Debt and Financing Arrangements (Tables)

6 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

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

(in millions)	March 31, 2024		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 2031	635		635
4.875% Notes due in 2026	795		795
3.50% Notes due in 2024	133		130
Other bank borrowings and finance lease obligations	3		4
Less: debt issuance costs	(31)		(31)
Gross long-term debt	2,535		2,533
Less: current portion	134		132
Net long-term debt	$	2,401	$	2,401
Short-term debt:
Other bank borrowings	$	—	$	2
Total short-term debt	$	—	$	2

Schedule of Net Financing Charges

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

	Three Months Ended March 31,				Six Months Ended March 31,
(in millions)	2024		2023		2024		2023
Interest expense, net of capitalized interest costs	$	46	$	48	$	94	$	89
Banking fees and debt issuance cost amortization	5		7		9		11
Interest income	(6)		(5)		(15)		(9)
Premium paid on repurchase of debt	—		7		—		7
Net foreign exchange	2		2		3		2
Net financing charges	$	47	$	59	$	91	$	100