

18. Nonconsolidated Partially-Owned Affiliates

Investments in the net assets of nonconsolidated partially-owned affiliates are stated in the "Investments in partially-owned affiliates" line in the consolidated statements of financial position as of September 30, 2017 and 2016. Equity in the net income of nonconsolidated partially-owned affiliates is stated in the "Equity income" line in the consolidated statements of income for the years ended September 30, 2017, 2016 and 2015.

Adient maintains total investments in partially-owned affiliates of $1.8 billion and $1.7 billion at September 30, 2017 and 2016, respectively. Financial information for significant nonconsolidated partially-owned affiliates is as follows:



	% ownership
Name of partially-owned affiliate	2017	2016
Seating
Changchun FAWAY Adient Automotive Systems Co. Ltd. ⁽¹⁾	49.0%	50.0%
Adient Yanfeng Seating Mechanism Co., Ltd. ⁽²⁾	50.0%	50.0%
Yanfeng Adient Seating Co., Ltd. (YFAS) ⁽³⁾	49.9%	49.9%
Interiors
Yanfeng Global Automotive Interiors Systems Co., Ltd. (YFAI)	30.0%	29.7%



(1)		Changchun FAWAY - Johnson Controls Automotive Systems Co., Ltd. joint venture was renamed to Changchun FAWAY Adient Automotive Systems Co. Ltd.
(2)		Shanghai Johnson Controls Yanfeng Seating Mechanism Co., Ltd. joint venture was renamed to Adient Yanfeng Seating Mechanism Co., Ltd.
(3)		Shanghai Yanfeng Johnson Controls Seating Co., Ltd. (YFJC) joint venture was renamed to Yanfeng Adient Seating Co., Ltd. (YFAS).

Summarized balance sheet data:



	September 30, 2017
(in millions)	YFAS		All Other		Total
Current assets	$	3,059	$	4,661	$	7,720
Noncurrent assets	678		2,479		3,157
Total assets	$	3,737	$	7,140	$	10,877

Current liabilities	$	2,793	$	4,569	$	7,362
Noncurrent liabilities	49		331		380
Noncontrolling interests	108		31		139
Shareholders' equity	787		2,209		2,996
Total liabilities and shareholders' equity	$	3,737	$	7,140	$	10,877



	September 30, 2016
(in millions)	YFAS⁽¹⁾		All Other		Total⁽¹⁾
Current assets	$	2,306	$	3,829	$	6,135
Noncurrent assets	539		2,120		2,659
Total assets	$	2,845	$	5,949	$	8,794

Current liabilities	$	2,004	$	3,851	$	5,855
Noncurrent liabilities	44		151		195
Noncontrolling interests	113		27		140
Shareholders' equity	684		1,920		2,604
Total liabilities and shareholders' equity	$	2,845	$	5,949	$	8,794



(1)		Amounts presented have been revised from what was previously reported, as discussed in Note 1, "Basis of Presentation and Summary of Significant Accounting Policies". The engineering recovery revisions decreased noncurrent assets, total assets, shareholders' equity and total liabilities and shareholders' equity at YFAS by $70 million as of September 30, 2016.

Summarized income statement data with reconciliation to Adient's equity in net income from nonconsolidated partially-owned affiliates:



	2017
(in millions)	YFAS			All Other			Total
Net sales	$	4,617		$	12,645		$	17,262
Gross profit	603			1,391			1,994
Operating income	432			728			1,160
Net income	351			688			1,039
Income attributable to noncontrolling interests	47			18			65
Net income attributable to the entity	304			670			974

Equity in net income, before basis adjustments	152			395			547
Basis adjustments	(2		)	(23		)	(25		)
Equity in net income	150			372			522



	2016
(in millions)	YFAS⁽¹⁾			All Other			Total⁽¹⁾
Net sales	$	4,198		$	11,928		$	16,126
Gross profit	583			1,213			1,796
Operating income	426			663			1,089
Net income	348			625			973
Income attributable to noncontrolling interests	48			7			55
Net income attributable to the entity	300			618			918

Equity in net income, before basis adjustments	150			218			368
Basis adjustments	(3		)	(21		)	(24		)
Equity in net income	147			197			344



	2015
(in millions)	YFAS⁽¹⁾			All Other			Total⁽¹⁾
Net sales	$	3,855		$	5,594		$	9,449
Gross profit	538			662			1,200
Operating income	405			397			802
Net income	332			376			708
Income attributable to noncontrolling interests	46			6			52
Net income attributable to the entity	286			370			656

Equity in net income, before basis adjustments	142			149			291
Basis adjustments	(3		)	(8		)	(11		)
Equity in net income	139			141			280



(1)		Amounts presented have been revised from what was previously reported, as discussed in Note 1, "Basis of Presentation and Summary of Significant Accounting Policies". The engineering recovery revisions decreased operating income, net income and net income attributable to YFAS by $26 million and $28 million for the years ended September 30, 2016 and 2015, respectively.