Johnson Controls CEO Alex Molinaroli says the company's 2014 outlook is conservative he does see the company's three business units posting higher profitability next year. On the autos front, Molinaroli says the U.S. and China are two of the strongest markets for the auto parts it produces. Separately, Molinaroli says he expects to use some of the company's free cash flow to make investments in the business. TheStreet's Ruben Ramirez spoke exclusively with Molinaroli on the sidelines of the company's analyst meeting.

More from Video

The CEO of Wall Street Disruptor Symphony Reacts to Tuesday's Market Declines

The CEO of Wall Street Disruptor Symphony Reacts to Tuesday's Market Declines

60 Seconds: What is the Yield Curve and Why is it Screaming Recession?

60 Seconds: What is the Yield Curve and Why is it Screaming Recession?

Coke Has Figured Out How to Stay Relevant (Watch)

Coke Has Figured Out How to Stay Relevant (Watch)

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Video: Jim Cramer on Rising Interest Rates, Trade Worries & Caterpillar

Video: Jim Cramer on Rising Interest Rates, Trade Worries & Caterpillar