MILWAUKEE, WI -- As part of its continuing efforts to reduce costs and improve the efficiency of its global operations, Johnson Controls has announced it plans to initiate restructuring activities in its third quarter. The restructuring will result in an estimated after-tax charge of $130 to $140 million, or 66 cents to 71 cents per diluted share.

The restructuring charge relates to cost reduction initiatives mainly in its interior experience and building efficiency businesses and includes workforce reductions and plant consolidations. The company expects to substantially complete the initiatives over the next 12 months.

The company’s automotive-related restructuring is focused on improving the profitability associated with the manufacturing and supply of instrument panels, headliners and other interior components in North America. In Europe, it reflects actions intended to increase the efficiency of its seating component operations.

Johnson Controls also said it expects to record non-recurring tax benefits in the third quarter of approximately $135 million, or approximately 68 cents per share. The tax benefits principally result from the reversal of a German deferred tax asset valuation allowance, due to the sustained profitability and expectations for future profitability of the company's operations in that country.

The company's third quarter ended on June 30. Johnson Controls will report earnings on July 19.

For more information about Johnson Controls, go to: www.johnsoncontrols.com .

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