Equity and Noncontrolling Interests

6 Months Ended

Mar. 31, 2021

Stockholders' Equity Note [Abstract]

Equity and Noncontrolling InterestsOther 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):


	Three Months Ended March 31, 2021						Three Months Ended March 31, 2020
	Equity Attributable to Johnson Controls International plc		Equity Attributable to Noncontrolling Interests		Total Equity		Equity Attributable to Johnson Controls International plc		Equity Attributable to Noncontrolling Interests		Total Equity

Beginning balance, December 31	$	17,656	$	1,167	$	18,823	$	19,329	$	1,102	$	20,431
Total comprehensive income (loss):
Net income	343		54		397		213		23		236

Foreign currency translation adjustments	88		(25)		63		(471)		(23)		(494)
Realized and unrealized gains (losses) on derivatives	6		2		8		(10)		—		(10)


Other comprehensive income (loss)	94		(23)		71		(481)		(23)		(504)
Comprehensive income (loss)	437		31		468		(268)		—		(268)

Other changes in equity:
Cash dividends—ordinary shares	(195)		—		(195)		(194)		—		(194)

Dividends attributable to noncontrolling interests	—		(133)		(133)		—		(98)		(98)
Repurchases and retirements of ordinary shares	(315)		—		(315)		(816)		—		(816)
Change in noncontrolling interest share	(8)		(6)		(14)		—		—		—



Other, including options exercised	123		—		123		33		—		33
Ending balance, March 31	$	17,698	$	1,059	$	18,757	$	18,084	$	1,004	$	19,088



	Six Months Ended March 31, 2021						Six Months Ended March 31, 2020
	Equity Attributable to Johnson Controls International plc		Equity Attributable to Noncontrolling Interests		Total Equity		Equity Attributable to Johnson Controls International plc		Equity Attributable to Noncontrolling Interests		Total Equity

Beginning balance, September 30	$	17,447	$	1,086	$	18,533	$	19,766	$	1,063	$	20,829
Total comprehensive income:
Net income	794		99		893		372		55		427
Foreign currency translation adjustments	360		11		371		(220)		(13)		(233)
Realized and unrealized gains (losses) on derivatives	7		2		9		(5)		2		(3)

Pension and postretirement plans	(1)		—		(1)		(1)		—		(1)
Other comprehensive income (loss)	366		13		379		(226)		(11)		(237)
Comprehensive income	1,160		112		1,272		146		44		190

Other changes in equity:
Cash dividends—ordinary shares	(384)		—		(384)		(395)		—		(395)
Dividends attributable to noncontrolling interests	—		(133)		(133)		—		(103)		(103)
Repurchases and retirements of ordinary shares	(661)		—		(661)		(1,467)		—		(1,467)
Change in noncontrolling interest share	(8)		(6)		(14)		—		—		—



Adoption of ASC 842	—		—		—		(5)		—		(5)
Adoption of ASU 2016-13	(4)		—		(4)		—		—		—
Other, including options exercised	148		—		148		39		—		39
Ending balance, March 31	$	17,698	$	1,059	$	18,757	$	18,084	$	1,004	$	19,088

During the quarter ended December 31, 2020, the Company recorded $4 million to beginning retained earnings for the cumulative effect of adopting ASU 2016-13, "Financial Instruments - Credit Losses."

During the quarter ended December 31, 2019, the Company adopted ASC 842, "Leases." As a result, the Company recorded $5 million to beginning retained earnings, which relates primarily to adoption day impairment of previously exited facilities.

For the three and six months ended March 31, 2021, the Company repurchased and immediately retired $315 million and $661 million of its ordinary shares, respectively. For the three and six months ended March 31, 2020, the Company repurchased and immediately retired $816 million and $1,467 million of its ordinary shares, respectively. 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. As of March 31, 2021, approximately $5.7 billion remains available under the Company's share repurchase authorization.

The following schedules present changes in accumulated other comprehensive income ("AOCI") attributable to Johnson Controls (in millions, net of tax):


	Three Months Ended March 31,
	2021		2020

Foreign currency translation adjustments ("CTA")
Balance at beginning of period	$	(506)	$	(534)
Aggregate adjustment for the period (net of tax effect of $0 and $0)	88		(471)
Balance at end of period	(418)		(1,005)

Realized and unrealized gains (losses) on derivatives
Balance at beginning of period	3		3
Current period changes in fair value (net of tax effect of $2 and $(3))	5		(8)
Reclassification to income (net of tax effect of $0 and $0) *	1		(2)
Balance at end of period	9		(7)

Pension and postretirement plans
Balance at beginning of period	(1)		(9)
Reclassification to income (net of tax effect of $0 and $0)	—		—
Balance at end of period	(1)		(9)

Accumulated other comprehensive loss, end of period	$	(410)	$	(1,021)



	Six Months Ended March 31,
	2021		2020

CTA
Balance at beginning of period	$	(778)	$	(785)

Aggregate adjustment for the period (net of tax effect of $0 and $0)	360		(220)
Balance at end of period	(418)		(1,005)

Realized and unrealized gains (losses) on derivatives
Balance at beginning of period	2		(2)

Current period changes in fair value (net of tax effect of $4 and $(1))	7		(3)
Reclassification to income (net of tax effect of $0 and $0) *	—		(2)
Balance at end of period	9		(7)






Pension and postretirement plans
Balance at beginning of period	—		(8)
Reclassification to income (net of tax effect of $0 and $0)	(1)		(1)
Balance at end of period	(1)		(9)

Accumulated other comprehensive loss, end of period	$	(410)	$	(1,021)

* Refer to Note 17, "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.