CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Year Ended September 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	$	—		$	—		$	—		$	30,172		$	—		$	30,172
Cost of sales	—			—			—			20,833			—			20,833

Gross profit	—			—			—			9,339			—			9,339

Selling, general and administrative expenses	(13		)	—			—			(6,145		)	—			(6,158		)
Restructuring and impairment costs	—			—			—			(367		)	—			(367		)
Net financing charges	(179		)	(1		)	(19		)	(297		)	—			(496		)
Equity income (loss)	1,839			874			(35		)	240			(2,678		)	240
Intercompany interest and fees	(27		)	245			11			(229		)	—			—

Income (loss) from continuing operations before income taxes	1,620			1,118			(43		)	2,541			(2,678		)	2,558

Income tax provision	9			—			—			696			—			705

Income (loss) from continuing operations	1,611			1,118			(43		)	1,845			(2,678		)	1,853
Loss from sale of intercompany investment, net of tax	—			—			(935		)	—			935			—
Loss from discontinued operations, net of tax	—			—			—			(34		)	—			(34		)

Net income (loss)	1,611			1,118			(978		)	1,811			(1,743		)	1,819

Income from continuing operations attributable to noncontrolling interests	—			—			—			199			—			199
Income from discontinued operations attributable to noncontrolling interests	—			—			—			9			—			9

Net income (loss) attributable to Johnson Controls	$	1,611		$	1,118		$	(978	)	$	1,603		$	(1,743	)	$	1,611

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

For the Year Ended September 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)	$	1,611		$	1,118		$	(978	)	$	1,811		$	(1,743	)	$	1,819
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	108			(54		)	20			137			(108		)	103
Realized and unrealized losses on derivatives	(14		)	—			—			(14		)	14			(14		)
Realized and unrealized gains (losses) on marketable securities	5			—			(4		)	9			(5		)	5

Other comprehensive income (loss)	99			(54		)	16			132			(99		)	94

Total comprehensive income (loss)	1,710			1,064			(962		)	1,943			(1,842		)	1,913

Comprehensive income attributable to noncontrolling interests	—			—			—			203			—			203

Comprehensive income (loss) attributable to Johnson Controls	$	1,710		$	1,064		$	(962	)	$	1,740		$	(1,842	)	$	1,710

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	$	—		$	—		$	—		$	20,837		$	—	$	20,837
Cost of sales	—			—			—			15,183			—		15,183

Gross profit	—			—			—			5,654			—		5,654

Selling, general and administrative expenses	(2		)	(2		)	(1		)	(4,185		)	—		(4,190		)
Restructuring and impairment costs	—			—			—			(288		)	—		(288		)
Net financing charges	—			—			(6		)	(283		)	—		(289		)
Equity income (loss)	(894		)	(1,527		)	(341		)	174			2,762		174
Intercompany interest and fees	28			—			7			(35		)	—		—

Income (loss) from continuing operations before income taxes	(868		)	(1,529		)	(341		)	1,037			2,762		1,061

Income tax provision	—			—			—			197			—		197

Income (loss) from continuing operations	(868		)	(1,529		)	(341		)	840			2,762		864

Loss from discontinued operations, net of tax	—			—			—			(1,516		)	—		(1,516		)

Net loss	(868		)	(1,529		)	(341		)	(676		)	2,762		(652		)

Income from continuing operations attributable to noncontrolling interests	—			—			—			132			—		132
Income from discontinued operations attributable to noncontrolling interests	—			—			—			84			—		84

Net loss attributable to Johnson Controls	$	(868	)	$	(1,529	)	$	(341	)	$	(892	)	$	2,762	$	(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 loss	$	(868	)	$	(1,529	)	$	(341	)	$	(676	)	$	2,762		$	(652	)
Other comprehensive loss, net of tax
Foreign currency translation adjustments	(105		)	—			—			(94		)	105			(94		)
Realized and unrealized gains on derivatives	11			—			—			9			(11		)	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		)	—			—			(87		)	96			(87		)

Total comprehensive loss	(964		)	(1,529		)	(341		)	(763		)	2,858			(739		)

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

Comprehensive loss attributable to Johnson Controls	$	(964	)	$	(1,529	)	$	(341	)	$	(988	)	$	2,858		$	(964	)

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION

For the Year Ended September 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	$	—		$	107	$	382	$	718	$	(886	)	$	321
Accounts receivable, net	—			—		—		6,666		—			6,666
Inventories	—			—		—		3,209		—			3,209
Intercompany receivables	1,580			1,732		55		4,470		(7,837		)	—
Assets held for sale	—			—		—		189		—			189
Other current assets	14			—		1		1,892		—			1,907
Current assets	1,594			1,839		438		17,144		(8,723		)	12,292

Property, plant and equipment - net	—			—		—		6,121		—			6,121
Goodwill	243			—		32		19,413		—			19,688
Other intangible assets - net	—			—		—		6,741		—			6,741
Investments in partially-owned affiliates	—			—		—		1,191		—			1,191
Investments in affiliates	19,487			31,594		21,132		—		(72,213		)	—
Intercompany loans receivable	17,908			4,140		2,836		9,004		(33,888		)	—
Noncurrent assets held for sale	—			—		—		1,920		—			1,920
Other noncurrent assets	56			—		7		3,868		—			3,931
Total assets	$	39,288		$	37,573	$	24,445	$	65,402	$	(114,824	)	$	51,884

Liabilities and Equity
Short-term debt	$	1,476		$	—	$	—	$	624	$	(886	)	$	1,214
Current portion of long-term debt	307			—		18		69		—			394
Accounts payable	—			—		—		4,271		—			4,271
Accrued compensation and benefits	4			—		—		1,067		—			1,071
Deferred revenue	—			—		—		1,279		—			1,279
Liabilities held for sale	—			—		—		72		—			72
Intercompany payables	4,236			1,055		1,886		660		(7,837		)	—
Other current liabilities	324			2		24		3,203		—			3,553
Current liabilities	6,347			1,057		1,928		11,245		(8,723		)	11,854

Long-term debt	7,806			—		152		4,006		—			11,964
Pension and postretirement benefits	—			—		—		947		—			947
Intercompany loans payable	4,688			17,908		4,316		6,976		(33,888		)	—
Noncurrent liabilities held for sale	—			—		—		173		—			173
Other noncurrent liabilities	—			—		24		5,344		—			5,368
Long-term liabilities	12,494			17,908		4,492		17,446		(33,888		)	18,452

Redeemable noncontrolling interest	—			—		—		211		—			211
Ordinary shares	9			—		—		—		—			9
Ordinary shares held in treasury	(710		)	—		—		—		—			(710		)
Other shareholders' equity	21,148			18,608		18,025		35,580		(72,213		)	21,148
Shareholders’ equity attributable to Johnson Controls	20,447			18,608		18,025		35,580		(72,213		)	20,447
Noncontrolling interests	—			—		—		920		—			920
Total equity	20,447			18,608		18,025		36,500		(72,213		)	21,367
Total liabilities and equity	$	39,288		$	37,573	$	24,445	$	65,402	$	(114,824	)	$	51,884

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	$	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		26,421		—		(70,023		)	—
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	$	40,278	$	84,462	$	(123,876	)	$	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
Deferred revenue	—			—		—		1,228		—			1,228
Liabilities held for sale	—			—		—		4,276		—			4,276
Intercompany payables	3,873			—		2,315		18		(6,206		)	—
Other current liabilities	3			2		32		3,751		—			3,788
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		23,043		34,520		(70,023		)	24,129
Shareholders’ equity attributable to Johnson Controls	24,118			12,460		23,043		34,520		(70,023		)	24,118
Noncontrolling interests	—			—		—		972		—			972
Total equity	24,118			12,460		23,043		35,492		(70,023		)	25,090
Total liabilities and equity	$	31,173		$	31,142	$	40,278	$	84,462	$	(123,876	)	$	63,179

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended September 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	$	(129	)	$	182		$	142		$	(183	)	$	—		$	12

Investing Activities
Capital expenditures	—			—			—			(1,343		)	—			(1,343		)
Sale of property, plant and equipment	—			—			—			33			—			33
Acquisition of business, net of cash acquired	—			—			(6		)	—			—			(6		)
Business divestitures	—			—			—			220			—			220
Changes in long-term investments	—			—			(11		)	(30		)	—			(41		)
Net change in intercompany loans receivable	(300		)	—			—			(640		)	940			—
Increase in intercompany investment in subsidiaries	(1,998		)	(1,716		)	(100		)	—			3,814			—
Net cash used by investing activities	(2,298		)	(1,716		)	(117		)	(1,760		)	4,754			(1,137		)

Financing Activities
Increase (decrease) in short-term debt - net	1,476			—			—			(445		)	(886		)	145
Increase in long-term debt	1,856			—			—			9			—			1,865
Repayment of long-term debt	(183		)	—			(20		)	(1,094		)	—			(1,297		)
Debt financing costs	(17		)	—			—			(1		)	—			(18		)
Stock repurchases	(651		)	—			—			—			—			(651		)
Payment of cash dividends	(702		)	—			—			—			—			(702		)
Proceeds from the exercise of stock options	157			—			—			—			—			157
Net change in intercompany loans payable	583			—			57			300			(940		)	—
Increase in equity from parent	—			1,641			76			2,097			(3,814		)	—
Change in noncontrolling interest share	—			—			—			8			—			8
Dividends paid to noncontrolling interests	—			—			—			(88		)	—			(88		)
Dividends from Adient spin-off	—			—			—			2,050			—			2,050
Cash transferred to Adient related spin-off	(87		)	—			—			(578		)	—			(665		)
Cash paid to prior acquisitions	—			—			—			(75		)	—			(75		)
Other	(16		)	—			—			4			—			(12		)
Net cash provided by financing activities	2,416			1,641			113			2,187			(5,640		)	717
Effect of currency translation on cash	—			—			—			54			—			54
Changes in cash held for sale	—			—			—			96			—			96
Increase (decrease) in cash and cash equivalents	(11		)	107			138			394			(886		)	(258		)
Cash and cash equivalents at beginning of period	11			—			244			324			—			579
Cash and cash equivalents at end of period	$	—		$	107		$	382		$	718		$	(886	)	$	321

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 used by financing activities	—			—		(462		)	(481		)	10			(933		)
Effect of currency translation on cash	—			—		—			12			—			12
Changes in cash held for sale	—			—		—			(61		)	—			(61		)
Increase (decrease) in cash and cash equivalents	11			—		244			(229		)	—			26
Cash and cash equivalents at beginning of period	—			—		—			553			—			553
Cash and cash equivalents at end of period	$	11		$	—	$	244		$	324		$	—		$	579