The company entered into a definitive agreement to sell its Air Distribution Technologies business, indicating a strategic move to focus on core operations. This divestiture is expected to close in the fourth quarter of fiscal 2024.

The company entered into a definitive agreement to sell its Residential and Light Commercial HVAC business, including its joint venture with Hitachi, indicating a strategic move to focus on core operations. This divestiture is expected to close in the fourth quarter of fiscal 2025.

The company is investing in new digital and product capabilities, including its OpenBlue platform, to enable it to deliver sustainable, high-efficiency products and tailored services to enable customers to achieve their sustainability goals.

The company continues to remediate a material weakness in its internal controls over financial reporting, with most controls designed and implemented. However, the material weakness will not be considered remediated until the remediation plan has been fully implemented and the controls operate effectively.

The company is managing supply chain disruptions and inflation through expanding its supplier network, supplier financing, price increases and productivity improvements, but these actions have not fully offset the impact of these trends.

The company expects cost savings from restructuring initiatives to be substantially offset by incremental ongoing operating costs and investments to grow the business.

The company faces risks related to ongoing litigation and environmental matters, including AFFF-related litigation and remediation, which could have a material adverse effect on the company's financial position, results of operations or cash flows.

The company experienced a cybersecurity incident that impacted its internal IT infrastructure and applications, which could have a material adverse effect on the company's financial position, results of operations or cash flows.

The company faces risks related to macroeconomic and geopolitical volatility, including shortages impacting the availability of raw materials and component products and the conflicts between Russia and Ukraine and Israel and Hamas.

The company is leveraging its install base, together with data-driven products and services, to offer outcome-based solutions to customers with a focus on generating accelerated growth in services and recurring revenue.

The company is adapting to trends demonstrating increased interest and demand for its products and services that enable smart, safe, efficient and sustainable buildings, driven by government tax incentives, building performance standards and other regulations.

The company is facing continued weakness in China's Systems/Install business, which is negatively impacting the performance of the Building Solutions Asia Pacific segment.

The company is implementing restructuring activities to reduce costs, which are expected to reduce cost of sales and selling, general and administrative expenses due to reduced employee-related costs, depreciation and amortization expense.

The company is managing supply chain disruptions and inflation through expanding its supplier network, supplier financing, price increases and productivity improvements, but these actions have not fully offset the impact of these trends.

The company is experiencing labor shortages, work stoppages, union negotiations and labor disputes that could impact the company's results of operations.

The company is investing in new digital and product capabilities, including its OpenBlue platform, to enable it to deliver sustainable, high-efficiency products and tailored services to enable customers to achieve their sustainability goals.

The company is adapting to trends demonstrating increased interest and demand for its products and services that enable smart, safe, efficient and sustainable buildings, driven by government tax incentives, building performance standards and other regulations.

The company is managing the lifecycle cybersecurity risk in the development, deployment and operation of the Company's digital platforms and services.

The company repurchased and immediately retired $402 million and $876 million of its ordinary shares during the three and nine months ended June 30, 2024, respectively, on an open market. Approximately $2.1 billion remains available under the share repurchase program.

The company declared a dividend of $0.37 per common share in the quarter ended June 30, 2024 and intends to continue paying dividends throughout fiscal 2024.

The company believes its capital resources and liquidity position, including cash and cash equivalents of $862 million at June 30, 2024, are adequate to fund operations and meet its cash obligations for the foreseeable future.

The company is adapting to global climate change, climate change regulation and successfully meet the Company's public sustainability commitments.

The company seeks to capitalize on trends to drive growth by developing and delivering technologies and solutions to create smart, sustainable and healthy buildings.

The company faces risks related to ongoing litigation and environmental matters, including AFFF-related litigation and remediation, which could have a material adverse effect on the company's financial position, results of operations or cash flows.

The company continues to observe trends demonstrating increased interest and demand for its products and services that enable smart, safe, efficient and sustainable buildings, driven in part by government tax incentives, building performance standards and other regulations.

The company is managing macroeconomic and geopolitical volatility, including shortages impacting the availability of raw materials and component products and the conflicts between Russia and Ukraine and Israel and Hamas.

During the nine months ended June 30, 2024, the Company observed continued softening of economic conditions in China, negatively impacting the performance of the Building Solutions Asia Pacific segment.