Debt and Financing Arrangements (Tables)

3 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following:

(in millions)	December 31, 2021		September 30, 2021
Long-term debt:
Term Loan B - LIBOR plus 3.50% due in 2028	$	995	$	998
4.875% Notes due in 2026	795		795
3.50% Notes due in 2024	1,132		1,161
9.00% Notes due in 2025	600		600
European Investment Bank Loan - EURIBOR plus 1.58% due in 2022	152		156
Finance lease obligations	1		1
Less: debt issuance costs	(30)		(32)
Gross long-term debt	3,645		3,679
Less: current portion	163		167
Net long-term debt	$	3,482	$	3,512
Short-term debt:
Other bank borrowings	$	11	$	17
Total short-term debt	$	11	$	17

Schedule of Net Financing Charges

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

	Three Months Ended December 31,
(in millions)	2021		2020
Interest expense, net of capitalized interest costs	$	46	$	59
Banking fees and debt issuance cost amortization	3		3
Interest income	(2)		(2)
Derivative loss on Yanfeng transaction	3		—
Net foreign exchange	—		(1)
Net financing charges	$	50	$	59