Note 13, NonConsolidated Partially-Owned Affiliates

9 Months Ended

Jun. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]



Note 13.	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 June 30, 2017 and September 30, 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 three and nine months ended June 30, 2017 and 2016.

Adient maintains total investments in partially-owned affiliates of $2.0 billion and $1.7 billion at June 30, 2017 and September 30, 2016, respectively. Financial information for significant nonconsolidated partially-owned affiliates is as follows:

Summarized balance sheet data:



	June 30, 2017
(in millions)	YFAS⁽¹⁾		All Other		Total
Current assets	$	2,973	$	4,466	$	7,439
Noncurrent assets	655		2,370		3,025
Total assets	$	3,628	$	6,836	$	10,464

Current liabilities	$	2,704	$	4,309	$	7,013
Noncurrent liabilities	48		316		364
Noncontrolling interests	99		31		130
Shareholders' equity	777		2,180		2,957
Total liabilities and shareholders' equity	$	3,628	$	6,836	$	10,464



	September 30, 2016
(in millions)	YFAS⁽¹⁾		All Other		Total
Current assets	$	2,306	$	3,829	$	6,135
Noncurrent assets	609		2,120		2,729
Total assets	$	2,915	$	5,949	$	8,864

Current liabilities	$	2,004	$	3,851	$	5,855
Noncurrent liabilities	44		151		195
Noncontrolling interests	113		27		140
Shareholders' equity	754		1,920		2,674
Total liabilities and shareholders' equity	$	2,915	$	5,949	$	8,864



(1)		Shanghai Yanfeng Johnson Controls Seating Co., Ltd. (YFJC) joint venture was renamed to Yanfeng Adient Seating Co., Ltd. (YFAS).

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



	Nine Months Ended June 30, 2017
(in millions)	YFAS⁽¹⁾			All Other			Total
Net sales	$	3,389		$	9,501		$	12,890
Gross profit	437			1,151			1,588
Operating income	335			569			904
Net income	271			525			796
Income attributable to noncontrolling interests	35			13			48
Net income attributable to the entity	236			512			748

Equity in net income, before basis adjustments	118			186			304
Basis adjustments	(2		)	(16		)	(18		)
Equity in net income	116			170			286



	Nine Months Ended June 30, 2016
(in millions)	YFAS⁽¹⁾			All Other			Total
Net sales	$	3,156		$	9,002		$	12,158
Gross profit	438			918			1,356
Operating income	334			501			835
Net income	274			470			744
Income attributable to noncontrolling interests	35			17			52
Net income attributable to the entity	239			453			692

Equity in net income, before basis adjustments	121			157			278
Basis adjustments	(3		)	(15		)	(18		)
Equity in net income	118			142			260



(1)		Shanghai Yanfeng Johnson Controls Seating Co., Ltd. (YFJC) joint venture was renamed to Yanfeng Adient Seating Co., Ltd. (YFAS).