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Significant Restructuring and Impairment Costs (Notes) | 12 Months Ended
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Sep. 30, 2019
Restructuring and Related Activities [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 $255 million of restructuring and impairment costs for continuing operations 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 businesses and at Corporate. The costs consist primarily of workforce reductions, plant closures and asset impairments. Of the restructuring and impairment costs recorded, $113 million related to the Global Products segment, $56 million related to the Building Solutions EMEA/LA segment, $50 million related to Corporate, $20 million related to the Building Solutions North America segment and $16 million related to the Building Solutions Asia Pacific segment. The restructuring actions are expected to be substantially complete in 2020. Additionally, the Company recorded $8 million of restructuring and impairment costs related to Power Solutions in fiscal 2018. This is reported within discontinued operations. 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 |  | Currency Translation |  | Total
Original reserve | $ | 209 |  |  | $ | 42 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 263 |
Utilized—cash | (45 | ) |  | — |  |  | (2 | ) |  | — |  |  | (47 | )
Utilized—noncash | — |  |  | (42 | ) |  | — |  |  | — |  |  | (42 | )
Balance at September 30, 2018 | $ | 164 |  |  | $ | — |  |  | $ | 10 |  |  | $ | — |  |  | $ | 174 |
Utilized—cash | (61 | ) |  | — |  |  | (6 | ) |  | — |  |  | (67 | )
Utilized—noncash | — |  |  | — |  |  | — |  |  | (1 | ) |  | (1 | )
Transfer to liabilities held for sale | (4 | ) |  | — |  |  | — |  |  | — |  |  | (4 | )
Balance at September 30, 2019 | $ | 99 |  |  | $ | — |  |  | $ | 4 |  |  | $ | (1 | ) |  | $ | 102 |
In fiscal 2017, the Company committed to a significant restructuring plan (2017 Plan) and recorded $347 million of restructuring and impairment costs for continuing operations 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 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 and $16 million related to the Building Solutions Asia Pacific segment. The restructuring actions are expected to be substantially complete in fiscal 2020. Additionally, the Company recorded $20 million of restructuring and impairment costs related to Power Solutions in fiscal 2017. This is reported within discontinued operations. 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 | (152 | ) |  | — |  |  | (6 | ) |  | — |  |  | (158 | )
Utilized—noncash | — |  |  | — |  |  | — |  |  | (1 | ) |  | (1 | )
Balance at September 30, 2018 | $ | 74 |  |  | $ | — |  |  | $ | 7 |  |  | $ | (1 | ) |  | $ | 80 |
Utilized—cash | (11 | ) |  | — |  |  | (2 | ) |  | — |  |  | (13 | )
Utilized—noncash | — |  |  | — |  |  | — |  |  | (3 | ) |  | (3 | )
Transfer to liabilities held for sale | (3 | ) |  | — |  |  | — |  |  | — |  |  | (3 | )
Balance at September 30, 2019 | $ | 60 |  |  | $ | — |  |  | $ | 5 |  |  | $ | (4 | ) |  | $ | 61 |
In fiscal 2016, the Company committed to a significant restructuring plan (2016 Plan) and recorded $222 million of restructuring and impairment costs for continuing operations in the consolidated statements of income. The restructuring actions related to cost reduction initiatives in the Company’s Building Technologies & 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, $44 million related to the Global Products segment and $17 million related to the Building Solutions EMEA/LA segment. The restructuring actions are substantially complete, and final payments are expected to be made in fiscal 2020. 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 $398 million of restructuring and impairment costs within discontinued operations related to Adient and Power Solutions in fiscal 2016. This is reported within discontinued operations. 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 | (17 | ) |  | — |  |  | (2 | ) |  | — |  |  | (19 | )
Balance at September 30, 2018 | $ | 67 |  |  | $ | — |  |  | $ | 4 |  |  | $ | 2 |  |  | $ | 73 |
Utilized—cash | (37 | ) |  | — |  |  | (4 | ) |  | — |  |  | (41 | )
Balance at September 30, 2019 | $ | 30 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | 32 |
The Company's fiscal 2018, 2017 and 2016 restructuring plans included workforce reductions of approximately 11,300 employees (9,100 for the Building Technologies & Solutions business and 2,200 for Corporate). 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 September 30, 2019, approximately 6,200 of the employees have been separated from the Company pursuant to the restructuring plans. In addition, the restructuring plans included twelve plant closures in the Building Technologies & Solutions business. As of September 30, 2019, eleven of the twelve 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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