Debt and Financing Arrangements (Tables)

12 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Schedule of Long Term Debt

Long-term debt consisted of the following:

	September 30,
(in millions)	2019		2018
Term Loan A - LIBOR plus 1.75% due in 2021	$	—	$	1,200
Term Loan B - LIBOR plus 4.25% due in 2024	798		—
4.875% Notes due in 2026	900		900
3.50% Notes due in 2024	1,094		1,162
7.00% Notes due in 2026	800		—
European Investment Bank Loan - EURIBOR plus 0.90% due in 2022	180		192
Capital lease obligations	—		2
Less: debt issuance costs	(56)		(32)
Gross long-term debt	3,716		3,424
Less: current portion	8		2
Net long-term debt	$	3,708	$	3,422

Schedule of Maturities of Long-term Debt

Principal payments required on long-term debt during the next five years are as follows:

	Year Ended September 30,
(in millions)	2020		2021		2022		2023		2024
Principal payments	$	8	$	8	$	188	$	8	$	1,860

Schedule of Short-term Debt

Short-term debt consisted of the following:

	Year Ended September 30,
(in millions)	2019			2018			2017
Bank borrowings	$	22		$	6		$	36
Weighted average interest rate on short-term debt outstanding (1)	2.9		%	4.8		%	3.0		%

⁽¹⁾ The weighted average interest rates on short-term debt varies based on levels of debt maintained in various jurisdictions.

Schedule of Net Financing Charges

Adient's net financing charges in the consolidated statements of income (loss) contained the following components:

	Year Ended September 30,
(in millions)	2019		2018		2017
Interest expense, net of capitalized interest costs	$	167	$	142	$	126
Banking fees and debt issuance cost amortization	26		7		10
Interest income	(11)		(5)		(4)
Net financing charges	$	182	$	144	$	132