Share-based Compensation

9 Months Ended

Jun. 30, 2019

Note 11—Share-based Compensation

The Company granted the following equity awards to employees and non-employee directors under the 2007 Equity Incentive Compensation Plan, or the EIP, during the nine months ended June 30, 2019:



	Granted	Weighted-Average Grant Date Fair Value		Weighted-Average Exercise Price
Non-qualified stock options	1,109,645	$	25.89	$	134.76
Restricted stock units (“RSUs”)	2,706,680	$	136.21
Performance-based shares⁽¹⁾	540,538	$	153.42


⁽¹⁾	Represents the maximum number of performance-based shares which could be earned.

The Company’s non-qualified stock options and RSUs are equity awards with service-only conditions and are accordingly expensed on a straight-line basis over the vesting period. The Company’s performance-based shares are equity awards with service, market and performance conditions that are accounted for using the graded-vesting method. The Company recorded share-based compensation cost related to the EIP of $106 million and $307 million for the three and nine months ended June 30, 2019, respectively, and $85 million and $231 million for the three and nine months ended June 30, 2018, respectively, net of estimated forfeitures, which are adjusted as appropriate.