Debt and Financing Arrangements (Tables)

6 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consisted of the following:

(in millions)	March 31, 2019			September 30, 2018
Term Loan A - LIBOR plus 1.75% due in 2021	$	1,200		$	1,200
4.875% Notes due in 2026	900			900
3.50% Notes due in 2024	1,123			1,162
European Investment Bank Loan - EURIBOR plus 0.90% due in 2022	185			192
Capital lease obligations	1			2
Less: debt issuance costs	(35		)	(32		)
Gross long-term debt	3,374			3,424
Less: current portion	1			2
Net long-term debt	$	3,373		$	3,422

Schedule of Net Financing Charges

Adient's net financing charges line item in the consolidated statements of income contained the following components:

	Three Months Ended March 31,						Six Months Ended March 31,
(in millions)	2019			2018			2019			2018
Interest expense, net of capitalized interest costs	$	38		$	36		$	73		$	70
Banking fees and debt issuance cost amortization	4			2			7			4
Interest income	(3		)	(1		)	(4		)	(2		)
Net foreign exchange	1			—			(1		)	(2		)
Net financing charges	$	40		$	37		$	75		$	70