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Equity and Noncontrolling Interests | 12 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Equity and Noncontrolling Interests | 13. Equity and Noncontrolling Interests The following table presents changes in AOCI attributable to Adient:
|  | Year Ended September 30,
(in millions) |  | 2024 |  | 2023 |  | 2022
Foreign currency translation adjustments |  |  |  |  |  |
Balance at beginning of period |  | $ | (854) |  |  | $ | (836) |  |  | $ | (617) |
Aggregate adjustment for the period, net of tax |  | 181 |  |  | (18) |  |  | (219) |
Balance at end of period (1) |  | (673) |  |  | (854) |  |  | (836) |
Realized and unrealized gains (losses) on derivatives |  |  |  |  |  |
Balance at beginning of period |  | 13 |  |  | (8) |  |  | (8) |
Current period changes in fair value, net of tax |  | (1) |  |  | 79 |  |  | 6 |
Reclassification to income, net of tax |  | (31) |  |  | (58) |  |  | (6) |
Balance at end of period |  | (19) |  |  | 13 |  |  | (8) |
Pension plans |  |  |  |  |  |
Balance at beginning of period |  | (1) |  |  | (1) |  |  | (2) |
Net reclassifications to AOCI |  | — |  |  | — |  |  | 1 |
Balance at end of period |  | (1) |  |  | (1) |  |  | (1) |
Accumulated other comprehensive income (loss), end of period |  | $ | (693) |  |  | $ | (842) |  |  | $ | (845) |
(1) Foreign currency translation adjustments as of September 30, 2024 and 2023 include gains (losses) on designated net investment hedge instruments of $(4) million and $76 million, respectively. During the next twelve months, no significant gains or losses are expected to be reclassified from AOCI into Adient's consolidated statements of income. 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) |  | 2024 |  | 2023 |  | 2022
Beginning balance |  | $ | 57 |  |  | $ | 45 |  |  | $ | 240 |
Net income (1) |  | 38 |  |  | 27 |  |  | 35 |
Dividends |  | (21) |  |  | (18) |  |  | (66) |
Change in noncontrolling interest share |  | — |  |  | — |  |  | (153) |
Foreign currency translation adjustments |  | 17 |  |  | 3 |  |  | (11) |
Ending balance |  | $ | 91 |  |  | $ | 57 |  |  | $ | 45 |
(1) During fiscal 2024, a $5 million adjustment was recorded to increase income attributable to noncontrolling interest related to fiscal 2023. The change in noncontrolling interests in fiscal 2022 relates to Adient’s acquisition of the remaining 25% interest in Chongqing Adient Automotive Components Co., Ltd. Repurchases of Equity Securities In November 2022, Adient’s Board of Directors authorized the repurchase of Adient’s ordinary shares up to an aggregate purchase price of $600 million with no expiration date. Under the share repurchase authorization, Adient’s ordinary shares may be purchased either through discretionary purchases on the open market, by block trades or privately negotiated transactions. The number of ordinary shares repurchased, if any, and the timing of repurchases will depend on a number of factors, including share price, trading volume and general market conditions, as well as on working capital requirements, general business conditions and other factors. During fiscal 2023, Adient repurchased and immediately retired 1,756,777 of its ordinary shares at an average purchase price per share of $37.00. The aggregate amount of cash paid to repurchase the shares was $65 million. During fiscal 2024, Adient repurchased and immediately retired 9,424,668 of its ordinary shares at an average purchase price per share of $29.18. The aggregate amount of cash paid to repurchase the shares was $275 million. As of September 30, 2024, the remaining aggregate amount of authorized repurchases was $260 million.

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