Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (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
Short-term debt	2,210)	1,998)	385)	186)	1,737)	1,026)	669)	2,081)	2,044)	392)	8)	265)	248)	11)	31)	1,321)	344)	20)	10)	20)	2,862)	2,319)	1,315)	1,559)	1,111)	1,514)
Current portion of long-term debt	1,165)	652)	645)	1,081)	922)	937)	865)	217)	240)	220)	226)	196)	196)	453)	262)	1,102)	1,086)	1,342)	501)	501)	1,106)	1)	26)	24)	25)	91)
Accounts payable	4,019)	3,976)	4,268)	4,296)	4,348)	4,138)	4,241)	4,125)	4,101)	4,083)	3,746)	3,719)	3,417)	3,210)	3,120)	3,057)	3,119)	3,336)	3,582)	3,671)	3,482)	3,273)	4,644)	4,410)	4,250)	4,020)
Accrued compensation and benefits	779)	934)	958)	954)	747)	912)	978)	874)	708)	926)	1,008)	996)	817)	836)	838)	685)	694)	844)	953)	781)	732)	868)	1,146)	984)	866)	883)
Deferred revenue	2,331)	2,122)	1,996)	1,918)	1,939)	1,774)	1,768)	1,846)	1,971)	1,845)	1,637)	1,649)	1,710)	1,583)	1,435)	1,451)	1,600)	1,495)	1,407)	1,389)	1,521)	1,378)	1,326)	1,317)	1,543)	1,368)
Current liabilities held for sale	—)	—)	—)	—)	316)	310)	236)	261)	326)	—)	—)	—)	—)	—)	—)	38)	39)	44)	44)	46)	1,558)	1,636)	—)	—)	—)	—)
Other current liabilities	3,095)	2,727)	2,832)	2,693)	2,394)	2,466)	2,482)	2,479)	2,264)	2,521)	2,473)	2,460)	2,352)	2,393)	2,562)	2,650)	2,627)	2,611)	2,573)	2,834)	2,180)	2,178)	2,793)	3,007)	3,197)	3,370)
Current liabilities	13,599)	12,409)	11,084)	11,128)	12,403)	11,563)	11,239)	11,883)	11,654)	9,987)	9,098)	9,285)	8,740)	8,486)	8,248)	10,304)	9,509)	9,692)	9,070)	9,242)	13,441)	11,653)	11,250)	11,301)	10,992)	11,246)
Long-term debt, less current portion	7,348)	7,959)	7,818)	8,497)	7,832)	7,784)	7,426)	7,194)	7,366)	7,437)	7,506)	7,318)	7,323)	7,469)	7,526)	5,671)	5,640)	5,920)	6,708)	6,804)	8,418)	9,588)	9,654)	10,373)	10,962)	10,895)
Pension and postretirement benefits	251)	271)	278)	334)	360)	354)	358)	532)	492)	499)	628)	732)	831)	1,110)	1,140)	1,053)	935)	1,013)	1,044)	493)	532)	569)	717)	777)	864)	896)
Noncurrent liabilities held for sale	—)	—)	—)	—)	59)	62)	62)	49)	228)	—)	—)	—)	—)	—)	—)	17)	—)	—)	—)	—)	185)	201)	—)	—)	—)	—)
Other noncurrent liabilities	5,418)	5,468)	5,368)	5,358)	5,688)	5,791)	5,671)	5,523)	5,563)	5,809)	5,905)	5,803)	5,529)	5,536)	5,368)	5,360)	5,230)	5,457)	4,636)	5,121)	4,612)	4,598)	4,718)	4,915)	5,019)	5,004)
Long-term liabilities	13,017)	13,698)	13,464)	14,189)	13,939)	13,991)	13,517)	13,298)	13,649)	13,745)	14,039)	13,853)	13,683)	14,115)	14,034)	12,101)	11,805)	12,390)	12,388)	12,418)	13,747)	14,956)	15,089)	16,065)	16,845)	16,795)
Total liabilities	26,616)	26,107)	24,548)	25,317)	26,342)	25,554)	24,756)	25,181)	25,303)	23,732)	23,137)	23,138)	22,423)	22,601)	22,282)	22,405)	21,314)	22,082)	21,458)	21,660)	27,188)	26,609)	26,339)	27,366)	27,837)	28,041)
Redeemable noncontrolling interests	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	231)	235)	226)
Ordinary shares, $0.01 par value	7)	7)	7)	7)	7)	7)	7)	7)	7)	7)	7)	7)	7)	7)	8)	8)	8)	8)	8)	9)	10)	10)	10)	9)	9)	9)
Ordinary A shares, €1.00 par value	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Preferred shares, $0.01 par value	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Ordinary shares held in treasury, at cost	(1,264)	(1,263)	(1,240)	(1,237)	(1,235)	(1,233)	(1,203)	(1,201)	(1,200)	(1,199)	(1,152)	(1,149)	(1,148)	(1,146)	(1,119)	(1,119)	(1,118)	(1,116)	(1,086)	(2,168)	(2,078)	(1,543)	(1,053)	(1,004)	(946)	(885)
Capital in excess of par value	17,411)	17,381)	17,349)	17,325)	17,295)	17,262)	17,224)	17,199)	17,174)	17,150)	17,116)	17,077)	17,034)	16,917)	16,865)	16,904)	16,883)	16,848)	16,812)	16,720)	16,640)	16,579)	16,549)	16,501)	16,471)	16,427)
Retained earnings	507)	1,506)	1,384)	1,099)	669)	874)	1,151)	645)	900)	1,638)	2,025)	2,256)	2,215)	2,382)	2,469)	2,955)	3,332)	4,129)	4,827)	6,366)	6,416)	6,136)	6,604)	6,075)	5,594)	5,398)
Accumulated other comprehensive loss	(1,003)	(933)	(955)	(870)	(846)	(864)	(911)	(662)	(345)	(347)	(434)	(351)	(410)	(504)	(776)	(943)	(1,021)	(540)	(795)	(564)	(952)	(1,080)	(946)	(808)	(254)	(414)
Shareholders’ equity attributable to Johnson Controls	15,658)	16,698)	16,545)	16,324)	15,890)	16,046)	16,268)	15,988)	16,536)	17,249)	17,562)	17,840)	17,698)	17,656)	17,447)	17,805)	18,084)	19,329)	19,766)	20,363)	20,036)	20,102)	21,164)	20,773)	20,874)	20,535)
Noncontrolling interests	1,183)	1,176)	1,149)	1,139)	1,188)	1,197)	1,134)	1,155)	1,152)	1,241)	1,191)	1,157)	1,059)	1,167)	1,086)	1,068)	1,004)	1,102)	1,063)	1,046)	1,265)	1,305)	1,294)	1,036)	1,006)	965)
Total equity	16,841)	17,874)	17,694)	17,463)	17,078)	17,243)	17,402)	17,143)	17,688)	18,490)	18,753)	18,997)	18,757)	18,823)	18,533)	18,873)	19,088)	20,431)	20,829)	21,409)	21,301)	21,407)	22,458)	21,809)	21,880)	21,500)
Total liabilities and equity	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)

Short-term debt: The short-term debt displayed notable volatility over the periods. Initially, it fluctuated moderately but showed substantial spikes at the end of 2018 and early 2019, with a peak at 2,862 million USD in March 2019. Following this peak, it abruptly dropped to very low values for the remainder of 2019 and early 2020, before rising again sharply towards the end of 2023 and early 2024, reaching 2,210 million USD by March 2024.
Current portion of long-term debt: This component experienced a significant increase starting in March 2019, reaching a high of 1,342 million USD by December 2019. Subsequently, the values declined gradually with fluctuations, but remained within a range between approximately 220 and 1,100 million USD. From early 2022 onwards, the amounts were more elevated compared to earlier years, reflecting an increased current liability burden in this category.
Accounts payable: Accounts payable exhibited a general upward trend from December 2017 through late 2023, increasing from about 4,020 million USD to a peak above 4,300 million USD in mid-2023, although some small fluctuations occurred. The increase indicates buildup in payables over time, with a slight dip toward the last reported quarter in March 2024.
Accrued compensation and benefits: This item showed fluctuations throughout the years without a clear directional trend. It peaked in the third quarter of 2018 at 1,146 million USD, then decreased and oscillated around 700 to 1,000 million USD in subsequent quarters. The amounts remain relatively stable towards 2023 and early 2024, suggesting consistent compensation-related liabilities.
Deferred revenue: Deferred revenue generally showed an upward trajectory with some intermediate variability. From about 1,368 million USD at the end of 2017, there was a steady increase to 2,331 million USD by March 2024, reflecting growing deferred income across the periods.
Current liabilities held for sale: Data for current liabilities held for sale first appear in late 2018 with a significant figure of 1,636 million USD, followed by sharp declines and relatively low values thereafter. This line item remains low or absent in many periods, indicating possible asset dispositions or reclassifications during those times.
Other current liabilities: This category experienced a downward trend from above 3,300 million USD at the end of 2017 to levels near 2,100-2,800 million USD in the last several years, with occasional moderate increases. Overall, there was a moderate reduction in other current liabilities across the analyzed timeframe.
Total current liabilities: Total current liabilities fluctuated between 21,000 and 13,000 million USD, showing a peak increase through early 2019, then a substantial drop by mid-2019, likely reflecting changes in classification or repayment of debts. After mid-2019, current liabilities recovered gradually, reaching a peak toward the end of 2023 and early 2024 at around 13,599 million USD.
Long-term debt, less current portion: This item declined from 10,895 million USD at the end of 2017 to a low near 5,900 million USD by the end of 2019, reflecting ongoing debt reductions or repayments. Subsequently, the long-term debt showed some increases, peaking around 8,500 million USD in mid-2023, before slightly declining into early 2024. Overall, the trend suggests active debt management with fluctuations potentially due to refinancing.
Pension and postretirement benefits: Pension and postretirement benefits declined markedly from 896 million USD at the end of 2017 to 251 million USD by the first quarter of 2024. This steady decrease indicates diminishing obligations or remeasurements, with temporary increases at some mid-period points before continuing downward.
Noncurrent liabilities held for sale: Reported irregularly and in relatively small amounts, these liabilities appeared sporadically from late 2018 and again around 2022, suggesting limited disposals or restructuring activities impacting noncurrent liabilities.
Other noncurrent liabilities: Other noncurrent liabilities were relatively stable, ranging between approximately 4,500 and 5,800 million USD over the period. Minor fluctuations were evident, but the figure remained fairly consistent, indicating steady noncurrent obligations unrelated to debt or pensions.
Total long-term liabilities: Total long-term liabilities declined from nearly 16,795 million USD at the end of 2017 to about 13,298 million USD by late 2022, with increases again towards the end of 2023. This overall decreasing pattern suggests gradual reduction in long-term obligations, with periods of refinancing or increased liabilities in some quarters.
Total liabilities: Total liabilities decreased significantly from 28,041 million USD at the end of 2017 to approximately 21,000 million USD mid-2019. After this trough, total liabilities increased steadily, reaching around 26,616 million USD by March 2024. This pattern reflects a substantial liability reduction followed by a gradual buildup.
Shareholders’ equity attributable to Johnson Controls: Equity attributable to the company declined from roughly 20,535 million USD in late 2017 to a low around 15,988 million USD in mid-2022. It showed partial recovery toward 16,698 million USD by the first quarter of 2024, indicating pressure on equity values with some rebound in recent years.
Total equity: Total equity, including noncontrolling interests, followed a similar trend to shareholders’ equity, decreasing from 21,500 million USD at the end of 2017 to near 17,143 million USD in mid-2022, before slowly increasing to approximately 16,841 million USD by early 2024. This reflects the same equity erosion and partial restoration dynamic.
Total liabilities and equity: The combined total of liabilities and equity gradually declined from 49,767 million USD in late 2017 to a low near 42,242 million USD in late 2023, with an uptick to 43,457 million USD by March 2024. The downward trend suggests a shrinking balance sheet size over time, despite stabilization and minor increases in recent periods.

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Johnson Controls International plc (NYSE:JCI)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data