XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net income (loss) attributable to Adient $ 148 $ (511)
Income attributable to noncontrolling interests 70 40
Net income (loss) 218 (471)
Adjustments to reconcile net income (loss) to cash provided (used) by operating activities:    
Depreciation 210 214
Amortization of intangibles 29 27
Pension and postretirement expense (benefit) (1) 2
Pension and postretirement contributions, net (18) (21)
Equity in earnings of partially-owned affiliates, net of dividends received (includes purchase accounting amortization of $3 and $3, respectively) 106 85
(Gain) on sale/impairment of nonconsolidated partially-owned affiliates (33) 222
Premium and transaction costs paid on repurchase of debt 50 0
Retrospective recoveries of Brazil indirect tax credits (38) 0
Derivative loss on the 2021 Yanfeng Transaction 24 0
Deferred income taxes (5) (13)
Non-cash impairment charges 11 27
Loss on divestitures - net 0 25
Equity-based compensation 36 8
Other 16 10
Changes in assets and liabilities:    
Receivables 195 706
Inventories (158) 16
Other assets (63) 77
Restructuring reserves (118) (60)
Accounts payable and accrued liabilities (142) (1,135)
Accrued income taxes 43 9
Cash provided (used) by operating activities 362 (272)
Investing Activities    
Capital expenditures (186) (258)
Sale of property, plant and equipment 23 5
Settlement of cross-currency interest rate swap 0 10
Advance payment for business acquisitions (271) 0
Proceeds from business divestitures 72 0
Changes in long-term investments 0 (37)
Loans to affiliates 15
Cash provided (used) by investing activities (347) (280)
Financing Activities    
Increase (decrease) in short-term debt 36 164
Increase (decrease) in long-term debt 214 600
Repayment of long-term debt (890) (6)
Debt financing costs (8) (10)
Dividends paid to noncontrolling interests (66) (67)
Other (4) (2)
Cash provided (used) by financing activities (718) 679
Effect of exchange rate changes on cash and cash equivalents 12 (19)
Increase (decrease) in cash and cash equivalents, including cash classified within current assets held for sale (691) 108
Change in cash classified within current assets held for sale (1) 0
Increase (decrease) in cash and cash equivalents (692) 108
Cash and cash equivalents at beginning of period 1,692 924
Cash and cash equivalents at end of period $ 1,000 $ 1,032