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Debt and Financing Arrangements (Tables)

12 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Short-Term Debt

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

			September 30,
			2020						2019
Bank borrowings			$	31					$	10
Weighted average interest rate on short-term debt outstanding			3.4		%				2.0		%

Long-Term Debt

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

			September 30,
			2020						2019
Unsecured notes
JCI plc - 5.00% due in 2020 ($453 million par value)			$	—					$	453
JCI Inc. - 5.00% due in 2020 ($47 million par value)			—						47
JCI plc - 0.00% due in 2021 (€750 million par value)			—						818
JCI plc - 4.25% due in 2021 ($204 million par value)			204						204
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						171
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						26
Tyco International Finance S.A. ("TIFSA") - 4.625% due in 2023 ($7 million par value)			7						7
JCI plc - 1.00% due in 2023 (€888 million par value)			1,039						967
JCI plc - 3.625% due in 2024 ($453 million par value)			453						453
JCI Inc. - 3.625% due in 2024 ($31 million par value)			31						31
JCI plc - 1.375% due in 2025 (€423 million par value)			503						471
TIFSA - 1.375% due in 2025 (€54 million par value)			64						60
JCI plc - 3.90% due in 2026 ($487 million par value)			516						521
TIFSA - 3.90% due in 2026 ($51 million par value)			51						51
JCI plc and Tyco Fire & Security Finance S.C.A. ("TFSCA") - 0.375% due in 2027 (€500 million par value)			583						—
JCI plc and TFSCA - 1.75% due in 2030 ($625 million par value)			623						—
JCI plc and TFSCA - 1.00% due in 2032 (€500 million par value)			584						—
JCI plc - 6.00% due in 2036 ($342 million par value)			339						339
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						189
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						155
JCI Inc. - 5.25% due in 2042 ($6 million par value)			6						6
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)			564						567
TIFSA - 5.125% due in 2045 ($23 million par value)			22						22
JCI plc - 6.95% due in 2046 ($32 million par value)			32						32
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						340
JCI Inc. - 4.95% due in 2064 ($15 million par value)			15						15
JCI plc - Term Loan - ¥25 billion; LIBOR JPY plus 0.40% due in 2022			237						232
Other			8						3
Gross long-term debt			7,822						7,240
Less: current portion			262						501
Less: debt issuance costs			34						31
Net long-term debt			$	7,526					$	6,708

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, 2020, 2019 and 2018 contained the following components (in millions):

			Year Ended September 30,
			2020						2019						2018
Interest expense, net of capitalized interest costs			$	240					$	335					$	409
Banking fees and bond cost amortization			26						28						30
Loss on debt extinguishment			—						60						—
Interest income			(23)						(61)						(13)
Net foreign exchange results for financing activities			(12)						(12)						(25)
Net financing charges			$	231					$	350					$	401

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