Earnings Per Share

6 Months Ended

Mar. 31, 2019

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 March 31,		Six Months Ended March 31,
	2019	2018	2019	2018
Average common shares outstanding	269,882	267,341	269,454	248,484
Dilutive share equivalents from share-based plans	—	—	4,975	—
Average common and common equivalent shares outstanding – assuming dilution	269,882	267,341	274,429	248,484

Share equivalents excluded from the diluted shares outstanding calculation because the result would have been antidilutive:
Mandatory convertible preferred stock	11,685	11,685	11,685	11,685
Share-based plans	4,405	6,352	—	5,439