Stockholders' Equity (Tables)

12 Months Ended

Sep. 30, 2024

As-converted class A common stock. The number of shares outstanding, and the number of shares of class A common stock on an as-converted basis were as follows:


	September 30,
	2024					2023
	Shares Outstanding		Conversion Rate Into Class A Common Stock		As-converted Class A Common Stock(1)	Shares Outstanding		Conversion Rate Into Class A Common Stock		As-converted Class A Common Stock(1)
	(in millions, except conversion rate)
Series A preferred stock	—	(2)	100.0000		9	—	(2)	100.0000		7
Series B preferred stock	2		1.0030		2	2		2.9370		7
Series C preferred stock	3		1.7860		6	3		3.6290		11
Class A common stock	1,733		—		1,733	1,594		—		1,594
Class B-1 common stock	5		1.5653	(3)	8	245		1.5875	(3)	390
Class B-2 common stock	120		1.5430	(3)	186	—	(4)	—		—
Class C common stock	10		4.0000		39	10		4.0000		38
Total					1,983					2,047

(1)Figures in the table may not recalculate exactly due to rounding. As-converted class A common stock is calculated based on unrounded numbers.

(2)The number of shares outstanding was less than one million.

(3)The class B-1 and class B-2 to class A common stock conversion calculations for dividend payments are based on a conversion rate rounded to the tenth decimal. Conversion rates are presented on a rounded basis.

(4)No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer. See class B-1 common stock exchange offer below for further details.

Effect of U.S. Retrospective Responsibility Plan on the Company Class Common B As-Converted Shares

The following table presents the reduction in the number of as-converted class B-1 and B-2 common stock after deposits into the U.S. litigation escrow account under the U.S. retrospective responsibility plan:


	For the Years Ended September 30,
	2024		2023		2022
	(in millions, except per share data)
Reduction in equivalent number of class A common stock	5		5		4
Effective price per share(1)	$	274.62	$	221.33	$	205.06
Deposits into the U.S. litigation escrow account	$	1,500	$	1,000	$	850

(1)Effective price per share for the period represents the weighted-average price calculated using the effective prices per share of the respective adjustments made during the period. Effective price per share for each adjustment is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificate of incorporation.

Effect of VE Territory Covered Losses Recovery on the Company Repurchasing its Common Stock

The following table presents the reduction in the number of as-converted series B and C preferred stock after the Company recovered VE territory covered losses through conversion rate adjustments and completed its Eighth Anniversary Release in fiscal 2024 and sixth anniversary release in fiscal 2022 (collectively, Anniversary Releases):


	For the Years Ended September 30,
	2024				2023						2022
	Series B		Series C		Series B			Series C			Series B		Series C
	(in millions, except per share data)

Reduction in equivalent number of class A common stock	5		6		—		(1)	—		(1)	8		10
Effective price per share(2)	$	272.89	$	273.24	$	219.12		$	215.28		$	197.93	$	197.50
Recovery through conversion rate adjustment	$	161	$	20	$	19		$	11		$	135	$	6
Anniversary Releases	$	1,149	$	1,569	$	—		$	—		$	1,510	$	1,982

(1)The reduction in equivalent number of shares of class A common stock was less than one million shares.

(2)Effective price per share for the period represents the weighted-average price calculated using the effective price per share of the respective adjustments made during the period. Effective price per share for each adjustment is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificates of designations for its series B and C preferred stock.

Schedule of Share Repurchases in the Open Market

Common stock repurchases. The following table presents share repurchases in the open market:


	For the Years Ended September 30,
	2024		2023		2022
	(in millions, except per share data)
Shares repurchased in the open market(1)	64		55		56
Average repurchase cost per share(2)	$	266.24	$	222.27	$	206.47
Total cost(2)	$	16,958	$	12,182	$	11,589

(1)Shares repurchased in the open market are retired and constitute authorized but unissued shares.

(2)Figures in the table may not recalculate exactly due to rounding. Average repurchase cost per share and total cost are calculated based on unrounded numbers and include applicable taxes. Shares repurchased in the open market include $90 million unsettled repurchases as of September 30, 2024.