Supplement dated December 11, 1995
to Prospectus Supplement dated December 5, 1995
Johnson Controls, Inc.
The following information supplements and amends the
Prospectus Supplement, dated December 5, 1995, of Johnson
Controls, Inc. (the "Company") relating to the issuance of the
Company's 6.95% Debentures due December 1, 2045 (the
"Debentures"). This Supplement should be read in conjunction
with the Prospectus Supplement dated December 5, 1995.
On December 7, 1995, as part of the Clinton administration's
Balanced Budget Act of 1995 for Economic Growth and Fairness, the
U.S. Department of the Treasury (the "Treasury") proposed a
series of federal tax law revisions that would, among other
things, prohibit an issuer from deducting interest payments on
bonds with a maturity of more than 40 years issued on or after
December 7, 1995. On December 11, 1995, the Treasury announced
transitional relief from these proposed revisions, clarifying
that instruments issued pursuant to a commitment that was binding
before December 7, 1995 will not be subject to these proposed
revisions. For this purpose, a binding commitment includes the
underwriting agreement executed in connection with this offering.
In addition, the Treasury stated that an instrument that was
priced before December 7, 1995, such as the Debentures, will not
be subject to the proposed revisions. To become effective, the
proposed revisions must be enacted by Congress and signed by
President Clinton. There can be no assurance that Congress will
adopt the proposed revisions to the federal tax laws or that, if
adopted, they will resemble the revisions proposed by the
Treasury or will include the transitional relief announced by the
Treasury. Investors should consult with their tax advisors with
respect to the particular tax consequences to them, if any, in
the event that these proposed revisions are enacted.
