Earnings Per Share

9 Months Ended

Jun. 30, 2018

EARNINGS PER SHARE

The following is the computation of basic and diluted earnings per share (“EPS”) for the three and nine months ended June 30, 2018 and 2017. EPS is reported under the treasury stock method.



	Three months ended				Nine months ended
	June 30				June 30
(In millions except per share data)	2018		2017		2018		2017
Numerator
Net income	$	64	$	56	$	121	$	199
Denominator
Weighted average shares used to compute basic EPS	195		204		199		204
Dilutive effect of share-based awards ^(a)	1		—		1		—
Weighted average shares used to compute diluted EPS	196		204		200		204

Earnings per share
Basic	$	0.33	$	0.27	$	0.61	$	0.97
Diluted	$	0.33	$	0.27	$	0.61	$	0.97

(a) During the three and nine months ended June 30, 2017, there was not a significant dilutive impact from potential common shares.