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Segment Information (Tables)

3 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Financial Information for Reportable Segments

						Three Months Ended December 31,
(in millions)						2023						2022
Net Sales
Americas						$	1,647					$	1,724
EMEA						1,268						1,182
Asia						770						821
Eliminations						(25)						(28)
Total net sales						$	3,660					$	3,699

						Three Months Ended December 31,
(in millions)						2023						2022
Adjusted EBITDA
Americas						$	80					$	69
EMEA						45						28
Asia						114						138
Corporate-related costs (1)						(23)						(23)
Restructuring and impairment costs (2)						(11)						(7)
Purchase accounting amortization (3)						(11)						(12)
Restructuring related charges (4)						9						(3)
Depreciation						(72)						(69)
Stock based compensation (5)						(13)						(8)
Other items (6)						(7)						1
Earnings before interest and income taxes						111						114
Net financing charges						(44)						(41)
Other pension income (expense) (7)						(2)						(9)
Income before income taxes						$	65					$	64

Notes:

(1) Corporate-related costs not allocated to the segments include executive office, communications, corporate development, legal and corporate finance.

(2) Reflects qualified restructuring charges for costs that are directly attributable to restructuring activities and meet the definition of restructuring under ASC 420 and non-recurring impairment charges.

(3) Reflects amortization of intangible assets including those related to partially owned affiliates recorded within equity income.

(4) Reflects restructuring related charges for costs that are directly attributable to restructuring activities, but do not meet the definition of restructuring under ASC 420. The three months ended December 31, 2023 includes a $10 million gain on sale of a restructured facility.

(5) During the three months ended December 31, 2023, a $5 million adjustment was recorded to increase equity-based compensation expense related to a retired executive's equity awards that should have been recognized in prior periods.

(6) The three months ended December 31, 2023 includes an $8 million loss on sale of 51% of Adient's interest in LFADNT (as described in Note 3, "Acquisitions and Divestitures," of the notes to consolidated financial statements), and a $2 million one-time divestiture related tax impact at an affiliate, partially offset by a $3 million non-recurring gain on contract related settlement. The three months ended December 31, 2022 includes a $1 million non-recurring adjustment to certain of Adient's investments in nonconsolidated partially-owned affiliates in Asia, and $1 million of indirect tax recoveries in Brazil, partially offset by $1 million of transaction costs.

(7) The three months ended December 31, 2022 includes an $8 million curtailment loss associated with employee termination benefit plans in the Americas segment.

Schedule of Disaggregation of Revenue by Geographical Market

Revenue by geographic area is as follows:

Net Sales
						Three Months Ended December 31,
(in millions)						2023						2022
Americas
United States						$	1,422					$	1,553
Mexico						632						607
Other Americas						86						95
Regional elimination						(493)						(531)
						1,647						1,724
EMEA
Spain						180						154
Germany						224						248
Poland						249						209
Czech Republic						195						228
Other EMEA						769						667
Regional elimination						(349)						(324)
						1,268						1,182
Asia
China						374						398
Korea						122						138
Thailand						122						141
Japan						93						87
Other Asia						71						65
Regional elimination						(12)						(8)
						770						821
Inter-segment elimination						(25)						(28)
Total						$	3,660					$	3,699

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