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Restructuring and Other Charges, Net | 3 Months Ended
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Dec. 25, 2020
Restructuring and Other Charges, Net |
Restructuring and Other Charges, Net | 2. Restructuring and Other Charges, Net Net restructuring and other charges consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the | ​
​ | ​ | Quarters Ended | ​
​ | ​ | December 25, | ​ | December 27, | ​
​ |  | 2020 |  | 2019 |
​ | ​ | (in millions) | ​
Restructuring charges, net | ​ | $ | 149 | ​ | $ | 24 | ​
Other charges, net | ​ |  | 18 | ​ |  | — | ​
Restructuring and other charges, net | ​ | $ | 167 | ​ | $ | 24 | ​
​ Net restructuring charges by segment were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the | ​
​ | ​ | Quarters Ended | ​
​ | ​ | December 25, | ​ | December 27, | ​
​ |  | 2020 |  | 2019 |
​ | ​ | (in millions) | ​
Transportation Solutions | ​ | $ | 118 | ​ | $ | 4 | ​
Industrial Solutions | ​ |  | 20 | ​ |  | 15 | ​
Communications Solutions | ​ |  | 11 | ​ |  | 5 | ​
Restructuring charges, net | ​ | $ | 149 | ​ | $ | 24 | ​
​ Activity in our restructuring reserves was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Balance at | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Balance at |
​ | ​ | September 25, | ​ | ​ | ​ | ​ | Changes in | ​ | Cash | ​ | Non-Cash | ​ | Currency | ​ | December 25, | ​
​ |  | 2020 |  | Charges |  | Estimate |  | Payments |  | Items |  | Translation |  | 2020 |
​ | ​ | (in millions) | ​
Fiscal 2021 Actions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Employee severance | ​ | $ | — | ​ | $ | 136 | ​ | $ | — | ​ | $ | (1) | ​ | $ | — | ​ | $ | — | ​ | $ | 135 | ​
Facility and other exit costs | ​ | ​ | — | ​ | ​ | 2 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2 | ​
Property, plant, and equipment | ​ | ​ | — | ​ | ​ | 4 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (4) | ​ | ​ | — | ​ | ​ | — | ​
Total | ​ | ​ | — | ​ | ​ | 142 | ​ | ​ | — | ​ | ​ | (1) | ​ | ​ | (4) | ​ | ​ | — | ​ | ​ | 137 | ​
Fiscal 2020 Actions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Employee severance | ​ | ​ | 180 | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | (34) | ​ | ​ | — | ​ | ​ | 8 | ​ | ​ | 155 | ​
Facility and other exit costs | ​ | ​ | 8 | ​ | ​ | 7 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | 16 | ​
Property, plant, and equipment | ​ | ​ | — | ​ | ​ | 3 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (3) | ​ | ​ | — | ​ | ​ | — | ​
Total | ​ | ​ | 188 | ​ | ​ | 11 | ​ | ​ | — | ​ | ​ | (34) | ​ | ​ | (3) | ​ | ​ | 9 | ​ | ​ | 171 | ​
Pre-Fiscal 2020 Actions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Employee severance | ​ | ​ | 93 | ​ | ​ | — | ​ | ​ | (5) | ​ | ​ | (19) | ​ | ​ | — | ​ | ​ | 2 | ​ | ​ | 71 | ​
Facility and other exit costs | ​ | ​ | 4 | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Total | ​ | ​ | 97 | ​ | ​ | 1 | ​ | ​ | (5) | ​ | ​ | (24) | ​ | ​ | — | ​ | ​ | 2 | ​ | ​ | 71 | ​
Total Activity | ​ | $ | 285 | ​ | $ | 154 | ​ | $ | (5) | ​ | $ | (59) | ​ | $ | (7) | ​ | $ | 11 | ​ | $ | 379 | ​
​ Fiscal 2021 Actions During fiscal 2021, we initiated a restructuring program associated with footprint consolidation and structural improvements, due in part to the COVID-19 pandemic, across all segments. In connection with this program, during the quarter ended December 25, 2020, we recorded restructuring charges of $142 million. We expect to complete all restructuring actions commenced during the quarter ended December 25, 2020 by the end of fiscal 2022 and to incur additional charges of approximately $12 million related primarily to employee severance and facility exit costs across all segments. Fiscal 2020 Actions During fiscal 2020, we initiated a restructuring program associated with footprint consolidation and structural improvements, due in part to the COVID-19 pandemic, across all segments. In connection with this program, during the quarters ended December 25, 2020 and December 27, 2019, we recorded restructuring charges of $11 million and $15 million, respectively. We expect to complete all restructuring actions commenced during fiscal 2020 by the end of fiscal 2023 and to incur additional charges of approximately $34 million related primarily to employee severance and facility exit costs. The following table summarizes expected, incurred, and remaining charges for the fiscal 2020 program by segment:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Total | ​ | Cumulative | ​ | Remaining | ​
​ | ​ | Expected | ​ | Charges | ​ | Expected | ​
​ |  | Charges |  | Incurred |  | Charges |
​ | ​ | (in millions) | ​
Transportation Solutions | ​ | $ | 140 | ​ | $ | 126 | ​ | $ | 14 | ​
Industrial Solutions | ​ |  | 114 | ​ |  | 99 | ​ |  | 15 | ​
Communications Solutions | ​ |  | 41 | ​ |  | 36 | ​ |  | 5 | ​
Total | ​ | $ | 295 | ​ | $ | 261 | ​ | $ | 34 | ​
​ Pre-Fiscal 2020 Actions Prior to fiscal 2020, we initiated restructuring programs associated with footprint consolidation and structural improvements impacting all segments. During the quarters ended December 25, 2020 and December 27, 2019, we recorded net restructuring credits of $4 million and charges of $9 million, respectively, related to pre-fiscal 2020 actions. We expect additional charges related to pre-fiscal 2020 actions to be insignificant. Total Restructuring Reserves Restructuring reserves included on the Condensed Consolidated Balance Sheets were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 25, | ​ | September 25, | ​
​ |  | 2020 |  | 2020 |
​ | ​ | (in millions) | ​
Accrued and other current liabilities | ​ | $ | 340 | ​ | $ | 229 | ​
Other liabilities | ​ |  | 39 | ​ |  | 56 | ​
Restructuring reserves | ​ | $ | 379 | ​ | $ | 285 | ​
​

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. Also, includes disclosure related to a disposal group (except those classified as discontinued operations) and other charges (credits). + References No definition available. + Details
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