

10. Equity and Noncontrolling Interests



(in millions)	Ordinary Shares		Additional Paid-in Capital		Retained Earnings (Accumulated Deficit)			Accumulated Other Comprehensive Income (Loss)			Shareholders' Equity Attributable to Adient			Shareholders' Equity Attributable to Noncontrolling Interests			Total Equity
Balance at September 30, 2018	$	—	$	3,951	$	(1,028	)	$	(531	)	$	2,392		$	325		$	2,717
Net income (loss)	—		—		(17		)	—			(17		)	18			1
Foreign currency translation adjustments	—		—		—			16			16			1			17
Realized and unrealized gains (losses) on derivatives	—		—		—			(3		)	(3		)	—			(3		)
Dividends declared ($0.275 per share)	—		—		(26		)	—			(26		)	—			(26		)
Dividends attributable to noncontrolling interests	—		—		—			—			—			(14		)	(14		)
Formation of consolidated joint venture	—		—		—			—			—			28			28
Share based compensation	—		3		1			—			4			—			4
Balance at December 31, 2018	$	—	$	3,954	$	(1,070	)	$	(518	)	$	2,366		$	358		$	2,724



(in millions)	Ordinary Shares		Additional Paid-in Capital		Retained Earnings (Accumulated Deficit)			Accumulated Other Comprehensive Income (Loss)			Shareholders' Equity Attributable to Adient			Shareholders' Equity Attributable to Noncontrolling Interests			Total Equity
Balance at September 30, 2017	$	—	$	3,942	$	734		$	(397	)	$	4,279		$	313		$	4,592
Net income (loss)	—		—		(216		)	—			(216		)	13			(203		)
Foreign currency translation adjustments	—		—		—			71			71			4			75
Realized and unrealized gains (losses) on derivatives	—		—		—			(10		)	(10		)	—			(10		)
Dividends declared ($0.275 per share)	—		—		(26		)	—			(26		)	—			(26		)
Dividends attributable to noncontrolling interests	—		—		—			—			—			(9		)	(9		)
Share based compensation	—		6		—			—			6			—			6
Other	—		4		—			—			4			—			4
Balance at December 31, 2017	$	—	$	3,952	$	492		$	(336	)	$	4,108		$	321		$	4,429

The following table presents changes in AOCI attributable to Adient:



	Three Months Ended December 31,
(in millions)	2018			2017
Foreign currency translation adjustments
Balance at beginning of period	$	(523	)	$	(398	)
Aggregate adjustment for the period, net of tax	16			71
Balance at end of period	(507		)	(327		)
Realized and unrealized gains (losses) on derivatives
Balance at beginning of period	(7		)	3
Current period changes in fair value, net of tax	(3		)	(9		)
Reclassification to income, net of tax	—			(1		)
Balance at end of period	(10		)	(7		)
Pension and postretirement plans
Balance at beginning of period	(1		)	(2		)
Balance at end of period	(1		)	(2		)
Accumulated other comprehensive income (loss), end of period	$	(518	)	$	(336	)

Adient consolidates certain subsidiaries in which the noncontrolling interest party has within their control the right to require Adient to redeem all or a portion of its interest in the subsidiary. These redeemable noncontrolling interests are reported at their estimated redemption value. Any adjustment to the redemption value impacts retained earnings but does not impact net income. Redeemable noncontrolling interests which are redeemable only upon future events, the occurrence of which is not currently probable, are recorded at carrying value. The following table presents changes in the redeemable noncontrolling interests:



	Three Months Ended December 31,
(in millions)	2018			2017
Beginning balance	$	47		$	28
Net income	9			7
Foreign currency translation adjustments	(1		)	1
Dividends	(28		)	(8		)
Change in noncontrolling interest share	—			1
Ending balance	$	27		$	29

During October 2018, Adient declared a dividend of $0.275 per ordinary share, which was paid in November 2018.