TransDigm (TDG) 10-Q8 Aug 232023 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Jul. 01, 2023	Jul. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 01, 2023
Document Transition Report	false
Entity File Number	001-32833
Entity Registrant Name	TransDigm Group Incorporated
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-2101738
Entity Address, Address Line One	1301 East 9th Street,
Entity Address, Address Line Two	Suite 3000,
Entity Address, City or Town	Cleveland,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44114
City Area Code	216
Local Phone Number	706-2960
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	TDG
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		55,183,160
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001260221
Current Fiscal Year End Date	--09-30

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 01, 2023	Sep. 30, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 3,071	$ 3,001
Trade accounts receivable—Net	1,159	967
Inventories—Net	1,603	1,332
Prepaid expenses and other	419	349
Total current assets	6,252	5,649
PROPERTY, PLANT AND EQUIPMENT—NET	983	807
GOODWILL	9,141	8,641
OTHER INTANGIBLE ASSETS—NET	2,945	2,750
OTHER NON-CURRENT ASSETS	234	260
TOTAL ASSETS	19,555	18,107
CURRENT LIABILITIES:
Current portion of long-term debt	67	76
Short-term borrowings—trade receivable securitization facility	350	350
Accounts payable	292	279
Accrued and other current liabilities	824	721
Total current liabilities	1,533	1,426
LONG-TERM DEBT	19,348	19,369
DEFERRED INCOME TAXES	619	596
OTHER NON-CURRENT LIABILITIES	442	482
Total liabilities	21,942	21,873
TD GROUP STOCKHOLDERS’ DEFICIT:
Common stock - $.01 par value; authorized 224,400,000 shares; issued 60,832,816 and 60,049,685 at July 1, 2023 and September 30, 2022, respectively	1	1
Additional paid-in capital	2,375	2,113
Accumulated deficit	(3,034)	(3,914)
Accumulated other comprehensive loss	(30)	(267)
Treasury stock, at cost; 5,688,639 shares at July 1, 2023 and September 30, 2022	1,706	1,706
Total TD Group stockholders’ deficit	(2,394)	(3,773)
NONCONTROLLING INTERESTS	7	7
Total stockholders’ deficit	(2,387)	(3,766)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 19,555	$ 18,107

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICAL - $ / shares	Jul. 01, 2023	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)	60,832,816	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		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Income Statement [Abstract]
NET SALES	$ 1,744	$ 1,398	$ 4,733	$ 3,919
COST OF SALES	715	582	1,983	1,706
GROSS PROFIT	1,029	816	2,750	2,213
SELLING AND ADMINISTRATIVE EXPENSES	209	184	578	537
AMORTIZATION OF INTANGIBLE ASSETS	37	33	105	102
INCOME FROM OPERATIONS	783	599	2,067	1,574
INTEREST EXPENSE—NET	291	269	872	799
REFINANCING COSTS	32	0	41	0
OTHER (INCOME) EXPENSE	(9)	18	(12)	9
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	469	312	1,166	766
INCOME TAX PROVISION	117	73	281	165
INCOME FROM CONTINUING OPERATIONS	352	239	885	601
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	0	0	0	1
NET INCOME	352	239	885	602
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	(1)	(1)	(2)	(2)
NET INCOME ATTRIBUTABLE TO TD GROUP	351	238	883	600
NET INCOME APPLICABLE TO TD GROUP COMMON STOCKHOLDERS	$ 351	$ 238	$ 845	$ 554
Earnings per share attributable to TD Group common stockholders:
Earnings per share from continuing operations - basic (in usd per share)	$ 6.14	$ 4.10	$ 14.80	$ 9.42
Earnings per share from continuing operations - diluted (in usd per share)	6.14	4.10	14.80	9.42
Earnings per share from discontinued operations - basic (in usd per share)	0	0	0	0.02
Earnings per share from discontinued operations - diluted (in usd per share)	0	0	0	0.02
Earnings per share - basic (in usd per share)	6.14	4.10	14.80	9.44
Earnings per share - diluted (in usd per share)	$ 6.14	$ 4.10	$ 14.80	$ 9.44
Weighted-average shares outstanding:
Weighted-average shares outstanding - basic (in shares)	57.2	58	57.1	58.7
Weighted-average shares outstanding - diluted (in shares)	57.2	58	57.1	58.7

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023		Jul. 02, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 352	$ 239	$ 885		$ 602
Less: Net income attributable to noncontrolling interests	(1)	(1)	(2)		(2)
NET INCOME ATTRIBUTABLE TO TD GROUP	351	238	883		600
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	31	(155)	211		(208)
Unrealized gains on derivatives	35	24	26		252
Pension and postretirement benefit plans adjustment	0	(6)	0		(6)
Other comprehensive income (loss), net of tax, attributable to TD Group	66	(125)	237	[1]	50	[1]
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO TD GROUP	$ 417	$ 113	$ 1,120		$ 650

[1]Presented net of reclassifications out of AOCI into earnings, specifically interest expense - net, for realized gains (losses) on derivatives designated and qualifying as cash flow hedges of $41.9 million (net of taxes of $12.9 million) and $(64.7) million (net of taxes of $(19.9) million) for the thirty-nine week periods ended July 1, 2023 and July 2, 2022, respectively.

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, Treasury Stock (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						(10)
Foreign currency translation adjustment		(10)
Unrealized gain on derivatives, net of tax						58
Unrealized gains on derivatives		58
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax						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, Treasury Stock (in shares) at Jan. 01, 2022								(4,198,226)
BALANCE (in shares) at Sep. 30, 2021			59,403,100
BALANCE at Sep. 30, 2021			$ 1	1,830	(3,705)	(248)		$ (794)
BALANCE, Treasury Stock (in shares) at Sep. 30, 2021								(4,198,226)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
NET INCOME ATTRIBUTABLE TO TD GROUP		600
Net income attributable to TD Group	[1],[2]					(208)
Foreign currency translation adjustment		(208)
Unrealized gain on derivatives, net of tax	[1],[3]					252
Unrealized gains on derivatives		252
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	[1],[4]					6
Pension and postretirement benefit plans adjustment		(6)
BALANCE (in shares) at Jul. 02, 2022			59,906,055
BALANCE at Jul. 02, 2022			$ 1	2,041	(3,114)	(198)		$ (1,706)
BALANCE, Treasury Stock (in shares) at Jul. 02, 2022								(5,688,639)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
NONCONTROLLING INTERESTS									7
Total stockholders’ deficit		(2,626)
BALANCE (in shares) at Jan. 01, 2022			59,618,917
BALANCE at Jan. 01, 2022			$ 1	1,905	(3,545)	(200)		$ (794)
BALANCE, Treasury Stock (in shares) at Jan. 01, 2022								(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		(4)			(4)
Compensation expense recognized for employee stock options		39		39
Exercise of employee stock options			191,403
Exercise of employee stock options		40		40
Stock repurchases under repurchase program (in shares)								(1,046,815)
Stock repurchases under repurchase program		(667)						$ (667)
NET INCOME ATTRIBUTABLE TO TD GROUP		199			199
Net income attributable to TD Group						(43)
Foreign currency translation adjustment		(43)
Unrealized gain on derivatives, net of tax						170
Unrealized gains on derivatives		170
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax						0
Pension and postretirement benefit plans adjustment		0
BALANCE (in shares) at Apr. 02, 2022			59,810,320
BALANCE at Apr. 02, 2022			$ 1	1,984	(3,350)	(73)		$ (1,461)
BALANCE, Treasury Stock (in shares) at Apr. 02, 2022								(5,245,041)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
NONCONTROLLING INTERESTS									6
Total stockholders’ deficit		(2,893)
Changes in noncontrolling interest of consolidated subsidiaries, net		2							2
Accrued unvested dividend equivalents and other		(2)			(2)
Compensation expense recognized for employee stock options		38		38
Exercise of employee stock options			95,735
Exercise of employee stock options		19		19
Stock repurchases under repurchase program (in shares)								(443,598)
Stock repurchases under repurchase program		(245)						$ (245)
NET INCOME ATTRIBUTABLE TO TD GROUP		238			238
Net income attributable to TD Group						(155)
Foreign currency translation adjustment		(155)
Unrealized gain on derivatives, net of tax						24
Unrealized gains on derivatives		24
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax						6
Pension and postretirement benefit plans adjustment		(6)
BALANCE (in shares) at Jul. 02, 2022			59,906,055
BALANCE at Jul. 02, 2022			$ 1	2,041	(3,114)	(198)		$ (1,706)
BALANCE, Treasury Stock (in shares) at Jul. 02, 2022								(5,688,639)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
NONCONTROLLING INTERESTS									8
Total stockholders’ deficit		(2,968)
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, Treasury Stock (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
Stock repurchases under repurchase program (in shares)								(1,490,413)
NET INCOME ATTRIBUTABLE TO TD GROUP		228			228
Net income attributable to TD Group						137
Foreign currency translation adjustment		137
Unrealized gain on derivatives, net of tax						22
Unrealized gains on derivatives		22
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax						0
Pension and postretirement benefit plans adjustment		$ 0
BALANCE (in shares) at Dec. 31, 2022			60,171,175
BALANCE at Dec. 31, 2022			$ 1	2,164	(3,687)	(108)		$ (1,706)
BALANCE, Treasury Stock (in shares) at Dec. 31, 2022								5,688,639
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, Treasury Stock (in shares) at Sep. 30, 2022		(5,688,639)						5,688,639
Increase (Decrease) in Stockholders' Equity [Roll Forward]
NET INCOME ATTRIBUTABLE TO TD GROUP		$ 883
Net income attributable to TD Group	[1],[2]					211
Foreign currency translation adjustment		211
Unrealized gain on derivatives, net of tax		(2.4)				26	[1],[3]
Unrealized gains on derivatives		26
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	[1],[4]					0
Pension and postretirement benefit plans adjustment		$ 0
BALANCE (in shares) at Jul. 01, 2023		60,832,816	60,832,816
BALANCE at Jul. 01, 2023		$ (2,394)	$ 1	2,375	(3,034)	(30)		$ (1,706)
BALANCE, Treasury Stock (in shares) at Jul. 01, 2023		(5,688,639)						5,688,639
Increase (Decrease) in Stockholders' Equity [Roll Forward]
NONCONTROLLING INTERESTS									8
Total stockholders’ deficit		$ (3,328)
BALANCE (in shares) at Dec. 31, 2022			60,171,175
BALANCE at Dec. 31, 2022			$ 1	2,164	(3,687)	(108)		$ (1,706)
BALANCE, Treasury Stock (in shares) at Dec. 31, 2022								5,688,639
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accrued unvested dividend equivalents and other		(1)			(1)
Compensation expense recognized for employee stock options		28		28
Exercise of employee stock options			400,474
Exercise of employee stock options		92		92
NET INCOME ATTRIBUTABLE TO TD GROUP		304			304
Net income attributable to TD Group						43
Foreign currency translation adjustment		43
Unrealized gain on derivatives, net of tax						(31)
Unrealized gains on derivatives		(31)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax						0
Pension and postretirement benefit plans adjustment		0
BALANCE (in shares) at Apr. 01, 2023			60,571,649
BALANCE at Apr. 01, 2023			$ 1	2,284	(3,384)	(96)		$ (1,706)
BALANCE, Treasury Stock (in shares) at Apr. 01, 2023								5,688,639
Increase (Decrease) in Stockholders' Equity [Roll Forward]
NONCONTROLLING INTERESTS									8
Total stockholders’ deficit		(2,893)
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		31		31
Exercise of employee stock options			261,167
Exercise of employee stock options		60		60
NET INCOME ATTRIBUTABLE TO TD GROUP		351			351
Net income attributable to TD Group						31
Foreign currency translation adjustment		31
Unrealized gain on derivatives, net of tax						35
Unrealized gains on derivatives		35
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax						0
Pension and postretirement benefit plans adjustment		$ 0
BALANCE (in shares) at Jul. 01, 2023		60,832,816	60,832,816
BALANCE at Jul. 01, 2023		$ (2,394)	$ 1	$ 2,375	$ (3,034)	$ (30)		$ (1,706)
BALANCE, Treasury Stock (in shares) at Jul. 01, 2023		(5,688,639)						5,688,639
Increase (Decrease) in Stockholders' Equity [Roll Forward]
NONCONTROLLING INTERESTS		$ 7							$ 7
Total stockholders’ deficit		$ (2,387)

[1]Presented net of reclassifications out of AOCI into earnings, specifically interest expense - net, for realized gains (losses) on derivatives designated and qualifying as cash flow hedges of $41.9 million (net of taxes of $12.9 million) and $(64.7) million (net of taxes of $(19.9) million) for the thirty-nine week periods ended July 1, 2023 and July 2, 2022, respectively.[2]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.[3]Represents unrealized gains (losses) on derivatives designated and qualifying as cash flow hedges, net of taxes, of $10.9 million and $7.9 million for the thirteen week periods ended July 1, 2023 and July 2, 2022, respectively, and $9.7 million and $77.8 million for the thirty-nine week periods ended July 1, 2023 and July 2, 2022, respectively.[4]For the thirteen and thirty-nine week periods ended July 2, 2022, pension liability adjustments, net of taxes, of $1.4 million represents unrecognized actuarial losses reclassified to other (income) expense upon the settlement of the ERP. 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 and thirty-nine week periods ended July 1, 2023.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
OPERATING ACTIVITIES:
NET INCOME	$ 885	$ 602
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX	0	(1)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	93	85
Amortization of intangible assets and product certification costs	106	103
Amortization of debt issuance costs, original issue discount and premium	30	26
Amortization of inventory step-up	2	1
Amortization of loss contract reserves	(27)	(28)
Refinancing costs	41	0
Gain on sale of businesses, net	0	(6)
Non-cash stock and deferred compensation expense	131	129
Deferred income taxes	(1)	(1)
Foreign currency exchange losses (gains)	21	(22)
(Gain) loss on settlement of the Esterline Retirement Plan (the “ERP”)	(8)	21
Cash refund (contribution) for the ERP settlement, net	8	(16)
Changes in assets/liabilities, net of effects from acquisitions and sales of businesses:
Trade accounts receivable	(134)	(91)
Inventories	(244)	(108)
Income taxes payable	70	21
Other assets	(16)	(23)
Accounts payable	(4)	23
Accrued interest	29	(18)
Accrued and other liabilities	(69)	(22)
Net cash provided by operating activities	913	675
INVESTING ACTIVITIES:
Capital expenditures	(102)	(86)
Acquisition of businesses, net of cash acquired	(750)	(422)
Net proceeds from sale of businesses	0	3
Net cash used in investing activities	(852)	(505)
FINANCING ACTIVITIES:
Proceeds from exercise of stock options	179	99
Dividend equivalent payments	(38)	(46)
Repurchases of common stock	0	(912)
Proceeds from issuance of senior secured notes, net	2,068	0
Repayments of senior secured notes, net	(1,122)	0
Repayment on revolving credit facility	0	(200)
Proceeds from term loans, net	6,238	0
Repayment on term loans	(7,318)	(56)
Financing costs and other, net	(18)	(1)
Net cash used in financing activities	(11)	(1,116)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	20	(33)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	70	(979)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		4,787
CASH AND CASH EQUIVALENTS, END OF PERIOD	3,071	3,808
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest, net	808	786
Cash paid during the period for income taxes, net of refunds	$ 231	$ 138

DESCRIPTION OF THE BUSINESS

DESCRIPTION OF THE BUSINESS	9 Months Ended
DESCRIPTION OF THE BUSINESS	Jul. 01, 2023
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, cargo loading, handling and delivery systems and specialized flight, wind tunnel and jet engine testing services and equipment.

UNAUDITED INTERIM FINANCIAL INF

UNAUDITED INTERIM FINANCIAL INFORMATION	9 Months Ended
UNAUDITED INTERIM FINANCIAL INFORMATION	Jul. 01, 2023
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 thirty-nine week period ended July 1, 2023 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	9 Months Ended
ACQUISITIONS	Jul. 01, 2023
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS Calspan Corporation – On March 14, 2023, the Company entered into a definitive agreement to acquire all the outstanding stock of Calspan Corporation (“Calspan”) for a total purchase price of $729 million. The acquisition was completed on May 8, 2023 and financed through existing cash on hand. Calspan operates from seven primary facilities within the United States and is a leading independent provider of proprietary highly engineered testing and technology development services and systems primarily for the aerospace and defense industry. Calspan’s state of the art transonic wind tunnel is used across a range of important aftermarket-focused development activities for both the commercial and defense aerospace end markets. The services and systems are primarily proprietary with significant aftermarket content. Calspan's operating results are included within TransDigm's Airframe segment. The Company accounted for the Calspan acquisition using the acquisition method of accounting and included the results of operations of the acquisition in its condensed consolidated financial statements from the effective date of the acquisition. The purchase price was allocated to identifiable assets and liabilities based on information available at the date of acquisition. The allocation of the purchase price is preliminary and will likely change in future periods, perhaps materially, as fair value estimates of the assets acquired, particularly intangible assets and property, plant and equipment, and liabilities assumed are finalized. As of July 1, 2023, the measurement period (not to exceed one year) is open; therefore, the assets acquired and liabilities assumed related to the Calspan acquisition are subject to adjustment until the end of the respective measurement period. The Company is in the process of obtaining a third-party valuation of certain intangible assets and property, plant and equipment of Calspan. Pro forma net sales and results of operations for the acquisition had it occurred at the beginning of the thirty-nine week periods ended July 1, 2023 or July 2, 2022 are not material and, accordingly, are not provided. The allocation of the estimated fair value of assets acquired and liabilities assumed in the Calspan acquisition as of the May 8, 2023 acquisition date is summarized in the table below (in millions): Assets acquired (excluding cash): Trade accounts receivable $ 39 Inventories 2 Prepaid expenses and other 40 Property, plant and equipment 105 Goodwill 367 (1) Other intangible assets 243 (1) Other non-current assets 7 Total assets acquired (excluding cash) 803 Liabilities assumed: Accounts payable 10 Accrued and other current liabilities 50 Deferred income taxes 8 Other non-current liabilities 6 Total liabilities assumed 74 Net assets acquired $ 729 (1) Based on the preliminary allocation of the net assets acquired, the Company expects that at least 80% of both the approximately $367 million of goodwill and $243 million of other intangible assets recognized for the acquisition will be deductible for tax purposes. The goodwill and intangible assets will be deductible over 15 years. 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, 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 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. 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 thirty-nine week period ended July 2, 2022 are not material and, accordingly, are not provided. The final allocation of the fair value of assets acquired and liabilities assumed in the DART acquisition as of the acquisition date, as well as measurement period adjustments recorded within the permissible one year measurement period, are summarized in the table below (in millions): Preliminary Measurement Period Final Allocation Adjustments (2) Allocation Assets acquired (excluding cash): Trade accounts receivable $ 16 $ (2) $ 14 Inventories 33 (1) 32 Prepaid expenses and other 4 — 4 Property, plant and equipment 9 — 9 Goodwill 236 (31) 205 (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 — 35 Other non-current liabilities 8 9 17 Total liabilities assumed 58 12 70 Net assets acquired $ 360 $ (1) $ 359 (1) None of the approximately $205 million of goodwill and $148 million of other intangible assets recognized for the acquisition is 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 thirty-nine week period ended July 1, 2023, the Company's Extant Aerospace subsidiary, which is included within TransDigm’s Power & Control segment, completed an acquisition of substantially all of the assets and technical data rights of a certain product line, which met the definition of a business, for a total purchase price of $11 million. The allocation of the purchase price remains 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 $6 million of goodwill and all of the approximately $4 million of other intangible assets recognized for the acquisition will be deductible for tax purposes over 15 years. For the fiscal year ended September 30, 2022, the Company's Extant Aerospace subsidiary, 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, of which $10 million was paid using existing cash on hand in the first quarter of fiscal 2023. The allocation of the purchase prices for certain acquisitions remains 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 $61 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 thirty-nine week periods ended July 1, 2023 or July 2, 2022 are not material and, accordingly, are not provided. The Calspan, DART and Extant Aerospace product line acquisitions strengthen and expand the Company’s position to design, produce and supply highly engineered proprietary aerospace components in niche markets with significant aftermarket content and provide opportunities to create value through the application of our three core value-driven operating strategies (obtaining profitable new business, continually improving our cost structure, and providing highly engineered value-added products to customers). The purchase prices paid reflect the current EBITDA and cash flows, as well as the future EBITDA and cash flows expected to be generated by the businesses, which are driven in most cases by the recurring aftermarket consumption over the life of a particular aircraft, estimated to be approximately 25 to 30 years.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Jul. 01, 2023
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. During the second quarter of fiscal 2023, the Company entered into LIBOR to Term Secured Overnight Financing Rate (“Term SOFR”) basis interest rate swap and cap agreements to effectively convert its existing swaps and caps from LIBOR-based to Term SOFR-based. The practical expedients permissible under ASC 848 were applied and resulted in the Company preserving the presentation of its existing swaps and caps as qualifying cash flow hedges. Refer to Note 13, “Derivatives and Hedging Activities,” for further disclosure of the hedging transactions entered into during the second quarter of fiscal 2023. The application of this standard did not have a material impact on the Company's condensed consolidated financial statements and disclosures.

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
REVENUE RECOGNITION	Jul. 01, 2023
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 original equipment manufacturers (“OEMs”), various armed forces of the United States (“U.S.”) and friendly foreign governments, defense OEMs, system suppliers, and various other industrial customers. The Company recognizes revenue from contracts with customers using the five step model prescribed in ASC 606. The Company's revenue is primarily recorded at a point in time basis. Revenue is recognized from the sale of products or services when obligations under the terms of the contract are satisfied and control of promised goods or services have transferred to the customer. Control is transferred when the customer has the ability to direct the use of and obtain benefits from the goods or services. Revenue is measured at the amount of consideration the Company expects to be paid in exchange for goods or services. 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 12 months. 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): July 1, 2023 September 30, 2022 Contract assets, current (1) $ 185 $ 119 Contract assets, non-current (2) 1 1 Total contract assets 186 120 Contract liabilities, current (3) 79 45 Contract liabilities, non-current (4) 8 9 Total contract liabilities 87 54 Net contract assets $ 99 $ 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 July 1, 2023 compared to September 30, 2022 is primarily due to the Calspan acquisition and also the timing and status of work in process and/or milestones of certain contracts. The increase in the Company's total contract liabilities at July 1, 2023 compared to September 30, 2022 is primarily due to the Calspan acquisition and also receipt of advance payments. For the thirty-nine week period ended July 1, 2023, the revenue recognized that was previously included in contract liabilities was not material. Refer to Note 14, “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 and supportable forward-looking 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 July 1, 2023 and September 30, 2022, the allowance for uncollectible accounts was $34 million and $35 million, respectively. 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	9 Months Ended
EARNINGS PER SHARE	Jul. 01, 2023
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 Thirty-Nine Week Periods Ended July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 Numerator for earnings per share: Income from continuing operations $ 352 $ 239 $ 885 $ 601 Less: Net income attributable to noncontrolling interests (1) (1) (2) (2) Net income from continuing operations attributable to TD Group 351 238 883 599 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 $ 351 $ 238 $ 845 $ 554 Denominator for basic and diluted earnings per share under the two-class method: Weighted-average common shares outstanding 55.0 54.4 54.7 55.0 Vested options deemed participating securities 2.2 3.6 2.4 3.7 Total shares for basic and diluted earnings per share 57.2 58.0 57.1 58.7 Earnings per share from continuing operations—basic and diluted $ 6.14 $ 4.10 $ 14.80 $ 9.42 Earnings per share from discontinued operations—basic and diluted — — — 0.02 Earnings per share $ 6.14 $ 4.10 $ 14.80 $ 9.44

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM	9 Months Ended
STOCK REPURCHASE PROGRAM	Jul. 01, 2023
Equity [Abstract]
STOCK REPURCHASE PROGRAM	STOCK REPURCHASE PROGRAM On January 27, 2022, the Board of Directors of the Company (the “Board”) authorized a new stock repurchase program to permit repurchases of its outstanding common stock not to exceed $2,200 million in the aggregate (the “$2,200 million stock repurchase program”), replacing the $650 million stock repurchase program previously authorized by the Board on November 8, 2017, subject to any restrictions specified in the Second Amended and Restated Credit Agreement dated as of June 4, 2014, and/or Indentures governing the Company's existing Notes. There is no expiration date for this program. During the second and third quarters of fiscal 2022, the Company repurchased 1,490,413 shares of common stock at an average price of $612.13 per share for a total amount of $912 million. The repurchased shares of common stock are classified as treasury stock in the statement of changes in stockholders' deficit. N o repurchases were made under the program during the thirty-nine week period ended July 1,

INVENTORIES

INVENTORIES	9 Months Ended
INVENTORIES	Jul. 01, 2023
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): July 1, 2023 September 30, 2022 Raw materials and purchased component parts $ 1,133 $ 959 Work-in-progress 453 359 Finished goods 228 210 Total 1,814 1,528 Reserves for excess and obsolete inventory (211) (196) Inventories—Net $ 1,603 $ 1,332

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
INTANGIBLE ASSETS	Jul. 01, 2023
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): July 1, 2023 September 30, 2022 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Trademarks & trade names $ 1,055 $ — $ 1,055 $ 990 $ — $ 990 Technology 2,195 864 1,331 2,054 780 1,274 Order backlog 17 7 10 7 3 4 Customer relationships 674 130 544 580 104 476 Other 10 5 5 9 3 6 Total $ 3,951 $ 1,006 $ 2,945 $ 3,640 $ 890 $ 2,750 The aggregate amortization expense on identifiable intangible assets is approximately $37 million and $33 million for the thirteen week periods ended July 1, 2023 and July 2, 2022, respectively, and $105 million and $102 million for the thirty-nine week periods ended July 1, 2023 and July 2, 2022, respectively. As disclosed in Note 3, “Acquisitions,” the estimated fair value of the net identifiable tangible and intangible assets acquired is based on the acquisition method of accounting and is subject to adjustment upon completion of the third-party valuation for certain acquisitions. Material adjustments may occur. The fair value of the net identifiable tangible and intangible assets acquired will be finalized within the measurement period (not to exceed one year). Intangible assets acquired during the thirty-nine week period ended July 1, 2023 are summarized in the table below (in millions): Gross Amount Amortization Period Intangible assets not subject to amortization: Goodwill $ 373 Trademarks and trade names 53 426 Intangible assets subject to amortization: Technology 108 20 years Order backlog 10 1.5 years Customer relationships 76 20 years 194 Total $ 620 The following is a summary of changes in the carrying value of goodwill by segment from September 30, 2022 through July 1, 2023 (in millions): Power & Control Airframe Non-aviation Total Balance at September 30, 2022 $ 4,155 $ 4,393 $ 93 $ 8,641 Goodwill acquired during the period (Note 3) 6 367 — 373 Purchase price allocation adjustments (1) 4 3 — 7 Currency translation adjustments and other 33 87 — 120 Balance at July 1, 2023 $ 4,198 $ 4,850 $ 93 $ 9,141 (1) Primarily related to opening balance sheet adjustments recorded from the series of acquisitions completed during fiscal year 2022 by the Company's Extant Aerospace subsidiary (Power & Control) and the acquisition of DART (Airframe). 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 have assessed the changes in events and circumstances through the third quarter of fiscal 2023 and concluded that no triggering events occurred that required interim quantitative testing.

DEBT

DEBT	9 Months Ended
DEBT	Jul. 01, 2023
Debt Disclosure [Abstract]
DEBT	DEBT The Company’s debt consists of the following (in millions): July 1, 2023 Gross Amount Debt Issuance Costs Original Issue (Discount) or Premium Net Amount Short-term borrowings—trade receivable securitization facility $ 350 $ — $ — $ 350 Term loans $ 6,263 $ (23) $ (51) $ 6,189 6.375% senior subordinated notes due 2026 (“6.375% 2026 Notes”) 950 (3) — 947 6.875% senior subordinated notes due 2026 (“6.875% 2026 Notes”) 500 (3) (1) 496 6.25% secured notes due 2026 (“2026 Secured Notes”) 4,400 (28) 3 4,375 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 (13) — 2,637 6.75% secured notes due 2028 (“2028 Secured Notes”) 2,100 (19) (11) 2,070 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 (5) — 745 Government refundable advances 22 — — 22 Finance lease obligations 195 — — 195 19,580 (105) (60) 19,415 Less: current portion 67 — — 67 Long-term debt $ 19,513 $ (105) $ (60) $ 19,348 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 8.00% secured notes due 2025 (“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 $199 million and $170 million as of July 1, 2023 and September 30, 2022, respectively. Amendment No. 10, Loan Modification Agreement and Refinancing Facility Agreement – On December 14, 2022, the Company entered into Amendment No. 10, Loan Modification Agreement and Refinancing Facility Agreement (herein, “Amendment No. 10”) to the Second Amended and Restated Credit Agreement dated as of June 4, 2014 (the “Credit Agreement”). 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 Tranche H term loans bear interest at Term SOFR plus 3.25% compared to the former Tranche G term loans which bore interest at LIBOR plus 2.25%. The Tranche H term loans were issued at a discount of 2.00%, or approximately $34.5 million. 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. The Company expensed $4.6 million of refinancing costs associated with the refinancing during the thirty-nine week period ended July 1, 2023. 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 thirty-nine week period ended July 1, 2023. Amendment No. 11, Loan Modification Agreement and Refinancing Facility Agreement – On February 24, 2023, the Company entered into Amendment No. 11, Loan Modification Agreement and Refinancing Facility Agreement (herein, “Amendment No. 11”) to the Credit Agreement. Under the terms of Amendment No. 11, the Company, among other things, repaid in full its existing approximately $2,149 million in Tranche E term loans maturing May 30, 2025 and approximately $3,410 million in Tranche F term loans maturing December 9, 2025 and replaced such loans with approximately $4,559 million in Tranche I term loans maturing August 24, 2028 and the $1,000 million 2028 Secured Notes further described below. The Tranche I term loans bear interest at Term SOFR plus 3.25% compared to the former Tranche E and Tranche F term loans which bore interest at LIBOR plus 2.25%. The Tranche I term loans were issued at a discount of 0.25%, or approximately $11.4 million. The Tranche I term loans were fully drawn on February 24, 2023 and the other terms and conditions that apply to the Tranche I term loans are substantially the same as the terms and conditions that applied to the term loans immediately prior to Amendment No. 11. The Company expensed $9.2 million of refinancing costs associated with the refinancing during the thirty-nine week period ended July 1, 2023. Additionally, the Company wrote-off $0.1 million in unamortized debt issuance costs and $0.1 million of original issue discount related to the Tranche I terms loans during the thirty-nine week period ended July 1, 2023. Amendment No. 12 to the Second Amended and Restated Credit Agreement – On June 16, 2023, the Company entered into Amendment No. 12 to the Second Amended and Restated Credit Agreement (herein, “Amendment No. 12”). Under the terms of Amendment No. 12, the Company, among other things, removed the option to utilize LIBOR as a benchmark rate for any revolving loans and all future loans under the Credit Agreement and replaced such rate with Term SOFR for all dollar denominated loans and with Euro Interbank Offered Rate (“EURIBOR”) for all euro denominated revolving loans. Issuance of $1,000 million Senior Secured Notes due 2028 – On February 24, 2023, the Company entered into a purchase agreement in connection with a private offering of $1,000 million in aggregate principal amount of 6.75% senior secured notes due 2028 (the “$1,000 million 2028 Secured Notes”) at an issue price of 100% of the principal amount. The $1,000 million 2028 Secured Notes were issued pursuant to an indenture, dated as of February 24, 2023, amongst TransDigm, as issuer, TransDigm Group, TransDigm UK and the other subsidiaries of TransDigm named therein, as guarantors. The $1,000 million 2028 Secured Notes are secured by a first-priority security interest in substantially all the assets of TransDigm, TransDigm Group, TransDigm UK and each other guarantor on an equal and ratable basis with any other existing and future senior secured debt, including indebtedness under the Company's senior secured credit facilities and 2026 Secured Notes. The proceeds were used, along with the proceeds from the Tranche I term loans further described above, to repurchase the Tranche E and Tranche F term loans. The $1,000 million 2028 Secured Notes bear interest at a rate of 6.75% per annum, which accrues from February 24, 2023 and is payable semiannually in arrears on February 15th and August 15th of each year, commencing on August 15, 2023. The $1,000 million 2028 Secured Notes mature on August 15, 2028, unless earlier redeemed or repurchased, and are subject to the terms and conditions set forth in the indenture. The Company capitalized $9.8 million in debt issuance costs associated with the $1,000 million 2028 Secured Notes during the thirty-nine week period ended July 1, 2023. Issuance of $1,100 million Senior Secured Notes due 2028 – On March 9, 2023, the Company entered into a purchase agreement in connection with a private offering of $1,100 million in aggregate principal amount of 6.75% senior secured notes due 2028 (the “$1,100 million 2028 Secured Notes”) at an issue price of 99% of the principal amount, which represents an approximately $11.0 million discount. The $1,100 million 2028 Secured Notes are an additional issuance of the Company's existing $1,000 million 2028 Secured Notes (collectively, the “2028 Secured Notes”), and were issued under the indenture dated as of February 24, 2023 pursuant to which the Company previously issued $1,000 million 2028 Secured Notes and a supplemental indenture dated as of March 9, 2023. The $1,100 million 2028 Secured Notes are the same class and series as, and otherwise identical to, the $1,000 million 2028 Secured Notes other than with respect to the date of issuance and issue price. The $1,100 million 2028 Secured Notes bear interest at a rate of 6.75% per annum, which accrues from February 24, 2023 and is payable semiannually in arrears on February 15th and August 15th of each year, commencing on August 15, 2023. The $1,100 million 2028 Secured Notes mature on August 15, 2028, unless earlier redeemed or repurchased, and are subject to the terms and conditions set forth in the indentures. The Company capitalized $11.5 million in debt issuance costs associated with the $1,100 million 2028 Secured Notes during the thirty-nine week period ended July 1, 2023. Redemption of Senior Secured Notes due 2025 – On April 10, 2023, the Company redeemed all $1,100 million aggregate principal amount of its outstanding 2025 Secured Notes at a redemption price of 102.00% of the principal amount thereof, plus accrued and unpaid interest thereon to, but not including, the redemption date, using the net proceeds of the offering of the $1,100 million 2028 Secured Notes, together with cash on hand. In connection with the redemption of the 2025 Secured Notes, the Company paid accrued interest of approximately $1.7 million and an early redemption premium of $22.0 million associated with the 2025 Secured Notes. The Company recorded refinancing costs of $27.0 million, consisting primarily of the $22.0 million early redemption premium and the write off of $4.8 million in unamortized debt issuance costs during the thirty-nine week period ended July 1, 2023 in conjunction with the redemption of the 2025 Secured Notes. Subsequent Event – Trade Receivables Securitization Facility – On July 25, 2023, the Company amended the Trade Receivables Securitization Facility (“Securitization Facility”) to, among other things, increase the borrowing capacity from $350 million to $450 million and extend the maturity date to July 25, 2024 at an interest rate of Term SOFR plus 1.60%, compared to an interest rate of Term SOFR plus 1.30% that applied prior to the amendment. The total drawn on the Securitization Facility remains at $350 million. The Securitization Facility is collateralized by substantially all of the Company's domestic operations' trade accounts receivable. 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 July 1, 2023 and September 30, 2022, the outstanding balance of these advances was $22 million and $23 million, respectively. Obligations under Finance Leases – The Company leases certain buildings and equipment under finance leases. The present value of the minimum finance lease payments, net of the current portion, represents a balance of $195 million and $146 million at July 1, 2023 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 17, “Leases,” for further disclosure of the Company's lease obligations.

INCOME TAXES

INCOME TAXES	9 Months Ended
INCOME TAXES	Jul. 01, 2023
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 July 1, 2023 and July 2, 2022, the effective income tax rate was 24.9% and 23.4%, respectively. During the thirty-nine week periods ended July 1, 2023 and July 2, 2022, the effective income tax rate was 24.1% and 21.5%, respectively. The Company’s higher effective income tax rate for the thirteen and thirty-nine week period ended July 1, 2023, which was also higher than the federal statutory tax rate of 21%, was 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 July 1, 2023 and September 30, 2022, the recognition of which would have an impact on the effective tax rate for each fiscal year, amounted to $14.9 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 and thirty-nine week periods ended July 1, 2023 and July 2, 2022. As of July 1, 2023 and September 30, 2022, the Company accrued $5.2 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	9 Months Ended
FAIR VALUE MEASUREMENTS	Jul. 01, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTSThe following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The following summarizes the carrying amounts and fair values of financial instruments (in millions): July 1, 2023 September 30, 2022 Level Carrying Fair Value Carrying Fair Value Assets: Cash and cash equivalents 1 $ 3,071 $ 3,071 $ 3,001 $ 3,001 Interest rate swap agreements (1) 2 110 110 77 77 Interest rate swap agreements (2) 2 45 45 68 68 Interest rate cap agreement (2) 2 55 55 50 50 Interest rate collar agreements (2) 2 10 10 — — Liabilities: Foreign currency forward exchange contracts (3) 2 1 1 11 11 Interest rate cap agreement (4) 2 1 1 — — Interest rate swap agreements (4) 2 4 4 — — Short-term borrowings - trade receivable securitization facility (5) 2 350 350 350 350 Long-term debt, including current portion: Term loans (5) 2 6,189 6,223 7,256 6,976 2025 Secured Notes (5) 1 — — 1,094 1,115 6.375% 2026 Notes (5) 1 947 935 946 884 6.875% 2026 Notes (5) 1 496 496 495 473 2026 Secured Notes (5) 1 4,375 4,378 4,368 4,257 7.50% 2027 Notes (5) 1 547 550 547 524 5.50% 2027 Notes (5) 1 2,637 2,498 2,635 2,286 2028 Secured Notes (5) 1 2,070 2,108 — — 4.625% 2029 Notes (5) 1 1,192 1,065 1,191 966 4.875% 2029 Notes (5) 1 745 668 744 606 Government refundable advances 2 22 22 23 23 Finance lease obligations 2 195 195 146 146 (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) Included in other non-current liabilities on the condensed consolidated balance sheets. (5) The carrying amount of the debt instrument is presented net of debt issuance costs, premium and discount. Refer to Note 10, “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). The Company’s derivatives consist of interest rate swap, cap and collar agreements and foreign currency exchange contracts. The fair values of the interest rate swap, cap and collar agreements were derived by taking the net present value of the expected cash flows using observable market inputs (Level 2) such as LIBOR or SOFR rate curves, futures, volatilities and basis spreads (when applicable). The fair values of the foreign currency exchange contracts were derived by using Level 2 inputs based on observable spot and forward exchange rates in active markets. 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 material impact to the fair value of derivative assets based on the Company's evaluation of counterparties' credit risks. The estimated fair value of the Company’s term loans was based on information provided by the agent under the Company’s Credit Agreement. The estimated fair values of the Company’s notes were based upon quoted market prices. 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 July 1, 2023 and September 30, 2022.

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	9 Months Ended
DERIVATIVES AND HEDGING ACTIVITIES	Jul. 01, 2023
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, cap and collar counterparties that contain a provision whereby if the Company defaults on the Credit Agreement, the Company could also be declared in default on its swaps, cap and collars resulting in an acceleration of payment under the swaps, cap and collars. 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, Cap and Collar Agreements – Interest rate swap, cap and collar agreements are used to manage interest rate risk associated with floating rate borrowings (such as our term loans - see Note 10, “ Debt ” ) under our Credit Agreement. 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. The agreements utilized by the Company effectively modify the Company’s exposure to interest rate risk by converting a portion of the Company’s floating rate debt to a fixed rate basis from the effective date through the maturity date of the respective interest rate swap, cap and collar agreements, thereby reducing the impact of interest rate movements on future interest expense. Prior to amending the Credit Agreement (as disclosed in Note 10, “Debt”), the Company was exposed to floating rates of LIBOR via the term loans' benchmark interest rate. During the second quarter of fiscal 2023, in connection with the amendment of the Credit Agreement impacting the term loans, we entered into LIBOR to Term SOFR basis interest rate swap and cap transactions to effectively convert our existing swaps and cap from LIBOR-based to Term SOFR-based. The basis swaps and cap offset the LIBOR exposure of the existing swaps and cap and effectively fix the Term SOFR rate for the notional amount. We also entered into forward starting interest rate collar agreements during the second quarter of fiscal 2023. The interest rate collar agreements establish a range where we will pay the counterparties if the three-month Term SOFR rate falls below the established floor rate of 2.0%, and the counterparties will pay us if the three-month Term SOFR rate exceeds the ceiling rate of 3.5%. The collar will settle quarterly from the effective date through the maturity date. No payments or receipts will be exchanged on the interest rate collar contracts unless interest rates rise above or fall below the contracted ceiling or floor rates. The tables below summarize the key terms of the swaps, cap and collars as of July 1, 2023 (aggregated by effective date). Interest rate swap agreements: Aggregate Notional Amount (in millions) Effective Date Maturity Date Conversion of Related Variable Rate Debt subject to Term SOFR to Fixed Rate of: $400 3/31/2023 6/28/2024 6.25% (3.0% plus the 3.25% margin percentage) $900 3/31/2023 6/28/2024 6.35% (3.1% plus the 3.25% margin percentage) $500 3/31/2023 3/31/2025 6.25% (3.0% plus the 3.25% margin percentage) $1,500 3/31/2023 3/31/2025 6.35% (3.1% plus the 3.25% margin percentage) $700 3/31/2023 9/30/2025 4.55% (1.3% plus the 3.25% margin percentage) Interest rate cap agreement: Aggregate Notional Amount (in millions) Effective Date Maturity Date Offsets Variable Rate Debt Attributable to Fluctuations Above: $700 3/31/2023 9/30/2025 Three-month Term SOFR rate of 1.25% Interest rate collar agreements: Aggregate Notional Amount (in millions) Effective Date Maturity Date Offsets Variable Rate Debt Attributable to Fluctuations Below and Above: $1,100 3/31/2025 9/30/2026 Three-month Term SOFR rate of 2.00% (floor) and 3.50% (cap) $500 9/30/2025 9/30/2026 Three-month Term SOFR rate of 2.00% (floor) and 3.50% (cap) These derivative instruments qualify as effective cash flow hedges under U.S. GAAP. For the LIBOR to Term SOFR basis interest rate swap and cap agreements referenced above, we applied the practical expedients permissible under ASC 848 to continue hedge accounting for our existing swaps and cap as effective cash flow hedges. For our cash flow hedges, the effective portion of the gain or loss from the financial instruments is 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 affects earnings. As the interest rate swap, cap and collar 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. Cash flows related to the derivative contracts are included in cash flows from operating activities on the condensed consolidated statements of cash flows. 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): July 1, 2023 September 30, 2022 Asset Liability Asset Liability Interest rate cap agreement $ 55 $ 1 $ 50 $ — Interest rate collar agreements 10 — — — Interest rate swap agreements 155 4 145 — Net derivatives as classified in the condensed consolidated balance sheets (1) $ 220 $ 5 $ 195 $ — (1) Refer to Note 12, “Fair Value Measurements,” for the condensed consolidated balance sheets classification of the Company's interest rate swap, cap and collar agreements. Based on the fair value amounts determined as of July 1, 2023, the estimated net amount of existing (gains) and losses and caplet amortization expected to be reclassified into interest expense-net within the next 12 months is approximately $(107.3) million. Foreign Currency Forward Exchange Contracts – The Company transacts business in various foreign currencies, which subjects the Company’s cash flows and earnings to exposure related to changes in foreign currency exchange rates. These exposures arise primarily from purchases or sales of products and services from third parties. Foreign currency forward exchange contracts provide for the purchase or sale of foreign currencies at specified future dates at specified exchange rates, and are used to offset changes in the fair value of certain assets or liabilities or forecasted cash flows resulting from transactions denominated in foreign currencies. At July 1, 2023, the Company has outstanding foreign currency forward exchange contracts to sell U.S. dollars with notional amounts of $218.4 million. The maximum duration of the Company’s foreign currency cash flow hedge contracts at July 1, 2023 is 15 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 thirty-nine week period ended July 1, 2023, the losses reclassified on settlements of foreign currency forward exchange contracts designated as cash flow hedges into net sales was approximately $2.4 million. The losses were previously recorded as a component of accumulated other comprehensive loss in stockholders' deficit. As of July 1, 2023, the Company expects to record a net loss of approximately $0.9 million on foreign currency forward exchange contracts designated as cash flow hedges to net sales over the next 12 months.

SEGMENTS

SEGMENTS	9 Months Ended
SEGMENTS	Jul. 01, 2023
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, parachutes and specialized flight, wind tunnel and jet engine testing services and equipment. 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 Thirty-Nine Week Periods Ended July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 Net sales to external customers Power & Control Commercial and non-aerospace OEM $ 179 $ 155 $ 497 $ 443 Commercial and non-aerospace aftermarket 272 221 793 625 Defense 410 361 1,112 1,027 Total Power & Control 861 737 2,402 2,095 Airframe Commercial and non-aerospace OEM 254 194 691 514 Commercial and non-aerospace aftermarket 307 202 810 551 Defense 274 224 703 640 Total Airframe 835 620 2,204 1,705 Total Non-aviation 48 41 127 119 Net Sales $ 1,744 $ 1,398 $ 4,733 $ 3,919 The following table reconciles EBITDA As Defined by segment to consolidated income from continuing operations before income taxes (in millions): Thirteen Week Periods Ended Thirty-Nine Week Periods Ended July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 EBITDA As Defined Power & Control $ 487 $ 398 $ 1,341 $ 1,100 Airframe 417 292 1,101 791 Non-aviation 21 16 52 45 Total segment EBITDA As Defined 925 706 2,494 1,936 Less: Unallocated corporate EBITDA As Defined 10 10 62 42 Total Company EBITDA As Defined 915 696 2,432 1,894 Depreciation and amortization expense 70 61 199 188 Interest expense, net 291 269 872 799 Acquisition and divestiture transaction-related expenses 6 5 12 13 Non-cash stock and deferred compensation expense 53 47 131 129 Refinancing costs 32 — 41 — Other, net (6) 2 11 (1) Income from continuing operations before income taxes $ 469 $ 312 $ 1,166 $ 766 The following table presents total assets by segment (in millions): July 1, 2023 September 30, 2022 Total assets Power & Control $ 7,292 $ 6,994 Airframe 8,991 7,781 Non-aviation 237 238 Corporate 3,035 3,094 $ 19,555 $ 18,107

RETIREMENT PLANS

RETIREMENT PLANS	9 Months Ended
RETIREMENT PLANS	Jul. 01, 2023
Retirement Benefits [Abstract]
RETIREMENT PLANS	RETIREMENT PLANS The Company maintains certain non-contributory defined benefit pension plans (collectively, referred to as the “pension plans”) covering eligible employees in the U.S. and in other certain countries such as Canada, France, Germany and the United Kingdom and also sponsors other post-retirement pension plans for its employees in the U.S. and in Canada (collectively, referred to as the “post-retirement pension plans”) The components of net periodic pension benefit cost (income) for the pension plans consisted of the following (in millions): Thirteen Week Periods Ended Thirty-Nine Week Periods Ended July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 U.S. Pension Plans Non-U.S. Pension Plans U.S. Pension Plans Non-U.S. Pension Plans U.S. Pension Plans Non-U.S. Pension Plans U.S. Pension Plans Non-U.S. Pension Plans Service cost $ — $ 1 $ — $ 1 $ — $ 2 $ — $ 3 Interest cost — 2 1 1 — 6 4 3 Expected return on plan assets — (2) (2) (1) — (6) (6) (5) Amortization of net loss — — — — — 1 — 1 Settlement (gain) loss (1) (9) — 21 — (8) — 21 — Net periodic pension benefit cost (income) $ (9) $ 1 $ 20 $ 1 $ (8) $ 3 $ 19 $ 2 (1) Effective June 30, 2021, the Company terminated the Esterline Retirement Plan (the “ERP”) in accordance with regulatory requirements. During the third quarter of fiscal 2022, the Company transferred the remaining benefit obligations to an insurance company in order to purchase a group annuity contract. In connection with the transfer, a settlement loss of approximately $21 million was recorded as a component of other (income) expense in the condensed consolidated statements of income for the thirteen and thirty-nine week periods ended July 2, 2022. Upon the finalization of the group annuity purchase funding in fiscal 2023, a settlement (gain) of approximately $(9) million and $(8) million was recorded as a component of other (income) expense in the condensed consolidated statements of income for the thirteen and thirty-nine week periods ended July 1, 2023. Net periodic pension benefit cost for the post-retirement pension plans was less than $1 million for the thirteen and thirty-nine week periods ended July 1, 2023 and July 2, 2022, respectively. The components of net periodic pension benefit cost other than service cost are included in other (income) expense in the condensed consolidated statements of income.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS	Jul. 01, 2023
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 thirty-nine week periods ended July 1, 2023 and July 2, 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 (4) 26 — 211 237 Balance at July 1, 2023 $ 149 $ (10) $ (169) $ (30) Balance at September 30, 2021 $ (229) $ (18) $ (1) $ (248) Net current-period other comprehensive income (loss) (4) 252 6 (208) 50 Balance at July 2, 2022 $ 23 $ (12) $ (209) $ (198) (1) Represents unrealized gains (losses) on derivatives designated and qualifying as cash flow hedges, net of taxes, of $10.9 million and $7.9 million for the thirteen week periods ended July 1, 2023 and July 2, 2022, respectively, and $9.7 million and $77.8 million for the thirty-nine week periods ended July 1, 2023 and July 2, 2022, respectively. (2) For the thirteen and thirty-nine week periods ended July 2, 2022, pension liability adjustments, net of taxes, of $1.4 million represents unrecognized actuarial losses reclassified to other (income) expense upon the settlement of the ERP. 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 and thirty-nine week periods ended July 1, 2023. (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. (4) Presented net of reclassifications out of AOCI into earnings, specifically interest expense - net, for realized gains (losses) on derivatives designated and qualifying as cash flow hedges of $41.9 million (net of taxes of $12.9 million) and $(64.7) million (net of taxes of $(19.9) million) for the thirty-nine week periods ended July 1, 2023 and July 2, 2022, respectively.

LEASES

LEASES	9 Months Ended
LEASES	Jul. 01, 2023
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 Thirty-Nine Week Periods Ended Classification July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 Operating lease cost Cost of sales or selling and administrative expenses $ 5 $ 6 $ 15 $ 18 Finance lease cost Amortization of leased assets Cost of sales 2 2 7 4 Interest on lease liabilities Interest expense - net 3 3 10 7 Total lease cost $ 10 $ 11 $ 32 $ 29 Supplemental cash flow information related to leases is as follows (in millions): Thirty-Nine Week Periods Ended July 1, 2023 July 2, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 16 $ 18 Operating cash outflows from finance leases 7 6 Financing cash outflows from finance leases 4 2 Lease assets obtained in exchange for new lease obligations: Operating leases $ 14 $ 18 Financing leases 48 34 Supplemental balance sheet information related to leases is as follows (in millions): Classification July 1, 2023 September 30, 2022 Operating Leases Operating lease right-of-use assets Other non-current assets $ 66 $ 85 Current operating lease liabilities Accrued and other current liabilities 16 18 Long-term operating lease liabilities Other non-current liabilities 53 71 Total operating lease liabilities $ 69 $ 89 Finance Leases Finance lease right-of-use assets, net Property, plant and equipment - net $ 180 $ 137 Current finance lease liabilities Current portion of long-term debt 5 2 Long-term finance lease liabilities Long-term debt 190 144 Total finance lease liabilities $ 195 $ 146 As of July 1, 2023, the Company has the following remaining lease term and weighted average discount rates: Weighted-average remaining lease term Operating leases 5.7 years Finance leases 20.2 years Weighted-average discount rate Operating leases 6.0% Finance leases 7.0% Maturities of lease liabilities at July 1, 2023 are as follows (in millions): Operating Leases Finance Leases 2023 $ 5 $ 4 2024 19 16 2025 17 17 2026 13 17 2027 10 17 Thereafter 19 315 Total future minimum lease payments 83 386 Less: imputed interest 14 191 Present value of lease liabilities reported $ 69 $ 195
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 Thirty-Nine Week Periods Ended Classification July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 Operating lease cost Cost of sales or selling and administrative expenses $ 5 $ 6 $ 15 $ 18 Finance lease cost Amortization of leased assets Cost of sales 2 2 7 4 Interest on lease liabilities Interest expense - net 3 3 10 7 Total lease cost $ 10 $ 11 $ 32 $ 29 Supplemental cash flow information related to leases is as follows (in millions): Thirty-Nine Week Periods Ended July 1, 2023 July 2, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 16 $ 18 Operating cash outflows from finance leases 7 6 Financing cash outflows from finance leases 4 2 Lease assets obtained in exchange for new lease obligations: Operating leases $ 14 $ 18 Financing leases 48 34 Supplemental balance sheet information related to leases is as follows (in millions): Classification July 1, 2023 September 30, 2022 Operating Leases Operating lease right-of-use assets Other non-current assets $ 66 $ 85 Current operating lease liabilities Accrued and other current liabilities 16 18 Long-term operating lease liabilities Other non-current liabilities 53 71 Total operating lease liabilities $ 69 $ 89 Finance Leases Finance lease right-of-use assets, net Property, plant and equipment - net $ 180 $ 137 Current finance lease liabilities Current portion of long-term debt 5 2 Long-term finance lease liabilities Long-term debt 190 144 Total finance lease liabilities $ 195 $ 146 As of July 1, 2023, the Company has the following remaining lease term and weighted average discount rates: Weighted-average remaining lease term Operating leases 5.7 years Finance leases 20.2 years Weighted-average discount rate Operating leases 6.0% Finance leases 7.0% Maturities of lease liabilities at July 1, 2023 are as follows (in millions): Operating Leases Finance Leases 2023 $ 5 $ 4 2024 19 16 2025 17 17 2026 13 17 2027 10 17 Thereafter 19 315 Total future minimum lease payments 83 386 Less: imputed interest 14 191 Present value of lease liabilities reported $ 69 $ 195

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Jul. 01, 2023
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. On July 3, 2023, the settlement amount of the attorneys' fees was approved. 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 did not have a material adverse impact on the Company’s financial statements. DOD OIG Audit – TransDigm’s subsidiaries are periodically subject to pricing reviews and gover nment 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.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended						9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jul. 01, 2023	Apr. 01, 2023	Dec. 31, 2022	Jul. 02, 2022	Apr. 02, 2022	Jan. 01, 2022	Jul. 01, 2023	Jul. 02, 2022
Pay vs Performance Disclosure
NET INCOME ATTRIBUTABLE TO TD GROUP	$ 351	$ 304	$ 228	$ 238	$ 199	$ 163	$ 883	$ 600

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
Insider Trading Arrangements	Jul. 01, 2023 shares	Jul. 01, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On June 2, 2023, Sarah Wynne, the Company’s Chief Financial Officer, terminated a “Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K) for the sale of 5,420 shares of common stock issuable upon the exercise of vested options. On June 8, 2023, Ms. Wynne entered into a new Rule 10b5-1 trading arrangement for the sale of 5,420 shares of common stock issuable upon the exercise of vested options intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act, which Rule 10b5-1 trading arrangement is scheduled to terminate no later than October 31, 2024.
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	true
Non-Rule 10b5-1 Arrangement Terminated	false
Termination Date	June 2, 2023
Sarah Wynne [Member]
Trading Arrangements, by Individual
Name	Sarah Wynne
Title	Chief Financial Officer
Adoption Date	June 8, 2023
Arrangement Duration	511 days
Aggregate Available	5,420	5,420

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
ACQUISITIONS (Tables)	Jul. 01, 2023
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The allocation of the estimated fair value of assets acquired and liabilities assumed in the Calspan acquisition as of the May 8, 2023 acquisition date is summarized in the table below (in millions): Assets acquired (excluding cash): Trade accounts receivable $ 39 Inventories 2 Prepaid expenses and other 40 Property, plant and equipment 105 Goodwill 367 (1) Other intangible assets 243 (1) Other non-current assets 7 Total assets acquired (excluding cash) 803 Liabilities assumed: Accounts payable 10 Accrued and other current liabilities 50 Deferred income taxes 8 Other non-current liabilities 6 Total liabilities assumed 74 Net assets acquired $ 729 (1) Based on the preliminary allocation of the net assets acquired, the Company expects that at least 80% of both the approximately $367 million of goodwill and $243 million of other intangible assets recognized for the acquisition will be deductible for tax purposes. The goodwill and intangible assets will be deductible over 15 years. The final allocation of the fair value of assets acquired and liabilities assumed in the DART acquisition as of the acquisition date, as well as measurement period adjustments recorded within the permissible one year measurement period, are summarized in the table below (in millions): Preliminary Measurement Period Final Allocation Adjustments (2) Allocation Assets acquired (excluding cash): Trade accounts receivable $ 16 $ (2) $ 14 Inventories 33 (1) 32 Prepaid expenses and other 4 — 4 Property, plant and equipment 9 — 9 Goodwill 236 (31) 205 (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 — 35 Other non-current liabilities 8 9 17 Total liabilities assumed 58 12 70 Net assets acquired $ 360 $ (1) $ 359 (1) None of the approximately $205 million of goodwill and $148 million of other intangible assets recognized for the acquisition is 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)	9 Months Ended
REVENUE RECOGNITION (Tables)	Jul. 01, 2023
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): July 1, 2023 September 30, 2022 Contract assets, current (1) $ 185 $ 119 Contract assets, non-current (2) 1 1 Total contract assets 186 120 Contract liabilities, current (3) 79 45 Contract liabilities, non-current (4) 8 9 Total contract liabilities 87 54 Net contract assets $ 99 $ 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)	9 Months Ended
EARNINGS PER SHARE (Tables)	Jul. 01, 2023
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 Thirty-Nine Week Periods Ended July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 Numerator for earnings per share: Income from continuing operations $ 352 $ 239 $ 885 $ 601 Less: Net income attributable to noncontrolling interests (1) (1) (2) (2) Net income from continuing operations attributable to TD Group 351 238 883 599 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 $ 351 $ 238 $ 845 $ 554 Denominator for basic and diluted earnings per share under the two-class method: Weighted-average common shares outstanding 55.0 54.4 54.7 55.0 Vested options deemed participating securities 2.2 3.6 2.4 3.7 Total shares for basic and diluted earnings per share 57.2 58.0 57.1 58.7 Earnings per share from continuing operations—basic and diluted $ 6.14 $ 4.10 $ 14.80 $ 9.42 Earnings per share from discontinued operations—basic and diluted — — — 0.02 Earnings per share $ 6.14 $ 4.10 $ 14.80 $ 9.44

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
INVENTORIES (Tables)	Jul. 01, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories consist of the following (in millions): July 1, 2023 September 30, 2022 Raw materials and purchased component parts $ 1,133 $ 959 Work-in-progress 453 359 Finished goods 228 210 Total 1,814 1,528 Reserves for excess and obsolete inventory (211) (196) Inventories—Net $ 1,603 $ 1,332

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended
INTANGIBLE ASSETS (Tables)	Jul. 01, 2023
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): July 1, 2023 September 30, 2022 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Trademarks & trade names $ 1,055 $ — $ 1,055 $ 990 $ — $ 990 Technology 2,195 864 1,331 2,054 780 1,274 Order backlog 17 7 10 7 3 4 Customer relationships 674 130 544 580 104 476 Other 10 5 5 9 3 6 Total $ 3,951 $ 1,006 $ 2,945 $ 3,640 $ 890 $ 2,750
Summary of Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	Intangible assets acquired during the thirty-nine week period ended July 1, 2023 are summarized in the table below (in millions): Gross Amount Amortization Period Intangible assets not subject to amortization: Goodwill $ 373 Trademarks and trade names 53 426 Intangible assets subject to amortization: Technology 108 20 years Order backlog 10 1.5 years Customer relationships 76 20 years 194 Total $ 620
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 July 1, 2023 (in millions): Power & Control Airframe Non-aviation Total Balance at September 30, 2022 $ 4,155 $ 4,393 $ 93 $ 8,641 Goodwill acquired during the period (Note 3) 6 367 — 373 Purchase price allocation adjustments (1) 4 3 — 7 Currency translation adjustments and other 33 87 — 120 Balance at July 1, 2023 $ 4,198 $ 4,850 $ 93 $ 9,141 (1) Primarily related to opening balance sheet adjustments recorded from the series of acquisitions completed during fiscal year 2022 by the Company's Extant Aerospace subsidiary (Power & Control) and the acquisition of DART (Airframe). Refer to Note 3, “Acquisitions,” for further information.

DEBT (Tables)

DEBT (Tables)	9 Months Ended
DEBT (Tables)	Jul. 01, 2023
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s debt consists of the following (in millions): July 1, 2023 Gross Amount Debt Issuance Costs Original Issue (Discount) or Premium Net Amount Short-term borrowings—trade receivable securitization facility $ 350 $ — $ — $ 350 Term loans $ 6,263 $ (23) $ (51) $ 6,189 6.375% senior subordinated notes due 2026 (“6.375% 2026 Notes”) 950 (3) — 947 6.875% senior subordinated notes due 2026 (“6.875% 2026 Notes”) 500 (3) (1) 496 6.25% secured notes due 2026 (“2026 Secured Notes”) 4,400 (28) 3 4,375 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 (13) — 2,637 6.75% secured notes due 2028 (“2028 Secured Notes”) 2,100 (19) (11) 2,070 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 (5) — 745 Government refundable advances 22 — — 22 Finance lease obligations 195 — — 195 19,580 (105) (60) 19,415 Less: current portion 67 — — 67 Long-term debt $ 19,513 $ (105) $ (60) $ 19,348 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 8.00% secured notes due 2025 (“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)	9 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Jul. 01, 2023
Fair Value Disclosures [Abstract]
Carrying Amounts and Fair Values of Financial Instruments	The following summarizes the carrying amounts and fair values of financial instruments (in millions): July 1, 2023 September 30, 2022 Level Carrying Fair Value Carrying Fair Value Assets: Cash and cash equivalents 1 $ 3,071 $ 3,071 $ 3,001 $ 3,001 Interest rate swap agreements (1) 2 110 110 77 77 Interest rate swap agreements (2) 2 45 45 68 68 Interest rate cap agreement (2) 2 55 55 50 50 Interest rate collar agreements (2) 2 10 10 — — Liabilities: Foreign currency forward exchange contracts (3) 2 1 1 11 11 Interest rate cap agreement (4) 2 1 1 — — Interest rate swap agreements (4) 2 4 4 — — Short-term borrowings - trade receivable securitization facility (5) 2 350 350 350 350 Long-term debt, including current portion: Term loans (5) 2 6,189 6,223 7,256 6,976 2025 Secured Notes (5) 1 — — 1,094 1,115 6.375% 2026 Notes (5) 1 947 935 946 884 6.875% 2026 Notes (5) 1 496 496 495 473 2026 Secured Notes (5) 1 4,375 4,378 4,368 4,257 7.50% 2027 Notes (5) 1 547 550 547 524 5.50% 2027 Notes (5) 1 2,637 2,498 2,635 2,286 2028 Secured Notes (5) 1 2,070 2,108 — — 4.625% 2029 Notes (5) 1 1,192 1,065 1,191 966 4.875% 2029 Notes (5) 1 745 668 744 606 Government refundable advances 2 22 22 23 23 Finance lease obligations 2 195 195 146 146 (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) Included in other non-current liabilities on the condensed consolidated balance sheets. (5) The carrying amount of the debt instrument is presented net of debt issuance costs, premium and discount. Refer to Note 10, “Debt,” for gross carrying amounts.

DERIVATIVES AND HEDGING ACTIV_2

DERIVATIVES AND HEDGING ACTIVITIES (Tables)	9 Months Ended
DERIVATIVES AND HEDGING ACTIVITIES (Tables)	Jul. 01, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	Interest rate swap agreements: Aggregate Notional Amount (in millions) Effective Date Maturity Date Conversion of Related Variable Rate Debt subject to Term SOFR to Fixed Rate of: $400 3/31/2023 6/28/2024 6.25% (3.0% plus the 3.25% margin percentage) $900 3/31/2023 6/28/2024 6.35% (3.1% plus the 3.25% margin percentage) $500 3/31/2023 3/31/2025 6.25% (3.0% plus the 3.25% margin percentage) $1,500 3/31/2023 3/31/2025 6.35% (3.1% plus the 3.25% margin percentage) $700 3/31/2023 9/30/2025 4.55% (1.3% plus the 3.25% margin percentage) Interest rate cap agreement: Aggregate Notional Amount (in millions) Effective Date Maturity Date Offsets Variable Rate Debt Attributable to Fluctuations Above: $700 3/31/2023 9/30/2025 Three-month Term SOFR rate of 1.25% Interest rate collar agreements: Aggregate Notional Amount (in millions) Effective Date Maturity Date Offsets Variable Rate Debt Attributable to Fluctuations Below and Above: $1,100 3/31/2025 9/30/2026 Three-month Term SOFR rate of 2.00% (floor) and 3.50% (cap) $500 9/30/2025 9/30/2026 Three-month Term SOFR rate of 2.00% (floor) and 3.50% (cap)
Schedule of Interest Rate Derivatives	July 1, 2023 September 30, 2022 Asset Liability Asset Liability Interest rate cap agreement $ 55 $ 1 $ 50 $ — Interest rate collar agreements 10 — — — Interest rate swap agreements 155 4 145 — Net derivatives as classified in the condensed consolidated balance sheets (1) $ 220 $ 5 $ 195 $ —

SEGMENTS (Tables)

SEGMENTS (Tables)	9 Months Ended
SEGMENTS (Tables)	Jul. 01, 2023
Segment Reporting [Abstract]
Net Sales by Reportable Segments	The following table presents net sales by reportable segment (in millions): Thirteen Week Periods Ended Thirty-Nine Week Periods Ended July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 Net sales to external customers Power & Control Commercial and non-aerospace OEM $ 179 $ 155 $ 497 $ 443 Commercial and non-aerospace aftermarket 272 221 793 625 Defense 410 361 1,112 1,027 Total Power & Control 861 737 2,402 2,095 Airframe Commercial and non-aerospace OEM 254 194 691 514 Commercial and non-aerospace aftermarket 307 202 810 551 Defense 274 224 703 640 Total Airframe 835 620 2,204 1,705 Total Non-aviation 48 41 127 119 Net Sales $ 1,744 $ 1,398 $ 4,733 $ 3,919
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 Thirty-Nine Week Periods Ended July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 EBITDA As Defined Power & Control $ 487 $ 398 $ 1,341 $ 1,100 Airframe 417 292 1,101 791 Non-aviation 21 16 52 45 Total segment EBITDA As Defined 925 706 2,494 1,936 Less: Unallocated corporate EBITDA As Defined 10 10 62 42 Total Company EBITDA As Defined 915 696 2,432 1,894 Depreciation and amortization expense 70 61 199 188 Interest expense, net 291 269 872 799 Acquisition and divestiture transaction-related expenses 6 5 12 13 Non-cash stock and deferred compensation expense 53 47 131 129 Refinancing costs 32 — 41 — Other, net (6) 2 11 (1) Income from continuing operations before income taxes $ 469 $ 312 $ 1,166 $ 766
Total Assets by Segment	The following table presents total assets by segment (in millions): July 1, 2023 September 30, 2022 Total assets Power & Control $ 7,292 $ 6,994 Airframe 8,991 7,781 Non-aviation 237 238 Corporate 3,035 3,094 $ 19,555 $ 18,107

RETIREMENT BENEFITS (Tables)

RETIREMENT BENEFITS (Tables)	9 Months Ended
RETIREMENT BENEFITS (Tables)	Jul. 01, 2023
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	The Company maintains certain non-contributory defined benefit pension plans (collectively, referred to as the “pension plans”) covering eligible employees in the U.S. and in other certain countries such as Canada, France, Germany and the United Kingdom and also sponsors other post-retirement pension plans for its employees in the U.S. and in Canada (collectively, referred to as the “post-retirement pension plans”) The components of net periodic pension benefit cost (income) for the pension plans consisted of the following (in millions): Thirteen Week Periods Ended Thirty-Nine Week Periods Ended July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 U.S. Pension Plans Non-U.S. Pension Plans U.S. Pension Plans Non-U.S. Pension Plans U.S. Pension Plans Non-U.S. Pension Plans U.S. Pension Plans Non-U.S. Pension Plans Service cost $ — $ 1 $ — $ 1 $ — $ 2 $ — $ 3 Interest cost — 2 1 1 — 6 4 3 Expected return on plan assets — (2) (2) (1) — (6) (6) (5) Amortization of net loss — — — — — 1 — 1 Settlement (gain) loss (1) (9) — 21 — (8) — 21 — Net periodic pension benefit cost (income) $ (9) $ 1 $ 20 $ 1 $ (8) $ 3 $ 19 $ 2

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	Jul. 01, 2023
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 thirty-nine week periods ended July 1, 2023 and July 2, 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 (4) 26 — 211 237 Balance at July 1, 2023 $ 149 $ (10) $ (169) $ (30) Balance at September 30, 2021 $ (229) $ (18) $ (1) $ (248) Net current-period other comprehensive income (loss) (4) 252 6 (208) 50 Balance at July 2, 2022 $ 23 $ (12) $ (209) $ (198) (1) Represents unrealized gains (losses) on derivatives designated and qualifying as cash flow hedges, net of taxes, of $10.9 million and $7.9 million for the thirteen week periods ended July 1, 2023 and July 2, 2022, respectively, and $9.7 million and $77.8 million for the thirty-nine week periods ended July 1, 2023 and July 2, 2022, respectively. (2) For the thirteen and thirty-nine week periods ended July 2, 2022, pension liability adjustments, net of taxes, of $1.4 million represents unrecognized actuarial losses reclassified to other (income) expense upon the settlement of the ERP. 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 and thirty-nine week periods ended July 1, 2023. (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. (4) Presented net of reclassifications out of AOCI into earnings, specifically interest expense - net, for realized gains (losses) on derivatives designated and qualifying as cash flow hedges of $41.9 million (net of taxes of $12.9 million) and $(64.7) million (net of taxes of $(19.9) million) for the thirty-nine week periods ended July 1, 2023 and July 2, 2022, respectively.

LEASES (Tables)

LEASES (Tables)	9 Months Ended
LEASES (Tables)	Jul. 01, 2023
Leases [Abstract]
Lease, Cost	The components of lease expense are as follows (in millions): Thirteen Week Periods Ended Thirty-Nine Week Periods Ended Classification July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 Operating lease cost Cost of sales or selling and administrative expenses $ 5 $ 6 $ 15 $ 18 Finance lease cost Amortization of leased assets Cost of sales 2 2 7 4 Interest on lease liabilities Interest expense - net 3 3 10 7 Total lease cost $ 10 $ 11 $ 32 $ 29
Schedule of Cash Flow, Supplemental Disclosures	Supplemental cash flow information related to leases is as follows (in millions): Thirty-Nine Week Periods Ended July 1, 2023 July 2, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 16 $ 18 Operating cash outflows from finance leases 7 6 Financing cash outflows from finance leases 4 2 Lease assets obtained in exchange for new lease obligations: Operating leases $ 14 $ 18 Financing leases 48 34
Leases, Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases is as follows (in millions): Classification July 1, 2023 September 30, 2022 Operating Leases Operating lease right-of-use assets Other non-current assets $ 66 $ 85 Current operating lease liabilities Accrued and other current liabilities 16 18 Long-term operating lease liabilities Other non-current liabilities 53 71 Total operating lease liabilities $ 69 $ 89 Finance Leases Finance lease right-of-use assets, net Property, plant and equipment - net $ 180 $ 137 Current finance lease liabilities Current portion of long-term debt 5 2 Long-term finance lease liabilities Long-term debt 190 144 Total finance lease liabilities $ 195 $ 146 As of July 1, 2023, the Company has the following remaining lease term and weighted average discount rates: Weighted-average remaining lease term Operating leases 5.7 years Finance leases 20.2 years Weighted-average discount rate Operating leases 6.0% Finance leases 7.0%
Lessee, Operating Lease, Liability, Maturity	Maturities of lease liabilities at July 1, 2023 are as follows (in millions): Operating Leases Finance Leases 2023 $ 5 $ 4 2024 19 16 2025 17 17 2026 13 17 2027 10 17 Thereafter 19 315 Total future minimum lease payments 83 386 Less: imputed interest 14 191 Present value of lease liabilities reported $ 69 $ 195
Finance Lease, Liability, Maturity	Maturities of lease liabilities at July 1, 2023 are as follows (in millions): Operating Leases Finance Leases 2023 $ 5 $ 4 2024 19 16 2025 17 17 2026 13 17 2027 10 17 Thereafter 19 315 Total future minimum lease payments 83 386 Less: imputed interest 14 191 Present value of lease liabilities reported $ 69 $ 195

DESCRIPTION OF THE BUSINESS - N

DESCRIPTION OF THE BUSINESS - Narratives (Details)	Jul. 01, 2023
Accounting Policies [Abstract]
Ownership Percentage by Parent	100%

ACQUISITIONS - Calspan Corporat

ACQUISITIONS - Calspan Corporation (Details) - USD ($) $ in Millions		9 Months Ended
	May 08, 2023	Jul. 01, 2023	Jul. 02, 2022
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 750	$ 422
Calspan Corporation
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 729

ACQUISITIONS - Calspan Allocati

ACQUISITIONS - Calspan Allocation (Details) - USD ($) $ in Millions		May 08, 2023	Jul. 01, 2023	Sep. 30, 2022
Business Acquisition [Line Items]
GOODWILL			$ 9,141	$ 8,641
Calspan
Business Acquisition [Line Items]
Trade accounts receivable		$ 39
Inventories		2
Prepaid expenses and other		40
Property, plant and equipment		105
GOODWILL	[1]	367
Other intangible assets	[1]	243
Other non-current assets		7
Total assets acquired (excluding cash)		803
Accounts payable		10
Accrued and other current liabilities		50
Deferred income taxes		8
Other non-current liabilities		6
Total liabilities assumed		74
Net assets acquired		$ 729
Goodwill and Intangible Assets, Deductible For Tax Purposes, Percent		80%
Goodwill and Intangible Assets, Deductible For Tax Purposes, Term		15 years

[1]Based on the preliminary allocation of the net assets acquired, the Company expects that at least 80% of both the approximately $367 million of goodwill and $243 million of other intangible assets recognized for the acquisition will be deductible for tax purposes. The goodwill and intangible assets will be deductible over 15 years.

ACQUISITIONS - DART Aerospace (

ACQUISITIONS - DART Aerospace (Details) - USD ($) $ in Millions			9 Months Ended			13 Months Ended
		May 25, 2022	Jul. 01, 2023		Jul. 02, 2022	Jul. 01, 2023		Sep. 30, 2022
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			$ 750		$ 422
Assets acquired (excluding cash):
GOODWILL			9,141			$ 9,141		$ 8,641
Goodwill, Purchase Accounting Adjustments	[1]		7
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	14			14
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentCurrentAssets,Receivable	[2]					(2)
Inventories		33	32			32
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory	[2]					(1)
Prepaid expenses and other		4	4			4
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Current Assets, Prepaid Expenses and Other	[2]					0
Property, plant and equipment		9	9			9
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Property, Plant, and Equipment	[2]					0
GOODWILL		236	205	[3]		205	[3]
Goodwill, Purchase Accounting Adjustments	[2]					(31)
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
Deferred income taxes		35	35			35
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Accounts Payable	[2]					0
Other non-current liabilities		8	17			17
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Other Non-Current Liabilities	[2]					9
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 completed during fiscal year 2022 by the Company's Extant Aerospace subsidiary (Power & Control) and the acquisition of DART (Airframe). 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]None of the approximately $205 million of goodwill and $148 million of other intangible assets recognized for the acquisition is deductible for tax purposes.

ACQUISITIONS - Extant Aerospace

ACQUISITIONS - Extant Aerospace Acquisitions (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Sep. 30, 2022
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 750	$ 422
GOODWILL	9,141		$ 8,641
Extant Aerospace
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	11		88
GOODWILL	6		61
Other intangible assets	4		$ 37
Tax benefit recognition period (in years)			15 years
Payments To Acquire Business, Cash On Hand	$ 10
Goodwill and Intangible Assets, Deductible For Tax Purposes, Term	15 years

ACQUISITIONS - Extant, Dart, &

ACQUISITIONS - Extant, Dart, & Calspan (Details)	9 Months Ended
ACQUISITIONS - Extant, Dart, & Calspan (Details)	Jul. 01, 2023
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

REVENUE RECOGNITION - Contract

REVENUE RECOGNITION - Contract Assets and Liabilities (Details) - USD ($) $ in Millions		Jul. 01, 2023	Sep. 30, 2022
Schedule of Contract Assets and Liabilities [Line Items]
Contract with Customer, Asset, after Allowance for Credit Loss		$ 186	$ 120
Contract with Customer, Liability		87	54
Net Contract Asset		99	66
Prepaid Expenses and Other Current Assets
Schedule of Contract Assets and Liabilities [Line Items]
Contract with Customer, Asset, Net, Current	[1]	185	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]	79	45
Other Noncurrent Liabilities
Schedule of Contract Assets and Liabilities [Line Items]
Contract with Customer, Liability, Noncurrent	[4]	$ 8	$ 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	Jul. 01, 2023	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 34	$ 35

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		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Numerator for earnings per share:
Income from continuing operations	$ 352	$ 239	$ 885	$ 601
Less: Net income attributable to noncontrolling interests	1	1	2	2
Net income from continuing operations attributable to TD Group	351	238	883	599
Less: Dividends paid on participating securities	0	0	(38)	(46)
Income from discontinued operations, net of tax	0	0	0	1
Net income applicable to TD Group common stockholders—basic and diluted	$ 351	$ 238	$ 845	$ 554
Denominator for basic and diluted earnings per share under the two-class method:
Weighted-Average Common Shares Outstanding, Basic And Diluted	55	54.4	54.7	55
Vested options deemed participating securities	2.2	3.6	2.4	3.7
Weighted-average shares outstanding - basic (in shares)	57.2	58	57.1	58.7
Weighted-average shares outstanding - diluted (in shares)	57.2	58	57.1	58.7
Earnings per share from continuing operations - basic (in usd per share)	$ 6.14	$ 4.10	$ 14.80	$ 9.42
Earnings per share from continuing operations - diluted (in usd per share)	6.14	4.10	14.80	9.42
Earnings per share from discontinued operations - diluted (in usd per share)	0	0	0	0.02
Earnings per share from discontinued operations - basic (in usd per share)	0	0	0	0.02
Earnings per share - basic (in usd per share)	6.14	4.10	14.80	9.44
Earnings per share - diluted (in usd per share)	$ 6.14	$ 4.10	$ 14.80	$ 9.44

STOCK REPURCHASE PROGRAM (Detai

STOCK REPURCHASE PROGRAM (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			9 Months Ended
	Dec. 31, 2022	Jul. 02, 2022	Apr. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Jan. 27, 2022	Nov. 08, 2017
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount						$ 2,200	$ 650
Treasury Stock Acquired, Average Cost Per Share	$ 612.13
Payment for Repurchase of Common Stock	$ 912
Repurchases of common stock				$ 0	$ 912
Stock Repurchase Program, Remaining Authorized Repurchase Amount				$ 1,288
Treasury Stock
Equity, Class of Treasury Stock [Line Items]
Treasury Stock, Shares, Acquired	1,490,413	443,598	1,046,815

INVENTORIES - Schedule of Inven

INVENTORIES - Schedule of Inventories (Details) - USD ($) $ in Millions	Jul. 01, 2023	Sep. 30, 2022
Inventory Disclosure [Abstract]
Raw materials and purchased component parts	$ 1,133	$ 959
Work-in-progress	453	359
Finished goods	228	210
Total	1,814	1,528
Reserves for excess and obsolete inventory	(211)	(196)
Inventories—Net	$ 1,603	$ 1,332

INTANGIBLE ASSETS - Intangible

INTANGIBLE ASSETS - Intangible Assets Subject to Amortization (Details) - USD ($) $ in Millions	Jul. 01, 2023	Sep. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 3,951	$ 3,640
Intangible Assets, Accumulated Amortization	1,006	890
Total	2,945	2,750
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,195	2,054
Accumulated Amortization	864	780
Net	1,331	1,274
Order backlog
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	17	7
Accumulated Amortization	7	3
Net	10	4
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	674	580
Accumulated Amortization	130	104
Net	544	476
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	10	9
Accumulated Amortization	5	3
Net	5	6
Trademarks & trade names
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill), Gross	1,055	990
Intangible Assets (Excluding Goodwill), Net	$ 1,055	$ 990

INTANGIBLE ASSETS - Finite and

INTANGIBLE ASSETS - Finite and Indefinite-Lived Intangible Assets (Details) $ in Millions	9 Months Ended
	Jul. 01, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets Acquired	$ 426
Finite-lived Intangible Assets Acquired	194
Intangible Assets Acquired	620
Technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 108
Finite-Lived Intangible Assets, Remaining Amortization Period	20 years
Order backlog
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 10
Finite-Lived Intangible Assets, Remaining Amortization Period	1 year 6 months
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 76
Finite-Lived Intangible Assets, Remaining Amortization Period	20 years
Goodwill
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets Acquired	$ 373
Trademarks & trade names
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets Acquired	$ 53

INTANGIBLE ASSETS - Aggregate A

INTANGIBLE ASSETS - Aggregate Amortization Expense on Identifiable Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
AMORTIZATION OF INTANGIBLE ASSETS	$ 37	$ 33	$ 105	$ 102

INTANGIBLE ASSETS - Summary of

INTANGIBLE ASSETS - Summary of Changes in Carrying Value of Goodwill (by Segment) (Details)	9 Months Ended
	Jul. 01, 2023 USD ($)
Goodwill [Roll Forward]
Balance at September 30, 2022	$ 8,641,000,000
Goodwill acquired during the period	373,000,000
Purchase price allocation adjustments	7,000,000	[1]
Currency translation adjustments and other	120,000,000
Balance at July 1, 2023	9,141,000,000
Power & Control
Goodwill [Roll Forward]
Balance at September 30, 2022	4,155,000,000
Goodwill acquired during the period	6,000,000
Purchase price allocation adjustments	4,000,000	[1]
Currency translation adjustments and other	33,000,000
Balance at July 1, 2023	4,198,000,000
Airframe
Goodwill [Roll Forward]
Balance at September 30, 2022	4,393,000,000
Goodwill acquired during the period	367,000,000
Purchase price allocation adjustments	3,000,000	[1]
Currency translation adjustments and other	87,000,000
Balance at July 1, 2023	4,850,000,000
Non-aviation
Goodwill [Roll Forward]
Balance at September 30, 2022	93,000,000
Goodwill acquired during the period	0
Purchase price allocation adjustments	0	[1]
Currency translation adjustments and other	0
Balance at July 1, 2023	$ 93,000,000

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

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($)		Jul. 01, 2023	Sep. 30, 2022
Debt Instrument [Line Items]
Gross Amount		$ 19,580,000,000	$ 19,567,000,000
Debt Issuance Costs		(105,000,000)	(110,000,000)
Original Issue (Discount) or Premium		(60,000,000)	(12,000,000)
Short-term borrowings—trade receivable securitization facility		350,000,000	350,000,000
Long-term Debt		19,415,000,000	19,445,000,000
Finance lease obligations		195,000,000	146,000,000
Current portion of long-term debt		67,000,000	76,000,000
Long-term Debt, Gross and Lease Obligation		19,513,000,000	19,490,000,000
Deferred Finance Costs, Excluding Current Maturities		(105,000,000)	(109,000,000)
Debt Instrument, Unamortized Discount, Excluding Current Maturities		(60,000,000)	(12,000,000)
LONG-TERM DEBT		19,348,000,000	19,369,000,000
Term loans
Debt Instrument [Line Items]
Gross Amount		6,263,000,000	7,298,000,000
Debt Issuance Costs		(23,000,000)	(29,000,000)
Original Issue (Discount) or Premium		(51,000,000)	(13,000,000)
Long-term Debt	[1]	$ 6,189,000,000	$ 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		(3,000,000)	(4,000,000)
Original Issue (Discount) or Premium		0	0
Long-term Debt	[1]	$ 947,000,000	$ 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		(1,000,000)	(2,000,000)
Long-term Debt	[1]	$ 496,000,000	$ 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		(13,000,000)	(15,000,000)
Original Issue (Discount) or Premium		0	0
Long-term Debt	[1]	$ 2,637,000,000	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		(5,000,000)	(6,000,000)
Original Issue (Discount) or Premium		0	0
Long-term Debt	[1]	$ 745,000,000	744,000,000
Secured Debt \| Senior Secured Notes $1,100M due 2025 8.00%
Debt Instrument [Line Items]
Interest rate		8%
Gross Amount			1,100,000,000
Debt Issuance Costs			(6,000,000)
Original Issue (Discount) or Premium			0
Long-term Debt	[1]	$ 0	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		(28,000,000)	(35,000,000)
Original Issue (Discount) or Premium		3,000,000	3,000,000
Long-term Debt	[1]	$ 4,375,000,000	4,368,000,000
Secured Debt \| Senior Secured Notes $2,100M due 2028 6.75%
Debt Instrument [Line Items]
Interest rate		6.75%
Gross Amount		$ 2,100,000,000
Debt Issuance Costs		(19,000,000)
Original Issue (Discount) or Premium		(11,000,000)
Long-term Debt	[1]	2,070,000,000	0
Government refundable advances
Debt Instrument [Line Items]
Debt Issuance Costs		0	0
Original Issue (Discount) or Premium		0	0
Long-term Debt		22,000,000	23,000,000
Government refundable advances		22,000,000	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		195,000,000	146,000,000
Finance lease obligations		195,000,000	146,000,000
Less: current portion
Debt Instrument [Line Items]
Debt Issuance Costs		0	(1,000,000)
Original Issue (Discount) or Premium		0	0
Long-term Debt, Current Maturities, Gross		67,000,000	77,000,000
Current portion of long-term debt		67,000,000	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 10, “Debt,” for gross carrying amounts.

DEBT - Additional Debt Instrume

DEBT - Additional Debt Instruments (Details) - USD ($)			3 Months Ended		9 Months Ended
DEBT - Additional Debt Instruments (Details) - USD ($)	Mar. 09, 2023	Feb. 24, 2023	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Jul. 25, 2023	Dec. 14, 2022	Sep. 30, 2022
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount (Premium), Net			$ 60,000,000		$ 60,000,000				$ 12,000,000
Finance lease obligations			195,000,000		195,000,000				146,000,000
REFINANCING COSTS			32,000,000	$ 0	41,000,000	$ 0
Accrued and Other Current Liabilities
Debt Instrument [Line Items]
Interest Payable			199,000,000		199,000,000				170,000,000
Government refundable advances
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount (Premium), Net			0		0				0
Government refundable advances			22,000,000		22,000,000				23,000,000
Finance Lease Obligations
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount (Premium), Net			0		0				0
Finance lease obligations			195,000,000		195,000,000				$ 146,000,000
Tranche G Term Loans
Debt Instrument [Line Items]
Debt Instrument, Repurchase Amount								$ 1,725,000,000
Write off of Deferred Debt Issuance Cost					200,000
Write Off of Original Issue Discount					100,000
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, Face Amount								$ 1,725,000,000
Original Issue Discount Rate								2%
Debt Instrument, Unamortized Discount (Premium), Net								$ 34,500,000
REFINANCING COSTS					4,600,000
Tranche H Term Loans \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest rate								3.25%
Senior Secured Notes $1,100M due 2028 6.75%
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,100,000,000
Interest rate	6.75%
Debt Issuance Costs, Gross			11,500,000		11,500,000
Debt Instrument, Unamortized Discount	$ 11,000,000
Debt Instrument, Issuance Price, Percentage	99%
Tranche E
Debt Instrument [Line Items]
Debt Instrument, Repurchase Amount		$ 2,149,000,000
Tranche E \| London Interbank Offered Rate LIBOR
Debt Instrument [Line Items]
Interest rate		2.25%
Tranche F
Debt Instrument [Line Items]
Debt Instrument, Repurchase Amount		$ 3,410,000,000
Tranche F \| London Interbank Offered Rate LIBOR
Debt Instrument [Line Items]
Interest rate		2.25%
Tranche I
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 4,559,000,000
Debt Instrument, Unamortized Discount (Premium), Net		$ 11,400,000
Write off of Deferred Debt Issuance Cost					100,000
Write Off of Original Issue Discount					100,000
Debt Instrument, Redemption Price, Percentage		0.25%
REFINANCING COSTS					9,200,000
Tranche I \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest rate		3.25%
Senior Secured Notes $1,000 due 2028 6.75%
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 1,000,000,000
Interest rate		6.75%
Debt Instrument, Redemption Price, Percentage		100%
Debt Issuance Costs, Gross			9,800,000		9,800,000
Senior Secured Notes $1,100M due 2025 8.00%
Debt Instrument [Line Items]
Debt Instrument, Repurchase Amount			1,700,000		1,700,000
Debt Instrument, Face Amount		$ 1,100,000,000
Write off of Deferred Debt Issuance Cost					4,800,000
Debt Instrument, Repurchased Face Amount			1,100,000,000		1,100,000,000
Redemption Premium					22,000,000
REFINANCING COSTS					27,000,000
Securitization Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			350,000,000		350,000,000
Line of Credit Facility, Amount Drawn			$ 350,000,000		$ 350,000,000
Securitization Facility \| Subsequent Event
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							$ 450,000,000
Securitization Facility \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Interest rate			1.30%		1.30%
Securitization Facility \| Secured Overnight Financing Rate (SOFR) \| Subsequent Event
Debt Instrument [Line Items]
Interest rate							1.60%

INCOME TAXES - Narratives (Deta

INCOME TAXES - Narratives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
INCOME TAXES - Narratives (Details) - USD ($) $ in Millions	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate	24.90%	23.40%	24.10%	21.50%
Tax rate effect	$ 14.9		$ 14.9		$ 16.6
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 5.2		$ 5.2		$ 4.5

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying Amounts and Fair Values of Financial Instruments (Details) - USD ($) $ in Millions		Jul. 01, 2023	Sep. 30, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		$ 3,071	$ 3,001
Short-term borrowings—trade receivable securitization facility		350	350
Long-term Debt		19,415	19,445
Other Current Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Swap Assets	[1]	110	77
Other Noncurrent Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Swap Assets	[2]	45	68
Interest Rate Cap Agreements	[2]	55	50
Interest Rate Collar Assets	[2]	10	0
Accrued Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contract, Liability	[3]	1	11
Other Noncurrent Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Cap Liabilities Carrying Amount	[4]	1	0
Interest rate swap agreements	[4]	4	0
Term loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[5]	6,189	7,256
Government refundable advances
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt		22	23
Finance Lease Obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt		195	146
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, Fair Value		3,071	3,001
Level 2 \| Other Current Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Swap Assets	[1]	110	77
Level 2 \| Other Noncurrent Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Swap Assets	[2]	45	68
Interest Rate Cap Agreements	[2]	55	50
Interest Rate Collar Assets	[2]	10	0
Level 2 \| Accrued Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contract, Liability	[3]	1	11
Level 2 \| Other Noncurrent Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Cap Liabilities Carrying Amount	[4]	1	0
Interest rate swap agreements	[4]	4	0
Level 2 \| Term loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[5]	6,223	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		22	23
Level 2 \| Finance Lease Obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value		195	146
Senior Secured Notes $1,100M due 2025 8.00% \| Secured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[5]	0	1,094
Senior Secured Notes $1,100M due 2025 8.00% \| Level 1 \| Secured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[5]	0	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	[5]	947	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	[5]	935	884
Senior subordinated notes due 2026 6.875% \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[5]	496	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	[5]	496	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	[5]	4,375	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	[5]	4,378	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	[5]	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	[5]	550	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	[5]	2,637	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	[5]	2,498	2,286
Senior Secured Notes $2,100M due 2028 6.75% \| Secured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[5]	2,070	0
Senior Secured Notes $2,100M due 2028 6.75% \| Level 1 \| Secured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion, Fair Value	[5]	2,108	0
Senior Subordinated Notes $1200M Due 2029 4.625% \| Senior Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	[5]	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	[5]	1,065	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	[5]	745	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	[5]	668	606
Asset-backed Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term borrowings—trade receivable securitization facility	[5]	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	[5]	$ 350	$ 350

[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.[5]The carrying amount of the debt instrument is presented net of debt issuance costs, premium and discount. Refer to Note 10, “Debt,” for gross carrying amounts.

DERIVATIVES AND HEDGING ACTIV_3

DERIVATIVES AND HEDGING ACTIVITIES - Summary of Outstanding Interest Rate Swap, Cap and Collar Agreements (Details) $ in Millions	Jul. 01, 2023 USD ($)
6.25% Interest rate swap, effective March 31, 2023 and maturing June 28, 2024
Derivative [Line Items]
Derivative, Notional Amount	$ 400
Derivative, Fixed Interest Rate	6.25%
Derivative, Variable Interest Rate	3%
Derivative, Basis Spread on Variable Rate	3.25%
6.35% Interest rate swap, effective March 31, 2023 and maturing June 28, 2024
Derivative [Line Items]
Derivative, Notional Amount	$ 900
Derivative, Fixed Interest Rate	6.35%
Derivative, Variable Interest Rate	3.10%
Derivative, Basis Spread on Variable Rate	3.25%
6.25% Interest rate swap, effective March 31, 2023 and maturing March 31, 2025
Derivative [Line Items]
Derivative, Notional Amount	$ 500
Derivative, Fixed Interest Rate	6.25%
Derivative, Variable Interest Rate	3%
Derivative, Basis Spread on Variable Rate	3.25%
6.35% Interest rate swap, effective March 31, 2023 and maturing March 31, 2025
Derivative [Line Items]
Derivative, Notional Amount	$ 1,500
Derivative, Fixed Interest Rate	6.35%
Derivative, Variable Interest Rate	3.10%
Derivative, Basis Spread on Variable Rate	3.25%
4.55% Interest rate swap, effective March 31, 2023 and maturing September 30, 2025
Derivative [Line Items]
Derivative, Notional Amount	$ 700
Derivative, Fixed Interest Rate	4.55%
Derivative, Variable Interest Rate	1.30%
Derivative, Basis Spread on Variable Rate	3.25%
1.25% Interest rate cap, effective March 31, 2023 and maturing September 30, 2025
Derivative [Line Items]
Derivative, Notional Amount	$ 700
Derivative, Cap Interest Rate	1.25%
Interest Rate Collar
Derivative [Line Items]
Derivative, Cap Interest Rate	3.50%
Derivative, Floor Interest Rate	2%
2.00-3.50% Interest rate collar, effective March 31, 2025 and maturing September 30, 2026
Derivative [Line Items]
Derivative, Notional Amount	$ 1,100
Derivative, Cap Interest Rate	3.50%
Derivative, Floor Interest Rate	2%
2.00-3.50% Interest rate collar, effective September 30, 2025 and maturing September 30, 2026
Derivative [Line Items]
Derivative, Notional Amount	$ 500
Derivative, Cap Interest Rate	3.50%
Derivative, Floor Interest Rate	2%

DERIVATIVES AND HEDGING ACTIV_4

DERIVATIVES AND HEDGING ACTIVITIES - Summary of Balance Sheet Presentation of Derivative Assets and Liabilities (Details) - USD ($) $ in Millions		Jul. 01, 2023	Sep. 30, 2022
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	[1]	$ 220	$ 195
Derivative Liability, Fair Value, Gross Liability	[1]	5	0
Interest Rate Cap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset		55	50
Derivative Liability, Fair Value, Gross Liability		1	0
Interest Rate Collar
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset		10	0
Derivative Liability, Fair Value, Gross Liability		0	0
Interest Rate Swap
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset		155	145
Derivative Liability, Fair Value, Gross Liability		$ 4	$ 0

[1]Refer to Note 12, “Fair Value Measurements,” for the condensed consolidated balance sheets classification of the Company's interest rate swap, cap and collar agreements.

DERIVATIVES AND HEDGING ACTIV_5

DERIVATIVES AND HEDGING ACTIVITIES - Narratives (Details) $ in Millions	9 Months Ended
	Jul. 01, 2023 USD ($)
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer	12 months
Losses reclassified from cash flow hedges into net sales	$ 2.4
Interest Rate Collar
Derivative [Line Items]
Derivative, Floor Interest Rate	2%
Derivative, Cap Interest Rate	3.50%
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	$ (107.3)
Foreign Exchange Forward Exchange Contracts
Derivative [Line Items]
Derivative, Notional Amount	218.4
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Earnings, net of Tax, Next 12 months (Estimated)	$ 0.9

SEGMENTS - Narratives (Details)

SEGMENTS - Narratives (Details)	9 Months Ended
SEGMENTS - Narratives (Details)	Jul. 01, 2023 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		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Segment Reporting Information [Line Items]
NET SALES	$ 1,744	$ 1,398	$ 4,733	$ 3,919
Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	861	737	2,402	2,095
Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	835	620	2,204	1,705
Operating Segments \| Non-aviation
Segment Reporting Information [Line Items]
NET SALES	48	41	127	119
Commercial and non-aerospace OEM \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	179	155	497	443
Commercial and non-aerospace OEM \| Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	254	194	691	514
Commercial and non-aerospace aftermarket \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	272	221	793	625
Commercial and non-aerospace aftermarket \| Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	307	202	810	551
Defense \| Operating Segments \| Power & Control
Segment Reporting Information [Line Items]
NET SALES	410	361	1,112	1,027
Defense \| Operating Segments \| Airframe
Segment Reporting Information [Line Items]
NET SALES	$ 274	$ 224	$ 703	$ 640

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		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	$ 915	$ 696	$ 2,432	$ 1,894
Interest expense, net	291	269	872	799
Non-cash stock and deferred compensation expense			131	129
Refinancing costs	32	0	41	0
Income from continuing operations before income taxes	469	312	1,166	766
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	925	706	2,494	1,936
Operating Segments \| Power & Control
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	487	398	1,341	1,100
Operating Segments \| Airframe
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	417	292	1,101	791
Operating Segments \| Non-aviation
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	21	16	52	45
Corporate, Non-Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
EBITDA As Defined	10	10	62	42
Segment Reconciling Items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Depreciation and amortization expense	70		199	188
Interest expense, net	(291)	(269)	(872)	(799)
Acquisition and divestiture transaction-related expenses	6		12	13
Non-cash stock and deferred compensation expense	53	47	131	129
Refinancing costs	32	$ 0	41	0
Other, net	$ (6)		$ 11	$ (1)

SEGMENTS - Schedule of Total As

SEGMENTS - Schedule of Total Assets by Segment (Details) - USD ($) $ in Millions	Jul. 01, 2023	Sep. 30, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 19,555	$ 18,107
Operating Segments \| Power & Control
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	7,292	6,994
Operating Segments \| Airframe
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	8,991	7,781
Operating Segments \| Non-aviation
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	237	238
Corporate, Non-Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 3,035	$ 3,094

RETIREMENT PLANS - Components o

RETIREMENT PLANS - Components of Net Periodic Pension (Benefit) Cost (Both US and Non-US Plans) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Settlement (gain) loss				$ (8)	$ 21
Pension Plan [Member] \| UNITED STATES
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost		$ 0	$ 0	0	0
Interest cost		0	1	0	4
Expected return on plan assets		0	(2)	0	(6)
Amortization of net loss		0	0	0	0
Settlement (gain) loss	[1]	(9)	21	(8)	21
Net periodic pension benefit cost (income)		(9)	20	(8)	19
Pension Plan [Member] \| Non-U.S. Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost		1	1	2	3
Interest cost		2	1	6	3
Expected return on plan assets		(2)	(1)	(6)	(5)
Amortization of net loss		0	0	1	1
Settlement (gain) loss	[1]	0	0	0	0
Net periodic pension benefit cost (income)		$ 1	$ 1	3	$ 2
Other Postretirement Benefits Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic pension benefit cost (income)				$ 1

[1]Effective June 30, 2021, the Company terminated the Esterline Retirement Plan (the “ERP”) in accordance with regulatory requirements. During the third quarter of fiscal 2022, the Company transferred the remaining benefit obligations to an insurance company in order to purchase a group annuity contract. In connection with the transfer, a settlement loss of approximately $21 million was recorded as a component of other (income) expense in the condensed consolidated statements of income for the thirteen and thirty-nine week periods ended July 2, 2022. Upon the finalization of the group annuity purchase funding in fiscal 2023, a settlement (gain) of approximately $(9) million and $(8) million was recorded as a component of other (income) expense in the condensed consolidated statements of income for the thirteen and thirty-nine week periods ended July 1, 2023.

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS - Schedule of Accumulated Other Comprehensive Loss, Net of Taxes (Details) - USD ($) $ in Millions		3 Months Ended							9 Months Ended
		Jul. 01, 2023	Apr. 01, 2023	Dec. 31, 2022	Jul. 02, 2022		Apr. 02, 2022	Jan. 01, 2022	Jul. 01, 2023		Jul. 02, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period				$ (267)				$ (248)	$ (267)		$ (248)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax									(2.4)
Other Comprehensive Income (Loss), Net of Tax		$ 66			$ (125)				237	[1]	50	[1]
Balance at end of period		(30)			(198)	[1]			(30)		(198)	[1]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax		(10.9)			7.9				(9.7)		77.8
Cash Flow Hedging \| Designated as Hedging Instrument
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Derivative, Gain (Loss) on Derivative, Net									41.9		(64.7)
Derivative, Gain (Loss) on Derivative, Tax Expense (Benefit)									12.9		19.9
Pension and postretirement benefit plans adjustment (2)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)					1.4						1.4
Unrealized gains (losses) on derivatives (1)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	[2]			123				(229)	123		(229)
Balance at end of period	[2]	149			23	[1]			149		23	[1]
Pension and postretirement benefit plans adjustment (2)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	[3]			(10)				(18)	(10)		(18)
Balance at end of period	[3]	(10)			(12)	[1]			(10)		(12)	[1]
Foreign currency translation adjustment (3)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	[4]			(380)				(1)	(380)		(1)
Balance at end of period	[4]	(169)			(209)	[1]			(169)		(209)	[1]
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		35	$ (31)	22	24		$ 170	58	26	[1],[2]	252	[1],[2]
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax		0	0	0	6		0	0	0	[1],[3]	6	[1],[3]
Foreign currency translation adjustment		$ 31	$ 43	$ 137	$ (155)		$ (43)	$ (10)	$ 211	[1],[4]	$ (208)	[1],[4]

[1]Presented net of reclassifications out of AOCI into earnings, specifically interest expense - net, for realized gains (losses) on derivatives designated and qualifying as cash flow hedges of $41.9 million (net of taxes of $12.9 million) and $(64.7) million (net of taxes of $(19.9) million) for the thirty-nine week periods ended July 1, 2023 and July 2, 2022, respectively.[2]Represents unrealized gains (losses) on derivatives designated and qualifying as cash flow hedges, net of taxes, of $10.9 million and $7.9 million for the thirteen week periods ended July 1, 2023 and July 2, 2022, respectively, and $9.7 million and $77.8 million for the thirty-nine week periods ended July 1, 2023 and July 2, 2022, respectively.[3]For the thirteen and thirty-nine week periods ended July 2, 2022, pension liability adjustments, net of taxes, of $1.4 million represents unrecognized actuarial losses reclassified to other (income) expense upon the settlement of the ERP. 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 and thirty-nine week periods ended July 1, 2023.[4]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		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Lessee, Lease, Description [Line Items]
Lease, Cost	$ 10	$ 11	$ 32	$ 29
Cost of sales or selling and administrative expenses
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	5	6	15	18
Cost of sales
Lessee, Lease, Description [Line Items]
Finance Lease, Right-of-Use Asset, Amortization	2	2	7	4
Interest expense - net
Lessee, Lease, Description [Line Items]
Finance Lease, Interest Expense	$ 3	$ 3	$ 10	$ 7

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information Related To Leases (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
Leases [Abstract]
Operating Lease, Payments	$ 16	$ 18
Finance Lease, Interest Payment on Liability	7	6
Finance Lease, Principal Payments	4	2
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	14	18
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 48	$ 34

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	Jul. 01, 2023	Sep. 30, 2022
Leases [Abstract]
Operating Lease, Right-of-Use Asset	$ 66	$ 85
Operating Lease, Liability, Current	16	18
Operating Lease, Liability, Noncurrent	53	71
Operating Lease, Liability	69	89
Finance Lease, Right-of-Use Asset	180	137
Finance Lease, Liability, Current	5	2
Finance Lease, Liability, Noncurrent	190	144
Finance Lease, Liability	$ 195	$ 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)	Jul. 01, 2023
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	5 years 8 months 12 days
Finance Lease, Weighted Average Remaining Lease Term	20 years 2 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	6%
Finance Lease, Weighted Average Discount Rate, Percent	7%

LEASES - Maturities Schedule of

LEASES - Maturities Schedule of Operating and Financing Leases (Details) - USD ($) $ in Millions	Jul. 01, 2023	Sep. 30, 2022
Leases [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 5
Finance Leases, Future Minimum Payments Due, Next Twelve Months	4
Lessee, Operating Lease, Liability, to be Paid, Year One	19
Finance Lease, Liability, to be Paid, Year One	16
Operating Leases, Future Minimum Payments, Due in Two Years	17
Finance Leases, Future Minimum Payments Due in Two Years	17
Operating Leases, Future Minimum Payments, Due in Three Years	13
Finance Leases, Future Minimum Payments Due in Three Years	17
Operating Leases, Future Minimum Payments, Due in Four Years	10
Finance Leases, Future Minimum Payments Due in Four Years	17
Operating Leases, Future Minimum Payments, Due Thereafter	19
Finance Leases, Future Minimum Payments Due Thereafter	315
Operating Leases, Future Minimum Payments Due	83
Finance Leases, Future Minimum Payments Due	386
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	14
Finance Leases, Future Minimum Payments, Interest Included in Payments	191
Operating Lease, Liability	69	$ 89
Finance lease obligations	$ 195	$ 146

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narratives (Details) $ in Millions	Jul. 01, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Recommended Voluntary Refund	$ 20.8