Debt and Financing Arrangements (Tables)

9 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following:

(in millions)	June 30, 2021		September 30, 2020
Long-term debt:
Term Loan B - LIBOR plus 3.50% due in 2028	$	1,000	$	790
4.875% Notes due in 2026	797		797
3.50% Notes due in 2024	1,190		1,173
7.00% Notes due in 2026	—		800
9.00% Notes due in 2025	600		600
European Investment Bank Loan - EURIBOR plus 1.58% due in 2022	160		—
Less: debt issuance costs	(35)		(55)
Gross long-term debt	3,712		4,105
Less: current portion	170		8
Net long-term debt	$	3,542	$	4,097
Short-term debt:
European Investment Bank Loan - EURIBOR plus 1.58% due in 2022	$	—	$	194
Other bank borrowings	45		8
Total short-term debt	$	45	$	202

Schedule of Net Financing Charges

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

	Three Months Ended June 30,				Nine Months Ended June 30,
(in millions)	2021		2020		2021		2020
Interest expense, net of capitalized interest costs	$	46	$	56	$	162	$	152
Banking fees and debt issuance cost amortization	14		5		27		13
Interest income	(2)		(2)		(6)		(9)
Premium paid on repurchase of debt	4		—		49		—
Derivative loss on Yanfeng transaction	24		—		24		—
Net foreign exchange	1		(1)		—		—
Net financing charges	$	87	$	58	$	256	$	156