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EARNINGS PER COMMON SHARE
12 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE
The following table presents information necessary to calculate basic and diluted income per Common Share.  
 
Year Ended September 30,
 
2018
 
2017
 
2016
 
(In millions, except per share data)
Income from continuing operations
$
127.6

 
$
198.3

 
$
246.1

Net (income) loss attributable to noncontrolling interest

 
(0.5
)
 
0.5

Income attributable to controlling interest from continuing operations
127.6

 
197.8

 
246.6

Income (loss) from discontinued operations, net of tax
(63.9
)
 
20.5

 
68.7

Net income attributable to controlling interest
$
63.7

 
$
218.3

 
$
315.3

BASIC INCOME PER COMMON SHARE:
 
 
 
 
 
Weighted-average Common Shares outstanding
during the period
56.2

 
59.4

 
61.1

Income from continuing operations
$
2.27

 
$
3.33

 
$
4.04

Income (loss) from discontinued operations
(1.14
)
 
0.35

 
1.12

Net income
$
1.13

 
$
3.68

 
$
5.16

DILUTED INCOME PER COMMON SHARE:
 
 
 
 
 
Weighted-average Common Shares outstanding
during the period
56.2

 
59.4

 
61.1

Dilutive potential Common Shares
0.9

 
0.8

 
0.9

Weighted-average number of Common Shares outstanding and dilutive potential Common Shares
57.1

 
60.2

 
62.0

Income from continuing operations
$
2.23

 
$
3.29

 
$
3.98

Income (loss) from discontinued operations
(1.11
)
 
0.34

 
1.11

Net income
$
1.12

 
$
3.63

 
$
5.09


Stock options with exercise prices greater than the average market price of the underlying Common Shares are excluded from the computation of diluted income per Common Share because they are out-of-the-money and the effect of their inclusion would be anti-dilutive. There were no Common Shares covered by out-of-the-money options for the year ended September 30, 2018 or September 30, 2017, and there were 0.2 million Common Shares covered by out-of-the-money options for the year ended September 30, 2016.