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Earnings (Loss) per Share
 3 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings (Loss) per Share
Earnings (Loss) per Share
The components of basic and diluted earnings (loss) per share were as follows: 
(in millions, except per share data)
 
Three Months Ended
December 31,
 
2017
 
2016
Net income (loss) attributable to Franklin Resources, Inc.
 
$
(583.3
)
 
$
440.2

Less: allocation of earnings to participating nonvested stock and stock unit awards
 
1.0

 
3.0

Net Income (Loss) Available to Common Stockholders
 
$
(584.3
)
 
$
437.2

 
 
 
 
 
Weighted-average shares outstanding – basic
 
550.7

 
565.1

Dilutive effect of nonparticipating nonvested stock unit awards
 
—

 
0.1

Weighted-Average Shares Outstanding – Diluted
 
550.7

 
565.2

 
 
 
 
 
Earnings (Loss) per Share
 
 
 
 
Basic
 
$
(1.06
)
 
$
0.77

Diluted
 
(1.06
)
 
0.77


Nonparticipating nonvested stock unit awards excluded from the calculation of diluted earnings (loss) per share because their effect would have been antidilutive were 1.9 million and 0.7 million for the three months ended December 31, 2017 and 2016.