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$JCI 3Q15 Call: Free cash flow was approx. $400MM. YTD CapEx was $820MM, in line with expectations. Expects to be slightly below CapEx plan of $1.3Bil for 2015. Embarked on a three-year $1.2Bil per year of share buyback program beginning in FY14. Through 3Q15, executed on a $1Bil of FY15 plan of $1.2Bil.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.