Equity and Noncontrolling Interests

12 Months Ended

Sep. 30, 2020

13. Equity and Noncontrolling Interests

The following table presents changes in AOCI attributable to Adient:


	Year Ended September 30,
(in millions)	2020		2019		2018
Foreign currency translation adjustments
Balance at beginning of period	$	(558)	$	(523)	$	(398)
Aggregate adjustment for the period, net of tax	(76)		(35)		(125)
Balance at end of period	(634)		(558)		(523)
Realized and unrealized gains (losses) on derivatives
Balance at beginning of period	(8)		(7)		3
Current period changes in fair value, net of tax	(34)		(5)		(13)
Reclassification to income, net of tax	14		4		3
Balance at end of period	(28)		(8)		(7)
Pension plans
Balance at beginning of period	(3)		(1)		(2)
Net reclassifications to AOCI	—		(2)		1
Balance at end of period	(3)		(3)		(1)
Accumulated other comprehensive income (loss), end of period	$	(665)	$	(569)	$	(531)

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:


	Year Ended September 30,
(in millions)	2020		2019		2018
Beginning balance	$	51	$	47	$	28
Net income	19		30		24
Foreign currency translation adjustments	(4)		3		1
Dividends	(23)		(29)		(7)
Change in noncontrolling interest share	—		—		1
Ending balance	$	43	$	51	$	47

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, which was paid in August 2017. In September 2017, Adient declared a dividend of $0.275 per ordinary share, which was paid in November 2017. In November 2017, Adient declared a dividend of $0.275 per ordinary share, which was paid in February 2018. In March 2018, Adient declared a dividend of $0.275 per ordinary share, which was paid in May 2018. In June 2018, Adient declared a dividend of $0.275 per ordinary share, which was paid in August 2018. In October 2018, Adient declared a dividend of $0.275 per ordinary share, which was paid in November 2018. Adient suspended its cash dividends following the dividend paid in the first quarter of fiscal 2019.