Debt Obligations (Tables)

6 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings and Long-term Debt

The following table summarizes Valvoline’s short-term borrowings and long-term debt:

(In millions)	March 31 2018			September 30 2017
2025 Notes	$	400		$	400
2024 Notes	375			375
Term Loans	278			285
Trade Receivables Facility	163			75
Revolver	—			—
Other (a)	(10		)	(11		)
Total debt	$	1,206		$	1,124
Short-term debt	—			75
Current portion of long-term debt	23			15
Long-term debt	$	1,183		$	1,034

(a) At March 31, 2018, Other includes $12 million of debt issuance cost discounts and $2 million of debt acquired through acquisitions. At September 30, 2017, Other included $13 million of debt issuance cost discounts and $2 million of debt acquired through acquisitions.