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Earnings Per Share (Tables)
3 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following is the computation of basic and diluted earnings per share (“EPS”). Earnings per share is reported under the treasury stock method.

 
 
Three months ended
 
 
December 31
(In millions except per share data)
 
2016
 
2015
Numerator
 
 
 
 
Net income
 
$
72

 
$
65

Denominator
 
 
 
 
Weighted-average shares used to compute basic EPS
 
205

 
205

Effect of dilutive securities (a)
 

 

Weighted-average shares used to compute diluted EPS
 
205


205

 
 
 
 
 
Earnings per share
 
 
 
 
Basic
 
$
0.35

 
$
0.32

Diluted
 
$
0.35

 
$
0.32

 
 
 
 
 
(a) During the three months ended December 31, 2016, the Company issued share-based awards to six non-employee directors. These awards had no material impact on earnings per share.