View Filing Data

Debt discounts and deferred fees

$ (98)

$ (112)

Finance leases and other

142

167

Total long-term debt

11,115

11,365

Current portion of long-term debt

(72)

(104)

Long-term debt, less current portion

11,043

11,261

Term Loan due October 2022 [Member]

$ 1,545

1,545

Term Loan due January 2024 [Member]

Oct. 31, 2022

$ 451

489

Term Loan due July 2026 [Member]

Jan. 31, 2024

$ 4,229

4,250

Term Loan due July 2026 [Member]

Jul. 31, 2026

$ 0

€ 1,075

1,176

^[1]

Revolving Line of Credit [Member]

Jul. 31, 2026

$ 0

5.50% Second Priority Senior Secured Notes due May 2022 [Member]

May 31, 2024

$ 500

500

5.50%

6.00% Second Priority Senior Secured Notes due October 2022 [Member]

May 31, 2022

$ 200

400

6.00%

5.125% Second Priority Senior Secured Notes due July 2023 [Member]

Oct. 31, 2022

$ 700

700

5.125%

1.00% First Priority Senior Secured Notes due July 2025 [Member]

Jul. 31, 2023

$ 779

^[1]

1.00%

4.50% Second Priority Senior Secured Notes due February 2026 [Member]

Jul. 31, 2025

$ 500

500

4.50%

4.875% First Priority Senior Secured Notes due July 2026 [Member]

Feb. 28, 2026

$ 1,250

1,250

4.875%

5.625% Second Priority Senior Secured Notes due July 2027 [Member]

Jul. 31, 2026

$ 500

500

5.625%

1.50% First Priority Senior Secured Notes due July 2027 [Member]

Jul. 31, 2027

$ 417

^[1]

$ 0

1.50%

Restructuring and Transaction Activities [Abstract]

Jul. 31, 2027

[1]	Euro denominated

Restructuring and Transaction Activities (Tables)

6 Months Ended

Mar. 28, 2020

Restructuring Charges by Segment

The table below includes the significant components of restructuring and transaction activities, by reporting segment:

	Quarterly Period Ended				Two Quarterly Periods Ended
	March 28, 2020		March 30, 2019		March 28, 2020		March 30, 2019
Consumer Packaging International	$	14	$	—	$	24	$	—
Consumer Packaging North America		3		2		4		3
Engineered Materials		1		1		4		1
Health, Hygiene & Specialties		1		2		4		12
Consolidated	$	19	$	5	$	36	$	16

Restructuring Accrual Activity

The table below sets forth the activity with respect to the restructuring and transaction activities accrual at March 28, 2020:

	Restructuring
	Employee Severance and Benefits			Facility Exit Costs			Non-cash Impairment Charges			Transaction Activities			Total
Balance as of September 28, 2019	$	2		$	5		$	—		$	—		$	7
Charges		17			—			2			17			36
Non-cash items		—			—			(2	)		—			(2	)
Cash payments		(12	)		(1	)		—			(17	)		(30	)
Balance as of March 28, 2020	$	7		$	4		$	—		$	—		$	11

Acquisitions and Dispositions, RPC Group Plc (Details)
$ in Millions

1 Months Ended

3 Months Ended

6 Months Ended

Jul. 31, 2019

USD ($)

Site

Country

Mar. 28, 2020

USD ($)

Mar. 30, 2019

USD ($)

Mar. 28, 2020

USD ($)

Mar. 30, 2019

USD ($)

First Priority Senior Secured Notes due July 2026 [Member]

Net sales

$ 2,975

$ 1,950

$ 5,791

$ 3,922

Operating income

284

185

483

361

Face amount of debt issued

$ 1,250

Second Priority Senior Secured Notes due July 2027 [Member]

Face amount of debt issued

$ 500

RPC [Member]

Number of operating sites | Site

189

Number of countries where operating sites are located | Country

Net sales

1,174

2,256

Operating income

135

Remeasurement Adjustments [Abstract]

Property, plant, and equipment

(211)

Intangible assets

(47)

Inventory

Deferred tax liabilities

(89)

Consideration [Abstract]

Cash consideration transferred

$ 6,079

Identifiable Assets Acquired and Liabilities Assumed [Abstract]

Working capital

^[1]

721

Property and equipment

2,164

Intangible assets

1,665

Other assets

Other long-term liabilities

(837)

Goodwill

2,362

Net assets acquired

6,079

Step up of inventory to fair value

Pro Forma Information [Abstract]

Pro forma net sales

3,100

6,300

Pro forma net income

$ 61

$ 169

RPC [Member] | Consumer Packaging International [Member]

Segment and Geographic Data [Abstract]

Net sales

1,045

2,006

Operating income

$ 65

$ 107

[1]	Includes a $58 million step up of inventory to fair value

Segment and Geographic Data

6 Months Ended

Mar. 28, 2020

Segment and Geographic Data

10. Segment and Geographic Data

The Company's operations are organized into four reporting segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene & Specialties. The structure is designed to align us with our customers, provide optimal service, drive future growth, and to facilitate synergies realization.

Selected information by reportable segment is presented in the following tables:

	Quarterly Period Ended					Two Quarterly Periods Ended
	March 28, 2020		March 30, 2019			March 28, 2020		March 30, 2019
Net sales:
Consumer Packaging International	$	1,095	$	50		$	2,105	$	101
Consumer Packaging North America		706		639			1,386		1,240
Engineered Materials		598		619			1,183		1,280
Health, Hygiene & Specialties		576		642			1,117		1,301
Total net sales	$	2,975	$	1,950		$	5,791	$	3,922
Operating income:
Consumer Packaging International	$	61	$	(5	)	$	105	$	(1	)
Consumer Packaging North America		83		62			133		95
Engineered Materials		88		74			159		167
Health, Hygiene & Specialties		52		54			86		100
Total operating income	$	284	$	185		$	483	$	361
Depreciation and amortization:
Consumer Packaging International	$	80	$	4		$	161	$	8
Consumer Packaging North America		64		53			129		106
Engineered Materials		25		29			54		60
Health, Hygiene & Specialties		44		46			85		96
Total depreciation and amortization	$	213	$	132		$	429	$	270

Selected information by geographical region is presented in the following tables:

	Quarterly Period Ended				Two Quarterly Periods Ended
	March 28, 2020		March 30, 2019		March 28, 2020		March 30, 2019
Net sales:
United States and Canada	$	1,705	$	1,595	$	3,218	$	3,200
Europe		981		210		1,984		414
Rest of world		289		145		589		308
Total net sales	$	2,975	$	1,950	$	5,791	$	3,922

Selected information by product line is presented in the following tables:

	Quarterly Period Ended						Two Quarterly Periods Ended
	March 28, 2020			March 30, 2019			March 28, 2020			March 30, 2019
Net sales:
Packaging		83			100			82			100
Non-packaging		17			—			18			—
Consumer Packaging International		100	%		100	%		100	%		100	%

Rigid Open Top		44			43			45			44
Rigid Closed Top		56			57			55			56
Consumer Packaging North America		100	%		100	%		100	%		100	%

Core Films		38			40			37			39
Retail & Industrial		62			60			63			61
Engineered Materials		100	%		100	%		100	%		100	%

Health		17			14			17			14
Hygiene		53			54			54			55
Specialties		30			32			29			31
Health, Hygiene & Specialties		100	%		100	%		100	%		100	%

Leases (Tables)

6 Months Ended

Mar. 28, 2020

Leases [Abstract]

Lease Assets and Liabilities

Supplemental lease information is as follows:

Leases	Classification	March 28, 2020
Assets
Operating lease right-of-use assets	Right-of-use assets	$	574
Finance lease right-of-use assets	Property, plant, and equipment		99
Current liabilities
Operating lease liabilities	Other current liabilities	$	112
Finance lease liabilities	Current portion of long-term debt		19
Non-current liabilities
Operating lease liabilities	Operating lease liabilities	$	479
Finance lease liabilities	Long-term debt, less current portion		81

Lease Cost

Lease cost	Quarterly Period Ended March 28, 2020		Two Quarterly Periods Ended March 28, 2020
Operating lease cost	$	28	$	57
Finance lease cost:
Amortization of right-of-use assets		4		8
Interest on lease liabilities		1		2
Total finance lease cost		5		10
Short-term lease cost		4		8
Total lease cost	$	37	$	75

Cash Paid for Amounts Included in Lease Liabilities

Cash paid for amounts included in lease liabilities	Two Quarterly Periods Ended March 28, 2020
Operating cash flows from operating leases	$	57
Operating cash flows from finance leases		1
Financing cash flows from finance leases		17

Weighted Average Remaining Lease Terms and Discount Rates

	March 28, 2020
Weighted-average remaining lease term - operating leases	8 years
Weighted-average remaining lease term - finance leases	4 years
Weighted-average discount rate - operating leases		4.5	%
Weighted-average discount rate - finance leases		3.7	%

Annual Lease Commitments Under Operating and Finance Leases

At March 28, 2020, annual lease commitments were as follows:

Fiscal Year	Operating Leases			Finance Leases
Remainder of 2020	$	59		$	19
2021		111			27
2022		97			26
2023		84			13
2024		70			7
Thereafter		303			15
Total lease payments		724			107
Less: Interest		(133	)		(7	)
Present value of lease liabilities	$	591		$	100

Income Taxes	6 Months Ended
Income Taxes	Mar. 28, 2020
Income Taxes [Abstract]
Income Taxes	9. Income Taxes The effective tax rate for the quarter and year-to-date period was negatively impacted by 2% from uncertain tax positions recognized in the quarter and 2% from global intangible low-taxed income provisions.

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Mar. 28, 2020
Basis of Presentation [Abstract]
Basis of Presentation	The accompanying unaudited Condensed Consolidated Financial Statements of Berry Global Group, Inc. ("the Company," "we," or "Berry") have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") pursuant to the rules and regulations of the Securities and Exchange Commission for interim reporting. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.
Use of Estimates	In preparing financial statements in conformity with GAAP, we must make estimates and assumptions that affect the reported amounts and disclosures at the date of the financial statements and during the reporting period. Actual results could differ from those estimates.
Reclassifications	The Company has recast certain prior period amounts to conform to current reporting.

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 28, 2020	Sep. 28, 2019
Current assets:
Cash and cash equivalents	$ 953	$ 750
Accounts receivable (less allowance of $28 and $28, respectively)	1,537	1,526
Finished goods	801	743
Raw materials and supplies	565	581
Prepaid expenses and other current assets	197	157
Total current assets	4,053	3,757
Noncurrent assets:
Property, plant, and equipment	4,467	4,714
Goodwill and intangible assets	7,768	7,831
Right-of-use assets	574	0
Other assets	87	167
Total assets	16,949	16,469
Current liabilities:
Accounts payable	1,231	1,159
Accrued employee costs	227	214
Other current liabilities	672	562
Current portion of long-term debt	72	104
Total current liabilities	2,202	2,039
Noncurrent liabilities:
Long-term debt, less current portion	11,043	11,261
Deferred income taxes	608	803
Employee benefit obligations	316	327
Operating lease liabilities	479	0
Other long-term liabilities	650	421
Total liabilities	15,298	14,851
Stockholders' equity:
Common stock (132.5 and 132.3 million shares issued, respectively)	1	1
Additional paid-in capital	976	949
Retained earnings	1,222	1,054
Accumulated other comprehensive loss	(548)	(386)
Total stockholders' equity	1,651	1,618
Total liabilities and stockholders' equity	$ 16,949	$ 16,469

Share Repurchase Program	6 Months Ended
Share Repurchase Program	Mar. 28, 2020
Share Repurchase Program [Abstract]
Share Repurchase Program	12. Share Repurchase Program No shares were repurchased during the two quarterly periods ended March 28, 2020. Authorized share repurchases of $393 million remain available to the Company.

Financial Instruments and Fair Value Measurements (Tables)

6 Months Ended

Mar. 28, 2020

Financial Instruments and Fair Value Measurements [Abstract]

Fair Value of Derivatives and Location on Consolidated Balance Sheets

Derivative Instruments	Hedge Designation	Balance Sheet Location	March 28, 2020		September 28, 2019
Cross-currency swaps	Designated	Other assets	$	5	$	88
Cross-currency swaps	Designated	Other long-term liabilities		101		—
Interest rate swaps	Designated	Other long-term liabilities		208		81

Effect of Derivatives on Consolidated Statements of Income

The effect of the Company's derivative instruments on the Consolidated Statements of Income is as follows:

		Quarterly Period Ended						Two Quarterly Periods Ended
Derivative Instruments	Statements of Income Location	March 28, 2020			March 30, 2019			March 28, 2020			March 30, 2019
Cross-currency swaps	Interest expense, net	$	(1	)	$	(1	)	$	(3	)	$	(3	)
Foreign exchange forward contracts	Other expense, net		—			18			—			18
Interest rate swaps	Interest expense, net		17			(5	)		34			(9	)

Assets Measured at Fair Value on Non-recurring Basis

	As of March 28, 2020
	Level 1		Level 2		Level 3		Total		Impairment
Indefinite-lived trademarks	$	—	$	—	$	248	$	248	$	—
Goodwill		—		—		5,162		5,162		—
Definite lived intangible assets		—		—		2,358		2,358		—
Property, plant, and equipment		—		—		4,467		4,467		2
Total	$	—	$	—	$	12,235	$	12,235	$	2

	As of September 28, 2019
	Level 1		Level 2		Level 3		Total		Impairment
Indefinite-lived trademarks	$	—	$	—	$	248	$	248	$	—
Goodwill		—		—		5,051		5,051		—
Definite lived intangible assets		—		—		2,532		2,532		—
Property, plant, and equipment		—		—		4,714		4,714		8
Total	$	—	$	—	$	12,545	$	12,545	$	8

Recent Accounting Pronouncements	6 Months Ended
Recent Accounting Pronouncements	Mar. 28, 2020
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	2. Recent Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board ("FASB") in the form of accounting standards updates to the FASB's Accounting Standards Codification. During fiscal 2020, with the exception of the below, there have been no developments to the recently adopted accounting pronouncements from those disclosed in the Company's 2019 Annual Report on Form 10-K that are considered to have a material impact on our unaudited consolidated financial statements. Leases Effective September 29, 2019, the Company adopted ASU 2016-02, Leases (Topic 842), including all related amendments, using the modified retrospective approach and recognized the cumulative effect of adoption to retained earnings. Under the new standard, the lessee of an operating lease is required to: 1) recognize a right-of-use asset and a lease liability in the statement of financial position, 2) recognize a single lease cost allocated over the lease term generally on a straight-line basis, and 3) classify all cash payments within operating activities on the statement of cash flows. See Note 6. Leases for more information. Credit Losses In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) and issued subsequent amendments to the initial guidance. The new standard requires entities to measure all expected credit losses for most financial assets held at the reporting date based on an expected loss model, which includes historical experience, current conditions, and reasonable and supportable forecasts. The new standard also requires enhanced disclosure. The new standard will be effective for the Company beginning fiscal 2021. The Company is in the process of evaluating this new standard, however, the Company does not anticipate this to have a material impact. Defined Benefit Plans In August 2018, the FASB issued ASU 2018-14, Changes to the Disclosure Requirements for Defined Benefit Plans. The new standard removes requirements to disclose the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year and the effects of a one-percentage-point changes in assumed health care cost trend rates. The standard also adds requirements to disclose the reasons for significant gains and losses related to changes in the benefit obligations for the period and the accumulated benefit obligation ("ABO") for plans with ABOs in excess of plan assets. The new standard will be effective for the Company beginning fiscal 2022. The Company is currently evaluating the impact of the adoption of this standard to our disclosures. Income Taxes In December 2019, the FASB issued ASU 2019-12, Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740). The new guidance eliminates certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. It also clarifies and simplifies other aspects of the accounting for income taxes. The new standard will be effective for the Company beginning fiscal 2022. The Company is currently evaluating the impact of the adoption of this new standard. Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform - Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848). This standard provides temporary optional expedients and exceptions to the GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as SOFR. ASU 2020-04 is effective upon issuance and generally can be applied through the end of calendar year 2022. The Company is currently evaluating the impact and whether it plans to adopt the optional expedients and exceptions provided under this new standard.

Acquisitions and Dispositions

6 Months Ended

Mar. 28, 2020

Acquisitions and Dispositions [Abstract]

Acquisitions and Dispositions

4. Acquisitions and Dispositions

RPC Group Plc

In July 2019, the Company completed the acquisition of the entire outstanding share capital of RPC Group Plc (“RPC”), for aggregate consideration of $6.1 billion. RPC is a leading plastic product design and engineering company for packaging and select non-packaging markets, with 189 sites in 34 countries. RPC develops and manufactures a diverse range of products for a wide variety of customers, including many household names, and enjoys strong market positions in many of the end markets it serves and the geographical areas in which it operates. It uses a wide range of polymer conversion techniques in both rigid and flexible plastics manufacture, and is one of the largest plastic converters in Europe. The international based facilities are operated within the Consumer Packaging International segment with the remaining U.S. based facilities operated within the Consumer Packaging North America segment. The results of RPC have been included in the consolidated results of the Company since the date of the acquisition.

Net sales and operating income of RPC included in the Consolidated Statements of Income for the quarterly period ended March 28, 2020 were $1,174 million and $81 million, respectively. The majority of RPC activity for the quarter ended March 28, 2020, net sales of $1,045 million and operating income of $65 million, is operated in the Consumer Packaging International segment. Net sales and operating income of RPC included in the Consolidated Statements of Income for the two quarterly periods ended March 28, 2020 were $2,256 million and $135 million, respectively. The majority of RPC activity for the two quarterly periods ended March 28, 2020, net sales of $2,006 million and operating income of $107 million, is operated in the Consumer Packaging International segment.

The acquisition has been accounted for under the purchase method of accounting. Under this method, the assets acquired and liabilities assumed have been recorded based on preliminary valuation estimates of fair value. The final purchase accounting allocations for the RPC acquisition will depend on a number of factors, including the final valuation of our long-lived tangible and identified intangible assets acquired and liabilities assumed, and finalization of income tax effects of the opening balance sheet. The actual fair values of RPC’s assets acquired, liabilities assumed and resulting goodwill may differ materially once finalized. The Company has recognized goodwill on this transaction primarily as a result of expected cost synergies, and expects goodwill to be partially deductible for tax purposes.

The preliminary purchase price allocation has been updated for certain measurement period adjustments based on a preliminary valuation report resulting in a $211 million decrease in the property, plant and equipment, a $47 million decrease in intangible assets, a $19 million increase in inventory and a $89 million decrease in deferred tax liabilities. These adjustments resulted in corresponding increases to goodwill.

Consideration
Cash	$	6,079
Total consideration transferred		6,079

Identifiable assets acquired and liabilities assumed
Working capital^(a)		721
Property, plant and equipment		2,164
Identifiable intangible assets		1,665
Other assets		4
Other long-term liabilities		(837	)
Goodwill		2,362
Net assets acquired and liabilities assumed	$	6,079
^(a) Includes a $58 million step up of inventory to fair value

To finance the purchase, the Company issued $1,250 million aggregate principal amount of first priority senior secured notes due 2026, $500 million aggregate principal amount of second priority senior secured notes due 2027, and entered into incremental term loans due July 2026, to fund the remainder of the purchase price.

When including RPC results for the periods prior to the acquisition date, unaudited pro forma net sales and net income were $3.1 billion and $61 million, respectively, for the quarterly period ended March 30, 2019 and $6.3 billion and $169 million, respectively, for the two quarterly periods ended March 30, 2019. The unaudited pro forma net sales and net income assume that the RPC acquisition had occurred as of the beginning of the period.

Seal For Life

In July 2019, the Company completed the sale of its Seal For Life ("SFL") business which was operated in our Health, Hygiene & Specialties reporting segment for net proceeds of $325 million. SFL recorded $96 million in net sales during fiscal 2019.

Income Taxes (Details)	3 Months Ended	6 Months Ended
Income Taxes (Details)	Mar. 28, 2020	Mar. 28, 2020
Income Taxes [Abstract]
Uncertain tax positions recognized	(2.00%)	(2.00%)
Global intangible low-taxed income provision	(2.00%)	(2.00%)

Segment and Geographic Data (Tables)

6 Months Ended

Mar. 28, 2020

Segment and Geographic Data [Abstract]

Selected Information by Reportable Segment

Selected information by reportable segment is presented in the following tables:

	Quarterly Period Ended					Two Quarterly Periods Ended
	March 28, 2020		March 30, 2019			March 28, 2020		March 30, 2019
Net sales:
Consumer Packaging International	$	1,095	$	50		$	2,105	$	101
Consumer Packaging North America		706		639			1,386		1,240
Engineered Materials		598		619			1,183		1,280
Health, Hygiene & Specialties		576		642			1,117		1,301
Total net sales	$	2,975	$	1,950		$	5,791	$	3,922
Operating income:
Consumer Packaging International	$	61	$	(5	)	$	105	$	(1	)
Consumer Packaging North America		83		62			133		95
Engineered Materials		88		74			159		167
Health, Hygiene & Specialties		52		54			86		100
Total operating income	$	284	$	185		$	483	$	361
Depreciation and amortization:
Consumer Packaging International	$	80	$	4		$	161	$	8
Consumer Packaging North America		64		53			129		106
Engineered Materials		25		29			54		60
Health, Hygiene & Specialties		44		46			85		96
Total depreciation and amortization	$	213	$	132		$	429	$	270

Selected Information by Geographical Region

Selected information by geographical region is presented in the following tables:

	Quarterly Period Ended				Two Quarterly Periods Ended
	March 28, 2020		March 30, 2019		March 28, 2020		March 30, 2019
Net sales:
United States and Canada	$	1,705	$	1,595	$	3,218	$	3,200
Europe		981		210		1,984		414
Rest of world		289		145		589		308
Total net sales	$	2,975	$	1,950	$	5,791	$	3,922

Selected Information by Product Line

Selected information by product line is presented in the following tables:

	Quarterly Period Ended						Two Quarterly Periods Ended
	March 28, 2020			March 30, 2019			March 28, 2020			March 30, 2019
Net sales:
Packaging		83			100			82			100
Non-packaging		17			—			18			—
Consumer Packaging International		100	%		100	%		100	%		100	%

Rigid Open Top		44			43			45			44
Rigid Closed Top		56			57			55			56
Consumer Packaging North America		100	%		100	%		100	%		100	%

Core Films		38			40			37			39
Retail & Industrial		62			60			63			61
Engineered Materials		100	%		100	%		100	%		100	%

Health		17			14			17			14
Hygiene		53			54			54			55
Specialties		30			32			29			31
Health, Hygiene & Specialties		100	%		100	%		100	%		100	%

Long-Term Debt (Tables)

6 Months Ended

Mar. 28, 2020

Long-Term Debt [Abstract]

Long-Term Debt

Long-term debt consists of the following:

Facility	Maturity Date	March 28, 2020			September 28, 2019
Term loan	October 2022	$	1,545		$	1,545
Term loan	January 2024		451			489
Term loan	July 2026		4,229			4,250
Term loan^(a)	July 2026		—			1,176
Revolving line of credit	May 2024		—			—
5.50% Second Priority Senior Secured Notes	May 2022		500			500
6.00% Second Priority Senior Secured Notes	October 2022		200			400
5.125% Second Priority Senior Secured Notes	July 2023		700			700
1.00% First Priority Senior Secured Notes^(a)	July 2025		779			—
4.50% Second Priority Senior Secured Notes	February 2026		500			500
4.875% First Priority Senior Secured Notes	July 2026		1,250			1,250
5.625% Second Priority Senior Secured Notes	July 2027		500			500
1.50% First Priority Senior Secured Notes^(a)	July 2027		417			—
Debt discounts and deferred fees			(98	)		(112	)
Finance leases and other	Various		142			167
Total long-term debt			11,115			11,365
Current portion of long-term debt			(72	)		(104	)
Long-term debt, less current portion		$	11,043			11,261

^(a) Euro denominated

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Millions	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]	Total
Balance at Sep. 29, 2018	$ 1	$ 870	$ (156)	$ 719	$ 1,434
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	162	162
Other comprehensive loss	0	0	(30)	0	(30)
Share-based compensation	0	17	0	0	17
Proceeds from issuance of common stock	0	20	0	0	20
Common stock repurchased and retired	0	(3)	0	(69)	(72)
Balance at Mar. 30, 2019	1	904	(186)	812	1,531
Balance at Dec. 29, 2018	1	876	(177)	755	1,455
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	74	74
Other comprehensive loss	0	0	(9)	0	(9)
Share-based compensation	0	14	0	0	14
Proceeds from issuance of common stock	0	15	0	0	15
Common stock repurchased and retired	0	(1)	0	(17)	(18)
Balance at Mar. 30, 2019	1	904	(186)	812	1,531
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of lease accounting standard \| ASU 2016-02 [Member]	0	0	0	(5)	(5)
Balance at Sep. 28, 2019	1	949	(386)	1,054	1,618
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	173	173
Other comprehensive loss	0	0	(162)	0	(162)
Share-based compensation	0	24	0	0	24
Proceeds from issuance of common stock	0	3	0	0	3
Balance at Mar. 28, 2020	1	976	(548)	1,222	1,651
Balance at Dec. 28, 2019	1	970	(281)	1,096	1,786
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	126	126
Other comprehensive loss	0	0	(267)	0	(267)
Share-based compensation	0	5	0	0	5
Proceeds from issuance of common stock	0	1	0	0	1
Balance at Mar. 28, 2020	$ 1	$ 976	$ (548)	$ 1,222	$ 1,651

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Financial Instruments and Fair Value Measurements, Cross-Currency Swaps (Details)
€ in Millions, £ in Millions, $ in Millions

Mar. 28, 2020

USD ($)

Mar. 28, 2020

EUR (€)

Mar. 28, 2020

GBP (£)

Sep. 28, 2019

USD ($)

^[1]

Term Loan - Euro Denominated due July 2026 [Member]

Cross Currency Interest Rate Contract Maturing May 2022 [Member]

$ 0

€ 1,075

$ 1,176

Cross Currency Interest Rate Contract Maturing June 2024 [Member]

Notional amount of swap

250

Cross Currency Interest Rate Contract Maturing June 2024 [Member]

Notional amount of swap

€ 1,625