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Debt and Financing Arrangements (Tables)
12 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Short-Term Debt
Short-term debt consisted of the following (in millions):
 September 30,
 20252024
Term loans$320 $603 
Commercial paper400 350 
Bank borrowings— 
$723 $953 
Weighted average interest rate on short-term debt outstanding4.5 %4.8 %
Long-Term Debt
Long-term debt consisted of the following (in millions):
September 30,
IssuerInterest RateDue Date 20252024
US dollar debt
JCI plc3.90%February 2026$487 $487 
TIFSA1
3.90%February 20265151 
JCI plc and TFSCA2
5.50%April 2029700700 
JCI plc and TFSCA2
1.75%September 2030625625 
JCI plc and TFSCA2
2.00%September 2031500500 
JCI plc and TFSCA2
4.90%December 2032650400 
JCI plc6.00%January 2036342342 
JCI inc6.00%January 20368
JCI plc5.70%March 2041190190 
JCI inc5.70%March 20413030 
JCI plc5.25%December 2041155155 
JCI inc5.25%December 20416
JCI plc4.625%July 2044444444 
JCI inc4.625%July 20446
JCI plc5.125%September 2045246253 
TIFSA1
5.125%September 20452323 
JCI plc6.95%December 20453232 
JCI plc6.95%December 20454
JCI plc4.50%February 2047500500 
JCI plc4.95%July 2064341341 
JCI plc4.95%July 20641515 
Euro debt
JCI plc1.375%February 2025— 472 
TIFSA1
1.375%February 2025— 60 
JCI plc
EURIBOR plus 0.75%
April 2027176— 
JCI plc and TFSCA2
0.375%September 2027587 559 
JCI plc and TFSCA2
3.00%September 2028704670 
JCI plc and TFSCA2
1.00%September 2032587559 
JCI plc and TFSCA2
3.125%December 2033587— 
JCI plc and TFSCA2
4.25%May 2035939894 
Japanese yen debt
JCI plc
TORF plus 0.40%
September 2027203211 
Other57 31 
Gross long-term debt9,195 8,568 
Less:
Debt issuance costs39 38 
Net unamortized discount38 38 
Net purchase accounting adjustments(39)(48)
9,157 8,540 
Less: Current portion566 536 
Long-term debt$8,591 $8,004 
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, 2025 (in millions):

2026$566 
2027972 
2028710 
2029706 
2030631 
After 2030
5,610 
Total$9,195