JOHNSON CONTROLS INC

[1]	Products and systems consist of Automotive Experience and Power Solutions products and systems and Building Efficiency installed systems. Services are Building Efficiency technical services.

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Operating Activities
Net income (loss) attributable to Johnson Controls, Inc.	$ (847)	$ 1,563	$ 1,215
Income from continuing operations attributable to noncontrolling interests	215	112	105
Income from discontinued operations attributable to noncontrolling interests, net of tax	0	4	23
Net income (loss)	(632)	1,679	1,343
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation and amortization	900	860	955
Pension and postretirement benefit expense	511	396	321
Pension and postretirement contributions	(137)	(409)	(161)
Equity in earnings of partially-owned affiliates, net of dividends received	(250)	(144)	(153)
Deferred income taxes	(1,204)	327	(329)
Non-cash restructuring and impairment charges	197	183	181
Loss (gain) on business divestitures - net	(26)	(1,340)	111
Fair value adjustment of equity investment	(4)	0	(38)
Equity-based compensation	128	90	82
Other	5	(1)	(2)
Changes in assets and liabilities, excluding acquisitions and divestitures:
Accounts Receivable	(244)	(297)	(18)
Inventories	(77)	(99)	(311)
Other assets	107	(113)	(192)
Restructuring reserves	83	(6)	(31)
Accounts payable and accrued liabilities	415	348	440
Accrued income taxes	2,072	126	197
Cash provided by operating activities	1,844	1,600	2,395
Investing Activities
Capital expenditures	(1,227)	(1,135)	(1,199)
Sale of property, plant and equipment	32	37	79
Acquisition of businesses, net of cash acquired	(133)	(22)	(1,733)
Business divestitures	32	1,646	225
Changes in long-term investments	(24)	(44)	19
Other	(7)	(12)	16
Cash provided (used) by investing activities	(1,327)	470	(2,593)
Financing Activities
Increase (decrease) in short-term debt - net	561	(68)	73
Increase in long-term debt	1,501	299	2,001
Repayment of long-term debt	(1,299)	(191)	(833)
Debt financing costs	45	0	0
Stock repurchases	(501)	(1,362)	(1,249)
Payment of cash dividends	(915)	(657)	(568)
Proceeds from the exercise of stock options	67	275	186
Cash paid to acquire a noncontrolling interest	(2)	(38)	(5)
Dividends paid to noncontrolling interests	(306)	(68)	(55)
Other	11	(11)	38
Cash used by financing activities	(928)	(1,821)	(412)
Effect of exchange rate changes on cash and cash equivalents	12	(81)	(20)
Change in cash held for sale	0	(20)	16
Increase (decrease) in cash and cash equivalents	(399)	188	(646)
Cash and cash equivalents at beginning of period	597	409	1,055
Cash and cash equivalents at end of period	$ 198	$ 597	$ 409

Consolidated Statements of Financial Position - USD ($) $ in Millions	Sep. 30, 2016	Sep. 30, 2015
Assets
Cash and cash equivalents	$ 198	$ 597
Cash in escrow related to Adient debt	2,034	0
Accounts receivable, less allowance for doubtful accounts of $116 and $82, respectively	6,271	5,751
Inventories	2,810	2,377
Assets held for sale	17	55
Other current assets	1,841	1,689
Current assets	13,171	10,469
Property, plant and equipment - net	6,649	5,870
Goodwill	7,101	6,824
Other intangible assets - net	1,514	1,516
Investments in partially-owned affiliates	2,735	2,143
Other noncurrent assets	3,830	2,800
Total assets	35,000	29,622
Liabilities and Equity
Short-term debt	662	52
Current portion of long-term debt	628	813
Accounts payable	5,975	5,174
Accrued compensation and benefits	1,498	1,090
Interest payable to affiliate	27	0
Liabilities held for sale	0	42
Other current liabilities	4,607	3,275
Current liabilities	13,397	10,446
Long-term debt	8,193	5,745
Notes payable due to affiliate	6,500	0
Pension and postretirement benefits	1,022	767
Other noncurrent liabilities	2,854	1,954
Long-term liabilities	18,569	8,466
Redeemable noncontrolling interests	234	212
Common stock, par value $0.01, $0.01, 1,000, 1.8 billion shares authorized; 0, 717,039,108 shares issued, respectively	0	7
Capital in excess of par value	251	3,740
Treasury stock, at cost (2015 - 69,671,840 shares)	2,698	10,797
Treasury stock, at cost (2015 - 69,671,840 shares)	0	(3,152)
Accumulated other comprehensive loss	(1,087)	(1,057)
Shareholders’ equity attributable to Johnson Controls, Inc.	1,862	10,335
Noncontrolling interests	938	163
Total equity	2,800	10,498
Total liabilities and equity	$ 35,000	$ 29,622