v3.24.1.u1
Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Mar. 31, 2024
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)March 31, 2024September 30, 2023March 31, 2024September 30, 2023
Other current assets
Foreign currency exchange derivatives$32 $30 $— $4 
Other noncurrent assets
Foreign currency exchange derivatives1 — — — 
Total assets$33 $30 $— $4 
Other current liabilities
Foreign currency exchange derivatives$5 $8 $1 $— 
Other noncurrent liabilities
Foreign currency exchange derivatives1 6 — — 
Long-term debt
Foreign currency denominated debt— 130 — — 
Total liabilities$6 $144 $1 $— 
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:

AssetsLiabilities
(in millions)March 31, 2024September 30, 2023March 31, 2024September 30, 2023
Gross amount recognized$33 $34 $7 $144 
Gross amount eligible for offsetting(5)(12)(5)(12)
Net amount$28 $22 $2 $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
March 31,		Six Months Ended
March 31,
(in millions)2024202320242023
Foreign currency exchange derivatives$12 $33 $38 $65 
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
March 31,		Six Months Ended
March 31,
2024202320242023
Foreign currency exchange derivativesCost of sales$18 $15 $33 $22 
The following table presents the location and amount of pretax gains (losses) on fair value hedge activity in Adient's consolidated statements of income:
(in millions)Three Months Ended
March 31,		Six Months Ended
March 31,
2024202320242023
Foreign currency exchange derivativesNet financing charges$(3)$— $3 $— 
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
March 31,		Six Months Ended
March 31,
2024202320242023
Foreign currency exchange derivativesCost of sales$(2)$8 $(1)$11 
Foreign currency exchange derivativesNet financing charges(8)(7)1 2 
Total$(10)$1 $— $13