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Debt and Other Obligations (Tables)
12 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Long-Term Obligations

The Company’s long-term obligations, the fiscal year in which they mature and their respective interest rates are summarized below:

 

 

 

September 30

 

 

 

2017

 

 

2016

 

 

 

(In millions)

 

Variable Rate Debt:

 

 

 

 

 

 

 

 

Revolving Credit Facility, expires 2022

 

$

 

 

$

 

Total variable rate debt

 

 

 

 

 

 

Fixed Rate Debt:

 

 

 

 

 

 

 

 

2.55% Notes due 2018

 

 

250

 

 

 

250

 

3.7% Notes due 2022

 

 

350

 

 

 

350

 

3.4% Notes due 2026

 

 

250

 

 

 

250

 

Medium Term Notes:

 

 

 

 

 

 

 

 

Notes due 2019, 7.42%

 

 

30

 

 

 

30

 

Notes due 2022, 8.34% — 8.47%

 

 

15

 

 

 

15

 

Notes due 2028, 6.57% — 7.28%

 

 

8

 

 

 

8

 

Total Medium Term Notes

 

 

53

 

 

 

53

 

Chinese Renminbi Debt, due 2018, 4.75%

 

 

5

 

 

 

4

 

Total fixed rate debt

 

 

908

 

 

 

907

 

Capital lease obligations, due through 2033

 

 

13

 

 

 

13

 

Unamortized debt issuance costs and debt discount(1)

 

 

(4

)

 

 

(5

)

Total debt

 

 

917

 

 

 

915

 

Less current portion of long-term debt

 

 

(256

)

 

 

(1

)

Total long-term debt

 

$

661

 

 

$

914

 

 

(1)In fiscal 2017, the Company adopted a new accounting standard that impacts the presentation of debt issuance costs on the Consolidated Balance Sheets. This new standard was applied retrospectively and fiscal 2016 balances have been updated as discussed in Note A.

Schedule of Future Years Payment

The aggregate principal amounts of long-term debt and capital lease obligations due in each of the five years from fiscal 2018 through 2022 and thereafter are as follows:

 

Years Ending September 30

 

Principal Payments

on Long-Term

Debt

 

 

Payments on

Capital Lease

Obligations

 

 

Total

 

 

 

(In millions)

 

2018

 

$

255

 

 

$

3

 

 

$

258

 

2019

 

 

30

 

 

 

2

 

 

 

32

 

2020

 

 

 

 

 

2

 

 

 

2

 

2021

 

 

 

 

 

2

 

 

 

2

 

2022

 

 

365

 

 

 

2

 

 

 

367

 

Thereafter

 

 

258

 

 

 

9

 

 

 

267

 

Less: Interest

 

 

 

 

 

(7

)

 

 

(7

)

Total

 

$

908

 

 

$

13

 

 

$

921