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Significant Restructuring Costs | 9 Months Ended
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Jun. 30, 2018
Restructuring Charges [Abstract] |
Significant Restructuring and Impairment Costs | Significant Restructuring and Impairment Costs To better align its resources with its growth strategies and reduce the cost structure of its global operations in certain underlying markets, the Company commits to restructuring plans as necessary. In fiscal 2018, the Company committed to a significant restructuring plan (2018 Plan) and recorded $158 million of restructuring and impairment costs in the consolidated statements of income. This was the total amount incurred to date and the total amount expected to be incurred for this restructuring plan. The restructuring actions related to cost reduction initiatives in the Company’s Building Technologies & Solutions and Power Solutions businesses and at Corporate. The costs consist primarily of workforce reductions, plant closures and asset impairments. Of the restructuring and impairment costs recorded, $76 million related to the Global Products segment, $32 million related to the Building Solutions EMEA/LA segment, $24 million related to Corporate, $14 million related to the Building Solutions Asia Pacific segment, $8 million related to the Building Solutions North America segment and $4 million related to the Power Solutions segment. The restructuring actions are expected to be substantially complete in 2020. The following table summarizes the changes in the Company’s 2018 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):
| Employee Severance and Termination Benefits |  | Long-Lived Asset Impairments |  | Other |  | Total
Original reserve | $ | 125 |  |  | $ | 30 |  |  | $ | 3 |  |  | $ | 158 |
Utilized—noncash | — |  |  | (30 | ) |  | — |  |  | (30 | )
Balance at December 31, 2017 | $ | 125 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 128 |
Utilized—cash | (8 | ) |  | — |  |  | (1 | ) |  | (9 | )
Balance at March 31, 2018 | $ | 117 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 119 |
Utilized—cash | (12 | ) |  | — |  |  | (1 | ) |  | (13 | )
Balance at June 30, 2018 | $ | 105 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 106 |
In fiscal 2017, the Company committed to a significant restructuring plan (2017 Plan) and recorded $367 million of restructuring and impairment costs in the consolidated statements of income. This was the total amount incurred to date and the total amount expected to be incurred for this restructuring plan. The restructuring actions related to cost reduction initiatives in the Company’s Building Technologies & Solutions and Power Solutions businesses and at Corporate. The costs consist primarily of workforce reductions, plant closures and asset impairments. Of the restructuring and impairment costs recorded, $166 million related to Corporate, $74 million related to the Building Solutions EMEA/LA segment, $59 million related to the Building Solutions North America segment, $32 million related to the Global Products segment, $20 million related to the Power Solutions segment and $16 million related to the Building Solutions Asia Pacific segment. The restructuring actions are expected to be substantially complete in 2018. The following table summarizes the changes in the Company’s 2017 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):
| Employee Severance and Termination Benefits |  | Long-Lived Asset Impairments |  | Other |  | Currency Translation |  | Total
Original reserve | $ | 276 |  |  | $ | 77 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 367 |
Utilized—cash | (75 | ) |  | — |  |  | — |  |  | — |  |  | (75 | )
Utilized—noncash | — |  |  | (77 | ) |  | (1 | ) |  | — |  |  | (78 | )
Adjustment to restructuring reserves | 25 |  |  | — |  |  | — |  |  | — |  |  | 25 |
Balance at September 30, 2017 | $ | 226 |  |  | $ | — |  |  | $ | 13 |  |  | $ | — |  |  | $ | 239 |
Utilized—cash | (142 | ) |  | — |  |  | (4 | ) |  | — |  |  | (146 | )
Utilized—noncash | — |  |  | — |  |  | — |  |  | (1 | ) |  | (1 | )
Balance at June 30, 2018 | $ | 84 |  |  | $ | — |  |  | $ | 9 |  |  | $ | (1 | ) |  | $ | 92 |
In fiscal 2016, the Company committed to a significant restructuring plan (2016 Plan) and recorded $288 million of restructuring and impairment costs in the consolidated statements of income. This was the total amount incurred to date and the total amount expected to be incurred for this restructuring plan. The restructuring actions related to cost reduction initiatives in the Company’s Building Technologies & Solutions and Power Solutions businesses and at Corporate. The costs consist primarily of workforce reductions, plant closures, asset impairments and change-in-control payments. Of the restructuring and impairment costs recorded, $161 million related to Corporate, $66 million related to the Power Solutions segment, $44 million related to the Global Products segment and $17 million related to the Building Solutions EMEA/LA segment. The restructuring actions are expected to be substantially complete in 2018. Included in the reserve is $56 million of committed restructuring actions taken by Tyco for liabilities assumed as part of the Tyco acquisition. Additionally, the Company recorded $332 million of restructuring and impairment costs within discontinued operations related to Adient in fiscal 2016. The following table summarizes the changes in the Company’s 2016 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):
| Employee Severance and Termination Benefits |  | Long-Lived Asset Impairments |  | Other |  | Currency Translation |  | Total
Original reserve | $ | 368 |  |  | $ | 190 |  |  | $ | 62 |  |  | $ | — |  |  | $ | 620 |
Acquired Tyco restructuring reserves | 78 |  |  | — |  |  | — |  |  | — |  |  | 78 |
Utilized—cash | (32 | ) |  | — |  |  | — |  |  | — |  |  | (32 | )
Utilized—noncash | — |  |  | (190 | ) |  | (32 | ) |  | 1 |  |  | (221 | )
Balance at September 30, 2016 | $ | 414 |  |  | $ | — |  |  | $ | 30 |  |  | $ | 1 |  |  | $ | 445 |
Adient spin-off impact | (194 | ) |  | — |  |  | (22 | ) |  | — |  |  | (216 | )
Utilized—cash | (86 | ) |  | — |  |  | (2 | ) |  | — |  |  | (88 | )
Utilized—noncash | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Adjustment to restructuring reserves | (25 | ) |  | — |  |  | — |  |  | — |  |  | (25 | )
Transfer to liabilities held for sale | (3 | ) |  | — |  |  | — |  |  | — |  |  | (3 | )
Adjustment to acquired Tyco restructuring reserves | (22 | ) |  | — |  |  | — |  |  | — |  |  | (22 | )
Balance at September 30, 2017 | $ | 84 |  |  | $ | — |  |  | $ | 6 |  |  | $ | 2 |  |  | $ | 92 |
Utilized—cash | (16 | ) |  | — |  |  | (2 | ) |  | — |  |  | (18 | )
Balance at June 30, 2018 | $ | 68 |  |  | $ | — |  |  | $ | 4 |  |  | $ | 2 |  |  | $ | 74 |
The Company's fiscal 2018, 2017 and 2016 restructuring plans included workforce reductions of approximately 9,200 employees (7,300 for the Building Technologies & Solutions business, 1,700 for Corporate and 200 for Power Solutions). Restructuring charges associated with employee severance and termination benefits are paid over the severance period granted to each employee or on a lump sum basis in accordance with individual severance agreements. As of June 30, 2018, approximately 4,300 of the employees have been separated from the Company pursuant to the restructuring plans. In addition, the restructuring plans included eleven plant closures in the Building Technologies & Solutions business. As of June 30, 2018, six of the eleven plants have been closed. Company management closely monitors its overall cost structure and continually analyzes each of its businesses for opportunities to consolidate current operations, improve operating efficiencies and locate facilities in close proximity to customers. This ongoing analysis includes a review of its manufacturing, engineering and purchasing operations, as well as the overall global footprint for all its businesses.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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