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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Net sales $ 6,699 $ 6,686 $ 12,793 $ 12,754
Cost of sales 4,518 4,445 8,620 8,422
Gross profit 2,181 2,241 4,173 4,332
Selling, general and administrative expenses 2,251 1,579 3,764 3,150
Restructuring and impairment costs 254 418 293 763
Net financing charges 93 71 192 138
Equity income 56 50 118 112
Income (loss) before income taxes (361) 223 42 393
Income tax (benefit) provision (127) 49 (128) 63
Net income (loss) (234) 174 170 330
Less: Income attributable to noncontrolling interests 43 41 73 79
Net income (loss) attributable to Johnson Controls $ (277) $ 133 $ 97 $ 251
Earnings (loss) per share attributable to Johnson Controls        
Basic (in dollars per share) $ (0.41) $ 0.19 $ 0.14 $ 0.37
Diluted (in dollars per share) $ (0.41) $ 0.19 $ 0.14 $ 0.36
Products and systems        
Net sales $ 4,985 $ 5,083 $ 9,474 $ 9,639
Cost of sales 3,459 3,516 6,621 6,629
Services        
Net sales 1,714 1,603 3,319 3,115
Cost of sales $ 1,059 $ 929 $ 1,999 $ 1,793