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Debt and Financing Arrangements (Tables) | 12 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Short-Term Debt | Short-term debt consisted of the following (in millions):
| September 30,
| 2019 |  | 2018
Bank borrowings and commercial paper | $ | 10 |  |  | $ | 1,306 |
Weighted average interest rate on short-term debt outstanding | 2.0 | % |  | 2.8 | %
Long-Term Debt | Long-term debt consisted of the following (in millions; due dates by fiscal year):
| September 30,
| 2019 |  | 2018
Unsecured notes |  |  |
JCI plc - 5.00% due in 2020 ($453 million par value) | 453 |  |  | 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) | 818 |  |  | 868 |
JCI plc - 4.25% due in 2021 ($204 million par value) | 204 |  |  | 446 |
JCI Inc. - 4.25% due in 2021 ($53 million par value) | 53 |  |  | 53 |
JCI plc - 3.75% due in 2022 ($171 million par value) | 171 |  |  | 427 |
JCI Inc. - 3.75% due in 2022 ($22 million par value) | 22 |  |  | 22 |
JCI plc - 4.625% due in 2023 ($25 million par value) | 26 |  |  | 37 |
Tyco International Finance S.A. ("TIFSA") - 4.625% due in 2023 ($7 million par value) | 7 |  |  | 8 |
JCI plc - 1.00% due in 2023 (€888 million par value) | 967 |  |  | 1,154 |
JCI plc - 3.625% due in 2024 ($453 million par value) | 453 |  |  | 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) | 471 |  |  | 501 |
TIFSA - 1.375% due in 2025 (€54 million par value) | 60 |  |  | 69 |
JCI plc - 3.90% due in 2026 ($487 million par value) | 521 |  |  | 755 |
TIFSA - 3.90% due in 2026 ($51 million par value) | 51 |  |  | 52 |
JCI plc - 6.00% due in 2036 ($342 million par value) | 339 |  |  | 388 |
JCI Inc. - 6.00% due in 2036 ($8 million par value) | 8 |  |  | 8 |
JCI plc - 5.70% due in 2041 ($190 million par value) | 189 |  |  | 269 |
JCI Inc. - 5.70% due in 2041 ($30 million par value) | 30 |  |  | 30 |
JCI plc - 5.25% due in 2042 ($155 million par value) | 155 |  |  | 242 |
JCI Inc. - 5.25% due in 2042 ($6 million par value) | 6 |  |  | 8 |
JCI plc - 4.625% due in 2044 ($444 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 ($477 million par value) | 567 |  |  | 867 |
TIFSA - 5.125% due in 2045 ($23 million par value) | 22 |  |  | 23 |
JCI plc - 6.95% due in 2046 ($32 million par value) | 32 |  |  | 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 |  |  | 496 |
JCI plc - 4.95% due in 2064 ($341 million par value) | 340 |  |  | 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 |
TSarl - Term Loan B - €215 million; EURIBOR plus 0.62% due in 2020 | — |  |  | 250 |
JCI plc - Term Loan - 25 billion yen; LIBOR JPY plus 0.40% due in 2022 | 232 |  |  | 309 |
Other | 3 |  |  | 3 |
Gross long-term debt | 7,240 |  |  | 9,668 |
Less: current portion | 501 |  |  | 1 |
Less: debt issuance costs | 31 |  |  | 44 |
Net long-term debt | $ | 6,708 |  |  | $ | 9,623 |
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, 2019, 2018 and 2017 contained the following components (in millions):
| Year Ended September 30,
| 2019 |  | 2018 |  | 2017
Interest expense, net of capitalized interest costs | $ | 335 |  |  | $ | 409 |  |  | $ | 446 |
Banking fees and bond cost amortization | 28 |  |  | 30 |  |  | 49 |
Loss on debt extinguishment | 60 |  |  | — |  |  | — |
Interest income | (61 | ) |  | (13 | ) |  | (11 | )
Net foreign exchange results for financing activities | (12 | ) |  | (25 | ) |  | (18 | )
Net financing charges | $ | 350 |  |  | $ | 401 |  |  | $ | 466 |

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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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