Capitalization And Short-Term Borrowings (Tables)

12 Months Ended

Sep. 30, 2016

Summary of Changes in Common Stock Equity



	Common Stock			Paid In Capital		Earnings Reinvested in the Business				Accumulated Other Comprehensive Income (Loss)
	Shares	Amount
	(Thousands, except per share amounts)
Balance at September 30, 2013	83,662	$	83,662	$	687,684	$	1,442,617			$	(19,234	)
Net Income Available for Common Stock						299,413
Dividends Declared on Common Stock ($1.52 Per Share)						(127,669		)
Other Comprehensive Income, Net of Tax										15,255
Share-Based Payment Expense(2)				10,654
Common Stock Issued Under Stock and Benefit Plans(1)	495	495		17,806
Balance at September 30, 2014	84,157	84,157		716,144		1,614,361				(3,979		)
Net Income (Loss) Available for Common Stock						(379,427		)
Dividends Declared on Common Stock ($1.56 Per Share)						(131,734		)
Other Comprehensive Income, Net of Tax										97,351
Share-Based Payment Expense(2)				2,207
Common Stock Issued Under Stock and Benefit Plans(1)	437	437		25,923
Balance at September 30, 2015	84,594	84,594		744,274		1,103,200				93,372
Net Income (Loss) Available for Common Stock						(290,958		)
Dividends Declared on Common Stock ($1.60 Per Share)						(135,881		)
Other Comprehensive Loss, Net of Tax										(99,012		)
Share-Based Payment Expense(2)				4,843
Common Stock Issued Under Stock and Benefit Plans(1)	525	525		22,047
Balance at September 30, 2016	85,119	$	85,119	$	771,164	$	676,361		(3)	$	(5,640	)


(1)	Paid in Capital includes tax benefits of $1.9 million, $9.1 million and $4.6 million for September 30, 2016, 2015 and 2014, respectively, related to stock-based compensation.


(2)	Paid in Capital includes compensation costs associated with stock option, SARs, performance share and/or restricted stock awards. The expense is included within Net Income Available For Common Stock, net of tax benefits.


(3)	The availability of consolidated earnings reinvested in the business for dividends payable in cash is limited under terms of the indentures covering long-term debt. At September 30, 2016, $532.2 million of accumulated earnings was free of such limitations.

Transactions involving option shares for all plans are summarized as follows:



	Number of Shares Subject to Option		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (In thousands)
Outstanding at September 30, 2015	306,500		$	37.73
Granted in 2016	—		$	—
Exercised in 2016	(287,500	)	$	37.62
Forfeited in 2016	—		$	—
Outstanding at September 30, 2016	19,000		$	39.48	0.19	$	277
Option shares exercisable at September 30, 2016	19,000		$	39.48	0.19	$	277
Option shares available for future grant at September 30, 2016(1)	2,714,005


(1)	Includes shares available for SARs, restricted stock and performance share grants.

Transactions involving SARs for all plans are summarized as follows:



	Number of Shares Subject To Option		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (In thousands)
Outstanding at September 30, 2015	1,732,784		$	48.70
Granted in 2016	—		$	—
Exercised in 2016	(96,796	)	$	52.02
Forfeited in 2016	—		$	—
Expired in 2016	(45,000	)	$	59.48
Outstanding at September 30, 2016	1,590,988		$	48.19	3.94	$	9,356
SARs exercisable at September 30, 2016	1,585,988		$	48.16	3.93	$	9,369

Transactions involving restricted share awards for all plans are summarized as follows:



	Number of Restricted Share Awards		Weighted Average Fair Value per Award
Outstanding at September 30, 2015	60,000		$	47.53
Granted in 2016	—		$	—
Vested in 2016	(5,000	)	$	48.41
Forfeited in 2016	(35,000	)	$	47.46
Outstanding at September 30, 2016	20,000		$	47.46

Transactions involving non-performance based restricted stock units for all plans are summarized as follows:



	Number of Restricted Stock Units		Weighted Average Fair Value per Award
Outstanding at September 30, 2015	236,948		$	59.04
Granted in 2016	101,943		$	35.89
Vested in 2016	(70,233	)	$	58.57
Forfeited in 2016	(29,507	)	$	56.18
Outstanding at September 30, 2016	239,151		$	49.67

Transactions involving performance based restricted stock units for all plans are summarized as follows:



	Number of Performance Based Restricted Stock Units		Weighted Average Fair Value per Award
Outstanding at September 30, 2015	233,487		$	49.61
Granted in 2016	—		$	—
Vested in 2016	—		$	—
Forfeited in 2016	—		$	—
Canceled in 2016	(233,487	)	$	49.61
Outstanding at September 30, 2016	—		$	—

Transactions involving performance shares for all plans are summarized as follows:



	Number of Performance Shares		Weighted Average Fair Value per Award
Outstanding at September 30, 2015	204,742		$	66.17
Granted in 2016	309,996		$	30.71
Vested in 2016	—		$	—
Forfeited in 2016	(76,504	)	$	43.89
Outstanding at September 30, 2016	438,234		$	44.98

The outstanding long-term debt is as follows:



	At September 30
	2016		2015
	(Thousands)
Medium-Term Notes(1):
7.4% due March 2023 to June 2025	$	99,000	$	99,000
Notes(1)(3):
3.75% to 8.75% due April 2018 to July 2025	2,000,000		2,000,000
Total Long-Term Debt	2,099,000		2,099,000
Less Unamortized Discount and Debt Issuance Costs	12,748		14,991
Less Current Portion(2)	—		—
	$	2,086,252	$	2,084,009


(1)	The Medium-Term Notes and Notes are unsecured.


(2)	None of the Company’s long-term debt at September 30, 2016 and 2015 will mature within the following twelve-month period.


(3)	The holders of these notes may require the Company to repurchase their notes at a price equal to 101% of the principal amount in the event of both a change in control and a ratings downgrade to a rating below investment grade.

The following assumptions were used in estimating the fair value of the TSR performance shares at the date of grant:



	Year Ended September 30
	2016		2015		2014
Risk-Free Interest Rate	1.26	%	1.01	%	0.62	%
Remaining Term at Date of Grant (Years)	2.79		2.78		2.78
Expected Volatility	20.5	%	20.1	%	28.3	%
Expected Dividend Yield (Quarterly)	N/A		N/A		N/A