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SEGMENTS (Tables) | 9 Months Ended
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Jun. 29, 2024
Segment Reporting [Abstract] |
Net Sales by Reportable Segments |
| Thirteen Week Periods Ended |  | Thirty-Nine Week Periods Ended
| June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Net sales to external customers |  |  |  |  |  |  |
Power & Control |  |  |  |  |  |  |
Commercial and non-aerospace OEM | $ | 229 |  |  | $ | 180 |  |  | $ | 608 |  |  | $ | 499 |
Commercial and non-aerospace aftermarket | 317 |  |  | 270 |  |  | 903 |  |  | 787 |
Defense | 477 |  |  | 411 |  |  | 1,310 |  |  | 1,116 |
Total Power & Control | 1,023 |  |  | 861 |  |  | 2,821 |  |  | 2,402 |
Airframe |  |  |  |  |  |  |
Commercial and non-aerospace OEM | 323 |  |  | 254 |  |  | 901 |  |  | 682 |
Commercial and non-aerospace aftermarket | 348 |  |  | 308 |  |  | 1,010 |  |  | 815 |
Defense | 303 |  |  | 273 |  |  | 884 |  |  | 707 |
Total Airframe | 974 |  |  | 835 |  |  | 2,795 |  |  | 2,204 |
Total Non-aviation | 49 |  |  | 48 |  |  | 138 |  |  | 127 |
Net Sales | $ | 2,046 |  |  | $ | 1,744 |  |  | $ | 5,754 |  |  | $ | 4,733 |
EBITDA Defined by Segment to Consolidated Income Before Taxes | The following table reconciles EBITDA As Defined by segment to consolidated income from operations before income taxes (in millions):
| Thirteen Week Periods Ended |  | Thirty-Nine Week Periods Ended
| June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
EBITDA As Defined |  |  |  |  |  |  |
Power & Control | $ | 587 |  |  | $ | 487 |  |  | $ | 1,615 |  |  | $ | 1,341 |
Airframe | 503 |  |  | 417 |  |  | 1,443 |  |  | 1,101 |
Non-aviation | 22 |  |  | 21 |  |  | 59 |  |  | 52 |
Total segment EBITDA As Defined | 1,112 |  |  | 925 |  |  | 3,117 |  |  | 2,494 |
Less: Unallocated corporate EBITDA As Defined | 21 |  |  | 10 |  |  | 94 |  |  | 62 |
Total Company EBITDA As Defined | 1,091 |  |  | 915 |  |  | 3,023 |  |  | 2,432 |
Depreciation and amortization expense | 77 |  |  | 70 |  |  | 219 |  |  | 199 |
Interest expense-net | 316 |  |  | 291 |  |  | 943 |  |  | 872 |
Acquisition transaction-related expenses and adjustments | 27 |  |  | 6 |  |  | 43 |  |  | 12 |
Non-cash stock and deferred compensation expense | 47 |  |  | 53 |  |  | 158 |  |  | 131 |
Refinancing costs | 30 |  |  | 32 |  |  | 59 |  |  | 41 |
Other, net | (8) |  |  | (6) |  |  | (9) |  |  | 11 |
Income from operations before income taxes | $ | 602 |  |  | $ | 469 |  |  | $ | 1,610 |  |  | $ | 1,166 |
Total Assets by Segment | The following table presents total assets by segment (in millions):
| June 29, 2024 |  | September 30, 2023
Total assets |  |  |
Power & Control | $ | 9,090 |  |  | $ | 7,315 |
Airframe | 9,344 |  |  | 8,972 |
Non-aviation | 233 |  |  | 234 |
Corporate | 3,161 |  |  | 3,449 |
| $ | 21,828 |  |  | $ | 19,970 |

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