Stock-Based Compensation (Tables)

3 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Activity

A summary of the stock-based awards granted is presented below:

	Three Months Ended December 31,
	2022			2021
	Number Granted	Weighted Average Grant Date Fair Value		Number Granted	Weighted Average Grant Date Fair Value
Restricted stock/units	1,614,493	$	66.73	1,170,634	$	79.54
Performance shares	339,191	79.54		438,476	84.27
Stock options	570,140	18.21		548,398	18.59

Schedule of Share-Based Payment Award, Performance Share, Valuation Assumptions

The following table summarizes the assumptions used in determining the fair value of performance share units granted:

	Three Months Ended December 31,
	2022	2021
Risk-free interest rate	4.04%	0.99%
Expected volatility of the Company’s stock	33.5%	30.0%

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

	Three Months Ended December 31,
	2022	2021
Expected life of option (years)	5.8	6.0
Risk-free interest rate	3.59%	1.35%
Expected volatility of the Company’s stock	29.4%	27.8%
Expected dividend yield on the Company’s stock	2.10%	1.71%