Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

The following selected financial data reflects the results of operations, financial position data and ordinary share information for the fiscal years ended September 30, 2016 through September 30, 2020 (dollars in millions, except per share data).


	Year ended September 30,
	2020			2019			2018			2017			2016
OPERATING RESULTS
Net sales	$	22,317		$	23,968		$	23,400		$	22,835		$	14,184
Segment EBITA (1)	2,948			3,041			3,138			2,831			1,427
Income (loss) from continuing operations attributable to Johnson Controls (6)	631			1,100			1,175			672			(10)
Net income (loss) attributable to Johnson Controls	631			5,674			2,162			1,611			(868)
Earnings (loss) per share from continuing operations (6)
Basic	$	0.84		$	1.26		$	1.27		$	0.72		$	(0.01)
Diluted	0.84			1.26			1.26			0.71			(0.01)
Return on average shareholders’ equity attributable to Johnson Controls (2) (6)	3		%	5		%	6		%	3		%	—		%
Capital expenditures	$	443		$	586		$	645		$	760		$	491
Depreciation and amortization	822			825			824			919			382
Number of employees	97,000			104,000			122,000			121,000			209,000

FINANCIAL POSITION
Working capital (as defined) (3)	$	147		$	975		$	471		$	449		$	(619)
Total assets	40,815			42,287			48,797			51,884			63,179
Long-term debt	7,526			6,708			9,623			11,885			10,966
Total debt	7,819			7,219			10,930			13,465			12,636
Shareholders' equity attributable to Johnson Controls	17,447			19,766			21,164			20,447			24,118
Total debt to capitalization (4)	31		%	27		%	34		%	40		%	34		%
Net book value per share (5)	$	24.03		$	25.42		$	22.88		$	22.03		$	25.77

ORDINARY SHARE INFORMATION
Dividends per share	$	1.04		$	1.04		$	1.04		$	1.00		$	1.16
Market prices
High	$	44.82		$	44.65		$	42.60		$	46.17		$	48.97
Low	22.78			28.30			32.89			36.74			30.30
Weighted average shares (in millions)
Basic	751.0			870.2			925.7			935.3			667.4
Diluted	753.6			874.3			931.7			944.6			672.6
Number of shareholders	33,776			35,367			37,836			40,260			41,299

(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, restructuring and impairment costs, and net mark-to-market adjustments related to pension and postretirement plans and restricted asbestos investments. 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 (loss) from continuing operations attributable to Johnson Controls includes $783 million, $235 million, $255 million, $347 million and $222 million of significant restructuring and impairment costs in fiscal year 2020, 2019, 2018, 2017 and 2016, respectively. It also includes $274 million, $618 million, $(24) million, $(384) million and $341 million of net mark-to-market losses (gains) in fiscal year 2020, 2019, 2018, 2017 and 2016, respectively. The preceding amounts are stated on a pre-tax basis.

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