XML 60 R41.htm IDEA: XBRL DOCUMENT v3.22.2.2

Debt and Financing Arrangements (Tables)

12 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Short-Term Debt

Short-term debt consisted of the following (in millions):

			September 30,
			2022						2021
Bank borrowings			$	10					$	8
Commercial paper			172						—
Term loans			487						—
			$	669					$	8
Weighted average interest rate on short-term debt outstanding			0.5		%				0.2		%

Long-Term Debt

Long-term debt consisted of the following (in millions; due dates by fiscal year):

			September 30,
			2022						2021
Unsecured notes
JCI plc - Term Loan -¥25 billion; LIBOR JPY plus 0.40% due in 2022			$	—					$	223
JCI plc - 4.625% due in 2023 ($25 million par value)			25						25
Tyco International Finance S.A. ("TIFSA") - 4.625% due in 2023 ($7 million par value)			7						7
JCI plc - 1.00% due in 2023 (€846 million par value)			830						980
JCI plc - 3.625% due in 2024 ($453 million par value)			453						453
JCI Inc. - 3.625% due in 2024 ($31 million par value)			31						31
JCI plc - 1.375% due in 2025 (€423 million par value)			419						496
TIFSA - 1.375% due in 2025 (€54 million par value)			53						63
JCI plc - 3.90% due in 2026 ($487 million par value)			505						510
TIFSA - 3.90% due in 2026 ($51 million par value)			51						51
JCI plc - Term Loan - ¥30 billion; TORF plus 0.40% due in 2027			208						—
JCI plc and Tyco Fire & Security Finance S.C.A. ("TFSCA") - 0.375% due in 2027 (€500 million par value)			488						577
JCI plc and TFSCA - 3.00% due in 2028 (€600 million par value)			586						—
JCI plc and TFSCA - 1.75% due in 2030 ($625 million par value)			623						623
JCI plc and TFSCA - 2.00% due in 2031 ($500 million par value)			496						496
JCI plc and TFSCA - 1.00% due in 2032 (€500 million par value)			489						578
JCI plc and TFSCA - 4.90% due in 2032 ($400 million par value)			394						—
JCI plc - 6.00% due in 2036 ($342 million par value)			339						339
JCI Inc. - 6.00% due in 2036 ($8 million par value)			8						8
JCI plc - 5.70% due in 2041 ($190 million par value)			189						189
JCI Inc. - 5.70% due in 2041 ($30 million par value)			30						30
JCI plc - 5.25% due in 2042 ($155 million par value)			155						155
JCI Inc. - 5.25% due in 2042 ($6 million par value)			6						6
JCI plc - 4.625% due in 2044 ($444 million par value)			441						441
JCI Inc. - 4.625% due in 2044 ($6 million par value)			6						6
JCI plc - 5.125% due in 2045 ($477 million par value)			557						560
TIFSA - 5.125% due in 2045 ($23 million par value)			23						22
JCI plc - 6.95% due in 2046 ($32 million par value)			32						32
JCI Inc. - 6.95% due in 2046 ($4 million par value)			4						4
JCI plc - 4.50% due in 2047 ($500 million par value)			496						496
JCI plc - 4.95% due in 2064 ($341 million par value)			340						340
JCI Inc. - 4.95% due in 2064 ($15 million par value)			15						15
Other			25						8
Gross long-term debt			8,324						7,764
Less: current portion			865						226
Less: debt issuance costs			33						32
Long-term debt			$	7,426					$	7,506

Schedule of Maturities of Long-term Debt

The following table presents maturities of long-term debt as of September 30, 2022 (in millions):

2023						$	865
2024						485
2025						473
2026						557
2027						697
After 2027						5,247
Total						$	8,324

Components Of Net Financing Charges

The Company's net financing charges line item in the consolidated statements of income contained the following components (in millions):

			Year Ended September 30,
			2022						2021						2020
Interest expense, net of capitalized interest costs			$	225					$	219					$	240
Other financing charges			27						25						26
Interest income			(6)						(9)						(23)
Net foreign exchange results for financing activities			(33)						(29)						(12)
Net financing charges			$	213					$	206					$	231

X

- Definition

Components Of Net Financing Charges [Table Text Block]

+ References

No definition available.

+ Details

Name:	jci_ComponentsOfNetFinancingChargesTableTextBlock
Namespace Prefix:	jci_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69B
-URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69E
-URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21521-112644

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644

+ Details

Name:	us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration