Earnings Per Share (Tables)

12 Months Ended

Sep. 30, 2022

The following table presents earnings per share for fiscal 2022:


	Basic Earnings Per Share					Diluted Earnings Per Share
	Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)	Earnings per Share = (A)/(B)(2)		Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)		Earnings per Share = (A)/(B)(2)
	(in millions, except per share data)
Class A common stock	$	11,569	1,651	$	7.01	$	14,957	2,136	(3)	$	7.00
Class B common stock	2,781		245	$	11.33	2,778		245		$	11.31
Class C common stock	280		10	$	28.03	280		10		$	28.00
Participating securities	327		Not presented	Not presented		326		Not presented		Not presented
Net income	$	14,957

The following table presents earnings per share for fiscal 2021:


	Basic Earnings Per Share					Diluted Earnings Per Share
	Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)	Earnings per Share = (A)/(B)(2)		Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)		Earnings per Share = (A)/(B)(2)
	(in millions, except per share data)
Class A common stock	$	9,527	1,691	$	5.63	$	12,311	2,188	(3)	$	5.63
Class B common stock	2,244		245	$	9.14	2,242		245		$	9.13
Class C common stock	237		10	$	22.53	236		10		$	22.51
Participating securities	303		Not presented	Not presented		303		Not presented		Not presented
Net income	$	12,311

The following table presents earnings per share for fiscal 2020:


	Basic Earnings Per Share					Diluted Earnings Per Share
	Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)	Earnings per Share = (A)/(B)(2)		Income Allocation (A)(1)		Weighted- Average Shares Outstanding (B)		Earnings per Share = (A)/(B)(2)
	(in millions, except per share data)
Class A common stock	$	8,310	1,697	$	4.90	$	10,866	2,223	(3)	$	4.89
Class B common stock	1,951		245	$	7.94	1,948		245		$	7.93
Class C common stock	214		11	$	19.58	214		11		$	19.56
Participating securities	391		Not presented	Not presented		391		Not presented		Not presented
Net income	$	10,866

(1)Net income is allocated based on proportional ownership on an as-converted basis. The weighted-average number of shares of as-converted class B common stock used in the income allocation was 397 million for each of fiscal 2022 and 398 million for fiscal 2021 and 2020. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 40 million, 42 million and 44 million for fiscal 2022, 2021 and 2020, respectively. The weighted-average number of shares of preferred stock included within participating securities was 8 million, 12 million and 1 million of as-converted series A preferred stock for fiscal 2022, 2021 and 2020, respectively, 14 million, 16 million and 32 million of as-converted series B preferred stock for fiscal 2022, 2021 and 2020, and 20 million, 22 million and 43 million of as-converted series C preferred stock for fiscal 2022, 2021 and 2020, respectively.

(2)Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share are calculated based on unrounded numbers.

(3)Weighted-average diluted shares outstanding are calculated on an as-converted basis, and include incremental common stock equivalents, as calculated under the treasury stock method. The common stock equivalents are not material for each of fiscal 2022, 2021 and 2020.