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Share Plans (Tables)
12 Months Ended
Sep. 30, 2016
Share Plans  
Share-based compensation expense

                                                                                                                                                                                    

 

 

Fiscal

 

 

 

2016

 

2015

 

2014

 

 

 

(in millions)

 

Share-based compensation expense

 

$

91 

 

$

89 

 

$

77 

 

 

Summary of restricted share award activity

                                                                                                                                                                                    

 

 

Shares

 

Weighted-Average
Grant-Date
Fair Value

 

Nonvested at fiscal year end 2015

 

 

2,790,934

 

$

51.01

 

Granted

 

 

886,663

 

 

64.88

 

Vested

 

 

(1,116,283

)

 

45.46

 

Forfeited

 

 

(274,310

)

 

54.53

 

​  

​  

Nonvested at fiscal year end 2016

 

 

2,287,004

 

$

58.47

 

​  

​  

​  

​  

 

Summary of performance share award activity

                                                                                                                                                                                    

 

 

Shares

 

Weighted-Average
Grant-Date
Fair Value

 

Outstanding at fiscal year end 2015

 

 

700,828

 

$

47.32

 

Granted

 

 

425,861

 

 

55.15

 

Vested

 

 

(444,429

)

 

34.46

 

Forfeited

 

 

(55,635

)

 

56.98

 

​  

​  

Outstanding at fiscal year end 2016

 

 

626,625

 

$

60.56

 

​  

​  

​  

​  

 

Summary of share option award activity.

                                                                                                                                                                                    

 

 

Shares

 

Weighted-Average
Exercise
Price

 

Weighted-Average
Remaining
Contractual
Term

 

Aggregate
Intrinsic
Value

 

 

 

 

 

 

 

(in years)

 

(in millions)

 

Outstanding at fiscal year end 2015

 

 

10,124,875

 

$

40.05

 

 

 

 

 

 

 

Granted

 

 

1,860,800

 

 

65.70

 

 

 

 

 

 

 

Exercised

 

 

(2,480,662

)

 

35.68

 

 

 

 

 

 

 

Expired

 

 

(61,592

)

 

44.20

 

 

 

 

 

 

 

Forfeited

 

 

(339,041

)

 

57.18

 

 

 

 

 

 

 

​  

​  

Outstanding at fiscal year end 2016

 

 

9,104,380

 

$

45.79

 

 

6.3

 

$

172

 

​  

​  

​  

​  

Vested and expected to vest at fiscal year end 2016

 

 

8,739,461

 

$

45.26

 

 

6.3

 

$

170

 

Exercisable at fiscal year end 2016

 

 

5,189,559

 

$

36.16

 

 

4.9

 

$

147

 

 

Weighted-average assumptions

                                                                                                                                                                                    

 

 

Fiscal

 

 

 

2016

 

2015

 

2014

 

Weighted-average grant-date fair value

 

$

14.26 

 

$

18.77 

 

$

16.81 

 

Assumptions:

 

 


 

 

 


 

 

 


 

 

Expected share price volatility

 

 

26 

%

 

36 

%

 

39 

%

Risk free interest rate

 

 

2.0 

%

 

2.0 

%

 

1.8 

%

Expected annual dividend per share

 

$

1.32 

 

$

1.16 

 

$

1.00 

 

Expected life of options (in years)

 

 

5.7 

 

 

6.0 

 

 

6.0