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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities of Continuing Operations    
Net income attributable to Johnson Controls $ 251 $ 392
Income attributable to noncontrolling interests 79 79
Net income 330 471
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 409 432
Pension and postretirement benefit income (3) (51)
Pension and postretirement contributions (26) (76)
Equity in earnings of partially-owned affiliates, net of dividends received (55) 20
Deferred income taxes (168) (97)
Noncash restructuring and impairment charges 691 361
Equity-based compensation 61 57
Other - net (87) (64)
Changes in assets and liabilities, excluding acquisitions and divestitures:    
Accounts receivable (360) (306)
Inventories (493) (619)
Other assets (169) (206)
Restructuring reserves (17) (19)
Accounts payable and accrued liabilities (155) 489
Accrued income taxes 60 (68)
Cash provided by operating activities from continuing operations 18 324
Investing Activities of Continuing Operations    
Capital expenditures (255) (260)
Sale of property, plant and equipment 28 35
Acquisition of businesses, net of cash acquired (89) (124)
Business divestitures, net of cash divested 0 16
Other - net 2 1
Cash used by investing activities from continuing operations (314) (332)
Financing Activities of Continuing Operations    
Net proceeds from borrowings with maturities less than three months 1,288 1,517
Proceeds from debt 316 544
Repayments of debt (536) (2)
Stock repurchases and retirements (247) (1,035)
Payment of cash dividends (481) (430)
Employee equity-based compensation withholding taxes (32) (49)
Dividends paid to noncontrolling interests (72) (118)
Other - net 26 17
Cash provided by financing activities from continuing operations 262 444
Discontinued Operations    
Cash used by operating activities 0 (4)
Cash used by discontinued operations 0 (4)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 8 46
Increase (decrease) in cash, cash equivalents and restricted cash (26) 478
Cash, cash equivalents and restricted cash at beginning of period 2,066 1,342
Cash, cash equivalents and restricted cash at end of period 2,040 1,820
Less: Restricted cash 65 33
Cash and cash equivalents at end of period $ 1,975 $ 1,787