Debt (Tables)

12 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Long-term Debt

The following table summarizes Valvoline’s short-term borrowings and long-term debt as of September 30:

(In millions)	2018			2017
2025 Notes	$	400		$	400
2024 Notes	375			$	375
Term Loans	270			285
Revolver	147			—
Trade Receivables Facility	140			75
Other (a)	(10		)	(11		)
Total debt	$	1,322		$	1,124
Short-term debt	—			75
Current portion of long-term debt	30			15
Long-term debt	$	1,292		$	1,034

(a) As of September 30, 2018, other includes $11 million of debt issuance costs and discounts and $1 million of debt primarily acquired through acquisitions. As of September 30, 2017, other included $13 million of debt issuance costs and discounts and $2 million of debt acquired through acquisitions.

Schedule of Maturities of Long-term Debt

The future maturities of debt outstanding as of September 30, 2018, excluding debt issuance costs and discounts, are as follows:

(In millions)
Years ending September 30
2019	$	30
2020	30
2021	497
2022	—
2023	—
Thereafter	776
Total	$	1,333