Debt and Financing Arrangements (Tables)

12 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long Term Debt

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

	September 30,
(in millions)	2024		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	632		635
4.875% Notes due in 2026	795		795
3.50% Notes due in 2024	—		130
Other bank borrowings and finance lease obligations	5		4
Less: debt issuance costs	(28)		(31)
Gross long-term debt	2,404		2,533
Less: current portion	8		132
Net long-term debt	$	2,396	$	2,401
Short-term debt:
Other bank borrowings (1)	1		2
Total short-term debt	$	1	$	2

(1) The weighted average interest rates on short-term debts, based on levels of debt maintained in various jurisdictions, were 5.4% and 10.1% at September 30, 2024 and 2023, respectively.

Schedule of Maturities of Long-Term Debt

Principal payments required on long-term debt during the next five years are as follows:

	Year Ended September 30,
(in millions)	2025		2026		2027		2028		2029		Thereafter
Principal payments	$	8	$	803	$	7	$	506	$	6	$	1,102

Schedule of Net Financing Charges

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

	Year Ended September 30,
(in millions)	2024		2023		2022
Interest expense, net of capitalized interest costs	$	191	$	186	$	161
Banking fees and debt issuance cost amortization	18		20		22
Interest income	(28)		(22)		(9)
Premium paid on repurchase of debt	—		7		38
Derivative loss on Yanfeng transaction	—		—		3
Net foreign exchange	8		4		—
Net financing charges	$	189	$	195	$	215