Debt and Financing Arrangements (Tables)

6 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following:

(in millions)	March 31, 2022		September 30, 2021
Long-term debt:
Term Loan B - LIBOR plus 3.25% due in 2028	$	993	$	998
4.875% Notes due in 2026	795		795
3.50% Notes due in 2024	918		1,161
9.00% Notes due in 2025	92		600
European Investment Bank Loan - EURIBOR plus 1.58% due in 2022	150		156
Finance lease obligations	1		1
Less: debt issuance costs	(22)		(32)
Gross long-term debt	2,927		3,679
Less: current portion	161		167
Net long-term debt	$	2,766	$	3,512
Short-term debt:
Other bank borrowings	$	9	$	17
Total short-term debt	$	9	$	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 March 31,				Six Months Ended March 31,
(in millions)	2022		2021		2022		2021
Interest expense, net of capitalized interest costs	$	39	$	57	$	85	$	116
Banking fees and debt issuance cost amortization	11		10		14		13
Interest income	(1)		(2)		(3)		(4)
Premium paid on repurchase of debt	34		45		34		45
Derivative loss on Yanfeng transaction	—		—		3		—
Net foreign exchange	—		—		—		(1)
Net financing charges	$	83	$	110	$	133	$	169