Earnings Per Share

9 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The following table summarizes basic and diluted earnings per share:

	Three months ended				Nine months ended
	June 30				June 30
(In millions, except per share amounts)	2021		2020		2021		2020
Numerator
Net income	$	97	$	59	$	252	$	195
Denominator
Weighted average common shares outstanding	182		186		183		187
Effect of potentially dilutive securities (a)	1		—		1		1
Weighted average diluted shares outstanding	183		186		184		188
Earnings per share
Basic	$	0.53	$	0.32	$	1.38	$	1.04
Diluted	$	0.53	$	0.32	$	1.37	$	1.04

(a)There were approximately 2 million and 1 million outstanding securities, primarily stock appreciation rights, not included in the computation of diluted earnings per share for the three and nine months ended June 30, 2020, respectively, because the effect would have been antidilutive.