v3.26.1
Debt and Financing Arrangements
 6 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Debt and Financing Arrangements DEBT AND FINANCING ARRANGEMENTS
Short-term debt consisted of the following (in millions):
 March 31, 2026September 30, 2025
Commercial paper$441 $400 
Term loans437 320 
Bank borrowings4 3 
$882 $723 
Weighted average interest rate on short-term debt outstanding3.4 %4.5 %

As of March 31, 2026, the Company had an outstanding syndicated committed revolving credit facility of $2.5 billion which is scheduled to expire in December 2028. There were no draws on the facility as of March 31, 2026.

In February 2026, the Company repaid $538 million of outstanding 3.90% Notes due 2026.

The following table presents the Company's net financing charges (in millions):
Three Months Ended March 31,Six Months Ended March 31,
(in millions)2026202520262025
Interest expense, net of capitalized interest costs$60 $56 $102 $123 
Other financing charges4 4 11 10 
Interest income(1)(2)(3)(5)
Net foreign exchange results for financing activities4 22 16 38 
Net financing charges$67 $80 $126 $166 

Net financing charges includes pre-tax gains (losses) on derivatives not designated as hedging instruments of $(33) million and $60 million for the three months ended March 31, 2026 and 2025, respectively, and $(188) million and $(84) million for the six months ended March 31, 2026 and 2025, respectively, which are offset by gains resulting from changes in foreign exchange rates on underlying exposures during those periods.