Company:Johnson Controls

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Short description: Building systems and facility management firm based in Cork, Ireland
Johnson Controls International plc
TypePublic limited company
ISIN[https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=IE00BY7QL619 IE00BY7QL619]
IndustryConglomerate
Founded1885; 139 years ago (1885) (as Johnson Electric Service Company)
FounderWarren S. Johnson
HeadquartersCork, Ireland[1]
Key people
George Oliver (Chairman, CEO)
ProductsClimate Control, HVAC, Facility Management, Fire Alarm and Suppression
Revenue Increase US$25.3 billion (2022)[2]
Decrease US$1.7 billion (2022)[2]
Decrease US$1.5 billion (2022)[2]
Total assetsIncrease US$42.1 billion (2022)[2]
Total equityDecrease US$16.3 billion (2022)[2]
Number of employees
102,000 (2022)[2]
SubsidiariesJohnson Controls Hitachi
Website{{{1}}}
Johnson Controls office in Ontario

Johnson Controls International is an American, Irish-domiciled multinational conglomerate headquartered in Cork, Ireland,[3] that produces fire, HVAC, and security equipment for buildings. As of mid-2019, it employed 105,000 people in around 2,000 locations across six continents.[4] In 2017 it was listed as 389th in the Fortune Global 500.[5] It became ineligible for the Fortune 500 in subsequent years since it relocated its headquarters outside the U.S.[6]

The company was formed via the merger of American company Johnson Controls with Tyco International, announced on 25 January 2016. The merger led to the avoidance of taxation on foreign market operations and a financial windfall for the CEO of Johnson Controls at that time, Alex Molinaroli.[7][8]

History

A Johnson Super-Sensitive Thermometer on an old air conditioning unit

In 1883, Warren S. Johnson, a professor at the Whitewater Normal School (now University of Wisconsin–Whitewater) in Whitewater, Wisconsin, received a patent for the first electric room thermostat. His invention helped launch the building control industry and was the impetus for a new company. Johnson and a group of Milwaukee investors led by William Plankinton incorporated the Johnson Electric Service Company in 1885 to manufacture, install and service automatic temperature regulation systems for buildings.[9] After Johnson's death in 1911, the company decided to focus on its temperature control business for non-residential buildings.

In 1970, the company took over clock manufacturer Standard Electric Time Company. The company was renamed Johnson Controls in 1974. In 1978, Johnson Controls acquired battery company Globe-Union. That same year, the company divested itself of the Standard Electric Time Company and sold it to Faraday. In 1985, Johnson Controls acquired automotive seating companies Hoover Universal and Ferro Manufacturing.[10]

During the 2008–2009 recession, the company's president, Keith Wandell, lobbied Congress for a bailout of the companies that Johnson supplied.[11] The Johnson Controls plant in Lakeshore, Ontario, closed in late March 2010 and the property was sold.[12] In 2013, Stephen Roell retired and Alex Molinaroli took his position as CEO and chairman of the board.[13]

Subsequent history

On 31 October 2016, the former Johnson Controls Automotive Experience division was spun off as a separate, publicly traded company, Adient, and began trading on the New York Stock Exchange.[14] In March 2017, it was announced that Scott Safety, its safety gear business, would be bought by 3M for $2 billion.[15]

On 1 September 2017, George Oliver was appointed as Chairman and CEO, an acceleration by 6 months from the original plans.[16]

On 12 May 2021, Johnson Controls completed the acquisition of Silent-Aire.[17] (Silent-Aire was a Canadian firm that specialized in data center cooling systems. The deal was structured as follows: Johnson Controls paid $630 million upfront, and additional payments were made contingent upon reaching certain milestones, with total price capped at $870 million.)[citation needed]

In October 2021, it was announced that Johnson Controls had picked Ava Robotics to power its new 'Tyco Security Robot'. This fully autonomous security robot includes sensors, touchscreen and integrates two Tyco Illustra cameras to bring access control, video surveillance and security robotics together.[18]

In September 2023, Johnson Controls' experienced a ransomware attack, encrypting numerous company devices and servers, prompting the company to immediately shutdown specific IT systems.[19]

Women's work rights

In 1982, Johnson Controls enacted what it called a "fetal protection policy", which denied women the right to work on the battery production line because of the potential harm to a fetus they might conceive. Women were allowed to work on the production line only if they could prove that "... their inability to bear children had been medically documented."

In April 1984, the United Automobile Workers sued Johnson Controls on behalf of three employees. These employees were Mary Craig, who had chosen to be sterilized to avoid losing her job, Elsie Nason, a 50-year-old divorcee, who had suffered a loss of compensation when she was transferred from a high paying job that exposed her to lead, and Donald Penney, who had been denied a request for a leave of absence for the purpose of lowering his blood lead levels because he intended to become a father. The case was argued before the Supreme Court of the United States on 10 October 1990 and was decided on 20 March 1991. The Court ruled in favor of the plaintiffs. This was a landmark ruling because it affirmed that "... it is no more appropriate for the courts than it is for individual employers to decide whether a woman's reproductive role is more important to herself and her family than her economic role."[20]

Business units

The company's operations focus on Building Efficiency.

Building Technologies and Solutions

The Building Technologies and Solutions business unit designs, produces, installs and services heating, ventilation and air conditioning systems, industrial refrigeration, building management systems, fire and security systems and mechanical equipment for commercial and residential buildings. The brands produced under this business unit are York, TempMaster, Metasys, Panoptix, Frick and Sabroe.[21] This unit also works with organizations to reduce the energy consumption and operating costs of their buildings.[22][23] This includes retrofitting existing buildings such as the Empire State Building[24] and working on maximizing efficiency in new construction such as the Burj Khalifa in Dubai.[25] Building Technologies & Solutions is the company's longest-running business unit, dating to 1885 when Johnson founded the Johnson Electric Service Company[26] after patenting the electric thermostat in 1883.[27] (As of 2012) the business unit operated from 700 branch offices in more than 150 countries.[22]

Johnson Controls was one of the defendants in a multimillion-dollar federal court lawsuit in San Juan, Puerto Rico in a case where 98 people perished and 140 were injured in a fire at the DuPont Plaza Hotel and its casino on New Year's Eve, 31 December 1986. The plaintiffs claimed that Johnson Controls sold and installed an energy management system that failed to give early warning of the fire.[28] After nine months of trial, the company and its energy management system were absolved of blame when the court issued a directed verdict.[29][30] When the trial was completed the plaintiffs had accumulated approximately $220,908,549.00 in damages as a result of various settlements and a jury verdict against some other defendants.[31]

Former business units

Power Solutions

This unit was sold to Brookfield Business Partners and re-made into a new company, Clarios, as of 1 May 2019.[32]

The Power Solutions business unit designs and manufactures automotive batteries for passenger cars, heavy and light duty trucks, utility vehicles, motorcycles, golf carts and boats.[22][33][34][35][36] It supplies more than one third of the world's lead-acid batteries[37] to automakers and aftermarket retailers including Wal-Mart, Sears, Toyota, and BMW.[38][39][40] Lead acid battery brands produced under this business unit include Continental, OPTIMA, Heliar, LTH, Delkor and VARTA automotive batteries.[22] This part of the company also manufactures Lithium-ion cells and complete battery systems to power hybrid and electric vehicles such as the Ford Fusion[41] and Daimler's S-Class 400.[42] Additionally, it manufactures absorbent glass mat (AGM) and enhanced flooded batteries (EFB) batteries to power Start-Stop vehicles such as the Chevy Malibu and Ford Fusion.[22][37][43][44][45][46][47][48] (As of 2012) the business unit operated from 60 locations worldwide.[22] On 13 November 2018 Johnson Controls agrees to sell its Power Solutions Division to Brookfield Business Partners.[49]

Automotive Experience

This business unit was spun off into a new company named Adient on 31 October 2016.[50]

Global WorkPlace Solutions

The Global WorkPlace Solutions business unit provides outsourced facilities management services globally.[51] It also manages corporate real estate on behalf of its customers including acquiring and disposing of property, administering leases, and managing building related projects such as equipment replacements.[52] On 23 September 2015, CBRE, Inc. purchased the Global Workplace Solutions business unit, retaining the name "Global Workplace Solutions".[53]

Joint ventures

The logo of Johnson Controls - Hitachi Air Conditioning Company
  • Amaron: Amara Raja Batteries of India signed a joint venture with Johnson Controls in December 1997 to manufacture automotive batteries in India, under the brand name "Amaron".[54] Amara Raja Batteries terminated the partnership with Johnson Controls on 1 April 2019.[55]
  • Brookfield Johnson Controls: A joint venture with Brookfield Properties to provide commercial property management services in Canada. Established in 1992, it was known as Brookfield LePage Johnson Controls or BLJC until May 2015. In 2013, Johnson Controls and Brookfield Asset Management formed a similar joint venture in Australia and New Zealand.[56] In 2015, JCI pulled out and the company continued as Brookfield Global Integrated Solutions.
  • Diniz Johnson Controls : A joint venture with Diniz Holding in Turkey building complete automotive seats for major OEMs.
  • Johnson Controls Hitachi : A joint venture in 2015 with Hitachi in Japan for RAC, PAC, VRF and Chiller business.[57]
  • Johnson Controls-Saft Advanced Power Solutions: Johnson Controls-Saft Advanced Power Solutions (JCS) was a joint venture between Johnson Controls and French battery company Saft Groupe S.A.[58] It was officially launched in January 2006.[59]
VARTA established a JCS development centre at its German HQ, following the setting-up of VARTA-Saft joint venture.[59]
Johnson Controls is exhibiting a plug-in hybrid concept called the re3. Johnson Controls produced cells for lithium-ion hybrid vehicle batteries in France under the joint venture with Saft. Battery assemblies were developed and produced in Hannover(Germany), Zwickau (Germany) and Milwaukee (US)[60]
Despite some signs of promise, Johnson Controls was increasingly dissatisfied with the restrictions of the agreement and also sought a more important ally.[61][62] In May 2011, the American company requested the dissolution of Johnson Controls-Saft Advanced Power Solutions LLC to the Delaware Court of Chancery.[61][62] The two companies agreed to the separation and Johnson Controls paid Saft $145 million for its shares in the joint venture, as well as for the right to use certain technology developed by it. Johnson Controls retained the Michigan facility built by the partnership. The French joint facility was transferred to Saft.[63][64][65]

Brands

Coleman Heating & Air Conditioning

Coleman Heating & Air Conditioning is a major manufacturing brand of HVAC equipment, and was formerly an independent HVAC manufacturing company. The company began as a division of the Coleman Company in 1958 and was acquired by Evcon in 1990, which in turn was acquired by Johnson Controls in 1996.[66][67][68] Of the twelve largest American furnace brand names represented at Gas Furnace Guide, the Coleman brand received an average ranking of 3.7 out of 5 stars.[69]

York International

York International is the final name of a company started in York, Pennsylvania, United States , in 1874, which developed the York brand of refrigeration and HVAC equipment.[70][71] The York brand has been owned since August 2005 by Johnson Controls, when it was sold to them for $3.2 billion.[72][73] At the time of the acquisition, it was the world's largest independent manufacturer of air conditioning, heating, and refrigeration machinery. Its stock symbol was formerly YRK.

Manufacturing

Johnson Controls operates HVAC manufacturing plants in the United States in Wichita, Kansas and Norman, Oklahoma. The Wichita plant primarily produces residential unitary equipment, such as air conditioners, furnaces, and heat pumps for the North American Market under various brands including York and Coleman.[74] The Norman plant primarily produces rooftop units (RTUs) for commercial use.[75]

Controversies

Merger with Tyco

On 25 January 2016, Johnson Controls announced that it would merge with Tyco International to create Johnson Controls International plc, a company headquartered in Cork, Ireland.[76] The merger was completed in September 2016.[77] Merging with the Irish company allowed Johnson Controls to become an Irish company itself, and enjoy sharply lowered corporate taxes, a process known as a tax inversion. This restructuring came at great expense of the workforce which was reduced by 52% between 2016 and 2022. The same occurred after the takeover of York International in 2005, which led to a reduction of 76% of the workforce between 2005 and 2016.[78]

Hillary Clinton condemned the company for wanting to escape United States taxes through the merger after having "begged" the government for financial help in 2008.[79] The Johnson deal was termed "outrageous" by Fortune magazine.[80] The firm estimated that it would save about United States dollar 150 million a year by avoiding American taxes.[81]

Tyco international scandal

In 2002, former chairman and chief executive Dennis Kozlowski and former chief financial officer Mark H. Swartz were accused of the theft of more than US$150 million from the company. During their trial in March 2004, they contended the board of directors authorized it as compensation.[82]

Kozlowski was tried twice. The first attempt was a ruled mistrial when one of the jurors was threatened by the public after being reported to have made an OK sign towards Kozlowski's lawyers.[83] Kozlowski testified on his own behalf during the second trial, stating that his pay package was "confusing" and "almost embarrassingly big," but that he never committed a crime as the company's top executive.

On 17 June 2005, after a retrial, Kozlowski and Swartz were convicted on all but one of the more than 30 counts against them. The verdicts carry potential jail terms of up to 25 years in state prison. Kozlowski and Swartz were each sentenced to no less than eight years and four months and no more than 25 years in prison.[84] Then in May 2007, New Hampshire Federal District Court Judge Paul Barbadoro approved a class action settlement whereby Tyco agreed to pay $2.92 billion (in conjunction with $225 million by Pricewaterhouse Coopers, their auditors) to a class of defrauded shareholders represented by Grant & Eisenhofer P.A., Schiffrin, Barroway, Topaz & Kessler, and Milberg Weiss & Bershad.

On 17 January 2014, Kozlowski was granted parole from Lincoln Correctional Facility in New York City.[85]

Bribery charges in China

In 2016, Johnson Controls agreed to pay $14.4M to settle Foreign Corrupt Practices Act charges with the SEC. According to the SEC, employees of China Marine, a subsidiary of Johnson Controls, employed sham vendors to transfer $4.9M worth of bribes to Chinese government-owned shipyards, to win over businesses and enrich themselves.[86][87]

References

  1. ↑ 10-Q filing from sec.gov
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 "Johnson Controls Annual Report for Fiscal Year 2022". Johnson Controls. https://investors.johnsoncontrols.com/~/media/Files/J/Johnson-Controls-IR/quarterly-reports/2022/fy2022-fourth-quarter-form-10-q-jci-plc.pdf. 
  3. ↑ Johnson Controls 10-Q filing from sec.gov
  4. ↑ Mendonça, Elaine (2023-09-27). "Ransomware Attack on Johnson Controls International A Reminder of Cybersecurity Threats" (in en-US). https://beststocks.com/ransomware-attack-on-johnson-controls-interna/. 
  5. ↑ "Global 500 Top Companies". Fortune. http://fortune.com/global500/johnson-controls. Retrieved 9 June 2017. 
  6. ↑ "2017 Fortune 500". Fortune. http://fortune.com/fortune500/. 
  7. ↑ Surane, Jennifer (25 January 2016). "Johnson Controls Merges With Tyco in Tax-Lowering Maneuver". Bloomberg Business. https://www.bloomberg.com/news/articles/2016-01-25/johnson-controls-to-combine-with-tyco-move-domicile-to-ireland. 
  8. ↑ Stephen Gandell. "You Won't Believe How Much Johnson Controls' CEO Is Making on the Tyco Deal". Fortune 25 January 2016.
  9. ↑ Martin, Chuck (11 April 1985). "Johnson Controls a Model for Future". Wisconsin State Journal (Madison, Wisconsin). https://www.newspapers.com/clip/58154095/. 
  10. ↑ Archives, L. A. Times (1985-07-02). "Johnson Controls to Buy Ferro Manufacturing Co." (in en-US). https://www.latimes.com/archives/la-xpm-1985-07-02-fi-704-story.html. 
  11. ↑ Reid, T.R. (4 April 2017). A Fine Mess. Penguin Press. p. 2491. 
  12. ↑ "Auto-parts plant near Windsor, Ont., to close". CBC News. 22 January 2010. http://www.cbc.ca/news/canada/windsor/auto-parts-plant-near-windsor-ont-to-close-1.909274. 
  13. ↑ Content, Thomas (24 July 2013). "Molinaroli named CEO of Johnson Controls". Milwaukee Journal Sentinel. http://www.jsonline.com/business/molinaroli-named-ceo-of-johnson-controls-b9961558z1-216861091.html. 
  14. ↑ "Adient starts trading in tough market for auto stocks". Reuters. 31 October 2016. https://www.reuters.com/article/us-adient-trade-idUSKBN12V288. 
  15. ↑ "3M to buy Johnson Controls' safety gear business for $2 billion". Reuters. 16 March 2017. https://www.reuters.com/article/us-johnsoncontrols-scottsafety-3m-idUSKBN16N1M8. 
  16. ↑ "Johnson Controls announces accelerated leadership succession". http://www.johnsoncontrols.com/media-center/news/press-releases/2017/08/21/johnson-controls-announces-accelerated-leadership-succession. 
  17. ↑ "Johnson Controls Completes Acquisition of Silent-Aire". https://www.johnsoncontrols.com/media-center/news/press-releases/2021/05/12/johnson-controls-completes-acquisition-of-silent-aire. 
  18. ↑ "Ava Robotics Powers Johnson Controls' New Tyco Security Robot". 4 October 2021. https://facilityexecutive.com/2021/10/ava-robotics-powers-johnson-controls-new-tyco-security-robot/. 
  19. ↑ "HVAC Maker Johnson Controls Hit by Hack That Disrupted Parts of Its Operations" (in en). Bloomberg.com. 2023-09-27. https://www.bloomberg.com/news/articles/2023-09-27/hvac-maker-johnson-controls-hit-by-hack-warns-of-disruptions. 
  20. ↑ Automobile Workers v. Johnson Controls, U.S. 187, 111 S.Ct. 1196 (20 March 1991).
  21. ↑ "Johnson Controls Form 10-K 2012". Johnson Controls Inc. http://www.johnsoncontrols.com/content/dam/WWW/jci/corporate/investors/2012/FY12%2010-K%20-%20FINAL%20for%20web.pdf. 
  22. ↑ 22.0 22.1 22.2 22.3 22.4 22.5 "Johnson Controls Form 10-K 2012". Johnson Controls Inc. http://www.johnsoncontrols.com/content/dam/WWW/jci/corporate/investors/2012/FY12%2010-K%20-%20FINAL%20for%20web.pdf. 
  23. ↑ H.G. (28 May 2013). "Turn That Light Off!". The Economist. https://www.economist.com/blogs/schumpeter/2013/05/measuring-energy-efficiency-buildings. 
  24. ↑ Ivanova, Irina (24 June 2013). "Empire State Bldg's energy savings beat forecast". Crain's New York Business. http://www.crainsnewyork.com/article/20130624/REAL_ESTATE/130629951. 
  25. ↑ Hope, Gerhard (26 May 2010). "Johnson Controls Secures Burj Khalifa Contract". Arabian Industry. http://arabianindustry.com/construction/news/2010/may/26/johnson-controls-secures-burj-khalifa-contract-3627936/#.UdxqCPmcf_M. 
  26. ↑ Adler, Roger (18 June 2012). "In Control". The National Law Journal. http://filecache.drivetheweb.com/mr4enh_johnsoncontrols/9477/005071214Johnson.pdf. 
  27. ↑ Zwaniecki, Andrzej. "Thermostat Maker Deploys Climate Control against Rapid Climate Change – Johnson Controls Persuades Building Owners to Go Energy-Efficient". IIP Digital. Department of State. http://iipdigital.usembassy.gov/st/english/article/2008/07/20080710104405saikceinawz0.5803339.html#axzz2d5eegxRv. 
  28. ↑ Lehr Jr., Louis A. (2013). Arnstein & Lehr, The First 120 Years. Arnstein & Lehr. pp. 110–113. ISBN 978-0-615-89503-1. 
  29. ↑ Chicago Tribune, 15 May 1990[full citation needed]
  30. ↑ Merrills Illinois Legal Times, 1 July 1990, as corrected on 5 November 1990.[full citation needed]
  31. ↑ In re San Juan DuPont Plz. Hotel, 768 F. Supp. 912, 936 (Puerto Rico U.S. Dist. 1991)
  32. ↑ "Clarios launches as a world leader in advanced energy storage solutions" (Press release). Milwaukee: Clarios. PRNewswire. 1 May 2019. Retrieved 14 May 2019.
  33. ↑ "Club Car Awards Johnson Controls as a Top Supplier". Small Vehicle Resource. 3 June 2013. http://www.smallvehicleresource.com/blog/2013/06/03/club-car-awards-johnson-controls-as-a-top-supplier. 
  34. ↑ Content, Thomas (28 February 2013). "Johnson Controls' modified hybrid car batteries will power electric boat motor". Milwaukee Journal Sentinel. http://www.jsonline.com/business/johnson-controls-modified-hybrid-car-batteries-will-power-electric-boat-motor-q18vfrh-194103591.html. 
  35. ↑ "Johnson Controls modifies automotive PHEV Li-ion batteries for marine application; Torqeedo Deep Blue". Green Car Congress. 28 February 2013. http://www.greencarcongress.com/2013/02/jc-20130228.html. 
  36. ↑ Houlahan, Mark (September 2013). "Optima's Digital 400 - Charge It Right". Mustang Monthly. http://www.mustangmonthly.com/techarticles/1309_optima_digital_400_charge_it_right/. 
  37. ↑ 37.0 37.1 Rosevear, John (20 November 2012). "Under the Hood of Johnson Controls". The Motley Fool. http://www.fool.com/investing/general/2012/11/19/under-the-hood-of-johnson-controls.aspx. 
  38. ↑ Team, Trefis (14 June 2013). "Johnson Controls Shores Up Its Market Share as Exide Files for Bankruptcy". Forbes. https://www.forbes.com/sites/greatspeculations/2013/06/14/johnson-controls-shores-up-its-market-share-as-exide-files-for-bankruptcy/. 
  39. ↑ Content, Thomas (18 July 2013). "European automotive business rebounds; HomeLink business to be sold to Gentex Corp. for $700 million". Milwaukee Journal Sentinel. http://www.jsonline.com/business/johnson-controls-earnings-rose-32-as-european-automotive-business-rebounds-b9956737z1-215992421.html. 
  40. ↑ Gopwani, Jewel (10 April 2010). "Battery hub takes root in state". Detroit Free Press. http://www.freep.com/article/20100411/BUSINESS01/4110429/Battery-hub-takes-root-state. 
  41. ↑ Schwartz, Ariel (4 February 2009). "Johnson Controls Awarded Battery Contract for Ford's First Hybrid Plug-In Vehicle". Greenbiz. http://www.greenbiz.com/blog/2009/02/04/johnson-controls-awarded-battery-contract-fords-first-hybrid-plug-vehicle. 
  42. ↑ Fareed, Zakaria (20 February 2009). "To Pack a Real Punch - Everything hangs on the race to build tomorrow's battery". Newsweek. http://www.thedailybeast.com/newsweek/2009/02/20/to-pack-a-real-punch.html. 
  43. ↑ Engel, Jeff (14 January 2013). "Johnson Controls supplies start-stop battery for 2013 Ford Fusion". American City Business Journals. http://www.bizjournals.com/milwaukee/news/2013/01/14/johnson-controls-supplies-start-stop.html. 
  44. ↑ Content, Thomas (19 April 2013). "Johnson Controls to supply start-stop batteries for Chery Jaguar Land Rovers". Milwaukee Journal Sentinel. http://www.jsonline.com/business/johnson-controls-to-supply-startstop-batteries-for-chery-jaguar-land-rovers-409kkp6-203866451.html. 
  45. ↑ Content, Thomas (14 January 2013). "Johnson Controls to supply batteries for Ford Fusion with better mileageJohnson Controls to supply batteries for Ford Fusion with better mileage". Milwaukee Journal Sentinel. http://www.jsonline.com/business/johnson-controls-to-supply-batteries-for-ford-fusion-with-better-mileage-l08bllm-186728481.html. 
  46. ↑ Moran, Tim (15 January 2013). "Johnson Controls Offers Start-Stop Battery System". The New York Times. http://wheels.blogs.nytimes.com/2013/01/15/johnson-controls-offers-start-stop-battery-system/?ref=johnsoncontrolsinc&_r=0. 
  47. ↑ Motavalli, Jim (18 January 2010). "Detroit Auto Show: Johnson Controls Is a Big Battery Player with a Low Profile". CBS News. http://www.cbsnews.com/8301-505123_162-43141256/detroit-auto-show-johnson-controls-is-a-big-battery-player-with-a-low-profile/. 
  48. ↑ Chavez, Jon (7 August 2013). "Local Johnson Controls facility to make batteries for Chevy Eco". The Toledo Blade. http://www.toledoblade.com/Automotive/2013/08/08/Local-Johnson-Controls-facility-to-make-batteries-for-Chevy-Eco.html. 
  49. ↑ Al-Muslim, Aisha (13 November 2018). "Johnson Controls to Sell Auto Battery Unit to Brookfield Business Partners for $13.2 Billion". The Wall Street Journal. https://www.wsj.com/articles/johnson-controls-to-sell-power-solutions-business-to-brookfield-business-partners-for-13-2-billion-1542120854?mod=searchresults&page=1&pos=1. 
  50. ↑ "About Us". https://www.adient.com/about-us. 
  51. ↑ Content, Thomas (5 October 2010). "Johnson Controls to provide real estate services for Verizon". Milwaukee Journal Sentinel. http://www.jsonline.com/business/104343004.html. 
  52. ↑ "Brookfield Asset Management and Johnson Controls have agreed to merge their Australian and New Zealand property and FM operations". FM World. 4 December 2012. http://www.fm-world.co.uk/news/business-news/johnson-controls-and-brookfield-merge-down-under/. 
  53. ↑ "CBRE Group, Inc. Closes Acquisition of Global Workplace Solutions Business from Johnson Controls, Inc" (Press release). Retrieved 4 March 2016.
  54. ↑ "Mission & History". Amara Raja. http://www.amararaja.co.in/mission.asp. 
  55. ↑ Reporter, S. I. (3 April 2019). "Amara Raja Batteries falls 5% on ending partnership with Johnson Controls". Business Standard India. https://www.business-standard.com/article/markets/amara-raja-batteries-falls-5-on-termination-of-agreement-johnson-controls-119040300462_1.html. 
  56. ↑ "Brookfield Johnson Controls to Become Brookfield Global Integrated Solutions" (Press release). Brookfield Global Integrated Solutions. 4 May 2015.
  57. ↑ Overview of Johnson Controls Hitachi: https://www.jci-hitachi.com/about/overview/
  58. ↑ Healey, James R. (23 March 2008). "Mercedes sees electric-car progress". USA Today. https://www.usatoday.com/money/autos/environment/2008-03-23-mercedes-electric-car-battery_N.htm. 
  59. ↑ 59.0 59.1 "FC info" (in ja). Global Information Inc.. http://www.fcinfo.jp/whitepaper/524.pdf. 
  60. ↑ "Chrysler, Ford, and Other Automakers Pursue Electric Vehicles". Office of Energy Efficiency and Renewable Energy. 14 January 2009. http://apps1.eere.energy.gov/news/news_detail.cfm/news_id=12178. 
  61. ↑ 61.0 61.1 Pentland, William (19 May 2011). "Battery Battle Brews for Johnson Controls, Saft". Forbes. https://www.forbes.com/sites/williampentland/2011/05/19/battery-battle-brews-for-johnson-controls-saft/. Retrieved 15 August 2012. 
  62. ↑ 62.0 62.1 Fehrenbacher, Katie (19 May 2011). "Report: Johnson Controls Divorcing Saft Over Grid Battery Market". Gigaom. http://gigaom.com/cleantech/report-johnson-controls-divorcing-saft-over-grid-battery-market/. Retrieved 15 August 2012. 
  63. ↑ King, Danny (7 September 2011). "Johnson Controls Buys Out Saft Joint Venture". AutoObserver. http://www.autoobserver.com/2011/09/johnson-controls-buys-out-saft-joint-venture.html. 
  64. ↑ Warburton, Simon (5 September 2011). "US: Johnson Controls and Saft finish battery joint venture". Just-auto.com. http://www.just-auto.com/news/johnson-controls-and-saft-finish-battery-joint-venture_id114293.aspx. 
  65. ↑ Barrett, Rick (2 September 2011). "Johnson Controls, Saft agree to end joint venture". Milwaukee Journal Sentinel. http://www.jsonline.com/business/129172868.html. 
  66. ↑ "Coleman – WebHVAC". http://www.webhvac.com/hvac-brands/coleman/. 
  67. ↑ Coleman Heating & Air Conditioning: About Us Coleman Heating & Air Conditioning website. Downloaded 17 August 2017
  68. ↑ "Coleman Heating & Air Conditioning". https://www.furnacecompare.com/manufacturers/coleman.html. 
  69. ↑ Gas Furnace Guide Reviews Gas Furnace Guide. Downloaded 17 August 2017
  70. ↑ "York International Corp. -- Company History". http://www.company-histories.com/York-International-Corp-Company-History.html. 
  71. ↑ "Company Overview of York International Corporation". https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=36796. 
  72. ↑ "Johnson Controls Buys York International". 1 July 2005. https://www.contractingbusiness.com/archive/johnson-controls-buys-york-international. 
  73. ↑ "Johnson Controls Acquires York". https://www.achrnews.com/articles/96329-johnson-controls-acquires-york. 
  74. ↑ "Johnson Controls - Wichita Plant". 26 October 2017. https://manufacturing-today.com/profiles/johnson-controls-wichita-plant/. 
  75. ↑ "Johnson Controls Rooftop Center of Excellence recognized as an Oklahoma Project of the Year". Johnson Controls. https://www.johnsoncontrols.com/media-center/news/press-releases/2019/09/26/johnson-controls-rooftop-center-of-excellence-recognized-as-an-oklahoma-project-of-the-year. 
  76. ↑ "Johnson Controls and Tyco to merge, to be based in low-tax Ireland". The Globe and Mail. Reuters (Toronto). 25 January 2016. Archived from the original on 25 January 2016. https://web.archive.org/web/20160125135652/https://www.theglobeandmail.com/report-on-business/international-business/us-business/johnson-controls-to-merge-with-tyco/article28368145/. 
  77. ↑ "Johnson Controls and Tyco complete merger". Johnson Controls. 6 September 2016. http://www.johnsoncontrols.com/media-center/news/press-releases/2016/09/06/johnson-controls-and-tyco-complete-merger. 
  78. ↑ "Johnson Controls: Number of Employees 2006-2021 | JCI". https://www.macrotrends.net/stocks/charts/JCI/johnson-controls/number-of-employees. 
  79. ↑ Gilbert, Craig (27 January 2016). "Hillary Clinton slams Johnson Controls-Tyco deal". Milwaukee Journal Sentinel. http://www.jsonline.com/news/statepolitics/hillary-clinton-slams-johnson-controls-tyco-deal-b99659492z1-366736541.html. 
  80. ↑ "You Won't Believe How Much Johnson Controls' CEO Is Making on the Tyco Deal". Fortune. 25 January 2016. http://fortune.com/2016/01/25/johnson-tyco-ceo-pay-molinaroli/. 
  81. ↑ Reid, T.R. (4 April 2017). A Fine Mess. Penguin Press. p. 2497. 
  82. ↑ "Ex-Tyco CEO Kozlowski Says He Stole out of Pure Greed". Reuters. 5 December 2013. https://www.reuters.com/article/us-tyco-kozlowski-release-idUSBRE9B417820131205. 
  83. ↑ "Judge Declares Kozlowski Mistrial". https://www.forbes.com/2004/04/02/cx_da_0402tycomistrial.html. 
  84. ↑ "Kozlowski sentenced in Tyco trial". The Denver Post. Associated Press. 19 September 2005. https://www.denverpost.com/2005/09/19/kozlowski-sentenced-in-tyco-trial/. 
  85. ↑ de la Merced, Michael J. (3 December 2013). "Kozlowski Is Granted Parole". https://dealbook.nytimes.com/2013/12/03/kozlowski-is-granted-parole/. 
  86. ↑ "Johnson Controls pays $14.4 million to end SEC bribery probe". Reuters. 11 July 2016. https://www.reuters.com/article/us-johnson-controls-corruption-idUSKCN0ZR2J5. 
  87. ↑ Dockery, Stephen (11 July 2016). "Johnson Controls Settles China Corruption Case With SEC". Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/johnson-controls-settles-china-corruption-case-with-sec-1468276763. 

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