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Earnings per Share (Tables)
12 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Components of basic and diluted earnings per share
The components of basic and diluted earnings per share were as follows:
(in millions, except per share data)
 
 
 
 
 
 
for the fiscal years ended September 30,
 
2017
 
2016
 
2015
Net income attributable to Franklin Resources, Inc.
 
$
1,696.7

 
$
1,726.7

 
$
2,035.3

Less: allocation of earnings to participating nonvested stock and stock unit awards
 
12.4

 
10.9

 
12.0

Net Income Available to Common Stockholders
 
$
1,684.3

 
$
1,715.8

 
$
2,023.3

 
 
 
 
 
 
 
Weighted-average shares outstanding – basic
 
558.8

 
583.8

 
614.8

Dilutive effect of nonparticipating nonvested stock unit awards
 
0.3

 

 
0.1

Weighted-Average Shares Outstanding – Diluted
 
559.1

 
583.8

 
614.9

 
 
 
 
 
 
 
Earnings per Share
 
 
 
 
 
 
Basic
 
$
3.01

 
$
2.94

 
$
3.29

Diluted
 
3.01

 
2.94

 
3.29