Earnings Per Share (Tables)

3 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

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 December 31,
	2021	2020
Average common shares outstanding	284,685	290,590
Dilutive share equivalents from share-based plans	2,038	2,522
Average common and common equivalent shares outstanding – assuming dilution	286,723	293,112
Share equivalents excluded from the diluted shares outstanding calculation:
Mandatory convertible preferred stock (a)	5,965	5,995
Share-based plans (b)	730	1,552

(a)Excluded from the diluted shares outstanding calculation because the result would have been antidilutive.

(b)Excluded from the diluted earnings per share calculation as the exercise prices of these awards were greater than the average market price of the Company’s common shares.