Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Johnson Controls International plc, consolidated balance sheet: assets (quarterly data)

US$ in millions

	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017
Cash and cash equivalents	843)	1,801)	835)	1,057)	1,975)	1,509)	2,031)	1,506)	1,787)	1,207)	1,336)	1,450)	1,883)	1,839)	1,951)	2,342)	1,006)	2,160)	2,805)	3,685)	239)	292)	200)	283)	268)	552)
Accounts receivable, less allowance for expected credit losses	6,688)	6,045)	6,006)	6,540)	6,002)	5,722)	5,528)	5,850)	5,689)	5,671)	5,613)	5,668)	5,167)	5,177)	5,294)	5,344)	5,492)	5,612)	5,770)	6,033)	5,707)	5,442)	7,065)	6,895)	6,679)	6,731)
Inventories	2,991)	3,006)	2,776)	3,092)	3,048)	2,895)	2,510)	2,574)	2,515)	2,425)	2,057)	2,064)	1,994)	1,913)	1,773)	1,996)	2,030)	1,953)	1,814)	2,050)	2,124)	2,027)	3,224)	3,509)	3,565)	3,459)
Current assets held for sale	—)	—)	—)	—)	446)	418)	387)	394)	386)	—)	—)	—)	—)	—)	—)	89)	91)	87)	98)	95)	2,999)	3,042)	—)	12)	22)	40)
Other current assets	1,355)	1,202)	1,120)	1,317)	1,285)	1,293)	1,229)	1,235)	1,235)	1,050)	992)	1,128)	1,160)	1,105)	1,035)	1,369)	1,336)	1,508)	1,906)	1,179)	1,767)	1,152)	1,334)	1,766)	1,737)	1,647)
Current assets	11,877)	12,054)	10,737)	12,006)	12,756)	11,837)	11,685)	11,559)	11,612)	10,353)	9,998)	10,310)	10,204)	10,034)	10,053)	11,140)	9,955)	11,320)	12,393)	13,042)	12,836)	11,955)	11,823)	12,465)	12,271)	12,429)
Property, plant and equipment, net	3,104)	3,131)	3,136)	3,187)	3,094)	3,098)	3,042)	2,962)	3,103)	3,213)	3,228)	3,111)	3,015)	3,082)	3,059)	3,041)	3,274)	3,341)	3,348)	3,282)	3,332)	3,314)	6,171)	6,093)	6,235)	6,105)
Goodwill	17,757)	18,124)	17,936)	17,644)	17,559)	17,684)	17,328)	17,725)	18,029)	18,386)	18,335)	18,445)	18,124)	18,207)	17,932)	17,759)	18,072)	18,351)	18,178)	18,312)	18,311)	18,291)	19,473)	19,512)	19,806)	19,717)
Other intangible assets, net	4,717)	4,835)	4,888)	4,831)	4,633)	4,673)	4,641)	4,764)	4,889)	5,505)	5,549)	5,679)	5,259)	5,384)	5,356)	5,364)	5,391)	5,610)	5,632)	5,739)	6,015)	6,080)	6,348)	6,424)	6,625)	6,657)
Investments in partially-owned affiliates	1,172)	1,144)	1,056)	988)	1,065)	1,053)	963)	1,070)	1,073)	1,102)	1,066)	1,016)	1,045)	1,003)	914)	834)	869)	865)	853)	848)	937)	887)	1,301)	1,290)	1,294)	1,219)
Noncurrent assets held for sale	—)	—)	—)	—)	378)	588)	751)	892)	1,079)	159)	156)	185)	179)	155)	147)	199)	46)	46)	60)	59)	5,229)	5,159)	—)	—)	—)	—)
Other noncurrent assets	4,830)	4,693)	4,489)	4,124)	3,935)	3,864)	3,748)	3,352)	3,206)	3,504)	3,558)	3,389)	3,354)	3,559)	3,354)	2,941)	2,795)	2,980)	1,823)	1,787)	1,829)	2,330)	3,681)	3,622)	3,721)	3,640)
Noncurrent assets	31,580)	31,927)	31,505)	30,774)	30,664)	30,960)	30,473)	30,765)	31,379)	31,869)	31,892)	31,825)	30,976)	31,390)	30,762)	30,138)	30,447)	31,193)	29,894)	30,027)	35,653)	36,061)	36,974)	36,941)	37,681)	37,338)
Total assets	43,457)	43,981)	42,242)	42,780)	43,420)	42,797)	42,158)	42,324)	42,991)	42,222)	41,890)	42,135)	41,180)	41,424)	40,815)	41,278)	40,402)	42,513)	42,287)	43,069)	48,489)	48,016)	48,797)	49,406)	49,952)	49,767)

Cash and cash equivalents: Cash levels experienced significant fluctuations over the analyzed period, with an initial decline in the first half of 2018, followed by a sharp increase reaching a peak in mid-2019. Thereafter, a gradual decreasing trend is noted until the end of 2021, with intermittent rises and falls. A resurgence occurs at the end of 2023, though the amounts remain below the mid-2019 peak.
Accounts receivable: Accounts receivable remained relatively stable with minor variations throughout the periods. A downward adjustment is observed at the end of 2018 followed by a steady recovery with an upward trend into early 2024, indicating improving revenue collections or sales.
Inventories: Inventories show an overall upward trajectory, particularly from late 2020 onwards, suggesting either an accumulation of stock or increased demand anticipation. The lowest recorded inventory levels were at the end of 2018, with a gradual increase peaking in mid-2023, followed by a slight decline toward early 2024.
Current assets held for sale: This category shows irregular data with some significant spikes, particularly at the end of 2018 and early 2019, indicating possible asset disposal activities. After a gap in data, moderate amounts reappear in 2022 with no data thereafter.
Other current assets: Other current assets fluctuated over the review period but generally hovered around a steady range. There was a notable drop in late 2018, with recovery to prior levels in subsequent quarters and modest growth reaching into the first quarter of 2024.
Current assets: Total current assets declined from late 2017 to early 2020, with the lowest point reached in the first quarter of 2020. A recovery trend is observed starting mid-2020 through early 2023, followed by some volatility toward early 2024, yet remaining close to pre-pandemic levels.
Property, plant and equipment, net: Net property, plant, and equipment values declined markedly at the end of 2018 and remained relatively stable but lower compared to earlier periods. Slight upward movement is seen in some quarters within 2021, with stability maintained through early 2024.
Goodwill: Goodwill shows a consistent downward trend from late 2017 through 2022, indicative of either impairment charges or divestitures. Minor recoveries appear intermittently but do not offset the overall decrease seen over the six-year span.
Other intangible assets, net: Other intangible assets steadily decreased over the period, with a sharper decline evident from late 2020 through 2022. Some stabilization and slight increases appear in late 2022 and early 2023; however, the prevailing trend indicates amortization or impairment.
Investments in partially-owned affiliates: Investment levels in partially-owned affiliates showed moderate fluctuation but trended upwards on average. Initial values dropped near the end of 2018 but have rebounded and generally increased into early 2024, suggesting increased equity in affiliates.
Noncurrent assets held for sale: This category displays sporadic entries, with a notable surge in early 2019, suggesting asset disposals or restructuring activities. Subsequent values decline gradually through 2022, indicating completion or reduction of assets held for sale, with no reported data thereafter.
Other noncurrent assets: Other noncurrent assets declined sharply around late 2018 but rose steadily from 2020 onwards, exceeding prior highs by early 2024. This increase may reflect acquisitions, capital investment, or reclassification of assets.
Noncurrent assets: Noncurrent asset totals decreased significantly between late 2018 and mid-2019, likely influenced by asset disposals and impairments. From late 2019 to early 2022, the values remained relatively stable with minor fluctuations, with a slight upward trend emerging in late 2023 and early 2024.
Total assets: Total assets followed a downward trend from late 2017 through mid-2019, falling substantially due to declines in both current and noncurrent assets. Following this low point, assets stabilized and showed modest increases toward early 2023 before a slight reduction occurred towards early 2024, but levels remained below initial 2017 amounts.

Assets: Selected Items

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Johnson Controls International plc (NYSE:JCI)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data