Johnson Controls 2014 Annual Report Download - page 29

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29
from a lost Global Workplace Solutions contract and transaction-related costs. Foreign currency translation had an unfavorable
impact on SG&A of $1 million. Refer to the segment analysis below within Item 7 for a discussion of segment income by segment.
Gain (Loss) on Business Divestitures - Net
Year Ended
September 30,
(in millions) 2014 2013 Change
Gain (loss) on business divestitures - net $(111) $ 7 *
* Measure not meaningful
Refer to Note 2, "Acquisitions and Divestitures," of the notes to consolidated financial statements for information on the gain
(loss) on business divestitures - net.
Restructuring and Impairment Costs
Year Ended
September 30,
(in millions) 2014 2013 Change
Restructuring and impairment costs $ 324 $ 957 -66%
Refer to Note 16, "Significant Restructuring and Impairment Costs," of the notes to consolidated financial statements for information
on the restructuring and impairment costs.
Net Financing Charges
Year Ended
September 30,
(in millions) 2014 2013 Change
Net financing charges $ 244 $ 247 -1%
Net financing charges decreased slightly in fiscal 2014 as compared to fiscal 2013 primarily due to lower interest expense as a
result of lower interest rates, partially offset by higher average borrowing levels.
Equity Income
Year Ended
September 30,
(in millions) 2014 2013 Change
Equity income $ 395 $ 399 -1%
The decrease in equity income was primarily due to prior year gains on acquisitions of a partially-owned affiliates in the Automotive
Experience business ($106 million) and lower current year income at certain Power Solutions and Building Efficiency partially-
owned affiliates, partially offset by higher current year income at certain Automotive Experience partially-owned affiliates and
gains on acquisitions of partially-owned affiliates in the Power Solutions business ($19 million) and Building Efficiency business
($19 million). Refer to the segment analysis below within Item 7 for a discussion of segment income by segment.
Income Tax Provision
Year Ended
September 30,
(in millions) 2014 2013 Change
Income tax provision $ 482 $ 696 -31%
* Measure not meaningful
The effective rate is below the U.S. statutory rate for fiscal 2014 primarily due to the benefits of continuing global tax planning
initiatives and income in certain non-U.S. jurisdictions with a tax rate lower than the U.S. statutory tax rate, partially offset by the