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v3.25.3

Debt and Financing Arrangements | 12 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
DEBT AND FINANCING ARRANGEMENTS | DEBT AND FINANCING ARRANGEMENTS Short-Term Debt Short-term debt consisted of the following (in millions):
| September 30,
| 2025 |  | 2024
Term loans | $ | 320 |  |  | $ | 603 |
Commercial paper | 400 |  |  | 350 |
Bank borrowings | 3 |  |  | — |
| $ | 723 |  |  | $ | 953 |
Weighted average interest rate on short-term debt outstanding | 4.5 | % |  | 4.8 | %
Long-Term Debt Long-term debt consisted of the following (in millions):
|  |  |  |  |  |  | September 30,
Issuer |  | Interest Rate |  | Due Date |  |  | 2025 |  | 2024
US dollar debt |  |  |  |  |  |  |  |  |
JCI plc |  | 3.90% |  | February 2026 |  |  | $ | 487 |  |  | $ | 487 |
TIFSA 1 |  | 3.90% |  | February 2026 |  |  | 51 |  | 51 |
JCI plc and TFSCA 2 |  | 5.50% |  | April 2029 |  |  | 700 |  | 700 |
JCI plc and TFSCA 2 |  | 1.75% |  | September 2030 |  |  | 625 |  | 625 |
JCI plc and TFSCA 2 |  | 2.00% |  | September 2031 |  |  | 500 |  | 500 |
JCI plc and TFSCA 2 |  | 4.90% |  | December 2032 |  |  | 650 |  | 400 |
JCI plc |  | 6.00% |  | January 2036 |  |  | 342 |  | 342 |
JCI inc |  | 6.00% |  | January 2036 |  |  | 8 |  | 8 |
JCI plc |  | 5.70% |  | March 2041 |  |  | 190 |  | 190 |
JCI inc |  | 5.70% |  | March 2041 |  |  | 30 |  | 30 |
JCI plc |  | 5.25% |  | December 2041 |  |  | 155 |  | 155 |
JCI inc |  | 5.25% |  | December 2041 |  |  | 6 |  | 6 |
JCI plc |  | 4.625% |  | July 2044 |  |  | 444 |  | 444 |
JCI inc |  | 4.625% |  | July 2044 |  |  | 6 |  | 6 |
JCI plc |  | 5.125% |  | September 2045 |  |  | 246 |  | 253 |
TIFSA 1 |  | 5.125% |  | September 2045 |  |  | 23 |  | 23 |
JCI plc |  | 6.95% |  | December 2045 |  |  | 32 |  | 32 |
JCI plc |  | 6.95% |  | December 2045 |  |  | 4 |  | 4 |
JCI plc |  | 4.50% |  | February 2047 |  |  | 500 |  | 500 |
JCI plc |  | 4.95% |  | July 2064 |  |  | 341 |  | 341 |
JCI plc |  | 4.95% |  | July 2064 |  |  | 15 |  | 15 |
Euro debt |  |  |  |  |  |  |  |  |
JCI plc |  | 1.375% |  | February 2025 |  |  | — |  |  | 472 |
TIFSA 1 |  | 1.375% |  | February 2025 |  |  | — |  |  | 60 |
JCI plc |  | EURIBOR plus 0.75% |  | April 2027 |  |  | 176 |  | — |
JCI plc and TFSCA 2 |  | 0.375% |  | September 2027 |  |  | 587 |  |  | 559 |
JCI plc and TFSCA 2 |  | 3.00% |  | September 2028 |  |  | 704 |  | 670 |
JCI plc and TFSCA 2 |  | 1.00% |  | September 2032 |  |  | 587 |  | 559 |
JCI plc and TFSCA 2 |  | 3.125% |  | December 2033 |  |  | 587 |  | — |
JCI plc and TFSCA 2 |  | 4.25% |  | May 2035 |  |  | 939 |  | 894 |
Japanese yen debt |  |  |  |  |  |  |  |  |
JCI plc |  | TORF plus 0.40% |  | September 2027 |  |  | 203 |  | 211 |
Other |  |  |  |  |  |  | 57 |  |  | 31 |
Gross long-term debt |  |  |  |  |  |  | 9,195 |  |  | 8,568 |
Less: |  |  |  |  |  |  |  |  |
Debt issuance costs |  |  |  |  |  |  | 39 |  |  | 38 |
Net unamortized discount |  |  |  |  | 38 |  |  | 38 |
Net purchase accounting adjustments |  |  |  |  | (39) |  |  | (48) |
|  |  |  |  |  |  | 9,157 |  |  | 8,540 |
Less: Current portion |  |  |  |  |  |  | 566 |  |  | 536 |
Long-term debt |  |  |  |  |  |  | $ | 8,591 |  |  | $ | 8,004 |
1 TIFSA = Tyco International Finance S.A. 2 TFSCA = Tyco Fire & Security Finance S.C.A. The following table presents maturities of long-term debt as of September 30, 2025 (in millions):
2026 |  | $ | 566 |
2027 |  | 972 |
2028 |  | 710 |
2029 |  | 706 |
2030 |  | 631 |
After 2030 |  | 5,610 |
Total |  | $ | 9,195 |
Other As of September 30, 2025, the Company had two syndicated committed revolving credit facilities including $2.5 billion which is scheduled to expire in December 2028 and $500 million which is scheduled to expire in December 2025. There were no draws on the facilities as of September 30, 2025. As of September 30, 2025, the Company was in compliance with all financial covenants set forth in its credit agreements and the indentures governing its outstanding notes, and expects to remain in compliance for the foreseeable future. Total interest paid on both short and long-term debt for the years ended September 30, 2025, 2024 and 2023 was $321 million, $361 million and $288 million, respectively.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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