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Note 6. Debt and Financing Arrangements | 3 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Debt Disclosure [Text Block] |
6. Debt and Financing Arrangements
Long-term debt consisted of the following:
(in millions) |  | December 31, 2017 |  | September 30, 2017
Term Loan A - LIBOR plus 1.75% due in 2021 |  | $ | 1,200 |  |  | $ | 1,200 |
4.875% Notes due in 2026 |  | 900 |  |  | 900 |
3.50% Notes due in 2024 |  | 1,197 |  |  | 1,180 |
European Investment Bank Loan - EURIBOR plus 0.90% due in 2022 |  | 197 |  |  | 195 |
Capital lease obligations |  | 4 |  |  | 4 |
Other |  | 2 |  |  | 1 |
Less: debt issuance costs |  | (37 | ) |  | (38 | )
Gross long-term debt |  | 3,463 |  |  | 3,442 |
Less: current portion |  | 2 |  |  | 2 |
Net long-term debt |  | $ | 3,461 |  |  | $ | 3,440 |
Net Financing Charges Adient's net financing charges line item in the consolidated statements of income contained the following components:
|  | Three Months Ended December 31,
(in millions) |  | 2017 |  | 2016
Interest expense, net of capitalized interest costs |  | $ | 34 |  |  | $ | 33 |
Banking fees and debt issuance cost amortization |  | 2 |  |  | 2 |
Interest income |  | (1 | ) |  | (1 | )
Net foreign exchange |  | (2 | ) |  | 1 |
Net financing charges |  | $ | 33 |  |  | $ | 35 |

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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