Debt and Financing Arrangements (Tables)

12 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Short-Term Debt

Short-term debt consisted of the following (in millions):

	September 30,
	2015			2014
Bank borrowings and commercial paper	$	52		$	183
Weighted average interest rate on short-term debt outstanding	7.2		%	3.8		%

Long-Term Debt

Long-term debt consisted of the following (in millions; due dates by fiscal year):

	September 30,
	2015		2014
Unsecured notes
7.7% due in 2015 ($125 million par value)	$	—	$	125
5.5% due in 2016 ($800 million par value)	800		802
7.125% due in 2017 ($150 million par value)	153		156
2.6% due in 2017 ($400 million par value)	404		400
2.355% due in 2017 ($46 million par value)	46		46
1.4% due in 2018 ($300 million par value)	303		298
5.0% due in 2020 ($500 million par value)	499		499
4.25% due 2021 ($500 million par value)	498		498
3.75% due in 2022 ($450 million par value)	448		448
3.625% due in 2024 ($500 million par value)	500		500
6.0% due in 2036 ($400 million par value)	395		395
5.7% due in 2041 ($300 million par value)	299		299
5.25% due in 2042 ($250 million par value)	250		250
4.625% due in 2044 ($450 million par value)	447		447
6.95% due in 2046 ($125 million par value)	125		125
4.95% due in 2064 ($450 million par value)	449		449
Capital lease obligations	48		55
Foreign-denominated debt
Euro	529		663
Japanese Yen	308		—
Other	57		42
Gross long-term debt	6,558		6,497
Less: current portion	813		140
Net long-term debt	$	5,745	$	6,357

Components Of Net Financing Charges

The Company's net financing charges line item in the consolidated statements of income for the years ended September 30, 2015, 2014 and 2013 contained the following components (in millions):

	Year Ended September 30,
	2015			2014			2013
Interest expense, net of capitalized interest costs	$	288		$	254		$	255
Banking fees and bond cost amortization	23			18			21
Interest income	(9		)	(10		)	(19		)
Net foreign exchange results for financing activities	(14		)	(18		)	(10		)
Net financing charges	$	288		$	244		$	247