Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Johnson Controls International plc, consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018
Short-term debt	385)	669)	8)	31)	10)	1,315)
Current portion of long-term debt	645)	865)	226)	262)	501)	26)
Accounts payable	4,268)	4,241)	3,746)	3,120)	3,582)	4,644)
Accrued compensation and benefits	958)	978)	1,008)	838)	953)	1,146)
Deferred revenue	1,996)	1,768)	1,637)	1,435)	1,407)	1,326)
Current liabilities held for sale	—)	236)	—)	—)	44)	—)
Other current liabilities	2,832)	2,482)	2,473)	2,562)	2,573)	2,793)
Current liabilities	11,084)	11,239)	9,098)	8,248)	9,070)	11,250)
Long-term debt, less current portion	7,818)	7,426)	7,506)	7,526)	6,708)	9,654)
Pension and postretirement benefit obligations	278)	358)	628)	1,140)	1,044)	717)
Noncurrent liabilities held for sale	—)	62)	—)	—)	—)	—)
Other noncurrent liabilities	5,368)	5,671)	5,905)	5,368)	4,636)	4,718)
Noncurrent liabilities	13,464)	13,517)	14,039)	14,034)	12,388)	15,089)
Total liabilities	24,548)	24,756)	23,137)	22,282)	21,458)	26,339)
Ordinary shares, par value $0.01	7)	7)	7)	8)	8)	10)
Ordinary A shares, par value €1.00; none outstanding	—)	—)	—)	—)	—)	—)
Preferred shares, par value $0.01; none outstanding	—)	—)	—)	—)	—)	—)
Ordinary shares held in treasury, at cost	(1,240)	(1,203)	(1,152)	(1,119)	(1,086)	(1,053)
Capital in excess of par value	17,349)	17,224)	17,116)	16,865)	16,812)	16,549)
Retained earnings	1,384)	1,151)	2,025)	2,469)	4,827)	6,604)
Accumulated other comprehensive loss	(955)	(911)	(434)	(776)	(795)	(946)
Shareholders’ equity attributable to Johnson Controls	16,545)	16,268)	17,562)	17,447)	19,766)	21,164)
Noncontrolling interests	1,149)	1,134)	1,191)	1,086)	1,063)	1,294)
Total equity	17,694)	17,402)	18,753)	18,533)	20,829)	22,458)
Total liabilities and equity	42,242)	42,158)	41,890)	40,815)	42,287)	48,797)

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Johnson Controls International plc current liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Johnson Controls International plc noncurrent liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Johnson Controls International plc total liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Shareholders’ equity attributable to Johnson Controls	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Johnson Controls International plc shareholders’ equity attributable to Johnson Controls decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Johnson Controls International plc (NYSE:JCI)

Balance Sheet: Liabilities and Stockholders’ Equity