The following selected financial data reflects the results of operations, financial position data and ordinary share information for the fiscal years ended September 30, 2014 through September 30, 2018 (dollars in millions, except per share data).
Year ended September 30,
2018
2017
2016
2015
2014
OPERATING RESULTS
Net sales
$
31,400
$
30,172
$
20,837
$
17,100
$
16,717
Segment EBITA (1)
4,555
4,258
2,754
2,327
2,084
Income from continuing operations attributable to Johnson Controls (6)
2,162
1,654
732
814
906
Net income (loss) attributable to Johnson Controls
2,162
1,611
(868
)
1,563
1,215
Earnings per share from continuing operations (6)
Basic
$
2.34
$
1.77
$
1.10
$
1.24
$
1.36
Diluted
2.32
1.75
1.09
1.23
1.34
Return on average shareholders’ equity attributable to Johnson Controls (2) (6)
10
%
7
%
4
%
8
%
8
%
Capital expenditures
$
1,030
$
1,343
$
1,249
$
1,135
$
1,199
Depreciation and amortization
1,085
1,188
953
860
955
Number of employees
122,000
121,000
209,000
139,000
168,000
FINANCIAL POSITION
Working capital (as defined) (3)
$
1,714
$
1,608
$
369
$
550
$
989
Total assets
48,797
51,884
63,179
29,590
32,777
Long-term debt
9,654
11,964
11,053
5,367
5,887
Total debt
10,995
13,572
12,759
6,208
6,100
Shareholders' equity attributable to Johnson Controls
21,164
20,447
24,118
10,335
11,270
Total debt to capitalization (4)
34
%
40
%
35
%
38
%
35
%
Net book value per share (5)
$
22.88
$
22.03
$
25.77
$
15.96
$
16.93
ORDINARY SHARE INFORMATION
Dividends per share
$
1.04
$
1.00
$
1.16
$
1.04
$
0.88
Market prices
High
$
42.60
$
46.17
$
48.97
$
54.52
$
52.50
Low
32.89
36.74
30.30
38.48
39.42
Weighted average shares (in millions)
Basic
925.7
935.3
667.4
655.2
666.9
Diluted
931.7
944.6
672.6
661.5
674.8
Number of shareholders
37,836
40,260
41,299
35,425
36,687
(1)
Segment earnings before interest, taxes and amortization ("EBITA") is calculated as income from continuing operations before income taxes and noncontrolling interests, excluding general corporate expenses, intangible asset amortization, net financing charges, significant restructuring and impairment costs, and net mark-to-market adjustments related to pension and postretirement plans. Refer to Note 19, “Segment Information,” of the notes to consolidated financial statements for a reconciliation of segment EBITA to income from continuing operations before income taxes.
(2)
Return on average shareholders’ equity attributable to Johnson Controls represents income from continuing operations attributable to Johnson Controls divided by average shareholders’ equity attributable to Johnson Controls.
(3)
Working capital is defined as current assets less current liabilities, excluding cash, short-term debt, the current portion of long-term debt, and the current portions of assets and liabilities held for sale.
(4)
Total debt to total capitalization represents total debt divided by the sum of total debt and shareholders’ equity attributable to Johnson Controls.
(5)
Net book value per share represents shareholders’ equity attributable to Johnson Controls divided by the number of shares outstanding at the end of the period.
(6)
Income from continuing operations attributable to Johnson Controls includes $263 million, $367 million, $288 million, $215 million and $165 million of significant restructuring and impairment costs in fiscal year 2018, 2017, 2016, 2015 and 2014, respectively. It also includes $(10) million, $(420) million, $393 million, $416 million and $187 million of net mark-to-market charges (gains) on pension and postretirement plans in fiscal year 2018, 2017, 2016, 2015 and 2014, respectively. The preceding amounts are stated on a pre-tax basis.
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