Johnson Controls Prices $1B Notes Due 2033

TL;DR

JCI just priced a TON of debt across multiple maturities, including $1B in 3.125% notes due 2033.

AI Summary

Johnson Controls International plc announced on August 7, 2025, the issuance of $1.000 billion in aggregate principal amount of 3.125% notes due 2033. The company also announced the pricing of $1.000 billion aggregate principal amount of 3.900% notes due 2026, $1.000 billion of 3.750% notes due 2027, $1.000 billion of 3.000% notes due 2028, $1.000 billion of 5.500% notes due 2029, $1.000 billion of 1.750% notes due 2030, $1.000 billion of sustainability-linked notes due 2031, $1.000 billion of 1.000% notes due 2032, $1.000 billion of 4.900% notes due 2032, and $1.000 billion of 3.125% notes due 2033.

Why It Matters

Johnson Controls is raising significant capital through various note issuances, indicating potential expansion, refinancing, or other strategic financial activities.

Risk Assessment

Risk Level: medium — Issuing a large amount of debt can increase financial leverage and interest expenses, potentially impacting profitability and financial flexibility.

Key Numbers

• $1.000B — Notes due 2033 (Principal amount of 3.125% notes issued)
• $1.000B — Notes due 2026 (Principal amount of 3.900% notes issued)
• $1.000B — Notes due 2027 (Principal amount of 3.750% notes issued)
• $1.000B — Notes due 2028 (Principal amount of 3.000% notes issued)
• $1.000B — Notes due 2029 (Principal amount of 5.500% notes issued)
• $1.000B — Notes due 2030 (Principal amount of 1.750% notes issued)
• $1.000B — Sustainability-Linked Notes due 2031 (Principal amount of sustainability-linked notes issued)
• $1.000B — Notes due 2032 (Principal amount of 1.000% notes issued)

Key Players & Entities

• Johnson Controls International plc (company) — Filer
• 3.125% notes due 2033 (dollar_amount) — Debt issuance
• 3.900% notes due 2026 (dollar_amount) — Debt issuance
• 3.750% notes due 2027 (dollar_amount) — Debt issuance
• 3.000% notes due 2028 (dollar_amount) — Debt issuance
• 5.500% notes due 2029 (dollar_amount) — Debt issuance
• 1.750% notes due 2030 (dollar_amount) — Debt issuance
• sustainability-linked notes due 2031 (dollar_amount) — Debt issuance
• 1.000% notes due 2032 (dollar_amount) — Debt issuance
• 4.900% notes due 2032 (dollar_amount) — Debt issuance

FAQ

Key Financial Figures

• $0.01 — Registered Ordinary Shares, Par Value $0.01 JCI New York Stock Exchange 3.900% Not
• $5.0 billion — parties") to repurchase an aggregate of $5.0 billion (the "Repurchase Price") of the Company
• $9.8 billion — rrent overall remaining availability of $9.8 billion prior to giving effect to the ASR Trans

Filing Documents

• jci-20250807.htm (8-K) — 50KB
• 0000833444-25-000066.txt ( ) — 320KB
• jci-20250807.xsd (EX-101.SCH) — 7KB
• jci-20250807_def.xml (EX-101.DEF) — 25KB
• jci-20250807_lab.xml (EX-101.LAB) — 50KB
• jci-20250807_pre.xml (EX-101.PRE) — 26KB
• jci-20250807_htm.xml (XML) — 16KB

From the Filing

jci-20250807 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): August 7, 2025 JOHNSON CONTROLS INTERNATIONAL PLC (Exact name of registrant as specified in its charter) Ireland 001-13836 98-0390500 (State or Other Jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number) One Albert Quay. Cork , Ireland , T12 X8N6 (Address of principal executive offices and postal code) (353) 21-423-5000 Not Applicable (Registrant's telephone number) (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Ordinary Shares, Par Value $0.01 JCI New York Stock Exchange 3.900% Notes due 2026 JCI26A New York Stock Exchange 0.375% Senior Notes due 2027 JCI27 New York Stock Exchange 3.000% Senior Notes due 2028 JCI28 New York Stock Exchange 5.500% Senior Notes due 2029 JCI29 New York Stock Exchange 1.750% Senior Notes due 2030 JCI30 New York Stock Exchange 2.000% Sustainability-Linked Senior Notes due 2031 JCI31 New York Stock Exchange 1.000% Senior Notes due 2032 JCI32 New York Stock Exchange 4.900% Senior Notes due 2032 JCI32A New York Stock Exchange 3.125% Senior Notes due 2033 JCI33 New York Stock Exchange 4.250% Senior Notes due 2035 JCI35 New York Stock Exchange 6.000% Notes due 2036 JCI36A New York Stock Exchange 5.70% Senior Notes due 2041 JCI41B New York Stock Exchange 5.250% Senior Notes due 2041 JCI41C New York Stock Exchange 4.625% Senior Notes due 2044 JCI44A New York Stock Exchange 5.125% Notes due 2045 JCI45B New York Stock Exchange 6.950% Debentures due December 1, 2045 JCI45A New York Stock Exchange 4.500% Senior Notes due 2047 JCI47 New York Stock Exchange 4.950% Senior Notes due 2064 JCI64A New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item8.01. Other Events. On August 7, 2025, Johnson Controls International plc (the "Company") entered into accelerated share repurchase transactions (the "ASR Transactions") with each of Bank of America, N.A., Barclays Bank PLC, JPMorgan Chase Bank, National Association and Morgan Stanley & Co. LLC (the "Counterparties") to repurchase an aggregate of $5.0 billion (the "Repurchase Price") of the Company's ordinary shares (the "Shares"). The ASR Transactions are being completed under the Company's previously announced share repurchase authorization (with current overall remaining availability of $9.8 billion prior to giving effect to the ASR Transactions). Under the terms of the ASR Transactions, on August 11, 2025, the Company will pay the Repurchase Price to the Counterparties in exchange for an initial delivery of approximately 43,140,640 Shares. The total number of Shares to be repurchased under the ASR Transactions will be based on volume-weighted average prices of the Shares during the term of the ASR Transactions, less a discount and subject to customary adjustments. Upon final settlement of the ASR Transactions, the Company may be entitled to receive additional Shares from the Counterparties or, under certain circumstances, the Company may be required to deliver Shares or make a cash payment, at its option, to the Counterparties. The agreements governing the ASR Transactions contain customary terms for these types of transactions, including, but not limited to, the mechanisms to determine the number of Shares or the amount of cash that will be delivered at settlement, the required timing of delivery of the Shares, the specific circumstances under which adjustments may be made to the ASR Transactions, the specific circumstances under which the ASR Transactions may be terminated prior to the scheduled maturity and various acknowledgements, represe

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