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Equity and Noncontrolling Interests
3 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Equity and Noncontrolling Interests
11. Equity and Noncontrolling Interests

(in millions)Ordinary SharesAdditional Paid-in CapitalRetained Earnings
(Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)Shareholders' Equity Attributable
to Adient
Shareholders' Equity Attributable to Noncontrolling InterestsTotal Equity
Balance at September 30, 2019$—  $3,962  $(1,545) $(569) $1,848  $341  $2,189  
Net income (loss)—  —  (167) —  (167) 18  (149) 
Foreign currency translation adjustments—  —  —  50  50   56  
Realized and unrealized gains (losses) on derivatives—  —  —  15  15  —  15  
Dividends attributable to noncontrolling interests—  —  —  —  —  (6) (6) 
Change in noncontrolling interest share—  —  —  —  —  (18) (18) 
Share based compensation—   —  —   —   
Adjustments from adoption of a new standard—  —  (4) —  (4) —  (4) 
Other—  (2) —  (2) —  (2) 
Balance at December 31, 2019$—  $3,963  $(1,716) $(504) $1,743  $341  $2,084  

The deconsolidation of Adient Aerospace in the quarter ended December 31, 2019 resulted in a $18 million change in noncontrolling interest.
(in millions)Ordinary SharesAdditional Paid-in CapitalRetained Earnings
(Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)Shareholders' Equity Attributable
to Adient
Shareholders' Equity Attributable to Noncontrolling InterestsTotal Equity
Balance at September 30, 2018$—  $3,951  $(1,028) $(531) $2,392  $325  $2,717  
Net income (loss)—  —  (17) —  (17) 18   
Foreign currency translation adjustments—  —  —  16  16   17  
Realized and unrealized gains (losses) on derivatives—  —  —  (3) (3) —  (3) 
Dividends declared ($0.275 per share)
—  —  (26) —  (26) —  (26) 
Dividends attributable to noncontrolling interests—  —  —  —  —  (14) (14) 
Formation of consolidated joint venture—  —  —  —  —  28  28  
Share based compensation—    —   —   
Balance at December 31, 2018$—  $3,954  $(1,070) $(518) $2,366  $358  $2,724  


During October 2018, Adient declared a dividend of $0.275 per ordinary share, which was paid in November 2018.
The following table presents changes in AOCI attributable to Adient:

Three Months Ended
December 31,
(in millions)20192018
Foreign currency translation adjustments
Balance at beginning of period$(558) $(523) 
Aggregate adjustment for the period, net of tax50  16  
Balance at end of period(508) (507) 
Realized and unrealized gains (losses) on derivatives
Balance at beginning of period(8) (7) 
Current period changes in fair value, net of tax17  (3) 
Reclassification to income, net of tax(2) —  
Balance at end of period (10) 
Pension and postretirement plans
Balance at beginning of period(3) (1) 
Balance at end of period(3) (1) 
Accumulated other comprehensive income (loss), end of period$(504) $(518) 


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)20192018
Beginning balance$51  $47  
Net income  
Foreign currency translation adjustments (1) 
Dividends(23) (28) 
Ending balance$38  $27