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Debt and Financing Arrangements
 9 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Debt and Financing Arrangements Debt and Financing Arrangements
Short-term debt consisted of the following (in millions):
 June 30,September 30,
 20232022
Bank borrowings$23 $10 
Commercial paper— 172 
Term loans163 487 
$186 $669 
Weighted average interest rate on short-term debt outstanding3.8 %0.5 %

As of June 30, 2023, the Company had a syndicated $2.5 billion committed revolving credit facility, which is scheduled to expire in December 2024, and a syndicated $500 million committed revolving credit facility, which is scheduled to expire in November 2023. As of June 30, 2023, there were no draws on the facilities.

Financing Activity

The Company entered into the following financing activities during the current fiscal year:

•October 2022
–Repaid a €200 million ($196 million as of September 30, 2022) term loan with an interest rate of EURIBOR plus 0.5%

–Issued a €150 million ($163 million as of March 31, 2023) term loan with an interest rate of EURIBOR plus 0.7% which is due in April 2024

•January 2023 - Repaid $32 million of outstanding 4.625% Notes due 2023

•March 2023
–Repaid a €150 million ($147 million as of September 30, 2022) term loan with an interest rate of 0.0%

–Repaid a €135 million ($133 million as of September 30, 2022) term loan with an interest rate of EURIBOR plus 0.5%

–Issued a €150 million ($163 million as of March 31, 2023) term loan with an interest rate of EURIBOR plus 0.4% which is due March 2024

•May 2023 - Together with its wholly owned subsidiary, Tyco Fire & Security Finance S.C.A., co-issued an €800 million ($868 million as of June 30, 2023) bond with an interest rate of 4.25% which is due May 2035.
Net Financing Charges

Net financing charges consisted of the following (in millions):
Three Months Ended
June 30,		Nine Months Ended
June 30,
2023202220232022
Interest expense, net of capitalized interest costs$79 $54 $219 $165 
Other financing charges13 6 34 16 
Interest income(10)(2)(17)(5)
Net foreign exchange results for financing activities(2)(9)(18)(23)
Net financing charges$80 $49 $218 $153