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Nonconsolidated Partially-Owned Affiliates | 3 Months Ended
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Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract] |
Nonconsolidated Partially-Owned Affiliates |
16. Nonconsolidated Partially-Owned Affiliates
Investments in the net assets of nonconsolidated partially-owned affiliates are reported in the "Investments in partially-owned affiliates" line in the consolidated statements of financial position as of December 31, 2023 and September 30, 2023. Equity in the net income of nonconsolidated partially-owned affiliates are reported in the "Equity income" line in the consolidated statements of income for the three months ended December 31, 2023 and 2022, respectively. Adient maintains total investments in partially-owned affiliates of $322 million and $303 million at December 31, 2023 and September 30, 2023, respectively. Operating information for nonconsolidated partially-owned affiliates is as follows:
|  | Three Months Ended December 31,
(in millions) |  | 2023 |  | 2022
Income statement data: |  |  |  |
Net sales |  | $ | 1,037 |  |  | $ | 976 |
Gross profit |  | $ | 93 |  |  | $ | 101 |
Net income |  | $ | 49 |  |  | $ | 60 |
Net income attributable to the entity |  | $ | 48 |  |  | $ | 59 |
Refer to Note 3, "Acquisitions and Divestitures," of the notes to consolidated financial statements for transactions involving Adient's investments in nonconsolidated partially-owned affiliates.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 323 -SubTopic 740 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481543/323-740-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org//323/tableOfContent + Details
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