JCI · 10-K · 2026A · Full report
Restructuring Charges
Johnson Controls International plc · 2026-11-12 · Importance 46 · Surprise 42 · Matches filing data
Johnson Controls expanded its multi-year restructuring plan in the fourth quarter of fiscal 2026 by $350 million, bringing expected costs to approximately $750 million for fiscal 2025–2028. The added costs primarily address manufacturing and warehouse facility consolidation, operating-footprint simplification and streamlined support functions. Approximately $400 million of costs are expected in fiscal 2027 and 2028, with completion expected by the end of fiscal 2028. The plan is expected to generate approximately $1.1 billion of annual cost savings when fully completed, across all segments and Corporate functions.
Key facts
- In the fourth quarter of fiscal 2026, Johnson Controls expanded its restructuring plan by $350 million, bringing planned costs to approximately $750 million to be incurred between fiscal 2025 and fiscal 2028. source
- Johnson Controls expects annual cost savings of approximately $1.1 billion upon full completion of its restructuring plan. source
- Johnson Controls expects to complete its restructuring plan by the end of fiscal 2028 and incur approximately $750 million in one-time restructuring costs, including approximately $400 million in fiscal 2027 and 2028. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | probable | +2.1% | Johnson Controls expects annual cost savings of approximately $1.1 billion upon full completion of its restructuring plan. |
| operating_income | negative | probable | -0.8% | Johnson Controls expects to complete its restructuring plan by the end of fiscal 2028 and incur approximately $750 million in one-time… |