Equity and Noncontrolling Interests

12 Months Ended

Sep. 30, 2011

Equity and Noncontrolling Interests [Abstract]

EQUITY AND NONCONTROLLING INTERESTS

13. EQUITY AND NONCONTROLLING INTERESTS

The following schedules present changes in consolidated equity attributable to Johnson Controls, Inc. and noncontrolling interests (in millions):

	Equity Attributable to			Equity Attributable to
	Johnson Controls,			Noncontrolling
	Inc.			Interests			Total Equity
At September 30, 2008	$	9,406		$	87		$	9,493
Total comprehensive income (loss):
Net income (loss)		(338	)		16			(322	)
Foreign currency translation adjustments		(194	)		3			(191	)
Realized and unrealized gains on derivatives		41			—			41
Employee retirement plans		(326	)		—			(326	)
Other comprehensive income (loss)		(479	)		3			(476	)
Comprehensive income (loss)		(817	)		19			(798	)
Other changes in equity:
Cash dividends — common stock ($0.52 per share)		(309	)		—			(309	)
Dividends attributable to noncontrolling interests		—			(23	)		(23	)
Debt conversion		804			—			804
Redemption value adjustment attributable to redeemable noncontrolling interests		(20	)		—			(20	)
Other, including options exercised		36			1			37
At September 30, 2009		9,100			84			9,184
Total comprehensive income:
Net income		1,491			43			1,534
Foreign currency translation adjustments		(115	)		—			(115	)
Realized and unrealized gains on derivatives		13			—			13
Unrealized gains on marketable common stock		3			—			3
Employee retirement plans		(170	)		—			(170	)
Other comprehensive loss		(269	)		—			(269	)
Comprehensive income		1,222			43			1,265
Other changes in equity:
Cash dividends — common stock ($0.52 per share)		(350	)		—			(350	)
Dividends attributable to noncontrolling interests		—			(22	)		(22	)
Redemption value adjustment attributable to redeemable noncontrolling interests		9			—			9
Other, including options exercised		90			1			91
At September 30, 2010		10,071			106			10,177
Total comprehensive income:
Net income		1,624			53			1,677
Foreign currency translation adjustments		(109	)		(1	)		(110	)
Realized and unrealized losses on derivatives		(47	)		—			(47	)
Unrealized gains on marketable common stock		3			—			3
Employee retirement plans		(205	)		—			(205	)
Other comprehensive loss		(358	)		(1	)		(359	)
Comprehensive income		1,266			52			1,318
Other changes in equity:
Cash dividends — common stock ($0.64 per share)		(435	)		—			(435	)
Dividends attributable to noncontrolling interests		—			(32	)		(32	)
Redemption value adjustment attributable to redeemable noncontrolling interests		(32	)		—			(32	)
Increase in noncontrolling interest share		—			12			12
Other, including options exercised		172			—			172
At September 30, 2011	$	11,042		$	138		$	11,180

The components of accumulated other comprehensive income were as follows (in millions, net of tax):

	September 30,
	2011			2010
Foreign currency translation adjustments	$	634		$	743
Realized and unrealized gains (losses) on derivatives		(27	)		20
Unrealized gains on marketable common stock		6			3
Employee retirement plans		(1,048	)		(843	)
Accumulated other comprehensive income (loss)	$	(435	)	$	(77	)

The Company consolidates certain subsidiaries in which the noncontrolling interest party has within their control the right to require the Company to redeem all or a portion of its interest in the subsidiary. The redeemable noncontrolling interests are reported at their estimated redemption value. Any adjustment to the redemption value impacts retained earnings but does not impact net income. Redeemable noncontrolling interests which are redeemable only upon future events, the occurrence of which is not currently probable, are recorded at carrying value.

The following schedules present changes in the redeemable noncontrolling interests (in millions):

	Year Ended			Year Ended			Year Ended
	September 30, 2011			September 30, 2010			September 30, 2009
Beginning balance, September 30	$	196		$	155		$	167
Net income (loss)		64			32			(28	)
Foreign currency translation adjustments		—			1			(2	)
Increase (decrease) in noncontrolling interest share		(21	)		17			—
Dividends attributable to noncontrolling interests		(11	)		—			(2	)
Redemption value adjustment		32			(9	)		20
Ending balance, September 30	$	260		$	196		$	155