Johnson Controls 2013 Annual Report Download - page 87

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87
The Company consolidates certain subsidiaries in which the noncontrolling interest party has within their control the right to
require the Company to redeem all or a portion of its interest in the subsidiary. The redeemable noncontrolling interests are reported
at their estimated redemption value. Any adjustment to the redemption value impacts retained earnings but does not impact net
income. Redeemable noncontrolling interests which are redeemable only upon future events, the occurrence of which is not currently
probable, are recorded at carrying value.
The following schedules present changes in the redeemable noncontrolling interests (in millions):
Year Ended
September 30, 2013 Year Ended
September 30, 2012 Year Ended
September 30, 2011
Beginning balance, September 30 $ 253 $ 260 $ 196
Net income 48 69 64
Foreign currency translation adjustments 1(1) —
Change in noncontrolling interest share (63)(95)(21)
Dividends (23)(15)(11)
Redemption value adjustment (59) 35 32
Ending balance, September 30 $ 157 $ 253 $ 260
The following schedules present changes in accumulated other comprehensive income (AOCI) attributable to Johnson Controls,
Inc. (in millions, net of tax):
Year Ended
September 30,
2013
Year Ended
September 30,
2012
Year Ended
September 30,
2011
Foreign currency translation adjustments
Balance at beginning of period $ 413 $ 634 $ 743
Aggregate adjustment for the period (net of tax effect of $19, $(15) and $(3)) (21) (221) (109)
Balance at end of period 392 413 634
Realized and unrealized gains (losses) on derivatives
Balance at beginning of period 12 (27) 20
Current period changes in fair value (net of tax effect of $(2), $9 and $(17)) (2) 14 (28)
Reclassification to income (net of tax effect of $(2), $17 and $(13)) * (3) 25 (19)
Balance at end of period 7 12 (27)
Unrealized gains (losses) on marketable common stock
Balance at beginning of period 5 6 3
Current period changes in fair value (net of tax effect of $0, $(3) and $0) 2 (15) 3
Reclassifications to income (net of tax effect of $0) ** — 14 —
Balance at end of period 7 5 6
Pension and postretirement plans
Balance at beginning of period 28 36 32
Reclassification to income (net of tax effect of $(9), $(7) and $(1)) *** (18) (10) (2)
Other changes (net of tax effect of $0) 2 2 6
Balance at end of period 12 28 36
Accumulated other comprehensive income, end of period $ 418 $ 458 $ 649
* Refer to Note 10, "Derivative Instruments and Hedging Activities," of the notes to consolidated financial statements for disclosure
of the line items on the consolidated statements of income affected by reclassifications from AOCI into income related to derivatives.
** Refer to Note 11, "Fair Value Measurements," of the notes to consolidated financial statements for disclosure of the line item
on the consolidated statements of income affected by reclassifications from AOCI into income related to marketable common
stock.