Earnings Per Share (Tables)

12 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following is the summary of basic and diluted EPS for the years ended September 30:

(In millions, except per share data)	2019		2018		2017
Numerator
Net income	$	208	$	166	$	304
Denominator
Weighted average shares common shares outstanding	189		197		204
Effect of potentially dilutive securities (a)	—		—		—
Weighted average diluted shares outstanding	189		197		204
Earnings per share
Basic	$	1.10	$	0.84	$	1.49
Diluted	$	1.10	$	0.84	$	1.49

(a)During the year ended September 30, 2017, share-based awards that were previously denominated in Ashland common stock were converted to Valvoline common stock concurrent with the Distribution. There was not a significant dilutive impact in any year from potential common shares associated with the Company's share-based awards.