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Leases | 3 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Leases |
7. Leases
Adient's lease portfolio consists of operating leases for real estate including production facilities, warehouses and administrative offices, equipment such as forklifts and computer servers and laptops, and fleet vehicles. The components of lease costs included in the consolidated statement of income (loss) for the three months ended December 31, 2021 and 2020 were as follows:
|  | Three Months Ended December 31, |  |
(in millions) |  | 2021 |  | 2020 |  |  |  |
Operating lease cost |  | $ | 30 |  |  | $ | 30 |  |  |  |  |
Short-term lease cost |  | 5 |  |  | 6 |  |  |  |  |
Total lease cost |  | $ | 35 |  |  | $ | 36 |  |  |  |  |
Operating lease right-of-use assets and lease liabilities included in the consolidated statement of financial position were as follows:
(in millions) |  |  |  | December 31, 2021 |  | September 30, 2021
Operating leases: |  |  |  |  |  |
Operating lease right-of-use assets |  | Other noncurrent assets |  | $ | 320 |  | $ | 335
Operating lease liabilities - current |  | Other current liabilities |  | $ | 89 |  | $ | 89
Operating lease liabilities - noncurrent |  | Other noncurrent liabilities |  | 231 |  | 246
|  |  |  | $ | 320 |  | $ | 335
Weighted average remaining lease term: |  |  |  |  |  |
Operating leases |  |  |  | 6 years |  | 6 years
Weighted average discount rate: |  |  |  |  |  |
Operating leases |  |  |  | 5.1 | % |  | 5.2 | %
Maturities of operating lease liabilities and minimum payments for operating leases having initial or remaining non-cancelable terms in excess of one year as of December 31, 2021 were as follows:
|  | Operating leases
Fiscal years (in millions) |  | December 31, 2021 |  |
2021 (excluding the three months ended December 31, 2021) |  | $ | 83 |  |  |
2022 |  | 88 |  |  |
2023 |  | 65 |  |  |
2024 |  | 45 |  |  |
2025 |  | 29 |  |  |
Thereafter |  | 78 |  |  |
Total lease payments |  | 388 |  |  |
Less: imputed interest |  | (68) |  |  |
Present value of lease liabilities |  | $ | 320 |  |  |
Supplemental cash flow information related to leases was as follows:
|  | Three Months Ended December 31,
(in millions) |  | 2021 |  | 2020
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |
Operating leases (non-cash activity) |  | $ | 10 |  |  | $ | 24 |
Operating cash flows: |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 29 |  |  | $ | 29 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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