Equity and Noncontrolling Interests

3 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Equity and Noncontrolling Interests

Equity

Share repurchase program

For the three months ended December 31, 2021 and 2020, the Company repurchased and immediately retired $526 million and $346 million of its ordinary shares, respectively. In March 2021, the Company's Board of Directors approved a $4 billion increase to the Company's share repurchase authorization, adding to the $2 billion remaining as of December 31, 2020 under the prior share repurchase authorization approved in 2019. As of December 31, 2021, approximately $4.5 billion remains available under the Company's share repurchase authorization.

Accumulated Other Comprehensive Income (Loss)

The following schedules present changes in AOCI attributable to Johnson Controls (in millions, net of tax):

	Three Months Ended December 31,
	2021		2020
Foreign currency translation adjustments
Balance at beginning of period	$	(421)	$	(778)
Aggregate adjustment for the period (net of tax effect of $0 and $0)	84		272
Balance at end of period	(337)		(506)
Realized and unrealized gains (losses) on derivatives
Balance at beginning of period	(17)		2
Current period changes in fair value (net of tax effect of $3 and $2)	4		2
Reclassification to income (net of tax effect of $0 and $0) *	—		(1)
Balance at end of period	(13)		3
Pension and postretirement plans
Balance at beginning of period	4		—
Reclassification to income (net of tax effect of $0 and $0)	(1)		(1)
Balance at end of period	3		(1)
Accumulated other comprehensive loss, end of period	$	(347)	$	(504)

* Refer to Note 11, "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.