v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities of Continuing Operations    
Net income attributable to Johnson Controls $ 1,164 $ 836
Attributable to noncontrolling interests 4 0
Total 1,168 836
Adjustments to reconcile net income to cash provided by operating activities of continuing operations:    
Depreciation and amortization 333 395
Pension and postretirement benefits (28) (37)
Deferred income taxes 3 (107)
Noncash restructuring and impairment charges 104 33
Equity-based compensation 66 59
(Gain) loss on business divestiture (73) 6
Other - net 25 26
Changes in assets and liabilities:    
Accounts receivable (389) 93
Inventories (140) (27)
Other assets 97 (213)
Restructuring reserves (26) (3)
Accounts payable and accrued liabilities 63 (227)
Accrued income taxes 80 (35)
Cash provided by operating activities from continuing operations 1,283 799
Investing Activities of Continuing Operations    
Capital expenditures (148) (210)
Divestitures of businesses, net of cash divested 209 1
Other - net (20) (8)
Cash provided (used) by investing activities from continuing operations 41 (217)
Financing Activities of Continuing Operations    
Net proceeds from borrowings with maturities less than three months 65 358
Proceeds from debt 316 1,369
Repayments of debt (639) (1,096)
Stock repurchases and retirements (215) (660)
Payment of cash dividends (489) (490)
Employee equity-based compensation withholding taxes (60) (31)
Other - net (8) 76
Cash provided (used) by investing activities from continuing operations (1,030) (474)
Discontinued Operations    
Cash provided (used) by operating activities (98) 47
Cash used by investing activities 0 (27)
Cash used by financing activities 0 (65)
Cash used by discontinued operations (98) (45)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 123 (15)
Change in cash, cash equivalents and restricted cash held for sale (4) 3
Increase in cash, cash equivalents and restricted cash 315 51
Cash, cash equivalents and restricted cash at end of period 713 818
Cash, cash equivalents and restricted cash 713 818
Less: Restricted cash 15 23
Cash and cash equivalents at end of period $ 698 $ 795