Earnings Per Share

3 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Earnings per Share

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,
	2022	2021
Average common shares outstanding	283,887	284,685
Dilutive share equivalents from share-based plans	1,453	2,038
Average common and common equivalent shares outstanding – assuming dilution	285,340	286,723
Share equivalents excluded from the diluted shares outstanding calculation:
Mandatory convertible preferred stock (a)	5,899	5,965
Share-based plans (b)	1,374	730

(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.