Equity and Noncontrolling Interests (Tables)

3 Months Ended

Dec. 31, 2023

For the three months ended December 31, 2023:


(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, 2023	$	—	$	3,973	$	(903)	$	(842)	$	2,228	$	318	$	2,546
Net income	—				20				20		12		32
Foreign currency translation adjustments	—		—		—		129		129		5		134
Realized and unrealized gains (losses) on derivatives	—		—		—		9		9		—		9

Dividends attributable to noncontrolling interests	—		—		—		—		—		(4)		(4)

Repurchases of common stock	—		(100)		—		—		(100)		—		(100)
Share based compensation and other	—		(1)		—		—		(1)		—		(1)

Balance at December 31, 2023	$	—	$	3,872	$	(883)	$	(704)	$	2,285	$	331	$	2,616

For the three months ended December 31, 2022:


(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, 2022	$	—	$	4,026	$	(1,108)	$	(845)	$	2,073	$	302	$	2,375
Net income	—		—		12		—		12		14		26
Foreign currency translation adjustments	—		—		—		90		90		5		95
Realized and unrealized gains (losses) on derivatives	—		—		—		25		25		—		25

Dividends attributable to noncontrolling interests	—		—		—		—		—		(4)		(4)

Share based compensation and other	—		(8)		—		—		(8)		—		(8)


Balance at December 31, 2022	$	—	$	4,018	$	(1,096)	$	(730)	$	2,192	$	317	$	2,509

Schedule of AOCI

The following table presents changes in AOCI attributable to Adient:


	Three Months Ended December 31,
(in millions)	2023		2022
Foreign currency translation adjustments
Balance at beginning of period	$	(854)	$	(836)
Aggregate adjustment for the period, net of tax	129		90
Balance at end of period (1)	$	(725)	$	(746)
Realized and unrealized gains (losses) on derivatives
Balance at beginning of period	$	13	$	(8)
Current period changes in fair value, net of tax	21		31
Reclassification to income, net of tax	(12)		(6)
Balance at end of period	$	22	$	17
Pension and postretirement plans
Balance at beginning of period	$	(1)	$	(1)

Balance at end of period	$	(1)	$	(1)
Accumulated other comprehensive income (loss), end of period	$	(704)	$	(730)

(1) The ending balance of foreign currency translation adjustments as of December 31, 2023 and 2022 include cumulative net investment hedge gains of $74 million and $75 million, respectively. During the next twelve months, no gains or losses are expected to be reclassified from AOCI into Adient's consolidated statements of income.

Schedule of Changes in Redeemable Noncontrolling Interest

The following table presents changes in the redeemable noncontrolling interests:


	Three Months Ended December 31,
(in millions)	2023		2022
Beginning balance	$	57	$	45
Net income (1)	13		7
Dividends	(21)		(18)

Foreign currency translation adjustments	8		11
Ending balance	$	57	$	45

(1) During the first quarter of fiscal 2024, a $5 million adjustment was recorded to increase income attributable to noncontrolling interest related to the three months ended September 30, 2023.