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Retirement Plans (Tables)
12 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Schedule of Projected Benefit Payments Projected benefit payments from the plans as of September 30, 2024 are estimated as follows (in millions):
2025
$23 
202625 
202726 
202825 
202924 
2030-2033146 
Schedule of Plan Assets by Asset Category Adient's plan assets by asset category, are as follows:
 Fair Value Measurements Using:
(in millions)Total as of
September 30,
2024
Quoted Prices
in Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Net Asset Value (NAV)
Pension
Cash$$$— $— $— 
Equity Securities
Domestic— — — 
International - Developed19 19 — — — 
Fixed Income Securities
Government150 33 90 — 27 
Corporate/Other70 29 29 — 12 
Hedge Fund38 — 38 — — 
Real Estate— — — 
Total$293 $88 $157 $— $48 
 Fair Value Measurements Using:
(in millions)Total as of
September 30,
2023
Quoted Prices
in Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Net Asset Value (NAV)
Pension
Cash$$$— $— $— 
Equity Securities
Domestic— — — 
International - Developed17 17 — — — 
International - Emerging— — — — — 
Fixed Income Securities
Government128 30 75 — 23 
Corporate/Other59 24 25 — 10 
Hedge Fund34 — 34 — — 
Real Estate18 — — 14 
Total$263 $78 $134 $$47 
Schedule of Changes in Fair Value of Pension Assets
The following sets forth a summary of changes in the fair value of pension assets measured using significant unobservable inputs (Level 3):

(in millions)Real Estate
Pension
Asset value as of September 30, 2022$
Redemptions(2)
Unrealized gain(1)
Asset value as of September 30, 2023$
Redemptions(4)
Asset value as of September 30, 2024$— 
Schedule of Changes in Projected Benefit Obligations, Changes in Plan Assets and Funded Status
The table that follows contains the ABO and reconciliations of the changes in the PBO, the changes in plan assets and the funded status:

 Pension Benefits
(in millions)20242023
Accumulated Benefit Obligation$366 $331 
Change in Projected Benefit Obligation:
Projected benefit obligation at beginning of year$349 $340 
Service cost
Interest cost19 18 
Actuarial loss (gain)28 (15)
Benefits paid(28)(20)
Curtailments, settlements and other(6)(6)
Currency translation adjustment17 27 
Projected benefit obligation at end of year$384 $349 
Change in Plan Assets:
Fair value of plan assets at beginning of year$263 $283 
Actual return on plan assets26 (23)
Employer contributions, net20 17 
Benefits paid(28)(20)
Curtailments, settlements and other(6)(14)
Currency translation adjustment18 20 
Fair value of plan assets at end of year$293 $263 
Funded status$(91)$(86)
Amounts recognized in the statement of financial position consist of:
Pension plan assets (other noncurrent assets)$19 $22 
Pension benefits (of which $5 million and $16 million are included in accrued compensation and benefits, respectively)
(110)(108)
Net amount recognized$(91)$(86)
Schedule of Weighted Average Assumptions
 Pension Benefits
 U.S. PlansNon-U.S. Plans
2024202320242023
Weighted Average Assumptions (1):
Discount rate (2)
4.99 %5.87 %4.75 %5.60 %
Rate of compensation increaseN/AN/A4.82 %4.53 %

(1)
Plan assets and obligations are determined based on a September 30 measurement date.
(2)
Adient considers the expected benefit payments on a plan-by-plan basis when setting assumed discount rates. As a result, Adient uses different discount rates for each plan depending on the plan jurisdiction, the demographics of participants and the expected timing of benefit payments. For the U.S. pension plan, Adient uses a discount rate provided by an independent third-party calculated based on an appropriate mix of high quality bonds. For the non-U.S. pension plans, Adient consistently uses the relevant country specific benchmark indices for determining the various discount rates.
Schedule of Components and Key Assumptions of Net Periodic Benefit Cost
The tables that follow contain the components and key assumptions of net periodic benefit cost related to Adient’s pension plans:

 Pension Benefits
(in millions)202420232022
Components of Net Periodic Benefit Cost (Credit):
Service cost$$$
Interest cost19 18 10 
Expected return on plan assets(12)(12)(14)
Net actuarial loss (gain)13 19 (7)
Settlement loss
Net periodic benefit cost (credit)
$27 $38 $(3)

 Pension Benefits
 U.S. PlansNon-U.S. Plans
202420232022202420232022
Expense Assumptions:
Discount rate5.87 %5.51 %3.06 %5.60 %4.98 %2.14 %
Expected return on plan assets6.75 %6.75 %6.75 %4.95 %4.53 %3.20 %
Rate of compensation increaseN/AN/ANA4.53 %4.43 %4.05 %