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Equity and Noncontrolling Interests (Notes) | 12 Months Ended
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Sep. 30, 2021
Stockholders' Equity Note [Abstract] |
EQUITY AND NONCONTROLLING INTERESTS | EQUITY AND NONCONTROLLING INTERESTS Dividends The authority to declare and pay dividends is vested in the Board of Directors. The timing, declaration and payment of future dividends to holders of the Company's ordinary shares is determined by the Company's Board of Directors and depends upon many factors, including the Company's financial condition and results of operations, the capital requirements of the Company's businesses, industry practice and any other relevant factors. Under Irish law, dividends may only be paid (and share repurchases and redemptions must generally be funded) out of "distributable reserves." The creation of distributable reserves was accomplished by way of a capital reduction, which the Irish High Court approved on December 18, 2014 and as acquired in conjunction with the Merger. Share Repurchase Program In March 2021, the Company's Board of Directors approved a $4.0 billion increase to the Company's share repurchase authorization, adding to the $2.0 billion remaining as of December 31, 2020 under the prior share repurchase authorization approved in 2019. The share repurchase program does not have an expiration date and may be amended or terminated by the Board of Directors at any time without prior notice. As of September 30, 2021, approximately $5.1 billion remains available under the share repurchase program. During fiscal year 2021, the Company repurchased and retired approximately $1,307 million of its ordinary shares. During fiscal year 2020, the Company repurchased and retired approximately $2,204 million of its ordinary shares. During fiscal year 2019, the Company repurchased approximately $5,983 million of its ordinary shares, of which $4,035 million of its ordinary shares were purchased through a publicly announced "modified Dutch auction" tender offer and immediately retired, and $1,948 million of its ordinary shares were purchased on an open market and retired in the fourth quarter of fiscal 2019. Other comprehensive income includes activity relating to discontinued operations. The following schedules present changes in consolidated equity attributable to Johnson Controls and noncontrolling interests (in millions, net of tax):
| Equity Attributable to Johnson Controls International plc |  | Equity Attributable to Noncontrolling Interests |  | Total Equity
At September 30, 2018 | $ | 21,164 |  |  | $ | 1,294 |  |  | 22,458 |
Total comprehensive income (loss): |  |  |  |  |
Net income | 5,674 |  |  | 213 |  |  | 5,887 |
Foreign currency translation adjustments | (325) |  |  | (17) |  |  | (342) |
Realized and unrealized gains (losses) on derivatives | 7 |  |  | (1) |  |  | 6 |
Pension and postretirement plans | (6) |  |  | — |  |  | (6) |
Other comprehensive loss | (324) |  |  | (18) |  |  | (342) |
Comprehensive income | 5,350 |  |  | 195 |  |  | 5,545 |
Other changes in equity: |  |  |  |  |
Cash dividends - ordinary shares ($1.04 per share) | (887) |  |  | — |  |  | (887) |
Dividends attributable to noncontrolling interests | — |  |  | (132) |  |  | (132) |
Repurchases and retirements of ordinary shares | (5,983) |  |  | — |  |  | (5,983) |
Divestiture of Power Solutions | 483 |  |  | (295) |  |  | 188 |
Adoption of ASC 606 | (45) |  |  | — |  |  | (45) |
Adoption of ASU 2016-16 | (546) |  |  | — |  |  | (546) |
Other, including options exercised | 230 |  |  | 1 |  |  | 231 |
At September 30, 2019 | 19,766 |  |  | 1,063 |  |  | 20,829 |
Total comprehensive income: |  |  |  |  |
Net income | 631 |  |  | 164 |  |  | 795 |
Foreign currency translation adjustments | 7 |  |  | 18 |  |  | 25 |
Realized and unrealized gains on derivatives | 4 |  |  | 4 |  |  | 8 |
Pension and postretirement plans | 8 |  |  | — |  |  | 8 |
Other comprehensive income | 19 |  |  | 22 |  |  | 41 |
Comprehensive income | 650 |  |  | 186 |  |  | 836 |
Other changes in equity: |  |  |  |  |
Cash dividends - ordinary shares ($1.04 per share) | (780) |  |  | — |  |  | (780) |
Dividends attributable to noncontrolling interests | — |  |  | (114) |  |  | (114) |
Repurchases and retirements of ordinary shares | (2,204) |  |  | — |  |  | (2,204) |
Change in noncontrolling interest share | (83) |  |  | (49) |  |  | (132) |
Adoption of ASC 842 | (5) |  |  | — |  |  | (5) |
Other, including options exercised | 103 |  |  | — |  |  | 103 |
At September 30, 2020 | 17,447 |  |  | 1,086 |  |  | 18,533 |
Total comprehensive income (loss): |  |  |  |  |
Net income | 1,637 |  |  | 233 |  |  | 1,870 |
Foreign currency translation adjustments | 357 |  |  | 19 |  |  | 376 |
Realized and unrealized gains (losses) on derivatives | (19) |  |  | 1 |  |  | (18) |
Pension and postretirement plans | 4 |  |  | — |  |  | 4 |
Other comprehensive income | 342 |  |  | 20 |  |  | 362 |
Comprehensive income | 1,979 |  |  | 253 |  |  | 2,232 |
Other changes in equity: |  |  |  |  |
Cash dividends - ordinary shares ($1.07 per share) | (771) |  |  | — |  |  | (771) |
Dividends attributable to noncontrolling interests | — |  |  | (142) |  |  | (142) |
Repurchases and retirements of ordinary shares | (1,307) |  |  | — |  |  | (1,307) |
Change in noncontrolling interest share | (8) |  |  | (6) |  |  | (14) |
Adoption of ASU 2016-13 | (4) |  |  | — |  |  | (4) |
Other, including options exercised | 226 |  |  | — |  |  | 226 |
At September 30, 2021 | $ | 17,562 |  |  | $ | 1,191 |  |  | $ | 18,753 |
The Company adopted ASU 2016-13 "Financial Instruments - Credit Losses" effective October 1, 2020. As a result the Company recorded $4 million to beginning retained earnings. The Company adopted ASC 842, "Leases" effective October 1, 2019. As a result, the Company recorded $5 million to beginning retained earnings, which relates primarily to adoption day impairment of previously exited facilities. The Company adopted ASC 606, "Revenue from Contracts with Customers" effective October 1, 2018. As a result, the Company recorded $45 million to beginning retained earnings, which relates primarily to deferred revenue recorded for the Power Solutions business for certain battery core returns that represent a material right provided to customers. The Company adopted ASU 2016-16, "Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other Than Inventory" effective October 1, 2018. As a result, the Company recognized deferred taxes of $546 million related to the tax effects of all intra-entity sales of assets other than inventory on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of October 1, 2018.
The following schedules present changes in AOCI attributable to Johnson Controls (in millions, net of tax):
| Year Ended September 30,
| 2021 |  | 2020 |  | 2019
Foreign currency translation adjustments |  |  |  |  |
Balance at beginning of period | $ | (778) |  |  | $ | (785) |  |  | $ | (939) |
Divestiture of Power Solutions | — |  |  | — |  |  | 479 |
Aggregate adjustment for the period (net of tax effect of $0, $1 and $0) | 357 |  |  | 7 |  |  | (325) |
Balance at end of period | (421) |  |  | (778) |  |  | (785) |
Realized and unrealized gains (losses) on derivatives |  |  |  |  |
Balance at beginning of period | 2 |  |  | (2) |  |  | (13) |
Divestiture of Power Solutions (net of tax effect of $0, $0 and $1) | — |  |  | — |  |  | 4 |
Current period changes in fair value (net of tax effect of $5, $1 and $(1)) | (8) |  |  | 3 |  |  | (1) |
Reclassification to income (net of tax effect of $(3), $0 and $2) (1) | (11) |  |  | 1 |  |  | 8 |
Balance at end of period | (17) |  |  | 2 |  |  | (2) |
Realized and unrealized gains (losses) on marketable securities |  |  |  |  |
Balance at beginning of period | — |  |  | — |  |  | 8 |
Adoption of ASU 2016-01 (2) | — |  |  | — |  |  | (8) |
Balance at end of period | — |  |  | — |  |  | — |
Pension and postretirement plans |  |  |  |  |
Balance at beginning of period | — |  |  | (8) |  |  | (2) |
Reclassification to income (net of tax effect of $0, $(1) and $0) | (3) |  |  | (1) |  |  | — |
Other changes (net of tax effect of $(1), $4 and $0) | 7 |  |  | 9 |  |  | (6) |
Balance at end of period | 4 |  |  | — |  |  | (8) |
Accumulated other comprehensive loss, end of period | $ | (434) |  |  | $ | (776) |  |  | $ | (795) |
(1) Refer to Note 11, "Derivative Instruments and Hedging Activities," of the notes to consolidated financial statements for disclosure of the line items in the consolidated statements of income affected by reclassifications from AOCI into income related to derivatives. (2) The Company adopted ASU 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities" effective October 1, 2018 and, as a result, reclassified $8 million of unrealized gains on marketable securities to retained earnings.

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