Johnson Controls International plc
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
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FY2025 · Filed Nov 14, 2025
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9. Debt and Financing Arrangements
- DEBT AND FINANCING ARRANGEMENTS
Short-Term Debt
Short-term debt consisted of the following (in millions):
| September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Term loans | $320 | $603 |
| Commercial paper | 400 | 350 |
| Bank borrowings | 3 | — |
| $723 | $953 | |
| Weighted average interest rate on short-term debt outstanding | 4.5% | 4.8% |
Long-Term Debt
Long-term debt consisted of the following (in millions):
| September 30, | ||||||
|---|---|---|---|---|---|---|
| Issuer · Interest Rate · Due Date · 2025 · 2024 | ||||||
| US dollar debt | ||||||
| JCI plc | 3.90% | February 2026 | $487 | $487 | ||
| TIFSA1 | 3.90% | February 2026 | 51 | 51 | ||
| JCI plc and TFSCA2 | 5.50% | April 2029 | 700 | 700 | ||
| JCI plc and TFSCA2 | 1.75% | September 2030 | 625 | 625 | ||
| JCI plc and TFSCA2 | 2.00% | September 2031 | 500 | 500 | ||
| JCI plc and TFSCA2 | 4.90% | December 2032 | 650 | 400 | ||
| JCI plc | 6.00% | January 2036 | 342 | 342 | ||
| JCI inc | 6.00% | January 2036 | 8 | 8 | ||
| JCI plc | 5.70% | March 2041 | 190 | 190 | ||
| JCI inc | 5.70% | March 2041 | 30 | 30 | ||
| JCI plc | 5.25% | December 2041 | 155 | 155 | ||
| JCI inc | 5.25% | December 2041 | 6 | 6 | ||
| JCI plc | 4.625% | July 2044 | 444 | 444 | ||
| JCI inc | 4.625% | July 2044 | 6 | 6 | ||
| JCI plc | 5.125% | September 2045 | 246 | 253 | ||
| TIFSA1 | 5.125% | September 2045 | 23 | 23 | ||
| JCI plc | 6.95% | December 2045 | 32 | 32 | ||
| JCI plc | 6.95% | December 2045 | 4 | 4 | ||
| JCI plc | 4.50% | February 2047 | 500 | 500 | ||
| JCI plc | 4.95% | July 2064 | 341 | 341 | ||
| JCI plc | 4.95% | July 2064 | 15 | 15 | ||
| Euro debt | ||||||
| JCI plc | 1.375% | February 2025 | — | 472 | ||
| TIFSA1 | 1.375% | February 2025 | — | 60 | ||
| JCI plc | EURIBOR plus 0.75% | April 2027 | 176 | — | ||
| JCI plc and TFSCA2 | 0.375% | September 2027 | 587 | 559 | ||
| JCI plc and TFSCA2 | 3.00% | September 2028 | 704 | 670 | ||
| JCI plc and TFSCA2 | 1.00% | September 2032 | 587 | 559 | ||
| JCI plc and TFSCA2 | 3.125% | December 2033 | 587 | — | ||
| JCI plc and TFSCA2 | 4.25% | May 2035 | 939 | 894 | ||
| Japanese yen debt | ||||||
| JCI plc | TORF plus 0.40% | September 2027 | 203 | 211 | ||
| Other | 57 | 31 | ||||
| Gross long-term debt | 9,195 | 8,568 | ||||
| Less: | ||||||
| Debt issuance costs | 39 | 38 | ||||
| Net unamortized discount | 38 | 38 | ||||
| Net purchase accounting adjustments | (39) | (48) | ||||
| 9,157 | 8,540 | |||||
| Less: Current portion | 566 | 536 | ||||
| Long-term debt | $8,591 | $8,004 | ||||
1 TIFSA = Tyco International Finance S.A.
2 TFSCA = Tyco Fire & Security Finance S.C.A.
The following table presents maturities of long-term debt as of September 30, 2025 (in millions):
| 2026 | $566 |
| 2027 | 972 |
| 2028 | 710 |
| 2029 | 706 |
| 2030 | 631 |
| After 2030 | 5,610 |
| Total | $9,195 |
Other
As of September 30, 2025, the Company hadtwo syndicated committed revolving credit facilities including $2.5 billion which is scheduled to expire in December 2028 and $500 million which is scheduled to expire in December 2025. There wereno draws on the facilities as of September 30, 2025.
As of September 30, 2025, the Company was in compliance with all financial covenants set forth in its credit agreements and the indentures governing its outstanding notes, and expects to remain in compliance for the foreseeable future.
Total interest paid on both short and long-term debt for the years ended September 30, 2025, 2024 and 2023 was $321 million, $361 million and $288 million, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.