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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales $ 7,133 $ 6,614 $ 19,887 $ 18,574
Cost of sales 4,702 4,414 13,124 12,526
Gross profit 2,431 2,200 6,763 6,048
Selling, general and administrative expenses (1,555) (1,589) (4,705) (4,412)
Restructuring and impairment costs (81) (121) (844) (554)
Net financing charges (80) (49) (218) (153)
Equity income 78 63 190 175
Income before income taxes 793 504 1,186 1,104
Income tax (benefit) provision (329) 61 (266) 190
Net income 1,122 443 1,452 914
Income attributable to noncontrolling interests 73 64 152 143
Net income attributable to Johnson Controls $ 1,049 $ 379 $ 1,300 $ 771
Earnings per share attributable to Johnson Controls        
Basic (in dollars per share) $ 1.54 $ 0.55 $ 1.90 $ 1.10
Diluted (in dollars per share) $ 1.53 $ 0.55 $ 1.89 $ 1.10
Products and systems        
Net sales $ 5,431 $ 5,082 $ 15,070 $ 14,119
Cost of sales 3,708 3,549 10,337 9,996
Services        
Net sales 1,702 1,532 4,817 4,455
Cost of sales $ 994 $ 865 $ 2,787 $ 2,530