Shareholders' Equity

6 Months Ended

Mar. 31, 2023

Equity [Abstract]

Shareholders' Equity

SHAREHOLDERS’ EQUITY

The following table summarizes the Company’s repurchases of its common stock.

	Three Months Ended March 31,				Six Months Ended March 31,
	2023		2022		2023		2022
Shares repurchased (in millions)	0.7		0.4		1.0		1.9
Average price per share (a)	$	88.59	$	105.52	$	87.47	$	103.79
Total share repurchase costs (b)	$	59.7	$	38.2	$	83.7	$	193.2

(a)Average price per share excludes broker’s commissions, which are included in “Total share repurchase costs” within this table. The average price per share of shares repurchased during the three and six months ended March 31, 2022 does not reflect the impact of the BellRing Spin-off as all share repurchases during the periods were made prior to the BellRing Spin-off.

(b)“Purchases of treasury stock” in the Condensed Consolidated Statements of Cash Flows for the six months ended March 31, 2022 included $4.0 of repurchases of common stock that were accrued in fiscal 2021 but did not settle until fiscal 2022.