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Long-term Debt and Other Borrowings (Tables)
 3 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-term Debt and Other Borrowings
Long-term debt and other borrowings consist of the following (dollars in millions):
December 31, 2019
 
Face
Value
 
Unamortized Discounts and Debt Issuance Costs
 
Fair Value
Adjustment (1)
 
Net Carrying
Value
Senior Notes:
 
 
 
 
 
 
 
 
Variable-rate Notes due 2021
 
$
600

 
$
(2
)
 
$
—

 
$
598

2.950% Notes due 2022
 
750

 
(3
)
 
4

 
751

3.750% Notes due 2024
 
400

 
(3
)
 
—

 
397

3.625% Notes due 2025
 
500

 
(2
)
 
18

 
516

3.300% Notes due 2027
 
800

 
(8
)
 
23

 
815

2.750% Notes due 2029
 
500

 
(5
)
 
(17
)
 
478

Total long-term debt
 
$
3,550

 
$
(23
)
 
$
28

 
$
3,555

September 30, 2019
 
Face
Value
 
Unamortized Discounts and Debt Issuance Costs
 
Fair Value
Adjustment (1)
 
Net Carrying
Value
Senior Notes:
 
 
 
 
 
 
 
 
Variable-rate Notes due 2021
 
$
600

 
$
(2
)
 
$
—

 
$
598

2.950% Notes due 2022
 
750

 
(3
)
 
6

 
753

3.750% Notes due 2024
 
400

 
(3
)
 
—

 
397

3.625% Notes due 2025
 
500

 
(3
)
 
25

 
522

3.300% Notes due 2027
 
800

 
(8
)
 
40

 
832

2.750% Notes due 2029
 
500

 
(5
)
 
(3
)
 
492

Total long-term debt
 
$
3,550

 
$
(24
)
 
$
68

 
$
3,594

 
(1)
Fair value adjustments relate to changes in the fair value of the debt while in a fair value hedging relationship. See "Fair Value Hedging" below.
Schedule of Debt Key information about the Senior Notes outstanding is summarized in the following table (dollars in millions):
Description
 
Date Issued
 
Maturity Date
 
Aggregate Principal
 
Interest Rate
2021 Notes
 
October 30, 2018
 
November 1, 2021
 
$600
 
Variable
2022 Notes
 
March 4, 2015
 
April 1, 2022
 
$750
 
2.950%
2024 Notes
 
October 30, 2018
 
April 1, 2024
 
$400
 
3.750%
2025 Notes
 
October 17, 2014
 
April 1, 2025
 
$500
 
3.625%
2027 Notes
 
April 27, 2017
 
April 1, 2027
 
$800
 
3.300%
2029 Notes
 
August 13, 2019
 
October 1, 2029
 
$500
 
2.750%
Schedule of Gains and Losses Resulting from Changes in Fair Value of Interest Rate Swaps and Hedged Fixed Rate Debt The following table summarizes gains and losses resulting from changes in the fair value of interest rate swaps designated as fair value hedges and the hedged fixed-rate debt for the periods indicated (dollars in millions):
 
 
Three Months Ended December 31,
 
 
2019
 
2018
Gain (loss) on fair value of interest rate swaps
 
$
(40
)
 
$
52

Gain (loss) on fair value of hedged fixed-rate debt
 
40

 
(52
)
Net gain (loss) recorded in interest on borrowings
 
$
—

 
$
—
Schedule of Fair Value of Outstanding Derivatives Designated as Hedging Instruments in the Condensed Consolidated Balance Sheets The following table summarizes the classification and the fair value of outstanding derivatives designated as hedging instruments on the Condensed Consolidated Balance Sheets (dollars in millions):
 
 
December 31,
2019
 
September 30,
2019
Pay-variable interest rate swaps designated as fair value hedges:
 
 
 
 
Other assets
 
$
45

 
$
71

Accounts payable and other liabilities
 
$
(17
)
 
$
(3
)