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Note 6. Debt and Financing Arrangements
 3 Months Ended
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