XML 26 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Operating Activities of Continuing Operations      
Net income from continuing operations attributable to Johnson Controls $ 1,532 $ 1,513 $ 631
Income from continuing operations attributable to noncontrolling interests 191 233 164
Income from continuing operations 1,723 1,746 795
Adjustments to reconcile net income from continuing operations to cash provided by operating activities:      
Depreciation and amortization 830 845 822
Pension and postretirement benefit expense (income) (216) (551) 118
Pension and postretirement contributions (96) (68) (61)
Equity in earnings of partially-owned affiliates, net of dividends received 30 (117) (36)
Deferred income taxes (141) 36 (537)
Non-cash restructuring and impairment charges 555 98 582
Equity-based compensation expense 102 76 74
Other - net (58) (85) (90)
Changes in assets and liabilities, excluding acquisitions and divestitures:      
Accounts receivable (427) (143) 534
Inventories (773) (219) 45
Other assets (362) (164) (52)
Restructuring reserves (7) (44) (29)
Accounts payable and accrued liabilities 1,270 813 (717)
Accrued income taxes (440) 328 1,031
Cash provided by operating activities from continuing operations 1,990 2,551 2,479
Investing Activities of Continuing Operations      
Capital expenditures (592) (552) (443)
Sale of property, plant and equipment 127 124 127
Acquisition of businesses, net of cash acquired (269) (725) (77)
Business divestitures, net of cash divested 16 19 135
Other - net 25 44 0
Cash used by investing activities from continuing operations (693) (1,090) (258)
Financing Activities of Continuing Operations      
Increase (decrease) in short-term debt - net 923 (17) (33)
Increase in long-term debt 1,227 496 1,804
Repayment of long-term debt (184) (507) (1,386)
Stock repurchases and retirements (1,441) (1,307) (2,204)
Payment of cash dividends (916) (762) (790)
Proceeds from the exercise of stock options 17 178 75
Dividends paid to noncontrolling interests (121) (142) (114)
Employee equity-based compensation withholding taxes (51) (33) (34)
Cash paid to acquire a noncontrolling interest (1) (14) (132)
Other - net 31 (23) (10)
Cash used by financing activities from continuing operations (516) (2,131) (2,824)
Discontinued Operations      
Cash used by operating activities (4) (64) (260)
Cash used by financing activities 0 0 (113)
Cash used by discontinued operations (4) (64) (373)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (53) 116 115
Increase (decrease) in cash, cash equivalents and restricted cash 724 (618) (861)
Cash, cash equivalents and restricted cash at beginning of period 1,342 1,960 2,821
Cash, cash equivalents and restricted cash at end of period 2,066 1,342 1,960
Less: Restricted cash 35 6 9
Cash and cash equivalents at end of period $ 2,031 $ 1,336 $ 1,951