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Johnson Controls International (LTS:0Y7S) Long-Term Capital Lease Obligation : $0 Mil (As of Mar. 2024)


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What is Johnson Controls International Long-Term Capital Lease Obligation?

Johnson Controls International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil.


Johnson Controls International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Johnson Controls International's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Johnson Controls International Long-Term Capital Lease Obligation Chart

Johnson Controls International Annual Data
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Long-Term Capital Lease Obligation
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Johnson Controls International Quarterly Data
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Johnson Controls International  (LTS:0Y7S) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Johnson Controls International (LTS:0Y7S) Business Description

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Address
One Albert Quay, Cork, IRL, T12 X8N6
Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration systems, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.

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