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v3.25.1

SEGMENTS (Tables) | 6 Months Ended
--- | ---
Mar. 29, 2025
Segment Reporting [Abstract] |
Net Sales by Reportable Segments |
| Thirteen Week Periods Ended |  | Twenty-Six Week Periods Ended
| March 29, 2025 |  | March 30, 2024 |  | March 29, 2025 |  | March 30, 2024
Net sales to external customers |  |  |  |  |  |  |
Power & Control |  |  |  |  |  |  |
Commercial and non-aerospace OEM | $ | 238 |  |  | $ | 203 |  |  | $ | 433 |  |  | $ | 382 |
Commercial and non-aerospace aftermarket | 337 |  |  | 295 |  |  | 678 |  |  | 595 |
Defense | 533 |  |  | 422 |  |  | 1,023 |  |  | 833 |
Total Power & Control | 1,108 |  |  | 920 |  |  | 2,134 |  |  | 1,810 |
Airframe |  |  |  |  |  |  |
Commercial and non-aerospace OEM | 305 |  |  | 331 |  |  | 583 |  |  | 625 |
Commercial and non-aerospace aftermarket | 356 |  |  | 313 |  |  | 690 |  |  | 615 |
Defense | 341 |  |  | 315 |  |  | 676 |  |  | 581 |
Total Airframe | 1,002 |  |  | 959 |  |  | 1,949 |  |  | 1,821 |
Total Non-aviation | 40 |  |  | 40 |  |  | 73 |  |  | 77 |
Net Sales | $ | 2,150 |  |  | $ | 1,919 |  |  | $ | 4,156 |  |  | $ | 3,708 |
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 |  | Twenty-Six Week Periods Ended
| March 29, 2025 |  | March 30, 2024 |  | March 29, 2025 |  | March 30, 2024
EBITDA As Defined |  |  |  |  |  |  |
Power & Control | $ | 636 |  |  | $ | 523 |  |  | $ | 1,222 |  |  | $ | 1,035 |
Airframe | 529 |  |  | 510 |  |  | 1,045 |  |  | 940 |
Non-aviation | 16 |  |  | 16 |  |  | 28 |  |  | 30 |
Total segment EBITDA As Defined | 1,181 |  |  | 1,049 |  |  | 2,295 |  |  | 2,005 |
Less: Unallocated corporate EBITDA As Defined | 19 |  |  | 28 |  |  | 71 |  |  | 72 |
Total Company EBITDA As Defined | 1,162 |  |  | 1,021 |  |  | 2,224 |  |  | 1,933 |
Depreciation and amortization expense | 89 |  |  | 74 |  |  | 179 |  |  | 143 |
Interest expense-net | 378 |  |  | 326 |  |  | 756 |  |  | 626 |
Acquisition transaction and integration-related expenses | 9 |  |  | 14 |  |  | 22 |  |  | 16 |
Non-cash stock and deferred compensation expense | 48 |  |  | 60 |  |  | 73 |  |  | 111 |
Refinancing costs | — |  |  | 28 |  |  | — |  |  | 28 |
Other, net | 16 |  |  | — |  |  | (47) |  |  | 1 |
Income from continuing operations before income taxes | $ | 622 |  |  | $ | 519 |  |  | $ | 1,241 |  |  | $ | 1,008 |
Total Assets by Segment | The following table presents total assets by segment (in millions):
| March 29, 2025 |  | September 30, 2024
Total assets |  |  |
Power & Control | $ | 9,462 |  |  | $ | 9,180 |
Airframe | 10,092 |  |  | 10,045 |
Non-aviation | 190 |  |  | 193 |
Corporate | 2,161 |  |  | 6,168 |
| $ | 21,905 |  |  | $ | 25,586 |

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