v3.26.1
SEGMENTS (Tables)
 9 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
EBITDA Defined by Segment to Consolidated Income Before Taxes
The following table sets forth, for the periods indicated, certain financial information by reportable segment, which includes a reconciliation of EBITDA As Defined to consolidated income from continuing operations before income taxes (in millions):
Thirteen Week Period Ended June 27, 2026
Power & ControlAirframeNon-aviationTotal
Net sales to external customers
Commercial and non-aerospace OEM$293 $346 $639 
Commercial and non-aerospace aftermarket483 425 908 
Defense733 415 1,148 
Non-aviation— — 46 46 
Net sales1,509 1,186 46 2,741 
Less:
Other segment expenses (1)
701 541 25 
Total segment EBITDA As Defined808 645 21 1,474 
Less: Unallocated corporate EBITDA As Defined27 
Depreciation and amortization expense118 
Interest expense-net514 
Acquisition transaction and integration-related expenses35 
Non-cash stock and deferred compensation expense65 
Other, net2 
Income from continuing operations before income taxes$713 
(1)Primarily represents cost of sales, selling expenses, general and administrative expenses, research and development, and miscellaneous income or expense. Excludes depreciation and amortization; non-cash stock and deferred compensation expense; foreign currency transaction gains or losses and acquisition transaction and integration-related expenses.
Thirty-Nine Week Period Ended June 27, 2026
Power & ControlAirframeNon-aviationTotal
Net sales to external customers
Commercial and non-aerospace OEM$818 $960 $1,778 
Commercial and non-aerospace aftermarket1,285 1,193 2,478 
Defense1,996 1,187 3,183 
Non-aviation— — 130 130 
Net sales4,099 3,340 130 7,569 
Less:
Other segment expenses (1)
1,902 1,532 74 
Total segment EBITDA As Defined2,197 1,808 56 4,061 
Less: Unallocated corporate EBITDA As Defined80 
Depreciation and amortization expense324 
Interest expense-net1,472 
Acquisition transaction and integration-related expenses66 
Non-cash stock and deferred compensation expense118 
Other, net16 
Income from continuing operations before income taxes$1,985 
(1)Primarily represents cost of sales, selling expenses, general and administrative expenses, research and development, and miscellaneous income or expense. Excludes depreciation and amortization; non-cash stock and deferred compensation expense; foreign currency transaction gains or losses; acquisition transaction and integration-related expenses and payroll withholding taxes related to dividend equivalent payments.
Thirteen Week Period Ended June 28, 2025
Power & ControlAirframeNon-aviationTotal
Net sales to external customers
Commercial and non-aerospace OEM$233 $303 $536 
Commercial and non-aerospace aftermarket331 367 698 
Defense575 388 963 
Non-aviation— — 40 40 
Net sales1,139 1,058 40 $2,237 
Less:
Other segment expenses (1)
493 489 23 
Total segment EBITDA As Defined646 569 17 1,232 
Less: Unallocated corporate EBITDA As Defined15 
Depreciation and amortization expense91 
Interest expense-net397 
Acquisition transaction and integration-related expenses9 
Non-cash stock and deferred compensation expense51 
Other, net34 
Income from continuing operations before income taxes$635 
(1)Primarily represents cost of sales, selling expenses, general and administrative expenses, research and development, and miscellaneous income or expense. Excludes depreciation and amortization; non-cash stock and deferred compensation expense; foreign currency transaction gains or losses and acquisition transaction and integration-related expenses.
Thirty-Nine Week Period Ended June 28, 2025
Power & ControlAirframeNon-aviationTotal
Net sales to external customers
Commercial and non-aerospace OEM$659 $886 $1,545 
Commercial and non-aerospace aftermarket1,012 1,057 2,069 
Defense1,603 1,064 2,667 
Non-aviation— — 113 113 
Net sales3,274 3,007 113 $6,394 
Less:
Other segment expenses (1)
1,406 1,394 68 
Total segment EBITDA As Defined1,868 1,613 45 3,526 
Less: Unallocated corporate EBITDA As Defined85 
Depreciation and amortization expense271 
Interest expense-net1,152 
Acquisition transaction and integration-related expenses32 
Non-cash stock and deferred compensation expense124 
Other, net(14)
Income from continuing operations before income taxes$1,876 
(1)Primarily represents cost of sales, selling expenses, general and administrative expenses, research and development, and miscellaneous income or expense. Excludes depreciation and amortization; non-cash stock and deferred compensation expense; foreign currency transaction gains or losses; acquisition transaction and integration-related expenses and payroll withholding taxes related to dividend equivalent payments.
Schedule of Capital Expenditures and Depreciation and Amortization by Segment
The following table presents capital expenditures and depreciation and amortization by segment (in millions):
Thirteen Week Periods Ended Thirty-Nine Week Periods Ended
June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Capital expenditures
Power & Control$39 $27 $105 $76 
Airframe33 26 92 72 
Non-aviation1 4 7 7 
Corporate (1)
1 1 1 1 
$74 $58 $205 $156 
Depreciation and amortization
Power & Control67 45 177 130 
Airframe49 45 142 136 
Non-aviation2 1 4 4 
Corporate (1)
— — 1 1 
$118 $91 $324 $271 
Total Assets by Segment
The following table presents total assets by segment (in millions):
June 27, 2026September 30, 2025
Total assets
Power & Control$13,626 $9,859 
Airframe10,497 10,267 
Non-aviation214 202 
Corporate (1)
2,417 2,581 
$26,754 $22,909 
(1)Corporate consists of our corporate offices and does not constitute an operating segment. These amounts are included to reconcile to total consolidated assets.