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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Net sales        
Products and systems [1] $ 5,448 $ 3,863 $ 10,753 $ 7,683
Services [1] 1,819 870 3,600 1,746
Net sales 7,267 4,733 14,353 9,429
Cost of sales        
Products and systems [1] 3,893 2,851 7,787 5,691
Services [1] 1,093 595 2,171 1,194
Cost of sales 4,986 3,446 9,958 6,885
Gross profit 2,281 1,287 4,395 2,544
Selling, general and administrative expenses (1,726) (899) (3,296) (1,746)
Restructuring and impairment costs (99) (60) (177) (60)
Net financing charges (116) (71) (252) (137)
Equity income 53 40 108 82
Income from continuing operations before income taxes 393 297 778 683
Income tax provision 508 41 481 124
Income (loss) from continuing operations (115) 256 297 559
Loss from discontinued operations, net of tax (Note 5) 0 (725) (34) (538)
Net income (loss) (115) (469) 263 21
Income from continuing operations attributable to noncontrolling interests 33 38 73 61
Income from discontinued operations attributable to noncontrolling interests 0 23 9 40
Net income (loss) attributable to Johnson Controls (148) (530) 181 (80)
Amounts attributable to Johnson Controls ordinary shareholders        
Income (loss) from continuing operations (148) 218 224 498
Loss from discontinued operations $ 0 $ (748) $ (43) $ (578)
Earnings (loss) per share        
Basic earnings (loss) per share from continuing operations $ (0.16) $ 0.34 $ 0.24 $ 0.77
Basic loss per share from discontinued operations 0.00 (1.15) (0.05) (0.89)
Basic earnings (loss) per share (0.16) [2] (0.82) [2] 0.19 (0.12)
Diluted earnings (loss) per share from continuing operations (0.16) 0.33 0.24 0.76
Diluted loss per share from discontinued operations 0.00 (1.15) (0.05) (0.89)
Diluted earnings (loss) per share $ (0.16) [2] $ (0.81) [2] $ 0.19 $ (0.12)
[1] Products and systems consist of Building Technologies & Solutions and Power Solutions products and systems. Services are Building Technologies & Solutions technical services.
[2] Certain items do not sum due to rounding