SEC Company Response from TransDigm Group INC (TDG) (CIK 0001260221) (TDG) — Mar 8, 2021
TransDigm Group INC (TDG) (CIK 0001260221)
Date: March 8, 2021 · CIK: 0001260221 · Accession: 0001260221-21-000035
AI Filing Summary & Sentiment
File numbers found in text: 001-32833
Referenced dates: March 4, 2021
Letter
United States Securities and Exchange Commission Division of Corporation Finance Attention: John Cash Re: TransDigm Group Incorporated Form 10-K for the Fiscal Year Ended September 30, 2020 Filed November 12, 2020 File No. 001-32833
Dear Messrs. Cash and Stertzel:
TransDigm Group Incorporated, a Delaware-based corporation (the “Company”), is submitting this letter in response to the comment letter from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”), dated March 4, 2021, with respect to the Company’s Form 10-K for the fiscal year ended September 30, 2020 filed with the Commission on November 12, 2020. For your convenience, we have included the Staff’s comment below and the Company’s response immediately following the comment.
Form 10-K for the Fiscal Year Ended September 30, 2020
Financial Statements
Note 17 Segments, page F-33
1.Comment: We note you have properties and operations in various geographic areas and countries. We further note you have not provided the entity-wide disclosures contemplated in ASC 280-10-50-41. Please modify your segment disclosures in future filings to provide these additional disclosures or otherwise please explain why you believe they are not required. For additional guidance, please also refer to ASC 280-10-55-20 through 55-25.
Response: We acknowledge the Staff's comment and the standards set forth in ASC 280-10-50-41 and related guidance. In future filings, the Company will disclose net sales to external customers and long-lived assets attributable to the United States separately from other geographic areas. The geographic areas in which net sales and long-lived assets will be disclosed are "United States" and "Foreign Countries," with net sales being based on the geographic destination of sales. Net sales and long-lived assets of individual countries outside of the United States are not material.
If you have any further questions or require additional information, please do not hesitate to contact me at (216) 706-2960.
Sincerely,
/s/ Michael Lisman
Show Raw Text
CORRESP 1 filename1.htm Document March 8, 2021 CORRESPONDENCE FILING VIA EDGAR United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, NE Washington, D.C. 20549 Attention: John Cash Kevin Stertzel Re: TransDigm Group Incorporated Form 10-K for the Fiscal Year Ended September 30, 2020 Filed November 12, 2020 File No. 001-32833 Dear Messrs. Cash and Stertzel: TransDigm Group Incorporated, a Delaware-based corporation (the “Company”), is submitting this letter in response to the comment letter from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”), dated March 4, 2021, with respect to the Company’s Form 10-K for the fiscal year ended September 30, 2020 filed with the Commission on November 12, 2020. For your convenience, we have included the Staff’s comment below and the Company’s response immediately following the comment. Form 10-K for the Fiscal Year Ended September 30, 2020 Financial Statements Note 17 Segments, page F-33 1.Comment: We note you have properties and operations in various geographic areas and countries. We further note you have not provided the entity-wide disclosures contemplated in ASC 280-10-50-41. Please modify your segment disclosures in future filings to provide these additional disclosures or otherwise please explain why you believe they are not required. For additional guidance, please also refer to ASC 280-10-55-20 through 55-25. Response: We acknowledge the Staff's comment and the standards set forth in ASC 280-10-50-41 and related guidance. In future filings, the Company will disclose net sales to external customers and long-lived assets attributable to the United States separately from other geographic areas. The geographic areas in which net sales and long-lived assets will be disclosed are "United States" and "Foreign Countries," with net sales being based on the geographic destination of sales. Net sales and long-lived assets of individual countries outside of the United States are not material. If you have any further questions or require additional information, please do not hesitate to contact me at (216) 706-2960. Sincerely, /s/ Michael Lisman Michael Lisman Chief Financial Officer TransDigm Group Incorporated