XML 45 R36.htm IDEA: XBRL DOCUMENT
v3.23.1

Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Outstanding Commodity Hedge Contracts | The Company had the following outstanding contracts to hedge forecasted commodity purchases (in metric tons):
|  | Volume Outstanding as of
Commodity |  | March 31, 2023 |  | September 30, 2022
Copper |  | 3,810 |  |  | 3,629 |
Aluminum |  | 9,722 |  |  | 6,758 |
Schedule of Notional Amounts of Outstanding Derivative Positions | The following table summarizes net investment hedges (in billions):
|  | March 31, |  | September 30,
| 2023 |  | 2022
Euro-denominated bonds designated as net investment hedges in Europe |  | € | 2.9 |  |  | € | 2.9 |
Yen-denominated debt designated as a net investment hedge in Japan |  | ¥ | 30 |  |  | ¥ | 30 |
Location and Fair Values of Derivative Instruments and Hedging Activities | The following table presents the location and fair values of derivative instruments and hedging activities included in the Company’s consolidated statements of financial position (in millions):
| Derivatives and Hedging Activities Designated as Hedging Instruments under ASC 815 |  | Derivatives and Hedging Activities Not Designated as Hedging Instruments under ASC 815
| March 31, |  | September 30, |  | March 31, |  | September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Other current assets |  |  |  |  |  |  |
Foreign currency exchange derivatives | $ | 23 |  |  | $ | 30 |  |  | $ | 5 |  |  | $ | 24 |
Interest rate swaps | 5 |  |  | — |  |  | — |  |  | — |
Commodity derivatives | 3 |  |  | — |  |  | — |  |  | — |
Total assets | $ | 31 |  |  | $ | 30 |  |  | $ | 5 |  |  | $ | 24 |
Other current liabilities |  |  |  |  |  |  |
Foreign currency exchange derivatives | $ | 36 |  |  | $ | 24 |  |  | $ | 12 |  |  | $ | 27 |
Commodity derivatives | 1 |  |  | 10 |  |  | — |  |  | — |
Long-term debt |  |  |  |  |  |  |
Foreign currency denominated debt | 3,406 |  |  | 3,077 |  |  | — |  |  | — |
Total liabilities | $ | 3,443 |  |  | $ | 3,111 |  |  | $ | 12 |  |  | $ | 27 |
Offsetting Assets and Liabilities | The gross and net amounts of derivative assets and liabilities were as follows (in millions):
|  | Fair Value of Assets |  |  |  | Fair Value of Liabilities |  |
|  | March 31, |  | September 30, |  |  |  | March 31, |  | September 30, |  |
|  | 2023 |  | 2022 |  |  |  | 2023 |  | 2022 |  |
Gross amount recognized |  | $ | 36 |  |  | $ | 54 |  |  |  |  | $ | 3,455 |  |  | $ | 3,138 |  |  |
Gross amount eligible for offsetting |  | (16) |  |  | (42) |  |  |  |  | (16) |  |  | (42) |  |  |
Net amount |  | $ | 20 |  |  | $ | 12 |  |  |  |  | $ | 3,439 |  |  | $ | 3,096 |  |  |
Location and Amount of Gains and Losses Gross of Tax on Derivative Instruments and Related Hedge Items | The following table presents the pre-tax gains (losses) recorded in other comprehensive income (loss) related to cash flow hedges (in millions):
Derivatives in ASC 815 Cash Flow Hedging Relationships |  | Three Months Ended March 31, |  | Six Months Ended March 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Foreign currency exchange derivatives |  | $ | 9 |  |  | $ | 10 |  |  | $ | (12) |  |  | $ | 23 |
Interest rate swaps |  | 5 |  |  | — |  |  | 5 |  |  | — |
Commodity derivatives |  | 3 |  |  | 6 |  |  | 7 |  |  | 4 |
Total |  | $ | 17 |  |  | $ | 16 |  |  | $ | — |  |  | $ | 27 |
The following table presents the location and amount of the pre-tax gains (losses) on cash flow hedges reclassified from AOCI into the Company’s consolidated statements of income (in millions):
Derivatives in ASC 815 Cash Flow Hedging Relationships |  | Location of Gain (Loss) Reclassified from AOCI into Income |  | Three Months Ended March 31, |  | Six Months Ended March 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Foreign currency exchange derivatives |  | Cost of sales |  | $ | (5) |  |  | $ | 6 |  |  | $ | 4 |  |  | $ | 11 |
Commodity derivatives |  | Cost of sales |  | (2) |  |  | (1) |  |  | (8) |  |  | (5) |
Interest rate swaps |  | Net financing charges |  | — |  |  | — |  |  | — |  |  | (1) |
Total |  |  |  | $ | (7) |  |  | $ | 5 |  |  | $ | (4) |  |  | $ | 5 |
The following table presents the location and amount of pre-tax gains (losses) on derivatives not designated as hedging instruments recognized in the Company’s consolidated statements of income (in millions):
Derivatives Not Designated as Hedging Instruments under ASC 815 |  | Location of Gain Recognized in Income on Derivative |  | Three Months Ended March 31, |  | Six Months Ended March 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Foreign currency exchange derivatives |  | Cost of sales |  | $ | (6) |  |  | $ | (3) |  |  | $ | (8) |  |  | $ | 7 |
Foreign currency exchange derivatives |  | Net financing charges |  | 15 |  |  | 1 |  |  | (64) |  |  | 88 |
Equity swap |  | Selling, general and administrative |  | — |  |  | (6) |  |  | — |  |  | (1) |
Total |  |  |  | $ | 9 |  |  | $ | (8) |  |  | $ | (72) |  |  | $ | 94 |

X
- Definition Hedge Forecasted Purchases Table + References No definition available. + Details
Name: | jci_HedgeForecastedPurchasesTableTableTextBlock
Namespace Prefix: | jci_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial assets and liabilities that are subject to offsetting, including master netting arrangements. + References No definition available. + Details
Name: | jci_OffsettingDerivativeAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | jci_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration