Earnings Per Share

6 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The following table summarizes basic and diluted earnings per share:

	Three months ended				Six months ended
	March 31				March 31
(In millions, except per share data)	2020		2019		2020		2019
Numerator
Net income	$	63	$	63	$	136	$	116
Denominator
Weighted average common shares outstanding	188		189		188		189
Effect of potentially dilutive securities (a)	—		—		1		—
Weighted average diluted shares outstanding	188		189		189		189
Earnings per share
Basic	$	0.33	$	0.33	$	0.72	$	0.61
Diluted	$	0.33	$	0.33	$	0.72	$	0.61

(a)Outstanding securities, primarily stock appreciation rights, were not included the computation of diluted earnings per share because their effect would have been antidilutive. For the three and six months ended March 31, 2020, there were approximately 1 million antidilutive outstanding securities and there were approximately 2 million in the three and six months ended March 31, 2019.