Debt and Financing Arrangements (Tables)

9 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt

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

(in millions)	June 30, 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	633		635
4.875% Notes due in 2026	795		795
3.50% Notes due in 2024	132		130
Other bank borrowings and finance lease obligations	3		4
Less: debt issuance costs	(29)		(31)
Gross long-term debt	2,534		2,533
Less: current portion	139		132
Net long-term debt	$	2,395	$	2,401
Short-term debt:
Other bank borrowings	$	3	$	2
Total short-term debt	$	3	$	2

Schedule of Net Financing Charges

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

	Three Months Ended June 30,				Nine Months Ended June 30,
(in millions)	2024		2023		2024		2023
Interest expense, net of capitalized interest costs	$	48	$	49	$	142	$	138
Banking fees and debt issuance cost amortization	4		5		13		16
Interest income	(6)		(6)		(21)		(15)
Premium paid on repurchase of debt	—		—		—		7
Net foreign exchange	2		1		5		3
Net financing charges	$	48	$	49	$	139	$	149