Debt (Tables)

9 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Total Debt

The following table summarizes Valvoline’s total debt as of:

(In millions)	June 30 2023		September 30  2022
2031 Notes	$	535.0	$	535.0
2030 Notes	600.0		600.0
Term Loan	469.1		460.0
Revolver (a)	—		—
Trade Receivables Facility	—		105.0
Debt issuance costs and discounts	(12.6)		(12.4)
Total debt	1,591.5		1,687.6
Current portion of long-term debt	23.7		162.5
Long-term debt	$	1,567.8	$	1,525.1

(a)As of June 30, 2023, the total borrowing capacity remaining under the $475.0 million revolving credit facility was $471.2 million due to a reduction of $3.8 million for letters of credit outstanding.