Earnings per Share

6 Months Ended

Mar. 31, 2024

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 March 31,		Six Months Ended March 31,
	2024	2023	2024	2023
Average common shares outstanding	289,518	284,292	289,941	284,087
Dilutive share equivalents from share-based plans	826	1,353	1,268	1,273
Average common and common equivalent shares outstanding – assuming dilution	290,344	285,645	291,209	285,360
Share equivalents excluded from the diluted shares outstanding calculation:
Mandatory convertible preferred stock (a)	—	6,060	—	6,060
Share-based plans (b)	1,155	617	545	617

(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.