Report
David Whiston, CFA, CPA, CFE
EUR 147.86 For Business Accounts Only

We Think That Johnson Controls Seating Spin-Off Adient Should Not Be Ignored

Adient is the seating business of Johnson Controls and will be spun off in a taxable transaction on the morning of Oct. 31 to JCI shareholders as of the close of business on Oct. 19. Johnson Controls shareholders will receive one share of Adient for every 10 JCI shares owned. It will be incorporated in Ireland and employ about 75,000. This domicile and a large amount of Chinese aftertax equity income enables a tax rate of 10%-12% while operating 230 facilities in over 30 countries. Adient will b...
Underlying
Johnson Controls International plc

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Whiston, CFA, CPA, CFE

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