$ADNT

Adient plc

CIK:0001670541|SEC Filings

Consolidated Statements of Income (Loss) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 3,929	$ 3,741	$ 11,438	$ 10,847
Cost of sales	3,694	3,504	10,729	10,133
Gross profit	235	237	709	714
Selling, general and administrative expenses	136	129	404	398
Restructuring and impairment costs	5	7	34	381
Equity income	20	17	60	60
Earnings (loss) before interest and income taxes	114	118	331	(5)
Net financing charges	48	51	144	144
Other pension expense	1	1	5	3
Income (loss) before income taxes	65	66	182	(152)
Income tax provision	23	7	97	77
Net income (loss)	42	59	85	(229)
Income attributable to noncontrolling interests	17	23	55	70
Net income (loss) attributable to Adient	$ 25	$ 36	$ 30	$ (299)
Earnings (loss) per share:
Basic (in usd per share)	$ 0.32	$ 0.43	$ 0.38	$ (3.56)
Diluted (in usd per share)	$ 0.32	$ 0.43	$ 0.38	$ (3.56)
Shares used in computing earnings per share:
Basic (in shares)	78.1	83.5	78.4	83.9
Diluted (in shares)	79.2	83.7	79.3	83.9

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net income (loss) attributable to Adient	$ 30	$ (299)
Income attributable to noncontrolling interests	55	70
Net income (loss)	85	(229)
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation	211	207
Amortization of intangibles	35	35
Pension and postretirement expense	10	7
Pension and postretirement contributions, net	(16)	(15)
Equity in earnings of partially-owned affiliates, net of dividends received	18	16
Gain on sale of interests in nonconsolidated partially-owned affiliates	0	(4)
Deferred income taxes	(16)	1
Non-cash impairment charges	0	343
Equity-based compensation	26	20
Other	3	(3)
Changes in assets and liabilities excluding impact of acquisitions/divestitures:
Receivables	(55)	80
Inventories	(41)	44
Other assets	37	(137)
Accounts payable and accrued liabilities	60	(134)
Accrued income taxes	9	5
Cash provided by operating activities	366	236
Investing Activities
Capital expenditures	(205)	(166)
Sale of property, plant and equipment	8	16
Settlement of derivatives	3	0
Acquisition of businesses, net of cash acquired	(4)	0
Business divestitures	0	27
Investments in partially-owned affiliates	(6)	(3)
Other	(1)	(1)
Cash used by investing activities	(205)	(127)
Financing Activities
Debt financing costs	(7)	(13)
Share repurchases	(55)	(75)
Acquisition of a noncontrolling interest	0	(28)
Dividends paid to and other transactions with noncontrolling interests	(87)	(86)
Share based compensation and other	(5)	(3)
Cash used by financing activities	(163)	(212)
Effect of exchange rate changes on cash and cash equivalents	(32)	18
Decrease in cash and cash equivalents	(34)	(85)
Cash and cash equivalents at beginning of period	958	945
Cash and cash equivalents at end of period	924	860
ABL Credit Facility And Other Bank Borrowings
Financing Activities
Issuance of long-term debt	153	0
Repayment of long-term debt, including premium paid	155	1
Repayment of long-term debt, including premium paid	(155)	(1)
Other Debt, Excluding ABL Credit Facility And Other Bank Borrowings
Financing Activities
Issuance of long-term debt	0	795
Repayment of long-term debt, including premium paid	7	801
Repayment of long-term debt, including premium paid	$ (7)	$ (801)

Consolidated Statements of Financial Position - USD ($) $ in Millions	Jun. 30, 2026	Sep. 30, 2025
Assets
Cash and cash equivalents	$ 924	$ 958
Accounts receivable - net	1,881	1,873
Inventories	729	695
Other current assets	652	607
Current assets	4,186	4,133
Property, plant and equipment - net	1,385	1,409
Goodwill	1,799	1,807
Other intangible assets - net	298	319
Investments in partially-owned affiliates	276	276
Assets held for sale	12	9
Other noncurrent assets	1,003	1,001
Total assets	8,959	8,954
Liabilities and Shareholders' Equity
Short-term debt	0	2
Current portion of long-term debt	9	9
Accounts payable	2,744	2,549
Accrued compensation and benefits	378	393
Other current liabilities	685	734
Current liabilities	3,816	3,687
Long-term debt	2,379	2,386
Pension and postretirement benefits	108	112
Other noncurrent liabilities	568	611
Long-term liabilities	3,055	3,109
Commitments and Contingencies (Note 17)
Redeemable noncontrolling interests	75	95
Preferred shares issued, par value $0.001; 100,000,000 shares authorized, Zero shares issued and outstanding at June 30, 2026	0	0
Ordinary shares issued, par value $0.001; $500,000,000 shares authorized, 77,096,932 shares issued and outstanding at June 30, 2026	0	0
Additional paid-in capital	3,564	3,602
Accumulated deficit	(1,136)	(1,166)
Accumulated other comprehensive loss	(699)	(670)
Shareholders' equity attributable to Adient	1,729	1,766
Noncontrolling interests	284	297
Total shareholders' equity	2,013	2,063
Total liabilities and shareholders' equity	$ 8,959	$ 8,954