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Debt (Tables)

12 Months Ended

Sep. 30, 2021

The following table summarizes Valvoline’s debt as of September 30:


(In millions)	2021		2020
2031 Notes	$	535	$	—
2030 Notes	600		600
2025 Notes	—		800
Term Loan	475		475

Trade Receivables Facility	59		88
China Construction Facility	39		18

Debt issuance costs and discounts	(14)		(19)
Total debt	1,694		1,962

Current portion of long-term debt	17		—
Long-term debt	$	1,677	$	1,962

Schedule of Maturities of Long-term Debt

The future maturities of debt outstanding as of September 30, 2021, excluding debt issuance costs and discounts, are as follows:


(In millions)
Years ending September 30
2022	$	17
2023	61
2024	468
2025	27
2026	—
Thereafter	1,135
Total	$	1,708

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details