Debt and Financing Arrangements (Tables)

3 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

Long-term and short-term debt consisted of the following:

(in millions)	December 31, 2023		September 30, 2023
Long-term debt:
8.25% Notes due 2031	$	500	$	500
7.00% Secured Notes due 2028	500		500
Term Loan B due in 2028	635		635
4.875% Notes due in 2026	795		795
3.50% Notes due in 2024	136		130
Other bank borrowings and finance lease obligations	3		4
Less: debt issuance costs	(29)		(31)
Gross long-term debt	2,540		2,533
Less: current portion	137		132
Net long-term debt	$	2,403	$	2,401
Short-term debt:
Other bank borrowings	$	7	$	2
Total short-term debt	$	7	$	2

Schedule of Net Financing Charges

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

	Three Months Ended December 31,
(in millions)	2023		2022
Interest expense, net of capitalized interest costs	$	48	$	41
Banking fees and debt issuance cost amortization	4		4
Interest income	(9)		(4)
Net foreign exchange	1		—
Net financing charges	$	44	$	41