SHARE-BASED COMPENSATION

6 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION

We have one share-based compensation plan, The Amended and Restated 2012 Stock Incentive Plan (“the Plan”), for our employees, Board of Directors and independent contractor financial advisors. Generally, we reissue our treasury shares under the Plan; however, we are also permitted to issue new shares. The majority of our share-based compensation awards are issued during the fiscal first quarter of each year.  Our share-based compensation accounting policies are described in Note 2 of our 2021 Form 10-K.  Other information related to our share-based awards is presented in Note 23 of our 2021 Form 10-K.

During the three and six months ended March 31, 2022, we granted approximately 550 thousand and 2.9 million RSUs, respectively, with a weighted-average grant-date fair value of $107.06 and $98.86, respectively, compared with approximately 225 thousand and 2.3 million RSUs granted during the three and six months ended March 31, 2021 with a weighted-average grant-date fair value of $77.82 and $62.42, respectively (as adjusted for the September 21, 2021 three-for-two stock split described in Note 1 of this Form 10-Q). For the three and six months ended March 31, 2022, total share-based compensation amortization related to RSUs was $41 million and $105 million, respectively, compared with $30 million and $72 million for the three and six months ended March 31, 2021, respectively.

As of March 31, 2022, there were $348 million of total pre-tax compensation costs not yet recognized (net of estimated forfeitures) related to RSUs, including those granted during the six months ended March 31, 2022. These costs are expected to be recognized over a weighted-average period of 3.2 years.