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TransDigm Group Inc. – ‘10-Q’ for 4/3/21 – ‘EX-31.2’

On:  Tuesday, 5/11/21, at 4:36pm ET   ·   For:  4/3/21   ·   Accession #:  1260221-21-60   ·   File #:  1-32833

Previous ‘10-Q’:  ‘10-Q’ on 2/9/21 for 1/2/21   ·   Next:  ‘10-Q’ on 8/10/21 for 7/3/21   ·   Latest:  ‘10-Q’ on 5/7/24 for 3/30/24   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 5/11/21  TransDigm Group Inc.              10-Q        4/03/21   85:10M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.09M 
 2: EX-22       Published Report re: Matters Submitted to a Vote    HTML     53K 
                of Security Holders                                              
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     27K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     27K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     24K 
 6: EX-32.2     Certification -- §906 - SOA'02                      HTML     24K 
13: R1          Document and Entity Information                     HTML     78K 
14: R2          Condensed Consolidated Balance Sheets               HTML    118K 
15: R3          Condensed Consolidated Balance Sheets               HTML     31K 
                Parenthetical                                                    
16: R4          Condensed Consolidated Statements of Income         HTML    104K 
17: R5          Condensed Consolidated Statements of Comprehensive  HTML     59K 
                Income                                                           
18: R6          Condensed Consolidated Statement of Changes in      HTML    131K 
                Stockholders' Deficit                                            
19: R7          Condensed Consolidated Statement of Cash Flows      HTML    135K 
20: R8          Description of the Business and Impact of Covid-19  HTML     31K 
                Pandemic                                                         
21: R9          Unaudited Interim Financial Information             HTML     27K 
22: R10         Acquisitions and Divestitures                       HTML     45K 
23: R11         Recent Accounting Pronouncements                    HTML     35K 
24: R12         Revenue Recognition                                 HTML     52K 
25: R13         Earnings Per Share                                  HTML     56K 
26: R14         Inventories                                         HTML     33K 
27: R15         Intangible Assets                                   HTML     73K 
28: R16         Debt                                                HTML     99K 
29: R17         Income Taxes                                        HTML     29K 
30: R18         Fair Value Measurements                             HTML     81K 
31: R19         Derivatives and Hedging Activities                  HTML     64K 
32: R20         Segments                                            HTML    100K 
33: R21         Retirement Plans                                    HTML     58K 
34: R22         Accumulated Other Comprehensive Loss                HTML     47K 
35: R23         Leases                                              HTML     81K 
36: R24         Commitments and Contingencies                       HTML     29K 
37: R25         Discontinued Operations                             HTML     37K 
38: R26         Acquisitions and Divestitures (Tables)              HTML     35K 
39: R27         Revenue Recognition (Tables)                        HTML     45K 
40: R28         Earnings Per Share (Tables)                         HTML     55K 
41: R29         Inventories (Tables)                                HTML     33K 
42: R30         Intangible Assets (Tables)                          HTML     76K 
43: R31         Debt (Tables)                                       HTML     92K 
44: R32         Fair Value Measurements (Tables)                    HTML     77K 
45: R33         Derivatives and Hedging Activities (Tables)         HTML     58K 
46: R34         Segments (Tables)                                   HTML     95K 
47: R35         Retirement Benefits (Tables)                        HTML     52K 
48: R36         Accumulated Other Comprehensive Loss (Tables)       HTML     46K 
49: R37         Leases (Tables)                                     HTML     98K 
50: R38         Discontinued Operations (Tables)                    HTML     38K 
51: R39         DESCRIPTION OF THE BUSINESS AND IMPACT OF COVID-19  HTML     43K 
                PANDEMIC - Narratives (Details)                                  
52: R40         ACQUISITIONS AND DIVESTITURES - Narratives          HTML     95K 
                (Details)                                                        
53: R41         REVENUE RECOGNITION - Contract Assets and           HTML     56K 
                Liabilities (Details)                                            
54: R42         REVENUE RECOGNITION - Allowance for Credit Losses   HTML     25K 
                (Details)                                                        
55: R43         EARNINGS PER SHARE - Computation of Basic and       HTML     63K 
                Diluted EPS (Two-Class Method) (Details)                         
56: R44         INVENTORIES - Schedule of Inventories (Details)     HTML     36K 
57: R45         INTANGIBLE ASSETS - Intangible Assets Subject to    HTML     58K 
                Amortization (Details)                                           
58: R46         INTANGIBLE ASSETS - Summary of Changes in Carrying  HTML     41K 
                Value of Goodwill (by Segment) (Details)                         
59: R47         INTANGIBLE ASSETS - Aggregate Amortization Expense  HTML     26K 
                on Identifiable Intangible Assets (Details)                      
60: R48         INTANGIBLE ASSETS - Summary of Intangible Assets    HTML     44K 
                Acquired (Details)                                               
61: R49         DEBT - Schedule of Debt (Details)                   HTML    134K 
62: R50         DEBT - Additional Debt Instruments (Details)        HTML     56K 
63: R51         INCOME TAXES - Narratives (Details)                 HTML     33K 
64: R52         FAIR VALUE MEASUREMENTS - Carrying Amounts and      HTML    122K 
                Fair Values of Financial Instruments (Details)                   
65: R53         DERIVATIVES AND HEDGING ACTIVITIES - Summary of     HTML     67K 
                Outstanding Interest Rate Swap and Cap Agreements                
                (Details)                                                        
66: R54         DERIVATIVES AND HEDGING ACTIVITIES - Summary of     HTML     31K 
                Balance Sheet Presentation of Derivative Assets                  
                and Liabilities (Details)                                        
67: R55         DERIVATIVES AND HEDGING ACTIVITIES - Narratives     HTML     56K 
                (Details)                                                        
68: R56         SEGMENTS - Narratives (Details)                     HTML     25K 
69: R57         SEGMENTS - Schedule of Net Sales by Reportable      HTML     48K 
                Segment (Details)                                                
70: R58         SEGMENTS - Reconciliation of EBITDA Defined by      HTML     61K 
                Segment to Consolidated Income from Continuing                   
                Operations Before Income Taxes (Details)                         
71: R59         SEGMENTS - Schedule of Total Assets by Segment      HTML     37K 
                (Details)                                                        
72: R60         RETIREMENT PLANS - Components of Net Periodic       HTML     47K 
                Pension (Benefit) Cost (Both US and Non-US Plans)                
                (Details)                                                        
73: R61         ACCUMULATED OTHER COMPREHENSIVE LOSS - Tax Impact   HTML     26K 
                Related to Components of OCI (Details)                           
74: R62         ACCUMULATED OTHER COMPREHENSIVE LOSS - Schedule of  HTML     42K 
                Accumulated Other Comprehensive Loss, Net of Taxes               
                (Details)                                                        
75: R63         LEASES - Components of Lease Expense (Details)      HTML     43K 
76: R64         LEASES - Supplemental Cash Flow Information         HTML     35K 
                Related To Leases (Details)                                      
77: R65         LEASES - Supplemental Balance Sheet Information     HTML     61K 
                Related to Leases, Including the Remaining Lease                 
                Term and Weighted Average Discount Rates (Details)               
78: R66         LEASES - Maturities Schedule of Operating and       HTML     65K 
                Financing Leases (Details)                                       
79: R67         COMMITMENTS AND CONTINGENCIES - Narratives          HTML     34K 
                (Details)                                                        
80: R68         DISCONTINUED OPERATIONS - Summary of Operating      HTML     52K 
                Results for Discontinued Operations (Details)                    
81: R69         DISCONTINUED OPERATIONS - Narratives (Details)      HTML     38K 
83: XML         IDEA XML File -- Filing Summary                      XML    151K 
12: XML         XBRL Instance -- tdg-20210403_htm                    XML   2.75M 
82: EXCEL       IDEA Workbook of Financial Reports                  XLSX    107K 
 8: EX-101.CAL  XBRL Calculations -- tdg-20210403_cal                XML    211K 
 9: EX-101.DEF  XBRL Definitions -- tdg-20210403_def                 XML    987K 
10: EX-101.LAB  XBRL Labels -- tdg-20210403_lab                      XML   1.68M 
11: EX-101.PRE  XBRL Presentations -- tdg-20210403_pre               XML   1.15M 
 7: EX-101.SCH  XBRL Schema -- tdg-20210403                          XSD    181K 
84: JSON        XBRL Instance as JSON Data -- MetaLinks              419±   599K 
85: ZIP         XBRL Zipped Folder -- 0001260221-21-000060-xbrl      Zip    358K 


‘EX-31.2’   —   Certification — §302 – SOA’02


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Exhibit 31.2
CERTIFICATION
I, Michael Lisman, certify that:
1.I have reviewed this quarterly report on Form 10-Q of TransDigm Group Incorporated;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s second fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors:

(a)all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date: May 11, 2021
 
/s/ Michael Lisman
Name: Michael Lisman
Title: Chief Financial Officer
(Principal Financial Officer)


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:5/11/218-K
For Period end:4/3/21
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/20/21  TransDigm Group Inc.              424B3                  1:1M
 8/10/21  TransDigm Group Inc.              S-49/21/21   25:21M


2 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/21/21  TransDigm Group Inc.              8-K:1,2,9   4/21/21   12:1.3M                                   Donnelley … Solutions/FA
 1/20/21  TransDigm Group Inc.              8-K:1,2,9   1/20/21   12:1.3M                                   Donnelley … Solutions/FA
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Filing Submission 0001260221-21-000060   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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