v3.26.1
JOHNSON CONTROLS, INC. SAVINGS AND INVESTMENT MASTER TRUST
 12 Months Ended
Dec. 31, 2025
EBP 001  
EBP, Master Trust [Line Items]  
JOHNSON CONTROLS, INC. SAVINGS AND INVESTMENT MASTER TRUST JOHNSON CONTROLS, INC. SAVINGS AND INVESTMENT MASTER TRUST
The following table presents net assets held in the Master Trust and the Plan's interest in the Master Trust, including fair value of investments held in the Master Trust:
December 31,
20252024
Plan's Interest in Master Trust BalancesMaster Trust BalancesPlan's Interest in Master Trust BalancesMaster Trust Balances
Assets
  Investments at fair value as determined by
    quoted market price (Level 1):
Common Stock Funds
$12,760,945 $518,328,741 $7,984,158 $389,204,925 
  Investments at fair value as determined by
   quoted market price (Level 2):
Other Separate Accounts163,393,419 7,157,773,604 136,977,546 6,690,931,218 
Total investments in Master Trust$176,154,364 $7,676,102,345 $144,961,704 $7,080,136,143 
The following table presents changes in net assets held in the Master Trust for the year ended December 31, 2025:

Additions
Additions to net assets attributed to:
Net appreciation in fair value of investments:
Common Stock Funds$187,523,857 
Other Separate Accounts991,344,233 
1,178,868,090 
Contributions:
Participants281,423,300 
Employer180,863,810 
Participant loan repayments39,750,622 
502,037,732 
Interest and dividends6,830,986 
     Total additions1,687,736,808 
Deductions
Deductions from net assets attributed to:
Participant withdrawals844,238,445 
Participant loan withdrawals42,093,630 
Administrative expenses4,296,939 
      Total deductions890,629,014 
Transfers to other plans, net(201,141,592)
Net increase in net assets available for benefits595,966,202 
Net assets available for benefits, beginning of year7,080,136,143 
Net assets available for benefits, end of year$7,676,102,345 
The following table sets forth by level, within the fair value hierarchy, the Master Trust investment assets at fair value as of December 31, 2025 and 2024:
Investments at Fair Value as of
December 31, 2025
Level 1Level 2Level 3Total
Common Stock Funds$518,328,741 $— $— $518,328,741 
Other Separate Accounts— 7,157,773,604 — 7,157,773,604 
   Total investments at fair value$518,328,741 $7,157,773,604 $— $7,676,102,345 
Investments at Fair Value as of
December 31, 2024
Level 1Level 2Level 3Total
Common Stock Funds$389,204,925 $— $— $389,204,925 
Other Separate Accounts— 6,690,931,218 — 6,690,931,218 
   Total investments at fair value$389,204,925 $6,690,931,218 $— $7,080,136,143 

Following is a description of the valuation methodologies used for assets measured at fair value:

Common Stock Funds: The fair value for the JCI plc Stock Fund and the Adient Stock Fund is determined by indirect quoted market prices. The value of the funds are not published, but the investment manager reports daily the underlying holdings. The underlying holdings are direct quoted market prices on liquid and regulated financial exchanges. The fair value of the investments in the JCI plc Stock Fund and Adient Stock Fund reflect a unit value computed daily based on the share price and the value of the fund's short-term investments. At December 31, 2025 and 2024, the Plan held 509,232 and 475,037 units of the JCI plc Stock Fund at a unit value of $25.05 and $16.61, respectively. In 2025, the Plan sold its remaining units in the Adient Stock Fund, resulting in no investment in the Adient Stock Fund at December 31, 2025. At December 31, 2024, the Plan held 21,624 units of the Adient Stock Fund at a unit value of $4.19.

Other Separate Accounts: The fair value for Other Separate Accounts is determined by indirect quoted market prices. These investments are generally held in a commingled trust. The value of the trust is not published, but the investment manager reports daily the underlying holdings. The underlying holdings are direct quoted market prices on liquid and regulated financial exchanges. The Plan implemented a white-label fund structure for its defined contribution investment options, aside from the JCI plc and Adient Stock Funds. This structure places the individual fund offerings into unitized collective trusts for each asset class, which are valued at the net asset value, published by Fidelity, based on the fair values of the underlying investments.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.