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Debt (Tables)

12 Months Ended

Sep. 30, 2022

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


(In millions)	2022		2021
2031 Notes	$	535.0	$	535.0
2030 Notes	600.0		600.0

Term Loan	460.0		475.0

Trade Receivables Facility	105.0		58.5


Debt issuance costs and discounts	(12.4)		(13.8)
Total debt	1,687.6		1,654.7

Current portion of long-term debt	162.5		15.0
Long-term debt	$	1,525.1	$	1,639.7

Schedule of Maturities of Long-term Debt

The future maturities of debt outstanding as of September 30, 2022, excluding debt issuance costs and discounts, are as follows:


(In millions)
Years ending September 30
2023	$	162.5
2024	402.5
2025	—
2026	—
2027	—
Thereafter (a)	1,135.0
Total	$	1,700.0

- 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.

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+ Details