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v3.24.3

Debt and Financing Arrangements (Tables) | 12 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Short-Term Debt | Short-term debt consisted of the following (in millions):
| September 30,
| 2024 |  | 2023
Term loans | $ | 603 |  |  | $ | 159 |
Commercial paper | 350 |  |  | 200 |
Bank borrowings | — |  |  | 2 |
| $ | 953 |  |  | $ | 361 |
Weighted average interest rate on short-term debt outstanding | 4.8 | % |  | 4.9 | %
Long-Term Debt | Long-term debt consisted of the following (in millions; due dates by fiscal year):
|  |  |  |  |  |  | September 30,
Issuer |  | Interest Rate |  | Due Date |  |  | 2024 |  | 2023
US dollar debt |  |  |  |  |  |  |  |  |
JCI plc |  | 3.625% |  | 2024 |  |  | $ | — |  |  | $ | 453 |
JCI Inc. |  | 3.625% |  | 2024 |  |  | — |  |  | 31 |
JCI plc |  | 3.90% |  | 2026 |  |  | 487 |  | 487 |
TIFSA 1 |  | 3.90% |  | 2026 |  |  | 51 |  | 51 |
JCI plc and TFSCA 2 |  | 5.50% |  | 2029 |  |  | 700 |  | — |
JCI plc and TFSCA 2 |  | 1.75% |  | 2030 |  |  | 625 |  | 625 |
JCI plc and TFSCA 2 |  | 2.00% |  | 2031 |  |  | 500 |  | 500 |
JCI plc and TFSCA 2 |  | 4.90% |  | 2033 |  |  | 400 |  | 400 |
JCI plc |  | 6.00% |  | 2036 |  |  | 342 |  | 342 |
JCI Inc. |  | 6.00% |  | 2036 |  |  | 8 |  | 8 |
JCI plc |  | 5.70% |  | 2041 |  |  | 190 |  | 190 |
JCI Inc. |  | 5.70% |  | 2041 |  |  | 30 |  | 30 |
JCI plc |  | 5.25% |  | 2042 |  |  | 155 |  | 155 |
JCI Inc. |  | 5.25% |  | 2042 |  |  | 6 |  | 6 |
JCI plc |  | 4.625% |  | 2044 |  |  | 444 |  | 444 |
JCI Inc. |  | 4.625% |  | 2044 |  |  | 6 |  | 6 |
JCI plc |  | 5.125% |  | 2045 |  |  | 253 |  | 372 |
TIFSA 1 |  | 5.125% |  | 2045 |  |  | 23 |  | 23 |
JCI plc |  | 6.95% |  | 2046 |  |  | 32 |  | 32 |
JCI Inc. |  | 6.95% |  | 2046 |  |  | 4 |  | 4 |
JCI plc |  | 4.50% |  | 2047 |  |  | 500 |  | 500 |
JCI plc |  | 4.95% |  | 2064 |  |  | 341 |  | 341 |
JCI Inc. |  | 4.95% |  | 2064 |  |  | 15 |  | 15 |
Euro debt |  |  |  |  |  |  |  |  |
JCI plc |  | EURIBOR plus 0.70% |  | 2024 |  |  | — |  |  | 159 |
JCI plc |  | 1.375% |  | 2025 |  |  | 472 |  | 448 |
TIFSA 1 |  | 1.375% |  | 2025 |  |  | 60 |  | 57 |
JCI plc and TFSCA 2 |  | 0.375% |  | 2027 |  |  | 559 |  | 530 |
JCI plc and TFSCA 2 |  | 3.00% |  | 2028 |  |  | 670 |  | 636 |
JCI plc and TFSCA 2 |  | 1.00% |  | 2032 |  |  | 559 |  | 530 |
JCI plc and TFSCA 2 |  | 4.25% |  | 2035 |  |  | 894 |  | 849 |
Japanese yen debt |  |  |  |  |  |  |  |  |
JCI plc |  | TORF plus 0.40% |  | 2027 |  |  | 211 |  | 202 |
Other |  |  |  |  |  |  | 31 |  |  | 36 |
Gross long-term debt |  |  |  |  |  |  | 8,568 |  |  | 8,462 |
Less: |  |  |  |  |  |  |  |  |
Debt issuance costs |  |  |  |  |  |  | 38 |  |  | 35 |
Net unamortized discount |  |  |  |  | 38 |  |  | 41 |
Net purchase accounting adjustments |  |  |  |  | (48) |  |  | (77) |
|  |  |  |  |  |  | 8,540 |  |  | 8,463 |
Less: Current portion |  |  |  |  |  |  | 536 |  |  | 645 |
Long-term debt |  |  |  |  |  |  | $ | 8,004 |  |  | $ | 7,818 |
1 TIFSA = Tyco International Finance S.A. 2 TFSCA = Tyco Fire & Security Finance S.C.A.
Schedule of Maturities of Long-term Debt | The following table presents maturities of long-term debt as of September 30, 2024 (in millions):
2025 |  | $ | 536 |
2026 |  | 544 |
2027 |  | 776 |
2028 |  | 676 |
2029 |  | 707 |
After 2029 |  | 5,329 |
Total |  | $ | 8,568 |

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