R | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Wisconsin | 39-0380010 | |
(State of Incorporation) | (I.R.S. Employer Identification No.) | |
5757 North Green Bay Avenue Milwaukee, Wisconsin | 53209 | |
(Address of principal executive offices) | (Zip Code) |
Large accelerated filer | R | Accelerated filer | ¨ | |||
Non-accelerated filer | ¨ | Smaller reporting company | ¨ | |||
(Do not check if a smaller reporting company) |
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ITEM 1B. | ||
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ITEM 4. | MINE SAFETY DISCLOSURES | |
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ITEM 1 | BUSINESS |
ITEM 1B | UNRESOLVED STAFF COMMENTS |
ITEM 2 | PROPERTIES |
ITEM 3 | LEGAL PROCEEDINGS |
ITEM 4 | MINE SAFETY DISCLOSURES |
ITEM 5 | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES |
ITEM 6 | SELECTED FINANCIAL DATA |
ITEM 7 | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
Year Ended September 30, | ||||||||||
(in millions) | 2016 | 2015 | Change | |||||||
Net sales | $ | 36,866 | $ | 37,179 | -1 | % |
Year Ended September 30, | ||||||||||
(in millions) | 2016 | 2015 | Change | |||||||
Cost of sales | $ | 29,807 | $ | 30,732 | -3 | % | ||||
Gross profit | 7,059 | 6,447 | 9 | % | ||||||
% of sales | 19.1 | % | 17.3 | % |
Year Ended September 30, | ||||||||||
(in millions) | 2016 | 2015 | Change | |||||||
Selling, general and administrative expenses | $ | 5,100 | $ | 3,986 | 28 | % | ||||
% of sales | 13.8 | % | 10.7 | % |
Year Ended September 30, | ||||||||||
(in millions) | 2016 | 2015 | Change | |||||||
Restructuring and impairment costs | $ | 535 | $ | 397 | 35 | % |
Year Ended September 30, | ||||||||||
(in millions) | 2016 | 2015 | Change | |||||||
Net financing charges | $ | 300 | $ | 288 | 4 | % |
Year Ended September 30, | |||||||||
(in millions) | 2016 | 2015 | Change | ||||||
Interest expense due to affiliate | $ | 27 | $ | — | * |
Year Ended September 30, | ||||||||||
(in millions) | 2016 | 2015 | Change | |||||||
Equity income | $ | 530 | $ | 375 | 41 | % |
Year Ended September 30, | |||||||||
(in millions) | 2016 | 2015 | Change | ||||||
Income tax provision | $ | 2,259 | $ | 600 | * | ||||
Effective tax rate | 139 | % | 28 | % |
Year Ended September 30, | |||||||||
(in millions) | 2016 | 2015 | Change | ||||||
Income from discontinued operations, net of tax | $ | — | $ | 128 | * |
Year Ended September 30, | ||||||||||
(in millions) | 2016 | 2015 | Change | |||||||
Income from continuing operations attributable to noncontrolling interests | $ | 215 | $ | 112 | 92 | % | ||||
Income from discontinued operations attributable to noncontrolling interests | — | 4 | * |
Year Ended September 30, | |||||||||
(in millions) | 2016 | 2015 | Change | ||||||
Net income (loss) attributable to Johnson Controls, Inc. | $ | (847 | ) | $ | 1,563 | * |
Year Ended September 30, | |||||||||
(in millions) | 2016 | 2015 | Change | ||||||
Comprehensive income (loss) attributable to Johnson Controls, Inc. | $ | (877 | ) | $ | 743 | * |
Net Sales for the Year Ended September 30, | Segment EBIT for the Year Ended September 30, | ||||||||||||||||||||
(in millions) | 2016 | 2015 | Change | 2016 | 2015 | Change | |||||||||||||||
Systems and Service North America | $ | 4,292 | $ | 4,184 | 3 | % | $ | 412 | $ | 375 | 10 | % | |||||||||
Products North America | 2,488 | 2,450 | 2 | % | 173 | 306 | -43 | % | |||||||||||||
Asia | 4,830 | 1,985 | * | 431 | 191 | * | |||||||||||||||
Rest of World | 1,766 | 1,891 | -7 | % | 20 | 51 | -61 | % | |||||||||||||
$ | 13,376 | $ | 10,510 | 27 | % | $ | 1,036 | $ | 923 | 12 | % |
• | The increase in Systems and Service North America was due to higher volumes of controls systems and service ($183 million), partially offset by lower volumes related to business divestitures ($52 million) and the unfavorable impact of foreign currency translation ($23 million). The increase in volumes was primarily attributable to market share gains. |
• | The increase in Products North America was due to higher volumes ($49 million), partially offset by the unfavorable impact of foreign currency translation ($11 million). The increase in volumes was primarily driven by new product offerings. |
• | The increase in Asia was due to incremental sales related to the JCH joint venture ($2,808 million), higher service volumes ($56 million), and higher volumes of equipment and control systems ($30 million), partially offset by the unfavorable impact of foreign currency translation ($49 million). The increase in volume was driven by favorable local economic conditions. |
• | The decrease in Rest of World was due to the unfavorable impact of foreign currency translation ($80 million) and lower volumes in Latin America ($22 million), Europe ($16 million) and the Middle East ($14 million), partially offset by incremental sales related to a business acquisition ($7 million). The net decrease in volumes was primarily attributable to unfavorable local market conditions and the discontinuance of certain products. |
• | The increase in Systems and Service North America was due to lower selling, general and administrative expenses ($63 million) as a result of restructuring actions and other cost reduction initiatives and a current year gain on business divestitures net of a prior year gain on business divestitures, higher volumes ($42 million), and prior year transaction and integration costs ($4 million), partially offset by current year transaction costs ($53 million), unfavorable margin rates ($8 million), lower income due to a prior year business divestiture ($5 million), the unfavorable impact of foreign currency translation ($4 million) and a pension settlement loss ($2 million). |
• | The decrease in Products North America was due to higher selling, general and administrative expenses ($118 million)due to global product and related sales force investments and a prior year gain on business divestitures, current year transaction costs ($30 million), unfavorable margin rates ($6 million), a pension settlement loss ($3 million) and the unfavorable impact of foreign currency translation ($1 million), partially offset by higher volumes ($16 million), prior year transaction and integration costs ($8 million), and higher equity income ($1 million). |
• | The increase in Asia was due primarily to incremental operating income related to the JCH joint venture exclusive of global investments in related products and technologies ($293 million), higher volumes ($29 million), prior year transaction and integration costs ($24 million), and lower selling, general and administrative expenses ($2 million), partially offset |
• | The decrease in Rest of World was due to current year transaction costs ($21 million), lower volumes ($13 million), higher selling, general and administrative expenses ($5 million), unfavorable margin rates ($3 million), lower equity income ($3 million) and the unfavorable impact of foreign currency translation ($3 million), partially offset by a gain on business divestiture ($12 million), a gain on acquisition of a partially-owned affiliate ($4 million) and prior year transaction costs ($1 million). |
Net Sales for the Year Ended September 30, | Segment EBIT for the Year Ended September 30, | ||||||||||||||||||||
(in millions) | 2016 | 2015 | Change | 2016 | 2015 | Change | |||||||||||||||
Seating | $ | 16,355 | $ | 16,539 | -1 | % | $ | 676 | $ | 928 | -27 | % | |||||||||
Interiors | 482 | 3,540 | -86 | % | 75 | 254 | -70 | % | |||||||||||||
$ | 16,837 | $ | 20,079 | -16 | % | $ | 751 | $ | 1,182 | -36 | % |
• | The decrease in Seating was due to the unfavorable impact of foreign currency translation ($402 million), and net unfavorable pricing and commercial settlements ($142 million), partially offset by higher volumes ($341 million) and incremental sales related to a prior year business acquisition ($19 million). The higher volumes were attributable to growth in Asia and Europe, partially offset by softness in the Americas due to changes in automotive production levels and expiring programs in North America. |
• | The decrease in Interiors was due to the deconsolidation of the majority of the Interiors business in the prior year ($2,954 million), lower volumes primarily due to plant wind downs ($87 million), the unfavorable impact of foreign currency translation ($9 million), and net unfavorable pricing and commercial settlements ($8 million). |
• | The decrease in Seating was due to current year separation costs related to the Automotive Experience spin-off ($458 million), net unfavorable pricing and commercial settlements ($33 million), unfavorable mix due to lower volumes at higher margin platforms ($26 million), the unfavorable impact of foreign currency translation ($16 million), a prior year gain on a business divestiture ($10 million) and a pension settlement loss ($5 million), partially offset by lower operating costs as a result of restructuring actions and operational efficiencies ($74 million), lower selling, general and administrative expenses as a result of a favorable legal settlement and cost reduction initiatives ($54 million), lower purchasing costs resulting from supplier price concessions ($46 million), higher equity income ($37 million), higher volumes ($35 million), lower engineering expenses ($32 million), prior year separation costs ($16 million) and incremental operating income related to a business acquisition ($2 million). |
• | The decrease in Interiors was due to a prior year net gain on a business divestiture ($145 million), the impact of the July 2, 2015 joint venture transaction and related prior year held for sale depreciation impact ($109 million), lower volumes ($12 million), net unfavorable pricing and commercial settlements ($7 million), current year integration costs ($1 million) and the unfavorable impact of foreign currency translation ($1 million), partially offset by prior year transaction and integration costs ($38 million), favorable settlements related to prior year business divestitures ($22 million), lower selling, general and administrative expenses as a result of cost reduction initiatives ($21 million), lower operating costs ($10 million) and higher equity income ($5 million). |
Year Ended September 30, | ||||||||||
(in millions) | 2016 | 2015 | Change | |||||||
Net sales | $ | 6,653 | $ | 6,590 | 1 | % | ||||
Segment EBIT | 1,253 | 1,153 | 9 | % |
• | Net sales increased due to higher sales volumes ($246 million), and favorable pricing and product mix ($105 million), partially offset by the unfavorable impact of foreign currency translation ($180 million) and the impact of lower lead costs on pricing ($108 million). The increase in volumes was primarily driven by start-stop battery volumes and growth in China. Additionally, higher start-stop volumes contributed to favorable product mix. |
• | Segment EBIT increased due to higher volumes ($77 million), favorable pricing and product mix ($55 million), and lower selling, general and administrative expenses due to lower employee related expenses and cost reduction initiatives ($55 million), partially offset by higher operating costs primarily driven by efforts to increase supply to satisfy growing customer demand and launch new capacity in China ($48 million), the unfavorable impact of foreign currency translation ($29 million), restructuring and impairment costs included in equity income ($7 million), a pension settlement loss ($1 million), transaction costs ($1 million) and lower equity income ($1 million). |
Year Ended September 30, | ||||||||||
(in millions) | 2015 | 2014 | Change | |||||||
Net sales | $ | 37,179 | $ | 38,749 | -4 | % |
Year Ended September 30, | ||||||||||
(in millions) | 2015 | 2014 | Change | |||||||
Cost of sales | $ | 30,732 | $ | 32,444 | -5 | % | ||||
Gross profit | 6,447 | 6,305 | 2 | % | ||||||
% of sales | 17.3 | % | 16.3 | % |
Year Ended September 30, | ||||||||||
(in millions) | 2015 | 2014 | Change | |||||||
Selling, general and administrative expenses | $ | 3,986 | $ | 4,216 | -5 | % | ||||
% of sales | 10.7 | % | 10.9 | % |
Year Ended September 30, | ||||||||||
(in millions) | 2015 | 2014 | Change | |||||||
Restructuring and impairment costs | $ | 397 | $ | 324 | 23 | % |
Year Ended September 30, | ||||||||||
(in millions) | 2015 | 2014 | Change | |||||||
Net financing charges | $ | 288 | $ | 244 | 18 | % |
Year Ended September 30, | ||||||||||
(in millions) | 2015 | 2014 | Change | |||||||
Equity income | $ | 375 | $ | 395 | -5 | % |
Year Ended September 30, | ||||||||||
(in millions) | 2015 | 2014 | Change | |||||||
Income tax provision | $ | 600 | $ | 407 | 47 | % | ||||
Effective tax rate | 28 | % | 21 | % |
Year Ended September 30, | |||||||||
(in millions) | 2015 | 2014 | Change | ||||||
Income (loss) from discontinued operations, net of tax | $ | 128 | $ | (166 | ) | * |
Year Ended September 30, | ||||||||||
(in millions) | 2015 | 2014 | Change | |||||||
Income from continuing operations attributable to noncontrolling interests | $ | 112 | $ | 105 | 7 | % | ||||
Income from discontinued operations attributable to noncontrolling interests | 4 | 23 | -83 | % |
Year Ended September 30, | ||||||||||
(in millions) | 2015 | 2014 | Change | |||||||
Net income attributable to Johnson Controls, Inc. | $ | 1,563 | $ | 1,215 | 29 | % |
Year Ended September 30, | ||||||||||
(in millions) | 2015 | 2014 | Change | |||||||
Comprehensive income attributable to Johnson Controls, Inc. | $ | 743 | $ | 560 | 33 | % |
Net Sales for the Year Ended September 30, | Segment EBIT for the Year Ended September 30, | ||||||||||||||||||||
(in millions) | 2015 | 2014 | Change | 2015 | 2014 | Change | |||||||||||||||
Systems and Service North America | $ | 4,184 | $ | 4,098 | 2 | % | $ | 375 | $ | 354 | 6 | % | |||||||||
Products North America | 2,450 | 1,807 | 36 | % | 306 | 238 | 29 | % | |||||||||||||
Asia | 1,985 | 2,077 | -4 | % | 191 | 270 | -29 | % | |||||||||||||
Rest of World | 1,891 | 2,103 | -10 | % | 51 | (45 | ) | * | |||||||||||||
$ | 10,510 | $ | 10,085 | 4 | % | $ | 923 | $ | 817 | 13 | % |
• | The increase in Systems and Service North America was due to higher volumes of controls systems and service ($129 million), partially offset by the unfavorable impact of foreign currency translation ($43 million). |
• | The increase in Products North America was due to incremental sales related to the ADTi acquisition ($587 million), and higher volumes of residential and commercial products ($65 million), partially offset by the unfavorable impact of foreign currency translation ($9 million). |
• | The decrease in Asia was due to the unfavorable impact of foreign currency translation ($107 million), and lower volumes of equipment and controls systems ($80 million), partially offset by incremental sales due to business acquisitions ($58 million) and higher service volumes ($37 million). |
• | The decrease in Rest of World was due to the unfavorable impact of foreign currency translation ($255 million) and lower volumes in Latin America ($72 million), partially offset by higher volumes in the Middle East ($71 million) and Europe ($22 million), and incremental sales related to the ADTi acquisition ($22 million). |
• | The increase in Systems and Service North America was due to higher volumes ($30 million), net unfavorable prior year contract related charges ($9 million) and a prior year pension settlement loss ($3 million), partially offset by higher selling, general and administrative expenses net of a current year gain on business divestiture ($13 million), current year transaction and integration costs ($4 million), and the unfavorable impact of foreign currency translation ($4 million). |
• | The increase in Products North America was due to incremental operating income related to the ADTi acquisition ($53 million), prior year acquisition related costs ($27 million), higher volumes ($22 million), higher equity income ($2 million), a prior year pension settlement loss ($1 million) and the favorable impact of foreign currency translation ($1 million), partially offset by higher selling, general and administrative expenses net of current year gains on business divestitures ($28 million), current year transaction and integration costs ($8 million), and unfavorable mix and margin rates ($2 million). |
• | The decrease in Asia was due to higher selling, general and administrative expenses ($26 million), current year transaction and integration costs ($24 million), a prior year gain on acquisition of partially-owned affiliates ($19 million), lower volumes ($17 million) and the unfavorable impact of foreign currency translation ($17 million), partially offset by favorable mix and margin rates ($17 million), and incremental operating income due to business acquisitions ($7 million). |
• | The increase in Rest of World was due to net unfavorable prior year contract related charges in the Middle East ($50 million), favorable mix and margin rates ($49 million), higher equity income ($7 million), higher volumes ($4 million), lower selling, general and administrative expenses ($1 million), and incremental operating income due to business |
Net Sales for the Year Ended September 30, | Segment EBIT for the Year Ended September 30, | ||||||||||||||||||||
(in millions) | 2015 | 2014 | Change | 2015 | 2014 | Change | |||||||||||||||
Seating | $ | 16,539 | $ | 17,531 | -6 | % | $ | 928 | $ | 853 | 9 | % | |||||||||
Interiors | 3,540 | 4,501 | -21 | % | 254 | (1 | ) | * | |||||||||||||
$ | 20,079 | $ | 22,032 | -9 | % | $ | 1,182 | $ | 852 | 39 | % |
• | The decrease in Seating was due to the unfavorable impact of foreign currency translation ($1.4 billion), partially offset by higher volumes ($280 million), incremental sales related to a business acquisition ($57 million), and net favorable pricing and commercial settlements ($51 million). |
• | The decrease in Interiors was due to the deconsolidation of the majority of the Interiors business on July 2, 2015 ($924 million), lower volumes related to a prior year business divestiture ($248 million), the unfavorable impact of foreign currency translation ($229 million) and unfavorable sales mix ($138 million), partially offset by higher volumes ($506 million), net favorable pricing and commercial settlements ($45 million), and incremental sales related to business acquisitions ($27 million). |
• | The increase in Seating was due to net favorable pricing and commercial settlements ($65 million), lower purchasing costs ($64 million), higher volumes ($56 million), lower selling, general and administrative expenses ($30 million), lower engineering expenses ($29 million), higher equity income ($20 million), a gain on a business divestiture ($10 million), incremental operating income related to a business acquisition ($7 million) and a prior year pension settlement loss ($5 million), partially offset by higher operating costs ($117 million), the unfavorable impact of foreign currency translation ($47 million), unfavorable mix ($31 million) and current year separation costs ($16 million). |
• | The increase in Interiors was due to a net gain on a business divestiture ($145 million), a prior year net loss on business divestitures ($86 million), higher volumes ($67 million), lower operating costs ($23 million), lower selling, general and administrative expenses ($16 million), lower purchasing costs ($6 million), lower engineering expenses ($5 million), higher equity income ($3 million), incremental operating income related to business acquisitions ($3 million) and a prior year pension settlement loss ($1 million), partially offset by current year transaction and integration costs ($38 million), unfavorable mix ($27 million), lower operating income related to a current year business divestiture ($19 million), net unfavorable pricing and commercial settlements ($12 million), and the unfavorable impact of foreign currency translation ($4 million). |
Year Ended September 30, | ||||||||||
(in millions) | 2015 | 2014 | Change | |||||||
Net sales | $ | 6,590 | $ | 6,632 | -1 | % | ||||
Segment EBIT | 1,153 | 1,052 | 10 | % |
• | Net sales decreased due to the unfavorable impact of foreign currency translation ($450 million), partially offset by higher sales volumes ($291 million), and favorable pricing and product mix ($117 million). |
• | Segment EBIT increased due to higher volumes ($90 million), lower operating costs ($79 million), favorable pricing and product mix ($16 million), a prior year pension settlement loss ($5 million) and higher equity income ($2 million), partially |
September 30, 2016 | September 30, 2015 | |||||||||
(in millions) | Change | |||||||||
Current assets | $ | 13,171 | $ | 10,469 | ||||||
Current liabilities | (13,397 | ) | (10,446 | ) | ||||||
(226 | ) | 23 | * | |||||||
Less: Cash | (198 | ) | (597 | ) | ||||||
Less: Cash in escrow related to Adient debt | (2,034 | ) | — | |||||||
Add: Short-term debt | 662 | 52 | ||||||||
Add: Current portion of long-term debt | 628 | 813 | ||||||||
Less: Assets held for sale | (17 | ) | (55 | ) | ||||||
Add: Liabilities held for sale | — | 42 | ||||||||
Working capital (as defined) | $ | (1,185 | ) | $ | 278 | * | ||||
Accounts receivable | $ | 6,271 | $ | 5,751 | 9 | % | ||||
Inventories | 2,810 | 2,377 | 18 | % | ||||||
Accounts payable | 5,975 | 5,174 | 15 | % |
• | The Company defines working capital as current assets less current liabilities, excluding cash, cash in escrow related to Adient debt, short-term debt, the current portion of long-term debt, and the current portion of assets and liabilities held for sale. Management believes that this measure of working capital, which excludes financing-related items, provides a more useful measurement of the Company’s operating performance. |
• | The decrease in working capital at September 30, 2016 as compared to September 30, 2015, was primarily related to an increase in accounts payable due to timing of supplier payments, timing of income tax payments and an increase in restructuring reserves, partially offset by the impact of the JCH joint venture, and an increase in accounts receivable due to timing of customer receipts. |
• | The Company’s days sales in accounts receivable at September 30, 2016 were 57, a slight increase from 56 at September 30, 2015. There has been no significant adverse change in the level of overdue receivables or changes in revenue recognition methods. |
• | The Company’s inventory turns for the year ended September 30, 2016 were slightly lower than the comparable period ended September 30, 2015 primarily due to changes in inventory production levels. |
• | Days in accounts payable at September 30, 2016 were 76 days, higher than 74 days at the comparable period ended September 30, 2015. |
Year Ended September 30, | |||||||
(in millions) | 2016 | 2015 | |||||
Cash provided by operating activities | $ | 1,844 | $ | 1,600 | |||
Cash provided (used) by investing activities | (1,327 | ) | 470 | ||||
Cash used by financing activities | (928 | ) | (1,821 | ) | |||
Capital expenditures | (1,227 | ) | (1,135 | ) |
• | The increase in cash provided by operating activities was primarily due to favorable changes in other assets and lower pension contributions, partially offset by higher income tax payments and current year separation costs. |
• | The increase in cash used by investing activities was primarily due to cash received from business divestitures in the prior year, cash paid for the JCH joint venture in the current year and an increase in capital expenditures. |
• | The decrease in cash used by financing activities was primarily due to an increase in long-term debt, lower stock repurchases in the current year and an increase in short-term debt, partially offset by higher repayments of long-term debt, an increase in dividends paid due to timing and an increase in dividends paid to noncontrolling interests related to the JCH joint venture. |
• | The increase in capital expenditures in the current year is primarily related to higher capital investments in the Building Efficiency and Power Solutions businesses, partially offset by lower capital investments in the Automotive Experience business. |
September 30, 2016 | September 30, 2015 | |||||||||
(in millions) | Change | |||||||||
Short-term debt | $ | 662 | $ | 52 | ||||||
Current portion of long-term debt | 628 | 813 | ||||||||
Affiliate notes payable | 6,500 | — | ||||||||
Long-term debt | 8,193 | 5,745 | ||||||||
Total debt | $ | 15,983 | $ | 6,610 | * | |||||
Shareholders’ equity attributable to Johnson Controls, Inc. | 1,862 | 10,335 | -82 | % | ||||||
Total capitalization | $ | 17,845 | $ | 16,945 | 5 | % | ||||
• | In connection with the Tyco Merger on September 2, 2016, the Company replaced its $2.5 billion committed five-year credit facility scheduled to mature in August 2018 with a $2.0 billion committed four-year credit facility scheduled to mature in August 2020. |
• | On September 2, 2016, in conjunction with the Tyco Merger, the Company entered into promissory notes with total face value of $6,500 million. These notes have stated annual interest rates between 5.0% and 6.0% and are scheduled to mature between 2021 and 2026. The interest is payable quarterly and outstanding unpaid principal amount is due at maturity. |
• | At September 30, 2016, the Company had committed bilateral U.S. dollar denominated revolving credit facilities totaling $135 million, which are scheduled to expire in fiscal 2017. There were no draws on any of these revolving facilities as of September 30, 2016. |
• | In August 2016, Adient Global Holdings, Ltd. (AGH), a wholly-owned subsidiary of Johnson Controls, issued a one billion euro, 3.5% fixed rate, 8-year senior unsecured note scheduled to mature in August 2024. AGH also issued a $900 million, 4.875%, 10-year senior unsecured note scheduled to mature in August 2026. The proceeds from the notes were deposited into escrow and are expected to be released in connection with the spin-off. The notes have not been, and are not expected to be, guaranteed by the Company or any of its subsidiaries that will not be subsidiaries of Adient following the spin-off. Approximately $1,500 million of the proceeds will be distributed to the Company in connection with the spin-off and approximately $500 million of the proceeds will be used for Adient's general corporate purposes. |
• | In July 2016, AGH entered into a 5-year, $1,500 million Term A loan facility and a 5-year, $1,500 million revolving credit facility scheduled to mature in July 2021. The term loan was fully drawn in August 2016. As of September 30, 2016, there were no draws on the facility. Upon completion of the spin-off of Adient, AGH will become a wholly-owned subsidiary of Adient. On the date of the spin-off, Adient and certain of its wholly-owned subsidiaries will guarantee the debt, and the guarantees of Johnson Controls will automatically be released.The Company used the proceeds of the term loan to early repay its four tranches of euro-denominated floating rate credit facilities, totaling 390 million euro, that were outstanding as of September 30, 2015; three term loans of $500 million, $200 million and $125 million that were entered into during fiscal 2016, plus accrued interest, and a $90 million outstanding credit facility. The remainder of the proceeds were used for general corporate purposes. |
• | In February 2016, the Company entered into a nine-month, $100 million floating rate term loan scheduled to mature in November 2016. Proceeds from the term loan were used for general corporate purposes. |
• | In February 2016, the Company terminated a 37 million euro committed revolving credit facility scheduled to mature in September 2016, and subsequently entered into a nine-month, 100 million euro, floating rate term loan scheduled to mature in October 2016. Proceeds from the term loan were used for general corporate purposes. |
• | In January 2016, the Company entered into a ten-month, $200 million, floating rate term loan scheduled to mature in October 2016. Proceeds from the term loan were used for general corporate purposes. |
• | In January 2016, the Company entered into a ten-month, $125 million, floating rate term loan scheduled to mature in October 2016. Proceeds from the term loan were used for general corporate purposes. |
• | In January 2016, the Company retired $800 million in principal amount, plus accrued interest, of its 5.5% fixed rate notes that matured in January 2016. |
• | In September 2015, the Company retired, at maturity, $500 million, $150 million and $100 million floating rate term loans plus accrued interest that were entered into during fiscal 2015. |
• | In June 2015, the Company entered into a five-year, 37 billion yen floating rate syndicated term loan scheduled to mature in June 2020. Proceeds from the syndicated term loan were used for general corporate purposes. |
• | In May 2015, the Company made a partial repayment of 32 million euro in principal amount, plus accrued interest, of its 70 million euro floating rate credit facility scheduled to mature in November 2017. The remaining outstanding portion as of September 30, 2015 was repaid during fiscal 2016. |
• | In March 2015, the Company retired $125 million in principal amount, plus accrued interest, of its 7.7% fixed rate notes that matured in March 2015. |
• | In January 2015, the Company entered into a one-year, $90 million, committed revolving credit facility scheduled to mature in January 2016. The Company drew on the full credit facility during the quarter ended March 31, 2015. Proceeds from the revolving credit facility were used for general corporate purposes. The $90 million was repaid in September 2015. |
• | The Company also selectively makes use of short-term credit lines. The Company estimates that, as of September 30, 2016, it could borrow up to $0.7 billion based on average borrowing levels during the quarter on committed credit lines. |
• | The Company believes its capital resources and liquidity position at September 30, 2016 are adequate to meet projected needs. The Company believes requirements for working capital, capital expenditures, dividends, stock repurchases, minimum pension contributions, debt maturities and any potential acquisitions in fiscal 2017 will continue to be funded from operations, supplemented by short- and long-term borrowings, if required. The Company currently manages its short-term debt position in the U.S. and euro commercial paper markets and bank loan markets. In the event the Company is unable to issue commercial paper, it would have the ability to draw on its $2.0 billion revolving credit facility, which matures in August 2020. There were no draws on the revolving credit facility as of September 30, 2016. As such, the Company believes it has sufficient financial resources to fund operations and meet its obligations for the foreseeable future. |
• | The Company earns a significant amount of its operating income outside the U.S., which is deemed to be permanently reinvested in foreign jurisdictions. The Company currently does not intend nor foresee a need to repatriate these funds |
• | The Company’s debt financial covenants require it to maintain a minimum consolidated shareholders’ equity attributable to Johnson Controls International plc of at least $3.5 billion at all times and allow a maximum aggregated amount of 10% of consolidated shareholders’ equity attributable to Johnson Controls International plc for liens and pledges. For purposes of calculating the Company’s covenants, consolidated shareholders’ equity attributable to Johnson Controls International plc is calculated without giving effect to (i) the application of ASC 715-60, "Defined Benefit Plans - Other Postretirement," or (ii) the cumulative foreign currency translation adjustment. As of September 30, 2016, the Company was in compliance with all covenants and other requirements set forth in its credit agreements and indentures and expects to remain in compliance for the foreseeable future. None of the Company’s debt agreements limit access to stated borrowing levels or require accelerated repayment in the event of a decrease in the Company’s credit rating. |
• | To better align its resources with its growth strategies and reduce the cost structure of its global operations to address the softness in certain underlying markets, the Company committed to a significant restructuring plan in fiscal 2016 and recorded $535 million of restructuring and impairment costs in the consolidated statements of income within continuing operations. The restructuring action related to cost reduction initiatives in the Company’s Automotive Experience and Building Efficiency and Power Solutions businesses and at Corporate. The costs consist primarily of workforce reductions, plant closures, asset impairments, change-in-control payments and immaterial changes in estimates to prior year plans. The Company currently estimates that upon completion of the restructuring action, the fiscal 2016 restructuring plan will reduce annual operating costs from continuing operations by approximately $240 million, which is primarily the result of lower cost of sales and selling, general and administrative expenses due to reduced employee-related costs, depreciation and amortization expense. The Company expects the annual benefit of these actions will be substantially realized by the end of fiscal 2018. For fiscal 2016, there were no significant savings, net of execution costs, realized for this plan. The restructuring action is expected to be substantially complete in fiscal 2018. The restructuring plan reserve balance of $309 million at September 30, 2016 is expected to be paid in cash. |
• | To better align its resources with its growth strategies and reduce the cost structure of its global operations to address the softness in certain underlying markets, the Company committed to a significant restructuring plan in fiscal 2015 and recorded $397 million of restructuring and impairment costs in the consolidated statements of income within continuing operations. The restructuring action related to cost reduction initiatives in the Company’s Automotive Experience, Building Efficiency and Power Solutions businesses and at Corporate. The costs consist primarily of workforce reductions, plant closures and asset impairments. The Company currently estimates that upon completion of the restructuring action, the fiscal 2015 restructuring plan will reduce annual operating costs from continuing operations by approximately $250 million, which is primarily the result of lower cost of sales and selling, general and administrative expenses due to reduced employee-related costs and depreciation expense. The Company expects that a portion of these savings, net of execution costs, will be achieved in fiscal 2016 and the full annual benefit of these actions is expected in fiscal 2017. For fiscal 2016, the savings from continuing operations, net of execution costs, were approximately 55% of the expected annual operating cost reduction. The restructuring action is expected to be substantially complete in 2016. The restructuring plan reserve balance of $117 million at September 30, 2016 is expected to be paid in cash. |
• | To better align its resources with its growth strategies and reduce the cost structure of its global operations to address the softness in certain underlying markets, the Company committed to significant restructuring plans in fiscal 2014 and 2013 and recorded $324 million and $903 million, respectively, of restructuring and impairment costs in the consolidated statements of income within continuing operations. The restructuring actions related to cost reduction initiatives in the Company’s Automotive Experience, Building Efficiency and Power Solutions businesses and included workforce reductions, plant closures, and asset and goodwill impairments. The Company currently estimates that upon completion of the restructuring actions, the fiscal 2014 and 2013 restructuring plans will reduce annual operating costs from continuing |
Total | 2017 | 2018-2019 | 2020-2021 | 2022 and Beyond | |||||||||||||||
Contractual Obligations | |||||||||||||||||||
Long-term debt (including capital lease obligations)* | $ | 8,821 | $ | 628 | $ | 310 | $ | 2,905 | $ | 4,978 | |||||||||
Interest on long-term debt (including capital lease obligations)* | 4,566 | 312 | 594 | 538 | 3,122 | ||||||||||||||
Notes payable due to affiliate | 6,500 | — | — | 1,000 | 5,500 | ||||||||||||||
Interest payable to affiliate | 2,818 | 387 | 720 | 716 | 995 | ||||||||||||||
Operating leases | 717 | 221 | 275 | 133 | 88 | ||||||||||||||
Purchase obligations | 2,330 | 1,941 | 291 | 92 | 6 | ||||||||||||||
Pension and postretirement contributions | 706 | 312 | 72 | 79 | 243 | ||||||||||||||
Total contractual cash obligations | $ | 26,458 | $ | 3,801 | $ | 2,262 | $ | 5,463 | $ | 14,932 |
(in millions, except per share data) (quarterly amounts unaudited) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Full Year | ||||||||||||||
2016 | |||||||||||||||||||
Net sales | $ | 8,929 | $ | 9,031 | $ | 9,516 | $ | 9,390 | $ | 36,866 | |||||||||
Gross profit | 1,633 | 1,729 | 1,887 | 1,810 | 7,059 | ||||||||||||||
Net income (loss) (1) | 490 | (469 | ) | 459 | (1,112 | ) | (632 | ) | |||||||||||
Net income (loss) attributable to Johnson Controls, Inc. | 450 | (530 | ) | 383 | (1,150 | ) | (847 | ) | |||||||||||
2015 | |||||||||||||||||||
Net sales | $ | 9,624 | $ | 9,198 | $ | 9,608 | $ | 8,749 | $ | 37,179 | |||||||||
Gross profit | 1,609 | 1,573 | 1,706 | 1,559 | 6,447 | ||||||||||||||
Net income (2) | 546 | 557 | 207 | 369 | 1,679 | ||||||||||||||
Net income attributable to Johnson Controls, Inc. | 507 | 529 | 178 | 349 | 1,563 |
(1) | The fiscal 2016 first quarter net income includes $101 million for transaction, integration and separation costs. The fiscal 2016 second quarter net loss includes $229 million of significant restructuring and impairment costs, and $131 million for transaction, integration and separation costs. The fiscal 2016 third quarter net income includes $167 million for transaction, integration, and separation costs, and $102 million of significant restructuring and impairment costs. The fiscal 2016 fourth quarter net loss includes $562 million of net mark-to-market and settlement losses on pension and postretirement plans, $211 million of significant restructuring and impairment costs, and $264 million for transaction, integration and separation costs. The preceding amounts are stated on a pre-tax and pre-noncontrolling interest impact basis. |
(2) | The fiscal 2015 first quarter net income includes $20 million for transaction and integration costs. The fiscal 2015 second quarter net income includes $28 million for transaction and integration costs, and a $200 million gain on divestiture of two |
ITEM 7A | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
ITEM 8 | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA |
Page | |
Consolidated Statements of Comprehensive Income (Loss) for the years ended September 30, 2016, 2015 and 2014 | |
Consolidated Statements of Shareholders' Equity for the years ended September 30, 2016, 2015 and 2014 | |
/s/ PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
Milwaukee, Wisconsin |
November 23, 2016 |
Year Ended September 30, | |||||||||||
(in millions) | 2016 | 2015 | 2014 | ||||||||
Net sales | |||||||||||
Products and systems* | $ | 33,149 | $ | 33,513 | $ | 34,978 | |||||
Services* | 3,717 | 3,666 | 3,771 | ||||||||
36,866 | 37,179 | 38,749 | |||||||||
Cost of sales | |||||||||||
Products and systems* | 27,247 | 28,214 | 29,910 | ||||||||
Services* | 2,560 | 2,518 | 2,534 | ||||||||
29,807 | 30,732 | 32,444 | |||||||||
Gross profit | 7,059 | 6,447 | 6,305 | ||||||||
Selling, general and administrative expenses | (5,100 | ) | (3,986 | ) | (4,216 | ) | |||||
Restructuring and impairment costs | (535 | ) | (397 | ) | (324 | ) | |||||
Net financing charges | (300 | ) | (288 | ) | (244 | ) | |||||
Interest expense due to affiliate | (27 | ) | — | — | |||||||
Equity income | 530 | 375 | 395 | ||||||||
Income from continuing operations before income taxes | 1,627 | 2,151 | 1,916 | ||||||||
Income tax provision | 2,259 | 600 | 407 | ||||||||
Income (loss) from continuing operations | (632 | ) | 1,551 | 1,509 | |||||||
Income (loss) from discontinued operations, net of tax (Note 3) | — | 128 | (166 | ) | |||||||
Net income (loss) | (632 | ) | 1,679 | 1,343 | |||||||
Income from continuing operations attributable to noncontrolling interests | 215 | 112 | 105 | ||||||||
Income from discontinued operations attributable to noncontrolling interests | — | 4 | 23 | ||||||||
Net income (loss) attributable to Johnson Controls, Inc. | $ | (847 | ) | $ | 1,563 | $ | 1,215 | ||||
Amounts attributable to Johnson Controls, Inc. common shareholders: | |||||||||||
Income (loss) from continuing operations | $ | (847 | ) | $ | 1,439 | $ | 1,404 | ||||
Income (loss) from discontinued operations | — | 124 | (189 | ) | |||||||
Net income (loss) | $ | (847 | ) | $ | 1,563 | $ | 1,215 |
* | Products and systems consist of Automotive Experience and Power Solutions products and systems and Building Efficiency installed systems. Services are Building Efficiency technical services. |
Year Ended September 30, | |||||||||||
(in millions) | 2016 | 2015 | 2014 | ||||||||
Net income (loss) | $ | (632 | ) | $ | 1,679 | $ | 1,343 | ||||
Other comprehensive income (loss), net of tax: | |||||||||||
Foreign currency translation adjustments | (28 | ) | (825 | ) | (642 | ) | |||||
Realized and unrealized gains (losses) on derivatives | 9 | (10 | ) | (3 | ) | ||||||
Realized and unrealized losses on marketable common stock | (1 | ) | — | (7 | ) | ||||||
Pension and postretirement plans | (1 | ) | (10 | ) | (5 | ) | |||||
Other comprehensive loss | (21 | ) | (845 | ) | (657 | ) | |||||
Total comprehensive income (loss) | (653 | ) | 834 | 686 | |||||||
Comprehensive income attributable to noncontrolling interests | 224 | 91 | 126 | ||||||||
Comprehensive income (loss) attributable to Johnson Controls, Inc. | $ | (877 | ) | $ | 743 | $ | 560 |
September 30, | |||||||
(in millions, except par value and share data) | 2016 | 2015 | |||||
Assets | |||||||
Cash and cash equivalents | $ | 198 | $ | 597 | |||
Cash in escrow related to Adient debt | 2,034 | — | |||||
Accounts receivable, less allowance for doubtful accounts of $116 and $82, respectively | 6,271 | 5,751 | |||||
Inventories | 2,810 | 2,377 | |||||
Assets held for sale | 17 | 55 | |||||
Other current assets | 1,841 | 1,689 | |||||
Current assets | 13,171 | 10,469 | |||||
Property, plant and equipment - net | 6,649 | 5,870 | |||||
Goodwill | 7,101 | 6,824 | |||||
Other intangible assets - net | 1,514 | 1,516 | |||||
Investments in partially-owned affiliates | 2,735 | 2,143 | |||||
Other noncurrent assets | 3,830 | 2,800 | |||||
Total assets | $ | 35,000 | $ | 29,622 | |||
Liabilities and Equity | |||||||
Short-term debt | $ | 662 | $ | 52 | |||
Current portion of long-term debt | 628 | 813 | |||||
Accounts payable | 5,975 | 5,174 | |||||
Accrued compensation and benefits | 1,498 | 1,090 | |||||
Interest payable to affiliate | 27 | — | |||||
Liabilities held for sale | — | 42 | |||||
Other current liabilities | 4,607 | 3,275 | |||||
Current liabilities | 13,397 | 10,446 | |||||
Long-term debt | 8,193 | 5,745 | |||||
Notes payable due to affiliate | 6,500 | — | |||||
Pension and postretirement benefits | 1,022 | 767 | |||||
Other noncurrent liabilities | 2,854 | 1,954 | |||||
Long-term liabilities | 18,569 | 8,466 | |||||
Commitments and contingencies (Note 20) | |||||||
Redeemable noncontrolling interests | 234 | 212 | |||||
Common stock - par value $0.01, $0.01; 1,000, 1.8 billion shares authorized; 0, 717,039,108 shares issued, respectively | — | 7 | |||||
Capital in excess of par value | 251 | 3,740 | |||||
Retained earnings | 2,698 | 10,797 | |||||
Treasury stock, at cost (2015 - 69,671,840 shares) | — | (3,152 | ) | ||||
Accumulated other comprehensive loss | (1,087 | ) | (1,057 | ) | |||
Shareholders’ equity attributable to Johnson Controls, Inc. | 1,862 | 10,335 | |||||
Noncontrolling interests | 938 | 163 | |||||
Total equity | 2,800 | 10,498 | |||||
Total liabilities and equity | $ | 35,000 | $ | 29,622 |
Year Ended September 30, | |||||||||||
(in millions) | 2016 | 2015 | 2014 | ||||||||
Operating Activities | |||||||||||
Net income (loss) attributable to Johnson Controls, Inc. | $ | (847 | ) | $ | 1,563 | $ | 1,215 | ||||
Income from continuing operations attributable to noncontrolling interests | 215 | 112 | 105 | ||||||||
Income from discontinued operations attributable to noncontrolling interests | — | 4 | 23 | ||||||||
Net income (loss) | (632 | ) | 1,679 | 1,343 | |||||||
Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||||||||||
Depreciation and amortization | 900 | 860 | 955 | ||||||||
Pension and postretirement benefit expense | 511 | 396 | 321 | ||||||||
Pension and postretirement contributions | (137 | ) | (409 | ) | (161 | ) | |||||
Equity in earnings of partially-owned affiliates, net of dividends received | (250 | ) | (144 | ) | (153 | ) | |||||
Deferred income taxes | (1,204 | ) | 327 | (329 | ) | ||||||
Non-cash restructuring and impairment charges | 197 | 183 | 181 | ||||||||
Loss (gain) on divestitures - net | (26 | ) | (1,340 | ) | 111 | ||||||
Fair value adjustment of equity investment | (4 | ) | — | (38 | ) | ||||||
Equity-based compensation | 128 | 90 | 82 | ||||||||
Other | 5 | (1 | ) | (2 | ) | ||||||
Changes in assets and liabilities, excluding acquisitions and divestitures: | |||||||||||
Accounts Receivable | (244 | ) | (297 | ) | (18 | ) | |||||
Inventories | (77 | ) | (99 | ) | (311 | ) | |||||
Other assets | 107 | (113 | ) | (192 | ) | ||||||
Restructuring reserves | 83 | (6 | ) | (31 | ) | ||||||
Accounts payable and accrued liabilities | 415 | 348 | 440 | ||||||||
Accrued income taxes | 2,072 | 126 | 197 | ||||||||
Cash provided by operating activities | 1,844 | 1,600 | 2,395 | ||||||||
Investing Activities | |||||||||||
Capital expenditures | (1,227 | ) | (1,135 | ) | (1,199 | ) | |||||
Sale of property, plant and equipment | 32 | 37 | 79 | ||||||||
Acquisition of businesses, net of cash acquired | (133 | ) | (22 | ) | (1,733 | ) | |||||
Business divestitures | 32 | 1,646 | 225 | ||||||||
Changes in long-term investments | (24 | ) | (44 | ) | 19 | ||||||
Other | (7 | ) | (12 | ) | 16 | ||||||
Cash provided (used) by investing activities | (1,327 | ) | 470 | (2,593 | ) | ||||||
Financing Activities | |||||||||||
Increase (decrease) in short-term debt - net | 561 | (68 | ) | 73 | |||||||
Increase in long-term debt | 1,501 | 299 | 2,001 | ||||||||
Repayment of long-term debt | (1,299 | ) | (191 | ) | (833 | ) | |||||
Debt financing costs | (45 | ) | — | — | |||||||
Stock repurchases | (501 | ) | (1,362 | ) | (1,249 | ) | |||||
Payment of cash dividends | (915 | ) | (657 | ) | (568 | ) | |||||
Proceeds from the exercise of stock options | 67 | 275 | 186 | ||||||||
Cash paid to acquire a noncontrolling interest | (2 | ) | (38 | ) | (5 | ) | |||||
Dividends paid to noncontrolling interests | (306 | ) | (68 | ) | (55 | ) | |||||
Other | 11 | (11 | ) | 38 | |||||||
Cash used by financing activities | (928 | ) | (1,821 | ) | (412 | ) | |||||
Effect of exchange rate changes on cash and cash equivalents | 12 | (81 | ) | (20 | ) | ||||||
Change in cash held for sale | — | 20 | (16 | ) | |||||||
Increase (decrease) in cash and cash equivalents | (399 | ) | 188 | (646 | ) | ||||||
Cash and cash equivalents at beginning of period | 597 | 409 | 1,055 | ||||||||
Cash and cash equivalents at end of period | $ | 198 | $ | 597 | $ | 409 |
(in millions, except per share data) | Total | Common Stock | Capital in Excess of Par Value | Retained Earnings | Treasury Stock, at Cost | Accumulated Other Comprehensive Income (Loss) | |||||||||||||||||
At September 30, 2013 | $ | 12,273 | $ | 7 | $ | 3,092 | $ | 9,287 | $ | (531 | ) | $ | 418 | ||||||||||
Comprehensive income (loss) | 560 | — | — | 1,215 | — | (655 | ) | ||||||||||||||||
Cash dividends Common ($0.88 per share) | (586 | ) | — | — | (586 | ) | — | — | |||||||||||||||
Repurchases of common stock | (1,249 | ) | — | — | — | (1,249 | ) | — | |||||||||||||||
Other, including options exercised | 272 | — | 277 | (1 | ) | (4 | ) | — | |||||||||||||||
At September 30, 2014 | 11,270 | 7 | 3,369 | 9,915 | (1,784 | ) | (237 | ) | |||||||||||||||
Comprehensive income (loss) | 743 | — | — | 1,563 | — | (820 | ) | ||||||||||||||||
Cash dividends Common ($1.04 per share) | (681 | ) | — | — | (681 | ) | — | — | |||||||||||||||
Repurchases of common stock | (1,362 | ) | — | — | — | (1,362 | ) | — | |||||||||||||||
Other, including options exercised | 365 | — | 371 | — | (6 | ) | — | ||||||||||||||||
At September 30, 2015 | 10,335 | 7 | 3,740 | 10,797 | (3,152 | ) | (1,057 | ) | |||||||||||||||
Comprehensive loss | (877 | ) | — | — | (847 | ) | — | (30 | ) | ||||||||||||||
Cash dividends Common ($1.16 per share) | (752 | ) | — | — | (752 | ) | — | — | |||||||||||||||
Repurchases of common stock | (501 | ) | — | — | — | (501 | ) | — | |||||||||||||||
Result of contribution of Johnson Controls, Inc. to Johnson Controls International plc | (6,500 | ) | (7 | ) | (3,657 | ) | (6,500 | ) | 3,664 | — | |||||||||||||
Other, including options exercised | 157 | — | 168 | — | (11 | ) | — | ||||||||||||||||
At September 30, 2016 | $ | 1,862 | $ | — | $ | 251 | $ | 2,698 | $ | — | $ | (1,087 | ) |
September 30, | |||||||
2016 | 2015 | ||||||
Current assets | $ | 284 | $ | 281 | |||
Noncurrent assets | 98 | 128 | |||||
Total assets | $ | 382 | $ | 409 | |||
Current liabilities | $ | 230 | $ | 232 | |||
Noncurrent liabilities | 29 | 34 | |||||
Total liabilities | $ | 259 | $ | 266 |
Year Ended September 30, | |||||||
2015 | 2014 | ||||||
Net sales | $ | 3,025 | $ | 4,079 | |||
Income from discontinued operations before income taxes | 1,203 | 119 | |||||
Provision for income taxes on discontinued operations | 1,075 | 75 | |||||
Income from discontinued operations attributable to noncontrolling interests, net of tax | 4 | 15 | |||||
Income from discontinued operations | $ | 124 | $ | 29 |
Year Ended September 30, | ||||
2014 | ||||
Net sales | $ | 1,027 | ||
Loss from discontinued operations before income taxes | (8 | ) | ||
Provision for income taxes on discontinued operations | 202 | |||
Income from discontinued operations attributable to noncontrolling interests, net of tax | 8 | |||
Loss from discontinued operations | $ | (218 | ) |
September 30, | |||||||
2016 | 2015 | ||||||
Raw materials and supplies | $ | 1,186 | $ | 1,084 | |||
Work-in-process | 452 | 369 | |||||
Finished goods | 1,172 | 924 | |||||
Inventories | $ | 2,810 | $ | 2,377 |
September 30, | |||||||
2016 | 2015 | ||||||
Buildings and improvements | $ | 3,278 | $ | 3,091 | |||
Machinery and equipment | 9,119 | 8,566 | |||||
Construction in progress | 1,356 | 1,006 | |||||
Land | 481 | 338 | |||||
Total property, plant and equipment | 14,234 | 13,001 | |||||
Less: accumulated depreciation | (7,585 | ) | (7,131 | ) | |||
Property, plant and equipment - net | $ | 6,649 | $ | 5,870 |
September 30, 2014 | Business Acquisitions | Business Divestitures | Currency Translation and Other | September 30, 2015 | |||||||||||||||
Building Efficiency | |||||||||||||||||||
Systems and Service North America | $ | 982 | $ | — | $ | (2 | ) | $ | (2 | ) | $ | 978 | |||||||
Products North America | 1,688 | 34 | (14 | ) | (7 | ) | 1,701 | ||||||||||||
Asia | 414 | — | — | (25 | ) | 389 | |||||||||||||
Rest of World | 345 | — | — | (35 | ) | 310 | |||||||||||||
Automotive Experience | |||||||||||||||||||
Seating | 2,556 | — | (4 | ) | (188 | ) | 2,364 | ||||||||||||
Interiors | — | 9 | (9 | ) | — | — | |||||||||||||
Power Solutions | 1,142 | — | — | (60 | ) | 1,082 | |||||||||||||
Total | $ | 7,127 | $ | 43 | $ | (29 | ) | $ | (317 | ) | $ | 6,824 | |||||||
September 30, 2015 | Business Acquisitions | Business Divestitures | Currency Translation and Other | September 30, 2016 | |||||||||||||||
Building Efficiency | |||||||||||||||||||
Systems and Service North America | $ | 978 | $ | — | $ | (3 | ) | $ | — | $ | 975 | ||||||||
Products North America | 1,701 | — | (3 | ) | (1 | ) | 1,697 | ||||||||||||
Asia | 389 | 253 | — | 15 | 657 | ||||||||||||||
Rest of World | 310 | 5 | (13 | ) | (1 | ) | 301 | ||||||||||||
Automotive Experience | |||||||||||||||||||
Seating | 2,364 | — | — | 21 | 2,385 | ||||||||||||||
Power Solutions | 1,082 | — | — | 4 | 1,086 | ||||||||||||||
Total | $ | 6,824 | $ | 258 | $ | (19 | ) | $ | 38 | $ | 7,101 | ||||||||
September 30, 2016 | September 30, 2015 | ||||||||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net | Gross Carrying Amount | Accumulated Amortization | Net | ||||||||||||||||||
Amortized intangible assets | |||||||||||||||||||||||
Patented technology | $ | 45 | $ | (26 | ) | $ | 19 | $ | 80 | $ | (59 | ) | $ | 21 | |||||||||
Customer relationships | 988 | (256 | ) | 732 | 975 | (206 | ) | 769 | |||||||||||||||
Miscellaneous | 368 | (149 | ) | 219 | 307 | (123 | ) | 184 | |||||||||||||||
Total amortized intangible assets | 1,401 | (431 | ) | 970 | 1,362 | (388 | ) | 974 | |||||||||||||||
Unamortized intangible assets | |||||||||||||||||||||||
Trademarks/trade names | 544 | — | 544 | 542 | — | 542 | |||||||||||||||||
Total intangible assets | $ | 1,945 | $ | (431 | ) | $ | 1,514 | $ | 1,904 | $ | (388 | ) | $ | 1,516 |
Year Ended September 30, | |||||||
2016 | 2015 | ||||||
Balance at beginning of period | $ | 300 | $ | 319 | |||
Accruals for warranties issued during the period | 324 | 280 | |||||
Accruals from acquisitions and divestitures | 51 | — | |||||
Accruals related to pre-existing warranties (including changes in estimates) | (13 | ) | (11 | ) | |||
Settlements made (in cash or in kind) during the period | (301 | ) | (282 | ) | |||
Currency translation | 4 | (6 | ) | ||||
Balance at end of period | $ | 365 | $ | 300 |
Capital Leases | Operating Leases | ||||||
2017 | $ | 5 | $ | 221 | |||
2018 | 4 | 163 | |||||
2019 | 3 | 112 | |||||
2020 | 3 | 77 | |||||
2021 | 3 | 56 | |||||
After 2021 | 12 | 88 | |||||
Total minimum lease payments | 30 | $ | 717 | ||||
Interest | (6 | ) | |||||
Present value of net minimum lease payments | $ | 24 |
September 30, | |||||||
2016 | 2015 | ||||||
Bank borrowings | $ | 662 | $ | 52 | |||
Weighted average interest rate on short-term debt outstanding | 1.7 | % | 7.2 | % |
September 30, | |||||||
2016 | 2015 | ||||||
Unsecured notes | |||||||
5.5% due in 2016 ($800 million par value) | $ | — | $ | 800 | |||
7.125% due in 2017 ($150 million par value) | 149 | 153 | |||||
2.6% due in 2017 ($400 million par value) | 404 | 404 | |||||
2.355% due in 2017 ($46 million par value) | 46 | 46 | |||||
1.4% due in 2018 ($300 million par value) | 301 | 303 | |||||
5.0% due in 2020 ($500 million par value) | 499 | 499 | |||||
4.25% due 2021 ($500 million par value) | 498 | 498 | |||||
3.75% due in 2022 ($450 million par value) | 448 | 448 | |||||
3.625% due in 2024 ($500 million par value) | 500 | 500 | |||||
6.0% due in 2036 ($400 million par value) | 396 | 395 | |||||
5.7% due in 2041 ($300 million par value) | 299 | 299 | |||||
5.25% due in 2042 ($250 million par value) | 250 | 250 | |||||
4.625% due in 2044 ($450 million par value) | 447 | 447 | |||||
6.95% due in 2046 ($125 million par value) | 125 | 125 | |||||
4.95% due in 2064 ($450 million par value) | 449 | 449 | |||||
Adient - 3.5% due in 2024 (EUR 1,000 million par value) | 1,119 | — | |||||
Adient - 4.875% due in 2026 ($900 million par value) | 900 | — | |||||
Adient - Term Loan A - LIBOR plus 1.005% due in 2021 | 1,500 | — | |||||
Capital lease obligations | 24 | 48 | |||||
Other foreign-denominated debt | |||||||
Euro | 61 | 529 | |||||
Japanese Yen | 367 | 308 | |||||
Other | 39 | 57 | |||||
Gross long-term debt | 8,821 | 6,558 | |||||
Less: current portion | 628 | 813 | |||||
Net long-term debt | $ | 8,193 | $ | 5,745 |
September 30, | |||||||
2016 | 2015 | ||||||
Affiliate notes | |||||||
5.0% due in 2021 ($500 million principal amount) | $ | 500 | $ | — | |||
5.0% due in 2021 ($500 million principal amount) | 500 | — | |||||
5.2% due in 2022 ($1,000 million principal amount) | 1,000 | — | |||||
5.4% due in 2023 ($2,000 million principal amount) | 2,000 | — | |||||
6.0% due in 2026 ($2,500 million principal amount) | 2,500 | — | |||||
Affiliate notes payable | $ | 6,500 | $ | — |
Year Ended September 30, | |||||||||||
2016 | 2015 | 2014 | |||||||||
Interest expense, net of capitalized interest costs | $ | 295 | $ | 288 | $ | 254 | |||||
Banking fees and bond cost amortization | 32 | 23 | 18 | ||||||||
Interest income | (12 | ) | (9 | ) | (10 | ) | |||||
Net foreign exchange results for financing activities | (15 | ) | (14 | ) | (18 | ) | |||||
Net financing charges | $ | 300 | $ | 288 | $ | 244 | |||||
Interest expense due to affiliate | $ | 27 | $ | — | $ | — |
Volume Outstanding as of | ||||||||
Commodity | Units | September 30, 2016 | September 30, 2015 | |||||
Copper | Pounds | 5,849,000 | 14,648,000 | |||||
Lead | Metric Tons | 5,185 | 6,785 | |||||
Aluminum | Metric Tons | 2,620 | 5,700 | |||||
Tin | Metric Tons | 185 | 2,080 |
Derivatives and Hedging Activities Designated as Hedging Instruments under ASC 815 | Derivatives and Hedging Activities Not Designated as Hedging Instruments under ASC 815 | ||||||||||||||
September 30, 2016 | September 30, 2015 | September 30, 2016 | September 30, 2015 | ||||||||||||
Other current assets | |||||||||||||||
Foreign currency exchange derivatives | $ | 41 | $ | 31 | $ | 33 | $ | 27 | |||||||
Commodity derivatives | 4 | — | — | — | |||||||||||
Interest rate swaps | — | 1 | — | — | |||||||||||
Cross-currency interest rate swaps | — | 5 | — | — | |||||||||||
Other noncurrent assets | |||||||||||||||
Interest rate swaps | 1 | 5 | — | — | |||||||||||
Equity swap | — | — | — | 164 | |||||||||||
Total assets | $ | 46 | $ | 42 | $ | 33 | $ | 191 | |||||||
Other current liabilities | |||||||||||||||
Foreign currency exchange derivatives | $ | 48 | $ | 37 | $ | 11 | $ | 26 | |||||||
Commodity derivatives | — | 7 | — | — | |||||||||||
Cross-currency interest rate swaps | — | 1 | — | — | |||||||||||
Current portion of long-term debt | |||||||||||||||
Fixed rate debt swapped to floating | 551 | 801 | — | — | |||||||||||
Long-term debt | |||||||||||||||
Foreign currency denominated debt | 1,486 | — | — | — | |||||||||||
Fixed rate debt swapped to floating | 301 | 855 | — | — | |||||||||||
Total liabilities | $ | 2,386 | $ | 1,701 | $ | 11 | $ | 26 |
Fair Value of Assets | Fair Value of Liabilities | ||||||||||||||
September 30, 2016 | September 30, 2015 | September 30, 2016 | September 30, 2015 | ||||||||||||
Gross amount recognized | $ | 79 | $ | 233 | $ | 2,397 | $ | 1,727 | |||||||
Gross amount eligible for offsetting | (17 | ) | (8 | ) | (17 | ) | (8 | ) | |||||||
Net amount | $ | 62 | $ | 225 | $ | 2,380 | $ | 1,719 |
Derivatives in ASC 815 Cash Flow Hedging Relationships | Year Ended September 30 | |||||||||||
2016 | 2015 | 2014 | ||||||||||
Foreign currency exchange derivatives | $ | (18 | ) | $ | (5 | ) | $ | 1 | ||||
Commodity derivatives | 3 | (19 | ) | (7 | ) | |||||||
Total | $ | (15 | ) | $ | (24 | ) | $ | (6 | ) |
Derivatives in ASC 815 Cash Flow Hedging Relationships | Location of Gain (Loss) Recognized in Income on Derivative | Year Ended September 30, | ||||||||||||
2016 | 2015 | 2014 | ||||||||||||
Foreign currency exchange derivatives | Cost of sales | $ | (21 | ) | $ | 1 | $ | (2 | ) | |||||
Commodity derivatives | Cost of sales | (12 | ) | (11 | ) | 1 | ||||||||
Forward treasury locks | Net financing charges | 1 | 1 | 1 | ||||||||||
Total | $ | (32 | ) | $ | (9 | ) | $ | — |
Derivatives in ASC 815 Fair Value Hedging Relationships | Location of Gain (Loss) Recognized in Income on Derivative | Year Ended September 30, | ||||||||||||
2016 | 2015 | 2014 | ||||||||||||
Interest rate swap | Net financing charges | $ | (5 | ) | $ | 7 | $ | 5 | ||||||
Fixed rate debt swapped to floating | Net financing charges | 5 | (7 | ) | (5 | ) | ||||||||
Total | $ | — | $ | — | $ | — |
Derivatives Not Designated as Hedging Instruments under ASC 815 | Location of Gain (Loss) Recognized in Income on Derivative | Year Ended September 30, | ||||||||||||
2016 | 2015 | 2014 | ||||||||||||
Foreign currency exchange derivatives | Cost of sales | $ | 4 | $ | (3 | ) | $ | 1 | ||||||
Foreign currency exchange derivatives | Net financing charges | (11 | ) | (12 | ) | 18 | ||||||||
Foreign currency exchange derivatives | Income tax provision | 4 | — | — | ||||||||||
Equity swap | Selling, general and administrative | 14 | (9 | ) | (1 | ) | ||||||||
Total | $ | 11 | $ | (24 | ) | $ | 18 |
Fair Value Measurements Using: | |||||||||||||||
Total as of September 30, 2016 | Quoted Prices in Active Markets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||||||
Other current assets | |||||||||||||||
Foreign currency exchange derivatives | $ | 74 | $ | — | $ | 74 | $ | — | |||||||
Commodity derivatives | 4 | — | 4 | — | |||||||||||
Other noncurrent assets | |||||||||||||||
Interest rate swaps | 1 | — | 1 | — | |||||||||||
Investments in marketable common stock | 3 | 3 | — | — | |||||||||||
Total assets | $ | 82 | $ | 3 | $ | 79 | $ | — | |||||||
Other current liabilities | |||||||||||||||
Foreign currency exchange derivatives | $ | 59 | $ | — | $ | 59 | $ | — | |||||||
Current portion of long-term debt | |||||||||||||||
Fixed rate debt swapped to floating | 551 | — | 551 | — | |||||||||||
Long-term debt | |||||||||||||||
Foreign currency denominated debt | 1,486 | 1,486 | — | — | |||||||||||
Fixed rate debt swapped to floating | 301 | — | 301 | — | |||||||||||
Total liabilities | $ | 2,397 | $ | 1,486 | $ | 911 | $ | — |
Fair Value Measurements Using: | |||||||||||||||
Total as of September 30, 2015 | Quoted Prices in Active Markets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||||||
Other current assets | |||||||||||||||
Foreign currency exchange derivatives | $ | 58 | $ | — | $ | 58 | $ | — | |||||||
Interest rate swaps | 1 | — | 1 | — | |||||||||||
Cross-currency interest rate swaps | 5 | — | 5 | — | |||||||||||
Other noncurrent assets | |||||||||||||||
Interest rate swaps | 5 | — | 5 | — | |||||||||||
Investments in marketable common stock | 4 | 4 | — | — | |||||||||||
Equity swap | 164 | 164 | — | — | |||||||||||
Total assets | $ | 237 | $ | 168 | $ | 69 | $ | — | |||||||
Other current liabilities | |||||||||||||||
Foreign currency exchange derivatives | $ | 63 | $ | — | $ | 63 | $ | — | |||||||
Commodity derivatives | 7 | — | 7 | — | |||||||||||
Cross-currency interest rate swaps | 1 | — | 1 | — | |||||||||||
Current portion of long-term debt | |||||||||||||||
Fixed rate debt swapped to floating | 801 | — | 801 | — | |||||||||||
Long-term debt | |||||||||||||||
Fixed rate debt swapped to floating | 855 | — | 855 | — | |||||||||||
Total liabilities | $ | 1,727 | $ | — | $ | 1,727 | $ | — |
Year Ended September 30, | |||||
2016 | 2015 | 2014 | |||
Expected life of option (years) | 6.4 | 6.6 | 6.7 | ||
Risk-free interest rate | 1.64% - 1.70% | 1.61% - 1.93% | 1.92% | ||
Expected volatility of the Company’s stock | 36.00% | 36.00% | 36.00% | ||
Expected dividend yield on the Company’s stock | 2.11% | 2.02% | 2.17% |
Weighted Average Option Price | Shares Subject to Option | Weighted Average Remaining Contractual Life (years) | Aggregate Intrinsic Value (in millions) | |||||||||
Outstanding, September 30, 2015 | $ | 31.17 | 13,039,240 | |||||||||
Granted | 43.83 | 961,705 | ||||||||||
Exercised | 27.92 | (2,380,398 | ) | |||||||||
Forfeited or expired | 42.90 | (170,390 | ) | |||||||||
Outstanding, September 30, 2016 | $ | 32.74 | 11,450,157 | 4.9 | $ | 162 | ||||||
Exercisable, September 30, 2016 | $ | 30.06 | 9,623,505 | 4.3 | $ | 159 |
Expected life of SAR (years) | 0.5 - 4.2 |
Risk-free interest rate | 0.45% - 1.04% |
Expected volatility of the Company’s stock | 36.00% |
Expected dividend yield on the Company’s stock | 2.11% |
Weighted Average SAR Price | Shares Subject to SAR | Weighted Average Remaining Contractual Life (years) | Aggregate Intrinsic Value (in millions) | |||||||||
Outstanding, September 30, 2015 | $ | 29.53 | 1,740,100 | |||||||||
Granted | 43.86 | 54,749 | ||||||||||
Exercised | 27.41 | (494,480 | ) | |||||||||
Forfeited or expired | 36.33 | (99,204 | ) | |||||||||
Outstanding, September 30, 2016 | $ | 30.49 | 1,201,165 | 4.6 | $ | 19 | ||||||
Exercisable, September 30, 2016 | $ | 29.23 | 1,114,543 | 4.3 | $ | 19 |
Weighted Average Price | Shares/Units Subject to Restriction | |||||
Nonvested, September 30, 2015 | $ | 45.75 | 2,370,155 | |||
Granted | 45.24 | 3,666,989 | ||||
Converted performance share awards * | 49.20 | 1,108,036 | ||||
Vested | 30.78 | (413,050 | ) | |||
Forfeited | 45.82 | (352,949 | ) | |||
Nonvested, September 30, 2016 | $ | 47.02 | 6,379,181 |
Weighted Average Price | Shares/Units Subject to PSU | |||||
Nonvested, September 30, 2015 | $ | 42.33 | 924,388 | |||
Vested | 30.73 | (344,318 | ) | |||
Forfeited | 49.73 | (21,305 | ) | |||
Nonvested, September 02, 2016 | $ | 49.20 | 558,765 | |||
Conversion to nonvested restricted stock * | 49.20 | (558,765 | ) | |||
Nonvested, September 30, 2016 | $ | — | — |
Equity Attributable to Johnson Controls, Inc. | Equity Attributable to Noncontrolling Interests | Total Equity | |||||||||
At September 30, 2013 | $ | 12,273 | $ | 260 | $ | 12,533 | |||||
Total comprehensive income: | |||||||||||
Net income | 1,215 | 90 | 1,305 | ||||||||
Foreign currency translation adjustments | (640 | ) | (2 | ) | (642 | ) | |||||
Realized and unrealized losses on derivatives | (3 | ) | — | (3 | ) | ||||||
Realized and unrealized losses on marketable common stock | (7 | ) | — | (7 | ) | ||||||
Pension and postretirement plans | (5 | ) | — | (5 | ) | ||||||
Other comprehensive loss | (655 | ) | (2 | ) | (657 | ) | |||||
Comprehensive income | 560 | 88 | 648 | ||||||||
Other changes in equity: | |||||||||||
Cash dividends - common stock ($0.88 per share) | (586 | ) | — | (586 | ) | ||||||
Dividends attributable to noncontrolling interests | — | (59 | ) | (59 | ) | ||||||
Repurchases of common stock | (1,249 | ) | — | (1,249 | ) | ||||||
Change in noncontrolling interest share | — | (32 | ) | (32 | ) | ||||||
Other, including options exercised | 272 | (6 | ) | 266 | |||||||
At September 30, 2014 | 11,270 | 251 | 11,521 | ||||||||
Total comprehensive income: | |||||||||||
Net income | 1,563 | 65 | 1,628 | ||||||||
Foreign currency translation adjustments | (799 | ) | (3 | ) | (802 | ) | |||||
Realized and unrealized losses on derivatives | (11 | ) | — | (11 | ) | ||||||
Pension and postretirement plans | (10 | ) | — | (10 | ) | ||||||
Other comprehensive loss | (820 | ) | (3 | ) | (823 | ) | |||||
Comprehensive income | 743 | 62 | 805 | ||||||||
Other changes in equity: | |||||||||||
Cash dividends - common stock ($1.04 per share) | (681 | ) | — | (681 | ) | ||||||
Dividends attributable to noncontrolling interests | — | (57 | ) | (57 | ) | ||||||
Repurchases of common stock | (1,362 | ) | — | (1,362 | ) | ||||||
Change in noncontrolling interest share | — | (93 | ) | (93 | ) | ||||||
Other, including options exercised | 365 | — | 365 | ||||||||
At September 30, 2015 | 10,335 | 163 | 10,498 | ||||||||
Total comprehensive income (loss): | |||||||||||
Net income (loss) | (847 | ) | 167 | (680 | ) | ||||||
Foreign currency translation adjustments | (39 | ) | 9 | (30 | ) | ||||||
Realized and unrealized gains (losses) on derivatives | 11 | (1 | ) | 10 | |||||||
Unrealized losses on marketable common stock | (1 | ) | — | (1 | ) | ||||||
Pension and postretirement plans | (1 | ) | — | (1 | ) | ||||||
Other comprehensive income (loss) | (30 | ) | 8 | (22 | ) | ||||||
Comprehensive income (loss) | (877 | ) | 175 | (702 | ) | ||||||
Other changes in equity: | |||||||||||
Cash dividends - common stock ($1.16 per share) | (752 | ) | — | (752 | ) | ||||||
Dividends attributable to noncontrolling interests | — | (92 | ) | (92 | ) | ||||||
Repurchases of common stock | (501 | ) | — | (501 | ) | ||||||
Result of contribution of Johnson Controls, Inc. to Johnson Controls International plc | (6,500 | ) | — | (6,500 | ) | ||||||
Change in noncontrolling interest share | — | 692 | 692 | ||||||||
Other, including options exercised | 157 | — | 157 | ||||||||
At September 30, 2016 | $ | 1,862 | $ | 938 | $ | 2,800 |
Year Ended September 30, 2016 | Year Ended September 30, 2015 | Year Ended September 30, 2014 | |||||||||
Beginning balance, September 30 | $ | 212 | $ | 194 | $ | 157 | |||||
Net income | 48 | 51 | 38 | ||||||||
Foreign currency translation adjustments | 2 | (23 | ) | — | |||||||
Realized and unrealized gains (losses) on derivatives | (1 | ) | 1 | — | |||||||
Dividends | (27 | ) | (11 | ) | (7 | ) | |||||
Other | — | — | 6 | ||||||||
Ending balance, September 30 | $ | 234 | $ | 212 | $ | 194 |
Year Ended September 30, 2016 | Year Ended September 30, 2015 | Year Ended September 30, 2014 | |||||||||
Foreign currency translation adjustments | |||||||||||
Balance at beginning of period | $ | (1,047 | ) | $ | (248 | ) | $ | 392 | |||
Aggregate adjustment for the period (net of tax effect of $(43), $(44) and $7) * | (39 | ) | (799 | ) | (640 | ) | |||||
Balance at end of period | (1,086 | ) | (1,047 | ) | (248 | ) | |||||
Realized and unrealized gains (losses) on derivatives | |||||||||||
Balance at beginning of period | (7 | ) | 4 | 7 | |||||||
Current period changes in fair value (net of tax effect of $(5), $(7) and $(3)) | (10 | ) | (17 | ) | (3 | ) | |||||
Reclassification to income (net of tax effect of $11, $3 and $0) ** | 21 | 6 | — | ||||||||
Balance at end of period | 4 | (7 | ) | 4 | |||||||
Realize and unrealized gains (losses) on marketable common stock | |||||||||||
Balance at beginning of period | — | — | 7 | ||||||||
Current period changes in fair value (net of tax effect of $0) | (1 | ) | — | (1 | ) | ||||||
Reclassifications to income (net of tax effect of $0, $0 and $(2)) *** | — | — | (6 | ) | |||||||
Balance at end of period | (1 | ) | — | — | |||||||
Pension and postretirement plans | |||||||||||
Balance at beginning of period | (3 | ) | 7 | 12 | |||||||
Reclassification to income (net of tax effect of $0, $(3) and $(3)) **** | (1 | ) | (11 | ) | (4 | ) | |||||
Other changes (net of tax effect of $0) | — | 1 | (1 | ) | |||||||
Balance at end of period | (4 | ) | (3 | ) | 7 | ||||||
Accumulated other comprehensive loss, end of period | $ | (1,087 | ) | $ | (1,057 | ) | $ | (237 | ) |
2017 | $ | 485 | |
2018 | 233 | ||
2019 | 240 | ||
2020 | 242 | ||
2021 | 246 | ||
2022-2026 | 1,348 |
2017 | $ | 18 | |
2018 | 18 | ||
2019 | 18 | ||
2020 | 18 | ||
2021 | 17 | ||
2022-2026 | 76 |
• | Assets contributed to the multiemployer benefit plan by one employer may be used to provide benefits to employees of other participating employers. |
• | If a participating employer stops contributing to the multiemployer benefit plan, the unfunded obligations of the plan may be borne by the remaining participating employers. |
• | If the Company stops participating in some of its multiemployer benefit plans, the Company may be required to pay those plans an amount based on its allocable share of the underfunded status of the plan, referred to as a withdrawal liability. |
Fair Value Measurements Using: | |||||||||||||||
Asset Category | Total as of September 30, 2016 | Quoted Prices in Active Markets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | |||||||||||
U.S. Pension | |||||||||||||||
Cash | $ | 28 | $ | 28 | $ | — | $ | — | |||||||
Equity Securities | |||||||||||||||
Large-Cap | 445 | 445 | — | — | |||||||||||
Small-Cap | 241 | 241 | — | — | |||||||||||
International - Developed | 517 | 517 | — | — | |||||||||||
Fixed Income Securities | |||||||||||||||
Government | 271 | 249 | 22 | — | |||||||||||
Corporate/Other | 745 | 633 | 112 | — | |||||||||||
Real Estate | 346 | — | — | 346 | |||||||||||
Total | $ | 2,593 | $ | 2,113 | $ | 134 | $ | 346 | |||||||
Non-U.S. Pension | |||||||||||||||
Cash | $ | 70 | $ | 70 | $ | — | $ | — | |||||||
Equity Securities | |||||||||||||||
Large-Cap | 83 | 83 | — | — | |||||||||||
International - Developed | 119 | 119 | — | — | |||||||||||
International - Emerging | 19 | 19 | — | — | |||||||||||
Fixed Income Securities | |||||||||||||||
Government | 543 | 412 | 131 | — | |||||||||||
Corporate/Other | 341 | 314 | 27 | — | |||||||||||
Hedge Fund | 169 | — | 169 | — | |||||||||||
Real Estate | 63 | 11 | — | 52 | |||||||||||
Total | $ | 1,407 | $ | 1,028 | $ | 327 | $ | 52 | |||||||
Postretirement | |||||||||||||||
Cash | $ | 7 | $ | 7 | $ | — | $ | — | |||||||
Equity Securities | |||||||||||||||
Large-Cap | 31 | 31 | — | — | |||||||||||
Small-Cap | 10 | 10 | — | — | |||||||||||
International - Developed | 23 | 23 | — | — | |||||||||||
International - Emerging | 12 | 12 | — | — | |||||||||||
Fixed Income Securities | |||||||||||||||
Government | 23 | 23 | — | — | |||||||||||
Corporate/Other | 65 | 65 | — | — | |||||||||||
Commodities | 12 | 12 | — | — | |||||||||||
Real Estate | 13 | 13 | — | — | |||||||||||
Total | $ | 196 | $ | 196 | $ | — | $ | — |
Fair Value Measurements Using: | |||||||||||||||
Asset Category | Total as of September 30, 2015 | Quoted Prices in Active Markets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | |||||||||||
U.S. Pension | |||||||||||||||
Cash | $ | 75 | $ | 75 | $ | — | $ | — | |||||||
Equity Securities | |||||||||||||||
Large-Cap | 500 | 500 | — | — | |||||||||||
Small-Cap | 235 | 235 | — | — | |||||||||||
International - Developed | 472 | 472 | — | — | |||||||||||
Fixed Income Securities | |||||||||||||||
Government | 248 | 217 | 31 | — | |||||||||||
Corporate/Other | 753 | 615 | 138 | — | |||||||||||
Real Estate | 323 | — | — | 323 | |||||||||||
Total | $ | 2,606 | $ | 2,114 | $ | 169 | $ | 323 | |||||||
Non-U.S. Pension | |||||||||||||||
Cash | $ | 98 | $ | 98 | $ | — | $ | — | |||||||
Equity Securities | |||||||||||||||
Large-Cap | 68 | 68 | — | — | |||||||||||
International - Developed | 104 | 104 | — | — | |||||||||||
International - Emerging | 16 | 16 | — | — | |||||||||||
Fixed Income Securities | |||||||||||||||
Government | 441 | 319 | 122 | — | |||||||||||
Corporate/Other | 220 | 192 | 28 | — | |||||||||||
Hedge Fund | 172 | — | 172 | — | |||||||||||
Real Estate | 58 | 7 | — | 51 | |||||||||||
Total | $ | 1,177 | $ | 804 | $ | 322 | $ | 51 | |||||||
Postretirement | |||||||||||||||
Cash | $ | 10 | $ | 10 | $ | — | $ | — | |||||||
Equity Securities | |||||||||||||||
Large-Cap | 30 | 30 | — | — | |||||||||||
Small-Cap | 10 | 10 | — | — | |||||||||||
International - Developed | 22 | 22 | — | — | |||||||||||
International - Emerging | 10 | 10 | — | — | |||||||||||
Fixed Income Securities | |||||||||||||||
Government | 22 | 22 | — | — | |||||||||||
Corporate/Other | 67 | 67 | — | — | |||||||||||
Commodities | 12 | 12 | — | — | |||||||||||
Real Estate | 11 | 11 | — | — | |||||||||||
Total | $ | 194 | $ | 194 | $ | — | $ | — |
Total | Hedge Funds | Real Estate | |||||||||
U.S. Pension | |||||||||||
Asset value as of September 30, 2014 | $ | 335 | $ | 4 | $ | 331 | |||||
Additions net of redemptions | (59 | ) | (3 | ) | (56 | ) | |||||
Realized gain (loss) | 28 | (1 | ) | 29 | |||||||
Unrealized gain | 19 | — | 19 | ||||||||
Asset value as of September 30, 2015 | $ | 323 | $ | — | $ | 323 | |||||
Additions net of redemptions | (6 | ) | — | (6 | ) | ||||||
Realized gain | 13 | — | 13 | ||||||||
Unrealized gain | 16 | — | 16 | ||||||||
Asset value as of September 30, 2016 | $ | 346 | $ | — | $ | 346 | |||||
Non-U.S. Pension | |||||||||||
Asset value as of September 30, 2014 | $ | 20 | $ | — | $ | 20 | |||||
Additions net of redemptions | 34 | — | 34 | ||||||||
Unrealized loss | (3 | ) | — | (3 | ) | ||||||
Asset value as of September 30, 2015 | $ | 51 | $ | — | $ | 51 | |||||
Unrealized gain | 1 | — | 1 | ||||||||
Asset value as of September 30, 2016 | $ | 52 | $ | — | $ | 52 |
Pension Benefits | Postretirement Benefits | ||||||||||||||||||||||
U.S. Plans | Non-U.S. Plans | ||||||||||||||||||||||
September 30, | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | |||||||||||||||||
Accumulated Benefit Obligation | $ | 3,158 | $ | 2,985 | $ | 1,821 | $ | 1,388 | $ | — | $ | — | |||||||||||
Change in Projected Benefit Obligation | |||||||||||||||||||||||
Projected benefit obligation at beginning of year | 3,022 | 2,875 | 1,447 | 1,572 | 211 | 224 | |||||||||||||||||
Service cost | 16 | 31 | 29 | 25 | 2 | 3 | |||||||||||||||||
Interest cost | 101 | 122 | 42 | 46 | 6 | 9 | |||||||||||||||||
Plan participant contributions | — | — | 1 | 1 | 6 | 6 | |||||||||||||||||
Acquisitions | — | — | 279 | — | 2 | — | |||||||||||||||||
Divestitures | — | — | — | (18 | ) | — | — | ||||||||||||||||
Actuarial loss | 369 | 203 | 329 | 7 | 6 | — | |||||||||||||||||
Benefits and settlements paid | (299 | ) | (209 | ) | (111 | ) | (65 | ) | (22 | ) | (24 | ) | |||||||||||
Estimated subsidy received | — | — | — | — | 1 | 1 | |||||||||||||||||
Curtailment | — | — | — | (5 | ) | — | — | ||||||||||||||||
Other | — | — | (1 | ) | 43 | — | (4 | ) | |||||||||||||||
Currency translation adjustment | — | — | (58 | ) | (159 | ) | — | (4 | ) | ||||||||||||||
Projected benefit obligation at end of year | $ | 3,209 | $ | 3,022 | $ | 1,957 | $ | 1,447 | $ | 212 | $ | 211 | |||||||||||
Change in Plan Assets | |||||||||||||||||||||||
Fair value of plan assets at beginning of year | $ | 2,606 | $ | 2,504 | $ | 1,177 | $ | 1,201 | $ | 194 | $ | 219 | |||||||||||
Actual return on plan assets | 270 | (4 | ) | 102 | 48 | 17 | (9 | ) | |||||||||||||||
Acquisitions | — | — | 180 | — | — | — | |||||||||||||||||
Divestitures | — | — | — | (10 | ) | — | — | ||||||||||||||||
Employer and employee contributions | 16 | 315 | 121 | 81 | 7 | 8 | |||||||||||||||||
Benefits paid | (122 | ) | (201 | ) | (54 | ) | (55 | ) | (22 | ) | (24 | ) | |||||||||||
Settlement payments | (177 | ) | (8 | ) | (57 | ) | (10 | ) | — | — | |||||||||||||
Other | — | — | (1 | ) | 39 | — | — | ||||||||||||||||
Currency translation adjustment | — | — | (61 | ) | (117 | ) | — | — | |||||||||||||||
Fair value of plan assets at end of year | $ | 2,593 | $ | 2,606 | $ | 1,407 | $ | 1,177 | $ | 196 | $ | 194 | |||||||||||
Funded status | $ | (616 | ) | $ | (416 | ) | $ | (550 | ) | $ | (270 | ) | $ | (16 | ) | $ | (17 | ) | |||||
Amounts recognized in the statement of financial position consist of: | |||||||||||||||||||||||
Prepaid benefit cost | $ | 22 | $ | 17 | $ | 31 | $ | 30 | $ | 53 | $ | 37 | |||||||||||
Accrued benefit liability | (638 | ) | (433 | ) | (581 | ) | (300 | ) | (69 | ) | (54 | ) | |||||||||||
Net amount recognized | $ | (616 | ) | $ | (416 | ) | $ | (550 | ) | $ | (270 | ) | $ | (16 | ) | $ | (17 | ) | |||||
Weighted Average Assumptions (1) | |||||||||||||||||||||||
Discount rate (2) | 3.70 | % | 4.40 | % | 1.80 | % | 3.15 | % | 3.35 | % | 3.75 | % | |||||||||||
Rate of compensation increase | 3.20 | % | 3.25 | % | 2.75 | % | 3.00 | % | NA | NA |
(1) | Plan assets and obligations are determined based on a September 30 measurement date at September 30, 2016 and 2015. |
(2) | The Company considers the expected benefit payments on a plan-by-plan basis when setting assumed discount rates. As a result, the Company uses different discount rates for each plan depending on the plan jurisdiction, the demographics of participants and the expected timing of benefit payments. For the U.S. pension and postretirement plans, the Company uses a discount rate provided by an independent third party calculated based on an appropriate mix of high quality bonds. |
Pension Benefits | Postretirement Benefits | ||||||
Accumulated other comprehensive loss | |||||||
Net transition asset | $ | 1 | $ | — | |||
Net prior service cost | 4 | — | |||||
Total | $ | 5 | $ | — |
Pension Benefits | Postretirement Benefits | ||||||
Amortization of: | |||||||
Net transition obligation | $ | — | $ | — | |||
Net prior service cost | 1 | — | |||||
Total | $ | 1 | $ | — |
Pension Benefits | Postretirement Benefits | ||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S. Plans | ||||||||||||||||||||||||||||||||||
Year ended September 30, | 2016 | 2015 | 2014 | 2016 | 2015 | 2014 | 2016 | 2015 | 2014 | ||||||||||||||||||||||||||
Components of Net Periodic Benefit Cost (Credit): | |||||||||||||||||||||||||||||||||||
Service cost | $ | 16 | $ | 31 | $ | 70 | $ | 29 | $ | 32 | $ | 38 | $ | 2 | $ | 3 | $ | 5 | |||||||||||||||||
Interest cost | 101 | 122 | 138 | 42 | 57 | 71 | 6 | 9 | 12 | ||||||||||||||||||||||||||
Expected return on plan assets | (187 | ) | (181 | ) | (207 | ) | (56 | ) | (71 | ) | (75 | ) | (10 | ) | (12 | ) | (12 | ) | |||||||||||||||||
Net actuarial (gain) loss | 275 | 387 | 126 | 277 | 14 | 172 | (1 | ) | 21 | (24 | ) | ||||||||||||||||||||||||
Amortization of prior service cost (credit) | — | — | 1 | 1 | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (7 | ) | |||||||||||||||||||||
Curtailment gain | — | — | — | — | (15 | ) | (2 | ) | — | — | — | ||||||||||||||||||||||||
Settlement loss | 11 | 1 | 15 | 6 | — | 1 | — | — | — | ||||||||||||||||||||||||||
Net periodic benefit cost (credit) | 216 | 360 | 143 | 299 | 16 | 204 | (4 | ) | 20 | (26 | ) | ||||||||||||||||||||||||
Net periodic benefit (cost) credit related to discontinued operations | — | — | — | — | 14 | (38 | ) | — | — | — | |||||||||||||||||||||||||
Net periodic benefit cost (credit) included in continuing operations | $ | 216 | $ | 360 | $ | 143 | $ | 299 | $ | 30 | $ | 166 | $ | (4 | ) | $ | 20 | $ | (26 | ) | |||||||||||||||
Expense Assumptions: | |||||||||||||||||||||||||||||||||||
Discount rate | 4.40 | % | 4.35 | % | 4.90 | % | 3.15 | % | 3.00 | % | 3.60 | % | 3.75 | % | 4.35 | % | 4.90 | % | |||||||||||||||||
Expected return on plan assets | 7.50 | % | 7.50 | % | 8.00 | % | 4.45 | % | 4.50 | % | 4.75 | % | 5.45 | % | 5.75 | % | 5.80 | % | |||||||||||||||||
Rate of compensation increase | 3.25 | % | 3.25 | % | 3.30 | % | 3.30 | % | 2.60 | % | 2.60 | % | NA | NA | NA |
Employee Severance and Termination Benefits | Long-Lived Asset Impairments | Other | Currency Translation | Total | |||||||||||||||
Original Reserve | $ | 308 | $ | 190 | $ | 37 | $ | — | $ | 535 | |||||||||
Utilized—cash | (29 | ) | — | — | — | (29 | ) | ||||||||||||
Utilized—noncash | — | (190 | ) | (8 | ) | 1 | (197 | ) | |||||||||||
Balance at September 30, 2016 | $ | 279 | $ | — | $ | 29 | $ | 1 | $ | 309 |
Employee Severance and Termination Benefits | Long-Lived Asset Impairments | Other | Total | ||||||||||||
Original Reserve | $ | 191 | $ | 183 | $ | 23 | $ | 397 | |||||||
Utilized—noncash | — | (183 | ) | — | (183 | ) | |||||||||
Balance at September 30, 2015 | $ | 191 | $ | — | $ | 23 | $ | 214 | |||||||
Utilized—cash | (74 | ) | — | (23 | ) | (97 | ) | ||||||||
Balance at September 30, 2016 | $ | 117 | $ | — | $ | — | $ | 117 |
Employee Severance and Termination Benefits | Long-Lived Asset Impairments | Goodwill Impairment | Other | Currency Translation | Total | ||||||||||||||||||
Original Reserve | $ | 191 | $ | 134 | $ | 47 | $ | 5 | $ | — | $ | 377 | |||||||||||
Utilized—cash | (8 | ) | — | — | — | — | (8 | ) | |||||||||||||||
Utilized—noncash | — | (134 | ) | (47 | ) | — | (6 | ) | (187 | ) | |||||||||||||
Balance at September 30, 2014 | $ | 183 | $ | — | $ | — | $ | 5 | $ | (6 | ) | $ | 182 | ||||||||||
Utilized—cash | (65 | ) | — | — | (5 | ) | — | (70 | ) | ||||||||||||||
Utilized—noncash | — | — | — | — | (13 | ) | (13 | ) | |||||||||||||||
Balance at September 30, 2015 | $ | 118 | $ | — | $ | — | $ | — | $ | (19 | ) | $ | 99 | ||||||||||
Utilized—cash | (74 | ) | — | — | — | — | (74 | ) | |||||||||||||||
Utilized—noncash | — | — | — | — | (2 | ) | (2 | ) | |||||||||||||||
Balance at September 30, 2016 | $ | 44 | $ | — | $ | — | $ | — | $ | (21 | ) | $ | 23 |
Employee Severance and Termination Benefits | Long-Lived Asset Impairments | Goodwill Impairment | Other | Currency Translation | Total | ||||||||||||||||||
Original Reserve | $ | 392 | $ | 156 | $ | 430 | $ | 7 | $ | — | $ | 985 | |||||||||||
Utilized—cash | (26 | ) | — | — | — | — | (26 | ) | |||||||||||||||
Utilized—noncash | — | (156 | ) | (430 | ) | (4 | ) | 4 | (586 | ) | |||||||||||||
Transfer to liabilities held for sale | (31 | ) | — | — | — | — | (31 | ) | |||||||||||||||
Balance at September 30, 2013 | $ | 335 | $ | — | $ | — | $ | 3 | $ | 4 | $ | 342 | |||||||||||
Utilized—cash | (144 | ) | — | — | (3 | ) | — | (147 | ) | ||||||||||||||
Utilized—noncash | — | — | — | — | (11 | ) | (11 | ) | |||||||||||||||
Transfer from liabilities held for sale | 31 | — | — | — | — | 31 | |||||||||||||||||
Transfer to liabilities held for sale | (24 | ) | — | — | — | — | (24 | ) | |||||||||||||||
Balance at September 30, 2014 | $ | 198 | $ | — | $ | — | $ | — | $ | (7 | ) | $ | 191 | ||||||||||
Utilized—cash | (113 | ) | — | — | — | — | (113 | ) | |||||||||||||||
Utilized—noncash | — | — | — | — | (10 | ) | (10 | ) | |||||||||||||||
Balance at September 30, 2015 | $ | 85 | $ | — | $ | — | $ | — | $ | (17 | ) | $ | 68 | ||||||||||
Utilized—cash | (43 | ) | — | — | — | — | (43 | ) | |||||||||||||||
Utilized—noncash | — | — | — | — | (1 | ) | (1 | ) | |||||||||||||||
Balance at September 30, 2016 | $ | 42 | $ | — | $ | — | $ | — | $ | (18 | ) | $ | 24 |
Year Ended September 30, | |||||||||||
2016 | 2015 | 2014 | |||||||||
Tax expense at federal statutory rate | $ | 570 | $ | 753 | $ | 671 | |||||
State income taxes, net of federal benefit | 3 | (23 | ) | 7 | |||||||
Foreign income tax expense at different rates and foreign losses without tax benefits | (165 | ) | (198 | ) | (196 | ) | |||||
U.S. tax on foreign income | (354 | ) | (203 | ) | (222 | ) | |||||
Reserve and valuation allowance adjustments | — | (99 | ) | 34 | |||||||
U.S. credits and incentives | (20 | ) | (12 | ) | (9 | ) | |||||
Impact of transactions and business divestitures | 2,141 | 354 | 71 | ||||||||
Restructuring and impairment costs | 113 | 52 | 75 | ||||||||
Other | (29 | ) | (24 | ) | (24 | ) | |||||
Income tax provision | $ | 2,259 | $ | 600 | $ | 407 |
Year Ended September 30, | |||||||||||
2016 | 2015 | 2014 | |||||||||
Beginning balance, October 1 | $ | 1,159 | $ | 1,607 | $ | 1,302 | |||||
Additions for tax positions related to the current year | 465 | 329 | 315 | ||||||||
Additions for tax positions of prior years | 15 | 23 | 31 | ||||||||
Reductions for tax positions of prior years | (66 | ) | (118 | ) | (27 | ) | |||||
Settlements with taxing authorities | (104 | ) | (541 | ) | (9 | ) | |||||
Statute closings | (30 | ) | (18 | ) | (5 | ) | |||||
Audit resolutions | — | (123 | ) | — | |||||||
Ending balance, September 30 | $ | 1,439 | $ | 1,159 | $ | 1,607 |
Tax Jurisdiction | Tax Years Covered | |
Brazil | 2004 - 2008, 2011 - 2012 | |
Canada | 2014 | |
France | 2011 - 2015 | |
Germany | 2007 - 2012 | |
Italy | 2006, 2011 | |
Korea | 2015 | |
Poland | 2015 | |
Spain | 2011 - 2014 | |
United Kingdom | 2011 - 2014 |
Year Ended September 30, | |||||||||||
2016 | 2015 | 2014 | |||||||||
Current | |||||||||||
Federal | $ | 1,972 | $ | (477 | ) | $ | 109 | ||||
State | 101 | (21 | ) | 15 | |||||||
Foreign | 1,390 | 906 | 585 | ||||||||
3,463 | 408 | 709 | |||||||||
Deferred | |||||||||||
Federal | (502 | ) | 201 | (175 | ) | ||||||
State | (51 | ) | (31 | ) | (6 | ) | |||||
Foreign | (651 | ) | 22 | (121 | ) | ||||||
(1,204 | ) | 192 | (302 | ) | |||||||
Income tax provision | $ | 2,259 | $ | 600 | $ | 407 |
September 30, | |||||||
2016 | 2015 | ||||||
Other noncurrent assets | $ | 2,818 | $ | 1,873 | |||
Other noncurrent liabilities | (464 | ) | (391 | ) | |||
Net deferred tax asset | $ | 2,354 | $ | 1,482 |
September 30, | |||||||
2016 | 2015 | ||||||
Deferred tax assets | |||||||
Accrued expenses and reserves | $ | 1,024 | $ | 210 | |||
Employee and retiree benefits | 482 | 270 | |||||
Net operating loss and other credit carryforwards | 1,871 | 2,471 | |||||
Research and development | 94 | 64 | |||||
Joint ventures and partnerships | 396 | 231 | |||||
Other | 26 | 16 | |||||
3,893 | 3,262 | ||||||
Valuation allowances | (1,157 | ) | (1,256 | ) | |||
2,736 | 2,006 | ||||||
Deferred tax liabilities | |||||||
Property, plant and equipment | 166 | 124 | |||||
Intangible assets | 216 | 400 | |||||
382 | 524 | ||||||
Net deferred tax asset | $ | 2,354 | $ | 1,482 |
• | Systems and Service North America provides products and services to non-residential building and industrial applications in the North American marketplace. The products and services include HVAC and controls systems, energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems. |
• | Products North America designs and produces heating and air conditioning solutions for residential and light commercial applications, and also markets products and refrigeration systems to the replacement and new construction markets in the North American marketplace. Products North America also includes HVAC products installed for Navy and Marine customers globally. |
• | Asia provides HVAC, controls and refrigeration systems and technical services to the Asian marketplace. Asia also includes the Johnson Controls-Hitachi Air Conditioning joint venture, which was formed October 1, 2015. |
• | Rest of World provides HVAC, controls and refrigeration systems and technical services to markets in Europe, the Middle East and Latin America. |
• | Seating produces automotive seat metal structures and mechanisms, foam, trim, fabric and complete seat systems. |
• | Interiors produces instrument panels, floor consoles and door panels. |
Year Ended September 30, | |||||||||||
2016 | 2015 | 2014 | |||||||||
Net Sales | |||||||||||
Building Efficiency | |||||||||||
Systems and Service North America | $ | 4,292 | $ | 4,184 | $ | 4,098 | |||||
Products North America | 2,488 | 2,450 | 1,807 | ||||||||
Asia | 4,830 | 1,985 | 2,077 | ||||||||
Rest of World | 1,766 | 1,891 | 2,103 | ||||||||
13,376 | 10,510 | 10,085 | |||||||||
Automotive Experience | |||||||||||
Seating | 16,355 | 16,539 | 17,531 | ||||||||
Interiors | 482 | 3,540 | 4,501 | ||||||||
16,837 | 20,079 | 22,032 | |||||||||
Power Solutions | 6,653 | 6,590 | 6,632 | ||||||||
Total net sales | $ | 36,866 | $ | 37,179 | $ | 38,749 |
Year Ended September 30, | |||||||||||
2016 | 2015 | 2014 | |||||||||
Segment EBIT | |||||||||||
Building Efficiency | |||||||||||
Systems and Service North America (1) | $ | 412 | $ | 375 | $ | 354 | |||||
Products North America (2) | 173 | 306 | 238 | ||||||||
Asia (3) | 431 | 191 | 270 | ||||||||
Rest of World (4) | 20 | 51 | (45 | ) | |||||||
1,036 | 923 | 817 | |||||||||
Automotive Experience | |||||||||||
Seating (5) | 676 | 928 | 853 | ||||||||
Interiors (6) | 75 | 254 | (1 | ) | |||||||
751 | 1,182 | 852 | |||||||||
Power Solutions (7) | 1,253 | 1,153 | 1,052 | ||||||||
Total segment EBIT | $ | 3,040 | $ | 3,258 | $ | 2,721 | |||||
Net financing charges | (300 | ) | (288 | ) | (244 | ) | |||||
Interest expense due to affiliate | (27 | ) | — | — | |||||||
Restructuring and impairment costs | (535 | ) | (397 | ) | (324 | ) | |||||
Net mark-to-market adjustments on pension and postretirement plans | (551 | ) | (422 | ) | (237 | ) | |||||
Income from continuing operations before income taxes | $ | 1,627 | $ | 2,151 | $ | 1,916 |
September 30, | |||||||||||
2016 | 2015 | 2014 | |||||||||
Assets | |||||||||||
Building Efficiency | |||||||||||
Systems and Service North America | $ | 2,338 | $ | 2,332 | $ | 2,341 | |||||
Products North America | 4,236 | 4,193 | 4,157 | ||||||||
Asia | 3,668 | 1,387 | 1,418 | ||||||||
Rest of World | 1,416 | 1,471 | 1,642 | ||||||||
11,658 | 9,383 | 9,558 | |||||||||
Automotive Experience | |||||||||||
Seating | 8,888 | 8,611 | 8,969 | ||||||||
Interiors (8) | 1,264 | 1,265 | 321 | ||||||||
10,152 | 9,876 | 9,290 | |||||||||
Power Solutions | 6,859 | 6,590 | 6,888 | ||||||||
Assets held for sale | 17 | 55 | 2,787 | ||||||||
Unallocated | 6,314 | 3,718 | 4,289 | ||||||||
Total | $ | 35,000 | $ | 29,622 | $ | 32,812 |
Year Ended September 30, | |||||||||||
2016 | 2015 | 2014 | |||||||||
Depreciation/Amortization | |||||||||||
Building Efficiency | |||||||||||
Systems and Service North America | $ | 38 | $ | 32 | $ | 32 | |||||
Products North America | 116 | 119 | 79 | ||||||||
Asia | 107 | 27 | 24 | ||||||||
Rest of World | 19 | 19 | 25 | ||||||||
280 | 197 | 160 | |||||||||
Automotive Experience | |||||||||||
Seating | 355 | 345 | 328 | ||||||||
Interiors | 13 | 21 | 128 | ||||||||
368 | 366 | 456 | |||||||||
Power Solutions | 252 | 297 | 315 | ||||||||
Discontinued Operations | — | — | 24 | ||||||||
Total | $ | 900 | $ | 860 | $ | 955 |
Year Ended September 30, | |||||||||||
2016 | 2015 | 2014 | |||||||||
Capital Expenditures | |||||||||||
Building Efficiency | |||||||||||
Systems and Service North America | $ | 15 | $ | 22 | $ | 27 | |||||
Products North America | 217 | 160 | 123 | ||||||||
Global Workplace Solutions | — | 16 | 16 | ||||||||
Asia | 119 | 32 | 39 | ||||||||
Rest of World | 25 | 38 | 34 | ||||||||
376 | 268 | 239 | |||||||||
Automotive Experience | |||||||||||
Seating | 444 | 437 | 420 | ||||||||
Interiors | 3 | 121 | 181 | ||||||||
Electronics | — | — | 31 | ||||||||
447 | 558 | 632 | |||||||||
Power Solutions | 404 | 309 | 328 | ||||||||
Total | $ | 1,227 | $ | 1,135 | $ | 1,199 |
(1) | Building Efficiency - Systems and Service North America segment EBIT for the years ended September 30, 2016, 2015 and 2014 excludes $2 million, $3 million and $12 million, respectively, of restructuring and impairment costs. |
(2) | Building Efficiency - Products North America segment EBIT for the years ended September 30, 2016, 2015 and 2014 excludes $9 million, $11 million and $7 million, respectively, of restructuring and impairment costs. For the years ended September 30, 2016, 2015 and 2014, Products North America segment EBIT includes $10 million, $9 million and $7 million, respectively, of equity income. |
(3) | Building Efficiency - Asia segment EBIT for the years ended September 30, 2016, 2015 and 2014 excludes $26 million,$11 million and $4 million, respectively, of restructuring and impairment costs. For the years ended September 30, 2016 and 2014, Asia segment EBIT includes $100 million and $21 million, respectively, of equity income. |
(4) | Building Efficiency - Rest of World segment EBIT for the years ended September 30, 2016, 2015 and 2014 excludes $16 million, $13 million and $119 million, respectively, of restructuring and impairment costs. For the years ended September 30, 2016, 2015 and 2014, Rest of World segment EBIT includes $15 million, $14 million and $7 million, respectively, of equity income. |
(5) | Automotive Experience - Seating segment EBIT for the years ended September 30, 2016, 2015 and 2014 excludes $284 million, $182 million and $29 million, respectively, of restructuring and impairment costs. For the years ended September 30, 2016, 2015 and 2014, Seating segment EBIT includes $289 million, $264 million and $250 million, respectively, of equity income. |
(6) | Automotive Experience - Interiors segment EBIT for the years ended September 30, 2016 and 2014 excludes $17 million and $130 million, respectively, of restructuring and impairment costs. For the years ended September 30, 2016, 2015 and 2014, Interiors segment EBIT includes $68 million, $31 million and $35 million, respectively, of equity income. |
(7) | Power Solutions segment EBIT for the years ended September 30, 2016, 2015 and 2014 excludes $66 million, $11 million and $16 million, respectively, of restructuring and impairment costs. For the years ended September 30, 2016, 2015 and 2014, Power Solutions segment EBIT includes $48 million, $57 million and $75 million, respectively, of equity income. |
(8) | Prior year amounts exclude assets held for sale. Refer to Note 3, "Discontinued Operations," of the notes to consolidated financial statements for further information regarding the Company's disposal groups classified as held for sale. |
Year Ended September 30, | |||||||||||
2016 | 2015 | 2014 | |||||||||
Net Sales | |||||||||||
United States | $ | 15,809 | $ | 16,841 | $ | 16,596 | |||||
Germany | 3,296 | 3,375 | 3,853 | ||||||||
Mexico | 1,628 | 1,933 | 2,001 | ||||||||
Japan | 2,262 | 753 | 1,064 | ||||||||
Other European countries | 6,709 | 7,320 | 8,913 | ||||||||
Other foreign | 7,162 | 6,957 | 6,322 | ||||||||
Total | $ | 36,866 | $ | 37,179 | $ | 38,749 | |||||
Long-Lived Assets (Year-end) | |||||||||||
United States | $ | 2,783 | $ | 2,681 | $ | 2,762 | |||||
Germany | 632 | 680 | 910 | ||||||||
Mexico | 684 | 594 | 567 | ||||||||
Japan | 253 | 74 | 77 | ||||||||
Other European countries | 1,054 | 1,006 | 1,064 | ||||||||
Other foreign | 1,243 | 835 | 934 | ||||||||
Total | $ | 6,649 | $ | 5,870 | $ | 6,314 |
2016 | 2015 | ||||||
Current assets | $ | 9,102 | $ | 7,083 | |||
Noncurrent assets | 4,164 | 3,294 | |||||
Total assets | $ | 13,266 | $ | 10,377 | |||
Current liabilities | $ | 7,678 | $ | 6,268 | |||
Noncurrent liabilities | 752 | 604 | |||||
Noncontrolling interests | 78 | 20 | |||||
Shareholders’ equity | 4,758 | 3,485 | |||||
Total liabilities and shareholders’ equity | $ | 13,266 | $ | 10,377 |
2016 | 2015 | 2014 | |||||||||
Net sales | $ | 21,427 | $ | 12,922 | $ | 10,820 | |||||
Gross profit | 3,116 | 1,911 | 1,638 | ||||||||
Net income | 1,567 | 890 | 790 | ||||||||
Income attributable to noncontrolling interests | 26 | 10 | 3 | ||||||||
Net income attributable to the entity | 1,541 | 880 | 787 |
September 30, | ||||||||
2016 | 2015 | |||||||
Receivable from related parties | $ | 239 | $ | 389 | ||||
Payable to related parties | 92 | 285 |
Year Ended September 30, | 2016 | 2015 | 2014 | ||||||||
Accounts Receivable - Allowance for Doubtful Accounts | |||||||||||
Balance at beginning of period | $ | 82 | $ | 72 | $ | 68 | |||||
Provision charged to costs and expenses | 59 | 41 | 50 | ||||||||
Reserve adjustments | (16 | ) | (15 | ) | (22 | ) | |||||
Accounts charged off | (21 | ) | (16 | ) | (19 | ) | |||||
Acquisition of businesses | 12 | 1 | 1 | ||||||||
Currency translation | — | (1 | ) | (1 | ) | ||||||
Transfers to held for sale | — | — | (5 | ) | |||||||
Balance at end of period | $ | 116 | $ | 82 | $ | 72 | |||||
Deferred Tax Assets - Valuation Allowance | |||||||||||
Balance at beginning of period | $ | 1,256 | $ | 1,285 | $ | 1,172 | |||||
Allowance provision for new operating and other loss carryforwards | 121 | 23 | 121 | ||||||||
Allowance provision benefits | (274 | ) | (52 | ) | (8 | ) | |||||
Acquisition of businesses | 54 | — | — | ||||||||
Balance at end of period | $ | 1,157 | $ | 1,256 | $ | 1,285 |
ITEM 9 | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE |
ITEM 9A | CONTROLS AND PROCEDURES |
ITEM 9B | OTHER INFORMATION |
ITEM 10 | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE |
ITEM 11 | EXECUTIVE COMPENSATION |
ITEM 12 | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS |
ITEM 13 | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE |
ITEM 14 | PRINCIPAL ACCOUNTING FEES AND SERVICES |
Fiscal Year | Fiscal Year | ||||||
2016 | 2015 | ||||||
Audit fees | $ | 24,643,000 | $ | 22,331,000 | |||
Audit related fees | 10,000,000 | 5,360,000 | |||||
Tax fees | 4,384,000 | 3,336,000 | |||||
All other fees | 2,131,000 | 514,000 | |||||
Total | $ | 41,158,000 | $ | 31,541,000 |
ITEM 15 | EXHIBITS, FINANCIAL STATEMENT SCHEDULES |
Page in Form 10-K | ||
(a) The following documents are filed as part of this Form 10-K: | ||
(1) Financial Statements | ||
Consolidated Statements of Income for the years ended September 30, 2016, 2015 and 2014 | ||
Consolidated Statements of Comprehensive Income (Loss) for the years ended September 30, 2016, 2015 and 2014 | ||
Consolidated Statements of Financial Position at September 30, 2016 and 2015 | ||
Consolidated Statements of Cash Flows for the years ended September 30, 2016, 2015 and 2014 | ||
Consolidated Statements of Shareholders’ Equity for the years ended September 30, 2016, 2015 and 2014 | ||
(2) Financial Statement Schedule | ||
For the years ended September 30, 2016, 2015 and 2014: | ||
(3) Exhibits | ||
Reference is made to the separate exhibit index contained on pages 121 through 122 filed herewith. |
JOHNSON CONTROLS, INC. | |
By | /s/ Brian J. Stief |
Brian J. Stief | |
Executive Vice President and Chief Financial Officer | |
Date: | November 23, 2016 |
/s/ Alex A. Molinaroli Alex A. Molinaroli Chief Executive Officer (Principal Executive Officer) | /s/ Brian J. Stief Brian J. Stief Executive Vice President and Chief Financial Officer (Principal Financial Officer) | |
/s/ Suzanne M. Vincent Suzanne M. Vincent Vice President and Corporate Controller (Principal Accounting Officer) | /s/ Brian J. Stief Brian J. Stief Director | |
Exhibit | Title | |
2.1 | Agreement and Plan of Merger by and among Johnson Controls, Inc., Johnson Controls International plc (formerly Tyco International plc) and Jagara Merger Sub LLC, dated as of January 24, 2016 (incorporated by reference to Exhibit 2.1 to the registrant’s Current Report on Form 8-K filed January 27, 2016) | |
3.1 | Restated Articles of Incorporation of Johnson Controls, Inc (incorporated by reference to Exhibit 3.1 to the registrant’s Current Report on Form 8-K filed on September 6, 2016) | |
3.2 | Restated Bylaws of Johnson Controls, Inc (incorporated by reference to Exhibit 3.2 to the registrant’s Current Report on Form 8-K filed on September 6, 2016) | |
4.1 | Senior indenture, dated January 17, 2006, between Johnson Controls, Inc. and U.S. Bank National Association, as successor trustee to JP Morgan Chase Bank, National Association (incorporated by reference to Exhibit 4.1 to the registrant’s Registration Statement on Form S-3 filed on February 24, 2009) | |
4.2 | Supplemental Indenture No. 2, dated March 1, 2012, between Johnson Controls, Inc. and U.S. Bank National Association, as Trustee, relating to Johnson Controls, Inc.’s 2.355% Senior Notes due 2017 (incorporated by reference to the registrant’s Current Report on Form 8-K filed March 1, 2012) | |
4.3 | Officer's Certificate, dated January 17, 2006, creating the 5.250% Fixed Rate Notes due 2011 (retired; no longer outstanding), the 5.500% Fixed Rate Notes due 2016 (retired; no longer outstanding ), and the 6.000% Fixed Rate Notes due 2036 (incorporated by reference to Exhibit 4.2 to the registrant’s Form 8-K dated January 9, 2006) | |
4.4 | Officers’ Certificate, dated December 2, 2011, establishing Johnson Controls, Inc.’s 2.600% Senior Notes due 2016, 3.750% Senior Notes due 2021 and 5.250% Senior Notes due 2041 (incorporated by reference to Exhibit 4.1 to the registrant’s Current Report on Form 8-K filed December 2, 2011) | |
4.5 | Officers’ Certificate, dated March 9, 2010 creating Johnson Controls, Inc.’s 5.000% Senior Notes due 2020 (incorporated by reference to Exhibit 4.1 to the registrant’s Current Report on Form 8-K filed March 10, 2010) | |
4.6 | Officers’ Certificate, dated June 13, 2014, establishing Johnson Controls, Inc.’s 1.400% Senior Notes due 2017, 3.625% Senior Notes due 2024, 4.625% Senior Notes due 2044 and 4.950% Senior Notes due 2064 (incorporated by reference to Exhibit 4.1 to the registrant’s Current Report on Form 8-K filed June 13, 2014) | |
4.7 | Officers’ Certificate, dated February 4, 2011, establishing Johnson Controls, Inc.’s Floating Rate Notes due 2014 (retired; no longer outstanding), 1.75% Senior Notes due 2014 (retired; no longer outstanding), 4.25% Senior Notes due 2021 and 5.70% Senior Notes due 2041 (incorporated by reference to Exhibit 4.1 to the registrant’s Current Report on Form 8-K filed February 7, 2011) | |
4.8 | Miscellaneous long-term debt agreements and financing leases with banks and other creditors and debenture indentures.* | |
4.9 | Miscellaneous industrial development bond long-term debt issues and related loan agreements and leases.* | |
10.1 | Credit Agreement, dated as of March 10, 2016, among Johnson Controls, Inc., the financial institutions parties thereto and JPMorgan Chase Bank, N.A., as administrative agent (incorporated by reference to Exhibit 4.2 to the registrant’s Current Report on Form 8-K filed March 6, 2016) | |
10.2 | Amended and Restated Executive Employment Agreement, dated as of January 24, 2016, by and between Johnson Controls, Inc. and Alex A. Molinaroli (incorporated by reference to Exhibit 10.1 to the registrant’s Current Report on Form 8-K filed on January 27, 2016) ** |
Exhibit | Title | |
10.3 | Amended and Restated Change of Control Executive Employment Agreement, dated as of January 24, 2016, by and between Johnson Controls, Inc. and Alex A. Molinaroli (incorporated by reference to Exhibit 10.2 to the registrant’s Current Report on Form 8-K filed on January 27, 2016) ** | |
10.4 | Amendment to the Amended and Restated Change of Control Executive Employment Agreement, dated as of April 1, 2016, by and between Johnson Controls, Inc. and Alex Molinaroli (incorporated by reference to Exhibit 10.4 to the registrant’s Current Report on Form 8-K filed on April 29, 2016) ** | |
10.5 | Global Assignment Letter between Johnson Controls, Inc. and Trent Nevill dated as of April 1, 2016 (incorporated by reference to Exhibit 10.4 to the registrant’s Current Report on Form 8-K filed on April 29, 2016) ** | |
10.6 | Form of employment agreement, including form of change in control agreement, between Johnson Controls, Inc. and Messrs. Stief, Jackson, Walicki, Nevill and Davis, as amended and restated July 28, 2010 (incorporated by reference to Exhibit 10.Y to the registrant’s Quarterly Report on Form 10-Q filed on August 3, 2010) ** | |
10.7 | Form of letter agreement amending certain provisions of the employment agreement between Johnson Controls, Inc. and Messrs. Stief, Jackson, Walicki, Nevill and Davis (filed herewith) ** | |
12.1 | Computation of ratio of earnings to fixed charges for the years ended September 30, 2016, 2015, 2014, 2013 and 2012, filed herewith. | |
18.1 | Preferability Letter on Change in Accounting Principle (filed herewith) | |
21.1 | Subsidiaries of Johnson Controls, Inc. (filed herewith) |
31.1 | Certification by the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith) | |
31.2 | Certification by the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith) | |
32.1 | Certification by the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith) | |
101 | Financial statements from the Annual Report on Form 10-K of Johnson Controls, Inc. for the fiscal year ended September 30, 2016 formatted in XBRL: (i) the Consolidated Statements of Financial Position, (ii) the Consolidated Statements of Income, (iii) the Consolidated Statements of Comprehensive Income (Loss), (iv) the Consolidated Statements of Cash Flow, (v) the Consolidated Statements of Shareholders’ Equity Attributable to Johnson Controls, Inc. and (vi) Notes to Consolidated Financial Statements (filed herewith) |
* | These instruments are not being filed as exhibits herewith because none of the long-term debt instruments authorizes the issuance of debt in excess of 10% of the total assets of Johnson Controls, Inc. and its subsidiaries on a consolidated basis. Johnson Controls, Inc. agrees to furnish a copy of each agreement to the Securities and Exchange Commission upon request. |
** | Management contract or compensatory plan. |
Re: | Change of Control Executive Employment Agreement |
Year Ended September 30, | |||||||||||||||||||
(Dollars in millions) | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||
Income (loss) from continuing operations attributable to Johnson Controls, Inc. | $ | (847 | ) | $ | 1,439 | $ | 1,404 | $ | 992 | $ | 1,003 | ||||||||
Income tax provision | 2,259 | 600 | 407 | 674 | 108 | ||||||||||||||
Income attributable to noncontrolling interests | 215 | 112 | 105 | 102 | 119 | ||||||||||||||
Income from equity affiliates | (530 | ) | (375 | ) | (395 | ) | (399 | ) | (338 | ) | |||||||||
Distributed income of equity affiliates | 277 | 231 | 204 | 210 | 190 | ||||||||||||||
Amortization of previously capitalized interest | 16 | 16 | 16 | 18 | 9 | ||||||||||||||
Fixed charges less capitalized interest | 428 | 425 | 406 | 414 | 387 | ||||||||||||||
Earnings | $ | 1,818 | $ | 2,448 | $ | 2,147 | $ | 2,011 | $ | 1,478 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest incurred and amortization of debt expense | $ | 321 | $ | 316 | $ | 286 | $ | 305 | $ | 298 | |||||||||
Estimated portion of interest in rent expense | 126 | 134 | 148 | 151 | 144 | ||||||||||||||
Fixed charges | $ | 447 | $ | 450 | $ | 434 | $ | 456 | $ | 442 | |||||||||
Less: Interest capitalized during the period | (19 | ) | (25 | ) | (28 | ) | (42 | ) | (55 | ) | |||||||||
Fixed charges less capitalized interest | $ | 428 | $ | 425 | $ | 406 | $ | 414 | $ | 387 | |||||||||
Ratio of earnings to fixed charges | 4.1 | 5.4 | 4.9 | 4.4 | 3.3 |
Name | Jurisdiction Where Subsidiary is Incorporated | |
Johnson Controls Battery Group, Inc. | Wisconsin | |
1. | I have reviewed this annual report on Form 10-K of Johnson Controls, Inc.; |
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 most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) 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 registrant’s board of directors (or persons performing the equivalent functions): |
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. |
/s/ Alex A. Molinaroli |
Alex A. Molinaroli Chief Executive Officer |
1. | I have reviewed this annual report on Form 10-K of Johnson Controls, Inc.; |
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 most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) 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 registrant’s board of directors (or persons performing the equivalent functions): |
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. |
/s/ Brian J. Stief |
Brian J. Stief Executive Vice President and Chief Financial Officer |
1. | the Annual Report on Form 10-K for the year ended September 30, 2016 (Periodic Report) to which this statement is an exhibit fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)) and |
2. | information contained in the Periodic Report fairly presents, in all material respects, the financial condition and results of operations of Johnson Controls, Inc. |
/s/ Alex A. Molinaroli |
Alex A. Molinaroli Chief Executive Officer |
/s/ Brian J. Stief |
Brian J. Stief Executive Vice President and Chief Financial Officer |
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Document and Entity Information $ in Billions |
12 Months Ended |
---|---|
Sep. 30, 2016
USD ($)
shares
| |
Document Documentand Entity Information [Abstract] | |
Document Type | 10-K |
Amendment Flag | false |
Document Period End Date | Sep. 30, 2016 |
Document Fiscal Year Focus | 2016 |
Document Fiscal Period Focus | FY |
Entity Registrant Name | JOHNSON CONTROLS INC |
Entity Central Index Key | 0000053669 |
Current Fiscal Year End Date | --09-30 |
Entity Well-known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Voluntary Filers | No |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | shares | 0 |
Entity Public Float | $ | $ 0.0 |
Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Statement of Comprehensive Income [Abstract] | |||
Net income (loss) | $ (632) | $ 1,679 | $ 1,343 |
Other comprehensive income (loss), net of tax: | |||
Foreign currency translation adjustments | (28) | (825) | (642) |
Realized and unrealized gains (losses) on derivatives | 9 | (10) | (3) |
Realized and unrealized losses on marketable common stock | (1) | 0 | (7) |
Pension and postretirement plans | (1) | (10) | (5) |
Other comprehensive loss | (21) | (845) | (657) |
Total Comprehensive income (loss) | (653) | 834 | 686 |
Comprehensive income attributable to noncontrolling interests | 224 | 91 | 126 |
Comprehensive income (loss) attributable to Johnson Controls, Inc. | $ (877) | $ 743 | $ 560 |
Consolidated Statements of Financial Position - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
---|---|---|
Assets | ||
Cash and cash equivalents | $ 198 | $ 597 |
Cash in escrow related to Adient debt | 2,034 | 0 |
Accounts receivable, less allowance for doubtful accounts of $116 and $82, respectively | 6,271 | 5,751 |
Inventories | 2,810 | 2,377 |
Assets held for sale | 17 | 55 |
Other current assets | 1,841 | 1,689 |
Current assets | 13,171 | 10,469 |
Property, plant and equipment - net | 6,649 | 5,870 |
Goodwill | 7,101 | 6,824 |
Other intangible assets - net | 1,514 | 1,516 |
Investments in partially-owned affiliates | 2,735 | 2,143 |
Other noncurrent assets | 3,830 | 2,800 |
Total assets | 35,000 | 29,622 |
Liabilities and Equity | ||
Short-term debt | 662 | 52 |
Current portion of long-term debt | 628 | 813 |
Accounts payable | 5,975 | 5,174 |
Accrued compensation and benefits | 1,498 | 1,090 |
Interest payable to affiliate | 27 | 0 |
Liabilities held for sale | 0 | 42 |
Other current liabilities | 4,607 | 3,275 |
Current liabilities | 13,397 | 10,446 |
Long-term debt | 8,193 | 5,745 |
Notes payable due to affiliate | 6,500 | 0 |
Pension and postretirement benefits | 1,022 | 767 |
Other noncurrent liabilities | 2,854 | 1,954 |
Long-term liabilities | 18,569 | 8,466 |
Redeemable noncontrolling interests | 234 | 212 |
Common stock, par value $0.01, $0.01, 1,000, 1.8 billion shares authorized; 0, 717,039,108 shares issued, respectively | 0 | 7 |
Capital in excess of par value | 251 | 3,740 |
Treasury stock, at cost (2015 - 69,671,840 shares) | 2,698 | 10,797 |
Treasury stock, at cost (2015 - 69,671,840 shares) | 0 | (3,152) |
Accumulated other comprehensive loss | (1,087) | (1,057) |
Shareholders’ equity attributable to Johnson Controls, Inc. | 1,862 | 10,335 |
Noncontrolling interests | 938 | 163 |
Total equity | 2,800 | 10,498 |
Total liabilities and equity | $ 35,000 | $ 29,622 |
Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
---|---|---|
Statement of Financial Position [Abstract] | ||
Allowance for doubtful accounts | $ 116 | $ 82 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 1,800,000,000 | 1,800,000,000 |
Common stock, shares issued | 0 | 717,039,108 |
Treasury stock, at cost, shares | 0 | 69,671,840 |
Consolidated Statements of Cash Flows - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Operating Activities | |||
Net income (loss) attributable to Johnson Controls, Inc. | $ (847) | $ 1,563 | $ 1,215 |
Income from continuing operations attributable to noncontrolling interests | 215 | 112 | 105 |
Income from discontinued operations attributable to noncontrolling interests, net of tax | 0 | 4 | 23 |
Net income (loss) | (632) | 1,679 | 1,343 |
Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
Depreciation and amortization | 900 | 860 | 955 |
Pension and postretirement benefit expense | 511 | 396 | 321 |
Pension and postretirement contributions | (137) | (409) | (161) |
Equity in earnings of partially-owned affiliates, net of dividends received | (250) | (144) | (153) |
Deferred income taxes | (1,204) | 327 | (329) |
Non-cash restructuring and impairment charges | 197 | 183 | 181 |
Loss (gain) on business divestitures - net | (26) | (1,340) | 111 |
Fair value adjustment of equity investment | (4) | 0 | (38) |
Equity-based compensation | 128 | 90 | 82 |
Other | 5 | (1) | (2) |
Changes in assets and liabilities, excluding acquisitions and divestitures: | |||
Accounts Receivable | (244) | (297) | (18) |
Inventories | (77) | (99) | (311) |
Other assets | 107 | (113) | (192) |
Restructuring reserves | 83 | (6) | (31) |
Accounts payable and accrued liabilities | 415 | 348 | 440 |
Accrued income taxes | 2,072 | 126 | 197 |
Cash provided by operating activities | 1,844 | 1,600 | 2,395 |
Investing Activities | |||
Capital expenditures | (1,227) | (1,135) | (1,199) |
Sale of property, plant and equipment | 32 | 37 | 79 |
Acquisition of businesses, net of cash acquired | (133) | (22) | (1,733) |
Business divestitures | 32 | 1,646 | 225 |
Changes in long-term investments | (24) | (44) | 19 |
Other | (7) | (12) | 16 |
Cash provided (used) by investing activities | (1,327) | 470 | (2,593) |
Financing Activities | |||
Increase (decrease) in short-term debt - net | 561 | (68) | 73 |
Increase in long-term debt | 1,501 | 299 | 2,001 |
Repayment of long-term debt | (1,299) | (191) | (833) |
Debt financing costs | 45 | 0 | 0 |
Stock repurchases | (501) | (1,362) | (1,249) |
Payment of cash dividends | (915) | (657) | (568) |
Proceeds from the exercise of stock options | 67 | 275 | 186 |
Cash paid to acquire a noncontrolling interest | (2) | (38) | (5) |
Dividends paid to noncontrolling interests | (306) | (68) | (55) |
Other | 11 | (11) | 38 |
Cash used by financing activities | (928) | (1,821) | (412) |
Effect of exchange rate changes on cash and cash equivalents | 12 | (81) | (20) |
Change in cash held for sale | 0 | (20) | 16 |
Increase (decrease) in cash and cash equivalents | (399) | 188 | (646) |
Cash and cash equivalents at beginning of period | 597 | 409 | 1,055 |
Cash and cash equivalents at end of period | $ 198 | $ 597 | $ 409 |
Consolidated Statements of Shareholders' Equity Attributable to Johnson Controls, Inc. - USD ($) $ in Millions |
Total |
Common Stock |
Additional Paid-in Capital [Member] |
Retained Earnings |
Treasury Stock [Member] |
AOCI Attributable to Parent [Member] |
---|---|---|---|---|---|---|
Beginning balance at Sep. 30, 2013 | $ 12,273 | $ 7 | $ 3,092 | $ 9,287 | $ (531) | $ 418 |
Comprehensive income (loss) | 560 | 0 | 0 | 1,215 | 0 | (655) |
Common stock dividend | 586 | 0 | 0 | 586 | 0 | 0 |
Repurchases of common stock | (1,249) | 0 | 0 | 0 | (1,249) | 0 |
Other, including options exercised | (272) | 0 | (277) | 1 | 4 | 0 |
Ending balance at Sep. 30, 2014 | 11,270 | 7 | 3,369 | 9,915 | (1,784) | (237) |
Comprehensive income (loss) | 743 | 0 | 0 | 1,563 | 0 | (820) |
Common stock dividend | (681) | 0 | 0 | (681) | 0 | 0 |
Repurchases of common stock | (1,362) | 0 | 0 | 0 | (1,362) | 0 |
Other, including options exercised | (365) | 0 | (371) | 0 | 6 | 0 |
Ending balance at Sep. 30, 2015 | 10,335 | 7 | 3,740 | 10,797 | (3,152) | (1,057) |
Comprehensive income (loss) | (877) | 0 | 0 | (847) | 0 | (30) |
Common stock dividend | (752) | 0 | 0 | (752) | 0 | 0 |
Repurchases of common stock | (501) | 0 | 0 | 0 | (501) | 0 |
Stockholders Equity, Change due to Merger | (6,500) | (7) | (3,657) | (6,500) | 3,664 | 0 |
Other, including options exercised | (157) | 0 | (168) | 0 | 11 | 0 |
Ending balance at Sep. 30, 2016 | $ 1,862 | $ 0 | $ 251 | $ 2,698 | $ 0 | $ (1,087) |
Consolidated Statements of Shareholders' Equity Attributable to Johnson Controls, Inc. (Parenthetical) - $ / shares |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Cash dividends common, per share | $ 1.16 | $ 1.04 | $ 0.88 |
Retained Earnings | |||
Cash dividends common, per share | $ 1.16 | $ 1.04 | $ 0.88 |
Summary of Significant Accounting Policies (Notes) |
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations On September 2, 2016, Johnson Controls, Inc. (the "Company") and Tyco International plc (“Tyco”) completed their combination pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of January 24, 2016, as amended by Amendment No. 1, dated as of July 1, 2016, by and among the Company, Tyco and certain other parties named therein, including Jagara Merger Sub LLC, an indirect wholly owned subsidiary of Tyco (“Merger Sub”). Pursuant to the terms of the Merger Agreement, on September 2, 2016, Merger Sub merged with and into the Company, with the Company being the surviving corporation in the merger and a wholly owned, indirect subsidiary of Tyco (the “Merger”). Following the Merger, Tyco changed its name to Johnson Controls International plc ("JCI plc"). Principles of Consolidation The consolidated financial statements include the accounts of Johnson Controls, Inc. and its domestic and non-U.S. subsidiaries that are consolidated in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). All significant intercompany transactions have been eliminated. The results of companies acquired or disposed of during the year are included in the consolidated financial statements from the effective date of acquisition or up to the date of disposal. Investments in partially-owned affiliates are accounted for by the equity method when the Company’s interest exceeds 20% and the Company does not have a controlling interest. Under certain criteria as provided for in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 810, "Consolidation," the Company may consolidate a partially-owned affiliate. To determine whether to consolidate a partially-owned affiliate, the Company first determines if the entity is a variable interest entity (VIE). An entity is considered to be a VIE if it has one of the following characteristics: 1) the entity is thinly capitalized; 2) residual equity holders do not control the entity; 3) equity holders are shielded from economic losses or do not participate fully in the entity’s residual economics; or 4) the entity was established with non-substantive voting. If the entity meets one of these characteristics, the Company then determines if it is the primary beneficiary of the VIE. The party with the power to direct activities of the VIE that most significantly impact the VIE’s economic performance and the potential to absorb benefits or losses that could be significant to the VIE is considered the primary beneficiary and consolidates the VIE. If the entity is not considered a VIE, then the Company applies the voting interest model to determine whether or not the Company shall consolidate the partially-owned affiliate. Consolidated VIEs Based upon the criteria set forth in ASC 810, the Company has determined that it was the primary beneficiary in three VIEs for the reporting periods ended September 30, 2016 and 2015, as the Company absorbs significant economics of the entities and has the power to direct the activities that are considered most significant to the entities. Two of the VIEs manufacture products in North America for the automotive industry. The Company funds the entities’ short-term liquidity needs through revolving credit facilities and has the power to direct the activities that are considered most significant to the entities through its key customer supply relationships. In fiscal 2012, a pre-existing VIE accounted for under the equity method was reorganized into three separate investments as a result of the counterparty exercising its option to put its interest to the Company. The Company acquired additional interests in two of the reorganized group entities. The reorganized group entities are considered to be VIEs as the other owner party has been provided decision making rights but does not have equity at risk. The Company is considered the primary beneficiary of one of the entities due to the Company’s power pertaining to decisions over significant activities of the entity. As such, this VIE has been consolidated within the Company’s consolidated statements of financial position. The impact of consolidation of the entity on the Company’s consolidated statements of income for the years ended September 30, 2016, 2015 and 2014 was not material. The VIE is named as a co-obligor under a third party debt agreement of $170 million, maturing in fiscal 2020, under which it could become subject to paying more than its allocated share of the third party debt in the event of bankruptcy of one or more of the other co-obligors. The other co-obligors, all related parties in which the Company is an equity investor, consist of the remaining group entities involved in the reorganization. As part of the overall reorganization transaction, the Company has also provided financial support to the group entities in the form of loans totaling $37 million, which are subordinate to the third party debt agreement. The Company is a significant customer of certain co-obligors, resulting in a remote possibility of loss. Additionally, the Company is subject to a floor guaranty expiring in fiscal 2022; in the event that the other owner party no longer owns any part of the group entities due to sale or transfer, the Company has guaranteed that the proceeds received from the sale or transfer will not be less than $25 million. The Company has partnered with the group entities to design and manufacture battery components for the Power Solutions business. The carrying amounts and classification of assets (none of which are restricted) and liabilities included in the Company’s consolidated statements of financial position for the consolidated VIEs are as follows (in millions):
The Company did not have a significant variable interest in any other consolidated VIEs for the presented reporting periods. Nonconsolidated VIEs As mentioned previously within the "Consolidated VIEs" section above, in fiscal 2012, a pre-existing VIE was reorganized into three separate investments as a result of the counterparty exercising its option to put its interest to the Company. The reorganized group entities are considered to be VIEs as the other owner party has been provided decision making rights but does not have equity at risk. The Company is not considered to be the primary beneficiary of two of the entities as the Company cannot make key operating decisions considered to be most significant to the VIEs. Therefore, the entities are accounted for under the equity method of accounting as the Company’s interest exceeds 20% and the Company does not have a controlling interest. The Company’s maximum exposure to loss includes the partially-owned affiliate investment balance of $59 million and $62 million at September 30, 2016 and 2015, respectively, as well as the subordinated loan from the Company, third party debt agreement and floor guaranty mentioned previously within the "Consolidated VIEs" section above. Current liabilities due to the VIEs are not material and represent normal course of business trade payables for all presented periods. The Company did not have a significant variable interest in any other nonconsolidated VIEs for the presented reporting periods. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fair Value of Financial Instruments The fair values of cash and cash equivalents, accounts receivable, short-term debt and accounts payable approximate their carrying values. See Note 10, "Derivative Instruments and Hedging Activities," and Note 11, "Fair Value Measurements," of the notes to consolidated financial statements for fair value of financial instruments, including derivative instruments, hedging activities and long-term debt. Assets and Liabilities Held for Sale The Company classifies assets and liabilities (disposal groups) to be sold as held for sale in the period in which all of the following criteria are met: management, having the authority to approve the action, commits to a plan to sell the disposal group; the disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such disposal groups; an active program to locate a buyer and other actions required to complete the plan to sell the disposal group have been initiated; the sale of the disposal group is probable, and transfer of the disposal group is expected to qualify for recognition as a completed sale within one year, except if events or circumstances beyond the Company's control extend the period of time required to sell the disposal group beyond one year; the disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company initially measures a disposal group that is classified as held for sale at the lower of its carrying value or fair value less any costs to sell. Any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met. Conversely, gains are not recognized on the sale of a disposal group until the date of sale. The Company assesses the fair value of a disposal group less any costs to sell each reporting period it remains classified as held for sale and reports any subsequent changes as an adjustment to the carrying value of the disposal group, as long as the new carrying value does not exceed the carrying value of the disposal group at the time it was initially classified as held for sale. Upon determining that a disposal group meets the criteria to be classified as held for sale, the Company reports the assets and liabilities of the disposal group, if material, in the line items assets held for sale and liabilities held for sale in the consolidated statements of financial position. Refer to Note 3, "Discontinued Operations," of the notes to consolidated financial statements for further information. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash in Escrow Related to Adient Debt At September 30, 2016, the Company held restricted cash of $2,034 million. These amounts are restricted proceeds deposited into escrow from the issuance of $2,000 million aggregate principal of unsecured, unsubordinated notes that Adient Global Holdings Ltd. ("AGH"), a wholly owned subsidiary of the Company, and are expected to be released upon the completion of the Adient spin-off. At September 30, 2015, there was no cash in escrow for this purpose. Approximately $1,500 million of the proceeds will be distributed to the Company in connection with the spin-off and approximately $500 million of the proceeds will be used for Adient's general corporate purposes. Restricted Cash At September 30, 2016, the Company held restricted cash of approximately $62 million, which was recorded within other current assets in the consolidated statements of financial position. These amounts were primarily related to cash held in escrow from business divestitures. At September 30, 2015, the Company did not hold a material amount of restricted cash. Receivables Receivables consist of amounts billed and currently due from customers and unbilled costs and accrued profits related to revenues on long-term contracts that have been recognized for accounting purposes but not yet billed to customers. The Company extends credit to customers in the normal course of business and maintains an allowance for doubtful accounts resulting from the inability or unwillingness of customers to make required payments. The allowance for doubtful accounts is based on historical experience, existing economic conditions and any specific customer collection issues the Company has identified. The Company enters into supply chain financing programs to sell certain accounts receivable without recourse to third-party financial institutions. Sales of accounts receivable are reflected as a reduction of accounts receivable on the consolidated balance sheets and the proceeds are included in cash flows from operating activities in the consolidated statements of cash flows. Inventories Inventories are stated at the lower of cost or market using the first-in, first-out (FIFO) method. Finished goods and work-in-process inventories include material, labor and manufacturing overhead costs. Pre-Production Costs Related to Long-Term Supply Arrangements The Company’s policy for engineering, research and development, and other design and development costs related to products that will be sold under long-term supply arrangements requires such costs to be expensed as incurred or capitalized if reimbursement from the customer is contractually assured. Income related to recovery of these costs is recorded within selling, general and administrative expense in the consolidated statements of income. At September 30, 2016 and 2015, the Company recorded within the consolidated statements of financial position approximately $316 million and $299 million, respectively, of engineering and research and development costs for which customer reimbursement is contractually assured. The reimbursable costs are recorded in other current assets if reimbursement will occur in less than one year and in other noncurrent assets if reimbursement will occur beyond one year. Costs for molds, dies and other tools used to make products that will be sold under long-term supply arrangements are capitalized within property, plant and equipment if the Company has title to the assets or has the non-cancelable right to use the assets during the term of the supply arrangement. Capitalized items, if specifically designed for a supply arrangement, are amortized over the term of the arrangement; otherwise, amounts are amortized over the estimated useful lives of the assets. The carrying values of assets capitalized in accordance with the foregoing policy are periodically reviewed for impairment whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. At September 30, 2016 and 2015, approximately $62 million and $60 million, respectively, of costs for molds, dies and other tools were capitalized within property, plant and equipment which represented assets to which the Company had title. In addition, at September 30, 2016 and 2015, the Company recorded within the consolidated statements of financial position in other current assets approximately $203 million and $149 million, respectively, of costs for molds, dies and other tools for which customer reimbursement is contractually assured. Property, Plant and Equipment Property, plant and equipment are recorded at cost. Depreciation is provided over the estimated useful lives of the respective assets using the straight-line method for financial reporting purposes and accelerated methods for income tax purposes. The estimated useful lives range from 3 to 40 years for buildings and improvements and from 3 to 15 years for machinery and equipment. The Company capitalizes interest on borrowings during the active construction period of major capital projects. Capitalized interest is added to the cost of the underlying assets and is amortized over the useful lives of the assets. Goodwill and Indefinite-Lived Intangible Assets Goodwill reflects the cost of an acquisition in excess of the fair values assigned to identifiable net assets acquired. The Company reviews goodwill for impairment during the fourth fiscal quarter or more frequently if events or changes in circumstances indicate the asset might be impaired. The Company performs impairment reviews for its reporting units, which have been determined to be the Company’s reportable segments or one level below the reportable segments in certain instances, using a fair value method based on management’s judgments and assumptions or third party valuations. The fair value of a reporting unit refers to the price that would be received to sell the unit as a whole in an orderly transaction between market participants at the measurement date. In estimating the fair value, the Company uses multiples of earnings based on the average of historical, published multiples of earnings of comparable entities with similar operations and economic characteristics. In certain instances, the Company uses discounted cash flow analyses or estimated sales price to further support the fair value estimates. The inputs utilized in the analyses are classified as Level 3 inputs within the fair value hierarchy as defined in ASC 820, "Fair Value Measurement." The estimated fair value is then compared with the carrying amount of the reporting unit, including recorded goodwill. The Company is subject to financial statement risk to the extent that the carrying amount exceeds the estimated fair value. Refer to Note 6, "Goodwill and Other Intangible Assets," of the notes to consolidated financial statements for information regarding the goodwill impairment testing performed in the fourth quarters of fiscal years 2016, 2015 and 2014. Indefinite-lived intangible assets are also subject to at least annual impairment testing. Indefinite-lived intangible assets consist of trademarks and tradenames and are tested for impairment using a relief-from-royalty method. A considerable amount of management judgment and assumptions are required in performing the impairment tests. Impairment of Long-Lived Assets The Company reviews long-lived assets, including property, plant and equipment and other intangible assets with definite lives, for impairment whenever events or changes in circumstances indicate that the asset’s carrying amount may not be recoverable. The Company conducts its long-lived asset impairment analyses in accordance with ASC 360-10-15, "Impairment or Disposal of Long-Lived Assets." ASC 360-10-15 requires the Company to group assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities and evaluate the asset group against the sum of the undiscounted future cash flows. If the undiscounted cash flows do not indicate the carrying amount of the asset is recoverable, an impairment charge is measured as the amount by which the carrying amount of the asset group exceeds its fair value based on discounted cash flow analysis or appraisals. Refer to Note 16, "Impairment of Long-Lived Assets," of the notes to consolidated financial statements for information regarding the impairment testing performed in fiscal years 2016, 2015 and 2014. Percentage-of-Completion Contracts The Building Efficiency business records certain long-term contracts under the percentage-of-completion (POC) method of accounting. Under this method, sales and gross profit are recognized as work is performed based on the relationship between actual costs incurred and total estimated costs at completion. The Company records costs and earnings in excess of billings on uncompleted contracts primarily within accounts receivable and billings in excess of costs and earnings on uncompleted contracts primarily within other current liabilities in the consolidated statements of financial position. Costs and earnings in excess of billings related to these contracts were $396 million and $453 million at September 30, 2016 and 2015, respectively. Billings in excess of costs and earnings related to these contracts were $304 million and $340 million at September 30, 2016 and 2015, respectively. Revenue Recognition The Building Efficiency business recognizes revenue from certain long-term contracts over the contractual period under the POC method of accounting. This method of accounting recognizes sales and gross profit as work is performed based on the relationship between actual costs incurred and total estimated costs at completion. Recognized revenues that will not be billed under the terms of the contract until a later date are recorded primarily in accounts receivable. Likewise, contracts where billings to date have exceeded recognized revenues are recorded primarily in other current liabilities. Changes to the original estimates may be required during the life of the contract and such estimates are reviewed monthly. Sales and gross profit are adjusted using the cumulative catch-up method for revisions in estimated total contract costs and contract values. Estimated losses are recorded when identified. Claims against customers are recognized as revenue upon settlement. The amount of accounts receivable due after one year is not significant. The use of the POC method of accounting involves considerable use of estimates in determining revenues, costs and profits and in assigning the amounts to accounting periods. The periodic reviews have not resulted in adjustments that were significant to the Company’s results of operations. The Company continually evaluates all of the assumptions, risks and uncertainties inherent with the application of the POC method of accounting. The Building Efficiency business enters into extended warranties and long-term service and maintenance agreements with certain customers. For these arrangements, revenue is recognized on a straight-line basis over the respective contract term. The Building Efficiency business also sells certain heating, ventilating and air conditioning (HVAC) and refrigeration products and services in bundled arrangements, where multiple products and/or services are involved. In accordance with ASU No. 2009-13, "Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements - A Consensus of the FASB Emerging Issues Task Force," the Company divides bundled arrangements into separate deliverables and revenue is allocated to each deliverable based on the relative selling price method. Significant deliverables within these arrangements include equipment, commissioning, service labor and extended warranties. In order to estimate relative selling price, market data and transfer price studies are utilized. Approximately four to twelve months separate the timing of the first deliverable until the last piece of equipment is delivered, and there may be extended warranty arrangements with duration of one to five years commencing upon the end of the standard warranty period. In all other cases, the Company recognizes revenue at the time title passes to the customer or as services are performed. Research and Development Costs Expenditures for research activities relating to product development and improvement are charged against income as incurred and included within selling, general and administrative expenses in the consolidated statements of income. Such expenditures for the years ended September 30, 2016, 2015 and 2014 were $598 million, $733 million and $792 million, respectively. A portion of the costs associated with these activities is reimbursed by customers and, for the fiscal years ended September 30, 2016, 2015 and 2014 were $308 million, $364 million and $352 million, respectively. Foreign Currency Translation Substantially all of the Company’s international operations use the respective local currency as the functional currency. Assets and liabilities of international entities have been translated at period-end exchange rates, and income and expenses have been translated using average exchange rates for the period. Monetary assets and liabilities denominated in non-functional currencies are adjusted to reflect period-end exchange rates. The aggregate transaction losses, net of the impact of foreign currency hedges, included in net income for the years ended September 30, 2016, 2015 and 2014 were $88 million, $119 million and $8 million, respectively. Derivative Financial Instruments The Company has written policies and procedures that place all financial instruments under the direction of Corporate treasury and restrict all derivative transactions to those intended for hedging purposes. The use of financial instruments for speculative purposes is strictly prohibited. The Company selectively uses financial instruments to manage the market risk from changes in foreign exchange rates, commodity prices, stock based compensation liabilities and interest rates. The fair values of all derivatives are recorded in the consolidated statements of financial position. The change in a derivative’s fair value is recorded each period in current earnings or accumulated other comprehensive income (AOCI), depending on whether the derivative is designated as part of a hedge transaction and if so, the type of hedge transaction. See Note 10, "Derivative Instruments and Hedging Activities," and Note 11, "Fair Value Measurements," of the notes to consolidated financial statements for disclosure of the Company’s derivative instruments and hedging activities. Pension and Postretirement Benefits The Company utilizes a mark-to-market approach for recognizing pension and postretirement benefit expenses, including measuring the market related value of plan assets at fair value and recognizing actuarial gains and losses in the fourth quarter of each fiscal year or at the date of a remeasurement event. Refer to Note 14, "Retirement Plans," of the notes to consolidated financial statements for disclosure of the Company's pension and postretirement benefit plans. Loss Contingencies Accruals are recorded for various contingencies including legal proceedings, environmental matters, self-insurance and other claims that arise in the normal course of business. The accruals are based on judgment, the probability of losses and, where applicable, the consideration of opinions of internal and/or external legal counsel and actuarially determined estimates. Additionally, the Company records receivables from third party insurers when recovery has been determined to be probable. The Company is subject to laws and regulations relating to protecting the environment. The Company provides for expenses associated with environmental remediation obligations when such amounts are probable and can be reasonably estimated. Refer to Note 20, "Commitments and Contingencies," of the notes to consolidated financial statements. The Company records liabilities for its workers' compensation, product, general and auto liabilities. The determination of these liabilities and related expenses is dependent on claims experience. For most of these liabilities, claims incurred but not yet reported are estimated by utilizing actuarial valuations based upon historical claims experience. The Company records receivables from third party insurers when recovery has been determined to be probable. Asbestos-Related Contingencies The Company and certain of its subsidiaries along with numerous other companies are named as defendants in personal injury lawsuits based on alleged exposure to asbestos-containing materials. The Company's estimate of the liability for pending and future claims and defense costs is based on the Company's historical claim experience, and estimates of the number and resolution cost of potential future claims that may be filed and is discounted to present value from 2049 (which is the Company's reasonable best estimate of the actuarially determined time period through which asbestos-related claims will be filed against Company affiliates). Asbestos related defense costs are included in the asbestos liability. The Company's legal strategy for resolving claims also impacts these estimates. The Company considers various trends and developments in evaluating the period of time (the look-back period) over which historical claim and settlement experience is used to estimate and value claims reasonably projected to be made through 2049. Annually, the Company assesses the sufficiency of its estimated liability for pending and future claims and defense costs by evaluating actual experience regarding claims filed, settled and dismissed, and amounts paid in settlements. In addition to claims and settlement experience, the Company considers additional quantitative and qualitative factors such as changes in legislation, the legal environment, and the Company's defense strategy. The Company evaluates all of these factors and determines whether a change in the estimate of its liability for pending and future claims and defense costs is warranted. Refer to Note 20, "Commitments and Contingencies," of the notes to consolidated financial statements for a discussion on management's judgments applied in the recognition and measurement of asbestos-related liabilities. Income Taxes Deferred tax liabilities and assets are recognized for the expected future tax consequences of events that have been reflected in the consolidated financial statements. Deferred tax liabilities and assets are determined based on the differences between the book and tax bases of particular assets and liabilities and operating loss carryforwards, using tax rates in effect for the years in which the differences are expected to reverse. A valuation allowance is provided to offset deferred tax assets if, based upon the available evidence, including consideration of tax planning strategies, it is more-likely-than-not that some or all of the deferred tax assets will not be realized. Refer to Note 17, "Income Taxes," of the notes to consolidated financial statements. Retrospective Changes In the fourth quarter of fiscal 2016, the Company changed its accounting policy for accruing for defense costs for asbestos related claims on a discounted basis. The Company’s historical accounting treatment for asbestos claim defense costs was to accrue as incurred. The new policy is to record an accrual for all future asbestos related defense costs which are determined to be probable and estimable of being incurred. The Company believes this new policy is preferable as it better reflects the economics of settlement of the Company's asbestos claims, improves comparability among the Company’s peer group and provides greater transparency to on-going operating results. These changes have been reported through retrospective application of the new policy to all periods presented. These changes did not have an impact to any period presented on the consolidated statements of income.The financial statement impact of this change for all periods presented was an increase to other noncurrent liabilities of $68 million, an increase to other noncurrent assets of $27 million and a decrease to retained earnings of $41 million. In September 2016, in conjunction with the Tyco Merger, the par value of the Company’s common stock was changed from $1.00 per share to $0.01 per share. This change resulted in a decrease to common stock and corresponding increase in capital in excess of par value in the consolidated statements of financial position and is reported through retrospective application of the new par value for all periods presented. New Accounting Pronouncements Recently Adopted Accounting Pronouncements In November 2015, the FASB issued ASU No. 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes." ASU No. 2015-17 requires that deferred tax liabilities and assets be classified as noncurrent in the consolidated statements of financial position. During the quarter ended December 31, 2015, the Company early adopted ASU No. 2015-17 and applied the change retrospectively to all periods presented. Historical information was already revised throughout these financial statements to reflect the adoption of ASU No. 2015-17 within the Company's recasted consolidated financial statements and notes to consolidated financial statement for the year ended September 30, 2015 in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 3, 2016. In April 2014, the FASB issued ASU No. 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity." ASU No. 2014-08 limits discontinued operations reporting to situations where the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results, and requires expanded disclosures for discontinued operations. ASU No. 2014-08 was effective for the Company for the quarter ended December 31, 2015. The adoption of this guidance did not have any impact on the Company's consolidated financial statements as there were no dispositions or disposals during the quarter ended December 31, 2015. Recently Issued Accounting Pronouncements In October 2016, the FASB issued ASU No. 2016-17, "Consolidations (Topic 810): Interests Held through Related Parties that are under Common Control." The ASU changes how a single decision maker of a VIE that holds indirect interest in the entity through related parties that are under common control determines whether it is the primary beneficiary of the VIE. The new guidance amends ASU 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis" issued in February 2015. The guidance should be applied coincidentally with the adoption of ASU 2015-02, which is effective for the Company for the quarter ending December 31, 2016. The adoption of this guidance is not expected to have a significant impact on the Company's consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, "Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory". The ASU requires the tax effects of all intra-entity sales of assets other than inventory to be recognized in the period in which the transaction occurs. The guidance will be effective for the Company for the quarter ending December 31, 2018 with early adoption permitted but only in the first interim period of a fiscal year. The changes are required to be applied by means of a cumulative-effect adjustment recorded in retained earnings as of the beginning of the fiscal year of adoption. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments." ASU No. 2016-15 provides clarification guidance on eight specific cash flow presentation issues in order to reduce the diversity in practice. ASU No. 2016-15 will be effective for the Company for the quarter ending December 31, 2018, with early adoption permitted. The guidance should be applied retrospectively to all periods presented, unless deem impracticable, in which case prospective application is permitted. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." ASU No. 2016-13 changes the impairment model for financial assets measured at amortized cost, requiring presentation at the net amount expected to be collected. The measurement of expected credit losses is based upon historical experience, current conditions, and reasonable and supportable forecasts. Available-for-sale debt securities with unrealized losses will now be recorded through an allowance for credit losses. ASU No. 2016-13 will be effective for the Company for the quarter ended December 31, 2020, with early adoption permitted for the quarter ended December 31, 2019. The adoption of this guidance is not expected to have a significant impact on the Company's consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting." ASU No. 2016-09 impacts certain aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statements of cash flows. ASU No. 2016-09 will be effective for the Company for the quarter ending December 31, 2017, with early adoption permitted. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-07, "Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting." ASU No. 2016-07 eliminates the requirement for an investment that qualifies for the use of the equity method of accounting as a result of an increase in the level of ownership or degree of influence to adjust the investment, results of operations and retained earnings retrospectively. ASU No. 2016-07 will be effective prospectively for the Company for increases in the level of ownership interest or degree of influence that result in the adoption of the equity method that occur during or after the quarter ending December 31, 2017, with early adoption permitted. The impact of this guidance for the Company is dependent on any future increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)." ASU No. 2016-02 requires recognition of operating leases as lease assets and liabilities on the balance sheet, and disclosure of key information about leasing arrangements. ASU No. 2016-02 will be effective retrospectively for the Company for the quarter ending December 31, 2019, with early adoption permitted. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." ASU No. 2016-01 amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU No. 2016-01 will be effective for the Company for the quarter ending December 31, 2018, and early adoption is not permitted, with certain exceptions. The changes are required to be applied by means of a cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, "Simplifying the Measurement of Inventory." ASU No. 2015-11 requires inventory that is recorded using the first-in, first-out method to be measured at the lower of cost or net realizable value. ASU No. 2015-11 will be effective prospectively for the Company for the quarter ending December 31, 2017, with early adoption permitted. The adoption of this guidance is not expected to have a significant impact on the Company's consolidated financial statements. In May 2015, the FASB issued ASU No. 2015-07, "Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)." ASU No. 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. Such investments should be disclosed separate from the fair value hierarchy. ASU No. 2015-07 will be effective retrospectively for the Company for the quarter ending December 31, 2016, with early adoption permitted. The adoption of this guidance is not expected to have an impact on the Company's consolidated financial statements but will impact pension asset disclosures. In April 2015, the FASB issued ASU No. 2015-03, "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs." ASU No. 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability. ASU No. 2015-03 will be effective retrospectively for the Company for the quarter ending December 31, 2016, with early adoption permitted. The adoption of this guidance is not expected to have a significant impact on the Company's consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis." ASU No. 2015-02 amends the analysis performed to determine whether a reporting entity should consolidate certain types of legal entities. The ASU No. 2015-02 was amended by ASU No. 2016-17, "Consolidations (Topic 810): Interests Held through Related Parties that are under Common Control," issued in October 2016. ASU No. 2015-02 will be effective retrospectively for the Company for the quarter ending December 31, 2016, with early adoption permitted. The adoption of this guidance is not expected to have a significant impact on the Company's consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." ASU No. 2014-09 clarifies the principles for recognizing revenue when an entity either enters into a contract with customers to transfer goods or services or enters into a contract for the transfer of non-financial assets. The original standard was effective retrospectively for the Company for the quarter ending December 31, 2017; however in August 2015, the FASB issued ASU No. 2015-14, "Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date," which defers the effective date of ASU No. 2014-09 by one-year for all entities. The new standard will become effective retrospectively for the Company for the quarter ending December 31, 2018, with early adoption permitted, but not before the original effective date. Additionally, in March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)," in April 2016, the FASB issued ASU No. 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing," and in May 2016, the FASB issued ASU No. 2016-12, "Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients," all of which provide additional clarification on certain topics addressed in ASU No. 2014-09. ASU No. 2016-08, ASU No. 2016-10 and ASU No. 2016-12 follow the same implementation guidelines as ASU No. 2014-09 and ASU No. 2015-14. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. |
Acquisitions and Divestitures (Notes) |
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Sep. 30, 2016 | |
Disclosure Acquisitions And Divestitures [Abstract] | |
ACQUISITIONS AND DIVESTITURES | ACQUISITIONS AND DIVESTITURES Fiscal Year 2016 On October 1, 2015, the Company formed a joint venture with Hitachi to expand its Building Efficiency product offerings. The Company acquired a 60 percent ownership interest in the new entity for approximately $133 million ($563 million purchase price less cash acquired of $430 million). The purchase price, net of cash acquired, was paid as of September 30, 2016. In connection with the acquisition, the Company recorded goodwill of $253 million related to purchase price allocations. In the second quarter of fiscal 2016, the Company completed one acquisition for a purchase price, net of cash acquired, of $3 million, none of which was paid as of September 30, 2016. The acquisition was not material to the Company's consolidated financial statements. In connection with the acquisition, the Company recorded goodwill of $5 million. The acquisition increased the Company's ownership from a noncontrolling to controlling interest. As a result, the Company recorded a non-cash gain of $4 million in equity income for the Building Efficiency Rest of World segment to adjust the Company's existing equity investment in the partially-owned affiliate to fair value. In the fourth quarter of fiscal 2016, the Company completed two divestitures for a combined sales price of $39 million, exclusive of net cash divested of $13 million. None of the sales proceeds were received as of September 30, 2016. The divestitures were not material to the Company's consolidated financial statements. In connection with the divestitures, the Company recorded a gain of $12 million within selling, general and administrative expenses on the consolidated statements of income and reduced goodwill by $13 million and $3 million in the Building Efficiency Rest of World segment and Building Efficiency Products North America segment, respectively. In the third quarter of fiscal 2016, the Company completed a divestiture for a sales price of $16 million, all of which was received as of September 30, 2016. The divestiture was not material to the Company's consolidated financial statements. In connection with the divestiture, the Company recorded a gain of $14 million within selling, general and administrative expenses on the consolidated statements of income and reduced goodwill by $3 million in the Building Efficiency Systems and Service North America segment. During fiscal 2016, the Company received $29 million in net cash proceeds related to prior year business divestitures. Fiscal Year 2015 During fiscal 2015, the Company completed three acquisitions for a combined purchase price, net of cash acquired, of $47 million, $18 million of which was paid as of September 30, 2015. The acquisitions in the aggregate were not material to the Company’s consolidated financial statements. In connection with the acquisitions, the Company recorded goodwill of $9 million. In the fourth quarter of fiscal 2015, the Company completed the sale of its GWS business to CBRE Group, Inc. The selling price, net of cash divested, was $1.4 billion, all of which was received as of September 30, 2015. In connection with the sale, the Company recorded a $940 million gain, $643 million net of tax, within income (loss) from discontinued operations, net of tax, on the consolidated statements of income and reduced goodwill in assets held for sale by $220 million. At March 31, 2015, the Company determined that the GWS segment met the criteria to be classified as a discontinued operation. Refer to Note 3, "Discontinued Operations," of the notes to consolidated financial statements for further disclosure related to the Company's discontinued operations. In the fourth quarter of fiscal 2015, the Company completed its global automotive interiors joint venture with Yanfeng Automotive Trim Systems. In connection with the divestiture of the Interiors business, the Company recorded a $145 million gain, $38 million net of tax. The pre-tax gain is recorded within selling, general and administrative expenses on the consolidated statements of income and reduced goodwill in assets held for sale by $21 million. Also during fiscal 2015, the Company completed four additional divestitures for a combined sales price of $119 million, $86 million of which was received as of September 30, 2015. The divestitures were not material to the Company's consolidated financial statements. In connection with the divestitures, the Company recorded a gain of $38 million within selling, general and administrative expenses on the consolidated statements of income and reduced goodwill by $14 million in the Building Efficiency Products North America segment, recorded a gain of $10 million within selling, general and administrative expenses on the consolidated statements of income and reduced goodwill by $4 million in the Automotive Experience Seating segment and recorded a gain of $7 million within selling, general and administrative expenses on the consolidated statements of income and reduced goodwill by $2 million in the Building Efficiency Systems and Service North America segment. In the first nine months of fiscal 2015, the Company adjusted the purchase price allocation of the fiscal 2014 acquisition of Air Distribution Technologies Inc. (ADTi). The adjustment was made as a result of a true-up to the purchase price in the amount of $4 million, all of which was paid as of September 30, 2015. Also, in connection with this acquisition, the Company recorded additional goodwill of $34 million in fiscal 2015 related to the final purchase price allocations. In the second quarter of fiscal 2015, the Company completed the sale of its interests in two GWS joint ventures to Brookfield Asset Management, Inc. The selling price, net of cash divested, was $141 million, all of which was received as of September 30, 2015. In connection with the sale, the Company recorded a $200 million gain, $127 million net of tax, within income (loss) from discontinued operations, net of tax, on the consolidated statements of income and reduced goodwill in assets held for sale by $20 million. Fiscal Year 2014 In the third quarter of fiscal 2014, the Company completed its purchase of ADTi for approximately $1.6 billion, net of cash acquired, all of which was paid as of June 30, 2014. ADTi is one of the largest independent providers of air distribution and ventilation products in North America. In the third quarter of fiscal 2014, the Company completed a public offering of $1.7 billion aggregate principal amount of fixed rate senior notes to finance the purchase of ADTi. In fiscal 2014, the Company recorded goodwill of $837 million in the Building Efficiency Products North America segment as a result of the ADTi acquisition. The Company also recorded approximately $477 million of intangible assets that are subject to amortization, of which approximately $475 million was assigned to customer relationships with useful lives between 18 and 20 years. In addition, the Company recorded approximately $230 million of trade names that are not subject to amortization. Also during fiscal 2014, the Company completed four additional acquisitions for a combined purchase price, net of cash acquired, of $144 million, all of which was paid as of September 30, 2014. The acquisitions in the aggregate were not material to the Company's consolidated financial statements. In connection with the acquisitions, the Company recorded goodwill of $140 million. Three of the acquisitions increased the Company's ownership from a noncontrolling to controlling interest. As a result, the Company recorded a combined non-cash gain of $38 million in equity income to adjust the Company's existing equity investments in the partially-owned affiliates to fair value. The $38 million gain includes $19 million for the Power Solutions business and $19 million for the Building Efficiency Asia business. In the third quarter of fiscal 2014, the Company completed the divestiture of the Automotive Experience Interiors headliner and sun visor product lines. As part of this divestiture, the Company made a cash payment of $54 million to the buyer to fund future operational improvement initiatives. The Company recorded a pre-tax loss on divestiture, including transaction costs, of $95 million within selling, general and administrative expenses on the consolidated statements of income. The tax impact of the divestiture was income tax expense of $38 million due to the jurisdictional mix of gains and losses on the sale, which resulted in non-benefited losses in certain countries and taxable gains in other countries. There was no change in goodwill as a result of this transaction. In the third quarter of fiscal 2014, the Company recorded a $25 million charge within income (loss) from discontinued operations, net of tax, on the consolidated statements of income related to the indemnification of certain costs associated with a divested GWS business in 2004. In the second quarter of fiscal 2014, the Company announced that it had reached an agreement to sell the remainder of its Automotive Experience Electronics business to Visteon Corporation, subject to regulatory and other approvals. The sale closed on July 1, 2014. The cash proceeds from the sale were $266 million, all of which was received as of September 30, 2014. At March 31, 2014, the Company determined that the Automotive Experience Electronics segment met the criteria to be classified as a discontinued operation. Refer to Note 3, "Discontinued Operations," of the notes to consolidated financial statements for further disclosure related to the Company's discontinued operations. In the first quarter of fiscal 2014, the Company completed one additional divestiture for a sales price of $13 million, all of which was received as of September 30, 2014. The divestiture was not material to the Company’s consolidated financial statements. In connection with the divestiture, the Company recorded a gain, net of transaction costs, of $9 million in the Automotive Experience Interiors segment within selling, general and administrative expenses on the consolidated statements of income. There was no change in goodwill as a result of this transaction. During fiscal 2014, the Company adjusted the purchase price allocation of certain fiscal 2013 acquisitions and recorded additional goodwill of $2 million. |
Discontinued Operations (Notes) |
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Assets and Liabilities Held for Sale [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations | DISCONTINUED OPERATIONS On March 31, 2015, the Company announced that it had reached a definitive agreement to sell the remainder of the GWS business to CBRE Group Inc. (CBRE), subject to regulatory and other approvals. The sale closed on September 1, 2015. The agreement includes a 10-year strategic relationship between the Company and CBRE. The Company is the preferred provider of HVAC equipment, building automation systems and related services to the portfolio of real estate and corporate facilities managed globally by CBRE and GWS. The Company also engages GWS for facility management services. The annual cash flows resulting from these activities with the legacy GWS business are not currently significant nor are they expected to become significant in the future. At March 31, 2015, the Company determined that its GWS segment met the criteria to be classified as a discontinued operation, The Company did not allocate any general corporate overhead to discontinued operations. There were no amounts related to the GWS business classified as discontinued operations for the fiscal year ended September 30, 2016. The following table summarizes the results of GWS, reclassified as discontinued operations for the fiscal years ended September 30, 2015 and 2014 (in millions):
For the fiscal year ended September 30, 2015, the income from discontinued operations before income taxes included a $940 million gain on divestiture for the remainder of the GWS business, a $200 million gain on divestiture of the Company's interest in two GWS joint ventures and current year transaction costs of $87 million. For the fiscal year ended September 30, 2014, the income from discontinued operations before income taxes included a $25 million charge related to the indemnification of certain costs associated with a divested GWS business in 2004. The effective tax rate is different than the U.S. statutory rate for fiscal 2015 primarily due to $680 million tax expense for repatriation of cash and other tax reserves, and the tax consequences of the sale of the GWS joint ventures ($73 million) and the remaining business ($297 million). The effective tax rate is different than the U.S. statutory rate for fiscal 2014 primarily due to a tax charge of $35 million related to the change in the Company's assertion over reinvestment of foreign undistributed earnings as well as a non-benefited loss related to the indemnification of certain costs associated with a divested business in 2004, partially offset by foreign tax rate differentials. In the second quarter of fiscal 2014, the Company announced that it had reached a definitive agreement to sell the remainder of the Automotive Experience Electronics business to Visteon Corporation, subject to regulatory and other approvals. The sale closed on July 1, 2014. At March 31, 2014, the Company determined that the Automotive Experience Electronics segment met the criteria to be classified as a discontinued operation, which required retrospective application to financial information for all periods presented. The Company did not allocate any general corporate overhead to discontinued operations. There were no amounts related to the Automotive Experience Electronics business classified as discontinued operations for the fiscal year ended September 30, 2016 and 2015. The following table summarizes the results of the Automotive Experience Electronics business, classified as discontinued operations for the fiscal years ended September 30, 2014 (in millions):
For the year ended September 30, 2014, the discontinued operations before income taxes included divestiture-related losses of $80 million comprised of asset and investment impairment charges of $43 million, transaction costs of $27 million and severance obligations of $10 million. For the year ended September 30, 2014, the Company's effective tax rate for discontinued operations was different than the U.S. federal statutory rate primarily due to a second quarter discrete non-cash tax charge of $180 million related to the repatriation of foreign cash associated with the divestiture of the Electronics business and unbenefited foreign losses. Assets and Liabilities Held for Sale At September 30, 2016, $17 million of certain corporate assets were classified as held for sale. At September 30, 2015, $55 million of assets and $42 million of liabilities related to certain product lines of the Automotive Experience Interiors segment which were not contributed to the automotive interiors joint venture were classified as held for sale. At September 30, 2016, these product lines no longer met the criteria to be classified as held for sale. |
Inventories (Notes) |
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Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INVENTORIES | INVENTORIES Inventories consisted of the following (in millions):
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Property, Plant and Equipment (Notes) |
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PROPERTY, PLANT AND EQUIPMENT | PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following (in millions):
Interest costs capitalized during the fiscal years ended September 30, 2016, 2015 and 2014 were $19 million, $25 million and $28 million, respectively. Accumulated depreciation related to capital leases at September 30, 2016 and 2015 was $40 million and $54 million, respectively. At September 30, 2016, the Company is the lessor of properties included in land of $21 million, gross building and improvements of $187 million and accumulated depreciation of $126 million. At September 30, 2015, the Company is the lessor of properties included in land of $13 million, gross building and improvements of $177 million and accumulated depreciation of $131 million. |
Goodwill and Other Intangible Assets (Notes) |
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GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill in each of the Company’s reportable segments for the fiscal years ended September 30, 2016 and 2015 were as follows (in millions):
At September 30, 2014, accumulated goodwill impairment charges included $430 million and $47 million related to the Automotive Experience Interiors and Building Efficiency Rest of World - Latin America reporting units, respectively. There were no goodwill impairments resulting from fiscal 2016 and 2015 annual impairment tests. Except for recent acquisitions which are recorded at fair value, no reporting unit was determined to be at risk of failing step one of the goodwill impairment test. At October 1, 2015, the Company assessed goodwill for impairment in the Building Efficiency business due to the change in reportable segments as described in Note 18, "Segment Information," of the notes to consolidated financial statements. As a result, the Company performed impairment testing for goodwill under the new segments and determined that the estimated fair value of each reporting unit substantially exceeded its corresponding carrying amount including recorded goodwill, and as such, no impairment existed at October 1, 2015. No reporting unit was determined to be at risk of failing step one of the goodwill impairment test. During fiscal 2014, as a result of operating results, restructuring actions and expected future profitability, the Company's forecasted cash flow estimates used in the goodwill assessment were negatively impacted as of September 30, 2014 for the Building Efficiency Rest of World - Latin America reporting unit. As a result, the Company concluded that the carrying value of the Building Efficiency Rest of World - Latin America reporting unit exceeded its fair value as of September 30, 2014. The Company recorded a goodwill impairment charge of $47 million in the fourth quarter of fiscal 2014, which was determined by comparing the carrying value of the reporting unit's goodwill with the implied fair value of goodwill for the reporting unit. The Building Efficiency Rest of World - Latin America reporting unit has no remaining goodwill at September 30, 2016 and 2015. The assumptions included in the impairment tests require judgment, and changes to these inputs could impact the results of the calculations. Other than management's projections of future cash flows, the primary assumptions used in the impairment tests were the weighted-average cost of capital and long-term growth rates. Although the Company's cash flow forecasts are based on assumptions that are considered reasonable by management and consistent with the plans and estimates management is using to operate the underlying businesses, there are significant judgments in determining the expected future cash flows attributable to a reporting unit. The impairment charges are non-cash expenses recorded within restructuring and impairment costs on the consolidated statements of income and did not adversely affect the Company's debt position, cash flow, liquidity or compliance with financial covenants. The Company’s other intangible assets, primarily from business acquisitions valued based on independent appraisals, consisted of (in millions):
Amortization of intangible assets for the fiscal years ended September 30, 2016, 2015 and 2014 was $99 million, $92 million and $86 million, respectively. Excluding the impact of any future acquisitions, the Company anticipates amortization for fiscal 2017, 2018, 2019, 2020 and 2021 will be approximately $98 million, $98 million, $82 million, $76 million and $67 million, respectively. There were no indefinite lived intangible asset impairments resulting from fiscal 2016, 2015 and 2014 annual impairment tests. |
Product Warranties (Notes) |
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Product Warranties Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PRODUCT WARRANTIES | PRODUCT WARRANTIES The Company offers warranties to its customers depending upon the specific product and terms of the customer purchase agreement. A typical warranty program requires that the Company replace defective products within a specified time period from the date of sale. The Company records an estimate for future warranty-related costs based on actual historical return rates and other known factors. Based on analysis of return rates and other factors, the Company’s warranty provisions are adjusted as necessary. The Company monitors its warranty activity and adjusts its reserve estimates when it is probable that future warranty costs will be different than those estimates. The Company’s product warranty liability is recorded in the consolidated statements of financial position in other current liabilities if the warranty is less than one year and in other noncurrent liabilities if the warranty extends longer than one year. The changes in the carrying amount of the Company’s total product warranty liability, including extended warranties for which deferred revenue is recorded, for the fiscal years ended September 30, 2016 and 2015 were as follows (in millions):
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Leases (Notes) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
LEASES | LEASES Certain administrative and production facilities and equipment are leased under long-term agreements. Most leases contain renewal options for varying periods, and certain leases include options to purchase the leased property during or at the end of the lease term. Leases generally require the Company to pay for insurance, taxes and maintenance of the property. Leased capital assets included in net property, plant and equipment, primarily buildings and improvements, were $44 million and $46 million at September 30, 2016 and 2015, respectively. Other facilities and equipment are leased under arrangements that are accounted for as operating leases. Total rental expense for the fiscal years ended September 30, 2016, 2015 and 2014 was $377 million, $413 million and $459 million, respectively. Future minimum capital and operating lease payments and the related present value of capital lease payments at September 30, 2016 were as follows (in millions):
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Debt and Financing Arrangements (Notes) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DEBT AND FINANCING ARRANGEMENTS | DEBT AND FINANCING ARRANGEMENTS Short-term debt consisted of the following (in millions):
In connection with the Tyco Merger, JCI Inc. replaced its $2.5 billion committed five-year credit facility scheduled to mature in August 2018 with a $2.0 billion committed four-year credit facility scheduled to mature in August 2020. The facility is used to support the Company's outstanding commercial paper. There were no draws on either credit facility during the fiscal years ended September 30, 2016 and 2015. Average outstanding commercial paper for the fiscal year ended September 30, 2016 was $1,397 million, and there was none outstanding at September 30, 2016. Average outstanding commercial paper for the fiscal year ended September 30, 2015 was $1,537 million, and there was none outstanding at September 30, 2015. In February 2016, the Company entered into a nine-month, $100 million floating rate term loan scheduled to mature in November 2016. Proceeds from the term loan were used for general corporate purposes. In February 2016, the Company terminated a 37 million euro committed revolving credit facility scheduled to mature in September 2016, and subsequently entered into a nine-month, 100 million euro, floating rate term loan scheduled to mature in October 2016. Proceeds from the term loan were used for general corporate purposes. In January 2016, the Company entered into a ten-month, $200 million, floating rate term loan scheduled to mature in October 2016. Proceeds from the term loan were used for general corporate purposes. In January 2016, the Company entered into a ten-month, $125 million, floating rate term loan scheduled to mature in October 2016. Proceeds from the term loan were used for general corporate purposes. Long-term debt consisted of the following (in millions; due dates by fiscal year):
At September 30, 2016, the Company’s other foreign-denominated long-term debt was at fixed and floating rates with a weighted-average interest rate of 1.3%. At September 30, 2015, the Company’s other foreign-denominated long-term debt was at fixed and floating rates with a weighted-average interest rate of 1.1%. The installments of long-term debt maturing in subsequent fiscal years are: 2017 - $628 million; 2018 - $310 million; 2019 - $0 million; 2020 - $906 million; 2021 - $1,999 million; 2022 and thereafter - $4,978 million. The Company’s long-term debt includes various financial covenants, none of which are expected to restrict future operations. Total interest paid on both short and long-term debt for the fiscal years ended September 30, 2016, 2015 and 2014 was $319 million, $373 million and $314 million, respectively. The Company uses financial instruments to manage its interest rate exposure (see Note 10, "Derivative Instruments and Hedging Activities," and Note 11, "Fair Value Measurements," of the notes to consolidated financial statements). These instruments affect the weighted average interest rate of the Company’s debt and interest expense. Financing Arrangements Financing in connection with proposed Adient spin-off In August 2016, Adient Global Holdings, Ltd. (AGH), a wholly-owned subsidiary of Johnson Controls, issued a one billion euro, 3.5% fixed rate, 8-year senior unsecured note scheduled to mature in August 2024. AGH also issued a $900 million, 4.875%, 10-year senior unsecured note scheduled to mature in August 2026. The proceeds from the notes were deposited into escrow and are expected to be released in connection with the spin-off. The notes have not been, and are not expected to be, guaranteed by the Company or any of its subsidiaries that will not be subsidiaries of Adient following the spin-off. Approximately $1,500 million of the proceeds will be distributed to the Company in connection with the spin-off and approximately $500 million of the proceeds will be used for Adient's general corporate purposes. In July 2016, AGH entered into a 5-year, $1,500 million Term A loan facility and a 5-year, $1,500 million revolving credit facility scheduled to mature in July 2021. The term loan was fully drawn in August 2016. As of September 30, 2016, there were no draws on the facility. Upon completion of the spin-off of Adient, AGH will become a wholly-owned subsidiary of Adient. On the date of the spin-off, Adient and certain of its wholly-owned subsidiaries will guarantee the debt, and the guarantees of Johnson Controls will automatically be released.The Company used the proceeds of the term loan to early repay its four tranches of euro-denominated floating rate credit facilities, totaling 390 million euro, that were outstanding as of September 30, 2015; three term loans of $500 million, $200 million and $125 million that were entered into during fiscal 2016, plus accrued interest, and a $90 million outstanding credit facility. The remainder of the proceeds were used for general corporate purposes. Other financing arrangements At September 30, 2016, the Company had committed bilateral U.S. dollar denominated revolving credit facilities totaling $135 million, which are scheduled to expire in fiscal 2017. There were no draws on any of these revolving facilities as of September 30, 2016. In January 2016, the Company retired $800 million in principal amount, plus accrued interest, of its 5.5% fixed rate notes that matured in January 2016. In September 2015, the Company retired, at maturity, $500 million, $150 million and $100 million floating rate term loans plus accrued interest that were entered into during fiscal 2015. In June 2015, the Company entered into a five-year, 37 billion yen floating rate syndicated term loan scheduled to mature in June 2020. Proceeds from the syndicated term loan were used for general corporate purposes. In May 2015, the Company made a partial repayment of 32 million euro in principal amount, plus accrued interest, of its 70 million euro floating rate credit facility scheduled to mature in November 2017. The remaining outstanding portion as of September 30, 2015 was repaid during fiscal 2016. In March 2015, the Company retired $125 million in principal amount, plus accrued interest, of its 7.7% fixed rate notes that matured in March 2015. Notes Payable Due to Affiliate
On September 2, 2016, in conjunction with the Tyco Merger, the Company entered into promissory notes with total face value of $6,500 million. These notes have stated annual interest rates between 5.0% and 6.0% and are scheduled to mature between 2021 and 2026. The interest is payable quarterly and outstanding unpaid principal amount is due at maturity. Net Financing Charges and Interest Expense Due to Affiliate The Company's net financing charges and interest expense due to affiliate line items in the consolidated statements of income for the years ended September 30, 2016, 2015 and 2014 contained the following components (in millions):
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Derivative Instruments and Hedging Activities (Notes) |
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES | DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES The Company selectively uses derivative instruments to reduce market risk associated with changes in foreign currency, commodities, stock-based compensation liabilities and interest rates. Under Company policy, the use of derivatives is restricted to those intended for hedging purposes; the use of any derivative instrument for speculative purposes is strictly prohibited. A description of each type of derivative utilized by the Company to manage risk is included in the following paragraphs. In addition, refer to Note 11, "Fair Value Measurements," of the notes to consolidated financial statements for information related to the fair value measurements and valuation methods utilized by the Company for each derivative type. Cash Flow Hedges The Company has global operations and participates in the foreign exchange markets to minimize its risk of loss from fluctuations in foreign currency exchange rates. The Company selectively hedges anticipated transactions that are subject to foreign exchange rate risk primarily using foreign currency exchange hedge contracts. The Company hedges 70% to 90% of the nominal amount of each of its known foreign exchange transactional exposures. As cash flow hedges under ASC 815, "Derivatives and Hedging," the effective portion of the hedge gains or losses due to changes in fair value are initially recorded as a component of AOCI and are subsequently reclassified into earnings when the hedged transactions occur and affect earnings. Any ineffective portion of the hedge is reflected in the consolidated statements of income. These contracts were highly effective in hedging the variability in future cash flows attributable to changes in currency exchange rates at September 30, 2016 and 2015. The Company selectively hedges anticipated transactions that are subject to commodity price risk, primarily using commodity hedge contracts, to minimize overall price risk associated with the Company’s purchases of lead, copper, tin and aluminum in cases where commodity price risk cannot be naturally offset or hedged through supply base fixed price contracts. Commodity risks are systematically managed pursuant to policy guidelines. As cash flow hedges, the effective portion of the hedge gains or losses due to changes in fair value are initially recorded as a component of AOCI and are subsequently reclassified into earnings when the hedged transactions, typically sales, occur and affect earnings. Any ineffective portion of the hedge is reflected in the consolidated statements of income. The maturities of the commodity hedge contracts coincide with the expected purchase of the commodities. These contracts were highly effective in hedging the variability in future cash flows attributable to changes in commodity prices at September 30, 2016 and 2015. The Company had the following outstanding contracts to hedge forecasted commodity purchases:
In September 2005, the Company entered into three forward treasury lock agreements to reduce the market risk associated with changes in interest rates associated with the Company’s anticipated fixed-rate note issuance to finance the acquisition of York International Corp. (cash flow hedge). The three forward treasury lock agreements, which had a combined notional amount of $1.3 billion, fixed a portion of the future interest cost for 5-year, 10-year and 30-year notes. The fair value of each treasury lock agreement, or the difference between the treasury lock reference rate and the fixed rate at time of note issuance, is amortized to interest expense over the life of the respective note issuance. In January 2006, in connection with the Company’s debt refinancing, the three forward treasury lock agreements were terminated. Fair Value Hedges The Company selectively uses interest rate swaps to reduce market risk associated with changes in interest rates for its fixed-rate bonds. Changes in the fair value of the swap and hedged portion of the debt are recorded in the consolidated statements of income. In the fourth quarter of fiscal 2013, the Company entered into four fixed to floating interest rate swaps totaling $800 million to hedge the coupon of its 5.5% notes that matured in January 2016. In the third quarter of fiscal 2014, the Company entered into four fixed to floating interest rate swaps totaling $400 million to hedge the coupon of its 2.6% notes maturing December 2016, three fixed to floating interest rate swaps totaling $300 million to hedge the coupon of its 1.4% notes maturing November 2017 and one fixed to floating interest rate swap totaling $150 million to hedge the coupon of its 7.125% notes maturing July 2017. There were eight and twelve interest rate swaps outstanding as of September 30, 2016 and 2015, respectively. Net Investment Hedges The Company enters into cross-currency interest rate swaps and foreign currency denominated debt obligations to selectively hedge portions of its net investment in non-U.S. subsidiaries. The currency effects of the cross-currency interest rate swaps and debt obligations are reflected in the AOCI account within shareholders’ equity attributable to Johnson Controls, Inc. where they offset gains and losses recorded on the Company’s net investments globally. At September 30, 2016, the Company had 37 billion yen of foreign denominated debt designated as net investment hedge in the Company's net investment in Japan and a one billion euro bond designated as net investment hedge in the Company's net investment in Europe. The Company had no cross-currency interest rate swaps outstanding at September 30, 2016. At September 30, 2015, the Company had four cross-currency interest rate swaps outstanding totaling 20 billion yen designated as a net investment hedge. The Company did not have any foreign denominated debt outstanding designated as a net investment hedge at September 30, 2015. Derivatives Not Designated as Hedging Instruments The Company selectively uses equity swaps to reduce market risk associated with certain of its stock-based compensation plans, such as its deferred compensation plans. These equity compensation liabilities increase as the Company’s stock price increases and decrease as the Company’s stock price decreases. In contrast, the value of the swap agreement moves in the opposite direction of these liabilities, allowing the Company to fix a portion of the liabilities at a stated amount. As of September 30, 2016 the Company had no equity swaps outstanding as a result of the Tyco Merger and proposed spin-off. As of September 30, 2015 the Company had hedged approximately 4.0 million shares of its common stock. The Company also holds certain foreign currency forward contracts which do not qualify for hedge accounting treatment. The change in fair value of foreign currency exchange derivatives not designated as hedging instruments under ASC 815 are recorded in the consolidated statements of income. Fair Value of Derivative Instruments The following table presents the location and fair values of derivative instruments and hedging activities included in the Company’s consolidated statements of financial position (in millions):
Counterparty Credit Risk The use of derivative financial instruments exposes the Company to counterparty credit risk. The Company has established policies and procedures to limit the potential for counterparty credit risk, including establishing limits for credit exposure and continually assessing the creditworthiness of counterparties. As a matter of practice, the Company deals with major banks worldwide having strong investment grade long-term credit ratings. To further reduce the risk of loss, the Company generally enters into International Swaps and Derivatives Association (ISDA) master netting agreements with substantially all of its counterparties. The Company's derivative contracts do not contain any credit risk related contingent features and do not require collateral or other security to be furnished by the Company or the counterparties. The Company's exposure to credit risk associated with its derivative instruments is measured on an individual counterparty basis, as well as by groups of counterparties that share similar attributes. The Company does not anticipate any non-performance by any of its counterparties, and the concentration of risk with financial institutions does not present significant credit risk to the Company. The Company enters into ISDA master netting agreements with counterparties that permit the net settlement of amounts owed under the derivative contracts. The master netting agreements generally provide for net settlement of all outstanding contracts with a counterparty in the case of an event of default or a termination event. The Company has not elected to offset the fair value positions of the derivative contracts recorded in the consolidated statements of financial position. Collateral is generally not required of the Company or the counterparties under the master netting agreements. As of September 30, 2016 and September 30, 2015, no cash collateral was received or pledged under the master netting agreements. The gross and net amounts of derivative assets and liabilities were as follows (in millions):
Derivatives Impact on the Statements of Income and Statements of Comprehensive Income The following table presents the effective portion of pre-tax gains (losses) recorded in other comprehensive income (loss) related to cash flow hedges for the fiscal years ended September 30, 2016, 2015 and 2014 (in millions):
The following tables presents the location and amount of the effective portion of pre-tax gains (losses) on cash flow hedges reclassified from AOCI into the Company’s consolidated statements of income for the fiscal years ended September 30, 2016, 2015 and 2014 (in millions):
The following table presents the location and amount of pre-tax gains (losses) on fair value hedges recognized in the Company’s consolidated statements of income for the fiscal years ended September 30, 2016, 2015 and 2014 (in millions):
The following table presents the location and amount of pre-tax gains (losses) on derivatives not designated as hedging instruments recognized in the Company’s consolidated statements of income for the fiscal years ended September 30, 2016, 2015 and 2014 (in millions):
The effective portion of pre-tax gains (losses) recorded in foreign currency translation adjustment within other comprehensive income (loss) related to net investment hedges were $(82) million, $16 million and $24 million for the years ended September 30, 2016, 2015 and 2014, respectively. For the years ended September 30, 2016, 2015 and 2014, no gains or losses were reclassified from CTA into income for the Company’s outstanding net investment hedges, and no gains or losses were recognized in income for the ineffective portion of cash flow hedges. |
Fair Value Measurements (Notes) |
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FAIR VALUE MEASUREMENTS | FAIR VALUE MEASUREMENTS ASC 820, "Fair Value Measurement," defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a three-level fair value hierarchy that prioritizes information used in developing assumptions when pricing an asset or liability as follows: Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs where there is little or no market data, which requires the reporting entity to develop its own assumptions. ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. Recurring Fair Value Measurements The following tables present the Company’s fair value hierarchy for those assets and liabilities measured at fair value as of September 30, 2016 and 2015 (in millions):
Valuation Methods Foreign currency exchange derivatives: The foreign currency exchange derivatives are valued under a market approach using publicized spot and forward prices. Commodity derivatives: The commodity derivatives are valued under a market approach using publicized prices, where available, or dealer quotes. Interest rate swaps and related debt: The interest rate swaps and related debt balances are valued under a market approach using publicized swap curves. Equity swaps: The equity swaps are valued under a market approach as the fair value of the swaps is equal to the Company’s stock price at the reporting period date. Cross-currency interest rate swaps: The cross-currency interest rate swaps are valued using observable market data. Investments in marketable common stock: The Company invests in certain marketable common stock, which is valued under a market approach using publicized share prices. There was an unrealized loss recorded on these investments of $1 million for the year ended September 30, 2016 within AOCI in the consolidated statements of financial position. There were no unrealized gains or losses recorded on these investments as of September 30, 2015. Foreign currency denominated debt: The Company had entered into foreign currency denominated debt obligations to selectively hedge portions of its net investment in non-U.S. subsidiaries. The currency effects of debt obligations are reflected in the AOCI account within shareholders’ equity attributable to Johnson Controls, Inc. where they offset gains and losses recorded on the Company’s net investments globally. The foreign denominated debt obligation is remeasured to current exchange rates under a market approach using publicized spot prices. At September 30, 2016, the Company had 37 billion yen of foreign denominated debt designated as net investment hedge in the Company's net investment in Japan and one billion euro bond designated as net investment hedge in the Company's net investment in Europe. The Company did not have any foreign denominated debt outstanding designated as a net investment hedge at September 30, 2015. The fair values of cash and cash equivalents, accounts receivable, short-term debt and accounts payable approximate their carrying values. The fair value of long-term debt, which was $9.3 billion and $6.7 billion at September 30, 2016 and 2015, respectively, was determined primarily using market quotes classified as Level 1 inputs within ASC 820 fair value hierarchy. |
Stock-based Compensation (Notes) |
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION On September 2, 2016, the shareholders of JCI plc approved the Johnson Controls International plc 2012 Share and Incentive Plan (the "Plan"). The original effective date of this Plan was October 1, 2012. The Plan was amended and restated as of November 17, 2014 and was amended and restated again in connection with the Merger that was consummated on September 2, 2016 (the “Amendment Effective Date”). The amendment and restatement is intended to reflect the assumption into this Plan of the remaining share reserves under the Johnson Controls, Inc. 2012 Omnibus Incentive Plan and the Johnson Controls, Inc. 2003 Stock Plan for Outside Directors (the “Legacy Johnson Controls Plans”) as of the Amendment Effective Date. Following the Amendment Effective Date, no further awards may be made under the Legacy Johnson Controls Plans. The types of awards authorized by the Plan comprise of stock options, stock appreciation rights, performance shares, performance units and other stock-based awards. The Compensation Committee of JCI plc's Board of Directors will determine the types of awards to be granted to individual participants and the terms and conditions of the awards. The Plan provides that 76 million shares of JCI plc common stock are reserved for issuance under the Plan, and 46 million shares remained available for issuance at September 30, 2016. Pursuant to the Merger Agreement, outstanding stock options held by JCI Inc. employees on September 2, 2016 (the “Merger Date”) were converted one-for-one into options to acquire the Company's shares in a manner designed to preserve the intrinsic value of such awards. In addition, pursuant to the Merger Agreement, nonvested restricted stock held by JCI Inc. employees on the Merger Date were converted one-for-one into nonvested restricted stock of the Company in a manner designed to preserve the intrinsic value of such awards. Outstanding performance share awards held by JCI Inc. employees on the Merger Date were converted to nonvested restricted stock of the Company based on certain performance factors. Except for the conversion of stock options, nonvested restricted stock and performance share awards discussed herein, the material terms of the awards remained unchanged, and no incremental fair value resulted from the conversion. References to the Company’s stock throughout Note 12 refer to stock of JCI Inc. prior to the Merger Date and to stock of JCI plc subsequent to the Merger Date. The Company is a participant in four share-based compensation plans of JCI plc, which are described below. For the fiscal year ended September 30, 2016, compensation cost charged against income, excluding the offsetting impact of outstanding equity swaps, for those plans was approximately $138 million, of which $123 million was recorded in selling, general and administrative expenses and $15 million was recorded in restructuring and impairment costs in consolidated statement of income. For the fiscal years ended September 30, 2015 and 2014, compensation cost charged against income, excluding the offsetting impact of outstanding equity swaps, for those plans was approximately $85 million and $81 million, respectively, all of which was recorded in selling, general and administrative expenses. The total income tax benefit recognized in the consolidated statements of income for share-based compensation arrangements was approximately $52 million, $34 million and $32 million for the fiscal years ended September 30, 2016, 2015 and 2014, respectively. The Company applies a non-substantive vesting period approach whereby expense is accelerated for those employees that receive awards and are eligible to retire prior to the award vesting. Stock Options Stock options are granted with an exercise price equal to the market price of the Company’s stock at the date of grant. Stock option awards typically vest between two and three years after the grant date and expire ten years from the grant date. The fair value of each option is estimated on the date of grant using a Black-Scholes option valuation model that uses the assumptions noted in the following table. Expected volatilities are based on the historical volatility of the Company’s stock and other factors. The Company uses historical data to estimate option exercises and employee terminations within the valuation model. The expected term of options represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods during the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant.
A summary of stock option activity at September 30, 2016, and changes for the year then ended, is presented below:
The weighted-average grant-date fair value of options granted during the fiscal years ended September 30, 2016, 2015 and 2014 was $13.14, $15.51 and $14.70, respectively. The total intrinsic value of options exercised during the fiscal years ended September 30, 2016, 2015 and 2014 was approximately $38 million, $227 million and $135 million, respectively. In conjunction with the exercise of stock options granted, the Company received cash payments for the fiscal years ended September 30, 2016, 2015 and 2014 of approximately $67 million, $275 million and $186 million, respectively. The Company has elected to utilize the alternative transition method for calculating the tax effects of stock-based compensation. The alternative transition method includes computational guidance to establish the beginning balance of the additional paid-in capital pool (APIC Pool) related to the tax effects of employee stock-based compensation, and a simplified method to determine the subsequent impact on the APIC Pool for employee stock-based compensation awards that are vested and outstanding upon adoption of ASC 718, "Compensation - Stock Compensation." The tax benefit from the exercise of stock options, which is recorded in capital in excess of par value of JCI plc post-merger and the Company pre-merger, was $11 million, $59 million and $34 million for the fiscal years ended September 30, 2016, 2015 and 2014, respectively. The Company does not settle stock options granted under share-based payment arrangements for cash. At September 30, 2016, the Company had approximately $3 million of total unrecognized compensation cost related to nonvested stock options granted. That cost is expected to be recognized over a weighted-average period of 1.5 years. Stock Appreciation Rights (SARs) SARs vest under the same terms and conditions as stock option awards; however, they are settled in cash for the difference between the market price on the date of exercise and the exercise price. As a result, SARs are recorded in the Company’s consolidated statements of financial position as a liability until the date of exercise. The fair value of each SAR award is estimated using a similar method described for stock options. The fair value of each SAR award is recalculated at the end of each reporting period and the liability and expense are adjusted based on the new fair value. The assumptions used to determine the fair value of the SAR awards at September 30, 2016 were as follows:
A summary of SAR activity at September 30, 2016, and changes for the year then ended, is presented below:
In conjunction with the exercise of SARs granted, the Company made payments of $8 million, $19 million and $21 million during the fiscal years ended September 30, 2016, 2015 and 2014, respectively. Restricted (Nonvested) Stock The Plan provides for the award of restricted stock or restricted stock units to certain employees. These awards are typically share settled unless the employee is a non-U.S. employee or elects to defer settlement until retirement at which point the award would be settled in cash. Restricted awards typically vest after three years from the grant date. The Plan allows for different vesting terms on specific grants with approval by the Board of Directors. A summary of the status of the Company’s nonvested restricted stock awards at September 30, 2016, and changes for the fiscal year then ended, is presented below:
*As of the Amendment Effective Date, performance share awards were converted to nonvested restricted stock based on certain performance factors. At September 30, 2016, the Company has approximately $116 million of total unrecognized compensation cost related to nonvested restricted stock arrangements granted. That cost is expected to be recognized over a weighted-average period of 2.0 years. Performance Share Awards The Plan permits the grant of performance-based share unit ("PSU") awards. The number of PSUs granted is equal to the PSU award value divided by the closing price of the Company's common stock at the grant date. The PSUs are generally contingent on the achievement of pre-determined performance goals over a three-year performance period as well as on the award holder's continuous employment until the vesting date. Each PSU that is earned will be settled with a share of the Company's common stock following the completion of the performance period, unless the award holder elected to defer a portion or all of the award until retirement which would then be settled in cash. A summary of the status of the Company’s nonvested PSUs at September 30, 2016, and changes for the fiscal year then ended, is presented below:
* As of the Amendment Effective Date, PSUs were converted to nonvested restricted stock. |
Equity and Noncontrolling Interests (Notes) |
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Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EQUITY AND NONCONTROLLING INTERESTS | EQUITY AND NONCONTROLLING INTERESTS Other comprehensive income includes activity relating to discontinued operations. The following schedules present changes in consolidated equity attributable to Johnson Controls, Inc. and noncontrolling interests (in millions, net of tax):
The equity attributable to Johnson Controls, Inc. decreased by $6.5 billion as a result of the Tyco Merger. The decrease is due to the funding of the share exchange. As previously disclosed, on October 1, 2015, the Company formed a joint venture with Hitachi. In connection with the acquisition, the Company recorded equity attributable to noncontrolling interests of $691 million. As a result of the Tyco Merger, the Company is an indirect wholly-owned subsidiary of Johnson Controls International plc and has no equity securities that trade as of September 2, 2016. As such, the Company's $3.65 billion share repurchase program terminated on September 2, 2016. Prior to the Merger, the Company repurchased approximately $501 million of its common shares during fiscal 2016. During fiscal years 2015 and 2014, the Company repurchased approximately $1.4 billion and $1.2 billion of its common shares, respectively. The Company consolidates certain subsidiaries in which the noncontrolling interest party has within their control the right to require the Company to redeem all or a portion of its interest in the subsidiary. The redeemable noncontrolling interests are reported at their estimated redemption value. Any adjustment to the redemption value impacts retained earnings but does not impact net income. Redeemable noncontrolling interests which are redeemable only upon future events, the occurrence of which is not currently probable, are recorded at carrying value. The following schedules present changes in the redeemable noncontrolling interests (in millions):
The following schedules present changes in AOCI attributable to Johnson Controls, Inc. (in millions, net of tax):
* During fiscal 2015, ($19) million of cumulative CTA were recognized as part of the divestiture-related gain recognized within discontinued operations as a result of the divestiture of GWS. During fiscal 2014, $203 million of cumulative CTA were recognized as part of the divestiture-related losses recognized within discontinued operations as a result of the divestiture of the Automotive Experience Electronics business. ** Refer to Note 10, "Derivative Instruments and Hedging Activities," of the notes to consolidated financial statements for disclosure of the line items on the consolidated statements of income affected by reclassifications from AOCI into income related to derivatives. *** During fiscal 2014, the Company sold certain marketable common stock for approximately $25 million. As as result, the Company recorded $8 million of realized gains within selling, general and administrative expenses in the Automotive Experience Seating segment. **** Refer to Note 14, "Retirement Plans," of the notes to consolidated financial statements for disclosure of the components of the Company's net periodic benefit costs associated with its defined benefit pension and postretirement plans. For the year ended September 30, 2016, the amounts reclassified from AOCI into income for pension and postretirement plans were primarily recorded in selling, general and administrative expenses on the consolidated statements of income. For the year ended September 30, 2015 the amounts reclassified from AOCI into income for pension and postretirement plans were primarily recorded in selling, general and administrative expenses and income (loss) from discontinued operations, net of tax on the consolidated statements of income. For the year ended September 30, 2014, the amounts reclassified from AOCI into income for pension and postretirement plans were primarily recorded in cost of sales and income (loss) from discontinued operations, net of tax on the consolidated statements of income. |
Retirement Plans (Notes) |
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Compensation and Retirement Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
RETIREMENT PLANS | RETIREMENT PLANS Pension Benefits The Company has non-contributory defined benefit pension plans covering certain U.S. and non-U.S. employees. The benefits provided are primarily based on years of service and average compensation or a monthly retirement benefit amount. Effective January 1, 2006, certain of the Company’s U.S. pension plans were amended to prohibit new participants from entering the plans. Effective September 30, 2009, active participants continued to accrue benefits under the amended plans until December 31, 2014. Funding for U.S. pension plans equals or exceeds the minimum requirements of the Employee Retirement Income Security Act of 1974. Funding for non-U.S. plans observes the local legal and regulatory limits. Also, the Company makes contributions to union-trusteed pension funds for construction and service personnel. For pension plans with accumulated benefit obligations (ABO) that exceed plan assets, the projected benefit obligation (PBO), ABO and fair value of plan assets of those plans were $4,622 million, $4,480 million and $3,416 million, respectively, as of September 30, 2016 and $3,636 million, $3,581 million and $2,939 million, respectively, as of September 30, 2015. In fiscal 2016, total employer contributions to the defined benefit pension plans were $136 million, of which $34 million were voluntary contributions made by the Company. The Company expects to contribute approximately $311 million in cash to its defined benefit pension plans in fiscal 2017, including $247 million due to change in control provisions triggered by the Tyco Merger. Projected benefit payments from the plans as of September 30, 2016 are estimated as follows (in millions):
Postretirement Benefits The Company provides certain health care and life insurance benefits for eligible retirees and their dependents primarily in the U.S., Canada and Brazil. Most non-U.S. employees are covered by government sponsored programs, and the cost to the Company is not significant. Eligibility for coverage is based on meeting certain years of service and retirement age qualifications. These benefits may be subject to deductibles, co-payment provisions and other limitations, and the Company has reserved the right to modify these benefits. Effective January 31, 1994, the Company modified certain salaried plans to place a limit on the Company’s cost of future annual retiree medical benefits at no more than 150% of the 1993 cost. The health care cost trend assumption does not have a significant effect on the amounts reported. In fiscal 2016, total employer and employee contributions to the postretirement plans were $7 million. The Company does not expect to make any significant contributions to its postretirement plans in fiscal year 2017. Projected benefit payments from the plans as of September 30, 2016 are estimated as follows (in millions):
In December 2003, the U.S. Congress enacted the Medicare Prescription Drug, Improvement and Modernization Act of 2003 (Act) for employers sponsoring postretirement care plans that provide prescription drug benefits. The Act introduces a prescription drug benefit under Medicare as well as a federal subsidy to sponsors of retiree health care benefit plans providing a benefit that is at least actuarially equivalent to Medicare Part D.1. Under the Act, the Medicare subsidy amount is received directly by the plan sponsor and not the related plan. Further, the plan sponsor is not required to use the subsidy amount to fund postretirement benefits and may use the subsidy for any valid business purpose. Projected subsidy receipts are estimated to be approximately $2 million per year over the next ten years. Savings and Investment Plans The Company sponsors various defined contribution savings plans that allow employees to contribute a portion of their pre-tax and/or after-tax income in accordance with plan specified guidelines. Under specified conditions, the Company will contribute to certain savings plans based on the employees’ eligible pay and/or will match a percentage of the employee contributions up to certain limits. Matching contributions charged to expense amounted to $124 million, $123 million and $132 million for the fiscal years ended 2016, 2015 and 2014, respectively. Multiemployer Benefit Plans The Company contributes to multiemployer benefit plans based on obligations arising from collective bargaining agreements related to certain of its hourly employees in the U.S. These plans provide retirement benefits to participants based on their service to contributing employers. The benefits are paid from assets held in trust for that purpose. The trustees typically are responsible for determining the level of benefits to be provided to participants as well as for such matters as the investment of the assets and the administration of the plans. The risks of participating in these multiemployer benefit plans are different from single-employer benefit plans in the following aspects:
The Company participates in approximately 275 multiemployer benefit plans, primarily related to its Building Efficiency business in the U.S., none of which are individually significant to the Company. The number of employees covered by the Company’s multiemployer benefit plans has remained consistent over the past three years, and there have been no significant changes that affect the comparability of fiscal 2016, 2015 and 2014 contributions. The Company recognizes expense for the contractually-required contribution for each period. The Company contributed $45 million, $45 million and $44 million to multiemployer benefit plans in fiscal 2016, 2015 and 2014, respectively. Based on the most recent information available, the Company believes that the present value of actuarial accrued liabilities in certain of these multiemployer benefit plans may exceed the value of the assets held in trust to pay benefits. Currently, the Company is not aware of any significant multiemployer benefits plans for which it is probable or reasonably possible that the Company will be obligated to make up any shortfall in funds. Moreover, if the Company were to exit certain markets or otherwise cease making contributions to these funds, the Company could trigger a withdrawal liability. Currently, the Company is not aware of any significant multiemployer benefit plans for which it is probable or reasonably possible that the Company will withdraw from the plan. Any accrual for a shortfall or withdrawal liability will be recorded when it is probable that a liability exists and it can be reasonably estimated. Plan Assets The Company’s investment policies employ an approach whereby a mix of equities, fixed income and alternative investments are used to maximize the long-term return of plan assets for a prudent level of risk. The investment portfolio primarily contains a diversified blend of equity and fixed income investments. Equity investments are diversified across U.S. and non-U.S. stocks, as well as growth, value and small to large capitalizations. Fixed income investments include corporate and government issues, with short-, mid- and long-term maturities, with a focus on investment grade when purchased and a target duration close to that of the plan liability. Investment and market risks are measured and monitored on an ongoing basis through regular investment portfolio reviews, annual liability measurements and periodic asset/liability studies. The majority of the real estate component of the portfolio is invested in a diversified portfolio of high-quality, operating properties with cash yields greater than the targeted appreciation. Investments in other alternative asset classes, including hedge funds and commodities, diversify the expected investment returns relative to the equity and fixed income investments. As a result of our diversification strategies, there are no significant concentrations of risk within the portfolio of investments. The Company’s actual asset allocations are in line with target allocations. The Company rebalances asset allocations as appropriate, in order to stay within a range of allocation for each asset category. The expected return on plan assets is based on the Company’s expectation of the long-term average rate of return of the capital markets in which the plans invest. The average market returns are adjusted, where appropriate, for active asset management returns. The expected return reflects the investment policy target asset mix and considers the historical returns earned for each asset category. The Company’s plan assets at September 30, 2016 and 2015, by asset category, are as follows (in millions):
The following is a description of the valuation methodologies used for assets measured at fair value. Cash: The fair value of cash is valued at cost. Equity Securities: The fair value of equity securities is determined by direct quoted market prices. The underlying holdings are direct quoted market prices on regulated financial exchanges. Fixed Income Securities: The fair value of fixed income securities is determined by direct or indirect quoted market prices. If indirect quoted market prices are utilized, the value of assets held in separate accounts is not published, but the investment managers report daily the underlying holdings. The underlying holdings are direct quoted market prices on regulated financial exchanges. Commodities: The fair value of the commodities is determined by quoted market prices of the underlying holdings on regulated financial exchanges. Hedge Funds: The fair value of hedge funds is accounted for by the custodian. The custodian obtains valuations from underlying managers based on market quotes for the most liquid assets and alternative methods for assets that do not have sufficient trading activity to derive prices. The Company and custodian review the methods used by the underlying managers to value the assets. The Company believes this is an appropriate methodology to obtain the fair value of these assets. Real Estate: The fair value of Real Estate Investment Trusts (REITs) is recorded as Level 1 as these securities are traded on an open exchange. The fair value of other investments in real estate is deemed Level 3 since these investments do not have a readily determinable fair value and requires the fund managers independently to arrive at fair value by calculating net asset value (NAV) per share. In order to calculate NAV per share, the fund managers value the real estate investments using any one, or a combination of, the following methods: independent third party appraisals, discounted cash flow analysis of net cash flows projected to be generated by the investment and recent sales of comparable investments. Assumptions used to revalue the properties are updated every quarter. Due to the fact that the fund managers calculate NAV per share, the Company utilizes a practical expedient for measuring the fair value of its Level 3 real-estate investments, as provided for under ASC 820, "Fair Value Measurement." In applying the practical expedient, the Company is not required to further adjust the NAV provided by the fund manager in order to determine the fair value of its investment as the NAV per share is calculated in a manner consistent with the measurement principles of ASC 946, "Financial Services - Investment Companies," and as of the Company's measurement date. The Company believes this is an appropriate methodology to obtain the fair value of these assets. For the component of the real estate portfolio under development, the investments are carried at cost until they are completed and valued by a third party appraiser. The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. The following sets forth a summary of changes in the fair value of assets measured using significant unobservable inputs (Level 3) (in millions):
Funded Status The table that follows contains the ABO and reconciliations of the changes in the PBO, the changes in plan assets and the funded status (in millions):
At September 30, 2015, the Company changed the method used to estimate the service and interest components of net periodic benefit cost for pension and other postretirement benefits for plans that utilize a yield curve approach. This change compared to the previous method results in different service and interest components of net periodic benefit cost (credit). Historically, the Company estimated these service and interest cost components utilizing a single weighted-average discount rate derived from the yield curve used to measure the benefit obligation at the beginning of the period. The Company elected to utilize a full yield curve approach in the estimation of these components by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows. The Company made this change to provide a more precise measurement of service and interest costs by improving the correlation between projected benefit cash flows to the corresponding spot yield curve rates. This change does not affect the measurement of the total benefit obligations or annual net periodic benefit cost (credit) as the change in the service and interest costs is completely offset in the net actuarial (gain) loss reported. The change in the service and interest costs was not significant. The Company accounted for this change as a change in accounting estimate. Accumulated Other Comprehensive Income The amounts in AOCI on the consolidated statements of financial position, exclusive of tax impacts, that have not yet been recognized as components of net periodic benefit cost at September 30, 2016 are as follows (in millions):
The amounts in AOCI expected to be recognized as components of net periodic benefit cost over the next fiscal year are shown below (in millions):
Net Periodic Benefit Cost The table that follows contains the components of net periodic benefit cost (in millions):
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Significant Restructuring and Impairment Costs (Notes) |
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Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SIGNIFICANT RESTRUCTURING AND IMPAIRMENT COSTS | SIGNIFICANT RESTRUCTURING AND IMPAIRMENT COSTS To better align its resources with its growth strategies and reduce the cost structure of its global operations to address the softness in certain underlying markets, the Company commits to restructuring plans as necessary. In fiscal 2016, the Company committed to a significant restructuring plan (2016 Plan) and recorded $535 million of restructuring and impairment costs in the consolidated statements of income, of which $229 million was recorded in the second quarter, $102 million was recorded in the third quarter and $204 million was recorded in the fourth quarter of fiscal 2016. This is the total amount incurred to date and the total amount expected to be incurred for this restructuring plan. The restructuring actions related to cost reduction initiatives in the Company’s Automotive Experience, Building Efficiency and Power Solutions businesses and at Corporate. The costs consist primarily of workforce reductions, plant closures, asset impairments, change-in-control payments and immaterial changes in estimates to prior year plans. Of the restructuring and impairment costs recorded, $284 million related to the Automotive Experience Seating segment, $115 million related to Corporate, $66 million related to the Power Solutions segment, $26 million related to the Building Efficiency Asia segment, $17 million related to the Automotive Experience Interiors segment, $16 million related to the Building Efficiency Rest of World segment, $9 million related to the Building Efficiency Products North America segment, and $2 million related to the Building Efficiency Systems and Service North America segment. The restructuring actions are expected to be substantially complete in fiscal 2017. The following table summarizes the changes in the Company’s 2016 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):
In fiscal 2015, the Company committed to a significant restructuring plan (2015 Plan) and recorded $397 million of restructuring and impairment costs in the consolidated statements of income. This is the total amount incurred to date and the total amount expected to be incurred for this restructuring plan. The restructuring actions related to cost reduction initiatives in the Company’s Automotive Experience, Building Efficiency and Power Solutions businesses and at Corporate. The costs consist primarily of workforce reductions, plant closures and asset impairments. Of the restructuring and impairment costs recorded, $182 million related to the Automotive Experience Seating segment, $166 million related to Corporate, $13 million related to the Building Efficiency Rest of World segment, $11 million related to the Power Solutions segment, $11 million related to the Building Efficiency Asia segment, $11 million related to the Building Efficiency Products North America segment, and $3 million related to the Building Efficiency Systems and Service North America segment. The restructuring actions are expected to be substantially complete in 2016. The following table summarizes the changes in the Company’s 2015 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):
In fiscal 2014, the Company committed to a significant restructuring plan (2014 Plan) and recorded $324 million of restructuring and impairment costs in the consolidated statements of income. This is the total amount incurred to date and the total amount expected to be incurred for this restructuring plan. The restructuring actions related primarily to cost reduction initiatives in the Company’s Automotive Experience, Building Efficiency and Power Solutions businesses and included workforce reductions, plant closures, and asset and goodwill impairments. Of the restructuring and impairment costs recorded, $130 million related to the Automotive Experience Interiors segment, $119 million related to the Building Efficiency Rest of World segment, $29 million related to the Automotive Experience Seating segment, $16 million related to the Power Solutions segment, $12 million related to the Building Efficiency Systems and Service North America segment, $7 million related to the Building Efficiency Products North America segment, $7 million related to Corporate and $4 million related to the Building Efficiency Asia segment. The restructuring actions are expected to be substantially complete in 2016. Additionally, the Company recorded $53 million of restructuring and impairment costs within discontinued operations related to the Automotive Experience Electronics business in fiscal 2014. The following table summarizes the changes in the Company’s 2014 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):
In fiscal 2013, the Company committed to a significant restructuring plan (2013 Plan) and recorded $903 million of restructuring and impairment costs in the consolidated statements of income. This is the total amount incurred to date and the total amount expected to be incurred for this restructuring plan. The restructuring actions related to cost reduction initiatives in the Company’s Automotive Experience, Building Efficiency and Power Solutions businesses and included workforce reductions, plant closures, and asset and goodwill impairments. Of the restructuring and impairment costs recorded, $560 million related to the Automotive Experience Interiors segment, $152 million related to the Automotive Experience Seating segment, $70 million related to the Building Efficiency Rest of World segment, $36 million related to the Power Solutions segment, $35 million related to the Building Efficiency Systems and Service North America segment, $28 million related to the Building Efficiency Products North America segment, $17 million related to Corporate and $5 million related to the Building Efficiency Asia segment. The restructuring actions are expected to be substantially complete in 2016. Additionally, the Company recorded $82 million of restructuring costs within discontinued operations, of which $54 million related to the GWS business and $28 million related to the Automotive Experience Electronics business in fiscal 2013. The following table summarizes the changes in the Company’s 2013 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):
The $31 million of transfers from liabilities held for sale represent restructuring reserves that were included in liabilities held for sale in the consolidated statements of financial position at September 30, 2013, but were excluded from liabilities held for sale at September 30, 2014 based on transaction negotiations. See Note 3, "Discontinued Operations," of the notes to consolidated financial statements for further information regarding the Company's assets and liabilities held for sale. The Company's fiscal 2016, 2015, 2014 and 2013 restructuring plans included workforce reductions of approximately 18,400 employees (11,200 for the Automotive Experience business, 6,200 for the Building Efficiency business, 900 for the Power Solutions business and 100 for Corporate). Restructuring charges associated with employee severance and termination benefits are paid over the severance period granted to each employee or on a lump sum basis in accordance with individual severance agreements. As of September 30, 2016, approximately 11,800 of the employees have been separated from the Company pursuant to the restructuring plans. In addition, the restructuring plans included twenty-nine plant closures (twenty-two for Automotive Experience and seven for Building Efficiency). As of September 30, 2016, twelve of the twenty-nine plants have been closed. Refer to Note 16, "Impairment of Long-Lived Assets," of the notes to consolidated financial statements for further information regarding the long-lived asset impairment charges recorded as part of the restructuring actions. Refer to Note 6, "Goodwill and Other Intangible Assets," of the notes to consolidated financial statements for further information regarding the goodwill impairment charges recorded. Company management closely monitors its overall cost structure and continually analyzes each of its businesses for opportunities to consolidate current operations, improve operating efficiencies and locate facilities in low cost countries in close proximity to customers. This ongoing analysis includes a review of its manufacturing, engineering and purchasing operations, as well as the overall global footprint for all its businesses. Because of the importance of new vehicle sales by major automotive manufacturers to operations, the Company is affected by the general business conditions in this industry. Future adverse developments in the automotive industry could impact the Company’s liquidity position, lead to impairment charges and/or require additional restructuring of its operations. |
Impairment of Long-Lived Assets (Notes) |
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Sep. 30, 2016 | |
Disclosure Impairment Of Long Lived Assets [Abstract] | |
IMPAIRMENT OF LONG-LIVED ASSETS | IMPAIRMENT OF LONG-LIVED ASSETS The Company reviews long-lived assets, including property, plant and equipment and other intangible assets with definite lives, for impairment whenever events or changes in circumstances indicate that the asset’s carrying amount may not be recoverable. The Company conducts its long-lived asset impairment analyses in accordance with ASC 360-10-15, "Impairment or Disposal of Long-Lived Assets." ASC 360-10-15 requires the Company to group assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities and evaluate the asset group against the sum of the undiscounted future cash flows. If the undiscounted cash flows do not indicate the carrying amount of the asset is recoverable, an impairment charge is measured as the amount by which the carrying amount of the asset group exceeds its fair value based on discounted cash flow analysis or appraisals. In the second, third and fourth quarters of fiscal 2016, the Company concluded it had triggering events requiring assessment of impairment for certain of its long-lived assets in conjunction with its restructuring actions announced in fiscal 2016. As a result, the Company reviewed the long-lived assets for impairment and recorded $190 million of asset impairment charges within restructuring and impairment costs on the consolidated statements of income, of which $29 million was recorded in the second quarter, $51 million was recorded in the third quarter and $110 million was recorded in the fourth quarter. Of the total impairment charges, $64 million related to the Power Solutions segment, $55 million related to Corporate assets, $55 million related to the Automotive Experience Seating segment, $8 million related to the Building Efficiency Products North America segment, $4 million related to the Building Efficiency Asia segment, $3 million related to the Building Efficiency Rest of World segment and $1 million related to the Automotive Experience Interiors segment. Refer to Note 15, "Significant Restructuring and Impairment Costs," of the notes to consolidated financial statements for additional information. The impairments were measured, depending on the asset, under either an income approach utilizing forecasted discounted cash flows or a market approach utilizing an appraisal to determine fair values of the impaired assets. These methods are consistent with the methods the Company employed in prior periods to value other long-lived assets. The inputs utilized in the analyses are classified as Level 3 inputs within the fair value hierarchy as defined in ASC 820, "Fair Value Measurement." In the fourth quarter of fiscal 2015, the Company concluded it had triggering events requiring assessment of impairment for certain of its long-lived assets in conjunction with its announced restructuring actions and the intention to spin-off the Automotive Experience business. As a result, the Company reviewed the long-lived assets for impairment and recorded a $183 million impairment charge within restructuring and impairment costs on the consolidated statements of income. Of the total impairment charge, $139 million related to Corporate assets, $27 million related to the Automotive Experience Seating segment, $16 million related to the Building Efficiency Rest of World segment and $1 million related to the Building Efficiency Systems and Service North America segment. Refer to Note 15, "Significant Restructuring and Impairment Costs," of the notes to consolidated financial statements for additional information. The impairment was measured, depending on the asset, either under an income approach utilizing forecasted discounted cash flows or a market approach utilizing an appraisal to determine fair values of the impaired assets. These methods are consistent with the methods the Company employed in prior periods to value other long-lived assets. The inputs utilized in the analyses are classified as Level 3 inputs within the fair value hierarchy as defined in ASC 820, "Fair Value Measurement." In the third and fourth quarters of fiscal 2014, the Company concluded it had triggering events requiring assessment of impairment for certain of its long-lived assets in conjunction with its restructuring actions announced in fiscal 2014. In addition, in the fourth quarter of fiscal 2014, the Company concluded that it had a triggering event requiring assessment of impairment of long-lived assets held by the Building Efficiency Rest of World - Latin America reporting unit due to the impairment of goodwill in the quarter. As a result, the Company reviewed the long-lived assets for impairment and recorded a $91 million impairment charge within restructuring and impairment costs on the consolidated statements of income, of which $45 million was recorded in the third quarter and $46 million in the fourth quarter of fiscal 2014. Of the total impairment charge, $45 million related to the Automotive Experience Interiors segment, $34 million related to the Building Efficiency Rest of World segment, $7 million related to the Automotive Experience Seating segment and $5 million related to Corporate assets. In addition, the Company recorded $43 million of asset and investment impairments within discontinued operations in the third quarter of fiscal 2014 related to the divestiture of the Automotive Experience Electronics business. Refer to Note 3, "Discontinued Operations," and Note 15, "Significant Restructuring and Impairment Costs," of the notes to consolidated financial statements for additional information. The impairment was measured, depending on the asset, either under an income approach utilizing forecasted discounted cash flows or a market approach utilizing an appraisal to determine fair values of the impaired assets. These methods are consistent with the methods the Company employed in prior periods to value other long-lived assets. The inputs utilized in the analyses are classified as Level 3 inputs within the fair value hierarchy as defined in ASC 820, "Fair Value Measurement." At September 30, 2016, 2015 and 2014, the Company concluded it did not have any other triggering events requiring assessment of impairment of its long-lived assets. Refer to Note 1, "Summary of Significant Accounting Policies," of the notes to consolidated financial statements for discussion of the Company’s goodwill impairment testing. Refer to Note 6, "Goodwill and Other Intangible Assets," of the notes to consolidated financial statements for further information regarding the goodwill impairment charges recorded in the fourth quarter of fiscal 2014. |
Income Taxes (Notes) |
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INCOME TAXES | INCOME TAXES The more significant components of the Company’s income tax provision from continuing operations are as follows (in millions):
The effective rate is above the U.S. statutory rate for fiscal 2016 primarily due to the tax consequences surrounding the planned spin-off of the Automotive Experience business and related expenses, the jurisdictional mix of restructuring and impairment costs, and the tax impacts of the Merger and integration related costs, partially offset by the benefits of continuing global tax planning initiatives and foreign tax rate differentials. The effective rate is below the U.S. statutory rate for fiscal 2015 primarily due to the benefits of continuing global tax planning initiatives, income in certain non-U.S. jurisdictions with a tax rate lower than the U.S. statutory tax rate and adjustments due to tax audit resolutions, partially offset by the tax consequences of business divestitures, and significant restructuring and impairment costs. The effective rate is below the U.S. statutory rate for fiscal 2014 primarily due to the benefits of continuing global tax planning initiatives and income in certain non-U.S. jurisdictions with a tax rate lower than the U.S. statutory tax rate partially offset by the tax consequences of business divestitures, significant restructuring and impairment costs, and valuation allowance adjustments. Valuation Allowances The Company reviews the realizability of its deferred tax asset valuation allowances on a quarterly basis, or whenever events or changes in circumstances indicate that a review is required. In determining the requirement for a valuation allowance, the historical and projected financial results of the legal entity or consolidated group recording the net deferred tax asset are considered, along with any other positive or negative evidence. Since future financial results may differ from previous estimates, periodic adjustments to the Company’s valuation allowances may be necessary. In the fourth quarter of fiscal 2016, the Company performed an analysis related to the realizability of its worldwide deferred tax assets. As a result, and after considering tax planning initiatives and other positive and negative evidence, the Company determined that no material changes were needed to its valuation allowances. Therefore there was no impact to income tax expense due to valuation allowance changes in the three month period or year ended September 30, 2016. In the fourth quarter of fiscal 2015, the Company performed an analysis related to the realizability of its worldwide deferred tax assets. As a result, and after considering tax planning initiatives and other positive and negative evidence, the Company determined that it was more likely than not that certain deferred tax assets primarily within Spain, Germany, and the United Kingdom would not be realized, and it is more likely than not that certain deferred tax assets of Poland and Germany will be realized. The impact of the net valuation allowance provision offset the benefit of valuation allowance releases and, as such, there was no net impact to income tax expense in the three month period ended September 30, 2015. In the fourth quarter of fiscal 2014, the Company performed an analysis related to the realizability of its worldwide deferred tax assets. As a result, and after considering tax planning initiatives and other positive and negative evidence, the Company determined that it was more likely than not that deferred tax assets within Italy would not be realized. Therefore, the Company recorded $34 million of net valuation allowances as income tax expense in the three month period ended September 30, 2014. In the first quarter of fiscal 2014, the Company determined that it was more likely than not that the deferred tax asset associated with a capital loss in Mexico would not be utilized. Therefore, the Company recorded a $21 million valuation allowance as income tax expense. Uncertain Tax Positions The Company is subject to income taxes in the U.S. and numerous foreign jurisdictions. Judgment is required in determining its worldwide provision for income taxes and recording the related assets and liabilities. In the ordinary course of the Company’s business, there are many transactions and calculations where the ultimate tax determination is uncertain. The Company is regularly under audit by tax authorities. At September 30, 2016, the Company had gross tax effected unrecognized tax benefits of $1,439 million of which $1,336 million, if recognized, would impact the effective tax rate. Total net accrued interest at September 30, 2016 was approximately $65 million (net of tax benefit). At September 30, 2015, the Company had gross tax effected unrecognized tax benefits of $1,159 million of which $1,104 million, if recognized, would impact the effective tax rate. Total net accrued interest at September 30, 2015 was approximately $41 million (net of tax benefit). At September 30, 2014, the Company had gross tax effected unrecognized tax benefits of $1,607 million of which $1,457 million, if recognized, would impact the effective tax rate. Total net accrued interest at September 30, 2014 was approximately $106 million (net of tax benefit). A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):
During fiscal 2015, the Company settled a significant number of tax examinations in Germany, Mexico and the U.S., impacting fiscal years 1998 to fiscal 2012. The settlement of unrecognized tax benefits included cash payments for approximately $440 million and the loss of various tax attributes. The reduction for tax positions of prior years is substantially related to foreign exchange rates. In the fourth quarter of fiscal 2015, income tax audit resolutions resulted in a net $99 million benefit to income tax expense. In the U.S., fiscal years 2013 through 2014 are currently under exam by the Internal Revenue Service ("IRS"). Additionally, the Company is currently under exam in the following major foreign jurisdictions:
It is reasonably possible that certain tax examinations, tax appeals and /or tax litigation will conclude within the next twelve months, of which could be up to a $100 million impact to tax expense. Other Tax Matters During fiscal 2016, 2015 and 2014, the Company incurred significant charges for restructuring and impairment costs. Refer to Note 15, "Significant Restructuring and Impairment Costs," of the notes to consolidated financial statements for additional information. A substantial portion of these charges cannot be benefited for tax purposes due to the Company's current tax position in these jurisdictions and the underlying tax basis in the impaired assets, resulting in $113 million, $52 million and $75 million incremental tax expense in fiscal 2016, 2015 and 2014, respectively. During the fourth quarter of fiscal 2016, the Company completed its Merger with Tyco. As a result of that transaction, the Company incurred incremental tax expense of $129 million. In preparation for the spin-off of the Automotive Experience business in the first quarter of fiscal 2017, the Company incurred incremental tax expense of $121 million in fiscal 2016. The Company also completed substantial business reorganizations which resulted in total tax charges of $1,891 million in fiscal 2016, along with incremental tax expense of $121 million. Included in this amount is the tax charge provided for in the third quarter of fiscal 2016 of $85 million for changes in entity tax status and the charge provided for in the second quarter of fiscal 2016 of $780 million for income tax expense on foreign undistributed earnings of certain non-U.S. subsidiaries. In the fourth quarter of fiscal 2015, the Company completed its global automotive interiors joint venture with Yanfeng Automotive Trim Systems. Refer to Note 2, "Acquisitions and Divestitures," of the notes to consolidated financial statements for additional information. In connection with the divestiture of the Interiors business, the Company recorded a pre-tax gain on divestiture of $145 million, $38 million net of tax. The tax impact of the gain is due to the jurisdictional mix of gains and losses on the divestiture, which resulted in non-benefited expenses in certain countries and taxable gains in other countries. In addition, in the third and fourth quarters of fiscal 2015, the Company provided income tax expense for repatriation of cash and other tax reserves associated with the Automotive Experience Interiors joint venture transaction, which resulted in a tax charge of $75 million and $223 million, respectively. During the fourth quarter of fiscal 2014, the Company recorded a discrete tax benefit of $51 million due to change in entity status. In the third quarter of fiscal 2014, the Company disposed of its Automotive Experience Interiors headliner and sun visor product lines. Refer to Note 2, "Acquisitions and Divestitures," of the notes to consolidated financial statements for additional information. As a result, the Company recorded a pre-tax loss on divestiture of $95 million and income tax expense of $38 million. The income tax expense is due to the jurisdictional mix of gains and losses on the sale, which resulted in non-benefited losses in certain countries and taxable gains in other countries. Impacts of Tax Legislation and Change in Statutory Tax Rates After the fourth quarter of fiscal 2016, on October 13, 2016, the U.S. Department of the Treasury and the IRS released final and temporary Section 385 regulations. These regulations address whether certain instruments between related parties are treated as debt or equity. The Company does not expect that the regulations will have a material impact on its consolidated financial statements. The "look-through rule," under subpart F of the U.S. Internal Revenue Code, expired for the Company on September 30, 2015. The "look-through rule" had provided an exception to the U.S. taxation of certain income generated by foreign subsidiaries. The rule was extended in December 2015 retroactive to the beginning of the Company’s 2016 fiscal year. The retroactive extension was signed into legislation and was made permanent through the Company's 2020 fiscal year. In the second quarter of fiscal 2015, tax legislation was adopted in Japan which reduced its statutory income tax rate. As a result of the law change, the Company recorded income tax expense of $17 million in the second quarter of fiscal 2015. As a result of changes to Mexican tax law in the first quarter of fiscal 2014, the Company recorded a benefit to income tax expense of $25 million. During the fiscal years ended 2016, 2015 and 2014, other tax legislation was adopted in various jurisdictions. These law changes did not have a material impact on the Company's consolidated financial statements. Continuing Operations Components of the provision for income taxes on continuing operations were as follows (in millions):
Consolidated domestic income from continuing operations before income taxes and noncontrolling interests for the fiscal years ended September 30, 2016, 2015 and 2014 was income of $1,108 million, $1,051 million and $1,370 million, respectively. Consolidated foreign income from continuing operations before income taxes and noncontrolling interests for the fiscal years ended September 30, 2016, 2015 and 2014 was income of $519 million, $1,100 million and $546 million, respectively. Income taxes paid for the fiscal years ended September 30, 2016, 2015 and 2014 were $1,380 million, $1,163 million and $782 million, respectively. At September 30, 2016 and 2015, the Company recorded within the consolidated statements of financial position in other current liabilities approximately $1,444 million and $337 million, respectively, of accrued income tax liabilities. The Company has not provided additional U.S. income taxes on approximately $5.5 billion of undistributed earnings of consolidated foreign subsidiaries included in shareholders’ equity attributable to Johnson Controls, Inc. Such earnings could become taxable upon the sale or liquidation of these foreign subsidiaries or upon dividend repatriation. The Company’s intent is for such earnings to be reinvested by the subsidiaries or to be repatriated only when it would be tax effective through the utilization of foreign tax credits. It is not practicable to estimate the amount of unrecognized withholding taxes and deferred tax liability on such earnings. In fiscal 2016, the Company did provide U.S. income tax expense related to the restructuring and repatriation of cash for certain non-U.S. subsidiaries in connection with the planned spin-off of the Automotive Experience business. The Company needs to complete the final steps of Automotive Experience legal entity restructuring and, as a result, the Company provided deferred taxes of $24 million for the U.S. income tax expense on undistributed earnings that will be triggered upon the completion of the restructuring. Refer to "Capitalization" within the "Liquidity and Capital Resources" section of Item 7 for discussion of domestic and foreign cash projections. Deferred taxes were classified in the consolidated statements of financial position as follows (in millions):
Temporary differences and carryforwards which gave rise to deferred tax assets and liabilities included (in millions):
At September 30, 2016, the Company had available net operating loss carryforwards of approximately $5.2 billion, of which $2.4 billion will expire at various dates between 2017 and 2036, and the remainder has an indefinite carryforward period. The Company had available U.S. foreign tax credit carryforwards at September 30, 2016 of $80 million, which will expire at various dates between 2020 and 2024. The valuation allowance, generally, is for loss carryforwards for which realization is uncertain because it is unlikely that the losses will be realized given the lack of sustained profitability and/or limited carryforward periods in certain countries. |
Segment Information (Notes) |
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Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SEGMENT INFORMATION | SEGMENT INFORMATION ASC 280, "Segment Reporting," establishes the standards for reporting information about segments in financial statements. In applying the criteria set forth in ASC 280, the Company has determined that it has seven reportable segments for financial reporting purposes. The Company’s seven reportable segments are presented in the context of its three primary businesses - Building Efficiency, Automotive Experience and Power Solutions. Building Efficiency Building Efficiency designs, produces, markets and installs HVAC and control systems that monitor, automate and integrate critical building segment equipment and conditions including HVAC, fire-safety and security in commercial buildings and in various industrial applications.
Automotive Experience Automotive Experience designs and manufactures interior systems and products for passenger cars and light trucks, including vans, pick-up trucks and sport utility/crossover vehicles.
Power Solutions Power Solutions services both automotive original equipment manufacturers and the battery aftermarket by providing advanced battery technology, coupled with systems engineering, marketing and service expertise. Management evaluates the performance of the segments based primarily on segment earnings before interest and taxes (EBIT), which represents income from continuing operations before income taxes and noncontrolling interests excluding net financing charges, significant restructuring and impairment costs, and net mark-to-market adjustments on pension and postretirement plans. General corporate and other overhead expenses are allocated to the reportable segments in determining segment EBIT. Financial information relating to the Company’s reportable segments is as follows (in millions):
The Company has significant sales to the automotive industry. In fiscal years 2016, 2015 and 2014, no customer exceeded 10% of consolidated net sales. Geographic Segments Financial information relating to the Company’s operations by geographic area is as follows (in millions):
Net sales attributed to geographic locations are based on the location of the assets producing the sales. Long-lived assets by geographic location consist of net property, plant and equipment. |
Nonconsolidated Partially-Owned Affiliates (Notes) |
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Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
NONCONSOLIDATED PARTIALLY-OWNED AFFILIATES | NONCONSOLIDATED PARTIALLY-OWNED AFFILIATES Investments in the net assets of nonconsolidated partially-owned affiliates are stated in the "Investments in partially-owned affiliates" line in the consolidated statements of financial position as of September 30, 2016 and 2015. Equity in the net income of nonconsolidated partially-owned affiliates is stated in the "Equity income" line in the consolidated statements of income for the years ended September 30, 2016, 2015 and 2014. The following table presents summarized financial data for the Company’s nonconsolidated partially-owned affiliates. The amounts included in the table below represent 100% of the results of operations of such nonconsolidated partially-owned affiliates accounted for under the equity method. Summarized balance sheet data as of September 30 is as follows (in millions):
Summarized income statement data for the years ended September 30 is as follows (in millions):
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Commitments and Contingencies (Notes) |
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Sep. 30, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES The Company accrues for potential environmental liabilities when it is probable a liability has been incurred and the amount of the liability is reasonably estimable. As of September 30, 2016, reserves for environmental liabilities totaled $27 million, of which $4 million was recorded within other current liabilities and $23 million was recorded within other noncurrent liabilities. Reserves for environmental liabilities totaled $23 million at September 30, 2015. The Company reviews the status of its environmental sites on a quarterly basis and adjusts its reserves accordingly. Such potential liabilities accrued by the Company do not take into consideration possible recoveries of future insurance proceeds. They do, however, take into account the likely share other parties will bear at remediation sites. It is difficult to estimate the Company’s ultimate level of liability at many remediation sites due to the large number of other parties that may be involved, the complexity of determining the relative liability among those parties, the uncertainty as to the nature and scope of the investigations and remediation to be conducted, the uncertainty in the application of law and risk assessment, the various choices and costs associated with diverse technologies that may be used in corrective actions at the sites, and the often quite lengthy periods over which eventual remediation may occur. Nevertheless, the Company does not currently believe that any claims, penalties or costs in connection with known environmental matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows. In addition, the Company has identified asset retirement obligations for environmental matters that are expected to be addressed at the retirement, disposal, removal or abandonment of existing owned facilities, primarily in the Power Solutions and Building Efficiency businesses. At September 30, 2016 and 2015, the Company recorded conditional asset retirement obligations of $71 million and $59 million, respectively. Asbestos Matters The Company and certain of its subsidiaries, along with numerous other third parties, are named as defendants in personal injury lawsuits based on alleged exposure to asbestos containing materials. These cases have typically involved product liability claims based primarily on allegations of manufacture, sale or distribution of industrial products that either contained asbestos or were used with asbestos containing components. As of September 30, 2016, the Company's estimated asbestos related liability recorded on a discounted basis within the Company's consolidated statements of financial position is comprised of a liability for pending and future claims and related defense costs of $116 million, of which $7 million is recorded in other current liabilities and $109 million is recorded in other noncurrent liabilities. As of September 30, 2015, the Company's estimated asbestos related liability recorded on a discounted basis within the Company's consolidated statements of financial position is comprised of a liability for pending and future claims and related defense costs of $136 million and is primarily recorded in other noncurrent liabilities. The Company's estimate of the liability for pending and future claims and defense costs is based on the Company's historical claim experience, and estimates of the number and resolution cost of potential future claims that may be filed and is discounted to present value from 2049 (which is the Company's reasonable best estimate of the actuarially determined time period through which asbestos-related claims will be filed against Company affiliates). Asbestos related defense costs are included in the asbestos liability. The Company's legal strategy for resolving claims also impacts these estimates. The Company considers various trends and developments in evaluating the period of time (the look-back period) over which historical claim and settlement experience is used to estimate and value claims reasonably projected to be made through 2049. Annually, the Company assesses the sufficiency of its estimated liability for pending and future claims and defense costs by evaluating actual experience regarding claims filed, settled and dismissed, and amounts paid in settlements. In addition to claims and settlement experience, the Company considers additional quantitative and qualitative factors such as changes in legislation, the legal environment, and the Company's defense strategy. The Company evaluates all of these factors and determines whether a change in the estimate of its liability for pending and future claims and defense costs is warranted. Insurable Liabilities The Company records liabilities for its workers' compensation, product, general and auto liabilities. The determination of these liabilities and related expenses is dependent on claims experience. For most of these liabilities, claims incurred but not yet reported are estimated by utilizing actuarial valuations based upon historical claims experience. At September 30, 2016 and 2015, the insurable liabilities totaled $181 million and $194 million, respectively, of which $30 million and $28 million was recorded within other current liabilities, $15 million and $25 million was recorded within accrued compensation and benefits, and $136 million and $141 million was recorded within other noncurrent liabilities in the consolidated statements of financial position, respectively. The Company records receivables from third party insurers when recovery has been determined to be probable. The Company is involved in various lawsuits, claims and proceedings incident to the operation of its businesses, including those pertaining to product liability, environmental, safety and health, intellectual property, employment, commercial and contractual matters, and various other casualty matters. Although the outcome of litigation cannot be predicted with certainty and some lawsuits, claims or proceedings may be disposed of unfavorably to us, it is management’s opinion that none of these will have a material adverse effect on the Company’s financial position, results of operations or cash flows. Costs related to such matters were not material to the periods presented. |
Related Party Transactions (Notes) |
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Related Party Transactions Disclosure [Text Block] | 21. RELATED PARTY TRANSACTIONS In the ordinary course of business, the Company enters into transactions with related parties, such as equity affiliates. Such transactions consist of facility management services, the sale or purchase of goods and other arrangements. The net sales to and purchases from related parties included in the consolidated statements of income were $1.3 billion and $0.5 billion, respectively, for fiscal 2016; $1.3 billion and $0.4 billion, respectively, for fiscal 2015; and $1.2 billion and $0.4 billion, respectively, for fiscal 2014. The following table sets forth the amount of accounts receivable due from and payable to related parties in the consolidated statements of financial position (in millions):
The Company has also provided financial support to certain of its VIE's, see Note 1, "Summary of Significant Accounting Policies," of the notes to consolidated financial statements for additional information. |
Subsequent Event (Notes) |
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Sep. 30, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | SUBSEQUENT EVENT On October 31, 2016, JCI plc completed the spin-off of its Automotive Experience business by way of the transfer of the Automotive Experience Business from JCI plc to Adient plc and the issuance of ordinary shares of Adient directly to holders of JCI plc ordinary shares on a pro rata basis. Prior to the open of business on October 31, 2016, each of the JCI plc shareholders received one ordinary share of Adient plc for every 10 ordinary shares of JCI plc held as of the close of business on October 19, 2016, the record date for the distribution. Shareholders received cash in lieu of fractional shares of Adient, if any. Following the separation and distribution, Adient plc is now an independent public company trading on the New York Stock Exchange (NYSE) under the symbol "ADNT." The Company or JCI plc did not retain any equity interest in Adient plc. Beginning in the first quarter of fiscal 2017, Adient’s historical financial results will be reflected in the Company’s consolidated financial statements as a discontinued operation. |
Valuation and Qualifying Accounts |
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Valuation and Qualifying Accounts [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
VALUATION AND QUALIFYING ACCOUNTS | JOHNSON CONTROLS, INC. AND SUBSIDIARIES SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (In millions)
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Summary of Significant Accounting Policies (Policies) |
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of Johnson Controls, Inc. and its domestic and non-U.S. subsidiaries that are consolidated in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). All significant intercompany transactions have been eliminated. The results of companies acquired or disposed of during the year are included in the consolidated financial statements from the effective date of acquisition or up to the date of disposal. Investments in partially-owned affiliates are accounted for by the equity method when the Company’s interest exceeds 20% and the Company does not have a controlling interest. Under certain criteria as provided for in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 810, "Consolidation," the Company may consolidate a partially-owned affiliate. To determine whether to consolidate a partially-owned affiliate, the Company first determines if the entity is a variable interest entity (VIE). An entity is considered to be a VIE if it has one of the following characteristics: 1) the entity is thinly capitalized; 2) residual equity holders do not control the entity; 3) equity holders are shielded from economic losses or do not participate fully in the entity’s residual economics; or 4) the entity was established with non-substantive voting. If the entity meets one of these characteristics, the Company then determines if it is the primary beneficiary of the VIE. The party with the power to direct activities of the VIE that most significantly impact the VIE’s economic performance and the potential to absorb benefits or losses that could be significant to the VIE is considered the primary beneficiary and consolidates the VIE. If the entity is not considered a VIE, then the Company applies the voting interest model to determine whether or not the Company shall consolidate the partially-owned affiliate. Consolidated VIEs Based upon the criteria set forth in ASC 810, the Company has determined that it was the primary beneficiary in three VIEs for the reporting periods ended September 30, 2016 and 2015, as the Company absorbs significant economics of the entities and has the power to direct the activities that are considered most significant to the entities. Two of the VIEs manufacture products in North America for the automotive industry. The Company funds the entities’ short-term liquidity needs through revolving credit facilities and has the power to direct the activities that are considered most significant to the entities through its key customer supply relationships. In fiscal 2012, a pre-existing VIE accounted for under the equity method was reorganized into three separate investments as a result of the counterparty exercising its option to put its interest to the Company. The Company acquired additional interests in two of the reorganized group entities. The reorganized group entities are considered to be VIEs as the other owner party has been provided decision making rights but does not have equity at risk. The Company is considered the primary beneficiary of one of the entities due to the Company’s power pertaining to decisions over significant activities of the entity. As such, this VIE has been consolidated within the Company’s consolidated statements of financial position. The impact of consolidation of the entity on the Company’s consolidated statements of income for the years ended September 30, 2016, 2015 and 2014 was not material. The VIE is named as a co-obligor under a third party debt agreement of $170 million, maturing in fiscal 2020, under which it could become subject to paying more than its allocated share of the third party debt in the event of bankruptcy of one or more of the other co-obligors. The other co-obligors, all related parties in which the Company is an equity investor, consist of the remaining group entities involved in the reorganization. As part of the overall reorganization transaction, the Company has also provided financial support to the group entities in the form of loans totaling $37 million, which are subordinate to the third party debt agreement. The Company is a significant customer of certain co-obligors, resulting in a remote possibility of loss. Additionally, the Company is subject to a floor guaranty expiring in fiscal 2022; in the event that the other owner party no longer owns any part of the group entities due to sale or transfer, the Company has guaranteed that the proceeds received from the sale or transfer will not be less than $25 million. The Company has partnered with the group entities to design and manufacture battery components for the Power Solutions business. The carrying amounts and classification of assets (none of which are restricted) and liabilities included in the Company’s consolidated statements of financial position for the consolidated VIEs are as follows (in millions):
The Company did not have a significant variable interest in any other consolidated VIEs for the presented reporting periods. Nonconsolidated VIEs As mentioned previously within the "Consolidated VIEs" section above, in fiscal 2012, a pre-existing VIE was reorganized into three separate investments as a result of the counterparty exercising its option to put its interest to the Company. The reorganized group entities are considered to be VIEs as the other owner party has been provided decision making rights but does not have equity at risk. The Company is not considered to be the primary beneficiary of two of the entities as the Company cannot make key operating decisions considered to be most significant to the VIEs. Therefore, the entities are accounted for under the equity method of accounting as the Company’s interest exceeds 20% and the Company does not have a controlling interest. The Company’s maximum exposure to loss includes the partially-owned affiliate investment balance of $59 million and $62 million at September 30, 2016 and 2015, respectively, as well as the subordinated loan from the Company, third party debt agreement and floor guaranty mentioned previously within the "Consolidated VIEs" section above. Current liabilities due to the VIEs are not material and represent normal course of business trade payables for all presented periods. The Company did not have a significant variable interest in any other nonconsolidated VIEs for the presented reporting periods. |
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Use of Estimates | Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
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Fair Value of Financial Instruments | Fair Value of Financial Instruments The fair values of cash and cash equivalents, accounts receivable, short-term debt and accounts payable approximate their carrying values. See Note 10, "Derivative Instruments and Hedging Activities," and Note 11, "Fair Value Measurements," of the notes to consolidated financial statements for fair value of financial instruments, including derivative instruments, hedging activities and long-term debt. |
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Assets and Liabilities Held for Sale | Assets and Liabilities Held for Sale The Company classifies assets and liabilities (disposal groups) to be sold as held for sale in the period in which all of the following criteria are met: management, having the authority to approve the action, commits to a plan to sell the disposal group; the disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such disposal groups; an active program to locate a buyer and other actions required to complete the plan to sell the disposal group have been initiated; the sale of the disposal group is probable, and transfer of the disposal group is expected to qualify for recognition as a completed sale within one year, except if events or circumstances beyond the Company's control extend the period of time required to sell the disposal group beyond one year; the disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company initially measures a disposal group that is classified as held for sale at the lower of its carrying value or fair value less any costs to sell. Any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met. Conversely, gains are not recognized on the sale of a disposal group until the date of sale. The Company assesses the fair value of a disposal group less any costs to sell each reporting period it remains classified as held for sale and reports any subsequent changes as an adjustment to the carrying value of the disposal group, as long as the new carrying value does not exceed the carrying value of the disposal group at the time it was initially classified as held for sale. Upon determining that a disposal group meets the criteria to be classified as held for sale, the Company reports the assets and liabilities of the disposal group, if material, in the line items assets held for sale and liabilities held for sale in the consolidated statements of financial position. Refer to Note 3, "Discontinued Operations," of the notes to consolidated financial statements for further information. |
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Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. |
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Receivables | Receivables Receivables consist of amounts billed and currently due from customers and unbilled costs and accrued profits related to revenues on long-term contracts that have been recognized for accounting purposes but not yet billed to customers. The Company extends credit to customers in the normal course of business and maintains an allowance for doubtful accounts resulting from the inability or unwillingness of customers to make required payments. The allowance for doubtful accounts is based on historical experience, existing economic conditions and any specific customer collection issues the Company has identified. The Company enters into supply chain financing programs to sell certain accounts receivable without recourse to third-party financial institutions. Sales of accounts receivable are reflected as a reduction of accounts receivable on the consolidated balance sheets and the proceeds are included in cash flows from operating activities in the consolidated statements of cash flows. |
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Inventories | Inventories Inventories are stated at the lower of cost or market using the first-in, first-out (FIFO) method. Finished goods and work-in-process inventories include material, labor and manufacturing overhead costs. |
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Pre-Production Costs Related to Long-Term Supply Arrangements | Pre-Production Costs Related to Long-Term Supply Arrangements The Company’s policy for engineering, research and development, and other design and development costs related to products that will be sold under long-term supply arrangements requires such costs to be expensed as incurred or capitalized if reimbursement from the customer is contractually assured. Income related to recovery of these costs is recorded within selling, general and administrative expense in the consolidated statements of income. At September 30, 2016 and 2015, the Company recorded within the consolidated statements of financial position approximately $316 million and $299 million, respectively, of engineering and research and development costs for which customer reimbursement is contractually assured. The reimbursable costs are recorded in other current assets if reimbursement will occur in less than one year and in other noncurrent assets if reimbursement will occur beyond one year. Costs for molds, dies and other tools used to make products that will be sold under long-term supply arrangements are capitalized within property, plant and equipment if the Company has title to the assets or has the non-cancelable right to use the assets during the term of the supply arrangement. Capitalized items, if specifically designed for a supply arrangement, are amortized over the term of the arrangement; otherwise, amounts are amortized over the estimated useful lives of the assets. The carrying values of assets capitalized in accordance with the foregoing policy are periodically reviewed for impairment whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. At September 30, 2016 and 2015, approximately $62 million and $60 million, respectively, of costs for molds, dies and other tools were capitalized within property, plant and equipment which represented assets to which the Company had title. In addition, at September 30, 2016 and 2015, the Company recorded within the consolidated statements of financial position in other current assets approximately $203 million and $149 million, respectively, of costs for molds, dies and other tools for which customer reimbursement is contractually assured. |
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Property, Plant and Equipment | Property, Plant and Equipment Property, plant and equipment are recorded at cost. Depreciation is provided over the estimated useful lives of the respective assets using the straight-line method for financial reporting purposes and accelerated methods for income tax purposes. The estimated useful lives range from 3 to 40 years for buildings and improvements and from 3 to 15 years for machinery and equipment. The Company capitalizes interest on borrowings during the active construction period of major capital projects. Capitalized interest is added to the cost of the underlying assets and is amortized over the useful lives of the assets. |
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Goodwill and Other Intangible Assets and Impairment of Long-Lived Assets | Goodwill and Indefinite-Lived Intangible Assets Goodwill reflects the cost of an acquisition in excess of the fair values assigned to identifiable net assets acquired. The Company reviews goodwill for impairment during the fourth fiscal quarter or more frequently if events or changes in circumstances indicate the asset might be impaired. The Company performs impairment reviews for its reporting units, which have been determined to be the Company’s reportable segments or one level below the reportable segments in certain instances, using a fair value method based on management’s judgments and assumptions or third party valuations. The fair value of a reporting unit refers to the price that would be received to sell the unit as a whole in an orderly transaction between market participants at the measurement date. In estimating the fair value, the Company uses multiples of earnings based on the average of historical, published multiples of earnings of comparable entities with similar operations and economic characteristics. In certain instances, the Company uses discounted cash flow analyses or estimated sales price to further support the fair value estimates. The inputs utilized in the analyses are classified as Level 3 inputs within the fair value hierarchy as defined in ASC 820, "Fair Value Measurement." The estimated fair value is then compared with the carrying amount of the reporting unit, including recorded goodwill. The Company is subject to financial statement risk to the extent that the carrying amount exceeds the estimated fair value. Refer to Note 6, "Goodwill and Other Intangible Assets," of the notes to consolidated financial statements for information regarding the goodwill impairment testing performed in the fourth quarters of fiscal years 2016, 2015 and 2014. Indefinite-lived intangible assets are also subject to at least annual impairment testing. Indefinite-lived intangible assets consist of trademarks and tradenames and are tested for impairment using a relief-from-royalty method. A considerable amount of management judgment and assumptions are required in performing the impairment tests. Impairment of Long-Lived Assets The Company reviews long-lived assets, including property, plant and equipment and other intangible assets with definite lives, for impairment whenever events or changes in circumstances indicate that the asset’s carrying amount may not be recoverable. The Company conducts its long-lived asset impairment analyses in accordance with ASC 360-10-15, "Impairment or Disposal of Long-Lived Assets." ASC 360-10-15 requires the Company to group assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities and evaluate the asset group against the sum of the undiscounted future cash flows. If the undiscounted cash flows do not indicate the carrying amount of the asset is recoverable, an impairment charge is measured as the amount by which the carrying amount of the asset group exceeds its fair value based on discounted cash flow analysis or appraisals. Refer to Note 16, "Impairment of Long-Lived Assets," of the notes to consolidated financial statements for information regarding the impairment testing performed in fiscal years 2016, 2015 and 2014. |
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Percentage-of-Completion Contracts/Revenue Recognition | Percentage-of-Completion Contracts The Building Efficiency business records certain long-term contracts under the percentage-of-completion (POC) method of accounting. Under this method, sales and gross profit are recognized as work is performed based on the relationship between actual costs incurred and total estimated costs at completion. The Company records costs and earnings in excess of billings on uncompleted contracts primarily within accounts receivable and billings in excess of costs and earnings on uncompleted contracts primarily within other current liabilities in the consolidated statements of financial position. Costs and earnings in excess of billings related to these contracts were $396 million and $453 million at September 30, 2016 and 2015, respectively. Billings in excess of costs and earnings related to these contracts were $304 million and $340 million at September 30, 2016 and 2015, respectively. Revenue Recognition The Building Efficiency business recognizes revenue from certain long-term contracts over the contractual period under the POC method of accounting. This method of accounting recognizes sales and gross profit as work is performed based on the relationship between actual costs incurred and total estimated costs at completion. Recognized revenues that will not be billed under the terms of the contract until a later date are recorded primarily in accounts receivable. Likewise, contracts where billings to date have exceeded recognized revenues are recorded primarily in other current liabilities. Changes to the original estimates may be required during the life of the contract and such estimates are reviewed monthly. Sales and gross profit are adjusted using the cumulative catch-up method for revisions in estimated total contract costs and contract values. Estimated losses are recorded when identified. Claims against customers are recognized as revenue upon settlement. The amount of accounts receivable due after one year is not significant. The use of the POC method of accounting involves considerable use of estimates in determining revenues, costs and profits and in assigning the amounts to accounting periods. The periodic reviews have not resulted in adjustments that were significant to the Company’s results of operations. The Company continually evaluates all of the assumptions, risks and uncertainties inherent with the application of the POC method of accounting. The Building Efficiency business enters into extended warranties and long-term service and maintenance agreements with certain customers. For these arrangements, revenue is recognized on a straight-line basis over the respective contract term. The Building Efficiency business also sells certain heating, ventilating and air conditioning (HVAC) and refrigeration products and services in bundled arrangements, where multiple products and/or services are involved. In accordance with ASU No. 2009-13, "Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements - A Consensus of the FASB Emerging Issues Task Force," the Company divides bundled arrangements into separate deliverables and revenue is allocated to each deliverable based on the relative selling price method. Significant deliverables within these arrangements include equipment, commissioning, service labor and extended warranties. In order to estimate relative selling price, market data and transfer price studies are utilized. Approximately four to twelve months separate the timing of the first deliverable until the last piece of equipment is delivered, and there may be extended warranty arrangements with duration of one to five years commencing upon the end of the standard warranty period. In all other cases, the Company recognizes revenue at the time title passes to the customer or as services are performed. |
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Research and Development Costs | Research and Development Costs Expenditures for research activities relating to product development and improvement are charged against income as incurred and included within selling, general and administrative expenses in the consolidated statements of income. Such expenditures for the years ended September 30, 2016, 2015 and 2014 were $598 million, $733 million and $792 million, respectively. A portion of the costs associated with these activities is reimbursed by customers and, for the fiscal years ended September 30, 2016, 2015 and 2014 were $308 million, $364 million and $352 million, respectively. |
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Foreign Currency Translation | Foreign Currency Translation Substantially all of the Company’s international operations use the respective local currency as the functional currency. Assets and liabilities of international entities have been translated at period-end exchange rates, and income and expenses have been translated using average exchange rates for the period. Monetary assets and liabilities denominated in non-functional currencies are adjusted to reflect period-end exchange rates. The aggregate transaction losses, net of the impact of foreign currency hedges, included in net income for the years ended September 30, 2016, 2015 and 2014 were $88 million, $119 million and $8 million, respectively. |
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Derivative Financial Instruments | Derivative Financial Instruments The Company has written policies and procedures that place all financial instruments under the direction of Corporate treasury and restrict all derivative transactions to those intended for hedging purposes. The use of financial instruments for speculative purposes is strictly prohibited. The Company selectively uses financial instruments to manage the market risk from changes in foreign exchange rates, commodity prices, stock based compensation liabilities and interest rates. The fair values of all derivatives are recorded in the consolidated statements of financial position. The change in a derivative’s fair value is recorded each period in current earnings or accumulated other comprehensive income (AOCI), depending on whether the derivative is designated as part of a hedge transaction and if so, the type of hedge transaction. See Note 10, "Derivative Instruments and Hedging Activities," and Note 11, "Fair Value Measurements," of the notes to consolidated financial statements for disclosure of the Company’s derivative instruments and hedging activities. |
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Pension and Postretirement Benefits | Pension and Postretirement Benefits The Company utilizes a mark-to-market approach for recognizing pension and postretirement benefit expenses, including measuring the market related value of plan assets at fair value and recognizing actuarial gains and losses in the fourth quarter of each fiscal year or at the date of a remeasurement event. Refer to Note 14, "Retirement Plans," of the notes to consolidated financial statements for disclosure of the Company's pension and postretirement benefit plans. |
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Commitments and Contingencies | Loss Contingencies Accruals are recorded for various contingencies including legal proceedings, environmental matters, self-insurance and other claims that arise in the normal course of business. The accruals are based on judgment, the probability of losses and, where applicable, the consideration of opinions of internal and/or external legal counsel and actuarially determined estimates. Additionally, the Company records receivables from third party insurers when recovery has been determined to be probable. The Company is subject to laws and regulations relating to protecting the environment. The Company provides for expenses associated with environmental remediation obligations when such amounts are probable and can be reasonably estimated. Refer to Note 20, "Commitments and Contingencies," of the notes to consolidated financial statements. The Company records liabilities for its workers' compensation, product, general and auto liabilities. The determination of these liabilities and related expenses is dependent on claims experience. For most of these liabilities, claims incurred but not yet reported are estimated by utilizing actuarial valuations based upon historical claims experience. The Company records receivables from third party insurers when recovery has been determined to be probable. Asbestos-Related Contingencies The Company and certain of its subsidiaries along with numerous other companies are named as defendants in personal injury lawsuits based on alleged exposure to asbestos-containing materials. The Company's estimate of the liability for pending and future claims and defense costs is based on the Company's historical claim experience, and estimates of the number and resolution cost of potential future claims that may be filed and is discounted to present value from 2049 (which is the Company's reasonable best estimate of the actuarially determined time period through which asbestos-related claims will be filed against Company affiliates). Asbestos related defense costs are included in the asbestos liability. The Company's legal strategy for resolving claims also impacts these estimates. The Company considers various trends and developments in evaluating the period of time (the look-back period) over which historical claim and settlement experience is used to estimate and value claims reasonably projected to be made through 2049. Annually, the Company assesses the sufficiency of its estimated liability for pending and future claims and defense costs by evaluating actual experience regarding claims filed, settled and dismissed, and amounts paid in settlements. In addition to claims and settlement experience, the Company considers additional quantitative and qualitative factors such as changes in legislation, the legal environment, and the Company's defense strategy. The Company evaluates all of these factors and determines whether a change in the estimate of its liability for pending and future claims and defense costs is warranted. Refer to Note 20, "Commitments and Contingencies," of the notes to consolidated financial statements for a discussion on management's judgments applied in the recognition and measurement of asbestos-related liabilities. |
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Income Tax | Income Taxes Deferred tax liabilities and assets are recognized for the expected future tax consequences of events that have been reflected in the consolidated financial statements. Deferred tax liabilities and assets are determined based on the differences between the book and tax bases of particular assets and liabilities and operating loss carryforwards, using tax rates in effect for the years in which the differences are expected to reverse. A valuation allowance is provided to offset deferred tax assets if, based upon the available evidence, including consideration of tax planning strategies, it is more-likely-than-not that some or all of the deferred tax assets will not be realized. Refer to Note 17, "Income Taxes," of the notes to consolidated financial statements. |
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Retrospective Changes | Retrospective Changes In the fourth quarter of fiscal 2016, the Company changed its accounting policy for accruing for defense costs for asbestos related claims on a discounted basis. The Company’s historical accounting treatment for asbestos claim defense costs was to accrue as incurred. The new policy is to record an accrual for all future asbestos related defense costs which are determined to be probable and estimable of being incurred. The Company believes this new policy is preferable as it better reflects the economics of settlement of the Company's asbestos claims, improves comparability among the Company’s peer group and provides greater transparency to on-going operating results. These changes have been reported through retrospective application of the new policy to all periods presented. These changes did not have an impact to any period presented on the consolidated statements of income.The financial statement impact of this change for all periods presented was an increase to other noncurrent liabilities of $68 million, an increase to other noncurrent assets of $27 million and a decrease to retained earnings of $41 million. In September 2016, in conjunction with the Tyco Merger, the par value of the Company’s common stock was changed from $1.00 per share to $0.01 per share. This change resulted in a decrease to common stock and corresponding increase in capital in excess of par value in the consolidated statements of financial position and is reported through retrospective application of the new par value for all periods presented. |
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New Accounting Pronouncements | New Accounting Pronouncements Recently Adopted Accounting Pronouncements In November 2015, the FASB issued ASU No. 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes." ASU No. 2015-17 requires that deferred tax liabilities and assets be classified as noncurrent in the consolidated statements of financial position. During the quarter ended December 31, 2015, the Company early adopted ASU No. 2015-17 and applied the change retrospectively to all periods presented. Historical information was already revised throughout these financial statements to reflect the adoption of ASU No. 2015-17 within the Company's recasted consolidated financial statements and notes to consolidated financial statement for the year ended September 30, 2015 in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 3, 2016. In April 2014, the FASB issued ASU No. 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity." ASU No. 2014-08 limits discontinued operations reporting to situations where the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results, and requires expanded disclosures for discontinued operations. ASU No. 2014-08 was effective for the Company for the quarter ended December 31, 2015. The adoption of this guidance did not have any impact on the Company's consolidated financial statements as there were no dispositions or disposals during the quarter ended December 31, 2015. Recently Issued Accounting Pronouncements In October 2016, the FASB issued ASU No. 2016-17, "Consolidations (Topic 810): Interests Held through Related Parties that are under Common Control." The ASU changes how a single decision maker of a VIE that holds indirect interest in the entity through related parties that are under common control determines whether it is the primary beneficiary of the VIE. The new guidance amends ASU 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis" issued in February 2015. The guidance should be applied coincidentally with the adoption of ASU 2015-02, which is effective for the Company for the quarter ending December 31, 2016. The adoption of this guidance is not expected to have a significant impact on the Company's consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, "Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory". The ASU requires the tax effects of all intra-entity sales of assets other than inventory to be recognized in the period in which the transaction occurs. The guidance will be effective for the Company for the quarter ending December 31, 2018 with early adoption permitted but only in the first interim period of a fiscal year. The changes are required to be applied by means of a cumulative-effect adjustment recorded in retained earnings as of the beginning of the fiscal year of adoption. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments." ASU No. 2016-15 provides clarification guidance on eight specific cash flow presentation issues in order to reduce the diversity in practice. ASU No. 2016-15 will be effective for the Company for the quarter ending December 31, 2018, with early adoption permitted. The guidance should be applied retrospectively to all periods presented, unless deem impracticable, in which case prospective application is permitted. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." ASU No. 2016-13 changes the impairment model for financial assets measured at amortized cost, requiring presentation at the net amount expected to be collected. The measurement of expected credit losses is based upon historical experience, current conditions, and reasonable and supportable forecasts. Available-for-sale debt securities with unrealized losses will now be recorded through an allowance for credit losses. ASU No. 2016-13 will be effective for the Company for the quarter ended December 31, 2020, with early adoption permitted for the quarter ended December 31, 2019. The adoption of this guidance is not expected to have a significant impact on the Company's consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting." ASU No. 2016-09 impacts certain aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statements of cash flows. ASU No. 2016-09 will be effective for the Company for the quarter ending December 31, 2017, with early adoption permitted. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-07, "Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting." ASU No. 2016-07 eliminates the requirement for an investment that qualifies for the use of the equity method of accounting as a result of an increase in the level of ownership or degree of influence to adjust the investment, results of operations and retained earnings retrospectively. ASU No. 2016-07 will be effective prospectively for the Company for increases in the level of ownership interest or degree of influence that result in the adoption of the equity method that occur during or after the quarter ending December 31, 2017, with early adoption permitted. The impact of this guidance for the Company is dependent on any future increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)." ASU No. 2016-02 requires recognition of operating leases as lease assets and liabilities on the balance sheet, and disclosure of key information about leasing arrangements. ASU No. 2016-02 will be effective retrospectively for the Company for the quarter ending December 31, 2019, with early adoption permitted. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." ASU No. 2016-01 amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU No. 2016-01 will be effective for the Company for the quarter ending December 31, 2018, and early adoption is not permitted, with certain exceptions. The changes are required to be applied by means of a cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, "Simplifying the Measurement of Inventory." ASU No. 2015-11 requires inventory that is recorded using the first-in, first-out method to be measured at the lower of cost or net realizable value. ASU No. 2015-11 will be effective prospectively for the Company for the quarter ending December 31, 2017, with early adoption permitted. The adoption of this guidance is not expected to have a significant impact on the Company's consolidated financial statements. In May 2015, the FASB issued ASU No. 2015-07, "Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)." ASU No. 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. Such investments should be disclosed separate from the fair value hierarchy. ASU No. 2015-07 will be effective retrospectively for the Company for the quarter ending December 31, 2016, with early adoption permitted. The adoption of this guidance is not expected to have an impact on the Company's consolidated financial statements but will impact pension asset disclosures. In April 2015, the FASB issued ASU No. 2015-03, "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs." ASU No. 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability. ASU No. 2015-03 will be effective retrospectively for the Company for the quarter ending December 31, 2016, with early adoption permitted. The adoption of this guidance is not expected to have a significant impact on the Company's consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis." ASU No. 2015-02 amends the analysis performed to determine whether a reporting entity should consolidate certain types of legal entities. The ASU No. 2015-02 was amended by ASU No. 2016-17, "Consolidations (Topic 810): Interests Held through Related Parties that are under Common Control," issued in October 2016. ASU No. 2015-02 will be effective retrospectively for the Company for the quarter ending December 31, 2016, with early adoption permitted. The adoption of this guidance is not expected to have a significant impact on the Company's consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." ASU No. 2014-09 clarifies the principles for recognizing revenue when an entity either enters into a contract with customers to transfer goods or services or enters into a contract for the transfer of non-financial assets. The original standard was effective retrospectively for the Company for the quarter ending December 31, 2017; however in August 2015, the FASB issued ASU No. 2015-14, "Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date," which defers the effective date of ASU No. 2014-09 by one-year for all entities. The new standard will become effective retrospectively for the Company for the quarter ending December 31, 2018, with early adoption permitted, but not before the original effective date. Additionally, in March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)," in April 2016, the FASB issued ASU No. 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing," and in May 2016, the FASB issued ASU No. 2016-12, "Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients," all of which provide additional clarification on certain topics addressed in ASU No. 2014-09. ASU No. 2016-08, ASU No. 2016-10 and ASU No. 2016-12 follow the same implementation guidelines as ASU No. 2014-09 and ASU No. 2015-14. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. |
Summary of Significant Accounting Policies (Tables) |
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carrying Amounts and Classification of Assets and Liabilities for Consolidated VIE's | The carrying amounts and classification of assets (none of which are restricted) and liabilities included in the Company’s consolidated statements of financial position for the consolidated VIEs are as follows (in millions):
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Discontinued Operations Discontinued Operations (Tables) |
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Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | The following table summarizes the results of GWS, reclassified as discontinued operations for the fiscal years ended September 30, 2015 and 2014 (in millions):
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Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | There were no amounts related to the Automotive Experience Electronics business classified as discontinued operations for the fiscal year ended September 30, 2016 and 2015. The following table summarizes the results of the Automotive Experience Electronics business, classified as discontinued operations for the fiscal years ended September 30, 2014 (in millions):
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Inventories (Tables) |
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Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventories | Inventories consisted of the following (in millions):
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Property, Plant and Equipment (Tables) |
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Property, Plant and Equipment | Property, plant and equipment consisted of the following (in millions):
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Goodwill and Other Intangible Assets (Tables) |
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Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill in each of the Company’s reportable segments for the fiscal years ended September 30, 2016 and 2015 were as follows (in millions):
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Other Intangible Assets | The Company’s other intangible assets, primarily from business acquisitions valued based on independent appraisals, consisted of (in millions):
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Product Warranties (Tables) |
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Changes in Carrying Amount of Product Warranty Liability | The changes in the carrying amount of the Company’s total product warranty liability, including extended warranties for which deferred revenue is recorded, for the fiscal years ended September 30, 2016 and 2015 were as follows (in millions):
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Leases (Tables) |
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Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Future Minimum Capital and Operating Lease Payments and Related Present Value of Capital Lease Payments | Future minimum capital and operating lease payments and the related present value of capital lease payments at September 30, 2016 were as follows (in millions):
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Debt and Financing Arrangements (Tables) |
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Short-Term Debt | Short-term debt consisted of the following (in millions):
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Long-Term Debt | Long-term debt consisted of the following (in millions; due dates by fiscal year):
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Components Of Net Financing Charges | The Company's net financing charges and interest expense due to affiliate line items in the consolidated statements of income for the years ended September 30, 2016, 2015 and 2014 contained the following components (in millions):
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Debt and Financing Arrangements Notes Payable to Affiliates (Tables) |
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Notes Payable to Affiliates [Table Text Block] |
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Derivative Instruments and Hedging Activities (Tables) |
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding Commodity Hedge Contracts | The Company had the following outstanding contracts to hedge forecasted commodity purchases:
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Location and Fair Values of Derivative Instruments and Hedging Activities | The following table presents the location and fair values of derivative instruments and hedging activities included in the Company’s consolidated statements of financial position (in millions):
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Derivative Assets and Liabilities, Eligible for Offsetting [Table Text Block] | The gross and net amounts of derivative assets and liabilities were as follows (in millions):
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Location and Amount of Gains and Losses Gross of Tax on Derivative Instruments and Related Hedge Items | The following table presents the effective portion of pre-tax gains (losses) recorded in other comprehensive income (loss) related to cash flow hedges for the fiscal years ended September 30, 2016, 2015 and 2014 (in millions):
The following tables presents the location and amount of the effective portion of pre-tax gains (losses) on cash flow hedges reclassified from AOCI into the Company’s consolidated statements of income for the fiscal years ended September 30, 2016, 2015 and 2014 (in millions):
The following table presents the location and amount of pre-tax gains (losses) on fair value hedges recognized in the Company’s consolidated statements of income for the fiscal years ended September 30, 2016, 2015 and 2014 (in millions):
The following table presents the location and amount of pre-tax gains (losses) on derivatives not designated as hedging instruments recognized in the Company’s consolidated statements of income for the fiscal years ended September 30, 2016, 2015 and 2014 (in millions):
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Fair Value Measurements (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets and Liabilities Measured at Fair Value | The following tables present the Company’s fair value hierarchy for those assets and liabilities measured at fair value as of September 30, 2016 and 2015 (in millions):
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Stock-based Compensation (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assumptions Used in Black-Scholes Option Valuation Model | The fair value of each option is estimated on the date of grant using a Black-Scholes option valuation model that uses the assumptions noted in the following table. Expected volatilities are based on the historical volatility of the Company’s stock and other factors. The Company uses historical data to estimate option exercises and employee terminations within the valuation model. The expected term of options represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods during the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant.
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Summary of Stock Option Activity | A summary of stock option activity at September 30, 2016, and changes for the year then ended, is presented below:
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Assumptions Used in Black-Scholes Stock Appreciation Rights Valuation Model | The assumptions used to determine the fair value of the SAR awards at September 30, 2016 were as follows:
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Summary of Stock Appreciation Rights Activity | A summary of SAR activity at September 30, 2016, and changes for the year then ended, is presented below:
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Summary of Nonvested Restricted Stock Awards | A summary of the status of the Company’s nonvested restricted stock awards at September 30, 2016, and changes for the fiscal year then ended, is presented below:
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Summary of Nonvested PSUs | A summary of the status of the Company’s nonvested PSUs at September 30, 2016, and changes for the fiscal year then ended, is presented below:
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Equity and Noncontrolling Interests (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summarized Balance Sheet Information Non Consolidated Partially Owned Affiliates Table [Text Block] | Summarized balance sheet data as of September 30 is as follows (in millions):
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Equity Attributable to Johnson Controls, Inc. and Noncontrolling Interests | The following schedules present changes in consolidated equity attributable to Johnson Controls, Inc. and noncontrolling interests (in millions, net of tax):
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Changes in Redeemable Noncontrolling Interests | The following schedules present changes in the redeemable noncontrolling interests (in millions):
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Changes in Accumulated Other Comprehensive Income, net of tax | The following schedules present changes in AOCI attributable to Johnson Controls, Inc. (in millions, net of tax):
* During fiscal 2015, ($19) million of cumulative CTA were recognized as part of the divestiture-related gain recognized within discontinued operations as a result of the divestiture of GWS. During fiscal 2014, $203 million of cumulative CTA were recognized as part of the divestiture-related losses recognized within discontinued operations as a result of the divestiture of the Automotive Experience Electronics business. ** Refer to Note 10, "Derivative Instruments and Hedging Activities," of the notes to consolidated financial statements for disclosure of the line items on the consolidated statements of income affected by reclassifications from AOCI into income related to derivatives. *** During fiscal 2014, the Company sold certain marketable common stock for approximately $25 million. As as result, the Company recorded $8 million of realized gains within selling, general and administrative expenses in the Automotive Experience Seating segment. **** Refer to Note 14, "Retirement Plans," of the notes to consolidated financial statements for disclosure of the components of the Company's net periodic benefit costs associated with its defined benefit pension and postretirement plans. For the year ended September 30, 2016, the amounts reclassified from AOCI into income for pension and postretirement plans were primarily recorded in selling, general and administrative expenses on the consolidated statements of income. For the year ended September 30, 2015 the amounts reclassified from AOCI into income for pension and postretirement plans were primarily recorded in selling, general and administrative expenses and income (loss) from discontinued operations, net of tax on the consolidated statements of income. For the year ended September 30, 2014, the amounts reclassified from AOCI into income for pension and postretirement plans were primarily recorded in cost of sales and income (loss) from discontinued operations, net of tax on the consolidated statements of income. |
Retirement Plans (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Plan Assets by Asset Category | The Company’s plan assets at September 30, 2016 and 2015, by asset category, are as follows (in millions):
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Accumulated Benefit Obligations and Reconciliations of Changes in Projected Benefit Obligation, Changes in Plan Assets and Funded Status | The table that follows contains the ABO and reconciliations of the changes in the PBO, the changes in plan assets and the funded status (in millions):
At September 30, 2015, the Company changed the method used to estimate the service and interest components of net periodic benefit cost for pension and other postretirement benefits for plans that utilize a yield curve approach. This change compared to the previous method results in different service and interest components of net periodic benefit cost (credit). Historically, the Company estimated these service and interest cost components utilizing a single weighted-average discount rate derived from the yield curve used to measure the benefit obligation at the beginning of the period. The Company elected to utilize a full yield curve approach in the estimation of these components by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows. The Company made this change to provide a more precise measurement of service and interest costs by improving the correlation between projected benefit cash flows to the corresponding spot yield curve rates. This change does not affect the measurement of the total benefit obligations or annual net periodic benefit cost (credit) as the change in the service and interest costs is completely offset in the net actuarial (gain) loss reported. The change in the service and interest costs was not significant. The Company accounted for this change as a change in accounting estimate. |
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Amounts in Accumulated Other Comprehensive Income, Exclusive of Tax Impacts, that have not yet been Recognized as Components of Net Periodic Benefit Cost | The amounts in AOCI on the consolidated statements of financial position, exclusive of tax impacts, that have not yet been recognized as components of net periodic benefit cost at September 30, 2016 are as follows (in millions):
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Amounts in Accumulated Other Comprehensive Income Expected to be Recognized as Components of Net Periodic Benefit Cost over Next Fiscal Year | The amounts in AOCI expected to be recognized as components of net periodic benefit cost over the next fiscal year are shown below (in millions):
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Components of Net Periodic Benefit Cost | The table that follows contains the components of net periodic benefit cost (in millions):
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Summary of Changes in Fair Value of Assets Measured Using Significant Unobservable Inputs (Level 3) | The following sets forth a summary of changes in the fair value of assets measured using significant unobservable inputs (Level 3) (in millions):
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Pension Benefits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Projected Benefit Payments from Plans | In fiscal 2016, total employer contributions to the defined benefit pension plans were $136 million, of which $34 million were voluntary contributions made by the Company. The Company expects to contribute approximately $311 million in cash to its defined benefit pension plans in fiscal 2017, including $247 million due to change in control provisions triggered by the Tyco Merger. Projected benefit payments from the plans as of September 30, 2016 are estimated as follows (in millions):
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Postretirement Benefits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Projected Benefit Payments from Plans | In fiscal 2016, total employer and employee contributions to the postretirement plans were $7 million. The Company does not expect to make any significant contributions to its postretirement plans in fiscal year 2017. Projected benefit payments from the plans as of September 30, 2016 are estimated as follows (in millions):
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Significant Restructuring and Impairment Costs Change in Restructuring Reserve - 2016 Restructuring Plan (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2016 Restructuring Plan [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] |
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Significant Restructuring and Impairment Costs Changes in Restructuring Reserve - 2015 Restructuring Plan (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2015 Restructuring Plan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | The following table summarizes the changes in the Company’s 2015 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):
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Significant Restructuring and Impairment Costs Changes in Restructuring Reserve - 2014 Restructuring Plan (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 Restructuring Plan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | The following table summarizes the changes in the Company’s 2014 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):
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Significant Restructuring and Impairment Costs Changes in Restructuring Reserve - 2013 Restructuring Plan (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | The following table summarizes the changes in the Company’s 2013 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):
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Income Taxes (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Significant Components of Company's Income Tax Provision from Continuing Operations | The more significant components of the Company’s income tax provision from continuing operations are as follows (in millions):
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Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):
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Tax Jurisdictions and Years Currently under Audit Exam | In the U.S., fiscal years 2013 through 2014 are currently under exam by the Internal Revenue Service ("IRS"). Additionally, the Company is currently under exam in the following major foreign jurisdictions:
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Components of Provision for Income Taxes on Continuing Operations | Components of the provision for income taxes on continuing operations were as follows (in millions):
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Deferred Taxes Classified in Consolidated Statements of Financial Position | Deferred taxes were classified in the consolidated statements of financial position as follows (in millions):
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Temporary Differences and Carryforwards in Deferred Tax Assets and Liabilities | Temporary differences and carryforwards which gave rise to deferred tax assets and liabilities included (in millions):
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Segment Information (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Information Related To Company's Reportable Segments | Financial information relating to the Company’s reportable segments is as follows (in millions):
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Geographic Segments | Financial information relating to the Company’s operations by geographic area is as follows (in millions):
|
Nonconsolidated Partially-Owned Affiliates Summarized Balance Sheet Data (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summarized Balance Sheet Information Non Consolidated Partially Owned Affiliates Table [Text Block] | Summarized balance sheet data as of September 30 is as follows (in millions):
|
Nonconsolidated Partially-Owned Affiliates Equity affiliates, summarized income statement (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summarized Income Statement Information Non Consolidated Partially Owned Affiliates Table [Text Block] | Summarized income statement data for the years ended September 30 is as follows (in millions):
|
Related Party Transactions (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Related Party Transactions [Table Text Block] | The following table sets forth the amount of accounts receivable due from and payable to related parties in the consolidated statements of financial position (in millions):
|
Summary of Significant Accounting Policies Carrying Amounts and Classification of Assets and Liabilities for Consolidated VIE's (Detail) - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
---|---|---|---|
Variable Interest Entity [Line Items] | |||
Assets, Current | $ 13,171 | $ 10,469 | |
Total assets | 35,000 | 29,622 | $ 32,812 |
Liabilities, Current | 13,397 | 10,446 | |
Liabilities, Noncurrent | 18,569 | 8,466 | |
Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure [Member] | |||
Variable Interest Entity [Line Items] | |||
Assets, Current | 284 | 281 | |
Assets, Noncurrent | 98 | 128 | |
Total assets | 382 | 409 | |
Liabilities, Current | 230 | 232 | |
Liabilities, Noncurrent | 29 | 34 | |
Liabilities | $ 259 | $ 266 |
Summary of Significant Accounting Policies Accounting Policies (Details) $ / shares in Units, $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016
USD ($)
Segment
$ / shares
|
Sep. 30, 2015
USD ($)
$ / shares
|
Sep. 30, 2014
USD ($)
|
|
Financial Statement Details [Line Items] | |||
Liability for Asbestos and Environmental Claims, Gross | $ 116 | ||
Common stock, par value | $ / shares | $ 0.01 | $ 0.01 | |
Maturity period to be considered cash equivalents | 3 months | ||
Cash in escrow related to Adient debt | $ 2,034 | $ 0 | |
Proceeds from Issuance of Unsecured Debt | 2,000 | ||
Engineering and research and development costs to be reimbursed | $ 316 | 299 | |
Expected reimbursement period of less than one year | 1 year | ||
Expected reimbursement period beyond one year | 1 year | ||
Molds, dies and other tools costs capitalized within property, plant and equipment | $ 62 | 60 | |
Molds, dies and other tools costs to be reimbursed | 203 | 149 | |
Costs and earnings in excess of billings related to contracts | 396 | 453 | |
Billing in excess of costs and earnings on uncompleted contracts | $ 304 | 340 | |
Timing of the first deliverable to the last delivery | Approximately four to twelve months | ||
Research activities costs relating to product development and improvement, net of customer reimbursements | $ 598 | 733 | $ 792 |
Customer reimbursements included in research activities costs | 308 | 364 | 352 |
Foreign currency transaction losses | $ 88 | 119 | $ 8 |
Number of reportable segments | Segment | 7 | ||
Restricted Cash and Cash Equivalents | $ 62 | $ 0 | |
Minimum | |||
Financial Statement Details [Line Items] | |||
Duration of extended warranty arrangements | 1 year | ||
Maximum | |||
Financial Statement Details [Line Items] | |||
Duration of extended warranty arrangements | 5 years | ||
Building And Improvements | Minimum | |||
Financial Statement Details [Line Items] | |||
Estimated useful lives | 3 years | ||
Building And Improvements | Maximum | |||
Financial Statement Details [Line Items] | |||
Estimated useful lives | 40 years | ||
Machinery and Equipment | Minimum | |||
Financial Statement Details [Line Items] | |||
Estimated useful lives | 3 years | ||
Machinery and Equipment | Maximum | |||
Financial Statement Details [Line Items] | |||
Estimated useful lives | 15 years | ||
Tyco Merger [Member] | |||
Financial Statement Details [Line Items] | |||
Common stock, par value | $ / shares | $ 1.00 | ||
Adient [Member] | |||
Financial Statement Details [Line Items] | |||
Proceeds from Issuance of Unsecured Debt | $ 500 | ||
Johnson Controls International plc [Member] | |||
Financial Statement Details [Line Items] | |||
Proceeds from Issuance of Unsecured Debt | 1,500 | ||
Asbestos Related Defense Costs [Member] | |||
Financial Statement Details [Line Items] | |||
Liability for Asbestos and Environmental Claims, Gross | 68 | ||
Asbestos Related Defense Costs [Member] | Other Noncurrent Assets [Member] | |||
Financial Statement Details [Line Items] | |||
Liability for Asbestos and Environmental Claims, Gross | 27 | ||
Asbestos Related Defense Costs [Member] | Retained Earnings | |||
Financial Statement Details [Line Items] | |||
Liability for Asbestos and Environmental Claims, Gross | 41 | ||
Pension Benefits | |||
Financial Statement Details [Line Items] | |||
2016 | $ 485 |
Summary of Significant Accounting Policies Variable Interest Entities, Additional Information (Details) $ in Millions |
12 Months Ended | |||
---|---|---|---|---|
Sep. 30, 2016
USD ($)
Entity
|
Sep. 30, 2015
USD ($)
Entity
|
Sep. 30, 2014
USD ($)
|
Sep. 30, 2012
Entity
|
|
Variable Interest Entity [Line Items] | ||||
Foreign currency transaction losses | $ | $ 88 | $ 119 | $ 8 | |
Interest Percentage Minimum For Investments In Partially Owned Affiliates To Be Accounted For By Equity Method | 20.00% | |||
Number Of Vies In Which Company Was Primary Beneficiary | 3 | 3 | ||
Number Of Separate Investments Pre Existing Variable Interest Entities Was Reorganized Into | 3 | |||
Number Of Vies In Which Company Was Not Primary Beneficiary | 2 | |||
Additional Interests Acquired | 2 | |||
Amount Of Debt Co Obliged By Variable Interest Entity | $ | $ 170 | |||
Loans To Group Entities | $ | 37 | |||
Minimum Proceeds Received | $ | 25 | |||
Variable Interest Entity, Not Primary Beneficiary [Member] | ||||
Variable Interest Entity [Line Items] | ||||
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | $ | $ 59 | $ 62 | ||
Power Solutions | ||||
Variable Interest Entity [Line Items] | ||||
Number Of Vies In Which Company Was Primary Beneficiary | 1 | |||
North America | Automotive Experience | ||||
Variable Interest Entity [Line Items] | ||||
Number Of Vies In Which Company Was Primary Beneficiary | 2 |
Acquisitions and Divestitures Acquisitions (Details) |
3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|---|---|
Mar. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Jun. 30, 2014
USD ($)
|
Mar. 31, 2016
USD ($)
|
Jun. 30, 2015
USD ($)
|
Sep. 30, 2016
USD ($)
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2014
USD ($)
|
|
Business Acquisitions | ||||||||
Payments to acquire businesses, net of cash acquired | $ 133,000,000 | $ 22,000,000 | $ 1,733,000,000 | |||||
Goodwill, acquired during period | 258,000,000 | 43,000,000 | ||||||
Non-cash equity gain from acquisition | $ 4,000,000 | 0 | 38,000,000 | |||||
Business Acquisitions, Not Specified | ||||||||
Business Acquisitions | ||||||||
Goodwill, purchase accounting adjustments | 2,000,000 | |||||||
Payments to acquire businesses, net of cash acquired | $ 3,000,000 | 18,000,000 | 144,000,000 | |||||
Goodwill, acquired during period | $ 5,000,000 | $ 9,000,000 | $ 140,000,000 | |||||
Number of businesses acquired increase ownership from noncontrolling to controlling | 3 | |||||||
Non-cash equity gain from acquisition | $ 4,000,000 | $ 38,000,000 | ||||||
Number of Businesses Acquired | 1 | 3 | 4 | |||||
Business Combination, Consideration Transferred | $ 47,000,000 | |||||||
Building Efficiency Other | Air Distribution Technologies, Inc. | ||||||||
Business Acquisitions | ||||||||
Goodwill, purchase accounting adjustments | $ 34,000,000 | |||||||
Payments to acquire businesses, net of cash acquired | $ 1,600,000,000 | $ 4,000,000 | ||||||
Debt instrument, face amount | 1,700,000,000 | |||||||
Building Efficiency Products North America [Member] | Air Distribution Technologies, Inc. | ||||||||
Business Acquisitions | ||||||||
Goodwill, acquired during period | 837,000,000 | |||||||
Finite-lived intangible assets acquired | 477,000,000 | |||||||
Building Efficiency Products North America [Member] | Customer Relationships | Air Distribution Technologies, Inc. | ||||||||
Business Acquisitions | ||||||||
Finite-lived intangible assets acquired | $ 475,000,000 | |||||||
Building Efficiency Products North America [Member] | Minimum | Customer Relationships | Air Distribution Technologies, Inc. | ||||||||
Business Acquisitions | ||||||||
Finite-lived intangible asset, useful life | 18 years | |||||||
Building Efficiency Products North America [Member] | Maximum | Customer Relationships | Air Distribution Technologies, Inc. | ||||||||
Business Acquisitions | ||||||||
Finite-lived intangible asset, useful life | 20 years | |||||||
Power Solutions | Business Acquisitions, Not Specified | ||||||||
Business Acquisitions | ||||||||
Non-cash equity gain from acquisition | $ 19,000,000 | |||||||
Building Efficiency Asia | Hitachi Joint Venture [Member] | ||||||||
Business Acquisitions | ||||||||
Business Acquisition, Percentage of Voting Interests Acquired | 6000.00% | |||||||
Goodwill, acquired during period | $ 253,000,000 | |||||||
Payments to Acquire Interest in Joint Venture | 133,000,000 | |||||||
Purchase Price of Joint Venture | 563,000,000 | |||||||
Cash Acquired from Acquisition | $ 430,000,000 | |||||||
Building Efficiency Asia | Business Acquisitions, Not Specified | ||||||||
Business Acquisitions | ||||||||
Non-cash equity gain from acquisition | $ 19,000,000 | |||||||
Trade Names | Building Efficiency Products North America [Member] | Air Distribution Technologies, Inc. | ||||||||
Business Acquisitions | ||||||||
Indefinite-lived Intangible Assets Acquired | $ 230,000,000 |
Acquisitions and Divestitures Divestitures (Details) $ in Millions |
3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2016
USD ($)
|
Jun. 30, 2016
USD ($)
|
Mar. 31, 2016 |
Sep. 30, 2015
USD ($)
|
Mar. 31, 2015
USD ($)
|
Jun. 30, 2014
USD ($)
|
Mar. 31, 2014
USD ($)
|
Dec. 31, 2013
USD ($)
|
Jun. 30, 2016
USD ($)
|
Sep. 30, 2016
USD ($)
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2014
USD ($)
|
|
Divestitures [Line Items] | ||||||||||||
Goodwill, written off related to divestiture | $ 19 | $ 29 | ||||||||||
Proceeds from divestitures | 32 | 1,646 | $ 225 | |||||||||
Gain (loss) on business divestitures - net | 26 | $ 1,340 | $ (111) | |||||||||
Building Efficiency Systems and Service North America [Member] | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Sales Price of Business Divestitures | $ 16 | |||||||||||
Goodwill, written off related to divestiture | $ 3 | |||||||||||
Gain (loss) on business divestitures - net | $ 14 | |||||||||||
Series of Individually Immaterial Business Acquisitions [Member] | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Number of Businesses Acquired | 1 | 3 | 4 | |||||||||
CBRE Group, Inc. [Member] [Member] | Global Workplace Solutions | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax | $ 940 | $ (940) | ||||||||||
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | 643 | |||||||||||
Income tax expense from disposal | 297 | |||||||||||
Goodwill, written off related to divestiture | 220 | |||||||||||
Proceeds from divestitures | 1,400 | |||||||||||
Yanfeng Automotive Trim Systems [Member] | Automotive Experience Interiors | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax | 145 | |||||||||||
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | 38 | |||||||||||
Goodwill, written off related to divestiture | $ 21 | |||||||||||
Brookfield Johnson Controls [Member] | Global Workplace Solutions | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Number of Joint Ventures Divested | 2 | |||||||||||
Proceeds from Divestiture of Interest in Joint Venture | $ 141 | |||||||||||
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax | 200 | (200) | ||||||||||
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | 127 | |||||||||||
Income tax expense from disposal | 73 | |||||||||||
Goodwill, written off related to divestiture | $ 20 | |||||||||||
Headliner and Sunvisor [Member] | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Cash paid to buyer in divestiture | $ 54 | |||||||||||
Gain (loss) on divestiture | (95) | |||||||||||
Income tax expense from disposal | 38 | |||||||||||
Goodwill, written off related to divestiture | 0 | |||||||||||
Business Divestitures, 2004 | Global Workplace Solutions | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Gain (loss) on divestiture | $ (25) | $ 25 | ||||||||||
Automotive Experience Electronics | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax | $ 8 | |||||||||||
Proceeds from divestitures | $ 266 | |||||||||||
Business Divestitures, Not Specific | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Gain (loss) on divestiture | $ 12 | |||||||||||
Proceeds from divestitures | 39 | $ 119 | ||||||||||
Cash Divested from Deconsolidation | $ 13 | |||||||||||
Number of businesses divested | 2 | 4 | ||||||||||
Proceeds from Divestiture of Businesses, Net of Cash Divested | $ 29 | $ 86 | ||||||||||
Business Divestitures, Not Specific | Building Efficiency Systems and Service North America [Member] | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Gain (loss) on divestiture | 7 | |||||||||||
Goodwill, written off related to divestiture | 2 | |||||||||||
Business Divestitures, Not Specific | Automotive Experience Seating | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Gain (loss) on divestiture | 10 | |||||||||||
Goodwill, written off related to divestiture | 4 | |||||||||||
Business Divestitures, Not Specific | Automotive Experience Interiors | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Gain (loss) on divestiture | $ 9 | |||||||||||
Goodwill, written off related to divestiture | 0 | |||||||||||
Proceeds from divestitures | $ 13 | |||||||||||
Number of businesses divested | 1 | |||||||||||
Business Divestitures, Not Specific | Building Efficiency Other | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Goodwill, written off related to divestiture | $ 13 | |||||||||||
Business Divestitures, Not Specific | Building Efficiency Products North America [Member] | ||||||||||||
Divestitures [Line Items] | ||||||||||||
Gain (loss) on divestiture | 38 | |||||||||||
Goodwill, written off related to divestiture | $ 3 | $ 14 |
Discontinued Operations Discontinued Operations (Details) - USD ($) |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Income from discontinued operations attributable to noncontrolling interests, net of tax | $ 0 | $ 4,000,000 | $ 23,000,000 |
Income (Loss) from Discontinued Operations, Net of Tax | 0 | 124,000,000 | (189,000,000) |
Automotive Experience Electronics | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Net Sales | 1,027,000,000 | ||
Income (Loss) from Discontinued Operation, before Income Tax | (8,000,000) | ||
Provision for income taxes on discontinued operations | 202,000,000 | ||
Income from discontinued operations attributable to noncontrolling interests, net of tax | 8,000,000 | ||
Income (Loss) from Discontinued Operations, Net of Tax | $ 0 | $ 0 | $ (218,000,000) |
Discontinued Operations Discontinued Operations Additional Information (Details) |
3 Months Ended | 12 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Mar. 31, 2016
USD ($)
|
Sep. 30, 2015
USD ($)
|
Mar. 31, 2015
USD ($)
|
Jun. 30, 2014
USD ($)
|
Mar. 31, 2014
USD ($)
|
Sep. 30, 2016
USD ($)
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2014
USD ($)
|
|
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Gain on Disposition of Business | $ 26,000,000 | $ 1,340,000,000 | $ (111,000,000) | |||||
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount | $ 780,000,000 | |||||||
Income from discontinued operations attributable to noncontrolling interests, net of tax | 0 | 4,000,000 | 23,000,000 | |||||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 124,000,000 | (189,000,000) | |||||
Discontinued Operations | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Loss from Disposal of Discontinued Operation, before Income Tax | (80,000,000) | |||||||
Tangible and Intangible Asset Impairment Charges | 43,000,000 | |||||||
Transaction costs, divestiture related | 27,000,000 | |||||||
Severance Costs | 10,000,000 | |||||||
Global Workplace Solutions | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Disposal Group, Including Discontinued Operation, Revenue | 3,025,000,000 | 4,079,000,000 | ||||||
Discontinued Operation, Income from Discontinued Operation, before Income Tax | 1,203,000,000 | 119,000,000 | ||||||
Transaction costs, divestiture related | 87,000,000 | |||||||
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount | 680,000,000 | 35,000,000 | ||||||
Discontinued Operation, Tax Effect of Discontinued Operation | 1,075,000,000 | 75,000,000 | ||||||
Income from discontinued operations attributable to noncontrolling interests, net of tax | 4,000,000 | 15,000,000 | ||||||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 124,000,000 | 29,000,000 | |||||
Automotive Experience Electronics | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Disposal Group, Including Discontinued Operation, Revenue | 1,027,000,000 | |||||||
Discontinued Operation, Income from Discontinued Operation, before Income Tax | (8,000,000) | |||||||
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount | $ 180,000,000 | |||||||
Discontinued Operation, Tax Effect of Discontinued Operation | 202,000,000 | |||||||
Income from discontinued operations attributable to noncontrolling interests, net of tax | 8,000,000 | |||||||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $ 0 | 0 | (218,000,000) | |||||
Global Workplace Solutions | Business Divestitures, 2004 | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Loss on divestiture | $ 25,000,000 | $ (25,000,000) | ||||||
Global Workplace Solutions | Brookfield Johnson Controls [Member] | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Discontinued Operation, Income from Discontinued Operation, before Income Tax | $ (200,000,000) | 200,000,000 | ||||||
Number of Joint Ventures Divested | 2 | |||||||
Discontinued Operation, Tax Effect of Gain from Disposal of Discontinued Operation | 73,000,000 | |||||||
Global Workplace Solutions | CBRE Group, Inc. [Member] [Member] | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Discontinued Operation, Income from Discontinued Operation, before Income Tax | $ (940,000,000) | 940,000,000 | ||||||
Ongoing Strategic Relationship With Buyer in Divestiture of Business | 10 years | |||||||
Discontinued Operation, Tax Effect of Gain from Disposal of Discontinued Operation | $ 297,000,000 |
Discontinued Operations Assets and Liabilities Held for Sale Additional Information (Details) - USD ($) |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Assets and Liabilities Held for Sale [Line Items] | |||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $ 0 | $ 124,000,000 | $ (189,000,000) |
Assets held for sale | 17,000,000 | 55,000,000 | |
Disposal Group, Including Discontinued Operation, Liabilities | 0 | 42,000,000 | |
Automotive Experience Electronics | |||
Assets and Liabilities Held for Sale [Line Items] | |||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 0 | $ (218,000,000) |
Corporate | |||
Assets and Liabilities Held for Sale [Line Items] | |||
Assets held for sale | $ 17,000,000 | ||
Automotive Experience Interiors | |||
Assets and Liabilities Held for Sale [Line Items] | |||
Assets held for sale | 55,000,000 | ||
Disposal Group, Including Discontinued Operation, Liabilities | $ 42,000,000 |
Inventories Schedule of Inventories (Details) - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
---|---|---|
Inventory Disclosure [Abstract] | ||
Raw materials and supplies | $ 1,186 | $ 1,084 |
Work-in-process | 452 | 369 |
Finished goods | 1,172 | 924 |
Inventories | $ 2,810 | $ 2,377 |
Property, Plant and Equipment Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
---|---|---|---|
Property, Plant and Equipment [Abstract] | |||
Buildings and improvements | $ 3,278 | $ 3,091 | |
Machinery and equipment | 9,119 | 8,566 | |
Construction in progress | 1,356 | 1,006 | |
Land | 481 | 338 | |
Total property, plant and equipment | 14,234 | 13,001 | |
Less accumulated depreciation | (7,585) | (7,131) | |
Property, plant and equipment - net | $ 6,649 | $ 5,870 | $ 6,314 |
Property, Plant and Equipment (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Property, Plant and Equipment [Line Items] | |||
Buildings and Improvements, Gross | $ 3,278 | $ 3,091 | |
Interest costs capitalized | 19 | 25 | $ 28 |
Accumulated depreciation related to capital leases | 40 | 54 | |
Land | 481 | 338 | |
Lessor [Domain] | |||
Property, Plant and Equipment [Line Items] | |||
Buildings and Improvements, Gross | 187 | 177 | |
Land | 21 | 13 | |
Property, Plant and Equipment, Other, Accumulated Depreciation | $ 126 | $ 131 |
Goodwill and Other Intangible Assets Changes in Carrying Amount of Goodwill (Details) - USD ($) |
3 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2016 |
Sep. 30, 2014 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
Goodwill [Roll Forward] | ||||
Goodwill, Beginning Balance | $ 6,824,000,000 | $ 7,127,000,000 | ||
Business Acquisitions | 258,000,000 | 43,000,000 | ||
Business Divestitures | (19,000,000) | (29,000,000) | ||
Impairments | 0 | 0 | ||
Currency Translation and Other | 38,000,000 | (317,000,000) | ||
Goodwill, Ending Balance | $ 7,127,000,000 | 7,101,000,000 | 6,824,000,000 | |
Building Efficiency | ||||
Goodwill [Roll Forward] | ||||
Business Acquisitions | 0 | |||
Business Divestitures | (3,000,000) | |||
Currency Translation and Other | (1,000,000) | |||
Goodwill, Ending Balance | 1,697,000,000 | |||
Power Solutions | ||||
Goodwill [Roll Forward] | ||||
Goodwill, Beginning Balance | 1,082,000,000 | 1,142,000,000 | ||
Business Acquisitions | 0 | 0 | ||
Business Divestitures | 0 | 0 | ||
Currency Translation and Other | 4,000,000 | (60,000,000) | ||
Goodwill, Ending Balance | 1,142,000,000 | 1,086,000,000 | 1,082,000,000 | |
Building Efficiency Systems and Service North America [Member] | ||||
Goodwill [Roll Forward] | ||||
Business Divestitures | $ (3,000,000) | |||
Building Efficiency Systems and Service North America [Member] | Building Efficiency | ||||
Goodwill [Roll Forward] | ||||
Goodwill, Beginning Balance | 978,000,000 | 982,000,000 | ||
Business Acquisitions | 0 | 0 | ||
Business Divestitures | (3,000,000) | (2,000,000) | ||
Currency Translation and Other | 0 | (2,000,000) | ||
Goodwill, Ending Balance | 982,000,000 | 975,000,000 | 978,000,000 | |
Building Efficiency Products North America [Member] | Building Efficiency | ||||
Goodwill [Roll Forward] | ||||
Goodwill, Beginning Balance | 1,701,000,000 | 1,688,000,000 | ||
Business Acquisitions | 34,000,000 | |||
Business Divestitures | (14,000,000) | |||
Currency Translation and Other | (7,000,000) | |||
Goodwill, Ending Balance | 1,688,000,000 | 1,701,000,000 | ||
Building Efficiency Asia | Building Efficiency | ||||
Goodwill [Roll Forward] | ||||
Goodwill, Beginning Balance | 389,000,000 | 414,000,000 | ||
Business Acquisitions | 253,000,000 | 0 | ||
Business Divestitures | 0 | 0 | ||
Currency Translation and Other | 15,000,000 | (25,000,000) | ||
Goodwill, Ending Balance | 414,000,000 | 657,000,000 | 389,000,000 | |
Building Efficiency Other | Building Efficiency | ||||
Goodwill [Roll Forward] | ||||
Goodwill, Beginning Balance | 310,000,000 | 345,000,000 | ||
Business Acquisitions | 5,000,000 | 0 | ||
Business Divestitures | (13,000,000) | 0 | ||
Impairments | (47,000,000) | |||
Currency Translation and Other | (1,000,000) | (35,000,000) | ||
Goodwill, Ending Balance | 345,000,000 | 301,000,000 | 310,000,000 | |
Seating | Automotive Experience | ||||
Goodwill [Roll Forward] | ||||
Goodwill, Beginning Balance | 2,364,000,000 | 2,556,000,000 | ||
Business Acquisitions | 0 | 0 | ||
Business Divestitures | 0 | (4,000,000) | ||
Currency Translation and Other | 21,000,000 | (188,000,000) | ||
Goodwill, Ending Balance | 2,556,000,000 | 2,385,000,000 | 2,364,000,000 | |
Interiors | Automotive Experience | ||||
Goodwill [Roll Forward] | ||||
Goodwill, Beginning Balance | $ 0 | 0 | ||
Business Acquisitions | 9,000,000 | |||
Business Divestitures | (9,000,000) | |||
Currency Translation and Other | 0 | |||
Goodwill, Ending Balance | $ 0 | $ 0 |
Goodwill and Other Intangible Assets Goodwill Additional Information (Details) - USD ($) |
3 Months Ended | 12 Months Ended | |
---|---|---|---|
Sep. 30, 2014 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
Goodwill [Line Items] | |||
Goodwill, written off related to divestiture | $ 19,000,000 | $ 29,000,000 | |
Goodwill impairment loss | 0 | 0 | |
Goodwill | $ 7,127,000,000 | 7,101,000,000 | 6,824,000,000 |
Building Efficiency | |||
Goodwill [Line Items] | |||
Goodwill, written off related to divestiture | 3,000,000 | ||
Goodwill | 1,697,000,000 | ||
Building Efficiency | Building Efficiency Other | |||
Goodwill [Line Items] | |||
Goodwill, written off related to divestiture | 13,000,000 | 0 | |
Goodwill impairment loss | 47,000,000 | ||
Goodwill | 345,000,000 | 301,000,000 | 310,000,000 |
Automotive Experience | Automotive Experience Interiors [Member] | |||
Goodwill [Line Items] | |||
Goodwill impairment loss | 430,000,000 | ||
Automotive Experience | Interiors | |||
Goodwill [Line Items] | |||
Goodwill, written off related to divestiture | 9,000,000 | ||
Goodwill | $ 0 | 0 | |
Latin America [Member] | Building Efficiency Other | |||
Goodwill [Line Items] | |||
Goodwill | $ 0 | $ 0 |
Goodwill and Other Intangible Assets Other Intangible Assets (Details) - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
---|---|---|
Intangible Assets [Line Items] | ||
Gross carrying amount, total intangible assets | $ 1,945 | $ 1,904 |
Net, Total Intangible Assets | 1,514 | 1,516 |
Finite-Lived Intangible Assets, Gross [Abstract] | ||
Gross Carrying Amount | 1,401 | 1,362 |
Accumulated Amortization | (431) | (388) |
Net, Total Amortized Intangible Assets | 970 | 974 |
Patented Technology | ||
Finite-Lived Intangible Assets, Gross [Abstract] | ||
Gross Carrying Amount | 45 | 80 |
Accumulated Amortization | (26) | (59) |
Net, Total Amortized Intangible Assets | 19 | 21 |
Customer Relationships | ||
Finite-Lived Intangible Assets, Gross [Abstract] | ||
Gross Carrying Amount | 988 | 975 |
Accumulated Amortization | (256) | (206) |
Net, Total Amortized Intangible Assets | 732 | 769 |
Miscellaneous | ||
Finite-Lived Intangible Assets, Gross [Abstract] | ||
Gross Carrying Amount | 368 | 307 |
Accumulated Amortization | (149) | (123) |
Net, Total Amortized Intangible Assets | 219 | 184 |
Trademarks | ||
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract] | ||
Carrying Amount, Gross and Net | $ 544 | $ 542 |
Goodwill and Other Intangible Assets Other Intangible Assets Additional Information (Details) - USD ($) |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Goodwill and Intangible Assets Disclosure [Abstract] | |||
Amortization of Intangible Assets | $ 99,000,000 | $ 92,000,000 | $ 86,000,000 |
Future amortization expense, 2016 | 98,000,000 | ||
Future amortization expense, 2017 | 98,000,000 | ||
Future amortization expense, 2018 | 82,000,000 | ||
Future amortization expense, 2019 | 76,000,000 | ||
Future amortization expense, 2020 | 67,000,000 | ||
Intangible asset impairments | $ 0 | $ 0 | $ 0 |
Product Warranties (Details) - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
|
Product Warranties Disclosures [Abstract] | ||
Maximum length, in years, of a product warranty for it to be recorded in other current liabilities | 1 year | |
Minimum length, in years, of a product warranty for it to be recorded in other noncurrent liabilities | 1 year | |
Movement in Standard Product Warranty Accrual [Roll Forward] | ||
Balance at beginning of period | $ 300 | $ 319 |
Accruals for warranties issued during the period | 324 | 280 |
Accruals from acquisitions and divestitures | 51 | 0 |
Accruals related to pre-existing warranties (including changes in estimates) | (13) | (11) |
Settlements made (in cash or in kind) during the period | (301) | (282) |
Currency translation | 4 | (6) |
Balance at end of period | $ 365 | $ 300 |
Leases (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Leases [Abstract] | |||
Leased capital assets included in net property, plant and equipment, primarily buildings and improvements | $ 44 | $ 46 | |
Total rental expense | $ 377 | $ 413 | $ 459 |
Leases Future Minimum Capital and Operating Lease Payments and Related Present Value of Capital Lease Payments (Details) $ in Millions |
Sep. 30, 2016
USD ($)
|
---|---|
Capital Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | |
Capital Leases, 2017 | $ 5 |
Capital Leases, 2018 | 4 |
Capital Leases, 2019 | 3 |
Capital Leases, 2020 | 3 |
Capital Leases, 2021 | 3 |
Capital Leases, After 2021 | 12 |
Capital Leases, Total minimum lease payments | 30 |
Interest | (6) |
Present value of net minimum lease payments | 24 |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | |
Operating Leases, 2017 | 221 |
Operating Leases, 2018 | 163 |
Operating Leases, 2019 | 112 |
Operating Leases, 2020 | 77 |
Operating Leases, 2021 | 56 |
Operating Leases, After 2021 | 88 |
Operating Leases, Total minimum lease payments | $ 717 |
Debt and Financing Arrangements Short-Term Debt (Details) € in Millions |
3 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|
Sep. 30, 2016
USD ($)
|
Mar. 31, 2016
EUR (€)
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2016
USD ($)
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2016
EUR (€)
|
Mar. 31, 2016
USD ($)
|
|
Short-term Debt [Line Items] | |||||||
Amount Of Credit Facility Retired | € | € 390 | ||||||
Commercial Paper, at Carrying Value | $ 0 | $ 0 | $ 0 | $ 0 | |||
Short-term Debt | $ 662,000,000 | $ 52,000,000 | $ 662,000,000 | $ 52,000,000 | |||
Short-term Debt, Weighted Average Interest Rate | 1.65% | 7.20% | 1.65% | 7.20% | 1.65% | ||
Commercial Paper [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Short-term Debt, Average Outstanding Amount | $ 1,397,000,000 | $ 1,537,000,000 | |||||
100 Million USD floating rate term loan maturing in Nov 2016 [Domain] | |||||||
Short-term Debt [Line Items] | |||||||
Debt Instrument, Term | 9 months | ||||||
Short-term Bank Loans and Notes Payable | € | € 100 | ||||||
37 Million euro revolving credit facility [Domain] | |||||||
Short-term Debt [Line Items] | |||||||
Debt retired, amount | € | € 37 | ||||||
100 Million euro revolving credit facility [Domain] | |||||||
Short-term Debt [Line Items] | |||||||
Debt Instrument, Term | 9 months | ||||||
Short-term Bank Loans and Notes Payable | € | € 100 | ||||||
200 Million USD floating rate term loan maturing in October 2016 [Domain] | |||||||
Short-term Debt [Line Items] | |||||||
Debt Instrument, Term | 10 months | ||||||
Short-term Bank Loans and Notes Payable | $ 200,000,000 | 200,000,000 | |||||
125 Million USD floating rate term loan maturing in Sept 2016 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Debt retired, amount | 125,000,000 | ||||||
125 Million USD floating term loan maturing in October 2016 [Domain] | |||||||
Short-term Debt [Line Items] | |||||||
Debt Instrument, Term | 10 months | ||||||
Short-term Bank Loans and Notes Payable | $ 125,000,000 | $ 125,000,000 | |||||
Committed Five Year Credit Facility [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Amount Of Credit Facility Retired | $ 2,500,000,000 | 2,500,000,000 | |||||
Length of Credit Facility | 5 years | ||||||
Contingent on consumation of Tyco merger [Domain] | 2.0 billion USD revolving credit facility [Domain] | |||||||
Short-term Debt [Line Items] | |||||||
Length of Credit Facility | 4 years | ||||||
Amount of credit facility | $ 2,000,000,000 | ||||||
Proceeds from Lines of Credit | $ 0 | $ 0 |
Debt and Financing Arrangements Long-Term Debt (Details) |
3 Months Ended | |||
---|---|---|---|---|
Sep. 30, 2016
USD ($)
|
Sep. 30, 2016
EUR (€)
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2015
EUR (€)
|
|
Debt Instrument [Line Items] | ||||
Other Long-term Debt | $ 39,000,000 | $ 57,000,000 | ||
Long-term Debt and Capital Lease Obligations, Including Current Maturities | 8,821,000,000 | 6,558,000,000 | ||
Less: current portion | 628,000,000 | 813,000,000 | ||
Net long-term debt | $ 8,193,000,000 | $ 5,745,000,000 | ||
5.5 % Due in 2016 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 5.50% | 5.50% | 5.50% | 5.50% |
Debt instrument, face amount | $ 800,000,000 | $ 800,000,000 | ||
Long-term Debt | $ 0 | $ 800,000,000 | ||
7.125 % Due in 2017 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 7.125% | 7.125% | 7.125% | 7.125% |
Debt instrument, face amount | $ 150,000,000 | $ 150,000,000 | ||
Long-term Debt | $ 149,000,000 | $ 153,000,000 | ||
2.6 % Due in 2017 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 2.60% | 2.60% | 2.60% | 2.60% |
Debt instrument, face amount | $ 400,000,000 | $ 400,000,000 | ||
Long-term Debt | $ 404,000,000 | $ 404,000,000 | ||
2.355 % Due in 2017 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 2.355% | 2.355% | 2.355% | 2.355% |
Debt instrument, face amount | $ 46,000,000 | $ 46,000,000 | ||
Long-term Debt | $ 46,000,000 | $ 46,000,000 | ||
1.4% Due in 2018 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 1.40% | 1.40% | 1.40% | 1.40% |
Debt instrument, face amount | $ 300,000,000 | $ 300,000,000 | ||
Long-term Debt | $ 301,000,000 | $ 303,000,000 | ||
5.0 % Due in 2020 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | 5.00% | 5.00% | 5.00% |
Debt instrument, face amount | $ 500,000,000 | $ 500,000,000 | ||
Long-term Debt | $ 499,000,000 | $ 499,000,000 | ||
4.25% Due in 2021 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 4.25% | 4.25% | 4.25% | 4.25% |
Debt instrument, face amount | $ 500,000,000 | $ 500,000,000 | ||
Long-term Debt | $ 498,000,000 | $ 498,000,000 | ||
3.75 % Due in 2022 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 3.75% | 3.75% | 3.75% | 3.75% |
Debt instrument, face amount | $ 450,000,000 | $ 450,000,000 | ||
Long-term Debt | $ 448,000,000 | $ 448,000,000 | ||
3.625% Due in 2024 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 3.625% | 3.625% | 3.625% | 3.625% |
Debt instrument, face amount | $ 500,000,000 | $ 500,000,000 | ||
Long-term Debt | $ 500,000,000 | $ 500,000,000 | ||
6.0 % Due in 2036 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | 6.00% | 6.00% |
Debt instrument, face amount | $ 400,000,000 | $ 400,000,000 | ||
Long-term Debt | $ 396,000,000 | $ 395,000,000 | ||
5.7 % Due in 2041 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 5.70% | 5.70% | 5.70% | 5.70% |
Debt instrument, face amount | $ 300,000,000 | $ 300,000,000 | ||
Long-term Debt | $ 299,000,000 | $ 299,000,000 | ||
5.25 % Due in 2042 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 5.25% | 5.25% | 5.25% | 5.25% |
Debt instrument, face amount | $ 250,000,000 | $ 250,000,000 | ||
Long-term Debt | $ 250,000,000 | $ 250,000,000 | ||
4.625% Due in 2044 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 4.625% | 4.625% | 4.625% | 4.625% |
Debt instrument, face amount | $ 450,000,000 | $ 450,000,000 | ||
Long-term Debt | $ 447,000,000 | $ 447,000,000 | ||
6.95 % Due in 2046 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.95% | 6.95% | 6.95% | 6.95% |
Debt instrument, face amount | $ 125,000,000 | $ 125,000,000 | ||
Long-term Debt | $ 125,000,000 | $ 125,000,000 | ||
4.95% Due in 2064 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 4.95% | 4.95% | 4.95% | 4.95% |
Debt instrument, face amount | $ 450,000,000 | $ 450,000,000 | ||
Long-term Debt | $ 449,000,000 | $ 449,000,000 | ||
Three Point Five Percent Due Two Thousand Twenty Four [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 3.50% | 3.50% | ||
Debt instrument, face amount | € | € 1,000,000,000 | |||
Four Point Eight Seven Five Percent Due Two Thousand Twenty Six [Member] | ||||
Debt Instrument [Line Items] | ||||
Long-term Debt | $ 900,000,000 | |||
Foreign Currency Denominated Debt [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt, Weighted Average Interest Rate | 1.30% | 1.30% | 1.10% | 1.10% |
Euro Member Countries, Euro | Foreign Currency Denominated Debt [Member] | ||||
Debt Instrument [Line Items] | ||||
Long-term Debt | $ 61,000,000 | $ 529,000,000 | ||
Japan, Yen | Foreign Currency Denominated Debt [Member] | ||||
Debt Instrument [Line Items] | ||||
Long-term Debt | $ 367,000,000 | 308,000,000 | ||
Adient [Member] | ||||
Debt Instrument [Line Items] | ||||
Length of Credit Facility | 5 years | |||
Capital lease obligations | $ 24,000,000 | $ 48,000,000 | ||
Adient [Member] | 4.95% Due in 2064 | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 4.875% | 4.875% | 4.875% | 4.875% |
Debt instrument, face amount | $ 900,000,000 | $ 900,000,000 | ||
Adient [Member] | Three Point Five Percent Due Two Thousand Twenty Four [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 3.50% | 3.50% | 3.50% | 3.50% |
Debt instrument, face amount | € | € 1,000,000,000 | € 1,000,000,000 | ||
Long-term Debt | $ 1,119,000,000 | $ 0 | ||
Adient [Member] | Four Point Eight Seven Five Percent Due Two Thousand Twenty Six [Member] | ||||
Debt Instrument [Line Items] | ||||
Long-term Debt | $ 900,000,000 | $ 0 | ||
Adient [Member] | LIBOR plus One Point Zero Zero Five Percent Due Two Thousand Twenty One [Member] | ||||
Debt Instrument [Line Items] | ||||
Length of Credit Facility | 5 years | |||
Debt Instrument, Interest Rate, Stated Percentage | 1.005% | 1.005% | 1.005% | 1.005% |
Long-term Debt | $ 1,500,000,000 | $ 0 |
Long-Term Debt Additional Details (Details) |
3 Months Ended | 12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2016
USD ($)
|
Mar. 31, 2016 |
Jun. 30, 2015
USD ($)
|
Mar. 31, 2015
USD ($)
|
Sep. 30, 2016
USD ($)
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2014
USD ($)
|
Sep. 30, 2016
EUR (€)
|
Sep. 30, 2015
EUR (€)
|
|
Debt Instrument [Line Items] | |||||||||
Long-term Debt, Maturities, Repayments of Principal after Year Five | $ 4,978,000,000 | $ 4,978,000,000 | |||||||
Interest Paid, Net | 319,000,000 | $ 373,000,000 | $ 314,000,000 | ||||||
Proceeds from Issuance of Unsecured Debt | 2,000,000,000 | ||||||||
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | 628,000,000 | 628,000,000 | |||||||
Long-term Debt, Maturities, Repayments of Principal in Year Two | 310,000,000 | 310,000,000 | |||||||
Long-term Debt, Maturities, Repayments of Principal in Year Three | 0 | 0 | |||||||
Long-term Debt, Maturities, Repayments of Principal in Year Four | 906,000,000 | 906,000,000 | |||||||
Long-term Debt, Maturities, Repayments of Principal in Year Five | $ 1,999,000,000 | $ 1,999,000,000 | |||||||
Foreign Currency Denominated Debt [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt, Weighted Average Interest Rate | 1.30% | 1.30% | 1.10% | 1.30% | 1.10% | ||||
70 million euro floating rate credit facility [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Long-term Debt | $ 70,000,000 | ||||||||
Repayments of Debt | $ 32,000,000 | ||||||||
Four Point Eight Seven Five Percent Due Two Thousand Twenty Six [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Long-term Debt | $ 900,000,000 | $ 900,000,000 | |||||||
5.5 % Due in 2016 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | ||||
Debt instrument, face amount | $ 800,000,000 | $ 800,000,000 | $ 800,000,000 | ||||||
Long-term Debt | $ 0 | $ 0 | $ 800,000,000 | ||||||
7.125 % Due in 2017 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 7.125% | 7.125% | 7.125% | 7.125% | 7.125% | ||||
Debt instrument, face amount | $ 150,000,000 | $ 150,000,000 | $ 150,000,000 | ||||||
Long-term Debt | $ 149,000,000 | $ 149,000,000 | $ 153,000,000 | ||||||
2.6 % Due in 2017 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | ||||
Debt instrument, face amount | $ 400,000,000 | $ 400,000,000 | $ 400,000,000 | ||||||
Long-term Debt | $ 404,000,000 | $ 404,000,000 | $ 404,000,000 | ||||||
2.355 % Due in 2017 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 2.355% | 2.355% | 2.355% | 2.355% | 2.355% | ||||
Debt instrument, face amount | $ 46,000,000 | $ 46,000,000 | $ 46,000,000 | ||||||
Long-term Debt | $ 46,000,000 | $ 46,000,000 | $ 46,000,000 | ||||||
1.4% Due in 2018 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | ||||
Debt instrument, face amount | $ 300,000,000 | $ 300,000,000 | $ 300,000,000 | ||||||
Long-term Debt | $ 301,000,000 | $ 301,000,000 | $ 303,000,000 | ||||||
5.0 % Due in 2020 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | ||||
Debt instrument, face amount | $ 500,000,000 | $ 500,000,000 | $ 500,000,000 | ||||||
Long-term Debt | $ 499,000,000 | $ 499,000,000 | $ 499,000,000 | ||||||
4.25% Due in 2021 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 4.25% | 4.25% | 4.25% | 4.25% | 4.25% | ||||
Debt instrument, face amount | $ 500,000,000 | $ 500,000,000 | $ 500,000,000 | ||||||
Long-term Debt | $ 498,000,000 | $ 498,000,000 | $ 498,000,000 | ||||||
3.75 % Due in 2022 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% | ||||
Debt instrument, face amount | $ 450,000,000 | $ 450,000,000 | $ 450,000,000 | ||||||
Long-term Debt | $ 448,000,000 | $ 448,000,000 | $ 448,000,000 | ||||||
3.625% Due in 2024 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 3.625% | 3.625% | 3.625% | 3.625% | 3.625% | ||||
Debt instrument, face amount | $ 500,000,000 | $ 500,000,000 | $ 500,000,000 | ||||||
Long-term Debt | $ 500,000,000 | $ 500,000,000 | $ 500,000,000 | ||||||
6.0 % Due in 2036 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | ||||
Debt instrument, face amount | $ 400,000,000 | $ 400,000,000 | $ 400,000,000 | ||||||
Long-term Debt | $ 396,000,000 | $ 396,000,000 | $ 395,000,000 | ||||||
5.7 % Due in 2041 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 5.70% | 5.70% | 5.70% | 5.70% | 5.70% | ||||
Debt instrument, face amount | $ 300,000,000 | $ 300,000,000 | $ 300,000,000 | ||||||
Long-term Debt | $ 299,000,000 | $ 299,000,000 | $ 299,000,000 | ||||||
5.25 % Due in 2042 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | ||||
Debt instrument, face amount | $ 250,000,000 | $ 250,000,000 | $ 250,000,000 | ||||||
Long-term Debt | $ 250,000,000 | $ 250,000,000 | $ 250,000,000 | ||||||
4.625% Due in 2044 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 4.625% | 4.625% | 4.625% | 4.625% | 4.625% | ||||
Debt instrument, face amount | $ 450,000,000 | $ 450,000,000 | $ 450,000,000 | ||||||
Long-term Debt | $ 447,000,000 | $ 447,000,000 | $ 447,000,000 | ||||||
6.95 % Due in 2046 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 6.95% | 6.95% | 6.95% | 6.95% | 6.95% | ||||
Debt instrument, face amount | $ 125,000,000 | $ 125,000,000 | $ 125,000,000 | ||||||
Long-term Debt | $ 125,000,000 | $ 125,000,000 | $ 125,000,000 | ||||||
4.95% Due in 2064 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 4.95% | 4.95% | 4.95% | 4.95% | 4.95% | ||||
Debt instrument, face amount | $ 450,000,000 | $ 450,000,000 | $ 450,000,000 | ||||||
Long-term Debt | $ 449,000,000 | $ 449,000,000 | 449,000,000 | ||||||
Three Point Five Percent Due Two Thousand Twenty Four [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 3.50% | 3.50% | 3.50% | ||||||
Debt instrument, face amount | € | € 1,000,000,000 | ||||||||
125 Million USD floating term loan maturing in October 2016 [Domain] | |||||||||
Debt Instrument [Line Items] | |||||||||
Short-term Bank Loans and Notes Payable | $ 125,000,000 | $ 125,000,000 | |||||||
Debt Instrument, Term | 10 months | ||||||||
7.7 % Due in 2015 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 0.00% | ||||||||
Debt retired, amount | $ 125,000,000 | ||||||||
Four Point Eight Seven Five Percent Due Two Thousand Twenty Six [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt Instrument, Term | 10 years | ||||||||
500 million USD floating rate term loan maturing in September 2016 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt retired, amount | $ 500,000,000 | ||||||||
150 million USD floating rate term loan maturing in September 2015 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt retired, amount | 150,000,000 | ||||||||
100 million USD floating rate term loan maturing in September 2015 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt retired, amount | 100,000,000 | ||||||||
Three Point Five Percent Due Two Thousand Twenty Four [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt Instrument, Term | 8 years | ||||||||
Adient [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Proceeds from Lines of Credit | 0 | ||||||||
Proceeds from Issuance of Unsecured Debt | 500,000,000 | ||||||||
Length of Credit Facility | 5 years | ||||||||
Adient [Member] | Four Point Eight Seven Five Percent Due Two Thousand Twenty Six [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Long-term Debt | $ 900,000,000 | $ 900,000,000 | $ 0 | ||||||
Adient [Member] | 4.95% Due in 2064 | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 4.875% | 4.875% | 4.875% | 4.875% | 4.875% | ||||
Debt instrument, face amount | $ 900,000,000 | $ 900,000,000 | $ 900,000,000 | ||||||
Adient [Member] | Three Point Five Percent Due Two Thousand Twenty Four [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 3.50% | 3.50% | 3.50% | 3.50% | 3.50% | ||||
Debt instrument, face amount | € | € 1,000,000,000 | € 1,000,000,000 | |||||||
Long-term Debt | $ 1,119,000,000 | $ 1,119,000,000 | $ 0 | ||||||
Adient [Member] | LIBOR plus One Point Zero Zero Five Percent Due Two Thousand Twenty One [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate on notes | 1.005% | 1.005% | 1.005% | 1.005% | 1.005% | ||||
Long-term Debt | $ 1,500,000,000 | $ 1,500,000,000 | $ 0 | ||||||
Length of Credit Facility | 5 years | ||||||||
Adient [Member] | LIBOR plus One Point Zero Zero Five Percent Due Two Thousand Twenty One [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Proceeds from Lines of Credit | $ 1,500,000,000 |
Debt and Financing Arrangements Financing Arrangements (Details) ¥ in Billions |
3 Months Ended | 12 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2016
USD ($)
|
Sep. 30, 2016
EUR (€)
|
Mar. 31, 2016
USD ($)
|
Mar. 31, 2016
EUR (€)
|
Sep. 30, 2015
USD ($)
|
Jun. 30, 2015
USD ($)
|
Mar. 31, 2015
USD ($)
|
Sep. 30, 2016
USD ($)
|
Sep. 30, 2016
EUR (€)
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2016
EUR (€)
|
Sep. 30, 2015
EUR (€)
|
Jun. 30, 2015
JPY (¥)
|
|
Debt Instrument [Line Items] | |||||||||||||
Notes Payable, Related Parties, Noncurrent | $ 6,500,000,000 | $ 0 | $ 6,500,000,000 | $ 0 | |||||||||
Proceeds from Issuance of Unsecured Debt | $ 2,000,000,000 | ||||||||||||
Debt traunches | 4 | 4 | |||||||||||
Amount Of Credit Facility Retired | € | € 390,000,000 | ||||||||||||
Number of term loans repaid | 3 | 3 | |||||||||||
Four Point Eight Seven Five Percent Due Two Thousand Twenty Six [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Long-term Debt | $ 900,000,000 | $ 900,000,000 | |||||||||||
Three Point Five Percent Due Two Thousand Twenty Four [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt instrument, face amount | € | € 1,000,000,000 | ||||||||||||
Interest rate on notes | 3.50% | 3.50% | 3.50% | ||||||||||
135 million USD revolving credit facility | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Amount of credit facility | $ 135,000,000 | $ 135,000,000 | |||||||||||
1.4% Due in 2018 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Long-term Debt | 301,000,000 | 303,000,000 | 301,000,000 | 303,000,000 | |||||||||
Debt instrument, face amount | $ 300,000,000 | $ 300,000,000 | $ 300,000,000 | $ 300,000,000 | |||||||||
Interest rate on notes | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | |||||||
3.625% Due in 2024 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Long-term Debt | $ 500,000,000 | $ 500,000,000 | $ 500,000,000 | $ 500,000,000 | |||||||||
Debt instrument, face amount | $ 500,000,000 | $ 500,000,000 | $ 500,000,000 | $ 500,000,000 | |||||||||
Interest rate on notes | 3.625% | 3.625% | 3.625% | 3.625% | 3.625% | 3.625% | |||||||
237 Million Euro Revolving Credit Facility | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Line of Credit Facility, Maximum Amount Outstanding During Period | € | € 0 | ||||||||||||
4.625% Due in 2044 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Long-term Debt | $ 447,000,000 | $ 447,000,000 | $ 447,000,000 | $ 447,000,000 | |||||||||
Debt instrument, face amount | $ 450,000,000 | $ 450,000,000 | $ 450,000,000 | $ 450,000,000 | |||||||||
Interest rate on notes | 4.625% | 4.625% | 4.625% | 4.625% | 4.625% | 4.625% | |||||||
4.95% Due in 2064 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Interest rate on notes | 4.875% | 4.875% | 4.875% | ||||||||||
70 million euro floating rate credit facility [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Long-term Debt | $ 70,000,000 | ||||||||||||
Repayments of Debt | $ 32,000,000 | ||||||||||||
Committed Five-year Credit Facility | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Length of Credit Facility | 5 years | ||||||||||||
Amount Of Credit Facility Retired | $ 2,500,000,000 | $ 2,500,000,000 | |||||||||||
Four Point Eight Seven Five Percent Due Two Thousand Twenty Six [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt Instrument, Term | 10 years | 10 years | |||||||||||
500 million USD floating rate term loan maturing in September 2016 [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt retired, amount | $ 500,000,000 | ||||||||||||
100 Million USD floating rate term loan maturing in Nov 2016 [Domain] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt Instrument, Term | 9 months | 9 months | |||||||||||
Short-term Bank Loans and Notes Payable | € | € 100,000,000 | ||||||||||||
37 Million euro revolving credit facility [Domain] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt retired, amount | € | € 37,000,000 | ||||||||||||
100 Million euro revolving credit facility [Domain] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt Instrument, Term | 9 months | 9 months | |||||||||||
Short-term Bank Loans and Notes Payable | € | 100,000,000 | ||||||||||||
200 Million USD floating rate term loan maturing in October 2016 [Domain] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt Instrument, Term | 10 months | 10 months | |||||||||||
Short-term Bank Loans and Notes Payable | 200,000,000 | $ 200,000,000 | |||||||||||
125 Million USD floating term loan maturing in October 2016 [Domain] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt Instrument, Term | 10 months | 10 months | |||||||||||
Short-term Bank Loans and Notes Payable | 125,000,000 | $ 125,000,000 | |||||||||||
5.5 % Due in 2016 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt retired, amount | $ 800,000,000 | ||||||||||||
Interest rate on notes | 0.00% | ||||||||||||
125 Million USD floating rate term loan maturing in Sept 2016 [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt retired, amount | 125,000,000 | ||||||||||||
200 Million USD floating rate term loan maturing in Sept 2016 [Domain] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt retired, amount | $ 200,000,000 | ||||||||||||
90 million USD revolving credit facility | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt retired, amount | 90,000,000 | ||||||||||||
500 million USD floating rate term loan maturing in September 2015 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt retired, amount | 500,000,000 | ||||||||||||
150 million USD floating rate term loan maturing in September 2015 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt retired, amount | 150,000,000 | ||||||||||||
70 million euro floating rate credit facility [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt retired, amount | € | € 38,000,000 | ||||||||||||
100 million USD floating rate term loan maturing in September 2015 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt retired, amount | 100,000,000 | ||||||||||||
37 billion yen floating rate syndicated term loan maturing in June 2020 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt Instrument, Term | 5 years | ||||||||||||
Long-term Debt | ¥ | ¥ 37 | ||||||||||||
7.7 % Due in 2015 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt retired, amount | $ 125,000,000 | ||||||||||||
Interest rate on notes | 0.00% | ||||||||||||
Three Point Five Percent Due Two Thousand Twenty Four [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Debt Instrument, Term | 8 years | 8 years | |||||||||||
Contingent on consumation of Tyco merger [Domain] | 2.0 billion USD revolving credit facility [Domain] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Amount of credit facility | $ 2,000,000,000 | ||||||||||||
Length of Credit Facility | 4 years | 4 years | |||||||||||
Proceeds from Lines of Credit | $ 0 | 0 | |||||||||||
Johnson Controls International plc [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Proceeds from Issuance of Unsecured Debt | 1,500,000,000 | ||||||||||||
Adient [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Proceeds from Issuance of Unsecured Debt | 500,000,000 | ||||||||||||
Amount of credit facility | $ 1,500,000,000 | 1,500,000,000 | |||||||||||
Length of Credit Facility | 5 years | 5 years | |||||||||||
Proceeds from Lines of Credit | 0 | ||||||||||||
Adient [Member] | Four Point Eight Seven Five Percent Due Two Thousand Twenty Six [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Long-term Debt | $ 900,000,000 | 0 | 900,000,000 | 0 | |||||||||
Adient [Member] | Three Point Five Percent Due Two Thousand Twenty Four [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Long-term Debt | $ 1,119,000,000 | $ 0 | $ 1,119,000,000 | $ 0 | |||||||||
Debt instrument, face amount | € | € 1,000,000,000 | € 1,000,000,000 | |||||||||||
Interest rate on notes | 3.50% | 3.50% | 3.50% | 3.50% | 3.50% | 3.50% | |||||||
Adient [Member] | LIBOR plus One Point Zero Zero Five Percent Due Two Thousand Twenty One [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Long-term Debt | $ 1,500,000,000 | $ 0 | $ 1,500,000,000 | $ 0 | |||||||||
Length of Credit Facility | 5 years | 5 years | |||||||||||
Interest rate on notes | 1.005% | 1.005% | 1.005% | 1.005% | 1.005% | 1.005% |
Debt and Financing Arrangements Notes Payable to Affiliates (Details) - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
---|---|---|
Investments in and Advances to Affiliates [Line Items] | ||
Notes Payable, Related Parties, Noncurrent | $ 6,500 | $ 0 |
Notes Payable to Affiliate [Member] | ||
Investments in and Advances to Affiliates [Line Items] | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | |
Five Percent Due Two Thousand Twenty One [Member] | ||
Investments in and Advances to Affiliates [Line Items] | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | 5.00% |
Debt instrument, face amount | $ 500 | $ 500 |
Notes Payable, Related Parties, Noncurrent | $ 500 | $ 0 |
Five Point Two Percent Due Two Thousand Twenty Two [Member] | ||
Investments in and Advances to Affiliates [Line Items] | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.20% | 5.20% |
Debt instrument, face amount | $ 100 | $ 100 |
Notes Payable, Related Parties, Noncurrent | $ 1,000 | $ 0 |
Five Point Four Due Two Thousand Twenty Three [Member] | ||
Investments in and Advances to Affiliates [Line Items] | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.40% | 5.40% |
Debt instrument, face amount | $ 2,000 | $ 2,000 |
Notes Payable, Related Parties, Noncurrent | $ 2,000 | $ 0 |
Six Percent Due Two Thousand Twenty Six [Member] | ||
Investments in and Advances to Affiliates [Line Items] | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% |
Debt instrument, face amount | $ 2,500 | $ 2,500 |
Notes Payable, Related Parties, Noncurrent | $ 2,500 | $ 0 |
Minimum [Member] | Notes Payable to Affiliate [Member] | ||
Investments in and Advances to Affiliates [Line Items] | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% |
Debt and Financing Arrangements Net Financing Charges (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Debt Disclosure [Abstract] | |||
Interest expense, net of capitalized interest costs | $ 295 | $ 288 | $ 254 |
Bank fees and bond cost amortization | 32 | 23 | 18 |
Interest income | (12) | (9) | (10) |
Net foreign exchange results for financing activities | (15) | (14) | (18) |
Net financing charges | 300 | 288 | 244 |
Interest expense due to affiliate | $ 27 | $ 0 | $ 0 |
Derivative Instruments and Hedging Activities Outstanding Commodity Hedge Contracts (Details) |
Sep. 30, 2016
T
lb
|
Sep. 30, 2015
T
lb
|
---|---|---|
Copper [Member] | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount | lb | 5,849,000 | 14,648,000 |
Lead [Member] | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount | 5,185 | 6,785 |
Aluminum [Member] | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount | 2,620 | 5,700 |
Tin [Member] | ||
Derivative [Line Items] | ||
Derivative, Nonmonetary Notional Amount | 185 | 2,080 |
Derivative Instruments and Hedging Activities Location and Fair Values of Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
---|---|---|
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | $ 79 | $ 233 |
Gross amount, derivative liabilities | 2,397 | 1,727 |
Designated as Hedging Instrument | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 46 | 42 |
Gross amount, derivative liabilities | 2,386 | 1,701 |
Designated as Hedging Instrument | Other current assets | Foreign currency exchange derivatives | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 41 | 31 |
Designated as Hedging Instrument | Other current assets | Commodity derivatives | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 4 | 0 |
Designated as Hedging Instrument | Other current assets | Interest Rate Swap [Member] | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 0 | 1 |
Designated as Hedging Instrument | Other current assets | Cross-currency interest rate swaps | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 0 | 5 |
Designated as Hedging Instrument | Other noncurrent assets | Interest Rate Swap [Member] | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 1 | 5 |
Designated as Hedging Instrument | Other noncurrent assets | Equity swap | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 0 | 0 |
Designated as Hedging Instrument | Other current liabilities | Foreign currency exchange derivatives | ||
Derivative Instruments [Line Items] | ||
Gross amount, derivative liabilities | 48 | 37 |
Designated as Hedging Instrument | Other current liabilities | Commodity derivatives | ||
Derivative Instruments [Line Items] | ||
Gross amount, derivative liabilities | 0 | 7 |
Designated as Hedging Instrument | Other current liabilities | Cross-currency interest rate swaps | ||
Derivative Instruments [Line Items] | ||
Gross amount, derivative liabilities | 0 | 1 |
Designated as Hedging Instrument | Current portion of long-term debt | Fixed rate debt swapped to floating | ||
Derivative Instruments [Line Items] | ||
Gross amount, derivative liabilities | 551 | 801 |
Designated as Hedging Instrument | Long-term debt | Fixed rate debt swapped to floating | ||
Derivative Instruments [Line Items] | ||
Gross amount, derivative liabilities | 301 | 855 |
Designated as Hedging Instrument | Long-term debt | Foreign Currency Denominated Debt [Member] | ||
Derivative Instruments [Line Items] | ||
Gross amount, derivative liabilities | 1,486 | 0 |
Not Designated as Hedging Instrument | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 33 | 191 |
Gross amount, derivative liabilities | 11 | 26 |
Not Designated as Hedging Instrument | Other current assets | Foreign currency exchange derivatives | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 33 | 27 |
Not Designated as Hedging Instrument | Other current assets | Commodity derivatives | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 0 | 0 |
Not Designated as Hedging Instrument | Other current assets | Interest Rate Swap [Member] | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 0 | 0 |
Not Designated as Hedging Instrument | Other current assets | Cross-currency interest rate swaps | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 0 | 0 |
Not Designated as Hedging Instrument | Other noncurrent assets | Interest Rate Swap [Member] | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 0 | 0 |
Not Designated as Hedging Instrument | Other noncurrent assets | Equity swap | ||
Derivative Instruments [Line Items] | ||
Gross amount recognized, derivative assets | 0 | 164 |
Not Designated as Hedging Instrument | Other current liabilities | Foreign currency exchange derivatives | ||
Derivative Instruments [Line Items] | ||
Gross amount, derivative liabilities | 11 | 26 |
Not Designated as Hedging Instrument | Other current liabilities | Commodity derivatives | ||
Derivative Instruments [Line Items] | ||
Gross amount, derivative liabilities | 0 | 0 |
Not Designated as Hedging Instrument | Other current liabilities | Cross-currency interest rate swaps | ||
Derivative Instruments [Line Items] | ||
Gross amount, derivative liabilities | 0 | 0 |
Not Designated as Hedging Instrument | Current portion of long-term debt | Fixed rate debt swapped to floating | ||
Derivative Instruments [Line Items] | ||
Gross amount, derivative liabilities | 0 | 0 |
Not Designated as Hedging Instrument | Long-term debt | Fixed rate debt swapped to floating | ||
Derivative Instruments [Line Items] | ||
Gross amount, derivative liabilities | 0 | 0 |
Not Designated as Hedging Instrument | Long-term debt | Foreign Currency Denominated Debt [Member] | ||
Derivative Instruments [Line Items] | ||
Gross amount, derivative liabilities | $ 0 | $ 0 |
Derivative Instruments and Hedging Activities Location and Amount of Gains and Losses Gross of Tax on Derivative Instruments and Related Hedge Items (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of Gain (Loss) Recognized in Income on Derivative | $ 11 | $ (24) | $ 18 |
Foreign currency exchange derivatives | Cost of sales | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of Gain (Loss) Recognized in Income on Derivative | 4 | (3) | 1 |
Foreign currency exchange derivatives | Net financing charges | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of Gain (Loss) Recognized in Income on Derivative | (11) | (12) | 18 |
Foreign currency exchange derivatives | Income tax provision | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of Gain (Loss) Recognized in Income on Derivative | 4 | 0 | 0 |
Equity swap | Selling, general and administrative | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of Gain (Loss) Recognized in Income on Derivative | 14 | (9) | (1) |
Cash Flow Hedging | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | (15) | (24) | (6) |
Amount of Gain (Loss) Reclassified from AOCI into Income | (32) | (9) | 0 |
Cash Flow Hedging | Foreign currency exchange derivatives | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | (18) | (5) | 1 |
Cash Flow Hedging | Foreign currency exchange derivatives | Cost of sales | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of Gain (Loss) Reclassified from AOCI into Income | (21) | 1 | (2) |
Cash Flow Hedging | Commodity derivatives | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | 3 | (19) | (7) |
Cash Flow Hedging | Commodity derivatives | Cost of sales | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of Gain (Loss) Reclassified from AOCI into Income | (12) | (11) | 1 |
Cash Flow Hedging | Forward Treasury Locks | Net financing charges | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of Gain (Loss) Reclassified from AOCI into Income | 1 | 1 | 1 |
Fair Value Hedging | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of Gain (Loss) Recognized in Income on Derivative | 0 | 0 | 0 |
Fair Value Hedging | Interest Rate Swap [Member] | Net financing charges | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of Gain (Loss) Recognized in Income on Derivative | (5) | 7 | 5 |
Fair Value Hedging | Fixed rate debt swapped to floating | Net financing charges | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of Gain (Loss) Recognized in Income on Derivative | $ 5 | $ (7) | $ (5) |
Derivative Instruments and Hedging Activities Derivative Assets and Liabilties, Offsetting (Details) - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
---|---|---|
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Gross amount recognized, derivative assets | $ 79 | $ 233 |
Gross amount eligible for offsetting, derivative assets | (17) | (8) |
Net amount, derivative assets | 62 | 225 |
Gross amount, derivative liabilities | 2,397 | 1,727 |
Gross amount eligible for offsetting, derivative liabilities | (17) | (8) |
Net Amount, derivative liabilities | $ 2,380 | $ 1,719 |
Derivative Instruments and Hedging Activities Derivatives, Additional Information (Details) € in Billions, ¥ in Billions |
3 Months Ended | 12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2005
USD ($)
Agreement
|
Sep. 30, 2016
USD ($)
Swap
|
Sep. 30, 2015
USD ($)
Swap
|
Sep. 30, 2014
USD ($)
|
Sep. 30, 2016
EUR (€)
Swap
|
Sep. 30, 2016
JPY (¥)
Swap
|
Sep. 30, 2015
EUR (€)
Swap
|
Sep. 30, 2015
JPY (¥)
Swap
|
Jun. 30, 2015
JPY (¥)
|
Jun. 30, 2014
USD ($)
Swap
|
Sep. 30, 2013
USD ($)
Swap
|
Mar. 31, 2006
Agreement
|
|
Derivative [Line Items] | ||||||||||||
Derivative Liability, Fair Value, Gross Liability | $ 2,397,000,000 | $ 1,727,000,000 | ||||||||||
Increase (Decrease) in Cash Collateral for Loaned Securities | $ 0 | $ 0 | ||||||||||
Hedge percentage for foreign exchange transactional exposures, Minimum | 70.00% | |||||||||||
Hedge percentage for foreign exchange transactional exposures, Maximum | 90.00% | |||||||||||
Number of forward treasury lock agreements | Agreement | 3 | |||||||||||
Notional amount of forward treasury lock agreements, total | $ 1,300,000,000 | |||||||||||
Number of forward treasury lock agreements terminated | Agreement | 3 | |||||||||||
Number of fixed to floating interest rate swaps outstanding | Swap | 8 | 12 | 8 | 8 | 12 | 12 | ||||||
Gains (Losses) recognized in income for the ineffective portion of cash flow hedges | $ 0 | $ 0 | $ 0 | |||||||||
Types of Notes Forward Treasury Lock Agreements Fixed Portion of Future Interest Cost | 5-year, 10-year and 30-year bonds | |||||||||||
Gains (Losses) Reclassifed from CTA to Income for Outstanding Net Investment Hedges | 0 | 0 | 0 | |||||||||
Common Stock | ||||||||||||
Derivative [Line Items] | ||||||||||||
Derivative, Amount of Hedged Item | 4,000,000 | |||||||||||
5.5 % Due in 2016 | ||||||||||||
Derivative [Line Items] | ||||||||||||
Long-term Debt | $ 0 | $ 800,000,000 | ||||||||||
Interest rate on notes | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | ||||||
2.6 % Due in 2017 | ||||||||||||
Derivative [Line Items] | ||||||||||||
Long-term Debt | $ 404,000,000 | $ 404,000,000 | ||||||||||
Interest rate on notes | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | ||||||
1.4% Due in 2018 | ||||||||||||
Derivative [Line Items] | ||||||||||||
Long-term Debt | $ 301,000,000 | $ 303,000,000 | ||||||||||
Interest rate on notes | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | ||||||
7.125 % Due in 2017 | ||||||||||||
Derivative [Line Items] | ||||||||||||
Long-term Debt | $ 149,000,000 | $ 153,000,000 | ||||||||||
Interest rate on notes | 7.125% | 7.125% | 7.125% | 7.125% | 7.125% | 7.125% | ||||||
Designated as Hedging Instrument | ||||||||||||
Derivative [Line Items] | ||||||||||||
Derivative Liability, Fair Value, Gross Liability | $ 2,386,000,000 | $ 1,701,000,000 | ||||||||||
Not Designated as Hedging Instrument | ||||||||||||
Derivative [Line Items] | ||||||||||||
Derivative Liability, Fair Value, Gross Liability | $ 11,000,000 | 26,000,000 | ||||||||||
Interest Rate Swap [Member] | 5.5 % Due in 2016 | ||||||||||||
Derivative [Line Items] | ||||||||||||
Derivative, Amount of Hedged Item | $ 800,000,000 | |||||||||||
Interest rate on notes | 5.50% | |||||||||||
Number of fixed to floating interest rate swaps outstanding | Swap | 4 | |||||||||||
Interest Rate Swap [Member] | 2.6 % Due in 2017 | ||||||||||||
Derivative [Line Items] | ||||||||||||
Derivative, Amount of Hedged Item | $ 400,000,000 | |||||||||||
Interest rate on notes | 2.60% | |||||||||||
Number of fixed to floating interest rate swaps outstanding | Swap | 4 | |||||||||||
Interest Rate Swap [Member] | 1.4% Due in 2018 | ||||||||||||
Derivative [Line Items] | ||||||||||||
Derivative, Amount of Hedged Item | $ 300,000,000 | |||||||||||
Interest rate on notes | 1.40% | |||||||||||
Number of fixed to floating interest rate swaps outstanding | Swap | 3 | |||||||||||
Interest Rate Swap [Member] | 7.125 % Due in 2017 | ||||||||||||
Derivative [Line Items] | ||||||||||||
Derivative, Amount of Hedged Item | $ 150,000,000 | |||||||||||
Interest rate on notes | 7.125% | |||||||||||
Number of fixed to floating interest rate swaps outstanding | Swap | 1 | |||||||||||
Foreign Currency Denominated Debt [Member] | ||||||||||||
Derivative [Line Items] | ||||||||||||
Cross-currency interest rate swaps outstanding | € 1 | ¥ 37 | € 0 | ¥ 0 | ||||||||
Cross-currency interest rate swaps | ||||||||||||
Derivative [Line Items] | ||||||||||||
Cross-currency interest rate swaps outstanding | $ 20,000,000,000 | |||||||||||
Number of fixed to floating interest rate swaps outstanding | Swap | 0 | 4 | 0 | 0 | 4 | 4 | ||||||
Cross-currency interest rate swaps | Other current liabilities | Designated as Hedging Instrument | ||||||||||||
Derivative [Line Items] | ||||||||||||
Derivative Liability, Fair Value, Gross Liability | $ 0 | $ 1,000,000 | ||||||||||
Cross-currency interest rate swaps | Other current liabilities | Not Designated as Hedging Instrument | ||||||||||||
Derivative [Line Items] | ||||||||||||
Derivative Liability, Fair Value, Gross Liability | 0 | 0 | ||||||||||
Commodity derivatives | Other current liabilities | Designated as Hedging Instrument | ||||||||||||
Derivative [Line Items] | ||||||||||||
Derivative Liability, Fair Value, Gross Liability | 0 | 7,000,000 | ||||||||||
Commodity derivatives | Other current liabilities | Not Designated as Hedging Instrument | ||||||||||||
Derivative [Line Items] | ||||||||||||
Derivative Liability, Fair Value, Gross Liability | 0 | 0 | ||||||||||
Equity swap | ||||||||||||
Derivative [Line Items] | ||||||||||||
Derivative, Amount of Hedged Item | 0 | |||||||||||
37 billion yen floating rate syndicated term loan maturing in June 2020 | ||||||||||||
Derivative [Line Items] | ||||||||||||
Long-term Debt | ¥ | ¥ 37 | |||||||||||
Net Investment Hedging [Member] | ||||||||||||
Derivative [Line Items] | ||||||||||||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | $ (82,000,000) | $ 16,000,000 | $ 24,000,000 |
Fair Value Measurements Assets and Liabilities Measured at Fair Value (Details) - USD ($) |
Sep. 30, 2016 |
Sep. 30, 2015 |
---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | $ 79,000,000 | $ 233,000,000 |
Gross amount, derivative liabilities | 2,397,000,000 | 1,727,000,000 |
Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 82,000,000 | 237,000,000 |
Total liabilities | 2,397,000,000 | 1,727,000,000 |
Foreign currency exchange derivatives | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 74,000,000 | 58,000,000 |
Foreign currency exchange derivatives | Other current liabilities | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 59,000,000 | 63,000,000 |
Commodity derivatives | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 4,000,000 | |
Commodity derivatives | Other current liabilities | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 7,000,000 | |
Interest Rate Swap [Member] | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 1,000,000 | |
Interest Rate Swap [Member] | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 1,000,000 | |
Cross-currency interest rate swaps | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 5,000,000 | |
Cross-currency interest rate swaps | Other current liabilities | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 1,000,000 | |
Equity swap | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 164,000,000 | |
Fixed rate debt swapped to floating | Current portion of long-term debt | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 551,000,000 | 801,000,000 |
Fixed rate debt swapped to floating | Long-term debt | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 301,000,000 | 855,000,000 |
Foreign Currency Denominated Debt [Member] | Long-term debt | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 1,486,000,000 | |
Quoted Prices in Active Markets (Level 1) | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 3,000,000 | 168,000,000 |
Total liabilities | 1,486,000,000 | 0 |
Quoted Prices in Active Markets (Level 1) | Foreign currency exchange derivatives | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 0 | 0 |
Quoted Prices in Active Markets (Level 1) | Foreign currency exchange derivatives | Other current liabilities | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 0 | 0 |
Quoted Prices in Active Markets (Level 1) | Commodity derivatives | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 0 | |
Quoted Prices in Active Markets (Level 1) | Commodity derivatives | Other current liabilities | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 0 | |
Quoted Prices in Active Markets (Level 1) | Interest Rate Swap [Member] | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 0 | |
Quoted Prices in Active Markets (Level 1) | Interest Rate Swap [Member] | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 0 | |
Quoted Prices in Active Markets (Level 1) | Cross-currency interest rate swaps | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 0 | |
Quoted Prices in Active Markets (Level 1) | Cross-currency interest rate swaps | Other current liabilities | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 0 | |
Quoted Prices in Active Markets (Level 1) | Equity swap | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 164,000,000 | |
Quoted Prices in Active Markets (Level 1) | Fixed rate debt swapped to floating | Current portion of long-term debt | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 0 | 0 |
Quoted Prices in Active Markets (Level 1) | Fixed rate debt swapped to floating | Long-term debt | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 0 | 0 |
Quoted Prices in Active Markets (Level 1) | Foreign Currency Denominated Debt [Member] | Long-term debt | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 1,486,000,000 | |
Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 79,000,000 | 69,000,000 |
Total liabilities | 911,000,000 | 1,727,000,000 |
Significant Other Observable Inputs (Level 2) | Foreign currency exchange derivatives | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 74,000,000 | 58,000,000 |
Significant Other Observable Inputs (Level 2) | Foreign currency exchange derivatives | Other current liabilities | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 59,000,000 | 63,000,000 |
Significant Other Observable Inputs (Level 2) | Commodity derivatives | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 4,000,000 | |
Significant Other Observable Inputs (Level 2) | Commodity derivatives | Other current liabilities | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 7,000,000 | |
Significant Other Observable Inputs (Level 2) | Interest Rate Swap [Member] | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 1,000,000 | |
Significant Other Observable Inputs (Level 2) | Interest Rate Swap [Member] | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 1,000,000 | |
Significant Other Observable Inputs (Level 2) | Cross-currency interest rate swaps | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 5,000,000 | |
Significant Other Observable Inputs (Level 2) | Cross-currency interest rate swaps | Other current liabilities | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 1,000,000 | |
Significant Other Observable Inputs (Level 2) | Equity swap | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 0 | |
Significant Other Observable Inputs (Level 2) | Fixed rate debt swapped to floating | Current portion of long-term debt | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 551,000,000 | 801,000,000 |
Significant Other Observable Inputs (Level 2) | Fixed rate debt swapped to floating | Long-term debt | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 301,000,000 | 855,000,000 |
Significant Other Observable Inputs (Level 2) | Foreign Currency Denominated Debt [Member] | Long-term debt | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 0 | |
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Total liabilities | 0 | 0 |
Significant Unobservable Inputs (Level 3) | Foreign currency exchange derivatives | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 0 | 0 |
Significant Unobservable Inputs (Level 3) | Foreign currency exchange derivatives | Other current liabilities | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 0 | 0 |
Significant Unobservable Inputs (Level 3) | Commodity derivatives | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 0 | |
Significant Unobservable Inputs (Level 3) | Commodity derivatives | Other current liabilities | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 0 | |
Significant Unobservable Inputs (Level 3) | Interest Rate Swap [Member] | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 0 | |
Significant Unobservable Inputs (Level 3) | Interest Rate Swap [Member] | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 0 | |
Significant Unobservable Inputs (Level 3) | Cross-currency interest rate swaps | Other current assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 0 | |
Significant Unobservable Inputs (Level 3) | Cross-currency interest rate swaps | Other current liabilities | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 0 | |
Significant Unobservable Inputs (Level 3) | Equity swap | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount recognized, derivative assets | 0 | |
Significant Unobservable Inputs (Level 3) | Fixed rate debt swapped to floating | Current portion of long-term debt | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 0 | 0 |
Significant Unobservable Inputs (Level 3) | Fixed rate debt swapped to floating | Long-term debt | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 0 | |
Significant Unobservable Inputs (Level 3) | Foreign Currency Denominated Debt [Member] | Long-term debt | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross amount, derivative liabilities | 0 | |
Interest Rate Swap [Member] | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments in marketable common stock | 5,000,000 | |
Interest Rate Swap [Member] | Quoted Prices in Active Markets (Level 1) | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments in marketable common stock | 0 | |
Interest Rate Swap [Member] | Significant Other Observable Inputs (Level 2) | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments in marketable common stock | 5,000,000 | |
Interest Rate Swap [Member] | Significant Unobservable Inputs (Level 3) | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments in marketable common stock | 0 | |
Available-for-sale Securities [Member] | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments in marketable common stock | 3,000,000 | 4,000,000 |
Available-for-sale Securities [Member] | Quoted Prices in Active Markets (Level 1) | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments in marketable common stock | 3,000,000 | 4,000,000 |
Available-for-sale Securities [Member] | Significant Other Observable Inputs (Level 2) | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments in marketable common stock | 0 | 0 |
Available-for-sale Securities [Member] | Significant Unobservable Inputs (Level 3) | Other noncurrent assets | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments in marketable common stock | $ 0 | $ 0 |
Fair Value Measurements Fair Value Disclosure, Additional Information (Details) € in Billions, ¥ in Billions |
Sep. 30, 2016
USD ($)
Swap
|
Sep. 30, 2016
EUR (€)
Swap
|
Sep. 30, 2016
JPY (¥)
Swap
|
Sep. 30, 2015
USD ($)
Swap
|
Sep. 30, 2015
EUR (€)
Swap
|
Sep. 30, 2015
JPY (¥)
Swap
|
Jun. 30, 2014
USD ($)
Swap
|
Sep. 30, 2013
USD ($)
Swap
|
---|---|---|---|---|---|---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Number of fixed to floating interest rate swaps outstanding | Swap | 8 | 8 | 8 | 12 | 12 | 12 | ||
Debt Instrument, Fair Value Disclosure | $ 9,300,000,000 | $ 6,700,000,000 | ||||||
5.5 % Due in 2016 | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | ||
2.6 % Due in 2017 | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | ||
1.4% Due in 2018 | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | ||
7.125 % Due in 2017 | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 7.125% | 7.125% | 7.125% | 7.125% | 7.125% | 7.125% | ||
Foreign Currency Denominated Debt [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Derivative, Notional Amount | € 1 | ¥ 37 | € 0 | ¥ 0 | ||||
Interest Rate Swap [Member] | 5.5 % Due in 2016 | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Derivative, Amount of Hedged Item | $ 800,000,000 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.50% | |||||||
Number of fixed to floating interest rate swaps outstanding | Swap | 4 | |||||||
Interest Rate Swap [Member] | 2.6 % Due in 2017 | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Derivative, Amount of Hedged Item | $ 400,000,000 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 2.60% | |||||||
Number of fixed to floating interest rate swaps outstanding | Swap | 4 | |||||||
Interest Rate Swap [Member] | 1.4% Due in 2018 | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Derivative, Amount of Hedged Item | $ 300,000,000 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 1.40% | |||||||
Number of fixed to floating interest rate swaps outstanding | Swap | 3 | |||||||
Interest Rate Swap [Member] | 7.125 % Due in 2017 | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Derivative, Amount of Hedged Item | $ 150,000,000 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 7.125% | |||||||
Number of fixed to floating interest rate swaps outstanding | Swap | 1 | |||||||
Cross-currency interest rate swaps | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Number of fixed to floating interest rate swaps outstanding | Swap | 0 | 0 | 0 | 4 | 4 | 4 | ||
Derivative, Notional Amount | $ 20,000,000,000 | |||||||
Unrealized Loss [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Available-for-sale Securities, Accumulated Gross Unrealized Gain (Loss), before Tax | $ 1,000,000 | |||||||
Unrealized Gains [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Available-for-sale Securities, Accumulated Gross Unrealized Gain (Loss), before Tax | $ 0 |
Stock-based Compensation (Details) $ / shares in Units, shares in Millions, $ in Millions |
12 Months Ended | |||
---|---|---|---|---|
Sep. 30, 2016
USD ($)
Plan
$ / shares
shares
|
Sep. 30, 2015
USD ($)
$ / shares
|
Sep. 30, 2014
USD ($)
$ / shares
|
Jan. 23, 2013
shares
|
|
Stock Based Compensation Activity [Line Items] | ||||
Shares authorized for issuance under 2012 Plan (in shares) | shares | 76 | |||
Shares available for issuance under the 2012 Plan (in shares) | shares | 46 | |||
Number of share-based compensation plans | Plan | 4 | |||
Compensation cost charged against income from share-based compensation plans | $ 138 | $ 85 | $ 81 | |
Total income tax benefit recognized for share-based compensation arrangements | $ 52 | $ 34 | $ 32 | |
Employee Stock Option | ||||
Stock Based Compensation Activity [Line Items] | ||||
Expiration period for stock options | 10 years | |||
Weighted-average grant-date fair value of options granted | $ / shares | $ 13.14 | $ 15.51 | $ 14.70 | |
Total intrinsic value of options exercised | $ 38 | $ 227 | $ 135 | |
Cash received from exercise of stock options granted | 67 | 275 | 186 | |
Tax benefit from the exercise of stock options, which is recorded in capital in excess of par | 11 | 59 | 34 | |
Total unrecognized compensation cost related to nonvested share-based compensation arrangements granted | $ 3 | |||
Weighted average period over which unrecognized compensation cost is expected to be recognized | 1 year 6 months | |||
Stock Appreciation Rights (SARs) | ||||
Stock Based Compensation Activity [Line Items] | ||||
Payments towards exercise of SARs granted | $ 8 | $ 19 | $ 21 | |
Restricted (Nonvested) Stock | ||||
Stock Based Compensation Activity [Line Items] | ||||
Total unrecognized compensation cost related to nonvested share-based compensation arrangements granted | $ 116 | |||
Weighted average period over which unrecognized compensation cost is expected to be recognized | 2 years | |||
Minimum | Employee Stock Option | ||||
Stock Based Compensation Activity [Line Items] | ||||
Vesting period | 2 years | |||
Maximum | Employee Stock Option | ||||
Stock Based Compensation Activity [Line Items] | ||||
Vesting period | 3 years | |||
Maximum | Restricted (Nonvested) Stock | ||||
Stock Based Compensation Activity [Line Items] | ||||
Vesting period | 3 years |
Stock-based Compensation Assumptions Used in Black-Scholes Option Valuation Model (Details) - Employee Stock Option |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Stock Based Compensation Activity [Line Items] | |||
Expected life of option (years) | 6 years 146 days | 6 years 7 months | 6 years 8 months |
Risk-free interest rate, minimum | 1.64% | 1.61% | |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum | 1.70% | 1.93% | |
Risk-free interest rate | 1.92% | ||
Expected volatility of the Company's stock | 36.00% | 36.00% | 36.00% |
Expected dividend yield on the Company's stock | 2.11% | 2.02% | 2.17% |
Stock-based Compensation Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Stock Based Compensation Activity [Line Items] | |||
Compensation cost charged against income from share-based compensation plans | $ 138 | $ 85 | $ 81 |
Employee Stock Option | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Grant Date Fair Value [Roll Forward] | |||
Weighted Average Option Price, Outstanding beginning balance | $ 31.17 | ||
Weighted Average Option Price, Granted | 43.83 | ||
Weighted Average Option Price, Exercised | 27.92 | ||
Weighted Average Option Price, Forfeited or expired | 42.90 | ||
Weighted Average Option Price, Outstanding ending balance | 32.74 | $ 31.17 | |
Weighted Average Option Price, Exercisable | $ 30.06 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | |||
Shares Subject to Option, Outstanding beginning balance | 13,039,240 | ||
Shares Subject to Option, Granted | 961,705 | ||
Shares Subject to Option, Exercised | 2,380,398 | ||
Shares Subject to Option, Forfeited or expired | (170,390) | ||
Shares Subject to Option, Outstanding ending balance | 11,450,157 | 13,039,240 | |
Shares Subject to Option, Exercisable | 9,623,505 | ||
Weighted Average Remaining Contractual Life (years), Outstanding | 4 years 329 days | ||
Weighted Average Remaining Contractual Life (years), Exercisable | 4 years 110 days | ||
Aggregate Intrinsic Value, Outstanding | $ 162 | ||
Aggregate Intrinsic Value, Exercisable | 159 | ||
Selling, general and administrative | |||
Stock Based Compensation Activity [Line Items] | |||
Compensation cost charged against income from share-based compensation plans | 123 | ||
Restructuring Charges [Member] | |||
Stock Based Compensation Activity [Line Items] | |||
Compensation cost charged against income from share-based compensation plans | $ 15 |
Stock-based Compensation Assumptions Used in Black-Scholes Stock Appreciation Rights Valuation Model (Details) |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Employee Stock Option | |||
Stock Based Compensation Activity [Line Items] | |||
Expected life of SAR (years) | 6 years 146 days | 6 years 7 months | 6 years 8 months |
Risk-free interest rate | 1.92% | ||
Risk-free interest rate, maximum | 1.70% | 1.93% | |
Expected volatility of the Company's stock | 36.00% | 36.00% | 36.00% |
Expected dividend yield on the Company's stock | 2.11% | 2.02% | 2.17% |
Stock Appreciation Rights (SARs) | |||
Stock Based Compensation Activity [Line Items] | |||
Risk-free interest rate, maximum | 1.04% | ||
Expected volatility of the Company's stock | 36.00% | ||
Expected dividend yield on the Company's stock | 2.11% | ||
Stock Appreciation Rights (SARs) | Minimum | |||
Stock Based Compensation Activity [Line Items] | |||
Expected life of SAR (years) | 182 days | ||
Stock Appreciation Rights (SARs) | Maximum | |||
Stock Based Compensation Activity [Line Items] | |||
Expected life of SAR (years) | 4 years 72 days |
Stock-based Compensation Summary of Stock Appreciation Rights Activity (Details) - Stock Appreciation Rights (SARs) $ / shares in Units, $ in Millions |
12 Months Ended |
---|---|
Sep. 30, 2016
USD ($)
$ / shares
shares
| |
Stock Based Compensation Activity [Line Items] | |
Risk-free interest rate, minimum | 45.00% |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Weighted Average Grant Date Fair Value [Roll Forward] | |
Weighted Average SAR Price, Outstanding beginning balance | $ / shares | $ 29.53 |
Weighted Average SAR Price, Granted | $ / shares | 43.86 |
Weighted Average SAR Price, Exercised | $ / shares | 27.41 |
Weighted Average SAR Price, Forfeited or expired | $ / shares | 36.33 |
Weighted Average SAR Price, Outstanding ending balance | $ / shares | 30.49 |
Weighted Average SAR Price, Exercisable | $ / shares | $ 29.23 |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding Roll Forward] | |
Shares Subject to SAR, Outstanding beginning balance | shares | 1,740,100 |
Shares Subject to SAR, Granted | shares | 54,749 |
Shares Subject to SAR, Exercised | shares | 494,480 |
Shares Subject to SAR, Forfeited or expired | shares | 99,204 |
Shares Subject to SAR, Outstanding ending balance | shares | 1,201,165 |
Shares Subject to SAR, Exercisable | shares | 1,114,543 |
Weighted Average Remaining Contractual Life (years), Outstanding | 4 years 219 days |
Weighted Average Remaining Contractual Life (years), Exercisable | 4 years 110 days |
Aggregate Intrinsic Value SAR, Outstanding | $ | $ 19 |
Aggregate Intrinsic Value SAR, Exercisable | $ | $ 19 |
Summary of Nonvested Restricted Stock Awards (Details) |
12 Months Ended |
---|---|
Sep. 30, 2016
$ / shares
shares
| |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |
Weighted Average Price, Vested | $ 30.73 |
Restricted (Nonvested) Stock | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |
Weighted Average Price, Nonvested, Outstanding beginning balance | 45.75 |
Weighted Average Price, Granted | 45.24 |
Weighted Average Price, Vested | 30.78 |
Weighted Average Price, Forfeited | 45.82 |
Weighted Average Price, Nonvested, Outstanding ending balance | $ 47.02 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
Shares/Units Subject to Restriction, Nonvested, Outstanding beginning balance | shares | 2,370,155 |
Shares/Units Subject to Restriction, Granted | shares | 3,666,989 |
Shares/Units Subject to Restriction, Vested | shares | (413,050) |
Shares/Units Subject to Restriction, Forfeited | shares | (352,949) |
Shares/Units Subject to Restriction, Outstanding ending balance | shares | 6,379,181 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Converted from Performance Shares in Period, Weighted Average Grant Date Fair Value | $ 49.20 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Converted from Performance Shares in Period | shares | 1,108,036 |
Stock-based Compensation Summary of Nonvested Performance Share Awards (Details) - $ / shares |
12 Months Ended | |
---|---|---|
Sep. 30, 2016 |
Sep. 02, 2016 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Weighted Average Price, Vested | $ 30.73 | |
Performance Shares | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Converted from Performance Shares in Period, Weighted Average Grant Date Fair Value | $ 49.20 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | (344,318) | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | ||
Weighted Average Price, Nonvested, Outstanding beginning balance | $ 42.33 | |
Weighted Average Price, Forfeited | 49.73 | |
Weighted Average Price, Nonvested | 42.33 | $ 49.20 |
Weighted Average Price, Nonvested, Outstanding ending balance | $ 0.00 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ||
Shares/Units Subject to Restriction, Nonvested, Outstanding beginning balance | 924,388 | |
Shares/Units Subject to Restriction, Forfeited | (21,305) | |
Shares/Units Subject to Restriction, Outstanding | 924,388 | 558,765 |
Shares/Units Subject to Restriction, Outstanding ending balance | 0 | |
Shares/Units Subject to Restricted, Converted to Restricted Stock, at Target | (558,765) |
Earnings Per Share (Details) - $ / shares |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Earnings Per Share [Abstract] | |||
Dividend declared | $ 1.16 | $ 1.04 | $ 0.88 |
Reconciliation of the numerators and denominators (Details) - USD ($) $ / shares in Units, $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Earnings Per Share [Abstract] | |||
Cash dividends common, per share | $ 1.16 | $ 1.04 | $ 0.88 |
Income (loss) from continuing operations | $ (847) | $ 1,439 | $ 1,404 |
Income Available to Common Shareholders | |||
Income (loss) from discontinued operations | 0 | (124) | 189 |
Net Income (Loss) Attributable to Parent | $ (847) | $ 1,563 | $ 1,215 |
Equity and Noncontrolling Interests Equity Attributable to Johnson Controls, Inc. and Noncontrolling Interests (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Equity [Line Items] | |||
Stock Repurchase Program, Authorized Amount | $ 3,650 | ||
Payments for Repurchase of Common Stock | 501 | $ 1,362 | $ 1,249 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||
Beginning balance | 10,335 | 11,270 | 12,273 |
Beginning balance | 163 | ||
Beginning balance | 10,498 | ||
Net income attributable to Johnson Controls, Inc. | (847) | 1,563 | 1,215 |
Foreign currency translation adjustments | (28) | (825) | (642) |
Realized and unrealized gains (losses) on marketable common stock | (1) | 0 | (7) |
Pension and postretirement plans | (1) | (10) | (5) |
Other comprehensive loss | (21) | (845) | (657) |
Comprehensive income (loss) attributable to Johnson Controls, Inc. | (877) | 743 | 560 |
Comprehensive income attributable to noncontrolling interest | 224 | 91 | 126 |
Total Comprehensive income (loss) | (653) | 834 | 686 |
Cash dividends - common stock | (752) | (681) | 586 |
Repurchases of common stock | (501) | (1,362) | (1,249) |
Stockholders Equity, Change due to Merger | (6,500) | ||
Other, including options exercised | (157) | (365) | (272) |
Ending balance | 1,862 | 10,335 | 11,270 |
Ending balance | 938 | 163 | |
Ending balance | 2,800 | 10,498 | |
Parent | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||
Beginning balance | 10,335 | 11,270 | 12,273 |
Net income attributable to Johnson Controls, Inc. | (847) | 1,563 | 1,215 |
Foreign currency translation adjustments | (39) | (799) | (640) |
Realized and unrealized gains (losses) on derivatives | 11 | (11) | (3) |
Realized and unrealized gains (losses) on marketable common stock | (1) | (7) | |
Pension and postretirement plans | (1) | (10) | (5) |
Other comprehensive loss | (30) | (820) | (655) |
Comprehensive income (loss) attributable to Johnson Controls, Inc. | (877) | 743 | 560 |
Cash dividends - common stock | (752) | (681) | (586) |
Dividends attributable to noncontrolling interests | 0 | 0 | 0 |
Repurchases of common stock | (501) | (1,362) | (1,249) |
Stockholders Equity, Change due to Merger | (6,500) | ||
Change in noncontrolling interest share | 0 | 0 | 0 |
Other, including options exercised | (157) | (365) | (272) |
Ending balance | 1,862 | 10,335 | 11,270 |
Nonredeemable Noncontrolling Interest | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||
Beginning balance | 163 | 251 | 260 |
Income from continuing operations attributable to noncontrolling interests | 167 | 65 | 90 |
Foreign currency translation adjustments | 9 | (3) | (2) |
Realized and unrealized gains (losses) on derivatives | (1) | 0 | 0 |
Realized and unrealized gains (losses) on marketable common stock | 0 | 0 | |
Pension and postretirement plans | 0 | 0 | 0 |
Other comprehensive loss | 8 | (3) | (2) |
Comprehensive income attributable to noncontrolling interest | 175 | 62 | 88 |
Cash dividends - common stock | 0 | 0 | 0 |
Dividends attributable to noncontrolling interests | (92) | (57) | (59) |
Repurchases of common stock | 0 | 0 | 0 |
Stockholders Equity, Change due to Merger | 0 | ||
Change in noncontrolling interest share | 692 | (93) | (32) |
Other, including options exercised | 0 | 0 | 6 |
Ending balance | 938 | 163 | 251 |
Stockholders' Equity, Total | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||
Beginning balance | 10,498 | 11,521 | 12,533 |
Net Income | (680) | 1,628 | 1,305 |
Foreign currency translation adjustments | (30) | (802) | (642) |
Realized and unrealized gains (losses) on derivatives | 10 | (11) | (3) |
Realized and unrealized gains (losses) on marketable common stock | (1) | (7) | |
Pension and postretirement plans | (1) | (10) | (5) |
Other comprehensive loss | (22) | (823) | (657) |
Total Comprehensive income (loss) | (702) | 805 | 648 |
Cash dividends - common stock | (752) | (681) | (586) |
Dividends attributable to noncontrolling interests | (92) | (57) | (59) |
Repurchases of common stock | (501) | (1,362) | (1,249) |
Stockholders Equity, Change due to Merger | (6,500) | ||
Change in noncontrolling interest share | 692 | (93) | (32) |
Other, including options exercised | (157) | (365) | (266) |
Ending balance | $ 2,800 | $ 10,498 | $ 11,521 |
Equity and Noncontrolling Interests Equity Attributable to Johnson Controls, Inc. and Noncontrolling Interests (Additional Information) (Details) - USD ($) $ / shares in Units, $ in Millions |
12 Months Ended | |||
---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
Dec. 31, 2015 |
|
Stockholders' Equity Note [Abstract] | ||||
Proceeds from Sale of Available-for-sale Securities, Equity | $ 25 | |||
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value | $ 691 | |||
Stock Repurchase Program, Authorized Amount | $ 3,650 | |||
Cash dividends common, per share | $ 1.16 | $ 1.04 | $ 0.88 | |
Repurchases of common stock | $ 501 | $ 1,362 | $ 1,249 | |
Available-for-sale Securities, Gross Realized Gains | $ 8 |
Equity and Noncontrolling Interests Changes in Redeemable Noncontrolling Interests (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward] | |||
Beginning balance | $ 212 | ||
Stockholders' Equity, Other | 157 | $ 365 | $ 272 |
Ending balance | 234 | 212 | |
Redeemable Noncontrolling Interests | |||
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward] | |||
Beginning balance | 212 | 194 | 157 |
Net income | 48 | 51 | 38 |
Foreign currency translation adjustments | 2 | (23) | 0 |
Realized and unrealized gains (losses) on derivatives | (1) | 1 | 0 |
Dividends | 27 | 11 | 7 |
Stockholders' Equity, Other | 0 | 0 | 6 |
Ending balance | 234 | 212 | 194 |
Parent | |||
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward] | |||
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent | 11 | (11) | (3) |
Change in noncontrolling interest share | 0 | 0 | 0 |
Stockholders' Equity, Other | $ 157 | $ 365 | $ 272 |
Equity and Noncontrolling Interests Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions |
12 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
||||||||||
Increase (Decrease) in Accumulated Other Comprehensive Income [Roll Forward] | ||||||||||||
Accumulated other comprehensive loss, end of period | $ (1,087) | $ (1,057) | $ (237) | |||||||||
Realized and unrealized gains (losses) on derivatives | ||||||||||||
Current period changes in fair value | 9 | (10) | (3) | |||||||||
Foreign Currency Translation | ||||||||||||
Foreign currency translation adjustments | ||||||||||||
Balance at beginning of period | (1,047) | (248) | 392 | |||||||||
Aggregate adjustment for the period | [1] | (39) | (799) | (640) | ||||||||
Balance at end of period | (1,086) | (1,047) | (248) | |||||||||
Aggregate adjustment for the period, tax | (3) | (44) | 7 | |||||||||
Realized And Unrealized Gains Losses On Derivatives | ||||||||||||
Realized and unrealized gains (losses) on derivatives | ||||||||||||
Balance at beginning of period | (7) | 4 | 7 | |||||||||
Current period changes in fair value | (10) | (17) | (3) | |||||||||
Reclassification to income | [2] | (21) | (6) | 0 | ||||||||
Balance at end of period | 4 | (7) | 4 | |||||||||
Current period changes in fair value, tax | (5) | (7) | (3) | |||||||||
Reclassification to income, tax | 11 | 3 | 0 | |||||||||
Unrealized Gain Loss On Marketable Common Stock | ||||||||||||
Realize and unrealized gains (losses) on marketable common stock | ||||||||||||
Balance at beginning of period | 0 | 0 | 7 | |||||||||
Current period changes in fair value | (1) | 0 | (1) | |||||||||
Reclassifications to income | [3] | 0 | 0 | (6) | ||||||||
Balance at end of period | (1) | 0 | 0 | |||||||||
Current period changes in fair value, tax | 0 | 0 | 0 | |||||||||
Reclassification to income, tax | 0 | 0 | (2) | |||||||||
Pension And Other Postretirement Benefit Plans Assets | ||||||||||||
Pension and postretirement plans | ||||||||||||
Balance at beginning of period | 3 | (7) | (12) | |||||||||
Reclassification to income | [4] | (1) | (11) | (4) | ||||||||
Other changes | 0 | 1 | (1) | |||||||||
Balance at end of period | 4 | 3 | (7) | |||||||||
Reclassification to income, tax | 0 | (3) | (3) | |||||||||
Other changes, tax | $ 0 | 0 | 0 | |||||||||
Global Workplace Solutions | Foreign Currency Translation | ||||||||||||
Foreign currency translation adjustments | ||||||||||||
Aggregate adjustment for the period | $ (19) | |||||||||||
Automotive Experience Electronics | Foreign Currency Translation | ||||||||||||
Foreign currency translation adjustments | ||||||||||||
Aggregate adjustment for the period | $ 203 | |||||||||||
|
Retirement Plans (Details) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016
USD ($)
Person
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2014
USD ($)
|
|
Retirement Plans [Line Items] | |||
Defined benefit plan, pension plans with accumulated benefit obligations in excess of plan assets, aggregate projected benefit obligation | $ 4,622 | $ 3,636 | |
Defined benefit plan, pension plans with accumulated benefit obligations in excess of plan assets, aggregate accumulated benefit obligation | 4,480 | 3,581 | |
Defined benefit plan, pension plans with accumulated benefit obligations in excess of plan assets, aggregate fair value of plan assets | 3,416 | 2,939 | |
Total employer and employee contributions to defined benefit plans | 136 | ||
Voluntary contributions made by the company to defined benefit plans | 34 | ||
Estimated future employer contributions to defined benefit plans in next fiscal year | $ 311 | ||
Modification in salaried plans to limit company's cost of future annual retiree medical benefits | 150.00% | ||
Projected prescription drug subsidy receipts per year over the next ten years | $ 2 | ||
Matching contributions charged to expense for defined contribution savings plans | $ 124 | 123 | $ 132 |
Number of multiemployer benefit plans in which the Company participates | Person | 275 | ||
Employer contributions to multiemployer pension plans | $ 45 | 45 | 44 |
Postretirement Benefits | |||
Retirement Plans [Line Items] | |||
Defined Benefit Plan, Benefit Obligation | 212 | $ 211 | $ 224 |
Total employer and employee contributions to defined benefit plans | $ 7 |
Retirement Plans Projected Benefit Payments from Plans (Details) $ in Millions |
12 Months Ended |
---|---|
Sep. 30, 2016
USD ($)
| |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
Estimated future employer contributions to defined benefit plans in next fiscal year | $ 311 |
Pension Benefits | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
2016 | 485 |
2017 | 233 |
2018 | 240 |
2019 | 242 |
2020 | 246 |
2021-2025 | 1,348 |
Postretirement Benefits | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
2016 | 18 |
2017 | 18 |
2018 | 18 |
2019 | 18 |
2020 | 17 |
2021-2025 | 76 |
Change in Assumptions for Pension Plans [Member] | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
Estimated future employer contributions to defined benefit plans in next fiscal year | $ 247 |
Plan Assets by Asset Category (Details) - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
---|---|---|---|
Retirement Plans [Line Items] | |||
Fair value of plan assets | $ 194 | ||
Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 10 | ||
Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 30 | ||
Small-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 10 | ||
International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 22 | ||
International - Emerging | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 10 | ||
Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 22 | ||
Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 67 | ||
Commodities | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 12 | ||
Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 11 | ||
U.S. Pension Plans | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | $ 2,593 | 2,606 | $ 2,504 |
U.S. Pension Plans | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 28 | 75 | |
U.S. Pension Plans | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 445 | 500 | |
U.S. Pension Plans | Small-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 241 | 235 | |
U.S. Pension Plans | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 517 | 472 | |
U.S. Pension Plans | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 271 | 248 | |
U.S. Pension Plans | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 745 | 753 | |
U.S. Pension Plans | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 346 | 323 | |
Non-U.S. Pension | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 1,407 | 1,177 | 1,201 |
Non-U.S. Pension | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 70 | 98 | |
Non-U.S. Pension | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 83 | 68 | |
Non-U.S. Pension | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 119 | 104 | |
Non-U.S. Pension | International - Emerging | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 19 | 16 | |
Non-U.S. Pension | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 543 | 441 | |
Non-U.S. Pension | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 341 | 220 | |
Non-U.S. Pension | Hedge Funds | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 169 | 172 | |
Non-U.S. Pension | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 63 | 58 | |
Postretirement Benefits | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 196 | 194 | 219 |
Postretirement Benefits | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 7 | ||
Postretirement Benefits | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 31 | ||
Postretirement Benefits | Small-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 10 | ||
Postretirement Benefits | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 23 | ||
Postretirement Benefits | International - Emerging | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 12 | ||
Postretirement Benefits | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 23 | ||
Postretirement Benefits | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 65 | ||
Postretirement Benefits | Commodities | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 12 | ||
Postretirement Benefits | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 13 | ||
Quoted Prices in Active Markets (Level 1) | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 194 | ||
Quoted Prices in Active Markets (Level 1) | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 10 | ||
Quoted Prices in Active Markets (Level 1) | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 30 | ||
Quoted Prices in Active Markets (Level 1) | Small-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 10 | ||
Quoted Prices in Active Markets (Level 1) | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 22 | ||
Quoted Prices in Active Markets (Level 1) | International - Emerging | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 10 | ||
Quoted Prices in Active Markets (Level 1) | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 22 | ||
Quoted Prices in Active Markets (Level 1) | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 67 | ||
Quoted Prices in Active Markets (Level 1) | Commodities | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 12 | ||
Quoted Prices in Active Markets (Level 1) | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 11 | ||
Quoted Prices in Active Markets (Level 1) | U.S. Pension Plans | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 2,113 | 2,114 | |
Quoted Prices in Active Markets (Level 1) | U.S. Pension Plans | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 28 | 75 | |
Quoted Prices in Active Markets (Level 1) | U.S. Pension Plans | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 445 | 500 | |
Quoted Prices in Active Markets (Level 1) | U.S. Pension Plans | Small-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 241 | 235 | |
Quoted Prices in Active Markets (Level 1) | U.S. Pension Plans | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 517 | 472 | |
Quoted Prices in Active Markets (Level 1) | U.S. Pension Plans | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 249 | 217 | |
Quoted Prices in Active Markets (Level 1) | U.S. Pension Plans | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 633 | 615 | |
Quoted Prices in Active Markets (Level 1) | U.S. Pension Plans | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Quoted Prices in Active Markets (Level 1) | Non-U.S. Pension | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 1,028 | 804 | |
Quoted Prices in Active Markets (Level 1) | Non-U.S. Pension | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 70 | 98 | |
Quoted Prices in Active Markets (Level 1) | Non-U.S. Pension | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 83 | 68 | |
Quoted Prices in Active Markets (Level 1) | Non-U.S. Pension | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 119 | 104 | |
Quoted Prices in Active Markets (Level 1) | Non-U.S. Pension | International - Emerging | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 19 | 16 | |
Quoted Prices in Active Markets (Level 1) | Non-U.S. Pension | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 412 | 319 | |
Quoted Prices in Active Markets (Level 1) | Non-U.S. Pension | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 314 | 192 | |
Quoted Prices in Active Markets (Level 1) | Non-U.S. Pension | Hedge Funds | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Quoted Prices in Active Markets (Level 1) | Non-U.S. Pension | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 11 | 7 | |
Quoted Prices in Active Markets (Level 1) | Postretirement Benefits | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 196 | ||
Quoted Prices in Active Markets (Level 1) | Postretirement Benefits | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 7 | ||
Quoted Prices in Active Markets (Level 1) | Postretirement Benefits | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 31 | ||
Quoted Prices in Active Markets (Level 1) | Postretirement Benefits | Small-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 10 | ||
Quoted Prices in Active Markets (Level 1) | Postretirement Benefits | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 23 | ||
Quoted Prices in Active Markets (Level 1) | Postretirement Benefits | International - Emerging | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 12 | ||
Quoted Prices in Active Markets (Level 1) | Postretirement Benefits | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 23 | ||
Quoted Prices in Active Markets (Level 1) | Postretirement Benefits | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 65 | ||
Quoted Prices in Active Markets (Level 1) | Postretirement Benefits | Commodities | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 12 | ||
Quoted Prices in Active Markets (Level 1) | Postretirement Benefits | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 13 | ||
Significant Other Observable Inputs (Level 2) | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Small-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | International - Emerging | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Commodities | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | U.S. Pension Plans | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 134 | 169 | |
Significant Other Observable Inputs (Level 2) | U.S. Pension Plans | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | U.S. Pension Plans | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | U.S. Pension Plans | Small-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | U.S. Pension Plans | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | U.S. Pension Plans | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 22 | 31 | |
Significant Other Observable Inputs (Level 2) | U.S. Pension Plans | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 112 | 138 | |
Significant Other Observable Inputs (Level 2) | U.S. Pension Plans | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Non-U.S. Pension | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 327 | 322 | |
Significant Other Observable Inputs (Level 2) | Non-U.S. Pension | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Non-U.S. Pension | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Non-U.S. Pension | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Non-U.S. Pension | International - Emerging | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Non-U.S. Pension | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 131 | 122 | |
Significant Other Observable Inputs (Level 2) | Non-U.S. Pension | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 27 | 28 | |
Significant Other Observable Inputs (Level 2) | Non-U.S. Pension | Hedge Funds | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 169 | 172 | |
Significant Other Observable Inputs (Level 2) | Non-U.S. Pension | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Postretirement Benefits | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Postretirement Benefits | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Significant Other Observable Inputs (Level 2) | Postretirement Benefits | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Postretirement Benefits | Small-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Postretirement Benefits | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Postretirement Benefits | International - Emerging | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Postretirement Benefits | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Postretirement Benefits | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Postretirement Benefits | Commodities | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Significant Other Observable Inputs (Level 2) | Postretirement Benefits | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Small-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | International - Emerging | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Commodities | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | U.S. Pension Plans | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 346 | 323 | 335 |
Fair Value, Inputs, Level 3 | U.S. Pension Plans | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Fair Value, Inputs, Level 3 | U.S. Pension Plans | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Fair Value, Inputs, Level 3 | U.S. Pension Plans | Small-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Fair Value, Inputs, Level 3 | U.S. Pension Plans | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Fair Value, Inputs, Level 3 | U.S. Pension Plans | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Fair Value, Inputs, Level 3 | U.S. Pension Plans | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Fair Value, Inputs, Level 3 | U.S. Pension Plans | Hedge Funds | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | 4 |
Fair Value, Inputs, Level 3 | U.S. Pension Plans | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 346 | 323 | 331 |
Fair Value, Inputs, Level 3 | Non-U.S. Pension | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 52 | 51 | 20 |
Fair Value, Inputs, Level 3 | Non-U.S. Pension | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Fair Value, Inputs, Level 3 | Non-U.S. Pension | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Fair Value, Inputs, Level 3 | Non-U.S. Pension | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Fair Value, Inputs, Level 3 | Non-U.S. Pension | International - Emerging | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Fair Value, Inputs, Level 3 | Non-U.S. Pension | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Fair Value, Inputs, Level 3 | Non-U.S. Pension | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | |
Fair Value, Inputs, Level 3 | Non-U.S. Pension | Hedge Funds | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 | Non-U.S. Pension | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 52 | $ 51 | $ 20 |
Fair Value, Inputs, Level 3 | Postretirement Benefits | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Postretirement Benefits | Cash | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Postretirement Benefits | Large-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Postretirement Benefits | Small-Cap | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Postretirement Benefits | International-Developed | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Postretirement Benefits | International - Emerging | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Postretirement Benefits | Government | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Postretirement Benefits | Corporate/Other | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Postretirement Benefits | Commodities | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | 0 | ||
Fair Value, Inputs, Level 3 | Postretirement Benefits | Real Estate | |||
Retirement Plans [Line Items] | |||
Fair value of plan assets | $ 0 |
Retirement Plans Summary of Changes in Fair Value of Assets Measured Using Significant Unobservable Inputs (Level 3) (Details) - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
|
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | $ 194 | |
Fair value of plan assets at end of year | $ 194 | |
Real Estate | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 11 | |
Fair value of plan assets at end of year | 11 | |
U.S. Pension Plans | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 2,606 | 2,504 |
Fair value of plan assets at end of year | 2,593 | 2,606 |
U.S. Pension Plans | Real Estate | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 323 | |
Fair value of plan assets at end of year | 346 | 323 |
Non-U.S. Pension | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 1,177 | 1,201 |
Fair value of plan assets at end of year | 1,407 | 1,177 |
Non-U.S. Pension | Hedge Funds | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 172 | |
Fair value of plan assets at end of year | 169 | 172 |
Non-U.S. Pension | Real Estate | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 58 | |
Fair value of plan assets at end of year | 63 | 58 |
Fair Value, Inputs, Level 3 | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 0 | |
Fair value of plan assets at end of year | 0 | |
Fair Value, Inputs, Level 3 | Real Estate | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 0 | |
Fair value of plan assets at end of year | 0 | |
Fair Value, Inputs, Level 3 | U.S. Pension Plans | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 323 | 335 |
Additions net of redemptions | (6) | (59) |
Realized gain | 13 | 28 |
Unrealized gain (loss) | 16 | 19 |
Fair value of plan assets at end of year | 346 | 323 |
Fair Value, Inputs, Level 3 | U.S. Pension Plans | Hedge Funds | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 0 | 4 |
Additions net of redemptions | 0 | (3) |
Realized gain | 0 | (1) |
Unrealized gain (loss) | 0 | 0 |
Fair value of plan assets at end of year | 0 | 0 |
Fair Value, Inputs, Level 3 | U.S. Pension Plans | Real Estate | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 323 | 331 |
Additions net of redemptions | (6) | (56) |
Realized gain | 13 | 29 |
Unrealized gain (loss) | 16 | 19 |
Fair value of plan assets at end of year | 346 | 323 |
Fair Value, Inputs, Level 3 | Non-U.S. Pension | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 51 | 20 |
Additions net of redemptions | 34 | |
Unrealized gain (loss) | 1 | (3) |
Fair value of plan assets at end of year | 52 | 51 |
Fair Value, Inputs, Level 3 | Non-U.S. Pension | Hedge Funds | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 0 | 0 |
Additions net of redemptions | 0 | |
Unrealized gain (loss) | 0 | 0 |
Fair value of plan assets at end of year | 0 | 0 |
Fair Value, Inputs, Level 3 | Non-U.S. Pension | Real Estate | ||
Retirement Plans [Line Items] | ||
Fair value of plan assets at beginning of year | 51 | 20 |
Additions net of redemptions | 34 | |
Unrealized gain (loss) | 1 | (3) |
Fair value of plan assets at end of year | $ 52 | $ 51 |
Retirement Plans Accumulated Benefit Obligations and Reconciliations of Changes in Projected Benefit Obligation, Changes in Plan Assets and Funded Status (Details) - USD ($) $ in Millions |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | $ 194 | |||||
Fair value of plan assets at end of year | $ 194 | |||||
U.S. Pension Plans | ||||||
Retirement Plans [Line Items] | ||||||
Accumulated Benefit Obligation | 3,158 | 2,985 | ||||
Change in Projected Benefit Obligation | ||||||
Projected benefit obligation at beginning of year | 3,022 | 2,875 | ||||
Service cost | 16 | 31 | $ 70 | |||
Interest cost | 101 | 122 | 138 | |||
Plan participant contributions | 0 | 0 | ||||
Acquisitions | 0 | 0 | ||||
Divestitures | 0 | 0 | ||||
Actuarial (gain) loss | 369 | 203 | ||||
Estimated subsidy received | 0 | 0 | ||||
Curtailment | 0 | 0 | ||||
Other | 0 | 0 | ||||
Currency translation adjustment | 0 | 0 | ||||
Projected benefit obligation at end of year | 3,209 | 3,022 | 2,875 | |||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 2,606 | 2,504 | ||||
Actual return on plan assets | 270 | (4) | ||||
Acquisitions | 0 | 0 | ||||
Divestitures | 0 | 0 | ||||
Employer and employee contributions | 16 | 315 | ||||
Benefits paid | (122) | (201) | ||||
Settlement payments | (177) | (8) | ||||
Other | 0 | 0 | ||||
Currency translation adjustment | 0 | 0 | ||||
Fair value of plan assets at end of year | 2,593 | 2,606 | 2,504 | |||
Funded status | (616) | (416) | ||||
Amounts recognized in the statement of financial position consist of: | ||||||
Prepaid benefit cost | 22 | 17 | ||||
Accrued benefit liability | (638) | (433) | ||||
Net amount recognized | $ (616) | $ (416) | ||||
Weighted Average Assumptions | ||||||
Discount rate | [1] | 3.70% | 4.40% | |||
Rate of compensation increase | 3.20% | 3.25% | ||||
Postretirement Benefits | ||||||
Retirement Plans [Line Items] | ||||||
Accumulated Benefit Obligation | $ 0 | $ 0 | ||||
Change in Projected Benefit Obligation | ||||||
Projected benefit obligation at beginning of year | 211 | 224 | ||||
Service cost | 2 | 3 | 5 | |||
Interest cost | 6 | 9 | 12 | |||
Plan participant contributions | 6 | 6 | ||||
Acquisitions | 2 | 0 | ||||
Divestitures | 0 | 0 | ||||
Actuarial (gain) loss | 6 | 0 | ||||
Estimated subsidy received | 1 | 1 | ||||
Curtailment | 0 | 0 | ||||
Other | 0 | (4) | ||||
Currency translation adjustment | 0 | (4) | ||||
Projected benefit obligation at end of year | 212 | 211 | 224 | |||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 194 | 219 | ||||
Actual return on plan assets | 17 | (9) | ||||
Acquisitions | 0 | 0 | ||||
Divestitures | 0 | 0 | ||||
Employer and employee contributions | 7 | 8 | ||||
Benefits paid | (22) | (24) | ||||
Settlement payments | 0 | 0 | ||||
Other | 0 | 0 | ||||
Currency translation adjustment | 0 | 0 | ||||
Fair value of plan assets at end of year | 196 | 194 | 219 | |||
Funded status | (16) | (17) | ||||
Amounts recognized in the statement of financial position consist of: | ||||||
Prepaid benefit cost | 53 | 37 | ||||
Accrued benefit liability | (69) | (54) | ||||
Net amount recognized | $ (16) | $ (17) | ||||
Weighted Average Assumptions | ||||||
Discount rate | [1] | 3.35% | 3.75% | |||
Non-U.S. Pension | ||||||
Retirement Plans [Line Items] | ||||||
Accumulated Benefit Obligation | $ 1,821 | $ 1,388 | ||||
Change in Projected Benefit Obligation | ||||||
Projected benefit obligation at beginning of year | 1,447 | 1,572 | ||||
Service cost | 29 | 32 | 38 | |||
Interest cost | 42 | 57 | 71 | |||
Plan participant contributions | 1 | 1 | ||||
Acquisitions | 279 | 0 | ||||
Divestitures | 0 | (18) | ||||
Actuarial (gain) loss | 329 | 7 | ||||
Estimated subsidy received | 0 | 0 | ||||
Curtailment | 0 | 5 | ||||
Other | (1) | 43 | ||||
Currency translation adjustment | (58) | (159) | ||||
Projected benefit obligation at end of year | 1,957 | 1,447 | 1,572 | |||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 1,177 | 1,201 | ||||
Actual return on plan assets | 102 | 48 | ||||
Acquisitions | 180 | 0 | ||||
Divestitures | 0 | (10) | ||||
Employer and employee contributions | 121 | 81 | ||||
Benefits paid | (54) | (55) | ||||
Settlement payments | (57) | (10) | ||||
Other | (1) | 39 | ||||
Currency translation adjustment | (61) | (117) | ||||
Fair value of plan assets at end of year | 1,407 | 1,177 | $ 1,201 | |||
Funded status | (550) | (270) | ||||
Amounts recognized in the statement of financial position consist of: | ||||||
Prepaid benefit cost | 31 | 30 | ||||
Accrued benefit liability | (581) | (300) | ||||
Net amount recognized | $ (550) | $ (270) | ||||
Weighted Average Assumptions | ||||||
Discount rate | [1] | 1.80% | 3.15% | |||
Rate of compensation increase | 2.75% | 3.00% | ||||
Other noncurrent assets | U.S. Pension Plans | ||||||
Change in Projected Benefit Obligation | ||||||
Benefits and settlements paid | $ 299 | $ 209 | ||||
Other noncurrent assets | Postretirement Benefits | ||||||
Change in Projected Benefit Obligation | ||||||
Benefits and settlements paid | 22 | 24 | ||||
Other noncurrent assets | Non-U.S. Pension | ||||||
Change in Projected Benefit Obligation | ||||||
Benefits and settlements paid | 111 | 65 | ||||
Fair Value, Inputs, Level 1 [Member] | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 194 | |||||
Fair value of plan assets at end of year | 194 | |||||
Fair Value, Inputs, Level 1 [Member] | U.S. Pension Plans | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 2,114 | |||||
Fair value of plan assets at end of year | 2,113 | 2,114 | ||||
Fair Value, Inputs, Level 1 [Member] | Postretirement Benefits | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at end of year | 196 | |||||
Fair Value, Inputs, Level 1 [Member] | Non-U.S. Pension | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 804 | |||||
Fair value of plan assets at end of year | 1,028 | 804 | ||||
Fair Value, Inputs, Level 2 [Member] | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 0 | |||||
Fair value of plan assets at end of year | 0 | |||||
Fair Value, Inputs, Level 2 [Member] | U.S. Pension Plans | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 169 | |||||
Fair value of plan assets at end of year | 134 | 169 | ||||
Fair Value, Inputs, Level 2 [Member] | Postretirement Benefits | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at end of year | 0 | |||||
Fair Value, Inputs, Level 2 [Member] | Non-U.S. Pension | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 322 | |||||
Fair value of plan assets at end of year | 327 | 322 | ||||
Hedge Funds | Non-U.S. Pension | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 172 | |||||
Fair value of plan assets at end of year | 169 | 172 | ||||
Hedge Funds | Fair Value, Inputs, Level 1 [Member] | Non-U.S. Pension | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 0 | |||||
Fair value of plan assets at end of year | 0 | 0 | ||||
Hedge Funds | Fair Value, Inputs, Level 2 [Member] | Non-U.S. Pension | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 172 | |||||
Fair value of plan assets at end of year | 169 | 172 | ||||
Cash | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 10 | |||||
Fair value of plan assets at end of year | 10 | |||||
Cash | U.S. Pension Plans | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 75 | |||||
Fair value of plan assets at end of year | 28 | 75 | ||||
Cash | Postretirement Benefits | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at end of year | 7 | |||||
Cash | Non-U.S. Pension | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 98 | |||||
Fair value of plan assets at end of year | 70 | 98 | ||||
Cash | Fair Value, Inputs, Level 1 [Member] | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 10 | |||||
Fair value of plan assets at end of year | 10 | |||||
Cash | Fair Value, Inputs, Level 1 [Member] | U.S. Pension Plans | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 75 | |||||
Fair value of plan assets at end of year | 28 | 75 | ||||
Cash | Fair Value, Inputs, Level 1 [Member] | Postretirement Benefits | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at end of year | 7 | |||||
Cash | Fair Value, Inputs, Level 1 [Member] | Non-U.S. Pension | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 98 | |||||
Fair value of plan assets at end of year | 70 | 98 | ||||
Cash | Fair Value, Inputs, Level 2 [Member] | U.S. Pension Plans | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 0 | |||||
Fair value of plan assets at end of year | 0 | 0 | ||||
Cash | Fair Value, Inputs, Level 2 [Member] | Postretirement Benefits | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 0 | |||||
Fair value of plan assets at end of year | 0 | 0 | ||||
Cash | Fair Value, Inputs, Level 2 [Member] | Non-U.S. Pension | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 0 | |||||
Fair value of plan assets at end of year | 0 | 0 | ||||
Real Estate | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 11 | |||||
Fair value of plan assets at end of year | 11 | |||||
Real Estate | U.S. Pension Plans | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 323 | |||||
Fair value of plan assets at end of year | 346 | 323 | ||||
Real Estate | Postretirement Benefits | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at end of year | 13 | |||||
Real Estate | Non-U.S. Pension | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 58 | |||||
Fair value of plan assets at end of year | 63 | 58 | ||||
Real Estate | Fair Value, Inputs, Level 1 [Member] | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 11 | |||||
Fair value of plan assets at end of year | 11 | |||||
Real Estate | Fair Value, Inputs, Level 1 [Member] | U.S. Pension Plans | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 0 | |||||
Fair value of plan assets at end of year | 0 | 0 | ||||
Real Estate | Fair Value, Inputs, Level 1 [Member] | Postretirement Benefits | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at end of year | 13 | |||||
Real Estate | Fair Value, Inputs, Level 1 [Member] | Non-U.S. Pension | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 7 | |||||
Fair value of plan assets at end of year | 11 | 7 | ||||
Real Estate | Fair Value, Inputs, Level 2 [Member] | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 0 | |||||
Fair value of plan assets at end of year | 0 | |||||
Real Estate | Fair Value, Inputs, Level 2 [Member] | U.S. Pension Plans | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 0 | |||||
Fair value of plan assets at end of year | 0 | 0 | ||||
Real Estate | Fair Value, Inputs, Level 2 [Member] | Postretirement Benefits | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at end of year | 0 | |||||
Real Estate | Fair Value, Inputs, Level 2 [Member] | Non-U.S. Pension | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 0 | |||||
Fair value of plan assets at end of year | 0 | 0 | ||||
Commodities | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 12 | |||||
Fair value of plan assets at end of year | 12 | |||||
Commodities | Postretirement Benefits | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at end of year | 12 | |||||
Commodities | Fair Value, Inputs, Level 1 [Member] | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 12 | |||||
Fair value of plan assets at end of year | 12 | |||||
Commodities | Fair Value, Inputs, Level 1 [Member] | Postretirement Benefits | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at end of year | 12 | |||||
Commodities | Fair Value, Inputs, Level 2 [Member] | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at beginning of year | 0 | |||||
Fair value of plan assets at end of year | 0 | |||||
Commodities | Fair Value, Inputs, Level 2 [Member] | Postretirement Benefits | ||||||
Change in Plan Assets | ||||||
Fair value of plan assets at end of year | 0 | |||||
Continuing Operations [Member] | Non-U.S. Pension | ||||||
Change in Projected Benefit Obligation | ||||||
Service cost | 29 | 25 | ||||
Interest cost | $ 42 | $ 46 | ||||
|
Amounts in Accumulated Other Comprehensive Income, Exclusive of Tax Impacts, that have not yet been Recognized as Components of Net Periodic Benefit Costs (Details) $ in Millions |
Sep. 30, 2016
USD ($)
|
---|---|
Pension Benefits | |
Accumulated other comprehensive loss (income) | |
Net transition obligation | $ (1) |
Net prior service credit | 4 |
Total | 5 |
Postretirement Benefits | |
Accumulated other comprehensive loss (income) | |
Net transition obligation | 0 |
Net prior service credit | 0 |
Total | $ 0 |
Amounts in Accumulated Other Comprehensive Income Expected to be Recognized as Components of Net Periodic Benefit Cost over Next Fiscal Year (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Amortization of: | |||
Defined Benefit Plan, Amortization of Gains (Losses) | $ 551 | $ 422 | $ 237 |
Pension Benefits | |||
Amortization of: | |||
Net transition obligation | 0 | ||
Net prior service credit | 1 | ||
Total | 1 | ||
Non-U.S. Pension | |||
Retirement Plans [Line Items] | |||
Service cost | 29 | 32 | 38 |
Amortization of: | |||
Interest cost | 42 | 57 | 71 |
Defined Benefit Plan, Expected Return on Plan Assets | (56) | (71) | (75) |
Defined Benefit Plan, Amortization of Gains (Losses) | 277 | 14 | 172 |
Amortization of prior service cost (credit) | 1 | (1) | (1) |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Curtailments | 0 | (15) | (2) |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements | 6 | 0 | 1 |
Defined Benefit Plan, Net Periodic Benefit Cost | $ 299 | $ 16 | $ 204 |
Discount rate | 3.15% | 3.00% | 3.60% |
Expected return on plan assets | 4.45% | 4.50% | 4.75% |
Rate of compensation increase | 3.30% | 2.60% | 2.60% |
Postretirement Benefits | |||
Retirement Plans [Line Items] | |||
Service cost | $ 2 | $ 3 | $ 5 |
Amortization of: | |||
Net transition obligation | 0 | ||
Net prior service credit | 0 | ||
Total | 0 | ||
Interest cost | 6 | 9 | 12 |
Defined Benefit Plan, Expected Return on Plan Assets | (10) | (12) | (12) |
Defined Benefit Plan, Amortization of Gains (Losses) | (1) | 21 | (24) |
Amortization of prior service cost (credit) | (1) | (1) | (7) |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Curtailments | 0 | 0 | 0 |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements | 0 | 0 | 0 |
Defined Benefit Plan, Net Periodic Benefit Cost | $ (4) | $ 20 | $ (26) |
Discount rate | 3.75% | 4.35% | 4.90% |
Expected return on plan assets | 5.45% | 5.75% | 5.80% |
U.S. Pension Plans | |||
Retirement Plans [Line Items] | |||
Service cost | $ 16 | $ 31 | $ 70 |
Amortization of: | |||
Interest cost | 101 | 122 | 138 |
Defined Benefit Plan, Expected Return on Plan Assets | (187) | (181) | (207) |
Defined Benefit Plan, Amortization of Gains (Losses) | 275 | 387 | 126 |
Amortization of prior service cost (credit) | 0 | 0 | 1 |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Curtailments | 0 | 0 | 0 |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements | 11 | 1 | 15 |
Defined Benefit Plan, Net Periodic Benefit Cost | $ 216 | $ 360 | $ 143 |
Discount rate | 4.40% | 4.35% | 4.90% |
Expected return on plan assets | 7.50% | 7.50% | 8.00% |
Rate of compensation increase | 3.25% | 3.25% | 3.30% |
Discontinued Operations | Non-U.S. Pension | |||
Amortization of: | |||
Defined Benefit Plan, Net Periodic Benefit Cost | $ 0 | $ 14 | $ (38) |
Discontinued Operations | Postretirement Benefits | |||
Amortization of: | |||
Defined Benefit Plan, Net Periodic Benefit Cost | 0 | 0 | 0 |
Discontinued Operations | U.S. Pension Plans | |||
Amortization of: | |||
Defined Benefit Plan, Net Periodic Benefit Cost | 0 | 0 | 0 |
Continuing Operations [Member] | Non-U.S. Pension | |||
Retirement Plans [Line Items] | |||
Service cost | 29 | 25 | |
Amortization of: | |||
Interest cost | 42 | 46 | |
Defined Benefit Plan, Net Periodic Benefit Cost | 299 | 30 | 166 |
Continuing Operations [Member] | Postretirement Benefits | |||
Amortization of: | |||
Defined Benefit Plan, Net Periodic Benefit Cost | (4) | 20 | (26) |
Continuing Operations [Member] | U.S. Pension Plans | |||
Amortization of: | |||
Defined Benefit Plan, Net Periodic Benefit Cost | $ 216 | $ 360 | $ 143 |
Retirement Plans Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Components of Net Periodic Benefit Cost: | |||
Net actuarial (gain) loss | $ (551) | $ (422) | $ (237) |
U.S. Pension Plans | |||
Components of Net Periodic Benefit Cost: | |||
Service cost | 16 | 31 | 70 |
Interest cost | 101 | 122 | 138 |
Expected return on plan assets | (187) | (181) | (207) |
Net actuarial (gain) loss | (275) | (387) | (126) |
Amortization of prior service cost (credit) | 0 | 0 | 1 |
Curtailment gain | 0 | 0 | 0 |
Settlement (gain) loss | 11 | 1 | 15 |
Net periodic benefit cost (credit) | $ (216) | $ (360) | $ (143) |
Expense Assumptions: | |||
Discount rate | 4.40% | 4.35% | 4.90% |
Expected return on plan assets | 7.50% | 7.50% | 8.00% |
Rate of compensation increase | 3.25% | 3.25% | 3.30% |
Non-U.S. Pension | |||
Components of Net Periodic Benefit Cost: | |||
Service cost | $ 29 | $ 32 | $ 38 |
Interest cost | 42 | 57 | 71 |
Expected return on plan assets | (56) | (71) | (75) |
Net actuarial (gain) loss | (277) | (14) | (172) |
Amortization of prior service cost (credit) | 1 | (1) | (1) |
Curtailment gain | 0 | (15) | (2) |
Settlement (gain) loss | 6 | 0 | 1 |
Net periodic benefit cost (credit) | $ (299) | $ (16) | $ (204) |
Expense Assumptions: | |||
Discount rate | 3.15% | 3.00% | 3.60% |
Expected return on plan assets | 4.45% | 4.50% | 4.75% |
Rate of compensation increase | 3.30% | 2.60% | 2.60% |
Postretirement Benefits | |||
Components of Net Periodic Benefit Cost: | |||
Service cost | $ 2 | $ 3 | $ 5 |
Interest cost | 6 | 9 | 12 |
Expected return on plan assets | (10) | (12) | (12) |
Net actuarial (gain) loss | 1 | (21) | 24 |
Amortization of prior service cost (credit) | (1) | (1) | (7) |
Curtailment gain | 0 | 0 | 0 |
Settlement (gain) loss | 0 | 0 | 0 |
Net periodic benefit cost (credit) | $ 4 | $ (20) | $ 26 |
Expense Assumptions: | |||
Discount rate | 3.75% | 4.35% | 4.90% |
Expected return on plan assets | 5.45% | 5.75% | 5.80% |
Discontinued Operations | U.S. Pension Plans | |||
Components of Net Periodic Benefit Cost: | |||
Net periodic benefit cost (credit) | $ 0 | $ 0 | $ 0 |
Discontinued Operations | Non-U.S. Pension | |||
Components of Net Periodic Benefit Cost: | |||
Net periodic benefit cost (credit) | 0 | (14) | 38 |
Discontinued Operations | Postretirement Benefits | |||
Components of Net Periodic Benefit Cost: | |||
Net periodic benefit cost (credit) | 0 | 0 | 0 |
Continuing Operations [Member] | U.S. Pension Plans | |||
Components of Net Periodic Benefit Cost: | |||
Net periodic benefit cost (credit) | (216) | (360) | (143) |
Continuing Operations [Member] | Non-U.S. Pension | |||
Components of Net Periodic Benefit Cost: | |||
Service cost | 29 | 25 | |
Interest cost | 42 | 46 | |
Net periodic benefit cost (credit) | (299) | (30) | (166) |
Continuing Operations [Member] | Postretirement Benefits | |||
Components of Net Periodic Benefit Cost: | |||
Net periodic benefit cost (credit) | $ 4 | $ (20) | $ 26 |
Significant Restructuring and Impairment Costs (Detail) $ in Millions |
3 Months Ended | 12 Months Ended | 48 Months Ended | |||||
---|---|---|---|---|---|---|---|---|
Sep. 30, 2016
USD ($)
Plant
Employees
|
Jun. 30, 2016
USD ($)
|
Mar. 31, 2016
USD ($)
|
Sep. 30, 2016
USD ($)
Plant
Employees
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2014
USD ($)
|
Sep. 30, 2013
USD ($)
|
Sep. 30, 2016
Plant
Employees
|
|
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | $ 535 | $ 397 | $ 324 | |||||
Number of employees to be severed | Employees | 18,400 | |||||||
Restructuring and Related Cost, Number of Positions Eliminated, Inception to Date | Employees | 11,800 | 11,800 | 11,800 | |||||
Restructuring And Related Cost Expected Number Of Plants To Be Closed | Plant | 29 | |||||||
Number Of Plants Closed | Plant | 12 | 12 | 12 | |||||
Automotive Experience | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Number of employees to be severed | Employees | 11,200 | |||||||
Restructuring And Related Cost Expected Number Of Plants To Be Closed | Plant | 22 | |||||||
Building Efficiency | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Number of employees to be severed | Employees | 6,200 | |||||||
Restructuring And Related Cost Expected Number Of Plants To Be Closed | Plant | 7 | |||||||
Power Solutions | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | $ 66 | 11 | 16 | |||||
Number of employees to be severed | Employees | 900 | |||||||
2016 Restructuring Plan [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 535 | |||||||
2016 Restructuring Plan [Member] | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | $ 204 | $ 102 | $ 229 | 535 | ||||
2016 Restructuring Plan [Member] | Employee Severance | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 308 | |||||||
2015 Restructuring Plan | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 397 | |||||||
2015 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 397 | |||||||
2015 Restructuring Plan | Employee Severance | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 191 | |||||||
2014 Restructuring Plan | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 377 | |||||||
2014 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 324 | |||||||
2014 Restructuring Plan | Employee Severance | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 191 | |||||||
2014 Restructuring Plan | Automotive Experience Electronics | Discontinued Operations | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 53 | |||||||
2013 Restructuring Plan | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | $ 985 | |||||||
2013 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 903 | |||||||
2013 Restructuring Plan | Discontinued Operations | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 82 | |||||||
2013 Restructuring Plan | Employee Severance | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 392 | |||||||
2013 Restructuring Plan | Automotive Experience Electronics | Discontinued Operations | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 28 | |||||||
2013 Restructuring Plan | Global Workplace Solutions | Discontinued Operations | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 54 | |||||||
Building Efficiency Systems and Service North America [Member] | Building Efficiency | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 2 | 3 | 12 | |||||
Building Efficiency Systems and Service North America [Member] | 2016 Restructuring Plan [Member] | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 2 | |||||||
Building Efficiency Systems and Service North America [Member] | 2015 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 3 | |||||||
Building Efficiency Systems and Service North America [Member] | 2014 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 12 | |||||||
Building Efficiency Systems and Service North America [Member] | 2013 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 35 | |||||||
Corporate | 2016 Restructuring Plan [Member] | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 115 | |||||||
Corporate | 2015 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 166 | |||||||
Corporate | 2014 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 7 | |||||||
Corporate | 2013 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 17 | |||||||
Automotive Experience Interiors | 2016 Restructuring Plan [Member] | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 17 | |||||||
Automotive Experience Interiors | 2014 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 130 | |||||||
Automotive Experience Interiors | 2013 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 560 | |||||||
Building Efficiency Other | Building Efficiency | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 16 | 13 | 119 | |||||
Building Efficiency Other | 2016 Restructuring Plan [Member] | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 16 | |||||||
Building Efficiency Other | 2015 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 13 | |||||||
Building Efficiency Other | 2014 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 119 | |||||||
Building Efficiency Other | 2013 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 70 | |||||||
Building Efficiency Products North America [Member] | 2016 Restructuring Plan [Member] | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 9 | |||||||
Building Efficiency Products North America [Member] | 2015 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 11 | |||||||
Building Efficiency Products North America [Member] | 2014 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 7 | |||||||
Building Efficiency Products North America [Member] | 2013 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 28 | |||||||
Automotive Experience Seating | 2016 Restructuring Plan [Member] | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 284 | |||||||
Automotive Experience Seating | 2015 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 182 | |||||||
Automotive Experience Seating | 2014 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 29 | |||||||
Automotive Experience Seating | 2013 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 152 | |||||||
Power Solutions | 2016 Restructuring Plan [Member] | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 66 | |||||||
Power Solutions | 2015 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 11 | |||||||
Power Solutions | 2014 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 16 | |||||||
Power Solutions | 2013 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 36 | |||||||
Building Efficiency Asia | Building Efficiency | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | 26 | 11 | 4 | |||||
Building Efficiency Asia | 2016 Restructuring Plan [Member] | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | $ 26 | |||||||
Building Efficiency Asia | 2015 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | $ 11 | |||||||
Building Efficiency Asia | 2014 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | $ 4 | |||||||
Building Efficiency Asia | 2013 Restructuring Plan | Continuing Operations [Member] | ||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||
Restructuring and impairment costs | $ 5 |
Significant Restructuring and Impairment Costs (Changes in Company's Restructuring Reserve) (Detail) $ in Millions |
3 Months Ended | 12 Months Ended | 48 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016
USD ($)
Plant
Employees
|
Jun. 30, 2016
USD ($)
|
Mar. 31, 2016
USD ($)
|
Sep. 30, 2016
USD ($)
Plant
Employees
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2014
USD ($)
|
Sep. 30, 2013
USD ($)
|
Sep. 30, 2016
USD ($)
Plant
Employees
|
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Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | $ 535 | $ 397 | $ 324 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and Related Cost, Expected Number of Positions Eliminated | Employees | 18,400 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and Related Cost, Number of Positions Eliminated, Inception to Date | Employees | 11,800 | 11,800 | 11,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring And Related Cost Expected Number Of Plants To Be Closed | Plant | 29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number Of Plants Closed | Plant | 12 | 12 | 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfer From Held for Sale | Employee Severance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Reserve, Accrual Adjustment | 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2016 Restructuring Plan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | $ 535 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | (29) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | (197) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | $ 309 | 309 | $ 309 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2016 Restructuring Plan [Member] | Fixed Asset Impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 190 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | (190) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2016 Restructuring Plan [Member] | Other Restructuring [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | (8) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 29 | 29 | 29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2016 Restructuring Plan [Member] | Currency Translation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 1 | 1 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2016 Restructuring Plan [Member] | Employee Severance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 308 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | (29) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 279 | 279 | 279 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2016 Restructuring Plan [Member] | Continuing Operations [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 204 | $ 102 | $ 229 | $ 535 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2015 Restructuring Plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | The following table summarizes the changes in the Company’s 2015 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 397 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | $ 214 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | (97) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | (183) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 117 | 117 | 214 | 117 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2015 Restructuring Plan | Fixed Asset Impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 183 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | (183) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2015 Restructuring Plan | Other Restructuring [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | 23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | (23) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 0 | 0 | 23 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2015 Restructuring Plan | Employee Severance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 191 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | 191 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | (74) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 117 | $ 117 | 191 | 117 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2015 Restructuring Plan | Continuing Operations [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 397 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 Restructuring Plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | The following table summarizes the changes in the Company’s 2014 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 377 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | $ 99 | 182 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | (74) | (70) | (8) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | (2) | (13) | (187) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 23 | 23 | 99 | 182 | 23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 Restructuring Plan | Fixed Asset Impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 134 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | 0 | 0 | (134) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 Restructuring Plan | Goodwill Impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 47 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | 0 | 0 | (47) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 Restructuring Plan | Other Restructuring [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | 0 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | 0 | (5) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 0 | 0 | 0 | 5 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 Restructuring Plan | Currency Translation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | (19) | (6) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | (2) | (13) | (6) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | (21) | (21) | (19) | (6) | (21) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 Restructuring Plan | Employee Severance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 191 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | 118 | 183 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | (74) | (65) | (8) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 44 | $ 44 | 118 | 183 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 Restructuring Plan | Continuing Operations [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 324 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | The following table summarizes the changes in the Company’s 2013 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | $ 985 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | $ 68 | 191 | 342 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | (43) | (113) | (147) | (26) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | (1) | (10) | (11) | (586) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 24 | 24 | 68 | 191 | 342 | 24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Fixed Asset Impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 156 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | 0 | 0 | 0 | (156) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Goodwill Impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 430 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | 0 | 0 | 0 | (430) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Other Restructuring [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | 0 | 0 | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | 0 | 0 | (3) | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | 0 | 0 | 0 | (4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | 0 | 0 | 0 | 0 | 3 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Currency Translation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | (17) | (7) | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | (1) | (10) | (11) | (4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | (18) | (18) | (17) | (7) | 4 | (18) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Employee Severance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | 392 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, beginning balance | 85 | 198 | 335 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - cash | (43) | (113) | (144) | (26) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Utilized - noncash | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring reserve, ending balance | $ 42 | $ 42 | 85 | 198 | 335 | $ 42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Transfer To Held for Sale [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Reserve, Accrual Adjustment | (24) | (31) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Transfer To Held for Sale [Member] | Fixed Asset Impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Reserve, Accrual Adjustment | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Transfer To Held for Sale [Member] | Goodwill Impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Reserve, Accrual Adjustment | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Transfer To Held for Sale [Member] | Other Restructuring [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Reserve, Accrual Adjustment | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Transfer To Held for Sale [Member] | Currency Translation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Reserve, Accrual Adjustment | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Transfer To Held for Sale [Member] | Employee Severance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Reserve, Accrual Adjustment | (24) | (31) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Continuing Operations [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | $ 903 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Transfer From Held for Sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Reserve, Accrual Adjustment | 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Transfer From Held for Sale | Fixed Asset Impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Reserve, Accrual Adjustment | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Transfer From Held for Sale | Goodwill Impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Reserve, Accrual Adjustment | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Transfer From Held for Sale | Other Restructuring [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Reserve, Accrual Adjustment | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Transfer From Held for Sale | Currency Translation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Reserve, Accrual Adjustment | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Restructuring Plan | Transfer From Held for Sale | Employee Severance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Reserve, Accrual Adjustment | 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Automotive Experience | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and Related Cost, Expected Number of Positions Eliminated | Employees | 11,200 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring And Related Cost Expected Number Of Plants To Be Closed | Plant | 22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and Related Cost, Expected Number of Positions Eliminated | Employees | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Building Efficiency | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and Related Cost, Expected Number of Positions Eliminated | Employees | 6,200 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring And Related Cost Expected Number Of Plants To Be Closed | Plant | 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Power Solutions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and impairment costs | $ 66 | $ 11 | $ 16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and Related Cost, Expected Number of Positions Eliminated | Employees | 900 |
Impairment of Long-Lived Assets (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Sep. 30, 2014 |
Jun. 30, 2014 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | $ 197 | $ 183 | $ 181 | |||||
2016 Restructuring Plan [Member] | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | $ 110 | $ 51 | $ 29 | 190 | ||||
2016 Restructuring Plan [Member] | Power Solutions | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | 64 | |||||||
2016 Restructuring Plan [Member] | Building Efficiency Other | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | 3 | |||||||
2016 Restructuring Plan [Member] | Corporate | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | 55 | |||||||
2016 Restructuring Plan [Member] | Automotive Experience Seating | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | 55 | |||||||
2016 Restructuring Plan [Member] | Building Efficiency Products North America [Member] | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | 8 | |||||||
2016 Restructuring Plan [Member] | Building Efficiency Asia | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | 4 | |||||||
2016 Restructuring Plan [Member] | Automotive Experience Interiors | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | $ 1 | |||||||
2015 Restructuring Plan [Member] | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | 183 | |||||||
2015 Restructuring Plan [Member] | Building Efficiency Other | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | 16 | |||||||
2015 Restructuring Plan [Member] | Building Efficiency Systems and Service North America [Member] | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | 1 | |||||||
2015 Restructuring Plan [Member] | Corporate | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | 139 | |||||||
2015 Restructuring Plan [Member] | Automotive Experience Seating | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | $ 27 | |||||||
2014 Restructuring Plan | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | $ 46 | $ 45 | 91 | |||||
2014 Restructuring Plan | Building Efficiency Other | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | 34 | |||||||
2014 Restructuring Plan | Corporate | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | 5 | |||||||
2014 Restructuring Plan | Automotive Experience Seating | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | 7 | |||||||
2014 Restructuring Plan | Automotive Experience Interiors | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | $ 45 | |||||||
2014 Restructuring Plan | Discontinued Operations | Automotive Experience Electronics | ||||||||
Impairment of Long Lived Assets [Line Items] | ||||||||
Asset Impairment Charges | $ 43 |
Income Taxes Significant Components of Company's Income Tax Provision from Continuing Operations (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2016 |
Mar. 31, 2016 |
Sep. 30, 2014 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Income Tax Disclosure [Abstract] | ||||||
Tax expense at federal statutory rate | $ 570 | $ 753 | $ 671 | |||
State income taxes, net of federal benefit | 3 | (23) | 7 | |||
Foreign income tax expense at different rates and foreign losses without tax benefits | (165) | (198) | (196) | |||
U.S. tax on foreign income | (354) | (203) | (222) | |||
Reserve and valuation allowance adjustments | 0 | (99) | 34 | |||
U.S. credits and incentives | (20) | (12) | (9) | |||
Business divestitures | 2,141 | 354 | 71 | |||
Restructuring and impairment costs | 113 | 52 | 75 | |||
Change in assertion over permanently reinvested earnings | $ 780 | |||||
Other | $ (85) | $ (51) | (29) | (24) | (24) | |
Income tax provision | $ 2,259 | $ 600 | $ 407 |
Income Taxes Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Income Tax Disclosure [Abstract] | ||||
Beginning balance | $ 1,159 | $ 1,607 | $ 1,302 | |
Additions for tax positions related to the current year | 465 | 329 | 315 | |
Additions for tax positions of prior years | 15 | 23 | 31 | |
Reductions for tax positions of prior years | (66) | (118) | (27) | |
Settlements with taxing authorities | (104) | (541) | (9) | |
Statute closings | (30) | (18) | (5) | |
Audit Resolutions | $ (99) | 0 | 123 | 0 |
Ending balance | $ 1,159 | $ 1,439 | $ 1,159 | $ 1,607 |
Income Taxes Tax Jurisdictions and Years Currently under Audit Exam (Details) $ in Millions |
12 Months Ended |
---|---|
Sep. 30, 2016
USD ($)
| |
Income Tax Examination [Line Items] | |
Income Tax Examination, estimate of impact | $ 100 |
Earliest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Expiration period of net operating loss carryforwards | Dec. 31, 2017 |
Latest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Expiration period of net operating loss carryforwards | Dec. 31, 2036 |
United States | Earliest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2013 |
United States | Latest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2014 |
CANADA | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2014 |
France | Earliest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2011 |
France | Latest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2015 |
Germany | Earliest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2007 |
Germany | Latest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2012 |
Korea | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2015 |
POLAND | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2015 |
SPAIN | Earliest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2011 |
SPAIN | Latest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2014 |
United Kingdom | Earliest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2011 |
United Kingdom | Latest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2014 |
Examination Period One | Brazil | Earliest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2004 |
Examination Period One | Brazil | Latest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2008 |
Examination Period One | Italy | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2006 |
Examination Period Two | Brazil | Earliest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2011 |
Examination Period Two | Brazil | Latest Tax Year [Member] | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2012 |
Examination Period Two | Italy | |
Income Tax Examination [Line Items] | |
Tax jurisdictions and years currently under audit exam | 2011 |
Income Taxes Components of Provision for Income Taxes on Continuing Operations (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2016 |
Mar. 31, 2016 |
Sep. 30, 2014 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Components of Income Tax [Line Items] | ||||||
Income from Continuing Operations before Income Taxes, Domestic | $ 1,108 | $ 1,051 | $ 1,370 | |||
Current | ||||||
Federal | 1,972 | (477) | 109 | |||
State | 101 | (21) | 15 | |||
Foreign | 1,390 | 906 | 585 | |||
Total | 3,463 | 408 | 709 | |||
Deferred | ||||||
Federal | (502) | 201 | (175) | |||
State | (51) | (31) | (6) | |||
Foreign | (651) | 22 | (121) | |||
Total | (1,204) | 192 | (302) | |||
Income tax provision | 2,259 | 600 | 407 | |||
Income (Loss) from Continuing Operations before Income Taxes, Foreign | 519 | 1,100 | 546 | |||
Income Taxes Paid | 1,380 | 1,163 | 782 | |||
Undistributed Earnings of Foreign Subsidiaries | 5,500 | |||||
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount | $ 780 | |||||
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount | $ (85) | $ (51) | $ (29) | (24) | (24) | |
Global Workplace Solutions | ||||||
Deferred | ||||||
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount | $ 680 | $ 35 |
Income Taxes Deferred Taxes Classified in Consolidated Statements of Financial Position (Detail) - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
---|---|---|
Income Tax Disclosure [Abstract] | ||
Other noncurrent assets | $ 2,818 | $ 1,873 |
Other noncurrent liabilities | (464) | (391) |
Net deferred tax asset | $ 2,354 | $ 1,482 |
Income Taxes Temporary Differences And Carryforwards in Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
---|---|---|
Deferred tax assets | ||
Accrued expenses and reserves | $ 1,024 | $ 210 |
Employee and retiree benefits | 482 | 270 |
Net operating loss and other credit carryforwards | 1,871 | 2,471 |
Research and development | 94 | 64 |
Joint ventures and partnerships | 396 | 231 |
Deferred Tax Assets, Other | 26 | 16 |
Gross deferred tax assets | 3,893 | 3,262 |
Valuation allowances | (1,157) | (1,256) |
Net deferred tax assets | 2,736 | 2,006 |
Net deferred tax asset | 2,354 | 1,482 |
Deferred tax liabilities | ||
Property, plant and equipment | 166 | 124 |
Intangible assets | 216 | 400 |
Net deferred tax liabilities | $ 382 | $ 524 |
Income Taxes Valuation Allowance, Additional Details (Details) - USD ($) $ in Millions |
3 Months Ended | |||
---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
Dec. 31, 2013 |
|
Income Tax Disclosure [Abstract] | ||||
Valuation Allowance, Deferred Tax Asset, Increase, Amount | $ 0 | $ 0 | $ 34 | $ 21 |
Income Taxes Uncertain Tax Position, Additional Information (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
Sep. 30, 2013 |
|
Income Tax Disclosure [Abstract] | |||||
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities | $ (440) | ||||
Unrecognized Tax Benefits, Decrease (Increase) Resulting from Tax Audit Resolution | $ 99 | 0 | $ (123) | $ 0 | |
Unrecognized Tax Benefits | 1,159 | 1,439 | 1,159 | 1,607 | $ 1,302 |
Amount of unrecognized tax benefits which may impact effective tax rate | 1,104 | 1,336 | 1,104 | 1,457 | |
Total net accrued interest, net of tax benefit | $ 41 | $ 65 | $ 41 | $ 106 |
Income Taxes Other Tax Matters (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Sep. 30, 2014 |
Jun. 30, 2014 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Other Tax Matters [Line Items] | ||||||||||
Nondeductible expense related to restructuring and impairment | $ 113 | $ 52 | $ 75 | |||||||
Income tax provision | 2,259 | 600 | 407 | |||||||
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount | $ (85) | $ (51) | (29) | (24) | (24) | |||||
Restructuring and impairment costs | 535 | 397 | 324 | |||||||
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount | $ 780 | |||||||||
Global Workplace Solutions | ||||||||||
Other Tax Matters [Line Items] | ||||||||||
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount | 680 | 35 | ||||||||
Discontinued Operation, Income from Discontinued Operation, before Income Tax | $ 1,203 | $ 119 | ||||||||
Headliner and Sunvisor [Member] | ||||||||||
Other Tax Matters [Line Items] | ||||||||||
(Loss) on divestiture | $ 95 | |||||||||
Income tax expense from disposal | $ 38 | |||||||||
Automotive Experience Interiors | Yanfeng Automotive Trim Systems [Member] | ||||||||||
Other Tax Matters [Line Items] | ||||||||||
Discontinued Operation, Income from Discontinued Operation, before Income Tax | $ (145) | |||||||||
Discontinued Operation, Gain on Disposal of Discontinued Operation, Net of Tax | 38 | |||||||||
Automotive Experience Interiors | Interiors | ||||||||||
Other Tax Matters [Line Items] | ||||||||||
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount | $ 223 | $ 75 | ||||||||
2016 Restructuring Plan [Member] | ||||||||||
Other Tax Matters [Line Items] | ||||||||||
Restructuring and impairment costs | 535 | |||||||||
Tyco Merger [Member] | ||||||||||
Other Tax Matters [Line Items] | ||||||||||
Income tax provision | $ 129 | |||||||||
Adient spin-off | ||||||||||
Other Tax Matters [Line Items] | ||||||||||
Income tax provision | 121 | |||||||||
Substantial business reorganizations [Member] | ||||||||||
Other Tax Matters [Line Items] | ||||||||||
Income tax provision | 121 | |||||||||
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount | $ 1,891 |
Income Taxes Changes in Tax Legislation and Statutory Tax Rate (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |
---|---|---|---|
Mar. 31, 2015 |
Dec. 31, 2013 |
Sep. 30, 2016 |
|
Mexico | Change in Tax Law [Member] | |||
Change in Tax Legislation and Statutory Tax Rates [Line Items] | |||
Effective Income Tax Rate Reconciliation, Tax Contingency, Amount | $ 25 | ||
JAPAN | |||
Change in Tax Legislation and Statutory Tax Rates [Line Items] | |||
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount | $ 17 | ||
Earliest Tax Year [Member] | |||
Change in Tax Legislation and Statutory Tax Rates [Line Items] | |||
Tax Credit Carryforward, Expiration Date | Dec. 31, 2020 | ||
Latest Tax Year [Member] | |||
Change in Tax Legislation and Statutory Tax Rates [Line Items] | |||
Tax Credit Carryforward, Expiration Date | Dec. 31, 2024 |
Income Taxes Income Taxes, Continuing Operations (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Income Tax, Continuing Operations [Line Items] | |||
Taxes Payable, Current | $ 1,444 | $ 337 | |
Deferred Tax Liabilities, Undistributed Foreign Earnings | 24 | ||
Operating Loss Carryforwards | 5,200 | ||
Income from Continuing Operations before Income Taxes, Domestic | 1,108 | $ 1,051 | $ 1,370 |
Net Operating Loss Carry Forwards That Will Expire | 2,400 | ||
Tax Credit Carryforward, Amount | $ 80 | ||
Earliest Tax Year [Member] | |||
Income Tax, Continuing Operations [Line Items] | |||
Expiration period of net operating loss carryforwards | Dec. 31, 2017 | ||
Tax Credit Carryforward, Expiration Date | Dec. 31, 2020 | ||
Latest Tax Year [Member] | |||
Income Tax, Continuing Operations [Line Items] | |||
Expiration period of net operating loss carryforwards | Dec. 31, 2036 | ||
Tax Credit Carryforward, Expiration Date | Dec. 31, 2024 |
Segment Information (Details) |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016
Person
Segment
|
Sep. 30, 2015
Person
|
Sep. 30, 2014
Person
|
|
Segment Reporting Information [Line Items] | |||
Number of reportable segments | 7 | ||
Number of primary businesses | 3 | ||
Percentage of individual customer sales to consolidated net sales threshold for disclosure as major customer | 10.00% | 10.00% | 10.00% |
Number of customers that individually accounted for 10 % or more of consolidated net sales | Person | 0 | 0 | 0 |
Segment Information Financial Information Related to Company's Reportable Segments (Details) - USD ($) $ in Millions |
12 Months Ended | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Net Sales | $ 36,866 | $ 37,179 | $ 38,749 | |||||||||||||||||
Segment Income | 3,040 | 3,258 | 2,721 | |||||||||||||||||
Net financing charges | (300) | (288) | (244) | |||||||||||||||||
Interest Expense, Related Party | (27) | 0 | 0 | |||||||||||||||||
Restructuring and impairment costs | (535) | (397) | (324) | |||||||||||||||||
Equity income in segment income | 530 | 375 | 395 | |||||||||||||||||
Net mark-to-market adjustments on pension and postretirement plans | 551 | 422 | 237 | |||||||||||||||||
Income from continuing operations before income taxes | 1,627 | 2,151 | 1,916 | |||||||||||||||||
Total assets | 35,000 | 29,622 | 32,812 | |||||||||||||||||
Assets held for sale | 17 | 55 | 2,787 | |||||||||||||||||
Depreciation and amortization | 900 | 860 | 955 | |||||||||||||||||
Capital expenditures | 1,227 | 1,135 | 1,199 | |||||||||||||||||
Building Efficiency | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Net Sales | 13,376 | 10,510 | 10,085 | |||||||||||||||||
Segment Income | 1,036 | 923 | 817 | |||||||||||||||||
Total assets | 11,658 | 9,383 | 9,558 | |||||||||||||||||
Depreciation and amortization | 280 | 197 | 160 | |||||||||||||||||
Capital expenditures | 376 | 268 | 239 | |||||||||||||||||
Building Efficiency | Building Efficiency Systems and Service North America [Member] | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Net Sales | 4,292 | 4,184 | 4,098 | |||||||||||||||||
Segment Income | [1] | 412 | 375 | 354 | ||||||||||||||||
Restructuring and impairment costs | (2) | (3) | (12) | |||||||||||||||||
Total assets | 2,338 | 2,332 | 2,341 | |||||||||||||||||
Depreciation and amortization | 38 | 32 | 32 | |||||||||||||||||
Capital expenditures | 15 | 22 | 27 | |||||||||||||||||
Building Efficiency | Building Efficiency Products North America [Domain] | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Restructuring and impairment costs | (9) | (11) | (7) | |||||||||||||||||
Building Efficiency | Building Efficiency Products North America [Member] | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Net Sales | 2,488 | 2,450 | 1,807 | |||||||||||||||||
Segment Income | [2] | 173 | 306 | 238 | ||||||||||||||||
Equity income in segment income | 10 | 9 | 7 | |||||||||||||||||
Total assets | 4,236 | 4,193 | 4,157 | |||||||||||||||||
Depreciation and amortization | 116 | 119 | 79 | |||||||||||||||||
Capital expenditures | 217 | 160 | 123 | |||||||||||||||||
Building Efficiency | Global Workplace Solutions | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Capital expenditures | 0 | 16 | 16 | |||||||||||||||||
Building Efficiency | Building Efficiency Asia | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Net Sales | 4,830 | 1,985 | 2,077 | |||||||||||||||||
Segment Income | [3] | 431 | 191 | 270 | ||||||||||||||||
Restructuring and impairment costs | (26) | (11) | (4) | |||||||||||||||||
Equity income in segment income | 100 | 21 | ||||||||||||||||||
Total assets | 3,668 | 1,387 | 1,418 | |||||||||||||||||
Depreciation and amortization | 107 | 27 | 24 | |||||||||||||||||
Capital expenditures | 119 | 32 | 39 | |||||||||||||||||
Building Efficiency | Building Efficiency Other | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Net Sales | 1,766 | 1,891 | 2,103 | |||||||||||||||||
Segment Income | [4] | 20 | 51 | (45) | ||||||||||||||||
Restructuring and impairment costs | (16) | (13) | (119) | |||||||||||||||||
Equity income in segment income | 15 | 14 | 7 | |||||||||||||||||
Total assets | 1,416 | 1,471 | 1,642 | |||||||||||||||||
Depreciation and amortization | 19 | 19 | 25 | |||||||||||||||||
Capital expenditures | 25 | 38 | 34 | |||||||||||||||||
Automotive Experience | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Net Sales | 16,837 | 20,079 | 22,032 | |||||||||||||||||
Segment Income | 751 | 1,182 | 852 | |||||||||||||||||
Total assets | 10,152 | 9,876 | 9,290 | |||||||||||||||||
Depreciation and amortization | 368 | 366 | 456 | |||||||||||||||||
Capital expenditures | 447 | 558 | 632 | |||||||||||||||||
Automotive Experience | Seating | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Net Sales | 16,355 | 16,539 | 17,531 | |||||||||||||||||
Segment Income | [5] | 676 | 928 | 853 | ||||||||||||||||
Restructuring and impairment costs | (284) | (182) | (29) | |||||||||||||||||
Equity income in segment income | 289 | 264 | 250 | |||||||||||||||||
Total assets | 8,888 | 8,611 | 8,969 | |||||||||||||||||
Depreciation and amortization | 355 | 345 | 328 | |||||||||||||||||
Capital expenditures | 444 | 437 | 420 | |||||||||||||||||
Automotive Experience | Interiors | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Net Sales | 482 | 3,540 | 4,501 | |||||||||||||||||
Segment Income | [6] | 75 | 254 | (1) | ||||||||||||||||
Restructuring and impairment costs | (17) | (130) | ||||||||||||||||||
Equity income in segment income | 68 | 31 | 35 | |||||||||||||||||
Total assets | [7] | 1,264 | 1,265 | 321 | ||||||||||||||||
Depreciation and amortization | 13 | 21 | 128 | |||||||||||||||||
Capital expenditures | 3 | 121 | 181 | |||||||||||||||||
Automotive Experience | Automotive Experience Electronics | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Capital expenditures | 0 | 0 | 31 | |||||||||||||||||
Power Solutions | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Net Sales | 6,653 | 6,590 | 6,632 | |||||||||||||||||
Segment Income | [8] | 1,253 | 1,153 | 1,052 | ||||||||||||||||
Restructuring and impairment costs | (66) | (11) | (16) | |||||||||||||||||
Equity income in segment income | 48 | 57 | 75 | |||||||||||||||||
Total assets | 6,859 | 6,590 | 6,888 | |||||||||||||||||
Depreciation and amortization | 252 | 297 | 315 | |||||||||||||||||
Capital expenditures | 404 | 309 | 328 | |||||||||||||||||
Unallocated | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Total assets | 6,314 | 3,718 | 4,289 | |||||||||||||||||
Discontinued Operations | ||||||||||||||||||||
Segment Information [Line Items] | ||||||||||||||||||||
Depreciation and amortization | $ 0 | $ 0 | $ 24 | |||||||||||||||||
|
Segment Information Financial Information Related to Company's Reportable Segments (Additional Information) (Details) $ in Millions |
3 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2016
USD ($)
|
Sep. 30, 2016
USD ($)
Segment
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2014
USD ($)
|
|
Segment Information [Line Items] | ||||
Number of reportable segments | Segment | 7 | |||
Restructuring and impairment costs | $ 535 | $ 397 | $ 324 | |
Equity income in segment income | 530 | 375 | 395 | |
Gain (loss) on business divestitures - net | 26 | 1,340 | (111) | |
Power Solutions | ||||
Segment Information [Line Items] | ||||
Restructuring and impairment costs | 66 | 11 | 16 | |
Equity income in segment income | 48 | 57 | 75 | |
Building Efficiency Systems and Service North America [Member] | ||||
Segment Information [Line Items] | ||||
Gain (loss) on business divestitures - net | $ 14 | |||
Building Efficiency Systems and Service North America [Member] | Building Efficiency | ||||
Segment Information [Line Items] | ||||
Restructuring and impairment costs | 2 | 3 | 12 | |
Building Efficiency Asia | Building Efficiency | ||||
Segment Information [Line Items] | ||||
Restructuring and impairment costs | 26 | 11 | 4 | |
Equity income in segment income | 100 | 21 | ||
Building Efficiency Other | Building Efficiency | ||||
Segment Information [Line Items] | ||||
Restructuring and impairment costs | 16 | 13 | 119 | |
Equity income in segment income | 15 | 14 | 7 | |
Seating | Automotive Experience | ||||
Segment Information [Line Items] | ||||
Restructuring and impairment costs | 284 | 182 | 29 | |
Equity income in segment income | 289 | 264 | 250 | |
Interiors | Automotive Experience | ||||
Segment Information [Line Items] | ||||
Restructuring and impairment costs | 17 | 130 | ||
Equity income in segment income | $ 68 | $ 31 | $ 35 |
Segment Information Geographic Segments (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Geographic Area Information [Line Items] | |||
Net Sales | $ 36,866 | $ 37,179 | $ 38,749 |
Long-Lived Assets (Year-end) | 6,649 | 5,870 | 6,314 |
United States | |||
Geographic Area Information [Line Items] | |||
Net Sales | 15,809 | 16,841 | 16,596 |
Long-Lived Assets (Year-end) | 2,783 | 2,681 | 2,762 |
Germany | |||
Geographic Area Information [Line Items] | |||
Net Sales | 3,296 | 3,375 | 3,853 |
Long-Lived Assets (Year-end) | 632 | 680 | 910 |
Mexico | |||
Geographic Area Information [Line Items] | |||
Net Sales | 1,628 | 1,933 | 2,001 |
Long-Lived Assets (Year-end) | 684 | 594 | 567 |
JAPAN | |||
Geographic Area Information [Line Items] | |||
Net Sales | 2,262 | 753 | 1,064 |
Long-Lived Assets (Year-end) | 253 | 74 | 77 |
Other European Countries | |||
Geographic Area Information [Line Items] | |||
Net Sales | 6,709 | 7,320 | 8,913 |
Long-Lived Assets (Year-end) | 1,054 | 1,006 | 1,064 |
Other Foreign | |||
Geographic Area Information [Line Items] | |||
Net Sales | 7,162 | 6,957 | 6,322 |
Long-Lived Assets (Year-end) | $ 1,243 | $ 835 | $ 934 |
Nonconsolidated Partially-Owned Affiliates (Detail) |
12 Months Ended |
---|---|
Sep. 30, 2016 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Percentage of results of operations | 100.00% |
Nonconsolidated Partially-Owned Affiliates Summarized Balance Sheet Data (Detail) - Equity Method Investments - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
---|---|---|
Equity Method Investments, Summarized Balance Sheet Information [Line Items] | ||
Current Assets | $ 9,102 | $ 7,083 |
Noncurrent assets | 4,164 | 3,294 |
Total assets | 13,266 | 10,377 |
Current liabilities | 7,678 | 6,268 |
Noncurrent liabilities | 752 | 604 |
Noncontrolling interests | 78 | 20 |
Shareholders' equity | 4,758 | 3,485 |
Total liabilities and shareholders' equity | $ 13,266 | $ 10,377 |
Nonconsolidated Partially-Owned Affiliates Summarized Income Statement Data (Detail) - Equity Method Investments - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Equity Method Investments, Summarized Income Statement Information [Line Items] | |||
Net sales | $ 21,427 | $ 12,922 | $ 10,820 |
Gross profit | 3,116 | 1,911 | 1,638 |
Net income | 1,567 | 890 | 790 |
Income attributable to noncontrolling interests | 26 | 10 | 3 |
Net income attributable to the entity | $ 1,541 | $ 880 | $ 787 |
Commitments and Contingencies (Detail) - USD ($) $ in Millions |
Sep. 30, 2016 |
Sep. 30, 2015 |
---|---|---|
Loss Contingencies [Line Items] | ||
Insurable liabilities | $ 181 | $ 194 |
Reserves for environmental liabilities | 27 | 23 |
Accrued Environmental Loss Contingencies, Current | 4 | |
Accrued Environmental Loss Contingencies, Noncurrent | 23 | |
Conditional asset retirement obligations | 71 | 59 |
Liability for Asbestos and Environmental Claims, Gross | 116 | |
Other Current Liabilities [Member] | ||
Loss Contingencies [Line Items] | ||
Insurable liabilities | 30 | 28 |
Liability for Asbestos and Environmental Claims, Gross | 7 | |
Accrued Compensation and Benefits [Member] | ||
Loss Contingencies [Line Items] | ||
Insurable liabilities | 15 | 25 |
Other Noncurrent Liabilities [Member] | ||
Loss Contingencies [Line Items] | ||
Insurable liabilities | 136 | 141 |
Liability for Asbestos and Environmental Claims, Gross | $ 109 | $ 136 |
Related Party Transactions (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Related Party Transaction [Line Items] | |||
Net sales to related parties | $ 1,300 | $ 1,300 | $ 1,200 |
Purchases from related parties | 500 | 400 | $ 400 |
Receivable from related parties | 239 | 389 | |
Payable to related parties | $ 92 | $ 285 |
Subsequent Event (Details) - Adient spin-off |
Oct. 31, 2016
shares
|
---|---|
Subsequent Event [Line Items] | |
Subsequent Event, Date | Oct. 31, 2016 |
Adient shares received per 10 shares of Johnson Controls shares | 1 |
Johnson Controls shares converted into one share of Adient | 10 |
Valuation and Qualifying Accounts Schedule II (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
Accounts Receivable - Allowance for Doubtful Accounts | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance at beginning of period | $ 82 | $ 72 | $ 68 |
Provision charged to costs and expenses | 59 | 41 | 50 |
Reserve adjustments | (16) | (15) | (22) |
Accounts charged off | (21) | (16) | (19) |
Acquisition of businesses | 12 | 1 | 1 |
Currency translation | 0 | (1) | (1) |
Transfers to held for sale | 0 | 0 | 5 |
Balance at end of period | 116 | 82 | 72 |
Deferred Tax Assets - Valuation Allowance | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance at beginning of period | 1,256 | 1,285 | 1,172 |
Acquisition of businesses | 54 | 0 | 0 |
Allowance provision for new operating and other loss carryforwards | 121 | 23 | 121 |
Allowance provision benefits | 274 | 52 | 8 |
Balance at end of period | $ 1,157 | $ 1,256 | $ 1,285 |
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