v3.24.2
Segment Information
 9 Months Ended
Jun. 30, 2024
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Segment Information SEGMENT INFORMATION
ASC 280, "Segment Reporting," establishes the standards for reporting information about segments in financial statements. In applying the criteria set forth in ASC 280, the Company has determined that it has four reportable segments for financial reporting purposes.

The Company conducts its business through four operating segments, all of which are reportable segments:

•Building Solutions North America which operates in the United States and Canada;
•Building Solutions EMEA/LA which operates in Europe, the Middle East, Africa and Latin America;
•Building Solutions Asia Pacific which operates in Asia Pacific; and
•Global Products which operates worldwide and includes the Johnson Controls-Hitachi joint venture.

The Building Solutions segments:

•Design, sell, install and service HVAC, controls, building management, refrigeration, integrated electronic security and integrated fire-detection and suppression systems; and
•Provide energy-efficiency solutions and technical services, including data-driven "smart building" solutions as well as inspection, scheduled maintenance, and repair and replacement of mechanical and controls systems.

The Global Products segment designs, manufactures and sells:

•HVAC equipment, controls software and software services for residential and commercial applications;
•Refrigeration equipment and controls;
•Fire protection and suppression; and
•Security products, including intrusion security, anti-theft devices, access control, and video surveillance and management systems.

The Company’s segments provide products and services to commercial, institutional, industrial, data center, governmental and residential customers.

Management evaluates the performance of its segments primarily on segment earnings before interest, taxes and amortization ("EBITA"), which represents income before income taxes and noncontrolling interests, excluding corporate expenses, amortization of intangible assets, restructuring and impairment costs, the water systems AFFF settlement costs and insurance recoveries, net mark-to-market gains and losses related to pension and postretirement plans and restricted asbestos investments, and net financing charges.

Financial information relating to the Company’s reportable segments is as follows (in millions):
 Net Sales
 Three Months Ended
June 30,		Nine Months Ended
June 30,
 2024202320242023
Building Solutions North America$2,899 $2,665 $8,125 $7,552 
Building Solutions EMEA/LA1,081 1,045 3,183 3,051 
Building Solutions Asia Pacific575 736 1,573 2,049 
Global Products2,676 2,687 7,143 7,235 
   Total net sales$7,231 $7,133 $20,024 $19,887 
 Segment EBITA
 Three Months Ended
June 30,		Nine Months Ended
June 30,
2024202320242023
Building Solutions North America$521 $385 $1,179 $967 
Building Solutions EMEA/LA111 90 280 234 
Building Solutions Asia Pacific67 102 167 249 
Global Products655 593 1,453 1,463 
Total segment EBITA1,354 1,170 3,079 2,913 
Corporate expenses135 122 373 362 
Amortization of intangible assets119 111 366 319 
Restructuring and impairment costs106 81 399 844 
Water systems AFFF settlement (1)
— — 750 — 
Water systems AFFF insurance recoveries (1)
(351)— (351)— 
Net mark-to-market gains(5)(17)(42)(16)
Net financing charges71 80 263 218 
Income before income taxes$1,279 $793 $1,321 $1,186 
(1) Refer to Note 21, "Commitments and Contingencies," of the notes to the consolidated financial statements for further disclosure related to the water systems AFFF settlement.