Equity and Noncontrolling Interests

3 Months Ended

Dec. 31, 2020

Stockholders' Equity Note [Abstract]

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 December 31, 2020						Three Months Ended December 31, 2019
	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	$	17,447	$	1,086	$	18,533	$	19,766	$	1,063	$	20,829
Total comprehensive income:
Net income	451		45		496		159		32		191

Foreign currency translation adjustments	272		36		308		251		10		261
Realized and unrealized gains on derivatives	1		—		1		5		2		7

Pension and postretirement plans	(1)		—		(1)		(1)		—		(1)
Other comprehensive income	272		36		308		255		12		267
Comprehensive income	723		81		804		414		44		458

Other changes in equity:
Cash dividends—ordinary shares	(189)		—		(189)		(201)		—		(201)

Dividends attributable to noncontrolling interests	—		—		—		—		(5)		(5)
Repurchases and retirements of ordinary shares	(346)		—		(346)		(651)		—		(651)


Adoption of ASC 842	—		—		—		(5)		—		(5)
Adoption of ASU 2016-13	(4)		—		(4)		—		—		—
Other, including options exercised	25		—		25		6		—		6
Ending balance, December 31	$	17,656	$	1,167	$	18,823	$	19,329	$	1,102	$	20,431

During the quarter ended December 31, 2020, the Company recorded $4 million to beginning retained earnings for the cumulative effect of adopting ASU 2016-13, "Financial Instruments - Credit Losses."

During the quarter ended December 31, 2019, the Company adopted ASC 842, "Leases." As a result, the Company recorded $5 million to beginning retained earnings, which relates primarily to adoption day impairment of previously exited facilities.

For the three months ended December 31, 2020 and 2019, the Company repurchased and immediately retired $346 million and $651 million of its ordinary shares, respectively. As of December 31, 2020, approximately $2.0 billion remains available under the share repurchase program.

The following schedules present changes in accumulated other comprehensive income ("AOCI") attributable to Johnson Controls (in millions, net of tax):


	Three Months Ended December 31,
	2020		2019

Foreign currency translation adjustments ("CTA")
Balance at beginning of period	$	(778)	$	(785)
Aggregate adjustment for the period (net of tax effect of $0 and $0)	272		251
Balance at end of period	(506)		(534)

Realized and unrealized gains (losses) on derivatives
Balance at beginning of period	2		(2)
Current period changes in fair value (net of tax effect of $2 and $2)	2		5
Reclassification to income (net of tax effect of $0 and $0) *	(1)		—
Balance at end of period	3		3

Pension and postretirement plans
Balance at beginning of period	—		(8)
Reclassification to income (net of tax effect of $0 and $0)	(1)		(1)
Balance at end of period	(1)		(9)

Accumulated other comprehensive loss, end of period	$	(504)	$	(540)

* Refer to Note 17, "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.