Common and Preferred Stock

12 Months Ended

Sep. 30, 2016

Class of Stock Disclosures [Abstract]

Common and Preferred Stock

COMMON AND PREFERRED STOCK

At September 30, 2016, 48.3 million shares of common stock were reserved for issuance under the Company's stock-based compensation plans. During 2016, 12.5 million common shares were purchased and 0.7 million treasury shares were reissued. In 2015, 43.1 million common shares were purchased and 1.1 million treasury shares were reissued.

At September 30, 2016 and 2015, the Company had 5.4 million shares of $2.50 par value preferred stock authorized, with none issued.