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Note 9, Equity and Noncontrolling Interests
 9 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
Note 9.
EQUITY AND NONCONTROLLING INTERESTS

The following table presents changes in consolidated shareholders' equity attributable to Adient and noncontrolling interests:
(in millions)
 
Ordinary Shares
 
Additional Paid-in Capital
 
Retained Earnings
 
Parent's Net Investment
 
Accumulated Other Comprehensive Income (Loss)
 
Shareholders' Equity Attributable
 to Adient
 
Shareholders' Equity Attributable to Noncontrolling Interests
 
Total Equity
Balance at September 30, 2015
 
$
—

 
$
—

 
$
—

 
$
5,873

 
$
(247
)
 
$
5,626

 
$
141

 
$
5,767

Net income
 
—

 
—

 
—

 
(656
)
 
—

 
(656
)
 
42

 
(614
)
Foreign currency translation adjustments
 
—

 
—

 
—

 
—

 
(54
)
 
(54
)
 
1

 
(53
)
Realized and unrealized gains (losses) on derivatives
 
—

 
—

 
—

 
—

 
12

 
12

 
—

 
12

Change in Parent's net investment
 
—

 
—

 
—

 
(80
)
 
—

 
(80
)
 
—

 
(80
)
Change in noncontrolling interest share
 
—

 
—

 
—

 
—

 
—

 
—

 
2

 
2

Dividends attributable to noncontrolling interests
 
—

 
—

 
—

 
—

 
—

 
—

 
(55
)
 
(55
)
Balance at June 30, 2016
 
$
—

 
$
—

 
$
—

 
$
5,137

 
$
(289
)
 
$
4,848

 
$
131

 
$
4,979

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at September 30, 2016
 
$
—

 
$
—

 
$
—

 
$
4,486

 
$
(276
)
 
$
4,210

 
$
131

 
$
4,341

Net income
 
—

 
—

 
480

 
65

 
—

 
545

 
50

 
595

Change in Parent's net investment
 
—

 
—

 
—

 
(880
)
 
—

 
(880
)
 
—

 
(880
)
Transfers from former Parent
 
—

 
326

 
—

 
—

 
—

 
326

 
—

 
326

Reclassification of Parent's net investment and issuance of ordinary shares in connection with separation
 
—

 
3,671

 
—

 
(3,671
)
 
—

 
—

 
—

 
—

Foreign currency translation adjustments
 
—

 
—

 
—

 
—

 
(229
)
 
(229
)
 
2

 
(227
)
Realized and unrealized gains (losses) on derivatives
 
—

 
—

 
—

 
—

 
12

 
12

 
—

 
12

Dividends declared ($0.275 per share)
 
—

 
—

 
(26
)
 
—

 
—

 
(26
)
 
—

 
(26
)
Repurchase and retirement of ordinary shares
 
—

 
(40
)
 
—

 
—

 
—

 
(40
)
 
—

 
(40
)
Dividends attributable to noncontrolling interests
 
—

 
—

 
—

 
—

 
—

 
—

 
(41
)
 
(41
)
Change in noncontrolling interest share
 
—

 
—

 
—

 
—

 
—

 
—

 
5

 
5

Share based compensation
 
—

 
9

 
—

 
—

 
—

 
9

 
—

 
9

Balance at June 30, 2017
 
$
—

 
$
3,966

 
$
454

 
$
—

 
$
(493
)
 
$
3,927

 
$
147

 
$
4,074



The change in Parent's net investment includes all intercompany activity with the former Parent prior to separation, including a $1.5 billion non-cash settlement during the three months ended December 31, 2016.

During March 2017, Adient declared a dividend of $0.275 per ordinary share, which was paid in April 2017. In July 2017, Adient declared a dividend of $0.275 per ordinary share, payable in August 2017.

During the three months ended June 30, 2017, Adient repurchased 573,437 ordinary shares for $40 million. Repurchased shares were retired immediately upon repurchase.

Adient consolidates certain subsidiaries in which the noncontrolling interest party has within their control the right to require Adient to redeem all or a portion of its interest in the subsidiary. These redeemable noncontrolling interests are reported at their estimated redemption value. Any adjustment to the redemption value impacts retained earnings but does not impact net income. Redeemable noncontrolling interests which are redeemable only upon future events, the occurrence of which is not currently probable, are recorded at carrying value. The following table presents changes in the redeemable noncontrolling interests:
 
 
Three Months Ended
June 30,
 
Nine Months Ended
June 30,
(in millions)
 
2017
 
2016
 
2017
 
2016
Beginning balance
 
$
46

 
$
42

 
$
34

 
$
31

Net income
 
6

 
7

 
18

 
19

Foreign currency translation adjustments
 
1

 
—

 
1

 
1

Dividends
 
(31
)
 
—

 
(31
)
 
(2
)
Ending balance
 
$
22

 
$
49

 
$
22

 
$
49



The following table presents changes in AOCI attributable to Adient:
 
 
Three Months Ended
June 30,
 
Nine Months Ended
June 30,
(in millions, net of tax)
 
2017
 
2016
 
2017
 
2016
Foreign currency translation adjustments
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
(619
)
 
$
(198
)
 
$
(260
)
 
$
(229
)
Aggregate adjustment for the period (net of tax effect of $0, $5, $0 and $16)
 
130

 
(85
)
 
(229
)
 
(54
)
Balance at end of period
 
(489
)
 
(283
)
 
(489
)
 
(283
)
Realized and unrealized gains (losses) on derivatives
 
 
 
 
 
 
 
 
Balance at beginning of period
 
(5
)
 
(9
)
 
(14
)
 
(17
)
Current period changes in fair value (net of tax effect of $0, $4, $0 and $9)
 
—

 
10

 
1

 
27

Reclassification to income (net of tax effect of $0, $(4), $2 and $(10))*
 
3

 
(6
)
 
11

 
(15
)
Balance at end of period
 
(2
)
 
(5
)
 
(2
)
 
(5
)
Pension and postretirement plans
 
 
 
 
 
 
 
 
Balance at beginning of period
 
(2
)
 
(1
)
 
(2
)
 
(1
)
Balance at end of period
 
(2
)
 
(1
)
 
(2
)
 
(1
)
Accumulated other comprehensive income (loss), end of period
 
$
(493
)
 
$
(289
)
 
$
(493
)
 
$
(289
)

* Refer to Note 6, "Derivative Instruments and Hedging Activities," of the notes to consolidated financial statements for disclosure of the line items on the consolidated statements of income affected by reclassifications from AOCI into income related to derivatives.