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Segment Information
6 Months Ended
Mar. 31, 2024
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Segment Information SEGMENT INFORMATION
ASC 280, "Segment Reporting," establishes the standards for reporting information about segments in financial statements. In applying the criteria set forth in ASC 280, the Company has determined that it has four reportable segments for financial reporting purposes.

The Company conducts its business through four operating segments, all of which are reportable segments:

Building Solutions North America which operates in the United States and Canada;
Building Solutions EMEA/LA which operates in Europe, the Middle East, Africa and Latin America;
Building Solutions Asia Pacific which operates in Asia Pacific; and
Global Products which operates worldwide and includes the Johnson Controls-Hitachi joint venture.

The Building Solutions segments:

Design, sell, install and service HVAC, controls, building management, refrigeration, integrated electronic security and integrated fire-detection and suppression systems; and
Provide energy-efficiency solutions and technical services, including data-driven "smart building" solutions as well as inspection, scheduled maintenance, and repair and replacement of mechanical and controls systems.
The Global Products segment designs, manufactures and sells:

HVAC equipment, controls software and software services for residential and commercial applications;
Refrigeration equipment and controls;
Fire protection and suppression; and
Security products, including intrusion security, anti-theft devices, access control, and video surveillance and management systems.

The Company’s segments provide products and services to commercial, institutional, industrial, data center, governmental and residential customers.

Management evaluates the performance of its segments primarily on segment earnings before interest, taxes and amortization ("EBITA"), which represents income before income taxes and noncontrolling interests, excluding corporate expenses, amortization of intangible assets, restructuring and impairment costs, the water systems AFFF settlement costs, net mark-to-market gains and losses related to pension and postretirement plans and restricted asbestos investments, and net financing charges.

Financial information relating to the Company’s reportable segments is as follows (in millions):
 Net Sales
 Three Months Ended
March 31,
Six Months Ended
March 31,
 2024202320242023
Building Solutions North America$2,739 $2,520 $5,226 $4,887 
Building Solutions EMEA/LA1,064 1,031 2,102 2,006 
Building Solutions Asia Pacific491 667 998 1,313 
Global Products2,405 2,468 4,467 4,548 
   Total net sales$6,699 $6,686 $12,793 $12,754 

 Segment EBITA
 Three Months Ended
March 31,
Six Months Ended
March 31,
2024202320242023
Building Solutions North America$373 $315 $658 $582 
Building Solutions EMEA/LA89 69 169 144 
Building Solutions Asia Pacific54 79 100 147 
Global Products429 488 798 870 
Total segment EBITA945 951 1,725 1,743 
Corporate expenses99 131 238 240 
Amortization of intangible assets125 104 247 208 
Restructuring and impairment costs254 418 293 763 
Water systems AFFF settlement (1)
750 — 750 — 
Net mark-to-market losses (gains)(15)(37)
Net financing charges93 71 192 138 
Income (loss) before income taxes$(361)$223 $42 $393 
(1) Refer to Note 21, "Commitments and Contingencies," of the notes to the consolidated financial statements for further disclosure related to the water systems AFFF settlement.