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Equity and Noncontrolling Interests (Tables) | 3 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Schedule of Stockholders Equity | For the three months ended December 31, 2023:
(in millions) |  | Ordinary Shares |  | Additional Paid-in Capital |  | Retained Earnings (Accumulated Deficit) |  |  |  | Accumulated Other Comprehensive Income (Loss) |  | Shareholders' Equity Attributable to Adient |  | Shareholders' Equity Attributable to Noncontrolling Interests |  | Total Equity
Balance at September 30, 2023 |  | $ | — |  |  | $ | 3,973 |  |  | $ | (903) |  |  |  |  | $ | (842) |  |  | $ | 2,228 |  |  | $ | 318 |  |  | $ | 2,546 |
Net income |  | — |  |  |  |  | 20 |  |  |  |  |  |  | 20 |  |  | 12 |  |  | 32 |
Foreign currency translation adjustments |  | — |  |  | — |  |  | — |  |  |  |  | 129 |  |  | 129 |  |  | 5 |  |  | 134 |
Realized and unrealized gains (losses) on derivatives |  | — |  |  | — |  |  | — |  |  |  |  | 9 |  |  | 9 |  |  | — |  |  | 9 |
Dividends attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  | (4) |  |  | (4) |
Repurchases of common stock |  | — |  |  | (100) |  |  | — |  |  |  |  | — |  |  | (100) |  |  | — |  |  | (100) |
Share based compensation and other |  | — |  |  | (1) |  |  | — |  |  |  |  | — |  |  | (1) |  |  | — |  |  | (1) |
Balance at December 31, 2023 |  | $ | — |  |  | $ | 3,872 |  |  | $ | (883) |  |  |  |  | $ | (704) |  |  | $ | 2,285 |  |  | $ | 331 |  |  | $ | 2,616 |
For the three months ended December 31, 2022:
(in millions) |  | Ordinary Shares |  | Additional Paid-in Capital |  | Retained Earnings (Accumulated Deficit) |  | Accumulated Other Comprehensive Income (Loss) |  | Shareholders' Equity Attributable to Adient |  | Shareholders' Equity Attributable to Noncontrolling Interests |  | Total Equity
Balance at September 30, 2022 |  | $ | — |  |  | $ | 4,026 |  |  | $ | (1,108) |  |  | $ | (845) |  |  | $ | 2,073 |  |  | $ | 302 |  |  | $ | 2,375 |
Net income |  | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |  |  | 14 |  |  | 26 |
Foreign currency translation adjustments |  | — |  |  | — |  |  | — |  |  | 90 |  |  | 90 |  |  | 5 |  |  | 95 |
Realized and unrealized gains (losses) on derivatives |  | — |  |  | — |  |  | — |  |  | 25 |  |  | 25 |  |  | — |  |  | 25 |
Dividends attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4) |  |  | (4) |
Share based compensation and other |  | — |  |  | (8) |  |  | — |  |  | — |  |  | (8) |  |  | — |  |  | (8) |
Balance at December 31, 2022 |  | $ | — |  |  | $ | 4,018 |  |  | $ | (1,096) |  |  | $ | (730) |  |  | $ | 2,192 |  |  | $ | 317 |  |  | $ | 2,509 |
Schedule of AOCI | The following table presents changes in AOCI attributable to Adient:
|  | Three Months Ended December 31, |  |
(in millions) |  | 2023 |  | 2022 |  |  |  |
Foreign currency translation adjustments |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (854) |  |  | $ | (836) |  |  |  |  |
Aggregate adjustment for the period, net of tax |  | 129 |  |  | 90 |  |  |  |  |
Balance at end of period (1) |  | $ | (725) |  |  | $ | (746) |  |  |  |  |
Realized and unrealized gains (losses) on derivatives |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 13 |  |  | $ | (8) |  |  |  |  |
Current period changes in fair value, net of tax |  | 21 |  |  | 31 |  |  |  |  |
Reclassification to income, net of tax |  | (12) |  |  | (6) |  |  |  |  |
Balance at end of period |  | $ | 22 |  |  | $ | 17 |  |  |  |  |
Pension and postretirement plans |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (1) |  |  | $ | (1) |  |  |  |  |
Balance at end of period |  | $ | (1) |  |  | $ | (1) |  |  |  |  |
Accumulated other comprehensive income (loss), end of period |  | $ | (704) |  |  | $ | (730) |  |  |  |  |
(1) The ending balance of foreign currency translation adjustments as of December 31, 2023 and 2022 include cumulative net investment hedge gains of $74 million and $75 million, respectively. During the next twelve months, no gains or losses are expected to be reclassified from AOCI into Adient's consolidated statements of income.
Schedule of Changes in Redeemable Noncontrolling Interest | The following table presents changes in the redeemable noncontrolling interests:
|  | Three Months Ended December 31, |  |
(in millions) |  | 2023 |  | 2022 |  |  |  |
Beginning balance |  | $ | 57 |  |  | $ | 45 |  |  |  |  |
Net income (1) |  | 13 |  |  | 7 |  |  |  |  |
Dividends |  | (21) |  |  | (18) |  |  |  |  |
Foreign currency translation adjustments |  | 8 |  |  | 11 |  |  |  |  |
Ending balance |  | $ | 57 |  |  | $ | 45 |  |  |  |  |
(1) During the first quarter of fiscal 2024, a $5 million adjustment was recorded to increase income attributable to noncontrolling interest related to the three months ended September 30, 2023.

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