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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities of Continuing Operations    
Net income attributable to Johnson Controls $ 1,300 $ 771
Income attributable to noncontrolling interests 152 143
Net income 1,452 914
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 621 633
Pension and postretirement benefit expense (income) (23) 8
Pension and postretirement contributions (38) (83)
Equity in earnings of partially-owned affiliates, net of dividends received (27) (25)
Deferred income taxes (270) (241)
Noncash restructuring and impairment charges 701 430
Equity-based compensation 92 79
Other - net (104) (47)
Changes in assets and liabilities, excluding acquisitions and divestitures:    
Accounts receivable (667) (637)
Inventories (383) (761)
Other assets (214) (276)
Restructuring reserves 33 (2)
Accounts payable and accrued liabilities (127) 788
Accrued income taxes (215) 31
Cash provided by operating activities from continuing operations 831 811
Investing Activities of Continuing Operations    
Capital expenditures (366) (430)
Sale of property, plant and equipment 28 38
Acquisition of businesses, net of cash acquired (260) (236)
Other - net 22 40
Cash used by investing activities from continuing operations (576) (588)
Financing Activities of Continuing Operations    
Net proceeds from borrowings with maturities less than three months (248) 1,693
Proceeds from debt 1,171 544
Repayments of debt (536) (3)
Stock repurchases and retirements (613) (1,427)
Payment of cash dividends (729) (674)
Dividends paid to noncontrolling interests (149) (121)
Other - net (7) 17
Cash provided (used) by financing activities from continuing operations (1,111) 29
Discontinued Operations - Cash used by operating activities 0 (4)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (67) (49)
Increase (decrease) in cash, cash equivalents and restricted cash (923) 199
Cash, cash equivalents and restricted cash at beginning of period 2,066 1,342
Cash, cash equivalents and restricted cash at end of period 1,143 1,541
Less: Restricted cash 86 35
Cash and cash equivalents at end of period $ 1,057 $ 1,506