v3.26.1
Debt and Financing Arrangements
 9 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Debt and Financing Arrangements DEBT AND FINANCING ARRANGEMENTS
Short-term debt consisted of the following (in millions):
 June 30, 2026September 30, 2025
Commercial paper$200 $400 
Term loans665 320 
Bank borrowings— 3 
$865 $723 
Weighted average interest rate on short-term debt outstanding3.5 %4.5 %

As of June 30, 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 June 30, 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 June 30,Nine Months Ended June 30,
(in millions)2026202520262025
Interest expense, net of capitalized interest costs$58 $55 $160 $178 
Other financing charges5 4 16 14 
Interest income(3)(3)(6)(8)
Net foreign exchange results for financing activities11 21 27 59 
Net financing charges$71 $77 $197 $243 

Net financing charges includes pre-tax gains (losses) on derivatives not designated as hedging instruments of $(33) million and $71 million for the three months ended June 30, 2026 and 2025, respectively, and $(222) million and $(13) million for the nine months ended June 30, 2026 and 2025, respectively, which are offset by changes in foreign exchange rates on underlying exposures during those periods.