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Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended
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Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Values of Derivative Instruments and Other Amounts | The following table presents the location and fair values of derivative instruments and other amounts used in hedging activities included in Adient's consolidated statements of financial position:
|  | Derivatives and Hedging Activities Designated as Hedging Instruments under ASC 815 |  | Derivatives and Hedging Activities Not Designated as Hedging Instruments under ASC 815
(in millions) |  | December 31, 2023 |  | September 30, 2023 |  | December 31, 2023 |  | September 30, 2023
Other current assets |  |  |  |  |  |  |  |
Foreign currency exchange derivatives |  | $ | 38 |  |  | $ | 30 |  |  | $ | 5 |  |  | $ | 4 |
Other noncurrent assets |  |  |  |  |  |  |  |
Foreign currency exchange derivatives |  | 1 |  |  | — |  |  | — |  |  | — |
Total assets |  | $ | 39 |  |  | $ | 30 |  |  | $ | 5 |  |  | $ | 4 |
Other current liabilities |  |  |  |  |  |  |  |
Foreign currency exchange derivatives |  | $ | 4 |  |  | $ | 8 |  |  | $ | — |  |  | $ | — |
Other noncurrent liabilities |  |  |  |  |  |  |  |
Foreign currency exchange derivatives |  | 1 |  |  | 6 |  |  | — |  |  | — |
Long-term debt |  |  |  |  |  |  |  |
Foreign currency denominated debt |  | — |  |  | 130 |  |  | — |  |  | — |
Total liabilities |  | $ | 5 |  |  | $ | 144 |  |  | $ | — |  |  | $ | — |
Schedule of Gross and Net Amounts of Derivative Instruments and Other Amounts | The gross and net amounts of derivative instruments and other amounts used in hedging activities are as follows:
|  | Assets |  | Liabilities
(in millions) |  | December 31, 2023 |  | September 30, 2023 |  | December 31, 2023 |  | September 30, 2023
Gross amount recognized |  | $ | 44 |  |  | $ | 34 |  |  | $ | 5 |  |  | $ | 144 |
Gross amount eligible for offsetting |  | (5) |  |  | (12) |  |  | (5) |  |  | (12) |
Net amount |  | $ | 39 |  |  | $ | 22 |  |  | $ | — |  |  | $ | 132 |
Schedule of Effective Portion of Pretax Gains (Losses) | The following table presents the effective portion of pretax gains (losses) recorded in other comprehensive income related to cash flow hedges:
|  | Three Months Ended December 31, |  |
(in millions) |  | 2023 |  | 2022 |  |  |  |
Foreign currency exchange derivatives |  | $ | 26 |  |  | $ | 32 |  |  |  |  |
The following table presents the location and amount of the effective portion of pretax gains (losses) on cash flow hedges reclassified from AOCI into Adient's consolidated statements of income:
(in millions) |  |  |  | Three Months Ended December 31, |  |
|  | 2023 |  | 2022 |  |  |  |
Foreign currency exchange derivatives |  | Cost of sales |  | $ | 15 |  |  | $ | 7 |  |  |  |  |
The following table presents the location and amount of pretax gains (losses) on fair value hedge activity in Adient's consolidated statements of income:
(in millions) |  |  |  | Three Months Ended December 31, |  |
|  | 2023 |  | 2022 |  |  |  |
Foreign currency exchange derivatives |  | Net financing charges |  | $ | 6 |  |  | $ | — |  |  |  |  |
The following table presents the location and amount of pretax gains (losses) on derivatives not designated as hedging instruments recognized in Adient's consolidated statements of income:
(in millions) |  |  |  | Three Months Ended December 31, |  |
|  | 2023 |  | 2022 |  |  |  |
Foreign currency exchange derivatives |  | Cost of sales |  | $ | 1 |  |  | $ | 3 |  |  |  |  |
Foreign currency exchange derivatives |  | Net financing charges |  | 9 |  |  | 9 |  |  |  |  |
Total |  |  |  | $ | 10 |  |  | $ | 12 |  |  |  |  |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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