Johnson Controls International plc
For the period ended Sep 30, 2024. Filed Nov 19, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Nov 19, 2024
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5. Accounts Receivable
- ACCOUNTS RECEIVABLE
The Company discontinued its receivable factoring program in March 2024. The Company sold $641 million and $1,717 million of accounts receivable under factoring agreements during the years ended September 30, 2024, and 2023, respectively. The cost of factoring such receivables was not material. Previously sold receivables still outstanding were $16 million and $615 million as of September 30, 2024 and 2023, respectively.
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