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Equity and Noncontrolling Interests
 9 Months Ended
Jun. 30, 2017
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 and noncontrolling interests (in millions, net of tax):
 
Three Months Ended June 30, 2017
 
Three Months Ended June 30, 2016
 
Equity
Attributable to
Johnson Controls International plc
 
Equity
Attributable to
Noncontrolling
Interests
 
Total
Equity
 
Equity
Attributable to
Johnson Controls International plc
 
Equity
Attributable to
Noncontrolling
Interests
 
Total
Equity
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance, March 31
$
19,388

 
$
813

 
$
20,201

 
$
9,984

 
$
898

 
$
10,882

Total comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Net income
555

 
66

 
621

 
383

 
59

 
442

Foreign currency translation adjustments
268

 
3

 
271

 
(141
)
 
3

 
(138
)
Realized and unrealized gains (losses) on derivatives
(7
)
 
(1
)
 
(8
)
 
6

 
(2
)
 
4

Realized and unrealized losses on marketable securities
(3
)
 
—

 
(3
)
 
—

 
—

 
—

    Other comprehensive income (loss)
258

 
2

 
260

 
(135
)
 
1

 
(134
)
Comprehensive income
813

 
68

 
881

 
248

 
60

 
308

 
 
 
 
 
 
 
 
 
 
 
 
Other changes in equity:
 
 
 
 
 
 
 
 
 
 
 
Cash dividends—ordinary shares
(234
)
 
—

 
(234
)
 
(189
)
 
—

 
(189
)
Dividends attributable to noncontrolling interests
—

 
—

 
—

 
—

 
(35
)
 
(35
)
Repurchases of ordinary shares
(307
)
 
—

 
(307
)
 
(475
)
 
—

 
(475
)
Change in noncontrolling interest share
—

 
3

 
3

 
—

 
1

 
1

Other, including options exercised
71

 
—

 
71

 
31

 
—

 
31

Ending balance, June 30
$
19,731

 
$
884

 
$
20,615

 
$
9,599

 
$
924

 
$
10,523



 
Nine Months Ended June 30, 2017
 
Nine Months Ended June 30, 2016
 
Equity
Attributable to
Johnson Controls International plc
 
Equity
Attributable to
Noncontrolling
Interests
 
Total
Equity
 
Equity
Attributable to
Johnson Controls International plc
 
Equity
Attributable to
Noncontrolling
Interests
 
Total
Equity
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance, September 30
$
24,118

 
$
972

 
$
25,090

 
$
10,376

 
$
163

 
$
10,539

Total comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Net income
736

 
127

 
863

 
303

 
129

 
432

Foreign currency translation adjustments
(150
)
 
(22
)
 
(172
)
 
(126
)
 
12

 
(114
)
Realized and unrealized gains (losses) on derivatives
(13
)
 
1

 
(12
)
 
9

 
(1
)
 
8

Realized and unrealized gains on marketable securities
6

 
—

 
6

 
—

 
—

 
—

    Other comprehensive income (loss)
(157
)
 
(21
)
 
(178
)
 
(117
)
 
11

 
(106
)
Comprehensive income
579

 
106

 
685

 
186

 
140

 
326

 
 
 
 
 
 
 
 
 
 
 
 
Other changes in equity:
 
 
 
 
 
 
 
 
 
 
 
Cash dividends—ordinary shares
(705
)
 
—

 
(705
)
 
(566
)
 
—

 
(566
)
Dividends attributable to noncontrolling interests
—

 
(47
)
 
(47
)
 
—

 
(71
)
 
(71
)
Repurchases of ordinary shares
(426
)
 
—

 
(426
)
 
(475
)
 
—

 
(475
)
Change in noncontrolling interest share
—

 
(9
)
 
(9
)
 
—

 
692

 
692

Spin-off of Adient
(4,038
)
 
(138
)
 
(4,176
)
 
—

 
—

 
—

Other, including options exercised
203

 
—

 
203

 
78

 
—

 
78

Ending balance, June 30
$
19,731

 
$
884

 
$
20,615

 
$
9,599

 
$
924

 
$
10,523


As previously disclosed, on October 31, 2016, the Company completed the Adient spin-off. As a result of the spin-off, the Company divested net assets of $4,038 million.

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 $679 million.

Following the Tyco Merger, the Company adopted, subject to the ongoing existence of sufficient distributable reserves, the existing Tyco International plc $1 billion share repurchase program in September 2016. The share repurchase program does not have an expiration date and may be amended or terminated by the Board of Directors at any time without prior notice. For the three month period ended June 30, 2017 and 2016, the Company repurchased $307 million and $475 million of its shares, respectively. For the nine month periods ended June 30, 2017 and 2016, the Company repurchased $426 million and $475 million of its shares, respectively.

In April 2017, the Company announced its intention to utilize up to $750 million of the $1 billion authorization during fiscal 2017. Shares may be repurchased from time to time in open market purchases at prevailing market prices, in negotiated transactions off the market, or pursuant to a trading plan in accordance with applicable regulations.

The Company consolidates certain subsidiaries in which the noncontrolling interest party has within its 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):
 
Three Months Ended
June 30,
 
2017
 
2016
 
 
 
 
Beginning balance, March 31
$
168

 
$
237

Net income
8

 
17

Foreign currency translation adjustments
14

 
(3
)
Realized and unrealized losses on derivatives
(1
)
 
—

Ending balance, June 30
$
189

 
$
251



 
Nine Months Ended
June 30,
 
2017
 
2016
 
 
 
 
Beginning balance, September 30
$
234

 
$
212

Net income
29

 
48

Foreign currency translation adjustments
6

 
(1
)
Realized and unrealized losses on derivatives
(1
)
 
(2
)
Dividends
(43
)
 
(6
)
Spin-off of Adient
(36
)
 
—

Ending balance, June 30
$
189

 
$
251



The following schedules present changes in accumulated other comprehensive income (AOCI) attributable to Johnson Controls (in millions, net of tax):
 
Three Months Ended June 30,
 
2017
 
2016
 
 
 
 
Foreign currency translation adjustments
 
 
 
Balance at beginning of period
$
(1,007
)
 
$
(1,032
)
Aggregate adjustment for the period (net of tax effect of $(5) and $(5))
268

 
(141
)
Balance at end of period
(739
)
 
(1,173
)
 
 
 
 
Realized and unrealized gains (losses) on derivatives
 
 
 
Balance at beginning of period
14

 
(4
)
Current period changes in fair value (net of tax effect of $(1) and $(1))
(1
)
 
(3
)
Reclassification to income (net of tax effect of $(5) and $1) *
(6
)
 
9

Balance at end of period
7

 
2

 
 
 
 
Realized and unrealized gains (losses) on marketable securities
 
 
 
Balance at beginning of period
8

 
—

Current period changes in fair value (net of tax effect of $1)
(3
)
 
—

Balance at end of period
5

 
—

 
 
 
 
Pension and postretirement plans
 
 
 
Balance at beginning of period
(2
)
 
(3
)
Reclassification to income (net of tax effect of $0) **
—

 
—

Balance at end of period
(2
)
 
(3
)
 
 
 
 
Accumulated other comprehensive loss, end of period
$
(729
)
 
$
(1,174
)


 
Nine Months Ended
June 30,
 
2017
 
2016
 
 
 
 
Foreign currency translation adjustments
 
 
 
Balance at beginning of period
$
(1,152
)
 
$
(1,047
)
Aggregate adjustment for the period (net of tax effect of $0 and $(4))
(150
)
 
(126
)
Adient spin-off impact (net of tax effect of $0)
563

 
—

Balance at end of period
(739
)
 
(1,173
)
 
 
 
 
Realized and unrealized gains (losses) on derivatives
 
 
 
Balance at beginning of period
4

 
(7
)
Current period changes in fair value (net of tax effect of $3 and $(2))
6

 
(9
)
Reclassification to income (net of tax effect of $(12) and $5) *
(19
)
 
18

Adient spin-off impact (net of tax effect of $6 and $0)
16

 
—

Balance at end of period
7

 
2

 
 
 
 
Realized and unrealized gains (losses) on marketable securities
 
 
 
Balance at beginning of period
(1
)
 
—

Current period changes in fair value (net of tax effect of $1)
6

 
—

Balance at end of period
5

 
—

 
 
 
 
Pension and postretirement plans
 
 
 
Balance at beginning of period
(4
)
 
(3
)
Reclassification to income (net of tax effect of $0) **
—

 
(1
)
Adient spin-off impact (net of tax effect of $0)
2

 
—

Other changes (net of tax effect of $0)
—

 
1

Balance at end of period
(2
)
 
(3
)
 
 
 
 
Accumulated other comprehensive loss, end of period
$
(729
)
 
$
(1,174
)

* Refer to Note 16, "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.

** Refer to Note 11, "Pension and Postretirement 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 three and nine months ended June 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.