Equity and Noncontrolling Interests (Tables)

9 Months Ended

Jun. 30, 2024

Equity [Abstract]

Schedule of Stockholders Equity

For the three months ended June 30, 2024:

(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, 2024	$	—	$	3,830	$	(953)	$	(802)	$	2,075	$	327	$	2,402
Net income (loss)	—		—		(11)		—		(11)		9		(2)
Foreign currency translation adjustments	—		—		—		(44)		(44)		(3)		(47)
Realized and unrealized gains (losses) on derivatives	—		—		—		(23)		(23)		—		(23)
Dividends attributable to noncontrolling interests	—		—		—		—		—		(39)		(39)
Repurchases of common stock	—		(75)		—		—		(75)		—		(75)
Share based compensation and other	—		5		—		—		5		1		6
Balance at June 30, 2024	$	—	$	3,760	$	(964)	$	(869)	$	1,927	$	295	$	2,222

For the nine months ended June 30, 2024:

(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 (loss)	—		—		(61)		—		(61)		35		(26)
Foreign currency translation adjustments	—		—		—		(7)		(7)		(2)		(9)
Realized and unrealized gains (losses) on derivatives	—		—		—		(20)		(20)		—		(20)
Dividends attributable to noncontrolling interests	—		—		—		—		—		(57)		(57)
Repurchases of common stock	—		(225)		—		—		(225)		—		(225)
Share based compensation and other	—		12		—		—		12		1		13
Balance at June 30, 2024	$	—	$	3,760	$	(964)	$	(869)	$	1,927	$	295	$	2,222

For the three months ended June 30, 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 March 31, 2023	$	—	$	3,995	$	(1,111)	$	(687)	$	2,197	$	335	$	2,532
Net income	—		—		73		—		73		15		88
Foreign currency translation adjustments	—		—		—		(78)		(78)		(9)		(87)
Realized and unrealized gains (losses) on derivatives	—		—		—		11		11		—		11
Dividends attributable to noncontrolling interests	—		—		—		—		—		(30)		(30)
Repurchases of common stock	—		(35)		—		—		(35)		—		(35)
Share based compensation and other	—		6		—		—		6		—		6
Balance at June 30, 2023	$	—	$	3,966	$	(1,038)	$	(754)	$	2,174	$	311	$	2,485

For the nine months ended June 30, 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, 2022	$	—	$	4,026	$	(1,108)	$	(845)	$	2,073	$	302	$	2,375
Net income (loss)	—		—		70		—		70		45		115
Foreign currency translation adjustments	—		—		—		41		41		—		41
Realized and unrealized gains (losses) on derivatives	—		—		—		50		50		—		50
Dividends attributable to noncontrolling interests	—		—		—		—		—		(36)		(36)
Repurchases of common stock	—		(65)		—		—		(65)		—		(65)
Share based compensation and other	—		5		—		—		5		—		5
Balance at June 30, 2023	$	—	$	3,966	$	(1,038)	$	(754)	$	2,174	$	311	$	2,485

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)	2024		2023		2024		2023
Foreign currency translation adjustments
Balance at beginning of period	$	(817)	$	(717)	$	(854)	$	(836)
Aggregate adjustment for the period, net of tax	(44)		(78)		(7)		41
Balance at end of period (1)	$	(861)	$	(795)	$	(861)	$	(795)
Realized and unrealized gains (losses) on derivatives
Balance at beginning of period	$	16	$	31	$	13	$	(8)
Current period changes in fair value, net of tax	(16)		28		13		86
Reclassification to income, net of tax	(7)		(17)		(33)		(36)
Balance at end of period	$	(7)	$	42	$	(7)	$	42
Pension and postretirement plans
Balance at beginning of period	$	(1)	$	(1)	$	(1)	$	(1)
Balance at end of period	$	(1)	$	(1)	$	(1)	$	(1)
Accumulated other comprehensive income (loss), end of period	$	(869)	$	(754)	$	(869)	$	(754)

(1) Foreign currency translation adjustments as of June 30, 2024 and 2023 include gains on designated net investment hedge instruments of $2 million and $73 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 June 30,				Nine Months Ended June 30,
(in millions)	2024		2023		2024		2023
Beginning balance	$	58	$	55	$	57	$	45
Net income (1)	7		7		27		23
Dividends	—		—		(21)		(18)
Foreign currency translation adjustments	(2)		(5)		—		7
Ending balance	$	63	$	57	$	63	$	57

(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.