Equity and Noncontrolling Interests (Tables)

6 Months Ended

Mar. 31, 2021

For the six months ended March 31, 2021:


(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, 2020	$	—	$	3,974	$	(2,096)	$	(665)	$	1,213	$	322	$	1,535
Net income (loss)	—		—		219		—		219		35		254
Foreign currency translation adjustments	—		—		—		29		29		6		35
Realized and unrealized gains (losses) on derivatives	—		—		—		17		17		—		17

Dividends attributable to noncontrolling interests	—		—		—		—		—		(11)		(11)

Share based compensation and other	—		11		—		—		11		1		12


Balance at March 31, 2021	$	—	$	3,985	$	(1,877)	$	(619)	$	1,489	$	353	$	1,842

For the three months ended March 31, 2021:


(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 December 31, 2020	$	—	$	3,980	$	(1,946)	$	(582)	$	1,452	$	345	$	1,797
Net income (loss)	—		—		69		—		69		18		87
Foreign currency translation adjustments	—		—		—		(26)		(26)		(4)		(30)
Realized and unrealized gains (losses) on derivatives	—		—		—		(11)		(11)		—		(11)

Dividends attributable to noncontrolling interests	—		—		—		—		—		(7)		(7)

Share based compensation and other	—		5		—		—		5		1		6


Balance at March 31, 2021	$	—	$	3,985	$	(1,877)	$	(619)	$	1,489	$	353	$	1,842

For the six months ended March 31, 2020:


(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, 2019	$	—	$	3,962	$	(1,545)	$	(569)	$	1,848	$	341	$	2,189
Net income (loss)	—		—		(186)		—		(186)		32		(154)
Foreign currency translation adjustments	—		—		—		(74)		(74)		(1)		(75)
Realized and unrealized gains (losses) on derivatives	—		—		—		(47)		(47)		—		(47)

Dividends attributable to noncontrolling interests	—		—		—		—		—		(12)		(12)
Change in noncontrolling interest share	—		—		—		—		—		(18)		(18)
Share based compensation and other	—		4		—		—		4		—		4

Adjustments from adoption of a new standard	—		—		(4)		—		(4)		—		(4)

Balance at March 31, 2020	$	—	$	3,966	$	(1,735)	$	(690)	$	1,541	$	342	$	1,883

The deconsolidation of Adient Aerospace in the quarter ended December 31, 2019 resulted in a $18 million change in noncontrolling interest.

For the three months ended March 31, 2020:


(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 December 31, 2019	$	—	$	3,963	$	(1,716)	$	(504)	$	1,743	$	341	$	2,084
Net income (loss)	—		—		(19)		—		(19)		14		(5)
Foreign currency translation adjustments	—		—		—		(124)		(124)		(7)		(131)
Realized and unrealized gains (losses) on derivatives	—		—		—		(62)		(62)		—		(62)

Dividends attributable to noncontrolling interests	—		—		—		—		—		(6)		(6)

Share based compensation and other	—		3		—		—		3		—		3


Balance at March 31, 2020	$	—	$	3,966	$	(1,735)	$	(690)	$	1,541	$	342	$	1,883

The following table presents changes in AOCI attributable to Adient:


	Three Months Ended March 31,				Six Months Ended March 31,
(in millions)	2021		2020		2021		2020
Foreign currency translation adjustments
Balance at beginning of period	$	(579)	$	(508)	$	(634)	$	(558)
Aggregate adjustment for the period, net of tax	(26)		(124)		29		(74)
Balance at end of period	$	(605)	$	(632)	$	(605)	$	(632)
Realized and unrealized gains (losses) on derivatives
Balance at beginning of period	$	—	$	7	$	(28)	$	(8)
Current period changes in fair value, net of tax	(10)		(59)		15		(42)
Reclassification to income, net of tax	(1)		(3)		2		(5)
Balance at end of period	$	(11)	$	(55)	$	(11)	$	(55)
Pension and postretirement plans
Balance at beginning of period	$	(3)	$	(3)	$	(3)	$	(3)

Balance at end of period	$	(3)	$	(3)	$	(3)	$	(3)
Accumulated other comprehensive income (loss), end of period	$	(619)	$	(690)	$	(619)	$	(690)

The following table presents changes in the redeemable noncontrolling interests:


	Three Months Ended March 31,				Six Months Ended March 31,
(in millions)	2021		2020		2021		2020
Beginning balance	$	42	$	38	$	43	$	51
Net income	7		7		13		14
Foreign currency translation adjustments	(5)		(10)		2		(7)
Dividends	—		—		(14)		(23)

Ending balance	$	44	$	35	$	44	$	35