EARNINGS PER SHARE

12 Months Ended

Sep. 30, 2025

The following table presents the computation of basic and diluted earnings per common share.


	Year ended September 30,
$ in millions, except per share amounts	2025		2024		2023
Income for basic earnings per common share:
Net income available to common shareholders	$	2,130	$	2,063	$	1,733
Less allocation of earnings and dividends to participating securities	(3)		(4)		(5)
Net income available to common shareholders after participating securities	$	2,127	$	2,059	$	1,728
Income for diluted earnings per common share:
Net income available to common shareholders	$	2,130	$	2,063	$	1,733
Less allocation of earnings and dividends to participating securities	(3)		(4)		(5)
Net income available to common shareholders after participating securities	$	2,127	$	2,059	$	1,728
Common shares:
Average common shares in basic computation	202.0		207.1		211.8
Dilutive effect of outstanding stock options and certain RSUs	4.6		5.2		5.1
Average common and common equivalent shares used in diluted computation	206.6		212.3		216.9
Earnings per common share:
Basic	$	10.53	$	9.94	$	8.16
Diluted	$	10.30	$	9.70	$	7.97
Stock options and certain RSUs excluded from weighted-average diluted common shares because their effect would be antidilutive	0.1		0.1		0.5

The allocation of earnings and dividends to participating securities in the preceding table represents dividends paid during the year to participating securities, consisting of RSAs and certain RSUs, plus an allocation of undistributed earnings to such participating securities. Participating securities and related dividends paid on these participating securities were insignificant for the years ended September 30, 2025, 2024 and 2023. Undistributed earnings are allocated to participating securities based upon their right to share in earnings as if all earnings for the period had been distributed.