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TIFSA (Tables)
9 Months Ended
Jun. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Tyco International Finance S.A.
CONDENSED CONSOLIDATING STATEMENT OF INCOME
For the Three Months Ended June 30, 2017

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

 
$

 
$

 
$
7,683

 
$

 
$
7,683

Cost of sales

 

 


 
5,252

 

 
5,252

 
 
 
 
 
 
 
 
 
 
 
 
Gross profit

 

 

 
2,431

 

 
2,431

 
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative
     expenses
(1
)
 

 

 
(1,608
)
 

 
(1,609
)
Restructuring and impairment costs

 

 

 
(49
)
 

 
(49
)
Net financing charges
(59
)
 
(1
)
 
(3
)
 
(61
)
 

 
(124
)
Equity income
626

 
468

 
68

 
69

 
(1,162
)
 
69

Intercompany interest and fees
(11
)
 
89

 
(5
)
 
(73
)
 

 

 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing
   operations before income taxes
555

 
556

 
60

 
709

 
(1,162
)
 
718

 
 
 
 
 
 
 
 
 
 
 
 
Income tax provision

 

 

 
89

 

 
89

Net income
555

 
556

 
60

 
620

 
(1,162
)
 
629

 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
   attributable to noncontrolling
   interests

 

 

 
74

 

 
74

 
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to Johnson
   Controls
$
555

 
$
556

 
$
60

 
$
546

 
$
(1,162
)
 
$
555


CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
For the Three Months Ended June 30, 2017

(in millions)
Johnson Controls
International
plc
 
Tyco Fire & Security Finance SCA
 
Tyco International Finance S.A.
 
Other Subsidiaries
 
Consolidating Adjustments
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Net income
$
555

 
$
556

 
$
60

 
$
620

 
$
(1,162
)
 
$
629

Other comprehensive income (loss),
   net of tax
 
 
 
 
 
 
 
 
 
 
 
     Foreign currency translation
        adjustments
268

 
(30
)
 
(4
)
 
319

 
(268
)
 
285

     Realized and unrealized losses
       on derivatives
(7
)
 

 

 
(9
)
 
7

 
(9
)
     Realized and unrealized gains
       (losses) on marketable securities
(3
)
 

 
(6
)
 
3

 
3

 
(3
)
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
258

 
(30
)
 
(10
)
 
313

 
(258
)
 
273

 
 
 
 
 
 
 
 
 
 
 
 
Total comprehensive income
813

 
526

 
50

 
933

 
(1,420
)
 
902

 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income attributable
   to noncontrolling interests

 

 

 
89

 

 
89

 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income
   attributable to Johnson Controls
$
813

 
$
526

 
$
50

 
$
844

 
$
(1,420
)
 
$
813


CONDENSED CONSOLIDATING STATEMENT OF INCOME
For the Nine Months Ended June 30, 2017

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

 
$

 
$

 
$
22,036

 
$

 
$
22,036

Cost of sales

 

 

 
15,210

 

 
15,210

 
 
 
 
 
 
 
 
 
 
 
 
Gross profit

 

 

 
6,826

 

 
6,826

 
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative
     expenses
(7
)
 

 

 
(4,898
)
 

 
(4,905
)
Restructuring and impairment costs

 

 

 
(226
)
 

 
(226
)
Net financing charges
(137
)
 
(1
)
 
(17
)
 
(221
)
 

 
(376
)
Equity income (loss)
841

 
(32
)
 
(433
)
 
177

 
(376
)
 
177

Intercompany interest and fees
39

 
162

 
32

 
(233
)
 

 

 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing
   operations before income taxes
736

 
129

 
(418
)
 
1,425

 
(376
)
 
1,496

 
 
 
 
 
 
 
 
 
 
 
 
Income tax provision

 

 

 
570

 

 
570

 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing
   operations
736

 
129

 
(418
)
 
855

 
(376
)
 
926

 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from sale of
   intercompany investment, net of
   tax

 

 
(935
)
 

 
935

 

 
 
 
 
 
 
 
 
 
 
 
 
Loss from discontinued
   operations, net of tax

 

 

 
(34
)
 

 
(34
)
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
736

 
129

 
(1,353
)
 
821

 
559

 
892

 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
   attributable to noncontrolling
   interests

 

 

 
147

 

 
147

Income from discontinued
   operations attributable to
   noncontrolling interests

 

 

 
9

 

 
9

 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to
   Johnson Controls
$
736

 
$
129

 
$
(1,353
)
 
$
665

 
$
559

 
$
736


CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
For the Nine Months Ended June 30, 2017

(in millions)
Johnson Controls
International
plc
 
Tyco Fire & Security Finance SCA
 
Tyco International Finance S.A.
 
Other Subsidiaries
 
Consolidating Adjustments
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
$
736

 
$
129

 
$
(1,353
)
 
$
821

 
$
559

 
$
892

Other comprehensive income (loss),
   net of tax
 
 
 
 
 
 
 
 
 
 
 
     Foreign currency translation
        adjustments
(150
)
 
(37
)
 
22

 
(151
)
 
150

 
(166
)
     Realized and unrealized losses
       on derivatives
(13
)
 

 

 
(13
)
 
13

 
(13
)
     Realized and unrealized gains
       on marketable securities
6

 

 
1

 
5

 
(6
)
 
6

 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
(157
)
 
(37
)
 
23

 
(159
)
 
157

 
(173
)
 
 
 
 
 
 
 
 
 
 
 
 
Total comprehensive income (loss)
579

 
92

 
(1,330
)
 
662

 
716

 
719

 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income attributable
   to noncontrolling interests

 

 

 
140

 

 
140

 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss) attributable to Johnson Controls
$
579

 
$
92

 
$
(1,330
)
 
$
522

 
$
716

 
$
579


CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
As of June 30, 2017
(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
$

 
$

 
$
318

 
$
388

 
$
(248
)
 
$
458

Accounts receivable - net

 

 

 
6,443

 

 
6,443

Inventories

 

 

 
3,384

 

 
3,384

Intercompany receivables
1,857

 
1,786

 
38

 
8,279

 
(11,960
)
 

Assets held for sale

 

 

 
2,082

 

 
2,082

Other current assets
40

 

 
2

 
1,553

 

 
1,595

Current assets
$
1,897

 
$
1,786

 
$
358

 
$
22,129

 
$
(12,208
)
 
$
13,962

 
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment - net

 

 

 
5,870

 

 
5,870

Goodwill
243

 

 
32

 
19,344

 

 
19,619

Other intangible assets - net

 

 

 
6,727

 

 
6,727

Investments in partially-owned
   affiliates

 

 

 
1,159

 

 
1,159

Investments in affiliates
18,098

 
29,456

 
22,515

 

 
(70,069
)
 

Intercompany loans receivable
17,862

 
4,140

 
2,836

 
4,688

 
(29,526
)
 

Other noncurrent assets
59

 

 
12

 
3,278

 

 
3,349

Total assets
$
38,159

 
$
35,382

 
$
25,753

 
$
63,195

 
$
(111,803
)
 
$
50,686

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities and Equity
 
 
 
 
 
 
 
 
 
 
 
Short-term debt
$
1,592

 
$
76

 
$

 
$
536

 
$
(248
)
 
$
1,956

Current portion of long-term debt
444

 

 
18

 
81

 

 
543

Accounts payable

 

 

 
3,764

 

 
3,764

Accrued compensation and benefits
1

 

 

 
1,003

 

 
1,004

Liabilities held for sale

 

 

 
247

 

 
247

Intercompany payables
3,911

 
1,037

 
6,001

 
1,011

 
(11,960
)
 

Other current liabilities
350

 
3

 
24

 
3,624

 

 
4,001

Current liabilities
6,298

 
1,116

 
6,043

 
10,266

 
(12,208
)
 
11,515

 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
7,442

 

 
153

 
4,177

 

 
11,772

Pension and postretirement benefits

 

 

 
1,330

 

 
1,330

Intercompany loans payable
4,688

 
17,862

 

 
6,976

 
(29,526
)
 

Other noncurrent liabilities

 

 
24

 
5,241

 

 
5,265

Long-term liabilities
12,130

 
17,862

 
177

 
17,724

 
(29,526
)
 
18,367

 
 
 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interests

 

 

 
189

 

 
189

Ordinary shares
9

 

 

 

 

 
9

Ordinary shares held in treasury
(481
)
 

 

 

 

 
(481
)
Other shareholders' equity
20,203

 
16,404

 
19,533

 
34,132

 
(70,069
)
 
20,203

Shareholders’ equity attributable to Johnson Controls
19,731

 
16,404

 
19,533

 
34,132

 
(70,069
)
 
19,731

Noncontrolling interests

 

 

 
884

 

 
884

Total equity
19,731

 
16,404

 
19,533

 
35,016

 
(70,069
)
 
20,615

Total liabilities and equity
$
38,159

 
$
35,382

 
$
25,753

 
$
63,195

 
$
(111,803
)
 
$
50,686


CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Nine Months Ended June 30, 2017
(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 (used) by operating
   activities
$
136

 
$

 
$
97

 
$
(1,554
)
 
$

 
$
(1,321
)
 
 
 
 
 
 
 
 
 
 
 
 
Investing Activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures

 

 

 
(996
)
 

 
(996
)
Sale of property, plant and equipment

 

 

 
23

 

 
23

Acquisition of businesses, net of cash
   acquired

 

 
(6
)
 

 

 
(6
)
Business divestitures

 

 

 
180

 

 
180

Changes in long-term investments

 

 
(11
)
 
(22
)
 

 
(33
)
Net change in intercompany loans receivable

 

 
10

 
357

 
(367
)
 

Increase in intercompany investment
   in subsidiaries
(1,924
)
 
(1,716
)
 
(76
)
 

 
3,716

 

     Net cash used by investing activities
(1,924
)
 
(1,716
)
 
(83
)
 
(458
)
 
3,349

 
(832
)
 
 
 
 
 
 
 
 
 
 
 
 
Financing Activities
 
 
 
 
 
 
 
 
 
 
 
Increase (decrease) in short-term debt - net
1,592

 
76

 

 
(533
)
 
(248
)
 
887

Increase in long-term debt
1,544

 

 

 
9

 

 
1,553

Repayment of long-term debt
(46
)
 

 
(16
)
 
(910
)
 

 
(972
)
Debt financing costs
(17
)
 

 

 
(1
)
 

 
(18
)
Stock repurchases
(426
)
 

 

 

 

 
(426
)
Payment of cash dividends
(469
)
 

 

 

 

 
(469
)
Proceeds from the exercise of stock options
56

 

 

 
74

 

 
130

Net change in intercompany loans payable
(357
)
 

 

 
(10
)
 
367

 

Increase in equity from parent

 
1,640

 
76

 
2,000

 
(3,716
)
 

Change in noncontrolling interest share

 

 

 
8

 

 
8

Dividends paid to noncontrolling interests

 

 

 
(78
)
 

 
(78
)
Dividend from Adient spin-off
(87
)
 

 

 
2,137

 

 
2,050

Cash transferred to Adient related to spin-off

 

 

 
(665
)
 

 
(665
)
Cash paid related to prior acquisitions

 

 

 
(75
)
 

 
(75
)
Other
(13
)
 

 

 
3

 

 
(10
)
     Net cash provided by financing activities
1,777

 
1,716

 
60

 
1,959

 
(3,597
)
 
1,915

Effect of exchange rate changes on
   cash and cash equivalents

 

 

 
12

 

 
12

Changes in cash held for sale

 

 

 
105

 

 
105

Increase (decrease) in cash and
   cash equivalents
(11
)
 

 
74

 
64

 
(248
)
 
(121
)
Cash and cash equivalents at
   beginning of period
11

 

 
244

 
324

 

 
579

Cash and cash equivalents at
   end of period
$

 
$

 
$
318

 
$
388

 
$
(248
)
 
$
458


CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
As of 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

 
$
324

 
$

 
$
579

Accounts receivable - net

 

 

 
6,394

 

 
6,394

Inventories

 

 

 
2,888

 

 
2,888

Intercompany receivables
16

 

 
2

 
6,188

 
(6,206
)
 

Assets held for sale

 

 

 
5,812

 

 
5,812

Other current assets
6

 

 
1

 
1,429

 

 
1,436

Current assets
$
33

 
$

 
$
247

 
$
23,035

 
$
(6,206
)
 
$
17,109

 
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment - net

 

 

 
5,632

 

 
5,632

Goodwill

 

 
274

 
20,750

 

 
21,024

Other intangible assets - net

 

 

 
7,540

 

 
7,540

Investments in partially-owned affiliates

 

 

 
990

 

 
990

Investments in affiliates
12,460

 
31,142

 
27,643

 

 
(71,245
)
 

Intercompany loans receivable
18,680

 

 
13,336

 
15,631

 
(47,647
)
 

Noncurrent assets held for sale

 

 

 
7,374

 

 
7,374

Other noncurrent assets

 

 

 
3,510

 

 
3,510

Total assets
$
31,173

 
$
31,142

 
$
41,500

 
$
84,462

 
$
(125,098
)
 
$
63,179

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities and Equity
 
 
 
 
 
 
 
 
 
 
 
Short-term debt
$

 
$

 
$

 
$
1,078

 
$

 
$
1,078

Current portion of long-term debt

 

 

 
628

 

 
628

Accounts payable
1

 

 

 
3,999

 

 
4,000

Accrued compensation and benefits

 

 

 
1,333

 

 
1,333

Liabilities held for sale

 

 

 
4,276

 

 
4,276

Intercompany payables
3,873

 

 
2,315

 
18

 
(6,206
)
 

Other current liabilities
3

 
2

 
32

 
4,979

 

 
5,016

Current liabilities
3,877

 
2

 
2,347

 
16,311

 
(6,206
)
 
16,331

 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt

 

 
2,413

 
8,640

 

 
11,053

Pension and postretirement benefits

 

 

 
1,550

 

 
1,550

Intercompany loans payable
3,178

 
18,680

 
12,453

 
13,336

 
(47,647
)
 

Noncurrent liabilities held for sale

 

 

 
3,888

 

 
3,888

Other noncurrent liabilities

 

 
22

 
5,011

 

 
5,033

Long-term liabilities
3,178

 
18,680

 
14,888

 
32,425

 
(47,647
)
 
21,524

 
 
 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interest

 

 

 
234

 

 
234

Ordinary shares
9

 

 

 

 

 
9

Ordinary shares held in treasury
(20
)
 

 

 

 

 
(20
)
Other shareholders' equity
24,129

 
12,460

 
24,265

 
34,520

 
(71,245
)
 
24,129

Shareholders’ equity attributable to
    Johnson Controls
24,118

 
12,460

 
24,265

 
34,520

 
(71,245
)
 
24,118

Noncontrolling interests

 

 

 
972

 

 
972

Total equity
24,118

 
12,460

 
24,265

 
35,492

 
(71,245
)
 
25,090

Total liabilities and equity
$
31,173

 
$
31,142

 
$
41,500

 
$
84,462

 
$
(125,098
)
 
$
63,179