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Debt and Financing Arrangements (Tables) | 3 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Debt | Long-term and short-term debt consisted of the following:
(in millions) |  | December 31, 2023 |  | September 30, 2023
Long-term debt: |  |  |  |
8.25% Notes due 2031 |  | $ | 500 |  |  | $ | 500 |
7.00% Secured Notes due 2028 |  | 500 |  |  | 500 |
Term Loan B due in 2028 |  | 635 |  |  | 635 |
4.875% Notes due in 2026 |  | 795 |  |  | 795 |
3.50% Notes due in 2024 |  | 136 |  |  | 130 |
Other bank borrowings and finance lease obligations |  | 3 |  |  | 4 |
Less: debt issuance costs |  | (29) |  |  | (31) |
Gross long-term debt |  | 2,540 |  |  | 2,533 |
Less: current portion |  | 137 |  |  | 132 |
Net long-term debt |  | $ | 2,403 |  |  | $ | 2,401 |
Short-term debt: |  |  |  |
Other bank borrowings |  | $ | 7 |  |  | $ | 2 |
Total short-term debt |  | $ | 7 |  |  | $ | 2 |
Schedule of Net Financing Charges | Adient's net financing charges in the consolidated statements of income contained the following components:
|  | Three Months Ended December 31, |  |
(in millions) |  | 2023 |  | 2022 |  |  |  |
Interest expense, net of capitalized interest costs |  | $ | 48 |  |  | $ | 41 |  |  |  |  |
Banking fees and debt issuance cost amortization |  | 4 |  |  | 4 |  |  |  |  |
Interest income |  | (9) |  |  | (4) |  |  |  |  |
Net foreign exchange |  | 1 |  |  | — |  |  |  |  |
Net financing charges |  | $ | 44 |  |  | $ | 41 |  |  |  |  |

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