ 4,155 $ 4,393 $ 93 $ 8,641 Purchase price allocation adjustments (1) 3 — — 3 Currency translation adjustments and other 25 50 — 75 Balance at December 31, 2022 $ 4,183 $ 4,443 $ 93 $ 8,719

DEBT (Tables)

DEBT (Tables)	3 Months Ended
DEBT (Tables)	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s debt consists of the following (in millions): December 31, 2022 Gross Amount Debt Issuance Costs Original Issue (Discount) or Premium Net Amount Short-term borrowings—trade receivable securitization facility $ 350 $ — $ — $ 350 Term loans $ 7,284 $ (27) $ (45) $ 7,212 8.00% senior secured notes due 2025 (“2025 Secured Notes”) 1,100 (5) — 1,095 6.375% senior subordinated notes due 2026 (“6.375% 2026 Notes”) 950 (4) — 946 6.875% senior subordinated notes due 2026 (“6.875% 2026 Notes”) 500 (3) (2) 495 6.25% secured notes due 2026 (“2026 Secured Notes”) 4,400 (33) 3 4,370 7.50% senior subordinated notes due 2027 (“7.50% 2027 Notes”) 550 (3) — 547 5.50% senior subordinated notes due 2027 (“5.50% 2027 Notes”) 2,650 (14) — 2,636 4.625% senior subordinated notes due 2029 (“4.625% 2029 Notes”) 1,200 (8) — 1,192 4.875% senior subordinated notes due 2029 (“4.875% 2029 Notes”) 750 (6) — 744 Government refundable advances 23 — — 23 Finance lease obligations 193 — — 193 19,600 (103) (44) 19,453 Less: current portion 79 (1) — 78 Long-term debt $ 19,521 $ (102) $ (44) $ 19,375 September 30, 2022 Gross Amount Debt Issuance Costs Original Issue (Discount) or Premium Net Amount Short-term borrowings—trade receivable securitization facility $ 350 $ — $ — $ 350 Term loans $ 7,298 $ (29) $ (13) $ 7,256 2025 Secured Notes 1,100 (6) — 1,094 6.375% 2026 Notes 950 (4) — 946 6.875% 2026 Notes 500 (3) (2) 495 2026 Secured Notes 4,400 (35) 3 4,368 7.50% 2027 Notes 550 (3) — 547 5.50% 2027 Notes 2,650 (15) — 2,635 4.625% 2029 Notes 1,200 (9) — 1,191 4.875% 2029 Notes 750 (6) — 744 Government refundable advances 23 — — 23 Finance lease obligations 146 — — 146 19,567 (110) (12) 19,445 Less: current portion 77 (1) — 76 Long-term debt $ 19,490 $ (109) $ (12) $ 19,369

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Carrying Amounts and Fair Values of Financial Instruments	December 31, 2022 September 30, 2022 Level Carrying Fair Value Carrying Fair Value Assets: Cash and cash equivalents 1 $ 3,288 $ 3,288 $ 3,001 $ 3,001 Interest rate swap agreements (1) 2 90 90 77 77 Interest rate swap agreements (2) 2 61 61 68 68 Interest rate cap agreements (2) 2 51 51 50 50 Liabilities: Foreign currency forward exchange contracts (3) 2 2 2 11 11 Short-term borrowings - trade receivable securitization facility (4) 2 350 350 350 350 Long-term debt, including current portion: Term loans (4) 2 7,212 7,226 7,256 6,976 2025 Secured Notes (4) 1 1,095 1,121 1,094 1,115 6.375% 2026 Notes (4) 1 946 929 946 884 6.875% 2026 Notes (4) 1 495 486 495 473 2026 Secured Notes (4) 1 4,370 4,334 4,368 4,257 7.50% 2027 Notes (4) 1 547 547 547 524 5.50% 2027 Notes (4) 1 2,636 2,491 2,635 2,286 4.625% 2029 Notes (4) 1 1,192 1,059 1,191 966 4.875% 2029 Notes (4) 1 744 664 744 606 Government refundable advances 2 23 23 23 23 Finance lease obligations 2 193 193 146 146 (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) 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)	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The following table summarizes the Company's interest rate swap agreements: Aggregate Notional Amount (in millions) Start Date End Date Conversion of Related Variable Rate Debt subject to LIBOR to $500 6/29/2018 3/31/2025 5.25% (3.0% plus the 2.25% margin percentage) $1,500 6/30/2022 3/31/2025 5.35% (3.1% plus the 2.25% margin percentage) $700 3/31/2023 9/30/2025 3.55% (1.3% plus the 2.25% margin percentage) $1,400 6/30/2021 3/31/2023 5.25% (3.0% plus the 2.25% margin percentage) $900 12/31/2021 6/28/2024 5.35% (3.1% plus the 2.25% margin percentage) $400 9/30/2022 6/28/2024 5.25% (3.0% plus the 2.25% margin percentage) The following table summarizes the Company's interest rate cap agreement: Aggregate Notional Amount (in millions) Start Date End Date Offsets Variable Rate Debt Attributable to Fluctuations Above: $700 3/31/2023 9/30/2025 Three-month LIBOR rate of 1.25%
Schedule of Interest Rate Derivatives	December 31, 2022 September 30, 2022 Asset Liability Asset Liability Interest rate cap agreement $ 51 $ — $ 50 $ — Interest rate swap agreements 151 — 145 — Net derivatives as classified in the condensed consolidated balance sheets (1) $ 202 $ — $ 195 $ —

SEGMENTS (Tables)

SEGMENTS (Tables)	3 Months Ended
SEGMENTS (Tables)	Dec. 31, 2022
Segment Reporting [Abstract]
Net Sales by Reportable Segments	The following table presents net sales by reportable segment (in millions): Thirteen Week Periods Ended December 31, 2022 January 1, 2022 Net sales to external customers Power & Control Commercial and non-aerospace OEM $ 152 $ 135 Commercial and non-aerospace aftermarket 244 203 Defense 329 312 Total Power & Control 725 650 Airframe Commercial and non-aerospace OEM 202 143 Commercial and non-aerospace aftermarket 236 164 Defense 199 199 Total Airframe 637 506 Total Non-aviation 35 38 Net Sales $ 1,397 $ 1,194
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 December 31, 2022 January 1, 2022 EBITDA As Defined Power & Control $ 401 $ 328 Airframe 312 226 Non-aviation 14 14 Total segment EBITDA As Defined 727 568 Less: Unallocated corporate EBITDA As Defined 28 3 Total Company EBITDA As Defined 699 565 Depreciation and amortization expense 63 65 Interest expense, net 286 264 Acquisition and divestiture transaction-related expenses 3 5 Non-cash stock and deferred compensation expense 35 37 Refinancing costs 4 — Other, net 7 1 Income from continuing operations before income taxes $ 301 $ 193
Total Assets by Segment	The following table presents total assets by segment (in millions): December 31, 2022 September 30, 2022 Total assets Power & Control $ 7,081 $ 6,994 Airframe 7,935 7,781 Non-aviation 236 238 Corporate 3,237 3,094 $ 18,489 $ 18,107

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	Dec. 31, 2022
Equity [Abstract]
Schedule of Reclassifications out of Accumulated Other Comprehensive Loss	The following table presents the total changes by component in accumulated other comprehensive loss (“AOCI”), net of taxes, for the thirteen week periods ended December 31, 2022 and January 1, 2022 (in millions): Unrealized gains (losses) on derivatives (1) Pension and postretirement benefit plans adjustment (2) Foreign currency translation adjustment (3) Total Balance at September 30, 2022 $ 123 $ (10) $ (380) $ (267) Net current-period other comprehensive income (loss) 22 — 137 159 Balance at December 31, 2022 $ 145 $ (10) $ (243) $ (108) Balance at September 30, 2021 $ (229) $ (18) $ (1) $ (248) Net current-period other comprehensive income (loss) 58 — (10) 48 Balance at January 1, 2022 $ (171) $ (18) $ (11) $ (200) (1) Represents unrealized gains (losses) on derivatives designated and qualifying as cash flow hedges, net of taxes, of $6.6 million and $17.8 million for the thirteen week periods ended December 31, 2022 and January 1, 2022, respectively. (2) There were no material pension liability adjustments, net of taxes, related to activity on the defined pension plan and postretirement benefit plan for the thirteen week periods ended December 31, 2022 and January 1, 2022, respectively.

LEASES (Tables)

LEASES (Tables)	3 Months Ended
LEASES (Tables)	Dec. 31, 2022
Leases [Abstract]
Lease, Cost	The components of lease expense are as follows (in millions): Thirteen Week Periods Ended Classification December 31, 2022 January 1, 2022 Operating lease cost Cost of sales or selling and administrative expenses $ 5 $ 8 Finance lease cost Amortization of leased assets Cost of sales 2 1 Interest on lease liabilities Interest expense - net 3 2 Total lease cost $ 10 $ 11
Schedule of Cash Flow, Supplemental Disclosures	Supplemental cash flow information related to leases is as follows (in millions): Thirteen Week Periods Ended December 31, 2022 January 1, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 5 $ 7 Operating cash outflows from finance leases 3 2 Financing cash outflows from finance leases 1 1 Lease assets obtained in exchange for new lease obligations: Operating leases $ — $ 2 Financing leases 48 25
Leases, Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases is as follows (in millions): Classification December 31, 2022 September 30, 2022 Operating Leases Operating lease right-of-use assets Other non-current assets $ 60 $ 85 Current operating lease liabilities Accrued and other current liabilities 15 18 Long-term operating lease liabilities Other non-current liabilities 48 71 Total operating lease liabilities $ 63 $ 89 Finance Leases Finance lease right-of-use assets, net Property, plant and equipment - net $ 182 $ 137 Current finance lease liabilities Current portion of long-term debt 4 2 Long-term finance lease liabilities Long-term debt 189 144 Total finance lease liabilities $ 193 $ 146 As of December 31, 2022, the Company has the following remaining lease term and weighted average discount rates: Weighted-average remaining lease term Operating leases 5.4 years Finance leases 21.0 years Weighted-average discount rate Operating leases 6.0% Finance leases 7.2%
Lessee, Operating Lease, Liability, Maturity	Maturities of lease liabilities at December 31, 2022 are as follows (in millions): Operating Leases Finance Leases 2023 $ 14 $ 11 2024 16 16 2025 14 17 2026 10 17 2027 8 17 Thereafter 13 311 Total future minimum lease payments 75 389 Less: imputed interest 12 196 Present value of lease liabilities reported $ 63 $ 193
Finance Lease, Liability, Maturity	Maturities of lease liabilities at December 31, 2022 are as follows (in millions): Operating Leases Finance Leases 2023 $ 14 $ 11 2024 16 16 2025 14 17 2026 10 17 2027 8 17 Thereafter 13 311 Total future minimum lease payments 75 389 Less: imputed interest 12 196 Present value of lease liabilities reported $ 63 $ 193

DESCRIPTION OF THE BUSINESS - N

DESCRIPTION OF THE BUSINESS - Narratives (Details)	Dec. 31, 2022
Accounting Policies [Abstract]
Ownership Percentage by Parent	100%

ACQUISITIONS - DART Aerospace (

ACQUISITIONS - DART Aerospace (Details) - USD ($) $ in Millions			3 Months Ended			7 Months Ended
		May 25, 2022	Dec. 31, 2022		Jan. 01, 2022	Dec. 31, 2022		Sep. 30, 2022
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			$ 10		$ 0
Assets acquired (excluding cash):
GOODWILL			8,719			$ 8,719		$ 8,641
Goodwill, Purchase Accounting Adjustments	[1]		3
DART Aerospace
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 359
Working Capital Settlement Received								$ 1
Assets acquired (excluding cash):
Trade accounts receivable		16	15			15
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentCurrentAssets,Receivable	[2]					(1)
Inventories		33	33			33
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory	[2]					0
Prepaid expenses and other		4	5			5
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Current Assets, Prepaid Expenses and Other	[2]					1
Property, plant and equipment		9	9			9
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Property, Plant, and Equipment	[2]					0
GOODWILL		236	202	[3]		202	[3]
Goodwill, Purchase Accounting Adjustments	[2]					(34)
Other intangible assets		112	148	[3]		148	[3]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles	[2]					36
Other non-current assets		8	17			17
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Other Assets	[2]					9
Total assets acquired (excluding cash)		418	429			429
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Total Assets Acquired	[2]					11
Liabilities assumed:
Accounts payable		4	4			4
Business Combination Provisional Information Initial Accounting Incomplete Adjustment accounts payable	[2]					0
Accrued and other current liabilities		11	14			14
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Accrued and Other Current Liabilities	[2]					3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities		35	36			36
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Accounts Payable	[2]					1
Other non-current liabilities		8	16			16
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Other Non-Current Liabilities	[2]					8
Total liabilities assumed		58	70			70
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Total Liabilities Assumed	[2]					12
Net assets acquired		$ 360	$ 359			359
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Net Assets Acquired	[2]					$ (1)

[1]Primarily related to opening balance sheet adjustments recorded from the series of acquisitions by the Company's Extant Aerospace subsidiary completed during fiscal year 2022. Refer to Note 3, “Acquisitions,” for further information.[2]Measurement period adjustments primarily relate to the adjustments in the fair values of the acquired other intangible assets from the third-party valuation. The principal offset was to goodwill.[3]The Company expects that none of the approximately $202 million of goodwill and $148 million of other intangible assets recognized for the acquisition will be deductible for tax purposes.

ACQUISITIONS - Extant Aerospace

ACQUISITIONS - Extant Aerospace Acquisitions (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022	Sep. 30, 2022
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 10	$ 0
GOODWILL	$ 8,719		$ 8,641
Minimum
Business Acquisition [Line Items]
Air Transportation Equipment Estimated Useful Life	25 years
Maximum
Business Acquisition [Line Items]
Air Transportation Equipment Estimated Useful Life	30 years
Extant Aerospace
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 88
GOODWILL	60
Other intangible assets	$ 37
Tax benefit recognition period (in years)	15 years

REVENUE RECOGNITION - Contract

REVENUE RECOGNITION - Contract Assets and Liabilities (Details) - USD ($) $ in Millions		Dec. 31, 2022	Sep. 30, 2022
Schedule of Contract Assets and Liabilities [Line Items]
Contract with Customer, Asset, after Allowance for Credit Loss		$ 138	$ 120
Contract with Customer, Liability		68	54
Net Contract Asset		70	66
Prepaid Expenses and Other Current Assets
Schedule of Contract Assets and Liabilities [Line Items]
Contract with Customer, Asset, Net, Current	[1]	137	119
Other Noncurrent Assets
Schedule of Contract Assets and Liabilities [Line Items]
Contract with Customer, Asset, Net, Noncurrent	[2]	1	1
Accrued and Other Current Liabilities
Schedule of Contract Assets and Liabilities [Line Items]
Contract with Customer, Liability, Current	[3]	59	45
Other Noncurrent Liabilities
Schedule of Contract Assets and Liabilities [Line Items]
Contract with Customer, Liability, Noncurrent	[4]	$ 9	$ 9

[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) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 36	$ 36

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
	Dec. 31, 2022	Jan. 01, 2022
Numerator for earnings per share:
Income from continuing operations	$ 229	$ 163
Less: Net income attributable to noncontrolling interests	1	1
Net income from continuing operations attributable to TD Group	228	162
Less: Dividends paid on participating securities	(38)	(46)
Income from discontinued operations, net of tax	0	1
Net income applicable to TD Group common stockholders—basic and diluted	$ 190	$ 117
Denominator for basic and diluted earnings per share under the two-class method:
Weighted-Average Common Shares Outstanding, Basic And Diluted	54.4	55.3
Vested options deemed participating securities	2.7	3.9
Weighted-average shares outstanding - basic (in shares)	57.1	59.2
Weighted-average shares outstanding - diluted (in shares)	57.1	59.2
Earnings per share from continuing operations - basic (in usd per share)	$ 3.33	$ 1.96
Earnings per share from continuing operations - diluted (in usd per share)	3.33	1.96
Earnings per share from discontinued operations - diluted (in usd per share)	0	0.02
Earnings per share from discontinued operations - basic (in usd per share)	0	0.02
Earnings per share - basic (in usd per share)	3.33	1.98
Earnings per share - diluted (in usd per share)	$ 3.33	$ 1.98

INVENTORIES - Schedule of Inven

INVENTORIES - Schedule of Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Inventory Disclosure [Abstract]
Raw materials and purchased component parts	$ 1,037	$ 959
Work-in-progress	390	359
Finished goods	216	210
Total	1,643	1,528
Reserves for excess and obsolete inventory	(204)	(196)
Inventories—Net	$ 1,439	$ 1,332

INTANGIBLE ASSETS - Intangible

INTANGIBLE ASSETS - Intangible Assets Subject to Amortization (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 3,681	$ 3,640
Intangible Assets, Accumulated Amortization	931	890
Total	2,750	2,750
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,075	2,054
Accumulated Amortization	810	780
Net	1,265	1,274
Order backlog
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	7	7
Accumulated Amortization	4	3
Net	3	4
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	592	580
Accumulated Amortization	113	104
Net	479	476
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	9	9
Accumulated Amortization	4	3
Net	5	6
Trademarks & trade names
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill), Gross	998	990
Indefinite-Lived Intangible Assets, Accumulated Amortization	0	0
Intangible Assets (Excluding Goodwill), Net	$ 998	$ 990

INTANGIBLE ASSETS - Aggregate A

INTANGIBLE ASSETS - Aggregate Amortization Expense on Identifiable Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
AMORTIZATION OF INTANGIBLE ASSETS	$ 34	$ 36

INTANGIBLE ASSETS - Summary of

INTANGIBLE ASSETS - Summary of Changes in Carrying Value of Goodwill (by Segment) (Details) $ in Millions	3 Months Ended
	Dec. 31, 2022 USD ($)
Goodwill [Roll Forward]
Balance at September 30, 2022	$ 8,641
Purchase price allocation adjustments	3	[1]
Currency translation adjustments and other	75
Balance at December 31, 2022	8,719
Power & Control
Goodwill [Roll Forward]
Balance at September 30, 2022	4,155
Purchase price allocation adjustments	3	[1]
Currency translation adjustments and other	25
Balance at December 31, 2022	4,183
Airframe
Goodwill [Roll Forward]
Balance at September 30, 2022	4,393
Purchase price allocation adjustments	0	[1]
Currency translation adjustments and other	50
Balance at December 31, 2022	4,443
Non-aviation
Goodwill [Roll Forward]
Balance at September 30, 2022	93
Purchase price allocation adjustments	0	[1]
Currency translation adjustments and other	0
Balance at December 31, 2022	$ 93

[1]Primarily related to opening balance sheet adjustments recorded from the series of acquisitions by the Company's Extant Aerospace subsidiary completed during fiscal year 2022. Refer to Note 3, “Acquisitions,” for further information.

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($)		Dec. 31, 2022	Sep. 30, 2022
Debt Instrument [Line Items]
Gross Amount		$ 19,600,000,000	$ 19,567,000,000
Debt Issuance Costs		(103,000,000)	(110,000,000)
Original Issue (Discount) or Premium		(44,000,000)	(12,000,000)
Short-term borrowings—trade receivable securitization facility		350,000,000	350,000,000
Long-term Debt		19,453,000,000	19,445,000,000
Finance lease obligations		193,000,000	146,000,000
Current portion of long-term debt		78,000,000	76,000,000
Long-term Debt, Gross and Lease Obligation		19,521,000,000	19,490,000,000
Deferred Finance Costs, Excluding Current Maturities		(102,000,000)	(109,000,000)
Debt Instrument, Unamortized Discount, Excluding Current Maturities		(44,000,000)	(12,000,000)
LONG-TERM DEBT		19,375,000,000	19,369,000,000
Term loans
Debt Instrument [Line Items]
Gross Amount		7,284,000,000	7,298,000,000
Debt Issuance Costs		(27,000,000)	(29,000,000)
Original Issue (Discount) or Premium		(45,000,000)	(13,000,000)
Long-term Debt	[1]	$ 7,212,000,000	$ 7,256,000,000
Senior Subordinated Notes \| Senior Subordinated Notes Due 2026 6.375%
Debt Instrument [Line Items]
Interest rate		6.375%	6.375%
Gross Amount		$ 950,000,000	$ 950,000,000
Debt Issuance Costs		(4,000,000)	(4,000,000)
Original Issue (Discount) or Premium		0	0
Long-term Debt	[1]	$ 946,000,000	$ 946,000,000
Senior Subordinated Notes \| Senior subordinated notes due 2026 6.875%
Debt Instrument [Line Items]
Interest rate		6.875%	6.875%
Gross Amount		$ 500,000,000	$ 500,000,000
Debt Issuance Costs		(3,000,000)	(3,000,000)
Original Issue (Discount) or Premium		(2,000,000)	(2,000,000)
Long-term Debt	[1]	$ 495,000,000	$ 495,000,000
Senior Subordinated Notes \| Senior Subordinated Notes $550M Due 2027 7.50%
Debt Instrument [Line Items]
Interest rate		7.50%	7.50%
Gross Amount		$ 550,000,000	$ 550,000,000
Debt Issuance Costs		(3,000,000)	(3,000,000)
Original Issue (Discount) or Premium		0	0
Long-term Debt	[1]	$ 547,000,000	$ 547,000,000
Senior Subordinated Notes \| Senior Subordinated Notes $2650M Due 2027 5.50%
Debt Instrument [Line Items]
Interest rate		5.50%	5.50%
Gross Amount		$ 2,650,000,000	$ 2,650,000,000
Debt Issuance Costs		(14,000,000)	(15,000,000)
Original Issue (Discount) or Premium		0	0
Long-term Debt	[1]	$ 2,636,000,000	2,635,000,000
Senior Subordinated Notes \| Senior Subordinated Notes $1200M Due 2029 4.625%
Debt Instrument [Line Items]
Interest rate		4.625%
Gross Amount		$ 1,200,000,000	1,200,000,000
Debt Issuance Costs		(8,000,000)	(9,000,000)
Original Issue (Discount) or Premium		0	0
Long-term Debt	[1]	$ 1,192,000,000	1,191,000,000
Senior Subordinated Notes \| Senior Subordinated Notes $750M due 2029 4.875%
Debt Instrument [Line Items]
Interest rate		4.875%
Gross Amount		$ 750,000,000	750,000,000
Debt Issuance Costs		(6,000,000)	(6,000,000)
Original Issue (Discount) or Premium		0	0
Long-term Debt	[1]	$ 744,000,000	744,000,000
Secured Debt \| Senior Secured Notes $1.1B due 2025 8%
Debt Instrument [Line Items]
Interest rate		8%
Gross Amount		$ 1,100,000,000	1,100,000,000
Debt Issuance Costs		(5,000,000)	(6,000,000)
Original Issue (Discount) or Premium		0	0
Long-term Debt	[1]	$ 1,095,000,000	1,094,000,000
Secured Debt \| Senior Secured Notes $4.4B Due 2026 6.25%
Debt Instrument [Line Items]
Interest rate		6.25%
Gross Amount		$ 4,400,000,000	4,400,000,000
Debt Issuance Costs		(33,000,000)	(35,000,000)
Original Issue (Discount) or Premium		3,000,000	3,000,000
Long-term Debt	[1]	4,370,000,000	4,368,000,000
Government refundable advances
Debt Instrument [Line Items]
Debt Issuance Costs		0	0
Original Issue (Discount) or Premium		0	0
Long-term Debt		23,000,000	23,000,000
Government refundable advances		23,000,000	23,000,000
Finance Lease Obligations
Debt Instrument [Line Items]
Debt Issuance Costs		0	0
Original Issue (Discount) or Premium		0	0
Long-term Debt		193,000,000	146,000,000
Finance lease obligations		193,000,000	146,000,000
Less: current portion
Debt Instrument [Line Items]
Debt Issuance Costs		(1,000,000)	(1,000,000)
Original Issue (Discount) or Premium		0	0
Long-term Debt, Current Maturities, Gross		79,000,000	77,000,000
Current portion of long-term debt		78,000,000	76,000,000
Asset-backed Securities
Debt Instrument [Line Items]
Debt Issuance Costs		0	0
Original Issue (Discount) or Premium		0	0
Short-term borrowings—trade receivable securitization facility, Gross		350,000,000	350,000,000
Short-term borrowings—trade receivable securitization facility	[1]	$ 350,000,000	$ 350,000,000

[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	3 Months Ended
	Dec. 31, 2022	Dec. 14, 2022	Sep. 30, 2022
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount (Premium), Net	$ 44		$ 12
Finance lease obligations	193		146
Accrued and Other Current Liabilities
Debt Instrument [Line Items]
Interest Payable	173		170
Government refundable advances
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount (Premium), Net	0		0
Government refundable advances	23		23
Finance Lease Obligations
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount (Premium), Net	0		0
Finance lease obligations	193		$ 146
Tranche G Term Loans
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 1,725
Write off of Deferred Debt Issuance Cost	0.2
Write Off of Original Issue Discount	0.1
Tranche G Term Loans \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest rate		2.25%
Tranche H Term Loans
Debt Instrument [Line Items]
Debt Instrument, Repurchase Amount		$ 1,725
Original Issue Discount Rate		2%
Debt Instrument, Unamortized Discount (Premium), Net	34.5	$ 34.5
Short-Term Debt, Refinanced, Amount	$ 3
Tranche H Term Loans \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest rate		3.25%

INCOME TAXES - Narratives (Deta

INCOME TAXES - Narratives (Details) - USD ($) $ in Millions	3 Months Ended
INCOME TAXES - Narratives (Details) - USD ($) $ in Millions	Dec. 31, 2022	Jan. 01, 2022	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate	23.90%	15.50%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%
Tax rate effect	$ 17		$ 16.6
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 4.6		$ 4.5

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying Amounts and Fair Values of Financial Instruments (Details) - USD ($) $ in Millions		Dec. 31, 2022	Sep. 30, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		$ 3,288	$ 3,001
Short-term borrowings—trade receivable securitization facility		350	350
Long-term Debt		19,453	19,445
Other Noncurrent Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Swap Assets	[1]	61	68
Interest Rate Cap Agreements	[1]	51	50
Accrued Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contract, Liability	[2]	2	11
Other Current Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Swap Assets	[3]	90	77
Term loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	7,212	7,256
Government refundable advances
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt		23	23
Finance Lease Obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt		193	146
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, Fair Value		3,288	3,001
Level 2 \| Other Noncurrent Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Cap Agreements	[1]	51	50
Level 2 \| Accrued Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contract, Liability	[2]	2	11
Level 2 \| Term loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	7,226	6,976
Level 2 \| Government refundable advances
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value		23	23
Level 2 \| Finance Lease Obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value		193	146
Senior Secured Notes $1.1B due 2025 8% \| Secured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	1,095	1,094
Senior Secured Notes $1.1B due 2025 8% \| Level 1 \| Secured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	1,121	1,115
Senior Subordinated Notes Due 2026 6.375% \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	946	946
Senior Subordinated Notes Due 2026 6.375% \| Level 1 \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	929	884
Senior subordinated notes due 2026 6.875% \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	495	495
Senior subordinated notes due 2026 6.875% \| Level 1 \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	486	473
Senior Secured Notes $4.4B Due 2026 6.25% \| Secured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	4,370	4,368
Senior Secured Notes $4.4B Due 2026 6.25% \| Level 1 \| Secured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	4,334	4,257
Senior Subordinated Notes $550M Due 2027 7.50% \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	547	547
Senior Subordinated Notes $550M Due 2027 7.50% \| Level 1 \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	547	524
Senior Subordinated Notes $2650M Due 2027 5.50% \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[4]	2,636	2,635
Senior Subordinated Notes $2650M Due 2027 5.50% \| Level 1 \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[4]	2,491	2,286
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]	1,192	1,191
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]	1,059	966
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	744
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]	664	606
Asset-backed Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term borrowings—trade receivable securitization facility	[4]	350	350
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	$ 350

[1]Included in other non-current assets on the condensed consolidated balance sheets.[2]Included in accrued and other current liabilities on the condensed consolidated balance sheets.[3]Included in prepaid expenses and other 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	Dec. 31, 2022 USD ($)
Interest rate swap beginning June 29, 2018
Derivative [Line Items]
Derivative, Notional Amount	$ 500
Derivative, Fixed Interest Rate	5.25%
Derivative, Variable Interest Rate	3%
Derivative, Basis Spread on Variable Rate	2.25%
Interest rate swap beginning June 30, 2022
Derivative [Line Items]
Derivative, Notional Amount	$ 1,500
Derivative, Fixed Interest Rate	5.35%
Derivative, Variable Interest Rate	3.10%
Derivative, Basis Spread on Variable Rate	2.25%
Interest rate swap June 28, 2016
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 swap beginning June 30, 2021
Derivative [Line Items]
Derivative, Notional Amount	$ 1,400
Derivative, Fixed Interest Rate	5.25%
Derivative, Variable Interest Rate	3%
Derivative, Basis Spread on Variable Rate	2.25%
Interest rate swap beginning December 31, 2021
Derivative [Line Items]
Derivative, Notional Amount	$ 900
Derivative, Fixed Interest Rate	5.35%
Derivative, Variable Interest Rate	3.10%
Derivative, Basis Spread on Variable Rate	2.25%
Interest rate swap beginning September 30, 2022
Derivative [Line Items]
Derivative, Notional Amount	$ 400
Derivative, Fixed Interest Rate	5.25%
Derivative, Variable Interest Rate	3%
Derivative, Basis Spread on Variable Rate	2.25%
Interest rate cap agreements beginning June 30, 2016
Derivative [Line Items]
Derivative, Notional Amount	$ 700
Derivative, Cap Interest Rate	1.25%

DERIVATIVES AND HEDGING ACTIV_4

DERIVATIVES AND HEDGING ACTIVITIES - Summary of Balance Sheet Presentation of Derivative Assets and Liabilities (Details) - USD ($) $ in Millions		Dec. 31, 2022	Sep. 30, 2022
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	[1]	$ 202	$ 195
Derivative Liability, Fair Value, Gross Liability	[1]	0	0
Interest Rate Cap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset		51	50
Derivative Liability, Fair Value, Gross Liability		0	0
Interest Rate Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset		151	145
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
	Dec. 31, 2022 USD ($)
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer	12 months
Interest Rate Swap and Cap Agreements
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred	$ (89.1)
Foreign Exchange Forward Exchange Contracts
Derivative [Line Items]
Derivative, Notional Amount	129.3
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Net Sales upon Settlement	1.9
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Earnings, net of Tax, Next 12 months (Estimated)	$ 2.2

SEGMENTS - Narratives (Details)

SEGMENTS - Narratives (Details)	3 Months Ended
SEGMENTS - Narratives (Details)	Dec. 31, 2022 Segment
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
	Dec. 31, 2022	Jan. 01, 2022
Segment Reporting Information [Line Items]
NET SALES	$ 1,397	$ 1,194
Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	725	650
Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	637	506
Operating Segments \| Non-aviation
Segment Reporting Information [Line Items]
NET SALES	35	38
Commercial and non-aerospace OEM \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	152	135
Commercial and non-aerospace OEM \| Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	202	143
Commercial and non-aerospace aftermarket \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	244	203
Commercial and non-aerospace aftermarket \| Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	236	164
Defense \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	329	312
Defense \| Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	$ 199	$ 199

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
	Dec. 31, 2022	Jan. 01, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	$ 699	$ 565
Interest expense, net	286	264
Non-cash stock and deferred compensation expense	29	37
Refinancing costs	4	0
Income from continuing operations before income taxes	301	193
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	727	568
Operating Segments \| Power & Control
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	401	328
Operating Segments \| Airframe
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	312	226
Operating Segments \| Non-aviation
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	14	14
Corporate, Non-Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	28	3
Segment Reconciling Items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Depreciation and amortization expense	63	65
Interest expense, net	(286)	(264)
Acquisition and divestiture transaction-related expenses	3	5
Non-cash stock and deferred compensation expense	35	37
Refinancing costs	4	0
Other, net	$ 7	$ 1

SEGMENTS - Schedule of Total As

SEGMENTS - Schedule of Total Assets by Segment (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 18,489	$ 18,107
Operating Segments \| Power & Control
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	7,081	6,994
Operating Segments \| Airframe
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	7,935	7,781
Operating Segments \| Non-aviation
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	236	238
Corporate, Non-Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 3,237	$ 3,094

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS - Schedule of Accumulated Other Comprehensive Loss, Net of Taxes (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 31, 2022	Jan. 01, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period		$ (267)	$ (248)
Other Comprehensive Income (Loss), Net of Tax		159	48
Balance at end of period		(108)	(200)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax		6.6	17.8
Unrealized gains (losses) on derivatives (1)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	[1]	123	(229)
Balance at end of period	[1]	145	(171)
Pension and postretirement benefit plans adjustment (2)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	[2]	(10)	(18)
Balance at end of period	[2]	(10)	(18)
Foreign currency translation adjustment (3)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	[3]	(380)	(1)
Balance at end of period	[3]	(243)	(11)
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	[1]	22	58
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	[2]	0	0
Foreign currency translation adjustment	[3]	$ 137	$ (10)

[1]Represents unrealized gains (losses) on derivatives designated and qualifying as cash flow hedges, net of taxes, of $6.6 million and $17.8 million for the thirteen week periods ended December 31, 2022 and January 1, 2022, respectively.[2]There were no material pension liability adjustments, net of taxes, related to activity on the defined pension plan and postretirement benefit plan for the thirteen week periods ended December 31, 2022 and January 1, 2022, respectively.[3]Represents gains (losses) resulting from foreign currency translation of financial statements, including gains (losses) from certain intercompany transactions, into U.S. dollars at the rates of exchange in effect at the balance sheet dates.

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Lessee, Lease, Description [Line Items]
Lease, Cost	$ 10	$ 11
Cost of sales or selling and administrative expenses
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	5	8
Cost of sales
Lessee, Lease, Description [Line Items]
Finance Lease, Right-of-Use Asset, Amortization	2	1
Interest expense - net
Lessee, Lease, Description [Line Items]
Finance Lease, Interest Expense	$ 3	$ 2

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information Related To Leases (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Leases [Abstract]
Operating Lease, Payments	$ 5	$ 7
Finance Lease, Interest Payment on Liability	3	2
Finance Lease, Principal Payments	1	1
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	0	2
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 48	$ 25

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	Dec. 31, 2022	Sep. 30, 2022
Leases [Abstract]
Operating Lease, Right-of-Use Asset	$ 60	$ 85
Operating Lease, Liability, Current	15	18
Operating Lease, Liability, Noncurrent	48	71
Operating Lease, Liability	63	89
Finance Lease, Right-of-Use Asset	182	137
Finance Lease, Liability, Current	4	2
Finance Lease, Liability, Noncurrent	189	144
Finance Lease, Liability	$ 193	$ 146
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	OTHER NON-CURRENT ASSETS	OTHER NON-CURRENT ASSETS
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued and other current liabilities	Accrued and other current liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	OTHER NON-CURRENT LIABILITIES	OTHER NON-CURRENT LIABILITIES
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	PROPERTY, PLANT AND EQUIPMENT—NET	PROPERTY, PLANT AND EQUIPMENT—NET
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Current portion of long-term debt	Current portion of long-term debt
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	LONG-TERM DEBT	LONG-TERM DEBT

LEASES - Weighted-Average Term

LEASES - Weighted-Average Term and Discount Rate Remaining (Details)	Dec. 31, 2022
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	5 years 4 months 24 days
Finance Lease, Weighted Average Remaining Lease Term	21 years
Operating Lease, Weighted Average Discount Rate, Percent	6%
Finance Lease, Weighted Average Discount Rate, Percent	7.20%

LEASES - Maturities Schedule of

LEASES - Maturities Schedule of Operating and Financing Leases (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Leases [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 14
Finance Leases, Future Minimum Payments Due, Next Twelve Months	11
Lessee, Operating Lease, Liability, to be Paid, Year One	16
Finance Lease, Liability, to be Paid, Year One	16
Operating Leases, Future Minimum Payments, Due in Two Years	14
Finance Leases, Future Minimum Payments Due in Two Years	17
Operating Leases, Future Minimum Payments, Due in Three Years	10
Finance Leases, Future Minimum Payments Due in Three Years	17
Operating Leases, Future Minimum Payments, Due in Four Years	8
Finance Leases, Future Minimum Payments Due in Four Years	17
Operating Leases, Future Minimum Payments, Due Thereafter	13
Finance Leases, Future Minimum Payments Due Thereafter	311
Operating Leases, Future Minimum Payments Due	75
Finance Leases, Future Minimum Payments Due	389
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	12
Finance Leases, Future Minimum Payments, Interest Included in Payments	196
Operating Lease, Liability	63	$ 89
Finance lease obligations	$ 193	$ 146

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narratives (Details) $ in Millions	Dec. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Recommended Voluntary Refund	$ 20.8