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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Operating Activities      
Net income (loss) attributable to Adient $ 205 $ (120) $ 1,108
Income attributable to noncontrolling interests 90 80 82
Net income (loss) 295 (40) 1,190
Adjustments to reconcile net income (loss) to cash provided (used) by operating activities:      
Depreciation 290 298 285
Amortization of intangibles 50 52 45
Pension and postretirement benefit expense (benefit) 38 (2) (16)
Pension and postretirement contributions, net (17) (16) (23)
Equity in earnings of partially-owned affiliates, net of dividends received (includes purchase accounting amortization of $2, $2 and $5, respectively) (34) 4 44
(Gain) on sale of / impairment of nonconsolidated partially owned affiliates 6 10 (1,188)
Premium paid on repurchase of debt 7 38 50
Retrospective recoveries of Brazil indirect tax credits 0 (29) (38)
Derivative loss on the 2021 Yanfeng Transaction 0 3 30
Deferred income taxes (124) 5 40
Non-cash restructuring and impairment charges 0 14 11
Equity-based compensation 34 29 36
Other (4) 17 21
Changes in assets and liabilities:      
Receivables 16 (576) 483
Inventories 126 (62) (263)
Other assets (26) 32 82
Restructuring reserves (53) (57) (136)
Accounts payable and accrued liabilities 34 542 (388)
Accrued income taxes 29 12 (5)
Cash provided (used) by operating activities 667 274 260
Investing Activities      
Capital expenditures (252) (227) (260)
Sale of property, plant and equipment 26 20 30
Settlement of derivative contracts 0 (30) (12)
Acquisition of businesses, net of cash acquired (6) (19) (211)
Business divestitures 5 740 785
Loans to affiliates 0 0 15
Other (2) 0 0
Cash provided (used) by investing activities (229) 484 347
Financing Activities      
Increase (decrease) in short-term debt (1) (14) (5)
Increase (decrease) in long-term debt 1,002 0 214
Repayment of long-term debt (1,104) (987) (895)
Debt financing costs (23) (1) (8)
Share repurchases (65) 0 0
Cash paid to acquire a noncontrolling interest 0 (153) 0
Dividends paid to noncontrolling interests (67) (106) (69)
Other (13) (12) (7)
Cash provided (used) by financing activities (271) (1,273) (770)
Effect of exchange rate changes on cash and cash equivalents (4) (59) 8
Increase (decrease) in cash and cash equivalents, including cash classified within current assets held for sale 163 (574) (155)
Less: cash classified within current assets held for sale 0 0 (16)
Increase (decrease) in cash and cash equivalents 163 (574) (171)
Cash and cash equivalents at beginning of period 947 1,521 1,692
Cash and cash equivalents at end of period $ 1,110 $ 947 $ 1,521