XML 19 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating Activities    
Net income attributable to Johnson Controls $ 230 $ 329
Income from continuing operations attributable to noncontrolling interests 41 40
Income from discontinued operations attributable to noncontrolling interests 0 9
Net income 271 378
Adjustments to reconcile net income to cash used by operating activities:    
Depreciation and amortization 272 346
Pension and postretirement benefit income (36) (155)
Pension and postretirement contributions (24) (247)
Equity in earnings of partially-owned affiliates, net of dividends received (36) (64)
Deferred income taxes (79) 580
Non-cash restructuring and impairment charges 30 16
Gain on divestitures (114) 0
Equity-based compensation 30 37
Other (13) 0
Changes in assets and liabilities, excluding acquisitions and divestitures:    
Accounts receivable (30) 37
Inventories (233) (142)
Other assets 64 (87)
Restructuring reserves 93 20
Accounts payable and accrued liabilities (623) (796)
Accrued income taxes 299 (1,808)
Cash used by operating activities (129) (1,885)
Investing Activities    
Capital expenditures (230) (371)
Sale of property, plant and equipment 5 2
Acquisition of businesses, net of cash acquired 0 (3)
Business divestitures 2,011 47
Changes in long-term investments (12) (6)
Cash provided (used) by investing activities 1,774 (331)
Financing Activities    
Increase in short-term debt - net 304 1,312
Increase in long-term debt 885 7
Repayment of long-term debt (2,234) (763)
Debt financing costs (4) (6)
Stock repurchases (150) 0
Payment of cash dividends (232) 0
Proceeds from the exercise of stock options 16 29
Employee equity-based compensation withholding taxes (25) (25)
Dividends paid to noncontrolling interests 0 (31)
Dividend from Adient spin-off 0 2,050
Cash transferred to Adient related to spin-off 0 (564)
Cash paid related to prior acquistions 0 (45)
Cash provided (used) by financing activities (1,440) 1,964
Effect of exchange rate changes on cash and cash equivalents 17 (55)
Change in cash held for sale 9 105
Increase (decrease) in cash and cash equivalents 231 (202)
Cash and cash equivalents at beginning of period 321 579
Cash and cash equivalents at end of period $ 552 $ 377