XML 50 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Equity and Noncontrolling Interests (Tables)
 9 Months Ended
Jun. 30, 2018
Stockholders' Equity Note [Abstract]  
Equity Attributable to Johnson Controls and Noncontrolling Interests
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, 2018
 
Three Months Ended June 30, 2017
 
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
$
20,874

 
$
1,006

 
$
21,880

 
$
19,388

 
$
813

 
$
20,201

Total comprehensive income:
 
 
 
 
 
 
 
 
 
 
 
Net income
723

 
71

 
794

 
555

 
66

 
621

Foreign currency translation adjustments
(557
)
 
(44
)
 
(601
)
 
268

 
3

 
271

Realized and unrealized gains (losses) on derivatives
3

 
(1
)
 
2

 
(7
)
 
(1
)
 
(8
)
Realized and unrealized losses on marketable securities
—

 
—

 
—

 
(3
)
 
—

 
(3
)
    Other comprehensive income (loss)
(554
)
 
(45
)
 
(599
)
 
258

 
2

 
260

Comprehensive income
169

 
26

 
195

 
813

 
68

 
881

 
 
 
 
 
 
 
 
 
 
 
 
Other changes in equity:
 
 
 
 
 
 
 
 
 
 
 
Cash dividends—ordinary shares
(240
)
 
—

 
(240
)
 
(234
)
 
—

 
(234
)
Repurchases of ordinary shares
(56
)
 
—

 
(56
)
 
(307
)
 
—

 
(307
)
Change in noncontrolling interest share
—

 
4

 
4

 
—

 
3

 
3

Other, including options exercised
26

 
—

 
26

 
71

 
—

 
71

Ending balance, June 30
$
20,773

 
$
1,036

 
$
21,809

 
$
19,731

 
$
884

 
$
20,615


 
Nine Months Ended June 30, 2018
 
Nine Months Ended June 30, 2017
 
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,
$
20,447

 
$
920

 
$
21,367

 
$
24,118

 
$
972

 
$
25,090

Total comprehensive income:
 
 
 
 
 
 
 
 
 
 
 
Net income
1,391

 
132

 
1,523

 
736

 
127

 
863

Foreign currency translation adjustments
(331
)
 
3

 
(328
)
 
(150
)
 
(22
)
 
(172
)
Realized and unrealized gains (losses) on derivatives
(2
)
 
1

 
(1
)
 
(13
)
 
1

 
(12
)
Realized and unrealized gains (losses) on marketable securities
(2
)
 
—

 
(2
)
 
6

 
—

 
6

    Other comprehensive income (loss)
(335
)
 
4

 
(331
)
 
(157
)
 
(21
)
 
(178
)
Comprehensive income
1,056

 
136

 
1,192

 
579

 
106

 
685

 
 
 
 
 
 
 
 
 
 
 
 
Other changes in equity:
 
 
 
 
 
 
 
 
 
 
 
Cash dividends—ordinary shares
(722
)
 
—

 
(722
)
 
(705
)
 
—

 
(705
)
Dividends attributable to noncontrolling
     interests
—

 
(43
)
 
(43
)
 
—

 
(47
)
 
(47
)
Repurchases of ordinary shares
(255
)
 
—

 
(255
)
 
(426
)
 
—

 
(426
)
Change in noncontrolling interest share
—

 
23

 
23

 
—

 
(9
)
 
(9
)
Adoption of ASU 2016-09
179

 
—

 
179

 
—

 
—

 
—

Spin-off of Adient
—

 
—

 
—

 
(4,038
)
 
(138
)
 
(4,176
)
Other, including options exercised
68

 
—

 
68

 
203

 
—

 
203

Ending balance, June 30
$
20,773

 
$
1,036

 
$
21,809

 
$
19,731

 
$
884

 
$
20,615
Changes in Redeemable Noncontrolling Interests
The following schedules present changes in the redeemable noncontrolling interests (in millions):
 
Three Months Ended
June 30,
 
2018
 
2017
 
 
 
 
Beginning balance, March 31
$
235

 
$
168

Net income
10

 
8

Foreign currency translation adjustments
(13
)
 
14

Realized and unrealized losses on derivatives
(1
)
 
(1
)
Ending balance, June 30
$
231

 
$
189


 
 
 
 
 
Nine Months Ended
June 30,
 
2018
 
2017
 
 
 
 
Beginning balance, September 30
$
211

 
$
234

Net income
35

 
29

Foreign currency translation adjustments
(3
)
 
6

Realized and unrealized losses on derivatives
(9
)
 
(1
)
Dividends
(3
)
 
(43
)
Spin-off of Adient
—

 
(36
)
Ending balance, June 30
$
231

 
$
189
Changes in Accumulated Other Comprehensive Income, Net of Tax
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,
 
2018
 
2017
 
 
 
 
Foreign currency translation adjustments ("CTA")
 
 
 
Balance at beginning of period
$
(255
)
 
$
(1,007
)
Aggregate adjustment for the period (net of tax effect of $0 and $(5))
(557
)
 
268

Balance at end of period
(812
)
 
(739
)
 
 
 
 
Realized and unrealized gains (losses) on derivatives
 
 
 
Balance at beginning of period
1

 
14

Current period changes in fair value (net of tax effect of $1 and $(1))
5

 
(1
)
Reclassification to income (net of tax effect of $(2) and $(5)) **
(2
)
 
(6
)
Balance at end of period
4

 
7

 
 
 
 
Realized and unrealized gains (losses) on marketable securities
 
 
 
Balance at beginning of period
2

 
8

Current period changes in fair value (net of tax effect of $0 and $1)
1

 
(3
)
Reclassification to income (net of tax effect of $(1) and $0) ***
(1
)
 
—

Balance at end of period
2

 
5

 
 
 
 
Pension and postretirement plans
 
 
 
Balance at beginning of period
(2
)
 
(2
)
Other changes
—

 
—

Balance at end of period
(2
)
 
(2
)
 
 
 
 
Accumulated other comprehensive loss, end of period
$
(808
)
 
$
(729
)

 
 
 
 
 
Nine Months Ended
June 30,
 
2018
 
2017
 
 
 
 
CTA
 
 
 
Balance at beginning of period
$
(481
)
 
$
(1,152
)
Aggregate adjustment for the period (net of tax effect of $1 and $0) *
(331
)
 
(150
)
Adient spin-off impact (net of tax effect of $0)
—

 
563

Balance at end of period
(812
)
 
(739
)
 
 
 
 
Realized and unrealized gains (losses) on derivatives
 
 
 
Balance at beginning of period
6

 
4

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

 
6

Reclassification to income (net of tax effect of $(4) and $(12)) **
(9
)
 
(19
)
Adient spin-off impact (net of tax effect of $0 and $6)
—

 
16

Balance at end of period
4

 
7

 
 
 
 
Realized and unrealized gains (losses) on marketable securities
 
 
 
Balance at beginning of period
4

 
(1
)
Current period changes in fair value (net of tax effect of $0 and $1)
(1
)
 
6

Reclassification to income (net of tax effect of $(1) and $0) ***
(1
)
 
—

Balance at end of period
2

 
5

 
 
 
 
Pension and postretirement plans
 
 
 
Balance at beginning of period
(2
)
 
(4
)
Adient spin-off impact (net of tax effect of $0)
—

 
2

Balance at end of period
(2
)
 
(2
)
 
 
 
 
Accumulated other comprehensive loss, end of period
$
(808
)
 
$
(729
)

* During the nine months ended June 30, 2018, $12 million of cumulative CTA was recognized as part of the divestiture-related gain recognized as part of the divestiture of Scott Safety.

** Refer to Note 15, "Derivative Instruments and Hedging Activities," of the notes to consolidated financial statements for disclosure of the line items in the consolidated statements of income affected by reclassifications from AOCI into income related to derivatives.

***During the nine months ended June 30, 2018, the Company sold certain marketable common stock for approximately $3 million. As a result, the Company recorded $2 million of realized gains within selling, general and administrative expenses.