Summary
This Form 8-K filing from Johnson Controls International plc (JCI) on February 1, 2017, primarily serves to provide investors with unaudited pro forma consolidated financial statements. These statements present JCI's financial position and performance as if key strategic transactions had occurred at earlier dates. Specifically, the pro forma statements reflect the merger with Tyco International plc and the spin-off of the automotive seating and interiors business into Adient plc, treating Adient's results as discontinued operations. The purpose of these pro forma statements is to offer a clearer view of the company's ongoing operations and financial structure following these significant corporate events. Investors should review these financials to understand the combined entity's performance post-merger and the impact of the Adient spin-off on JCI's historical and projected financial trajectory.
Key Highlights
- 1Filing provides unaudited pro forma consolidated financial statements for Johnson Controls International plc.
- 2The pro forma statements reflect the merger with Tyco International plc as if it occurred on October 1, 2015.
- 3The pro forma statements also reflect the spin-off of the automotive seating and interiors business into Adient plc.
- 4Adient's financial results are presented as discontinued operations in the pro forma statements.
- 5These pro forma financials are designed to show the impact of these major transactions on the company's financial position and performance.
- 6The pro forma statements cover periods ending September 30, 2016, 2015, and 2014, and as of September 30, 2016.