Financial Information Related To Company's Reportable Segments |
Financial information relating to the Company’s reportable segments is as follows (in millions): | | | | | | | | | | | | | | Year Ended September 30, | | 2019 | | 2018 | | 2017 | Net Sales | | | | | | | | | | | | Building Solutions North America | $ | 9,031 |
| | $ | 8,679 |
| | $ | 8,341 |
| Building Solutions EMEA/LA | 3,655 |
| | 3,696 |
| | 3,595 |
| Building Solutions Asia Pacific | 2,658 |
| | 2,553 |
| | 2,444 |
| Global Products | 8,624 |
| | 8,472 |
| | 8,455 |
| Total net sales | $ | 23,968 |
| | $ | 23,400 |
| | $ | 22,835 |
|
| | | | | | | | | | | | | | Year Ended September 30, | | 2019 | | 2018 | | 2017 | Segment EBITA | | | | | | | | | | | | Building Solutions North America (1) | $ | 1,153 |
| | $ | 1,109 |
| | $ | 1,039 |
| Building Solutions EMEA/LA (2) | 368 |
| | 344 |
| | 290 |
| Building Solutions Asia Pacific (3) | 341 |
| | 347 |
| | 323 |
| Global Products (4) | 1,179 |
| | 1,338 |
| | 1,179 |
| Total segment EBITA | $ | 3,041 |
| | $ | 3,138 |
| | $ | 2,831 |
| | | | | | | Amortization of intangible assets | (377 | ) | | (376 | ) | | (481 | ) | Corporate expenses (5) | (405 | ) | | (584 | ) | | (770 | ) | Net financing charges | (350 | ) | | (401 | ) | | (466 | ) | Restructuring and impairment costs | (235 | ) | | (255 | ) | | (347 | ) | Net mark-to-market adjustments | (618 | ) | | 24 |
| | 384 |
| | | | | | | Income from continuing operations before income taxes | $ | 1,056 |
| | $ | 1,546 |
| | $ | 1,151 |
|
| | | | | | | | | | | | | | September 30, | | 2019 | | 2018 | | 2017 | Assets | | | | | | Building Technologies & Solutions (6) | | | | | | Building Solutions North America (7) | $ | 15,562 |
| | $ | 15,384 |
| | $ | 15,228 |
| Building Solutions EMEA/LA (8) | 4,786 |
| | 4,997 |
| | 4,885 |
| Building Solutions Asia Pacific (9) | 2,657 |
| | 2,743 |
| | 2,575 |
| Global Products (10) | 13,945 |
| | 14,261 |
| | 14,018 |
| | 36,950 |
| | 37,385 |
| | 36,706 |
| Assets held for sale | 158 |
| | 8,203 |
| | 10,725 |
| Unallocated | 5,179 |
| | 3,209 |
| | 4,453 |
| | | | | | | Total | $ | 42,287 |
| | $ | 48,797 |
| | $ | 51,884 |
|
| | | | | | | | | | | | | | Year Ended September 30, | | 2019 | | 2018 | | 2017 | Depreciation/Amortization | | | | | | Building Technologies & Solutions | | | | | | Building Solutions North America | $ | 233 |
| | $ | 236 |
| | $ | 272 |
| Building Solutions EMEA/LA | 112 |
| | 110 |
| | 140 |
| Building Solutions Asia Pacific | 23 |
| | 28 |
| | 37 |
| Global Products | 396 |
| | 390 |
| | 410 |
| | 764 |
| | 764 |
| | 859 |
| Corporate | 61 |
| | 60 |
| | 60 |
| Continuing Operations | 825 |
| | 824 |
| | 919 |
| Discontinued Operations | 32 |
| | 261 |
| | 269 |
| | | | | | | Total | $ | 857 |
| | $ | 1,085 |
| | $ | 1,188 |
|
| | | | | | | | | | | | | | Year Ended September 30, | | 2019 | | 2018 | | 2017 | Capital Expenditures | | | | | | Building Technologies & Solutions | | | | | | Building Solutions North America | $ | 119 |
| | $ | 114 |
| | $ | 107 |
| Building Solutions EMEA/LA | 93 |
| | 73 |
| | 98 |
| Building Solutions Asia Pacific | 26 |
| | 26 |
| | 27 |
| Global Products | 310 |
| | 307 |
| | 421 |
| | 548 |
| | 520 |
| | 653 |
| Corporate | 38 |
| | 125 |
| | 107 |
| Continuing Operations | 586 |
| | 645 |
| | 760 |
| Discontinued Operations | 197 |
| | 385 |
| | 583 |
| | | | | | | Total | $ | 783 |
| | $ | 1,030 |
| | $ | 1,343 |
|
| | (1) | Building Solutions North America segment EBITA for the year ended September 30, 2018 and 2017 excludes $20 million and $59 million, respectively, of restructuring and impairment costs. |
| | (2) | Building Solutions EMEA/LA segment EBITA for the years ended September 30, 2018 and 2017 excludes $56 million and $74 million, respectively, of restructuring and impairment costs. For the years ended September 30, 2019, 2018 and 2017, EMEA/LA segment EBITA includes $12 million, $1 million and $5 million, respectively, of equity income. |
| | (3) | Building Solutions Asia Pacific segment EBITA for the year ended September 30, 2018 and 2017 excludes $16 million and $16 million, respectively, of restructuring and impairment costs. For the years ended September 30, 2019, 2018 and 2017, Asia Pacific segment EBITA includes $1 million, $1 million and $1 million, respectively, of equity income. |
| | (4) | Global Products segment EBITA for the years ended September 30, 2019, 2018 and 2017 excludes $235 million, $113 million and $32 million, respectively, of restructuring and impairment costs. For the years ended September 30, 2019, 2018 and 2017, Global Products segment EBITA includes $179 million, $175 million and $151 million, respectively, of equity income. |
| | (5) | Corporate expenses for the years ended September 30, 2018 and 2017 excludes $50 million and $166 million, respectively, of restructuring and impairment costs. |
| | (6) | Current year and prior year amounts exclude assets held for sale. Refer to Note 3, "Discontinued Operations," of the notes to consolidated financial statements for further information regarding the Company's disposal groups classified as held for sale. |
| | (7) | Buildings Solutions North America assets as of September 30, 2019, 2018 and 2017 include $8 million, $8 million and $8 million, respectively, of investments in partially-owned affiliates. |
| | (8) | Building Solutions EMEA/LA assets as of September 30, 2019, 2018 and 2017 include $109 million, $99 million and $107 million, respectively, of investments in partially-owned affiliates. |
| | (9) | Building Solutions Asia Pacific assets as of September 30, 2019 and 2018 include $6 million and $1 million, respectively, of investments in partially-owned affiliates. |
| | (10) | Global Products assets as of September 30, 2019, 2018 and 2017 include $730 million, $740 million and $629 million, respectively, of investments in partially-owned affiliates. |
|
Geographic Segments |
Financial information relating to the Company’s operations by geographic area is as follows (in millions): | | | | | | | | | | | | | | Year Ended September 30, | | 2019 | | 2018 | | 2017 | Net Sales | | | | | | United States | $ | 11,773 |
| | $ | 11,306 |
| | $ | 11,353 |
| China | 1,424 |
| | 1,480 |
| | 1,448 |
| Japan | 1,943 |
| | 1,903 |
| | 1,816 |
| Germany | 629 |
| | 616 |
| | 576 |
| United Kingdom | 1,042 |
| | 1,075 |
| | 872 |
| Taiwan | 612 |
| | 661 |
| | 625 |
| Other foreign | 4,625 |
| | 4,423 |
| | 4,222 |
| Other European countries | 1,920 |
| | 1,936 |
| | 1,923 |
| | | | | | | Total | $ | 23,968 |
| | $ | 23,400 |
| | $ | 22,835 |
| | | | | | | Long-Lived Assets (Year-end) | | | | | | United States | $ | 1,824 |
| | $ | 1,879 |
| | $ | 1,824 |
| China | 326 |
| | 332 |
| | 171 |
| Japan | 228 |
| | 209 |
| | 180 |
| Germany | 20 |
| | 19 |
| | 19 |
| United Kingdom | 77 |
| | 73 |
| | 109 |
| Taiwan | 141 |
| | 154 |
| | 169 |
| Other foreign | 568 |
| | 464 |
| | 595 |
| Other European countries | 164 |
| | 170 |
| | 274 |
| | | | | | | Total | $ | 3,348 |
| | $ | 3,300 |
| | $ | 3,341 |
|
Net sales attributed to geographic locations are based on the location of the assets producing the sales. Long-lived assets by geographic location consist of net property, plant and equipment.
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