Equity and Noncontrolling Interests (Tables)

9 Months Ended

Jun. 30, 2021

Equity [Abstract]

Schedule of Stockholders Equity

For the nine months ended June 30, 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)	—		—		148		—		148		51		199
Foreign currency translation adjustments	—		—		—		53		53		9		62
Realized and unrealized gains (losses) on derivatives	—		—		—		34		34		—		34
Dividends attributable to noncontrolling interests	—		—		—		—		—		(40)		(40)
Change in noncontrolling interest share	—		—		—		—		—		(3)		(3)
Share based compensation and other	—		19		—		—		19		1		20
Balance at June 30, 2021	$	—	$	3,993	$	(1,948)	$	(578)	$	1,467	$	340	$	1,807

For the three months ended June 30, 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 March 31, 2021	$	—	$	3,985	$	(1,877)	$	(619)	$	1,489	$	353	$	1,842
Net income (loss)	—		—		(71)		—		(71)		16		(55)
Foreign currency translation adjustments	—		—		—		24		24		3		27
Realized and unrealized gains (losses) on derivatives	—		—		—		17		17		—		17
Dividends attributable to noncontrolling interests	—		—		—		—		—		(29)		(29)
Change in noncontrolling interest share	—		—		—		—		—		(3)		(3)
Share based compensation and other	—		8		—		—		8		—		8
Balance at June 30, 2021	$	—	$	3,993	$	(1,948)	$	(578)	$	1,467	$	340	$	1,807

For the nine months ended June 30, 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)	—		—		(511)		—		(511)		26		(485)
Foreign currency translation adjustments	—		—		—		(66)		(66)		1		(65)
Realized and unrealized gains (losses) on derivatives	—		—		—		(23)		(23)		—		(23)
Dividends attributable to noncontrolling interests	—		—		—		—		—		(28)		(28)
Change in noncontrolling interest share	—		—		—		—		—		(18)		(18)
Share based compensation and other	—		6		—		—		6		—		6
Adjustments from adoption of a new standard	—		—		(4)		—		(4)		—		(4)
Balance at June 30, 2020	$	—	$	3,968	$	(2,060)	$	(658)	$	1,250	$	322	$	1,572

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 June 30, 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 March 31, 2020	$	—	$	3,966	$	(1,735)	$	(690)	$	1,541	$	342	$	1,883
Net income (loss)	—		—		(325)		—		(325)		(6)		(331)
Foreign currency translation adjustments	—		—		—		8		8		2		10
Realized and unrealized gains (losses) on derivatives	—		—		—		24		24		—		24
Dividends attributable to noncontrolling interests	—		—		—		—		—		(16)		(16)
Share based compensation and other	—		2		—		—		2		—		2
Balance at June 30, 2020	$	—	$	3,968	$	(2,060)	$	(658)	$	1,250	$	322	$	1,572

Schedule of AOCI

The following table presents changes in AOCI attributable to Adient:

	Three Months Ended June 30,				Nine Months Ended June 30,
(in millions)	2021		2020		2021		2020
Foreign currency translation adjustments
Balance at beginning of period	$	(605)	$	(632)	$	(634)	$	(558)
Aggregate adjustment for the period, net of tax	24		8		53		(66)
Balance at end of period	$	(581)	$	(624)	$	(581)	$	(624)
Realized and unrealized gains (losses) on derivatives
Balance at beginning of period	$	(11)	$	(55)	$	(28)	$	(8)
Current period changes in fair value, net of tax	18		12		33		(30)
Reclassification to income, net of tax	(1)		12		1		7
Balance at end of period	$	6	$	(31)	$	6	$	(31)
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	$	(578)	$	(658)	$	(578)	$	(658)

Schedule of Changes in Redeemable Noncontrolling Interest

The following table presents changes in the redeemable noncontrolling interests:

	Three Months Ended June 30,				Nine Months Ended June 30,
(in millions)	2021		2020		2021		2020
Beginning balance	$	44	$	35	$	43	$	51
Net income	6		—		19		14
Foreign currency translation adjustments	(2)		7		—		—
Dividends	—		—		(14)		(23)
Ending balance	$	48	$	42	$	48	$	42