Stock-Based Compensation (Tables)

6 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Activity

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

	Six Months Ended March 31,
	2023			2022
	Number Granted	Weighted Average Grant Date Fair Value		Number Granted	Weighted Average Grant Date Fair Value
Restricted stock/units	1,720,662	$	66.59	1,267,490	$	78.50
Performance shares	339,191	79.54		482,030	82.88
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:

	Six Months Ended March 31,
	2023	2022
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

	Six Months Ended March 31,
	2023	2022
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%