XML 107 R11.htm IDEA: XBRL DOCUMENT v3.3.0.814
Discontinued Operation
12 Months Ended
Oct. 03, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operation [Text Block]
DISCONTINUED OPERATION
After conducting an assessment during fiscal 2013 of our long-term business strategy in China, we determined our Weifang operation (Weifang), which is included in Other in Note 17: Segment Reporting, was no longer core to the execution of our strategy given the capital investment it required to execute our future business plan. Consequently, we conducted an impairment test and recorded a $56 million impairment charge in the second quarter of fiscal 2013. We subsequently sold Weifang which resulted in reporting it as a discontinued operation based on the accounting guidance in effect at that time. The sale was completed in July 2013 and did not result in a significant gain or loss as its carrying value approximated the sales proceeds at the time of sale. Weifang's prior period's results, including the impairment charge, have been reclassified and presented as a discontinued operation in our Consolidated Statements of Income. The following is a summary of the discontinued operation's results:
 
 
 
 
 
 
in millions

 
 
2015

 
2014

 
2013

Sales
 
$

 
$

 
$
108

 
 
 
 
 
 
 
Pretax loss
 

 

 
(68
)
Income tax expense
 

 

 
2

Loss from discontinued operation, net of tax
 
$

 
$

 
$
(70
)