Segment Information (Tables)

6 Months Ended

Mar. 31, 2019

Schedule of Financial Information for Reportable Segments

Financial information relating to Adient's reportable segments is as follows:



	Three Months Ended March 31,						Six Months Ended March 31,
(in millions)	2019			2018 ⁽¹⁾			2019			2018 ⁽¹⁾
Net Sales
Americas	$	1,915		$	1,941		$	3,850		$	3,727
EMEA	1,778			2,056			3,418			3,909
Asia	599			690			1,249			1,338
Eliminations	(64		)	(91		)	(131		)	(174		)
Total net sales	$	4,228		$	4,596		$	8,386		$	8,800



	Three Months Ended March 31,						Six Months Ended March 31,
(in millions)	2019			2018 ⁽¹⁾			2019			2018 ⁽¹⁾
Adjusted EBITDA
Americas	$	34		$	98		$	77		$	133
EMEA	59			130			61			212
Asia	123			157			277			333
Corporate-related costs ⁽²⁾	(25		)	(23		)	(48		)	(50		)
Becoming Adient costs ⁽³⁾	—			(19		)	—			(38		)
Restructuring and impairment costs ⁽⁴⁾	(113		)	(315		)	(144		)	(315		)
Purchase accounting amortization ⁽⁵⁾	(10		)	(18		)	(20		)	(35		)
Restructuring related charges⁽⁶⁾	(14		)	(12		)	(23		)	(23		)
Stock based compensation ⁽⁷⁾	(2		)	(12		)	(8		)	(22		)
Depreciation ⁽⁸⁾	(72		)	(99		)	(137		)	(193		)
Other items ⁽⁹⁾	(2		)	(28		)	(3		)	(42		)
Earnings (loss) before interest and income taxes	(22		)	(141		)	32			(40		)
Net financing charges	(40		)	(37		)	(75		)	(70		)
Other pension income	—			7			2			8
Income (loss) before income taxes	$	(62	)	$	(171	)	$	(41	)	$	(102	)

Notes

(1) The presentation of certain amounts has been revised from what was previously reported to retrospectively adopt Accounting Standard Update ("ASU") 2017-07, "Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Cost" as of October 1, 2018. See Note 1, "Basis of Presentation and Summary of Significant Accounting Policies," for more information.

(2) Corporate-related costs not allocated to the segments include executive office, communications, corporate development, legal and finance.

(3) Reflects incremental expenses associated with becoming an independent company. Includes non-cash costs of $5 million and $11 million in the three and six months ended March 31, 2018, respectively.

(4) Reflects qualified restructuring charges for costs that are directly attributable to restructuring activities and meet the definition of restructuring under ASC 420 and non-recurring impairment charges.

(5) Reflects amortization of intangible assets including those related to partially owned affiliates recorded within equity income. As a result of the fiscal year 2018 YFAI impairment, the intangible assets related to YFAI were deemed to be fully impaired and thus no longer amortized.

(6) Reflects restructuring related charges for costs that are directly attributable to restructuring activities, but do not meet the definition of restructuring under ASC 420.

(7) For the six months ended March 31, 2018, stock based compensation excludes $8 million, which is included in Becoming Adient costs discussed above.

(8) For the six months ended March 31, 2018, depreciation excludes $4 million, which is included in restructuring related charges discussed above.

(9) The three and six months ended March 31, 2019 reflects $2 million and $3 million of Futuris integration costs, respectively. The three months ended March 31, 2018 includes $7 million of Futuris integration costs, $8 million of prior period adjustments, $7 million of non-recurring consulting fees related to the former SS&M segment. The six months ended March 31, 2018 also includes $8 million for the U.S tax reform impact at YFAI and $6 million of integration-related costs associated with Futuris. In addition, for both the three and six months ended March 31, 2018, $6 million of other non-recurring income that was reclassified to other pension income upon adoption of ASU 2017-07.