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Debt and Financing Arrangements (Tables)
 12 Months Ended
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