Earnings Per Share (Tables)

9 Months Ended

Jun. 30, 2023

Schedule of Earnings Per Share, Basic and Diluted

The following table summarizes basic and diluted earnings per share:


	Three months ended June 30				Nine months ended June 30

(In millions, except per share amounts)	2023		2022		2023		2022
Numerator
Income from continuing operations	$	64.5	$	39.8	$	124.4	$	97.0
(Loss) income from discontinued operations	(2.9)		58.4		1,246.4		169.6
Net income	$	61.6	$	98.2	$	1,370.8	$	266.6

Denominator
Weighted average common shares outstanding	161.5		178.6		169.5		179.6
Effect of potentially dilutive securities (a)	1.0		1.2		1.1		1.3
Weighted average diluted shares outstanding	162.5		179.8		170.6		180.9

Basic earnings (loss) per share
Continuing operations	$	0.40	$	0.22	$	0.74	$	0.54
Discontinued operations	(0.02)		0.33		7.35		0.94
Basic earnings per share	$	0.38	$	0.55	$	8.09	$	1.48

Diluted earnings (loss) per share
Continuing operations	$	0.40	$	0.22	$	0.73	$	0.53
Discontinued operations	(0.02)		0.33		7.31		0.94
Diluted earnings per share	$	0.38	$	0.55	$	8.04	$	1.47

(a)There were 0.1 million and 0.2 million outstanding stock appreciation rights not included in the computation of diluted earnings per share in the three months ended June 30, 2023 and 2022, respectively, and 0.2 million for both the nine months ended June 30, 2023 and 2022 because the effect would have been antidilutive.