XML 90 R67.htm IDEA: XBRL DOCUMENT v3.24.3
Capitalization and Short-Term Borrowings - Narrative (Details)
12 Months Ended
May 18, 2023
USD ($)
Sep. 30, 2024
USD ($)
$ / shares
shares
Sep. 30, 2023
USD ($)
$ / shares
shares
Sep. 30, 2022
USD ($)
$ / shares
shares
May 31, 2024
USD ($)
bank
Apr. 01, 2024
USD ($)
Mar. 08, 2024
USD ($)
Feb. 29, 2024
bank
Feb. 14, 2024
USD ($)
lender
Feb. 28, 2022
USD ($)
bank
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Common stock issued for 401(k) plans (in shares) | shares   0                
Common stock issued for the Direct Stock Purchase and Dividend Reinvestment Plan (in shares) | shares   0                
Stock repurchase program, authorized amount             $ 200,000,000      
Stock-based compensation expense   $ 19,800,000 $ 18,600,000 $ 17,600,000            
Tax benefit related to stock-based compensation expense   2,500,000 2,400,000 2,500,000            
Capitalized stock-based compensation costs   100,000 100,000 100,000            
Tax benefit related to stock-based compensation exercises and vestings   $ 300,000                
Number of shares available for future grant (in shares) | shares   3,889,027                
Preferred stock shares authorized (in shares) | shares   10,000,000                
Preferred stock par value (in dollars per share) | $ / shares   $ 1                
Net proceeds from issuance of long-term debt   $ 299,359,000 297,306,000 0            
Repayments of short-term borrowings   0 250,000,000 $ 0            
Principal amounts of long-term debt maturing in 2025   500,000,000                
Principal amounts of long-term debt maturing in 2026   800,000,000.0                
Principal amounts of long-term debt maturing in 2027   600,000,000.0                
Principal amounts of long-term debt maturing in 2028   300,000,000.0                
Principal amounts of long-term debt maturing in 2029   0                
Principal amounts of long-term debt maturing after 2029   500,000,000.0                
Commercial paper, outstanding   90,700,000 287,500,000              
Short-term notes payable outstanding to banks   $ 0 0              
Committed debt to capitalization ratio   0.65                
Ceiling test impairment adjustment (as a percent)   50.00%                
Ceiling test impairment maximum adjustment   $ 400,000,000                
Cumulative after-tax ceiling test impairments since July 1, 2018   717,900,000                
Committed credit facility debt to capitalization ratio ceiling test impairment adjustment   358,900,000                
Debt to capitalization ratio maximum excluded unrealized gains or losses on other derivative financial instruments in AOCI   $ 10,000,000                
Debt to capitalization ratio   0.47                
Permitted additional short-term and/or long-term debt to be outstanding under the Credit Agreement   $ 3,070,000,000.00                
Aggregated indebtedness   $ 40,000,000.0                
Indenture Test Period   12 months                
Indenture period before debt issuance   15 months                
Maximum long-term debt to consolidated asset ratio under indenture (as a percent)   60.00%                
Stock And Benefit Plans                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Shares repurchased (in shares) | shares   78,141                
Share Repurchase Plan                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Shares repurchased (in shares) | shares   1,146,259                
Share repurchase program, average price per share (in USD per share) | $ / shares   $ 56.32                
Share Repurchases   $ 65,200,000                
364-Day Credit Agreement                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Repayments of short-term borrowings     $ 250,000,000              
Credit Agreement                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Maximum borrowing capacity         $ 1,000,000,000         $ 1,000,000,000
Number of banks in syndicate | bank         3     11   12
Term Loan Agreement                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Long-term debt, face amount           $ 300,000,000        
Net proceeds from issuance of long-term debt   $ 299,400,000                
Rate adjustment to SOFR   0.0010                
Spread on variable rate   1.375%                
Debt instruments, number of lenders | lender                 6  
Maximum borrowing capacity                 $ 300,000,000  
Commercial Paper                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Amount available to be issued under commercial paper program   $ 500,000,000.0                
Weighted average interest rate   5.30% 6.13%              
5.50% Notes Due October 1, 2026                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Long-term debt, face amount $ 300,000,000 $ 300,000,000                
Net proceeds from issuance of long-term debt $ 297,300,000                  
Long-term debt, interest rate 5.50% 5.50%                
Indenture From 1974                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Carrying amount of long-term debt under 1974 indenture   $ 50,000,000                
Interest payments Remaining   $ 3,200,000                
Board Of Directors                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Common stock issued (in shares) | shares   36,078                
Officer DCP Plan                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Common stock issued (in shares) | shares   8,318                
Restricted Stock Units (RSUs)                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Common stock issued (in shares) | shares   115,337                
Performance Shares                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Common stock issued (in shares) | shares   251,255                
Number of shares granted (in shares) | shares   361,729 202,259 195,397            
Weighted average fair value of award (in dollars per share) | $ / shares   $ 44.23 $ 64.28 $ 65.39            
Unrecognized compensation expense   $ 15,700,000                
Unrecognized compensation expense recognized weighted average period   2 years 4 months 24 days                
Performance Shares | 2025                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Non-vested stock-based compensation lapse (in shares) | shares   177,118                
Performance Shares | 2026                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Non-vested stock-based compensation lapse (in shares) | shares   188,767                
Performance Shares | 2027                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Non-vested stock-based compensation lapse (in shares) | shares   297,392                
Performance Shares | 2028                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Non-vested stock-based compensation lapse (in shares) | shares   0                
Performance Shares | 2029                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Non-vested stock-based compensation lapse (in shares) | shares   0                
Performance Shares | Thereafter                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Non-vested stock-based compensation lapse (in shares) | shares   56,300                
Non-Performance Based Restricted Stock Units (RSUs)                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Number of shares granted (in shares) | shares   220,778 133,173 128,950            
Weighted average fair value of award (in dollars per share) | $ / shares   $ 42.44 $ 58.10 $ 54.10            
Unrecognized compensation expense   $ 9,200,000                
Unrecognized compensation expense recognized weighted average period   3 years                
Non-Performance Based Restricted Stock Units (RSUs) | 2025                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Non-vested stock-based compensation lapse (in shares) | shares   129,688                
Non-Performance Based Restricted Stock Units (RSUs) | 2026                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Non-vested stock-based compensation lapse (in shares) | shares   111,557                
Non-Performance Based Restricted Stock Units (RSUs) | 2027                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Non-vested stock-based compensation lapse (in shares) | shares   86,667                
Non-Performance Based Restricted Stock Units (RSUs) | 2028                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Non-vested stock-based compensation lapse (in shares) | shares   34,757                
Non-Performance Based Restricted Stock Units (RSUs) | 2029                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Non-vested stock-based compensation lapse (in shares) | shares   19,228                
Non-Performance Based Restricted Stock Units (RSUs) | Thereafter                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Non-vested stock-based compensation lapse (in shares) | shares   56,296                
ROC Performance Shares | Three Year Performance Cycle                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Performance shares calculation period   3 years 3 years 3 years            
ROC Performance Shares | Five Year Performance Cycle                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Performance shares calculation period   5 years 5 years 5 years            
ESG Performance Shares | Three Year Performance Cycle                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Performance shares calculation period   3 years 3 years 3 years            
TSR Performance Shares | Three Year Performance Cycle                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Performance shares calculation period   3 years 3 years 3 years            
TSR Performance Shares | Five Year Performance Cycle                    
Schedule of Capitalization, Long-Term Debt and Equity [Line Items]                    
Performance shares calculation period   5 years 5 years 5 years