Debt and Financing Arrangements

3 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Debt and Financing Arrangements

Debt and Financing ArrangementsAs of December 31, 2021, the Company has 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 was renewed in December 2021 and is now scheduled to expire in December 2022. As of December 31, 2021, there were no draws on the facilities.

In November 2021, the Company entered into a €200 million bank term loan which is due in October 2022.

The Company had $150 million of commercial paper outstanding as of December 31, 2021 and no commercial paper outstanding as of September 30, 2021.

Net Financing Charges

Net financing charges consisted of the following (in millions):

	Three Months Ended December 31,
	2021		2020
Interest expense, net of capitalized interest costs	$	55	$	59
Banking fees and bond cost amortization	5		8
Interest income	(2)		(3)
Net foreign exchange results for financing activities	(5)		(5)
Net financing charges	$	53	$	59