Wednesday, January 31, 2018

Ireland HQed Johnson Controls 4Q 2017 Pretax Income Was Up 40% or Up By $153 Mil, But 4Q 2017 Net Income Was Down 34% or Down By $141 Mil ....................................................................................... This Unusual Result Was Caused Mainly By a Net $200 Mil Income Tax Expense Charge in the 4Q 2017 Due to the Trump Tax Bill (Tax Cost of Foreign Earnings Repatriation of $300 Mil Less the Tax Debt Forgiveness of $100 Mil)