Johnson Controls(JCI) - 2025 Q4 - Annual Report

Financial Performance and Challenges - The Company has experienced increased raw material costs due to tariffs and inflation, which could negatively impact revenue growth and margins in fiscal 2026[31]. Health and Safety - In fiscal 2025, the Company had a Total Recordable Incident Rate (TRIR) of 0.34 and a Lost Time Incident Rate (LTIR) of 0.15, indicating a focus on health and safety[49]. - The Company is committed to protecting its workers and the environment, with ongoing compliance efforts related to environmental laws and worker safety[39]. Workforce and Labor Relations - The Company employed approximately 87,000 people worldwide as of September 30, 2025, with a decline in workforce primarily due to divestitures[60]. - Approximately 18,000 employees are covered by collective bargaining agreements, and the Company maintains generally positive relations with labor unions[60]. Employee Development and Training - Over 1.3 million learning activities were completed by over 75,000 employees in fiscal 2025, averaging over 17 hours of learning per employee[59]. - The Company continues to invest in front-line talent development to ensure a customer-ready workforce, with retention of program participants increasing year over year[57]. - The Company has a High-Performance Culture strategy overseen by the Board of Directors, focusing on employee engagement and talent development[46]. Research and Development - The Company invested in research and development focused on energy efficiency, decarbonization, and the development of the OpenBlue platform[44]. Environmental Compliance - The Company has made capital expenditures to comply with environmental regulations, although expenditures related solely to regulatory compliance were not material in fiscal 2025[42]. Transparency and Governance - The Company provides free access to its SEC filings, including annual and quarterly reports, through its Investor Relations website[61]. - The Company emphasizes its commitment to transparency by making its Code of Ethics and Corporate Governance Guidelines available free of charge[61]. - The Company includes a section on "Risk Management" in its Management's Discussion and Analysis of Financial Condition and Results of Operations[285].