Note 7. Leases (Notes)

12 Months Ended

Sep. 30, 2017

Leases of Lessor Disclosure [Text Block]



7. Leases

Certain administrative and production facilities and equipment are leased under long-term agreements. Most leases contain renewal options for varying periods, and certain leases include options to purchase the leased property during or at the end of the lease term. Leases generally require Adient to pay for insurance, taxes and maintenance of the property.

Certain facilities and equipment are leased under arrangements that are accounted for as operating leases. Total rental expense for the fiscal years ended September 30, 2017, 2016 and 2015 was $126 million, $120 million and $171 million, respectively.

Future minimum capital and operating lease payments and the related present value of capital lease payments at September 30, 2017 are as follows:



(in millions)	Capital Leases			Operating Leases
2018	$	3		$	114
2019	2			81
2020	—			62
2021	—			50
2022	—			36
After 2022	—			52
Total minimum lease payments	5			$	395
Interest	(1		)
Present value of net minimum lease payments	$	4

- Definition

The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases.

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