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TIFSA (Notes) | 3 Months Ended
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Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Tyco International Finance S.A. | Tyco International Finance S.A. 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 of TIFSA. During the first quarter of fiscal 2017, the guarantees were removed. 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. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the Three Months Ended December 31, 2017
(in millions) | Johnson Controls International plc |  | Tyco Fire & Security Finance SCA |  | Tyco International Finance S.A. |  | Other Subsidiaries |  | Consolidating Adjustments |  | Total
Net sales | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7,435 |  |  | $ | — |  |  | $ | 7,435 |
Cost of sales | — |  |  | — |  |  | — |  |  | 5,266 |  |  | — |  |  | 5,266 |
Gross profit | — |  |  | — |  |  | — |  |  | 2,169 |  |  | — |  |  | 2,169 |
Selling, general and administrative expenses | (3 | ) |  | — |  |  | — |  |  | (1,414 | ) |  | — |  |  | (1,417 | )
Restructuring and impairment costs | — |  |  | — |  |  | — |  |  | (158 | ) |  | — |  |  | (158 | )
Net financing charges | (50 | ) |  | 1 |  |  | (2 | ) |  | (65 | ) |  | — |  |  | (116 | )
Equity income | 285 |  |  | 188 |  |  | 142 |  |  | 60 |  |  | (615 | ) |  | 60 |
Intercompany interest and fees | (2 | ) |  | 85 |  |  | (29 | ) |  | (54 | ) |  | — |  |  | — |
Income from continuing operations before income taxes | 230 |  |  | 274 |  |  | 111 |  |  | 538 |  |  | (615 | ) |  | 538 |
Income tax provision | — |  |  | — |  |  | — |  |  | 267 |  |  | — |  |  | 267 |
Net income | 230 |  |  | 274 |  |  | 111 |  |  | 271 |  |  | (615 | ) |  | 271 |
Income from continuing operations attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | 41 |  |  | — |  |  | 41 |
Net income attributable to Johnson Controls | $ | 230 |  |  | $ | 274 |  |  | $ | 111 |  |  | $ | 230 |  |  | $ | (615 | ) |  | $ | 230 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) For the Three Months Ended December 31, 2017
(in millions) | Johnson Controls International plc |  | Tyco Fire & Security Finance SCA |  | Tyco International Finance S.A. |  | Other Subsidiaries |  | Consolidating Adjustments |  | Total
Net income | $ | 230 |  |  | $ | 274 |  |  | $ | 111 |  |  | $ | 271 |  |  | $ | (615 | ) |  | $ | 271 |
Other comprehensive income (loss), net of tax |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | 58 |  |  | (7 | ) |  | (1 | ) |  | 53 |  |  | (24 | ) |  | 79 |
Realized and unrealized gains (losses) on derivatives | 1 |  |  | — |  |  | — |  |  | (1 | ) |  | (1 | ) |  | (1 | )
Realized and unrealized gains (losses) on marketable securities | — |  |  | — |  |  | (4 | ) |  | 4 |  |  | — |  |  | — |
Other comprehensive income (loss) | 59 |  |  | (7 | ) |  | (5 | ) |  | 56 |  |  | (25 | ) |  | 78 |
Total comprehensive income | 289 |  |  | 267 |  |  | 106 |  |  | 327 |  |  | (640 | ) |  | 349 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | 60 |  |  | — |  |  | 60 |
Comprehensive income attributable to Johnson Controls | $ | 289 |  |  | $ | 267 |  |  | $ | 106 |  |  | $ | 267 |  |  | $ | (640 | ) |  | $ | 289 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the Three Months Ended December 31, 2016
(in millions) | Johnson Controls International plc |  | Tyco Fire & Security Finance SCA |  | Tyco International Finance S.A. |  | Other Subsidiaries |  | Consolidating Adjustments |  | Total
Net sales | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7,086 |  |  | $ | — |  |  | $ | 7,086 |
Cost of sales | — |  |  | — |  |  | — |  |  | 4,972 |  |  | — |  |  | 4,972 |
Gross profit | — |  |  | — |  |  | — |  |  | 2,114 |  |  | — |  |  | 2,114 |
Selling, general and administrative expenses | (2 | ) |  | — |  |  | 1 |  |  | (1,569 | ) |  | — |  |  | (1,570 | )
Restructuring and impairment costs | — |  |  | — |  |  | — |  |  | (78 | ) |  | — |  |  | (78 | )
Net financing charges | (19 | ) |  | — |  |  | (19 | ) |  | (98 | ) |  | — |  |  | (136 | )
Equity income (loss) | 318 |  |  | (286 | ) |  | (110 | ) |  | 55 |  |  | 78 |  |  | 55 |
Intercompany interest and fees | 32 |  |  | — |  |  | 17 |  |  | (49 | ) |  | — |  |  | — |
Income (loss) from continuing operations before income taxes | 329 |  |  | (286 | ) |  | (111 | ) |  | 375 |  |  | 78 |  |  | 385 |
Income tax benefit | — |  |  | — |  |  | — |  |  | (27 | ) |  | — |  |  | (27 | )
Income (loss) from continuing operations | 329 |  |  | (286 | ) |  | (111 | ) |  | 402 |  |  | 78 |  |  | 412 |
Income (loss) from sale of intercompany investment, net of tax | — |  |  | — |  |  | (935 | ) |  | — |  |  | 935 |  |  | — |
Loss from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | (34 | ) |  | — |  |  | (34 | )
Net income (loss) | 329 |  |  | (286 | ) |  | (1,046 | ) |  | 368 |  |  | 1,013 |  |  | 378 |
Income from continuing operations attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | 40 |  |  | — |  |  | 40 |
Income from discontinued operations attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Net income (loss) attributable to Johnson Controls | $ | 329 |  |  | $ | (286 | ) |  | $ | (1,046 | ) |  | $ | 319 |  |  | $ | 1,013 |  |  | $ | 329 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) For the Three Months Ended December 31, 2016
(in millions) | Johnson Controls International plc |  | Tyco Fire & Security Finance SCA |  | Tyco International Finance S.A. |  | Other Subsidiaries |  | Consolidating Adjustments |  | Total
Net income (loss) | $ | 329 |  |  | $ | (286 | ) |  | $ | (1,046 | ) |  | $ | 368 |  |  | $ | 1,013 |  |  | $ | 378 |
Other comprehensive income (loss), net of tax |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (659 | ) |  | — |  |  | 27 |  |  | (730 | ) |  | 659 |  |  | (703 | )
Realized and unrealized gains on derivatives | — |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Realized and unrealized gains (losses) on marketable securities | (2 | ) |  | — |  |  | — |  |  | (2 | ) |  | 2 |  |  | (2 | )
Other comprehensive income (loss) | (661 | ) |  | — |  |  | 27 |  |  | (728 | ) |  | 661 |  |  | (701 | )
Total comprehensive income (loss) | (332 | ) |  | (286 | ) |  | (1,019 | ) |  | (360 | ) |  | 1,674 |  |  | (323 | )
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Comprehensive income (loss) attributable to Johnson Controls | $ | (332 | ) |  | $ | (286 | ) |  | $ | (1,019 | ) |  | $ | (369 | ) |  | $ | 1,674 |  |  | $ | (332 | )
CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION As of December 31, 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 | $ | 285 |  |  | $ | 108 |  |  | $ | 81 |  |  | $ | 991 |  |  | $ | (913 | ) |  | $ | 552 |
Accounts receivable - net | — |  |  | — |  |  | — |  |  | 6,731 |  |  | — |  |  | 6,731 |
Inventories | — |  |  | — |  |  | — |  |  | 3,459 |  |  | — |  |  | 3,459 |
Intercompany receivables | 323 |  |  | 1,824 |  |  | 397 |  |  | 22,957 |  |  | (25,501 | ) |  | — |
Assets held for sale | — |  |  | — |  |  | — |  |  | 40 |  |  | — |  |  | 40 |
Other current assets | 46 |  |  | — |  |  | 1 |  |  | 1,600 |  |  | — |  |  | 1,647 |
Current assets | 654 |  |  | 1,932 |  |  | 479 |  |  | 35,778 |  |  | (26,414 | ) |  | 12,429 |
Property, plant and equipment - net | — |  |  | — |  |  | — |  |  | 6,105 |  |  | — |  |  | 6,105 |
Goodwill | 243 |  |  | — |  |  | 32 |  |  | 19,442 |  |  | — |  |  | 19,717 |
Other intangible assets - net | — |  |  | — |  |  | — |  |  | 6,657 |  |  | — |  |  | 6,657 |
Investments in partially-owned affiliates | — |  |  | — |  |  | — |  |  | 1,219 |  |  | — |  |  | 1,219 |
Investments in affiliates | 38,975 |  |  | 32,053 |  |  | 21,422 |  |  | — |  |  | (92,450 | ) |  | — |
Intercompany loans receivable | — |  |  | 4,140 |  |  | 2,836 |  |  | 9,004 |  |  | (15,980 | ) |  | — |
Other noncurrent assets | 68 |  |  | — |  |  | 2 |  |  | 3,570 |  |  | — |  |  | 3,640 |
Total assets | $ | 39,940 |  |  | $ | 38,125 |  |  | $ | 24,771 |  |  | $ | 81,775 |  |  | $ | (134,844 | ) |  | $ | 49,767 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | 1,820 |  |  | $ | — |  |  | $ | — |  |  | $ | 607 |  |  | $ | (913 | ) |  | $ | 1,514 |
Current portion of long-term debt | 49 |  |  | — |  |  | 18 |  |  | 24 |  |  | — |  |  | 91 |
Accounts payable | 1 |  |  | — |  |  | — |  |  | 4,019 |  |  | — |  |  | 4,020 |
Accrued compensation and benefits | 1 |  |  | — |  |  | — |  |  | 882 |  |  | — |  |  | 883 |
Deferred revenue | — |  |  | — |  |  | — |  |  | 1,368 |  |  | — |  |  | 1,368 |
Intercompany payables | 3,753 |  |  | 18,978 |  |  | 1,958 |  |  | 812 |  |  | (25,501 | ) |  | — |
Other current liabilities | 376 |  |  | 1 |  |  | 24 |  |  | 2,969 |  |  | — |  |  | 3,370 |
Current liabilities | 6,000 |  |  | 18,979 |  |  | 2,000 |  |  | 10,681 |  |  | (26,414 | ) |  | 11,246 |
Long-term debt | 8,717 |  |  | — |  |  | 153 |  |  | 2,025 |  |  | — |  |  | 10,895 |
Pension and postretirement benefits | — |  |  | — |  |  | — |  |  | 896 |  |  | — |  |  | 896 |
Intercompany loans payable | 4,688 |  |  | — |  |  | 4,316 |  |  | 6,976 |  |  | (15,980 | ) |  | — |
Other noncurrent liabilities | — |  |  | — |  |  | 23 |  |  | 4,981 |  |  | — |  |  | 5,004 |
Long-term liabilities | 13,405 |  |  | — |  |  | 4,492 |  |  | 14,878 |  |  | (15,980 | ) |  | 16,795 |
Redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | 226 |  |  | — |  |  | 226 |
Ordinary shares | 9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9 |
Ordinary shares held in treasury | (885 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (885 | )
Other shareholders' equity | 21,411 |  |  | 19,146 |  |  | 18,279 |  |  | 55,025 |  |  | (92,450 | ) |  | 21,411 |
Shareholders’ equity attributable to Johnson Controls | 20,535 |  |  | 19,146 |  |  | 18,279 |  |  | 55,025 |  |  | (92,450 | ) |  | 20,535 |
Noncontrolling interests | — |  |  | — |  |  | — |  |  | 965 |  |  | — |  |  | 965 |
Total equity | 20,535 |  |  | 19,146 |  |  | 18,279 |  |  | 55,990 |  |  | (92,450 | ) |  | 21,500 |
Total liabilities and equity | $ | 39,940 |  |  | $ | 38,125 |  |  | $ | 24,771 |  |  | $ | 81,775 |  |  | $ | (134,844 | ) |  | $ | 49,767 |
CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION As of September 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 | $ | — |  |  | $ | 107 |  |  | $ | 382 |  |  | $ | 718 |  |  | $ | (886 | ) |  | $ | 321 |
Accounts receivable - net | — |  |  | — |  |  | — |  |  | 6,666 |  |  | — |  |  | 6,666 |
Inventories | — |  |  | — |  |  | — |  |  | 3,209 |  |  | — |  |  | 3,209 |
Intercompany receivables | 1,580 |  |  | 1,732 |  |  | 55 |  |  | 4,470 |  |  | (7,837 | ) |  | — |
Assets held for sale | — |  |  | — |  |  | — |  |  | 189 |  |  | — |  |  | 189 |
Other current assets | 14 |  |  | — |  |  | 1 |  |  | 1,892 |  |  | — |  |  | 1,907 |
Current assets | $ | 1,594 |  |  | $ | 1,839 |  |  | $ | 438 |  |  | $ | 17,144 |  |  | $ | (8,723 | ) |  | $ | 12,292 |
Property, plant and equipment - net | — |  |  | — |  |  | — |  |  | 6,121 |  |  | — |  |  | 6,121 |
Goodwill | 243 |  |  | — |  |  | 32 |  |  | 19,413 |  |  | — |  |  | 19,688 |
Other intangible assets - net | — |  |  | — |  |  | — |  |  | 6,741 |  |  | — |  |  | 6,741 |
Investments in partially-owned affiliates | — |  |  | — |  |  | — |  |  | 1,191 |  |  | — |  |  | 1,191 |
Investments in affiliates | 19,487 |  |  | 31,594 |  |  | 21,132 |  |  | — |  |  | (72,213 | ) |  | — |
Intercompany loans receivable | 17,908 |  |  | 4,140 |  |  | 2,836 |  |  | 9,004 |  |  | (33,888 | ) |  | — |
Noncurrent assets held for sale | — |  |  | — |  |  | — |  |  | 1,920 |  |  | — |  |  | 1,920 |
Other noncurrent assets | 56 |  |  | — |  |  | 7 |  |  | 3,868 |  |  | — |  |  | 3,931 |
Total assets | $ | 39,288 |  |  | $ | 37,573 |  |  | $ | 24,445 |  |  | $ | 65,402 |  |  | $ | (114,824 | ) |  | $ | 51,884 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | 1,476 |  |  | $ | — |  |  | $ | — |  |  | $ | 624 |  |  | $ | (886 | ) |  | $ | 1,214 |
Current portion of long-term debt | 307 |  |  | — |  |  | 18 |  |  | 69 |  |  | — |  |  | 394 |
Accounts payable | — |  |  | — |  |  | — |  |  | 4,271 |  |  | — |  |  | 4,271 |
Accrued compensation and benefits | 4 |  |  | — |  |  | — |  |  | 1,067 |  |  | — |  |  | 1,071 |
Deferred revenue | — |  |  | — |  |  | — |  |  | 1,279 |  |  | — |  |  | 1,279 |
Liabilities held for sale | — |  |  | — |  |  | — |  |  | 72 |  |  | — |  |  | 72 |
Intercompany payables | 4,236 |  |  | 1,055 |  |  | 1,886 |  |  | 660 |  |  | (7,837 | ) |  | — |
Other current liabilities | 324 |  |  | 2 |  |  | 24 |  |  | 3,203 |  |  | — |  |  | 3,553 |
Current liabilities | 6,347 |  |  | 1,057 |  |  | 1,928 |  |  | 11,245 |  |  | (8,723 | ) |  | 11,854 |
Long-term debt | 7,806 |  |  | — |  |  | 152 |  |  | 4,006 |  |  | — |  |  | 11,964 |
Pension and postretirement benefits | — |  |  | — |  |  | — |  |  | 947 |  |  | — |  |  | 947 |
Intercompany loans payable | 4,688 |  |  | 17,908 |  |  | 4,316 |  |  | 6,976 |  |  | (33,888 | ) |  | — |
Noncurrent liabilities held for sale | — |  |  | — |  |  | — |  |  | 173 |  |  | — |  |  | 173 |
Other noncurrent liabilities | — |  |  | — |  |  | 24 |  |  | 5,344 |  |  | — |  |  | 5,368 |
Long-term liabilities | 12,494 |  |  | 17,908 |  |  | 4,492 |  |  | 17,446 |  |  | (33,888 | ) |  | 18,452 |
Redeemable noncontrolling interest | — |  |  | — |  |  | — |  |  | 211 |  |  | — |  |  | 211 |
Ordinary shares | 9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9 |
Ordinary shares held in treasury | (710 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (710 | )
Other shareholders' equity | 21,148 |  |  | 18,608 |  |  | 18,025 |  |  | 35,580 |  |  | (72,213 | ) |  | 21,148 |
Shareholders’ equity attributable to Johnson Controls | 20,447 |  |  | 18,608 |  |  | 18,025 |  |  | 35,580 |  |  | (72,213 | ) |  | 20,447 |
Noncontrolling interests | — |  |  | — |  |  | — |  |  | 920 |  |  | — |  |  | 920 |
Total equity | 20,447 |  |  | 18,608 |  |  | 18,025 |  |  | 36,500 |  |  | (72,213 | ) |  | 21,367 |
Total liabilities and equity | $ | 39,288 |  |  | $ | 37,573 |  |  | $ | 24,445 |  |  | $ | 65,402 |  |  | $ | (114,824 | ) |  | $ | 51,884 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended December 31, 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 | $ | (135 | ) |  | $ | 1 |  |  | $ | 33 |  |  | $ | (28 | ) |  | $ | — |  |  | $ | (129 | )
Investing Activities |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | — |  |  | — |  |  | (230 | ) |  | — |  |  | (230 | )
Sale of property, plant and equipment | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Business divestitures | — |  |  | — |  |  | — |  |  | 2,011 |  |  | — |  |  | 2,011 |
Changes in long-term investments | — |  |  | — |  |  | — |  |  | (12 | ) |  | — |  |  | (12 | )
Net change in intercompany loans receivable | 300 |  |  | — |  |  | (334 | ) |  | 480 |  |  | (446 | ) |  | — |
Net cash provided (used) by investing activities | 300 |  |  | — |  |  | (334 | ) |  | 2,254 |  |  | (446 | ) |  | 1,774 |
Financing Activities |  |  |  |  |  |  |  |  |  |  |
Increase (decrease) in short-term debt - net | 344 |  |  | — |  |  | — |  |  | (13 | ) |  | (27 | ) |  | 304 |
Increase in long-term debt | 885 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 885 |
Repayment of long-term debt | (259 | ) |  | — |  |  | — |  |  | (1,975 | ) |  | — |  |  | (2,234 | )
Debt financing costs | (4 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (4 | )
Stock repurchases | (150 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (150 | )
Payment of cash dividends | (232 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (232 | )
Proceeds from the exercise of stock options | 16 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 16 |
Employee equity-based compensation withholding taxes | — |  |  | — |  |  | — |  |  | (25 | ) |  | — |  |  | (25 | )
Net change in intercompany loans payable | (480 | ) |  | — |  |  | — |  |  | 34 |  |  | 446 |  |  | — |
Net cash provided (used) by financing activities | 120 |  |  | — |  |  | — |  |  | (1,979 | ) |  | 419 |  |  | (1,440 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | — |  |  | 17 |  |  | — |  |  | 17 |
Change in cash held for sale | — |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Increase (decrease) in cash and cash equivalents | 285 |  |  | 1 |  |  | (301 | ) |  | 273 |  |  | (27 | ) |  | 231 |
Cash and cash equivalents at beginning of period | — |  |  | 107 |  |  | 382 |  |  | 718 |  |  | (886 | ) |  | 321 |
Cash and cash equivalents at end of period | $ | 285 |  |  | $ | 108 |  |  | $ | 81 |  |  | $ | 991 |  |  | $ | (913 | ) |  | $ | 552 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended December 31, 2016
(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 | $ | 211 |  |  | $ | — |  |  | $ | 32 |  |  | $ | (2,128 | ) |  | $ | — |  |  | $ | (1,885 | )
Investing Activities |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | — |  |  | — |  |  | (371 | ) |  | — |  |  | (371 | )
Sale of property, plant and equipment | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Acquisition of businesses, net of cash acquired | — |  |  | — |  |  | (6 | ) |  | 3 |  |  | — |  |  | (3 | )
Business divestitures | — |  |  | — |  |  | — |  |  | 47 |  |  | — |  |  | 47 |
Changes in long-term investments | — |  |  | — |  |  | — |  |  | (6 | ) |  | — |  |  | (6 | )
Net change in intercompany loans receivable | — |  |  | — |  |  | 10 |  |  | — |  |  | (10 | ) |  | — |
Net cash provided (used) by investing activities | — |  |  | — |  |  | 4 |  |  | (325 | ) |  | (10 | ) |  | (331 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |
Increase in short-term debt - net | 105 |  |  | — |  |  | — |  |  | 1,460 |  |  | (253 | ) |  | 1,312 |
Increase in long-term debt | — |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Repayment of long-term debt | — |  |  | — |  |  | — |  |  | (763 | ) |  | — |  |  | (763 | )
Debt financing costs | (6 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (6 | )
Proceeds from the exercise of stock options | 29 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 29 |
Employee equity-based compensation withholding taxes | — |  |  | — |  |  | — |  |  | (25 | ) |  | — |  |  | (25 | )
Net change in intercompany loans payable | — |  |  | — |  |  | — |  |  | (10 | ) |  | 10 |  |  | — |
Dividends paid to noncontrolling interests | — |  |  | — |  |  | — |  |  | (31 | ) |  | — |  |  | (31 | )
Dividend from Adient spin-off | — |  |  | — |  |  | — |  |  | 2,050 |  |  | — |  |  | 2,050 |
Cash transferred to Adient related to spin-off | — |  |  | — |  |  | — |  |  | (564 | ) |  | — |  |  | (564 | )
Cash paid related to prior acquisitions | — |  |  | — |  |  | — |  |  | (45 | ) |  | — |  |  | (45 | )
Net cash provided (used) by financing activities | 128 |  |  | — |  |  | — |  |  | 2,079 |  |  | (243 | ) |  | 1,964 |
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | — |  |  | (55 | ) |  | — |  |  | (55 | )
Change in cash held for sale | — |  |  | — |  |  | — |  |  | 105 |  |  | — |  |  | 105 |
Increase (decrease) in cash and cash equivalents | 339 |  |  | — |  |  | 36 |  |  | (324 | ) |  | (253 | ) |  | (202 | )
Cash and cash equivalents at beginning of period | 11 |  |  | — |  |  | 244 |  |  | 324 |  |  | — |  |  | 579 |
Cash and cash equivalents at end of period | $ | 350 |  |  | $ | — |  |  | $ | 280 |  |  | $ | — |  |  | $ | (253 | ) |  | $ | 377 |

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