Johnson Controls International plc
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
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FY2025 · Filed Nov 14, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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8. Leases
- LEASES
The following table presents the Company’s lease costs (in millions):
| Year Ended September 30, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating lease cost | $381 | $374 | $365 |
| Variable lease cost | 153 | 170 | 154 |
| Total lease costs | $534 | $544 | $519 |
The following table presents supplemental consolidated statement of financial position information (in millions):
| September 30, | ||||
|---|---|---|---|---|
| Location of lease balances · 2025 · 2024 | ||||
| Operating lease right-of-use assets | Other noncurrent assets | $1,347 | $1,170 | |
| Operating lease liabilities - current | Other current liabilities | 226 | 289 | |
| Operating lease liabilities - noncurrent | Other noncurrent liabilities | 1,084 | 921 | |
| Weighted-average remaining lease term | 7 years | 7 years | ||
| Weighted-average discount rate | 4.1% | 3.8% | ||
The following table presents supplemental cash flow information related to operating leases (in millions):
| Year Ended September 30, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash paid for amounts included in the measurement of lease liability: | |||
| Operating cash outflows from operating leases | $452 | $377 | $355 |
| Noncash operating lease activity: | |||
| Right-of-use assets obtained in exchange for operating lease liabilities | 555 | 354 | 389 |
The following table presents future minimum rental payments for operating lease liabilities as of September 30, 2025 (in millions):
| 2026 | $274 |
| 2027 | 306 |
| 2028 | 245 |
| 2029 | 189 |
| 2030 | 132 |
| After 2030 | 370 |
| Total operating lease payments | 1,516 |
| Less: Interest | (206) |
| Present value of lease payments | $1,310 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.