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Equity and Noncontrolling Interests | 6 Months Ended
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Mar. 31, 2019
Equity [Abstract] |
Equity and Noncontrolling Interests |
10. Equity and Noncontrolling Interests
|  | Three Months Ended March 31, |  | Six Months Ended March 31,
(in millions) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Ordinary shares, beginning of the period |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Ordinary shares, end of the period |  | — |  |  | — |  |  | — |  |  | — |
Additional paid-in capital, beginning of the period |  | 3,954 |  |  | 3,952 |  |  | 3,951 |  |  | 3,942 |
Share-based compensation |  | 2 |  |  | 4 |  |  | 8 |  |  | 10 |
Other |  | — |  |  | (1 | ) |  | (3 | ) |  | 3 |
Additional paid-in capital, end of the period |  | 3,956 |  |  | 3,955 |  |  | 3,956 |  |  | 3,955 |
Retained earnings (Accumulated deficit), beginning of the period |  | (1,070 | ) |  | 492 |  |  | (1,028 | ) |  | 734 |
Net income (loss) attributable to Adient |  | $ | (149 | ) |  | $ | (168 | ) |  | $ | (166 | ) |  | $ | (384 | )
Dividends declared ($0.275 per share/quarter) |  | — |  |  | (25 | ) |  | (26 | ) |  | (51 | )
Share-based compensation |  | (1 | ) |  | — |  |  | — |  |  | — |
Retained earnings (Accumulated deficit), end of the period |  | (1,220 | ) |  | 299 |  |  | (1,220 | ) |  | 299 |
Accumulated other comprehensive income, beginning of the period |  | (518 | ) |  | (336 | ) |  | (531 | ) |  | (397 | )
Foreign currency translation adjustments |  | 35 |  |  | 132 |  |  | 51 |  |  | 203 |
Realized and unrealized gains (losses) on derivatives |  | 4 |  |  | 10 |  |  | 1 |  |  | — |
Employee retirement plans |  | — |  |  | 9 |  |  | — |  |  | 9 |
Accumulated other comprehensive income, end of the period |  | (479 | ) |  | (185 | ) |  | (479 | ) |  | (185 | )
Shareholders' equity attributable to Adient |  | 2,257 |  |  | 4,069 |  |  | 2,257 |  |  | 4,069 |
Noncontrolling interest, beginning of the period |  | 358 |  |  | 321 |  |  | 325 |  |  | 313 |
Net income (loss) |  | 14 |  |  | 16 |  |  | 33 |  |  | 29 |
Foreign currency translation adjustments |  | 4 |  |  | 9 |  |  | 5 |  |  | 13 |
Dividends attributable to noncontrolling interests |  | (3 | ) |  | (21 | ) |  | (18 | ) |  | (30 | )
Change in noncontrolling interest share |  | — |  |  | 1 |  |  | — |  |  | 1 |
Formation of consolidated joint venture |  | — |  |  | — |  |  | 28 |  |  | — |
Noncontrolling interest, end of the period |  | 373 |  |  | 326 |  |  | 373 |  |  | 326 |
Total equity |  | $ | 2,630 |  |  | $ | 4,395 |  |  | $ | 2,630 |  |  | $ | 4,395 |
The following table presents changes in AOCI attributable to Adient:
|  | Three Months Ended March 31, |  | Six Months Ended March 31,
(in millions) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Foreign currency translation adjustments |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (507 | ) |  | $ | (327 | ) |  | $ | (523 | ) |  | $ | (398 | )
Aggregate adjustment for the period, net of tax |  | 35 |  |  | 132 |  |  | 51 |  |  | 203 |
Balance at end of period |  | (472 | ) |  | (195 | ) |  | (472 | ) |  | (195 | )
Realized and unrealized gains (losses) on derivatives |  |  |  |  |  |  |  |
Balance at beginning of period |  | (10 | ) |  | (7 | ) |  | (7 | ) |  | 3 |
Current period changes in fair value, net of tax |  | 4 |  |  | 11 |  |  | 1 |  |  | 1 |
Reclassification to income, net of tax |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Balance at end of period |  | (6 | ) |  | 3 |  |  | (6 | ) |  | 3 |
Pension and postretirement plans |  |  |  |  |  |  |  |
Balance at beginning of period |  | (1 | ) |  | (2 | ) |  | (1 | ) |  | (2 | )
Net reclassifications to AOCI |  | — |  |  | 9 |  |  | — |  |  | 9 |
Balance at end of period |  | (1 | ) |  | 7 |  |  | (1 | ) |  | 7 |
Accumulated other comprehensive income (loss), end of period |  | $ | (479 | ) |  | $ | (185 | ) |  | $ | (479 | ) |  | $ | (185 | )
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 March 31, |  | Six Months Ended March 31,
(in millions) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Beginning balance |  | $ | 27 |  |  | $ | 29 |  |  | $ | 47 |  |  | $ | 28 |
Net income |  | 9 |  |  | 9 |  |  | 18 |  |  | 16 |
Foreign currency translation adjustments |  | 1 |  |  | 1 |  |  | — |  |  | 2 |
Dividends |  | — |  |  | — |  |  | (28 | ) |  | (8 | )
Change in noncontrolling interest share |  | — |  |  | — |  |  | — |  |  | 1 |
Ending balance |  | $ | 37 |  |  | $ | 39 |  |  | $ | 37 |  |  | $ | 39 |

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- References No definition available. + Details
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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