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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Operating Activities of Continuing Operations      
Net income from continuing operations attributable to Johnson Controls $ 1,513 $ 631 $ 1,100
Income from continuing operations attributable to noncontrolling interests 233 164 189
Net income from continuing operations 1,746 795 1,289
Adjustments to reconcile net income from continuing operations to cash provided by operating activities:      
Depreciation and amortization 845 822 825
Pension and postretirement benefit expense (income) (551) 118 515
Pension and postretirement contributions (68) (61) (53)
Equity in earnings of partially-owned affiliates, net of dividends received (117) (36) (34)
Deferred income taxes 36 (537) 612
Non-cash restructuring and impairment charges 98 582 235
Equity-based compensation 76 74 95
Other - net (85) (90) 29
Changes in assets and liabilities, excluding acquisitions and divestitures:      
Accounts receivable (143) 534 (312)
Inventories (219) 45 (72)
Other assets (164) (52) (99)
Restructuring reserves (44) (29) (121)
Accounts payable and accrued liabilities 813 (717) 56
Accrued income taxes 328 1,031 (1,222)
Cash provided by operating activities from continuing operations 2,551 2,479 1,743
Investing Activities of Continuing Operations      
Capital expenditures (552) (443) (586)
Sale of property, plant and equipment 124 127 27
Acquisition of businesses, net of cash acquired (725) (77) (25)
Business divestitures, net of cash divested 19 135 12
Changes in long-term investments 8 0 25
Proceeds for equity swap 35 0 14
Other - net 1 0 0
Cash used by investing activities from continuing operations (1,090) (258) (533)
Financing Activities of Continuing Operations      
Decrease in short-term debt - net (17) (33) (1,296)
Increase in long-term debt 496 1,804 0
Repayment of long-term debt (507) (1,386) (2,333)
Debt financing costs (3) (12) 0
Stock repurchases and retirements (1,307) (2,204) (5,983)
Payment of cash dividends (762) (790) (920)
Proceeds from the exercise of stock options 178 75 171
Dividends paid to noncontrolling interests (142) (114) (132)
Cash received related to prior acquisitions and divestitures, net 1 2 4
Employee equity-based compensation withholding (33) (34) (31)
Cash paid to acquire a noncontrolling interest (14) (132) 0
Other - net (21) 0 1
Cash used by financing activities from continuing operations (2,131) (2,824) (10,519)
Cash Used by Operating Activities, Discontinued Operations (64) (260) (541)
Cash Provided by Investing Activities, Discontinued Operations 0 0 12,611
Cash Used by Financing Activities, Discontinued Operations 0 (113) (35)
Cash Provided (Used) by Discontinued Operations (64) (373) 12,035
Effect of exchange rate changes on cash, cash equivalents and restricted cash 116 115 (120)
Change in cash, cash equivalents and restricted cash held for sale 0 0 15
Increase (decrease) in cash, cash equivalents and restricted cash (618) (861) 2,621
Cash, cash equivalents and restricted cash at beginning of period 1,960 2,821 200
Cash, cash equivalents and restricted cash at end of period 1,342 1,960 2,821
Less: Restricted cash 6 9 16
Cash and cash equivalents at end of period $ 1,336 $ 1,951 $ 2,805