Adient's lease portfolio consists of operating leases for real estate including production facilities, warehouses and administrative offices, equipment such as forklifts and computer servers and laptops, and fleet vehicles.

The components of lease costs included in the consolidated statement of income for the three and six months ended March 31, 2024 and 2023 were as follows:


	Three Months Ended March 31,				Six Months Ended March 31,
(in millions)	2024		2023		2024		2023




Operating lease cost	$	27	$	28	$	54	$	54
Short-term lease cost	8		6		15		14

Total lease cost	$	35	$	34	$	69	$	68

Operating lease right-of-use assets and lease liabilities included in the consolidated statement of financial position were as follows:


(in millions)		March 31, 2024			September 30, 2023
Operating leases:
Operating lease right-of-use assets	Other noncurrent assets	$	255		$	241

Operating lease liabilities - current	Other current liabilities	$	81		$	77
Operating lease liabilities - noncurrent	Other noncurrent liabilities	172			163
		$	253		$	240





Weighted average remaining lease term:
Operating leases		5 years			5 years


Weighted average discount rate:
Operating leases		6.5		%	6.1		%

Maturities of operating lease liabilities and minimum payments for operating leases having initial or remaining non-cancelable terms in excess of one year as of March 31, 2024 are as follows:


	Operating leases
Fiscal years (in millions)	March 31, 2024
2024 (excluding the six months ended March 31, 2024)	$	51
2025	79
2026	55
2027	38
2028	24
Thereafter	57
Total lease payments	304
Less: imputed interest	(51)
Present value of lease liabilities	$	253


	Six Months Ended March 31,
(in millions)	2024		2023
Right-of-use assets obtained in exchange for lease obligations:
Operating leases (non-cash activity)	$	51	$	19


Operating cash flows:
Cash paid for amounts included in the measurement of lease liabilities	$	55	$	55