Johnson Controls 2015 Annual Report Download - page 88

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88
In November 2013, the Company's Board of Directors authorized a $3 billion increase in the Company's share repurchase program,
which brought the total authorized amount under the repurchase program to $3.65 billion. The share repurchase program does not
have an expiration date and may be amended or terminated by the Board of Directors at any time without prior notice. During
fiscal 2015 and 2014, the Company repurchased approximately $1.4 billion and $1.2 billion of its common shares, respectively.
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, 2015 Year Ended
September 30, 2014 Year Ended
September 30, 2013
Beginning balance, September 30 $ 194 $ 157 $ 253
Net income 51 38 48
Foreign currency translation adjustments (23) — 1
Realized and unrealized gains on derivatives 1——
Change in noncontrolling interest share — — (63)
Dividends (11)(7)(23)
Redemption value adjustment — — (59)
Other — 6 —
Ending balance, September 30 $ 212 $ 194 $ 157
The following schedules present changes in AOCI attributable to Johnson Controls, Inc. (in millions, net of tax):
Year Ended
September 30,
2015
Year Ended
September 30,
2014
Year Ended
September 30,
2013
Foreign currency translation adjustments
Balance at beginning of period $ (248) $ 392 $ 413
Aggregate adjustment for the period (net of tax effect of $(44), $7 and $19) * (799) (640) (21)
Balance at end of period (1,047) (248) 392
Realized and unrealized gains (losses) on derivatives
Balance at beginning of period 4 7 12
Current period changes in fair value (net of tax effect of $(4), $(1) and $(2)) (5) (3) (2)
Reclassification to income (net of tax effect of $(3), $0 and $(2)) ** (6) — (3)
Balance at end of period (7) 4 7
Realize and unrealized gains (losses) on marketable common stock
Balance at beginning of period — 7 5
Current period changes in fair value (net of tax effect of $0) — (1) 2
Reclassifications to income (net of tax effect of $0, $(2) and $0) *** — (6) —
Balance at end of period — — 7
Pension and postretirement plans
Balance at beginning of period 7 12 28
Reclassification to income (net of tax effect of $(3), $(3) and $(9)) **** (11) (4) (18)
Other changes (net of tax effect of $0) 1 (1) 2
Balance at end of period (3) 7 12
Accumulated other comprehensive income (loss), end of period $ (1,057) $ (237) $ 418
* During fiscal 2015, ($19) million of cumulative CTA were recognized as part of the divestiture-related gain recognized within
discontinued operations as a result of the divestiture of GWS. During fiscal 2014, $203 million of cumulative CTA were recognized