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v3.22.2.2

Debt and Financing Arrangements (Tables) | 12 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Short-Term Debt | Short-term debt consisted of the following (in millions):
| September 30,
| 2022 |  | 2021
Bank borrowings | $ | 10 |  |  | $ | 8 |
Commercial paper | 172 |  |  | — |
Term loans | 487 |  |  | — |
| $ | 669 |  |  | $ | 8 |
Weighted average interest rate on short-term debt outstanding | 0.5 | % |  | 0.2 | %
Long-Term Debt | Long-term debt consisted of the following (in millions; due dates by fiscal year):
| September 30,
| 2022 |  | 2021
Unsecured notes |  |  |
JCI plc - Term Loan -¥25 billion; LIBOR JPY plus 0.40% due in 2022 | $ | — |  |  | $ | 223 |
JCI plc - 4.625% due in 2023 ($25 million par value) | 25 |  |  | 25 |
Tyco International Finance S.A. ("TIFSA") - 4.625% due in 2023 ($7 million par value) | 7 |  |  | 7 |
JCI plc - 1.00% due in 2023 (€846 million par value) | 830 |  |  | 980 |
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) | 419 |  |  | 496 |
TIFSA - 1.375% due in 2025 (€54 million par value) | 53 |  |  | 63 |
JCI plc - 3.90% due in 2026 ($487 million par value) | 505 |  |  | 510 |
TIFSA - 3.90% due in 2026 ($51 million par value) | 51 |  |  | 51 |
JCI plc - Term Loan - ¥30 billion; TORF plus 0.40% due in 2027 | 208 |  |  | — |
JCI plc and Tyco Fire & Security Finance S.C.A. ("TFSCA") - 0.375% due in 2027 (€500 million par value) | 488 |  |  | 577 |
JCI plc and TFSCA - 3.00% due in 2028 (€600 million par value) | 586 |  |  | — |
JCI plc and TFSCA - 1.75% due in 2030 ($625 million par value) | 623 |  |  | 623 |
JCI plc and TFSCA - 2.00% due in 2031 ($500 million par value) | 496 |  |  | 496 |
JCI plc and TFSCA - 1.00% due in 2032 (€500 million par value) | 489 |  |  | 578 |
JCI plc and TFSCA - 4.90% due in 2032 ($400 million par value) | 394 |  |  | — |
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) | 557 |  |  | 560 |
TIFSA - 5.125% due in 2045 ($23 million par value) | 23 |  |  | 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 |
Other | 25 |  |  | 8 |
Gross long-term debt | 8,324 |  |  | 7,764 |
Less: current portion | 865 |  |  | 226 |
Less: debt issuance costs | 33 |  |  | 32 |
Long-term debt | $ | 7,426 |  |  | $ | 7,506 |
Schedule of Maturities of Long-term Debt | The following table presents maturities of long-term debt as of September 30, 2022 (in millions):
2023 |  | $ | 865 |
2024 |  | 485 |
2025 |  | 473 |
2026 |  | 557 |
2027 |  | 697 |
After 2027 |  | 5,247 |
Total |  | $ | 8,324 |
Components Of Net Financing Charges | The Company's net financing charges line item in the consolidated statements of income contained the following components (in millions):
| Year Ended September 30,
| 2022 |  | 2021 |  | 2020
Interest expense, net of capitalized interest costs | $ | 225 |  |  | $ | 219 |  |  | $ | 240 |
Other financing charges | 27 |  |  | 25 |  |  | 26 |
Interest income | (6) |  |  | (9) |  |  | (23) |
Net foreign exchange results for financing activities | (33) |  |  | (29) |  |  | (12) |
Net financing charges | $ | 213 |  |  | $ | 206 |  |  | $ | 231 |

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