TYCO INTERNATIONAL FINANCE S.A.

Tyco International Finance S.A. ("TIFSA"), a 100% owned subsidiary of the Company, has public debt securities outstanding which are fully and unconditionally guaranteed by Johnson Controls and by Tyco Fire & Security Finance S.C.A. ("TIFSCA"), a wholly owned subsidiary of the Company and parent company TIFSA. The following tables present condensed consolidating financial information for Johnson Controls, TIFSCA, TIFSA and all other subsidiaries. Condensed financial information for the Company, TIFSCA and TIFSA on a stand-alone basis is presented using the equity method of accounting for subsidiaries.

The TIFSA public debt securities were assumed as part of the Tyco acquisition. Therefore, no consolidating financial information for the years ended September 30, 2015 and September 30, 2014 is presented related to the guarantee of the TIFSA public debt securities. Additional information regarding TIFSA and TIFSCA for the fiscal year ended September 25, 2015 and the period ended June 24, 2016 can be found in Tyco's Annual Report on Form 10-K filed with the SEC on November 13, 2015 (as recast in part in Tyco's Current Report on Form 8-K filed with the SEC on March 11, 2016) and Tyco's Quarterly report on Form 10-Q filed with the SEC on July 29, 2016, respectively.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Year Ended September 30, 2016

($ in millions)



	Johnson Controls International plc			Tyco Fire & Security Finance SCA			Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments		Total

Net sales	$	—		$	—		$	—		$	37,674		$	—	$	37,674
Cost of sales	—			—			—			30,360			—		30,360

Gross profit	—			—			—			7,314			—		7,314

Selling, general and administrative expenses	(2		)	(2		)	(1		)	(5,320		)	—		(5,325		)
Restructuring and impairment costs	—			—			—			(620		)	—		(620		)
Net financing charges	—			—			(6		)	(308		)	—		(314		)
Equity income (loss)	(894		)	(1,527		)	(313		)	531			2,734		531
Intercompany interest and fees	28			—			7			(35		)	—		—

Income (loss) from continuing operations before income taxes	(868		)	(1,529		)	(313		)	1,562			2,734		1,586

Income tax provision	—			—			—			2,238			—		2,238

Income (loss) from continuing operations	(868		)	(1,529		)	(313		)	(676		)	2,734		(652		)

Net income (loss)	(868		)	(1,529		)	(313		)	(676		)	2,734		(652		)

Income from continuing operations attributable to noncontrolling interests	—			—			—			216			—		216

Net income (loss) attributable to Johnson Controls	$	(868	)	$	(1,529	)	$	(313	)	$	(892	)	$	2,734	$	(868	)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

For the Year Ended September 30, 2016



(in millions)	Johnson Controls International plc			Tyco Fire & Security Finance SCA			Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments			Total

Net Income (loss)	$	(868	)	$	(1,529	)	$	(313	)	$	(676	)	$	2,734		$	(652	)
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(105		)	—			—			(83		)	94			(94		)
Realized and unrealized gains on derivatives	11			—			—			7			(9		)	9
Realized and unrealized losses on marketable common stock	(1		)	—			—			(1		)	1			(1		)
Pension and postretirement plans	(1		)	—			—			(1		)	1			(1		)

Other comprehensive loss	(96		)	—			—			(78		)	87			(87		)

Total comprehensive loss	(964		)	(1,529		)	(313		)	(754		)	2,821			(739		)

Comprehensive income attributable to noncontrolling interests	—			—			—			225			—			225

Comprehensive loss attributable to Johnson Controls	$	(964	)	$	(1,529	)	$	(313	)	$	(979	)	$	2,821		$	(964	)

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION

For the Year Ended September 30, 2016



(in millions)	Johnson Controls International plc			Tyco Fire & Security Finance SCA		Tyco International Finance S.A.		Other Subsidiaries		Consolidating Adjustments			Total

Assets
Cash and cash equivalents	$	11		$	—	$	244	$	429	$	—		$	684
Cash in escrow related to Adient debt	—			—		—		2,034		—			2,034
Accounts receivable, net	—			—		—		8,018		—			8,018
Inventories	—			—		—		3,560		—			3,560
Intercompany receivables	16			—		2		6,188		(6,206		)	—
Assets held for sale	—			—		—		174		—			174
Other current assets	6			—		1		2,632		—			2,639
Current assets	$	33		$	—	$	247	$	23,035	$	(6,206	)	$	17,109

Property, plant and equipment - net	—			—		—		7,872		—			7,872
Goodwill	—			—		274		23,135		—			23,409
Other intangible assets - net	—			—		—		7,653		—			7,653
Investments in partially-owned affiliates	—			—		—		2,735		—			2,735
Investments in affiliates	12,460			31,405		27,906		—		(71,771		)	—
Intercompany loans receivable	18,680			—		13,336		15,631		(47,647		)	—
Other noncurrent assets	—			—		—		4,475		—			4,475
Total assets	$	31,173		$	31,405	$	41,763	$	84,536	$	(125,624	)	$	63,253

Liabilities and Equity
Short-term debt	$	—		$	—	$	—	$	1,119	$	—		$	1,119
Current portion of long-term debt	—			—		—		628		—			628
Accounts payable	1			—		—		6,763		—			6,764
Accrued compensation and benefits	—			—		—		1,763		—			1,763
Liabilities held for sale	—			—		—		28		—			28
Intercompany payables	3,873			—		2,315		18		(6,206		)	—
Other current liabilities	3			2		32		5,954		—			5,991
Current liabilities	3,877			2		2,347		16,273		(6,206		)	16,293

Long-term debt	—			—		2,413		12,193		—			14,606
Pension and postretirement benefits	—			—		—		1,738		—			1,738
Intercompany loans payable	3,178			18,680		12,453		13,336		(47,647		)	—
Other noncurrent liabilities	—			—		22		5,270		—			5,292
Long-term liabilities	3,178			18,680		14,888		32,537		(47,647		)	21,636

Redeemable noncontrolling interest	—			—		—		234		—			234
Ordinary shares	9			—		—		—		—			9
Ordinary shares held in treasury	(20		)	—		—		—		—			(20		)
Other shareholders' equity	24,129			12,723		24,528		34,520		(71,771		)	24,129
Shareholders’ equity attributable to Johnson Controls	24,118			12,723		24,528		34,520		(71,771		)	24,118
Nonredeemable noncontrolling interest	—			—		—		972		—			972
Total equity	24,118			12,723		24,528		35,492		(71,771		)	25,090
Total liabilities, redeemable noncontrolling interest and equity	$	31,173		$	31,405	$	41,763	$	84,536	$	(125,624	)	$	63,253

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended September 30, 2016



(in millions)	Johnson Controls International plc			Tyco Fire & Security Finance SCA		Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments			Total

Operating Activities
Net cash provided by operating activities	$	11		$	—	$	639		$	1,245		$	—		$	1,895

Investing Activities
Capital expenditures	—			—		—			(1,249		)	—			(1,249		)
Sale of property, plant and equipment	—			—		—			32			—			32
Acquisition of business, net of cash acquired	—			—		—			353			—			353
Business divestitures	—			—		—			32			—			32
Changes in long-term investments	—			—		57			(105		)	—			(48		)
Net change in intercompany loans	—			—		10			—			(10		)	—
Other	—			—		—			(7		)	—			(7		)
Net cash provided (used) by investing activities	—			—		67			(944		)	(10		)	(887		)

Financing Activities
Increase (decrease) in short-term debt - net	—			—		(462		)	1,018			—			556
Increase in long-term debt	—			—		—			1,501			—			1,501
Repayment of long-term debt	—			—		—			(1,299		)	—			(1,299		)
Debt financing costs	—			—		—			(45		)	—			(45		)
Stock repurchases	—			—		—			(501		)	—			(501		)
Payment of cash dividends	—			—		—			(915		)	—			(915		)
Proceeds from the exercise of stock options	3			—		—			67			—			70
Net intercompany loan borrowings (repayments)	—			—		—			(10		)	10			—
Cash paid to acquire a noncontrolling interest	—			—		—			(2		)	—			(2		)
Dividends paid to noncontrolling interests	—			—		—			(306		)	—			(306		)
Other	(3		)	—		—			11			—			8
Net cash provided (used) in financing activities	—			—		(462		)	(481		)	10			(933		)
Effect of currency translation on cash	—			—		—			12			—			12
Increase (decrease) in cash and cash equivalents	11			—		244			(168		)	—			87
Cash and cash equivalents at beginning of period	—			—		—			597			—			597
Cash and cash equivalents at end of period	$	11		$	—	$	244		$	429		$	—		$	684