Debt and Financing Arrangements (Tables)

12 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Short-Term Debt

Short-term debt consisted of the following (in millions):

	September 30,
	2016			2015
Bank borrowings and commercial paper	$	1,119		$	52
Weighted average interest rate on short-term debt outstanding	1.3		%	7.2		%

Long-Term Debt

Long-term debt consisted of the following (in millions; due dates by fiscal year):

	September 30,
	2016		2015
Unsecured notes
JCI Inc. - 5.5% due in 2016 ($800 million par value)	—		800
JCI Inc. - 7.125% due in 2017 ($150 million par value)	149		153
JCI Inc. - 2.6% due in 2017 ($400 million par value)	404		404
JCI Inc. - 2.355% due in 2017 ($46 million par value)	46		46
JCI Inc. - 1.4% due in 2018 ($300 million par value)	301		303
JCI Inc. - 5.0% due in 2020 ($500 million par value)	499		499
JCI Inc. - 4.25% due 2021 ($500 million par value)	498		498
JCI Inc. - 3.75% due in 2022 ($450 million par value)	448		448
JCI Inc. - 3.625% due in 2024 ($500 million par value)	500		500
JCI Inc. - 6.0% due in 2036 ($400 million par value)	396		395
JCI Inc. - 5.7% due in 2041 ($300 million par value)	299		299
JCI Inc. - 5.25% due in 2042 ($250 million par value)	250		250
JCI Inc. - 4.625% due in 2044 ($450 million par value)	447		447
JCI Inc. - 6.95% due in 2046 ($125 million par value)	125		125
JCI Inc. - 4.95% due in 2064 ($450 million par value)	449		449
Tyco International Finance S.A. ("TIFSA") - 3.75% due in 2018 ($67 million par value)	69		—
TIFSA - 4.625% due in 2023 ($42 million par value)	46		—
TIFSA - 1.375% due in 2025 (EUR 500 million par value)	571		—
TIFSA - 3.90% due in 2026 ($750 million par value)	824		—
TIFSA - 5.125% due in 2045 ($750 million par value)	903		—
Adient - 3.5% due in 2024 (EUR 1,000 million par value)	1,119		—
Adient - 4.875% due in 2026 ($900 million par value)	900		—
TSarl - Term Loan A - LIBOR plus 1.50% due in 2020	4,000		—
Adient - Term Loan A - LIBOR plus 1.005% due in 2021	1,500		—
Capital lease obligations	24		48
Other foreign-denominated debt
Euro	61		529
Japanese Yen	367		308
Other	39		57
Gross long-term debt	15,234		6,558
Less: current portion	628		813
Net long-term debt	$	14,606	$	5,745

Components Of Net Financing Charges

The Company's net financing charges line item in the consolidated statements of income for the years ended September 30, 2016, 2015 and 2014 contained the following components (in millions):

	Year Ended September 30,
	2016			2015			2014
Interest expense, net of capitalized interest costs	$	309		$	288		$	254
Banking fees and bond cost amortization	34			23			18
Interest income	(14		)	(9		)	(10		)
Net foreign exchange results for financing activities	(15		)	(14		)	(18		)
Net financing charges	$	314		$	288		$	244