Tyco International Finance S.A.

TIFSA, a 100% owned subsidiary of the Company, has public debt securities outstanding which, as of September 30, 2016, were fully and unconditionally guaranteed by Johnson Controls and by Tyco Fire & Security Finance S.C.A. ("TIFSCA"), a wholly owned subsidiary of the Company and parent company TIFSA. During the first quarter of fiscal 2017, the guarantees were removed in connection with the previously disclosed debt exchange. The following tables present condensed consolidating financial information for Johnson Controls, TIFSCA, TIFSA and all other subsidiaries. Condensed financial information for the Company, TIFSCA and TIFSA on a stand-alone basis is presented using the equity method of accounting for subsidiaries.

The TIFSA public debt securities were assumed as part of the Tyco acquisition. Therefore, no consolidating financial information for the period ended June 30, 2016 is presented related to the guarantee of the TIFSA public debt securities. Additional information regarding TIFSA and TIFSCA for the period ended June 24, 2016 can be found in Tyco's Quarterly report on Form 10-Q filed with the SEC on July 29, 2016.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

For the Three Months Ended June 30, 2017



(in millions)	Johnson Controls International plc			Tyco Fire & Security Finance SCA			Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments			Total

Net sales	$	—		$	—		$	—		$	7,683		$	—		$	7,683
Cost of sales	—			—						5,252			—			5,252

Gross profit	—			—			—			2,431			—			2,431

Selling, general and administrative expenses	(1		)	—			—			(1,608		)	—			(1,609		)
Restructuring and impairment costs	—			—			—			(49		)	—			(49		)
Net financing charges	(59		)	(1		)	(3		)	(61		)	—			(124		)
Equity income	626			468			68			69			(1,162		)	69
Intercompany interest and fees	(11		)	89			(5		)	(73		)	—			—

Income from continuing operations before income taxes	555			556			60			709			(1,162		)	718

Income tax provision	—			—			—			89			—			89
Net income	555			556			60			620			(1,162		)	629

Income from continuing operations attributable to noncontrolling interests	—			—			—			74			—			74

Net income attributable to Johnson Controls	$	555		$	556		$	60		$	546		$	(1,162	)	$	555

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended June 30, 2017



(in millions)	Johnson Controls International plc			Tyco Fire & Security Finance SCA			Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments			Total

Net income	$	555		$	556		$	60		$	620		$	(1,162	)	$	629
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	268			(30		)	(4		)	319			(268		)	285
Realized and unrealized losses on derivatives	(7		)	—			—			(9		)	7			(9		)
Realized and unrealized gains (losses) on marketable securities	(3		)	—			(6		)	3			3			(3		)

Other comprehensive income (loss)	258			(30		)	(10		)	313			(258		)	273

Total comprehensive income	813			526			50			933			(1,420		)	902

Comprehensive income attributable to noncontrolling interests	—			—			—			89			—			89

Comprehensive income attributable to Johnson Controls	$	813		$	526		$	50		$	844		$	(1,420	)	$	813

CONDENSED CONSOLIDATING STATEMENT OF INCOME

For the Nine Months Ended June 30, 2017



(in millions)	Johnson Controls International plc			Tyco Fire & Security Finance SCA			Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments			Total

Net sales	$	—		$	—		$	—		$	22,036		$	—		$	22,036
Cost of sales	—			—			—			15,210			—			15,210

Gross profit	—			—			—			6,826			—			6,826

Selling, general and administrative expenses	(7		)	—			—			(4,898		)	—			(4,905		)
Restructuring and impairment costs	—			—			—			(226		)	—			(226		)
Net financing charges	(137		)	(1		)	(17		)	(221		)	—			(376		)
Equity income (loss)	841			(32		)	(433		)	177			(376		)	177
Intercompany interest and fees	39			162			32			(233		)	—			—

Income (loss) from continuing operations before income taxes	736			129			(418		)	1,425			(376		)	1,496

Income tax provision	—			—			—			570			—			570

Income (loss) from continuing operations	736			129			(418		)	855			(376		)	926

Income (loss) from sale of intercompany investment, net of tax	—			—			(935		)	—			935			—

Loss from discontinued operations, net of tax	—			—			—			(34		)	—			(34		)

Net income (loss)	736			129			(1,353		)	821			559			892

Income from continuing operations attributable to noncontrolling interests	—			—			—			147			—			147
Income from discontinued operations attributable to noncontrolling interests	—			—			—			9			—			9

Net income (loss) attributable to Johnson Controls	$	736		$	129		$	(1,353	)	$	665		$	559		$	736

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Nine Months Ended June 30, 2017



(in millions)	Johnson Controls International plc			Tyco Fire & Security Finance SCA			Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments			Total

Net income (loss)	$	736		$	129		$	(1,353	)	$	821		$	559		$	892
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(150		)	(37		)	22			(151		)	150			(166		)
Realized and unrealized losses on derivatives	(13		)	—			—			(13		)	13			(13		)
Realized and unrealized gains on marketable securities	6			—			1			5			(6		)	6

Other comprehensive income (loss)	(157		)	(37		)	23			(159		)	157			(173		)

Total comprehensive income (loss)	579			92			(1,330		)	662			716			719

Comprehensive income attributable to noncontrolling interests	—			—			—			140			—			140

Comprehensive income (loss) attributable to Johnson Controls	$	579		$	92		$	(1,330	)	$	522		$	716		$	579

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION

As of June 30, 2017



(in millions)	Johnson Controls International plc			Tyco Fire & Security Finance SCA		Tyco International Finance S.A.		Other Subsidiaries		Consolidating Adjustments			Total

Assets
Cash and cash equivalents	$	—		$	—	$	318	$	388	$	(248	)	$	458
Accounts receivable - net	—			—		—		6,443		—			6,443
Inventories	—			—		—		3,384		—			3,384
Intercompany receivables	1,857			1,786		38		8,279		(11,960		)	—
Assets held for sale	—			—		—		2,082		—			2,082
Other current assets	40			—		2		1,553		—			1,595
Current assets	$	1,897		$	1,786	$	358	$	22,129	$	(12,208	)	$	13,962

Property, plant and equipment - net	—			—		—		5,870		—			5,870
Goodwill	243			—		32		19,344		—			19,619
Other intangible assets - net	—			—		—		6,727		—			6,727
Investments in partially-owned affiliates	—			—		—		1,159		—			1,159
Investments in affiliates	18,098			29,456		22,515		—		(70,069		)	—
Intercompany loans receivable	17,862			4,140		2,836		4,688		(29,526		)	—
Other noncurrent assets	59			—		12		3,278		—			3,349
Total assets	$	38,159		$	35,382	$	25,753	$	63,195	$	(111,803	)	$	50,686

Liabilities and Equity
Short-term debt	$	1,592		$	76	$	—	$	536	$	(248	)	$	1,956
Current portion of long-term debt	444			—		18		81		—			543
Accounts payable	—			—		—		3,764		—			3,764
Accrued compensation and benefits	1			—		—		1,003		—			1,004
Liabilities held for sale	—			—		—		247		—			247
Intercompany payables	3,911			1,037		6,001		1,011		(11,960		)	—
Other current liabilities	350			3		24		3,624		—			4,001
Current liabilities	6,298			1,116		6,043		10,266		(12,208		)	11,515

Long-term debt	7,442			—		153		4,177		—			11,772
Pension and postretirement benefits	—			—		—		1,330		—			1,330
Intercompany loans payable	4,688			17,862		—		6,976		(29,526		)	—
Other noncurrent liabilities	—			—		24		5,241		—			5,265
Long-term liabilities	12,130			17,862		177		17,724		(29,526		)	18,367

Redeemable noncontrolling interests	—			—		—		189		—			189
Ordinary shares	9			—		—		—		—			9
Ordinary shares held in treasury	(481		)	—		—		—		—			(481		)
Other shareholders' equity	20,203			16,404		19,533		34,132		(70,069		)	20,203
Shareholders’ equity attributable to Johnson Controls	19,731			16,404		19,533		34,132		(70,069		)	19,731
Noncontrolling interests	—			—		—		884		—			884
Total equity	19,731			16,404		19,533		35,016		(70,069		)	20,615
Total liabilities and equity	$	38,159		$	35,382	$	25,753	$	63,195	$	(111,803	)	$	50,686

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended June 30, 2017



(in millions)	Johnson Controls International plc			Tyco Fire & Security Finance SCA			Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments			Total

Operating Activities
Net cash provided (used) by operating activities	$	136		$	—		$	97		$	(1,554	)	$	—		$	(1,321	)

Investing Activities
Capital expenditures	—			—			—			(996		)	—			(996		)
Sale of property, plant and equipment	—			—			—			23			—			23
Acquisition of businesses, net of cash acquired	—			—			(6		)	—			—			(6		)
Business divestitures	—			—			—			180			—			180
Changes in long-term investments	—			—			(11		)	(22		)	—			(33		)
Net change in intercompany loans receivable	—			—			10			357			(367		)	—
Increase in intercompany investment in subsidiaries	(1,924		)	(1,716		)	(76		)	—			3,716			—
Net cash used by investing activities	(1,924		)	(1,716		)	(83		)	(458		)	3,349			(832		)

Financing Activities
Increase (decrease) in short-term debt - net	1,592			76			—			(533		)	(248		)	887
Increase in long-term debt	1,544			—			—			9			—			1,553
Repayment of long-term debt	(46		)	—			(16		)	(910		)	—			(972		)
Debt financing costs	(17		)	—			—			(1		)	—			(18		)
Stock repurchases	(426		)	—			—			—			—			(426		)
Payment of cash dividends	(469		)	—			—			—			—			(469		)
Proceeds from the exercise of stock options	56			—			—			74			—			130
Net change in intercompany loans payable	(357		)	—			—			(10		)	367			—
Increase in equity from parent	—			1,640			76			2,000			(3,716		)	—
Change in noncontrolling interest share	—			—			—			8			—			8
Dividends paid to noncontrolling interests	—			—			—			(78		)	—			(78		)
Dividend from Adient spin-off	(87		)	—			—			2,137			—			2,050
Cash transferred to Adient related to spin-off	—			—			—			(665		)	—			(665		)
Cash paid related to prior acquisitions	—			—			—			(75		)	—			(75		)
Other	(13		)	—			—			3			—			(10		)
Net cash provided by financing activities	1,777			1,716			60			1,959			(3,597		)	1,915
Effect of exchange rate changes on cash and cash equivalents	—			—			—			12			—			12
Changes in cash held for sale	—			—			—			105			—			105
Increase (decrease) in cash and cash equivalents	(11		)	—			74			64			(248		)	(121		)
Cash and cash equivalents at beginning of period	11			—			244			324			—			579
Cash and cash equivalents at end of period	$	—		$	—		$	318		$	388		$	(248	)	$	458

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION

As of September 30, 2016



(in millions)	Johnson Controls International plc			Tyco Fire & Security Finance SCA		Tyco International Finance S.A.		Other Subsidiaries		Consolidating Adjustments			Total

Assets
Cash and cash equivalents	$	11		$	—	$	244	$	324	$	—		$	579
Accounts receivable - net	—			—		—		6,394		—			6,394
Inventories	—			—		—		2,888		—			2,888
Intercompany receivables	16			—		2		6,188		(6,206		)	—
Assets held for sale	—			—		—		5,812		—			5,812
Other current assets	6			—		1		1,429		—			1,436
Current assets	$	33		$	—	$	247	$	23,035	$	(6,206	)	$	17,109

Property, plant and equipment - net	—			—		—		5,632		—			5,632
Goodwill	—			—		274		20,750		—			21,024
Other intangible assets - net	—			—		—		7,540		—			7,540
Investments in partially-owned affiliates	—			—		—		990		—			990
Investments in affiliates	12,460			31,142		27,643		—		(71,245		)	—
Intercompany loans receivable	18,680			—		13,336		15,631		(47,647		)	—
Noncurrent assets held for sale	—			—		—		7,374		—			7,374
Other noncurrent assets	—			—		—		3,510		—			3,510
Total assets	$	31,173		$	31,142	$	41,500	$	84,462	$	(125,098	)	$	63,179

Liabilities and Equity
Short-term debt	$	—		$	—	$	—	$	1,078	$	—		$	1,078
Current portion of long-term debt	—			—		—		628		—			628
Accounts payable	1			—		—		3,999		—			4,000
Accrued compensation and benefits	—			—		—		1,333		—			1,333
Liabilities held for sale	—			—		—		4,276		—			4,276
Intercompany payables	3,873			—		2,315		18		(6,206		)	—
Other current liabilities	3			2		32		4,979		—			5,016
Current liabilities	3,877			2		2,347		16,311		(6,206		)	16,331

Long-term debt	—			—		2,413		8,640		—			11,053
Pension and postretirement benefits	—			—		—		1,550		—			1,550
Intercompany loans payable	3,178			18,680		12,453		13,336		(47,647		)	—
Noncurrent liabilities held for sale	—			—		—		3,888		—			3,888
Other noncurrent liabilities	—			—		22		5,011		—			5,033
Long-term liabilities	3,178			18,680		14,888		32,425		(47,647		)	21,524

Redeemable noncontrolling interest	—			—		—		234		—			234
Ordinary shares	9			—		—		—		—			9
Ordinary shares held in treasury	(20		)	—		—		—		—			(20		)
Other shareholders' equity	24,129			12,460		24,265		34,520		(71,245		)	24,129
Shareholders’ equity attributable to Johnson Controls	24,118			12,460		24,265		34,520		(71,245		)	24,118
Noncontrolling interests	—			—		—		972		—			972
Total equity	24,118			12,460		24,265		35,492		(71,245		)	25,090
Total liabilities and equity	$	31,173		$	31,142	$	41,500	$	84,462	$	(125,098	)	$	63,179