XML 59 R41.htm IDEA: XBRL DOCUMENT v3.24.3

Debt and Financing Arrangements (Tables)

12 Months Ended

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
TIFSA1						3.90%						2026									51						51
JCI plc and TFSCA2						5.50%						2029									700						—
JCI plc and TFSCA2						1.75%						2030									625						625
JCI plc and TFSCA2						2.00%						2031									500						500
JCI plc and TFSCA2						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
TIFSA1						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
TIFSA1						1.375%						2025									60						57
JCI plc and TFSCA2						0.375%						2027									559						530
JCI plc and TFSCA2						3.00%						2028									670						636
JCI plc and TFSCA2						1.00%						2032									559						530
JCI plc and TFSCA2						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

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

Name:	us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration