Johnson Controls 2014 Annual Report Download - page 34

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34
million), a prior year pension settlement gain ($21 million), lower operating income due to a prior year business divestiture
($9 million) and a current year pension settlement loss ($4 million).
• The increase in Interiors was due to higher volumes ($69 million), lower operating costs ($50 million), higher equity
income ($19 million) and lower purchasing costs ($6 million), partially offset by a net loss on business divestitures ($86
million), lower operating income due to a business divestiture ($15 million), unfavorable mix ($10 million), net unfavorable
pricing and commercial settlements ($8 million), a prior year pension settlement gain ($4 million), higher engineering
expenses ($2 million) and a current year pension settlement loss ($1 million).
Power Solutions
Year Ended
September 30,
(in millions) 2014 2013 Change
Net sales $ 6,632 $ 6,358 4%
Segment income 1,061 1,004 6%
• Net sales increased due to incremental sales related to a business acquisition ($141 million), higher sales volumes ($74
million), favorable pricing and product mix ($48 million), and the favorable impact of foreign currency translation ($30
million), partially offset by the impact of lower lead costs on pricing ($19 million).
• Segment income increased due to favorable product mix including lead acquisition costs and battery cores ($81 million),
lower operating costs ($54 million), higher volumes ($21 million), a gain on acquisition of a partially-owned affiliate
($19 million), incremental operating income related to a business acquisition ($14 million) and the favorable impact of
foreign currency translation ($3 million), partially offset by higher selling, general and administrative expenses ($54
million), prior year favorable legal settlements ($20 million), higher transportation costs ($20 million), a prior year change
in asset retirement obligations ($17 million), a prior year pension settlement gain ($16 million), a current year pension
settlement loss ($4 million) and lower equity income ($4 million).