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Debt and Financing Arrangements (Tables)
 12 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Short-Term Debt
Short-term debt consisted of the following (in millions):
 
September 30,
 
2018
 
2017
Bank borrowings and commercial paper
$
1,315

 
$
1,214

Weighted average interest rate on short-term debt outstanding
2.8
%
 
1.6
%
Long-Term Debt
Long-term debt consisted of the following (in millions; due dates by fiscal year):
 
September 30,
 
2018
 
2017
Unsecured notes
 
 
 
JCI plc - 1.4% due in 2018 ($259 million par value)
$
—

 
$
259

JCI Inc. - 1.4% due in 2018 ($41 million par value)
—

 
42

JCI plc - 3.75% due in 2018 ($49 million par value)
—

 
49

Tyco International Finance S.A. ("TIFSA") - 3.75% due in 2018 ($18 million par value)
—

 
18

JCI plc - 5.00% due in 2020 ($453 million par value)
452

 
452

JCI Inc. - 5.00% due in 2020 ($47 million par value)
47

 
47

JCI plc - 0.00% due in 2021 (€750 million par value)
868

 
—

JCI plc - 4.25% due in 2021 ($447 million par value)
446

 
446

JCI Inc. - 4.25% due in 2021 ($53 million par value)
53

 
53

JCI plc - 3.75% due in 2022 ($428 million par value)
427

 
427

JCI Inc. - 3.75% due in 2022 ($22 million par value)
22

 
22

JCI plc - 4.625% due in 2023 ($35 million par value)
37

 
38

TIFSA - 4.625% due in 2023 ($7 million par value)
8

 
8

JCI plc - 1.00% due in 2023 (€1,000 million par value)
1,154

 
1,171

JCI plc - 3.625% due in 2024 ($468 million par value)
468

 
468

JCI Inc. - 3.625% due in 2024 ($31 million par value)
31

 
31

JCI plc - 1.375% due in 2025 (€423 million par value)
501

 
510

TIFSA - 1.375% due in 2025 (€58 million par value)
69

 
70

JCI plc - 3.90% due in 2026 ($698 million par value)
755

 
763

TIFSA - 3.90% due in 2026 ($51 million par value)
52

 
53

JCI plc - 6.00% due in 2036 ($392 million par value)
388

 
388

JCI Inc. - 6.00% due in 2036 ($8 million par value)
8

 
8

JCI plc - 5.70% due in 2041 ($270 million par value)
269

 
269

JCI Inc. - 5.70% due in 2041 ($30 million par value)
30

 
30

JCI plc - 5.25% due in 2042 ($242 million par value)
242

 
242

JCI Inc. - 5.25% due in 2042 ($8 million par value)
8

 
8

JCI plc - 4.625% due in 2044 ($445 million par value)
441

 
441

JCI Inc. - 4.625% due in 2044 ($6 million par value)
6

 
6

JCI plc - 5.125% due in 2045 ($727 million par value)
867

 
872

TIFSA - 5.125% due in 2045 ($23 million par value)
23

 
23

JCI plc - 6.95% due in 2046 ($121 million par value)
121

 
121

JCI Inc. - 6.95% due in 2046 ($4 million par value)
4

 
4

JCI plc - 4.50% due in 2047 ($500 million par value)
496

 
495

JCI plc - 4.95% due in 2064 ($435 million par value)
434

 
434

JCI Inc. - 4.95% due in 2064 ($15 million par value)
15

 
15

TSarl - Term Loan A - LIBOR plus 1.25% due in 2020
364

 
3,700

TSarl - Term Loan B - €215 million; EURIBOR plus 0.62% due in 2020
250

 
—

JCI plc - Term Loan - 35 billion yen; LIBOR JPY plus 0.40% due in 2022
309

 
311

Capital lease obligations
36

 
19

Other
23

 
90

Gross long-term debt
9,724

 
12,403

Less: current portion
26

 
394

Less: debt issuance costs
44

 
45

Net long-term debt
$
9,654

 
$
11,964
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, 2018, 2017 and 2016 contained the following components (in millions):
 
Year Ended September 30,
 
2018
 
2017
 
2016
 
 
 
 
 
 
Interest expense, net of capitalized interest costs
$
437

 
$
466

 
$
293

Banking fees and bond cost amortization
58

 
67

 
30

Interest income
(29
)
 
(19
)
 
(12
)
Net foreign exchange results for financing activities
(25
)
 
(18
)
 
(22
)
Net financing charges
$
441

 
$
496

 
$
289