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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Net sales $ 6,686 $ 6,098 $ 12,754 $ 11,960
Cost of sales 4,445 4,141 8,422 8,112
Gross profit 2,241 1,957 4,332 3,848
Selling, general and administrative expenses (1,579) (1,454) (3,150) (2,823)
Restructuring and impairment costs (418) (384) (763) (433)
Net financing charges (71) (51) (138) (104)
Equity income 50 42 112 112
Income before income taxes 223 110 393 600
Income tax provision 49 58 63 129
Net income 174 52 330 471
Income attributable to noncontrolling interests 41 41 79 79
Net income attributable to Johnson Controls $ 133 $ 11 $ 251 $ 392
Earnings per share attributable to Johnson Controls        
Basic (in dollars per share) $ 0.19 $ 0.02 $ 0.37 $ 0.56
Diluted (in dollars per share) $ 0.19 $ 0.02 $ 0.36 $ 0.56
Products and systems        
Net sales $ 5,083 $ 4,617 $ 9,639 $ 9,037
Cost of sales 3,516 3,294 6,629 6,447
Services        
Net sales 1,603 1,481 3,115 2,923
Cost of sales $ 929 $ 847 $ 1,793 $ 1,665