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.
Paying user area
Try for free
Johnson Controls International plc pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Johnson Controls International plc for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Johnson Controls International plc, consolidated balance sheet: liabilities and stockholders’ equity
US$ in millions
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).
- Short-term debt
- Short-term debt exhibited significant fluctuation over the periods. It decreased sharply from 1315 million in 2018 to a very low level of 8 to 31 million between 2019 and 2021, before rising again to 669 million in 2022 and then falling to 385 million in 2023.
- Current portion of long-term debt
- This component increased notably from 26 million in 2018 to a peak of 865 million in 2022, followed by a slight decrease to 645 million in 2023. The trend suggests a rising portion of long-term debt becoming due in the short term.
- Accounts payable
- Accounts payable decreased steadily from 4644 million in 2018 to 3120 million in 2020. A recovery was observed in subsequent years, reaching 4268 million by 2023, indicating rising obligations to suppliers or creditors.
- Accrued compensation and benefits
- This liability showed a general decline from 1146 million in 2018 to 838 million in 2020, followed by a moderate increase thereafter, stabilizing around 950 million in the last two periods.
- Deferred revenue
- Deferred revenue demonstrated a consistent upward trend, growing from 1326 million in 2018 to 1996 million in 2023, suggesting increasing advance payments or unearned income.
- Current liabilities held for sale
- Data is incomplete for this item; however, the figure was 44 million in 2019 and 236 million in 2022, reflecting occasional recognition of such liabilities.
- Other current liabilities
- This category maintained relative stability around the 2500-2800 million range, with a slight decline from 2793 million in 2018 to 2473 million in 2021, then increasing back to 2832 million in 2023.
- Current liabilities
- Total current liabilities decreased from 11250 million in 2018 to a low of 8248 million in 2020, then rose again, peaking at 11239 million in 2022 before a slight decrease to 11084 million in 2023. This reflects volatility in short-term obligations.
- Long-term debt, less current portion
- Long-term debt declined from 9654 million in 2018 to approximately 6708 million in 2019, then fluctuated around the 7400-7800 million mark from 2020 through 2023, showing some stability after the initial drop.
- Pension and postretirement benefit obligations
- A downward trend is apparent here, dropping from 717 million in 2018 to 278 million in 2023, indicating potential reductions in these liabilities or changes in actuarial assumptions.
- Noncurrent liabilities held for sale
- Values are sparse but show a recognition of 62 million in 2022 only.
- Other noncurrent liabilities
- These liabilities increased from 4718 million in 2018 to a peak of 5905 million in 2021, then declined to 5368 million by 2023, suggesting some reduction of long-term contingent liabilities or provisions.
- Noncurrent liabilities
- Noncurrent liabilities decreased from 15089 million in 2018 to around 12388 million in 2019, then rose again to approximately 14034-14039 million in 2020 and 2021, followed by a gradual decline to 13464 million by 2023.
- Total liabilities
- Total liabilities reflected an overall decrease from 26339 million in 2018 to 21458 million in 2019, then a steady increase up to 24756 million in 2022, with a slight drop to 24548 million in 2023, indicating growing leverage after the initial decline.
- Ordinary shares, par value
- The par value of ordinary shares slightly decreased over time from 10 million in 2018 to 7 million from 2021 onwards, signifying possible share buybacks or consolidations.
- Ordinary shares held in treasury, at cost
- Treasury shares increased consistently in absolute negative value from -1053 million in 2018 to -1240 million in 2023, illustrating active repurchase activity and a reduction in outstanding shares.
- Capital in excess of par value
- Capital in excess of par value steadily increased from 16549 million in 2018 to 17349 million in 2023, reflecting additional paid-in capital or retained earnings adjustments.
- Retained earnings
- Retained earnings declined sharply from 6604 million in 2018 to 1151 million in 2022, with a slight increase to 1384 million in 2023, pointing to earnings pressures or considerable dividend payments or write-downs during the period.
- Accumulated other comprehensive loss
- This loss fluctuated between -776 million and -955 million, with a notable improvement in 2021 to -434 million, but returned to higher loss levels by 2023, indicating volatility in other comprehensive income components such as foreign currency translation or pension adjustments.
- Shareholders’ equity attributable to the company
- Shareholders’ equity declined from 21164 million in 2018 to 16268 million by 2022, improving slightly to 16545 million in 2023. This decline is consistent with the drop in retained earnings and increased liabilities.
- Noncontrolling interests
- Noncontrolling interests decreased from 1294 million in 2018 to 1063 million in 2019, then generally remained stable around 1100-1200 million thereafter.
- Total equity
- Total equity followed a downward trajectory from 22458 million in 2018 to 17402 million in 2022, with a marginal recovery to 17694 million in 2023, reflecting overall shareholder value reduction over the period.
- Total liabilities and equity
- The combined total liabilities and equity decreased from 48797 million in 2018 to a low of 40815 million in 2020, then stabilized around 42000-42242 million through 2023, indicating a contraction in the company’s overall financial scale followed by steadying levels.