Capital Stock |
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Equity [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital Stock | CAPITAL STOCK Common Stock Authorized common stock consists of 300 million shares with a par value of $1 per share. As of 30 September 2024, 249 million shares were issued, with 222 million issued and outstanding. On 15 September 2011, the Board of Directors authorized the repurchase of up to $1.0 billion of our outstanding common stock. This program does not have a stated expiration date. If we repurchase shares pursuant to this authorization, we may do so under Rules 10b5-1 and 10b-18 under the Securities Exchange Act through repurchase agreements established with one or more brokers. We have not purchased any of our outstanding shares under this program since fiscal year 2013. As of 30 September 2024, $485.3 in share repurchase authorization remained available. A summary of the changes in common shares issued and outstanding in fiscal year 2024 is presented below:
Preferred Stock Authorized preferred stock consisted of 25 million shares with a par value of $1 per share. There were no preferred shares issued or outstanding as of 30 September 2024 and 2023.
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