Johnson Controls 2013 Annual Report Download - page 31

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31
• The increase in Asia was due to higher volumes of equipment and controls ($47 million), and higher service volumes
($30 million), partially offset by the unfavorable impact of foreign currency translation ($42 million).
• The decrease in Other was due to prior year divestitures ($67 million), lower volumes in the Middle East ($64 million)
and Europe ($54 million), and the unfavorable impact of foreign currency translation ($18 million), partially offset by
higher volumes in unitary products ($66 million), Latin America ($23 million) and other businesses ($26 million).
Segment Income:
• The decrease in North America Systems was due to higher selling, general and administrative expenses ($33 million) and
lower volumes ($8 million), partially offset by favorable margin rates ($28 million) and a pension settlement gain ($6
million).
• The increase in North America Service was due to favorable mix and margin rates ($59 million), lower selling, general
and administrative expenses ($9 million), a pension settlement gain ($6 million) and a prior year loss on business
divestitures ($3 million), partially offset by lower volumes ($13 million).
• The increase in Global Workplace Solutions was due to favorable margin rates ($47 million), a pension curtailment gain
resulting from a lost contract net of other contract costs ($24 million), a pension settlement gain ($14 million), incremental
operating income from a business acquisition ($3 million), higher equity income ($1 million) and the favorable impact
of foreign currency translation ($1 million), partially offset by lower volumes ($14 million), and higher selling, general
and administrative expenses ($14 million).
• The increase in Asia was due to favorable margin rates ($32 million) and higher volumes ($19 million), partially offset
by higher selling, general and administrative expenses ($34 million), the unfavorable impact of foreign currency translation
($5 million) and lower equity income ($1 million).
• The decrease in Other was due to prior year gains on business divestitures net of transaction costs ($43 million), a current
year loss on business divestiture including transaction costs ($22 million), higher selling, general and administrative
expenses ($21 million), lower operating income due to prior year divestitures ($11 million), contract related charges ($7
million) and the unfavorable impact of foreign currency translation ($2 million), partially offset by favorable margin rates
($49 million), higher equity income ($3 million) and a pension settlement gain ($2 million).
Automotive Experience
Net Sales
for the Year Ended
September 30,
Segment Income (Loss)
for the Year Ended
September 30,
(in millions) 2013 2012 Change 2013 2012 Change
Seating $ 16,285 $ 15,854 3% $ 723 $ 694 4%
Interiors 4,176 4,129 1% (9)(20) 55%
Electronics 1,320 1,351 -2% 585 129 *
$ 21,781 $ 21,334 2% $ 1,299 $ 803 62%
* Measure not meaningful
Net Sales:
• The increase in Seating was due to higher volumes to the Company's major OEM customers ($407 million), incremental
sales due to business acquisitions ($89 million), favorable sales mix ($75 million), and the prior year negative impact of
the flooding in Thailand and related events ($25 million), partially offset by the unfavorable impact of foreign currency
translation ($147 million) and lower volumes due to a business divestiture ($18 million).
• The increase in Interiors was due to higher volumes to the Company's major OEM customers ($38 million) and the
favorable impact of foreign currency translation ($9 million).
• The decrease in Electronics was due to net unfavorable pricing and commercial settlements ($26 million) and the
unfavorable impact of foreign currency translation ($11 million), partially offset by higher volumes to the Company's
major OEM customers ($6 million).