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Debt and Financing Arrangements
 3 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Debt and Financing Arrangements
Debt and Financing Arrangements

Net Financing Charges

The Company's net financing charges line item in the consolidated statements of income for the three months ended December 31, 2019 and 2018 contained the following components (in millions):
 
Three Months Ended
December 31,
 
2019
 
2018
 
 
 
 
Interest expense, net of capitalized interest costs
$
62

 
$
91

Banking fees and bond cost amortization
5

 
6

Interest income
(13
)
 
(7
)
Net foreign exchange results for financing activities
(2
)
 
(5
)
Net financing charges
$
52

 
$
85



In December 2019, the Company entered into a syndicated $2.5 billion committed revolving credit facility, which is scheduled to expire in December 2024, and a syndicated $500 million committed revolving credit facility, which is scheduled to expire in December 2020.  As of December 31, 2019, there were no draws on the facilities.

In December 2019, the Company terminated its syndicated 5-year $2 billion committed revolving credit facility and four 364-day revolving credit facilities with total committed capacity of $750 million.