Long-Term Debt (Tables)

9 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-Term Debt, net of discounts where applicable, is summarized as follows (in millions):

	June 30, 2015			September 30, 2014
4.625 percent convertible notes due 2026 (1)	$	55		$	55
4.0 percent convertible notes due 2027 (1)	143			162
7.875 percent convertible notes due 2026(net of issuance discount of $13 and $21, respectively) (1)	152			229
6.75 percent notes due 2021 (2)	275			275
6.25 percent notes due 2024 (2)	450			225
Capital lease obligation	21			26
Export financing arrangements	23			31
Unamortized discount on convertible notes	(22		)	(31		)
Subtotal	1,097			972
Less: current maturities	(18		)	(7		)
Long-term debt	$	1,079		$	965

⁽¹⁾ The 4.625 percent, 4.0 percent and 7.875 percent convertible notes contain a put and call feature, which allows for earlier redemption beginning in 2016, 2019 and 2020, respectively.

⁽²⁾ The 6.75 percent and 6.25 percent notes contain a call option, which allows for early redemption.

Debt instrument redemption

On or after February 15, 2019, the company may redeem, at its option, from time to time, the 2024 Notes, in whole or in part, at the redemption prices (expressed as percentages of the principal amount of the 2024 Notes to be redeemed) set forth below, plus accrued and unpaid interest, if any, if redeemed during the 12-month period beginning on February 15 of the years indicated below:

Year	Redemption Price
2019	103.125%
2020	102.083%
2021	101.042%
2022 and thereafter	100.000%