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Stock-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount
The following table summarizes stock-based compensation related charges and benefits (in millions):

Year Ended September 30,
202520242023
Compensation expense$126 $100 $101 
Income tax benefit resulting from share-based compensation arrangements19 25 25 
Tax impact from exercise and vesting of equity settled awards14 
Summary of Nonvested Restricted Stock Awards
A summary of non-vested restricted stock awards at September 30, 2025, and changes for the year then ended, is presented below:
Weighted
Average
Price
Shares/Units
Subject to
Restriction
Non-vested, September 30, 2024$59.29 2,904,103 
Granted83.08 1,297,984 
Vested62.59 (1,231,731)
Forfeited65.78 (423,369)
Non-vested, September 30, 2025$69.68 2,546,987 
Schedule of Share-Based Payment Award, Performance Share, Valuation Assumptions
The following table summarizes the assumptions used in determining the fair value of performance share awards granted:
 Year Ended September 30,
 202520242023
Risk-free interest rate4.01%4.21%4.04%
Expected volatility of the Company’s stock28.50%27.20%33.50%
Summary of Nonvested PSUs
A summary of the status of the Company’s non-vested PSU's at September 30, 2025, and changes for the year then ended, is presented below:
Weighted
Average
Price
Shares/Units
Subject to
PSU
Non-vested, September 30, 2024$71.20 795,633 
Granted97.77 375,308 
Vested90.50 (230,999)
Forfeited80.05 (27,178)
Non-vested, September 30, 2025$76.97 912,764 
Assumptions Used in Black-Scholes Option Valuation Model
The following table summarizes the assumptions used in determining the fair value of stock options granted:
 Year Ended September 30,
 202520242023
Expected life of option (years)5.75.75.8
Risk-free interest rate4.07%3.86%3.59%
Expected volatility of the Company’s stock30.20%29.80%29.40%
Expected dividend yield on the Company’s stock1.83%2.77%2.10%
Summary of Stock Option Activity
A summary of stock option activity at September 30, 2025, and changes for the year then ended, is presented below:
Weighted
Average
Option Price
Shares
Subject to
Option
Weighted
Average
Remaining
Contractual
Life (years)
Aggregate
Intrinsic
Value
(in millions)
Outstanding, September 30, 2024$46.51 4,244,782 
Granted82.15 530,251 
Exercised39.99 (2,812,821)
Forfeited or expired67.00 (66,609)
Outstanding, September 30, 2025$65.42 1,895,603 8.07$84 
Exercisable, September 30, 2025$62.05 688,036 7.31$33 
The following table summarizes additional stock option information:
Year Ended September 30,
202520242023
Weighted-average grant-date fair value of options granted$23.97 $13.74 $18.21 
Intrinsic value of options exercised (in millions)130 22 27