Debt and Financing Arrangements (Tables)

9 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following:

(in millions)	June 30, 2022		September 30, 2021
Long-term debt:
Term Loan B - LIBOR plus 3.25% due in 2028	$	990	$	998
4.875% Notes due in 2026	795		795
3.50% Notes due in 2024	860		1,161
9.00% Notes due in 2025	92		600
European Investment Bank Loan - EURIBOR plus 1.58% due in 2022	—		156
Finance lease obligations	1		1
Less: debt issuance costs	(20)		(32)
Gross long-term debt	2,718		3,679
Less: current portion	11		167
Net long-term debt	$	2,707	$	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 June 30,				Nine Months Ended June 30,
(in millions)	2022		2021		2022		2021
Interest expense, net of capitalized interest costs	$	36	$	46	$	121	$	162
Banking fees and debt issuance cost amortization	6		14		20		27
Interest income	(2)		(2)		(5)		(6)
Premium paid on repurchase of debt	—		4		34		49
Derivative loss on Yanfeng transaction	—		24		3		24
Net foreign exchange	(1)		1		(1)		—
Net financing charges	$	39	$	87	$	172	$	256