Earnings Per Share (Tables)

9 Months Ended

Jun. 30, 2017

Weighted Average Common Shares Used in Computations of Basic and Diluted Earnings Per Share

The weighted average common shares used in the computations of basic and diluted earnings per share (shares in thousands) were as follows:



	Three Months Ended June 30,		Nine Months Ended June 30,
	2017	2016	2017	2016
Average common shares outstanding	220,807	213,083	215,817	212,411
Dilutive share equivalents from share-based plans (A) (B)	—	4,289	4,589	4,735
Average common and common equivalent shares outstanding – assuming dilution	220,807	217,372	220,406	217,146

(A)

For the three months ended June 30, 2017, 4 million dilutive share equivalents from share-based plans and 6 million dilutive share equivalents associated with mandatory convertible preferred stock were excluded from the diluted shares outstanding calculation because the result would have been antidilutive under the “if-converted” method. For the nine months ended June 30, 2017, 2 million dilutive share equivalents associated with mandatory convertible preferred stock were excluded from the diluted shares outstanding calculation because the result would have been antidilutive.


(B)	The prior-period adjustments to calculate diluted share equivalents from share-based plans included excess tax benefits relating to share-based compensation awards. Upon the Company's adoption, as discussed in Note 2, of new accounting requirements relating to share-based compensation award-related income tax effects, the adjustments in the current-year periods excluded these excess tax benefits.