SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Dec. 31, 2022

Equity [Abstract]

Schedule of Stock by Class

The following table details the shares outstanding, carrying value, and aggregate liquidation preference of our preferred stock. For further details regarding our preferred stock see Note 20 of our 2022 Form 10-K.

$ in millions, except share count	December 31, 2022		September 30, 2022
6.75% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock (“Series A Preferred Stock”):
Shares outstanding	40,250		40,250
Carrying value	$	41	$	41
Aggregate liquidation preference	$	40	$	40
6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (“Series B Preferred Stock”):
Shares outstanding	80,500		80,500
Carrying value	$	79	$	79
Aggregate liquidation preference	$	81	$	81

Dividends Declared and Paid

The following table details dividends declared and dividends paid on our Series A and Series B preferred stock for the three months ended December 31, 2022.

$ in millions, except per share amounts	Total dividends		Per preferred share amount
Dividends declared:
Series A Preferred Stock	$	1	$	16.88
Series B Preferred Stock	1		$	15.94
Total preferred stock dividends declared	$	2
Dividends paid:
Series A Preferred Stock	$	1	$	16.88
Series B Preferred Stock	1		$	15.94
Total preferred stock dividends paid	$	2

Dividends per common share declared and paid are detailed in the following table for each respective period.

	Three months ended December 31,
	2022		2021
Dividends per common share - declared	$	0.42	$	0.34
Dividends per common share - paid	$	0.34	$	0.26

Our dividend payout ratio is detailed in the following table for each respective period and is computed by dividing dividends declared per common share by earnings per diluted common share.

	Three months ended December 31,
	2022		2021
Dividend payout ratio	18.3	%	16.2	%

Schedule of AOCI

The following table presents the net change in AOCI as well as the changes, and the related tax effects, of each component of AOCI.

$ in millions	Net investment hedges		Currency translations		Subtotal: net investment hedges and currency translations		Available- for-sale securities		Cash flow hedges		Total
Three months ended December 31, 2022
AOCI as of beginning of period	$	153	$	(276)	$	(123)	$	(902)	$	43	$	(982)
OCI:
OCI before reclassifications and taxes	(19)		60		41		85		2		128
Amounts reclassified from AOCI, before tax	—		—		—		—		(5)		(5)
Pre-tax net OCI	(19)		60		41		85		(3)		123
Income tax effect	5		—		5		(38)		1		(32)
OCI for the period, net of tax	(14)		60		46		47		(2)		91
AOCI as of end of period	$	139	$	(216)	$	(77)	$	(855)	$	41	$	(891)
Three months ended December 31, 2021
AOCI as of beginning of period	$	81	$	(90)	$	(9)	$	(5)	$	(27)	$	(41)
OCI:
OCI before reclassifications and taxes	(2)		1		(1)		(72)		8		(65)
Amounts reclassified from AOCI, before tax	—		—		—		—		4		4
Pre-tax net OCI	(2)		1		(1)		(72)		12		(61)
Income tax effect	1		—		1		17		(3)		15
OCI for the period, net of tax	(1)		1		—		(55)		9		(46)
AOCI as of end of period	$	80	$	(89)	$	(9)	$	(60)	$	(18)	$	(87)