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v3.26.1

SHAREHOLDERS' EQUITY (Tables) | 9 Months Ended
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Jun. 30, 2026
Equity [Abstract] |
Schedule of Stock by Class | The following table details the shares outstanding, carrying value, and aggregate liquidation preference of our preferred stock.
$ in millions |  | June 30, 2026 |  | September 30, 2025
Series B Preferred Stock: |  |  |  |
Shares outstanding |  | — |  | 80,500
Carrying value |  | $ | — |  |  | $ | 79 |
Aggregate liquidation preference |  | $ | — |  |  | $ | 81 |
Dividends Declared and Paid | The following table details dividends declared and dividends paid on our Series B Preferred Stock for the three and nine months ended June 30, 2026 and 2025.
|  | Three months ended June 30, |  | Nine months ended June 30,
$ in millions, except per share amounts |  | 2026 |  | 2025 |  | 2026 |  | 2025
Dividends declared: |  |  |  |  |  |  |  |
Total dividends declared (1) |  | $ | — |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 4 |
Dividends declared per preferred share |  | $ | — |  |  | $ | 15.94 |  |  | $ | 15.94 |  |  | $ | 47.82 |
Dividends paid: |  |  |  |  |  |  |  |
Total dividends paid (1) |  | $ | — |  |  | $ | 1 |  |  | $ | 4 |  |  | $ | 4 |
Dividends paid per preferred share |  | $ | — |  |  | $ | 15.94 |  |  | $ | 31.88 |  |  | $ | 47.82 |
(1)Preferred stock dividends on our Condensed Consolidated Statements of Income and Comprehensive Income for the nine months ended June 30, 2026 included the $2 million excess of the redemption value of our Series B Preferred Stock over the carrying value, which was reported as an increase to preferred dividends and reduced net income available to common shareholders. Dividends per common share declared and paid are detailed in the following table for each respective period.
|  | Three months ended June 30, |  | Nine months ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Dividends per common share - declared |  | $ | 0.54 |  |  | $ | 0.50 |  |  | $ | 1.62 |  |  | $ | 1.50 |
Dividends per common share - paid |  | $ | 0.54 |  |  | $ | 0.50 |  |  | $ | 1.58 |  |  | $ | 1.45 |
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 June 30, |  | Nine months ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Dividend payout ratio |  | 17.9 | % |  | 23.6 | % |  | 19.0 | % |  | 20.4 | %
Schedule of Common Stock Outstanding Roll Forward | The following table presents the changes in our common shares outstanding for the three and nine months ended June 30, 2026 and 2025.
|  | Three months ended June 30, |  | Nine months ended June 30,
Shares in millions |  | 2026 |  | 2025 |  | 2026 |  | 2025
Balance beginning of period |  | 194.6 |  |  | 203.1 |  |  | 198.1 |  |  | 203.3 |
Repurchases of common stock under the Board of Directors’ common stock repurchase authorization |  | (2.6) |  |  | (3.3) |  |  | (7.7) |  |  | (5.3) |
Issuances due to vesting of RSUs, employee stock purchases, and exercise of stock options, net of forfeitures |  | 0.1 |  |  | 0.2 |  |  | 1.7 |  |  | 2.0 |
Balance end of period |  | 192.1 |  |  | 200.0 |  |  | 192.1 |  |  | 200.0 |
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 June 30, 2026 |  |  |  |  |  |  |  |  |  |  |  |
AOCI as of beginning of period |  | $ | 190 |  |  | $ | (205) |  |  | $ | (15) |  |  | $ | (358) |  |  | $ | 5 |  |  | $ | (368) |
OCI: |  |  |  |  |  |  |  |  |  |  |  |
OCI before reclassifications and taxes |  | 29 |  |  | (25) |  |  | 4 |  |  | (13) |  |  | 1 |  |  | (8) |
Amounts reclassified from AOCI, before tax |  | — |  |  | — |  |  | — |  |  | — |  |  | (2) |  |  | (2) |
Pre-tax net OCI |  | 29 |  |  | (25) |  |  | 4 |  |  | (13) |  |  | (1) |  |  | (10) |
Income tax effect |  | (6) |  |  | — |  |  | (6) |  |  | 3 |  |  | — |  |  | (3) |
OCI for the period, net of tax |  | 23 |  |  | (25) |  |  | (2) |  |  | (10) |  |  | (1) |  |  | (13) |
AOCI as of end of period |  | $ | 213 |  |  | $ | (230) |  |  | $ | (17) |  |  | $ | (368) |  |  | $ | 4 |  |  | $ | (381) |
Nine months ended June 30, 2026 |  |  |  |  |  |  |  |  |  |  |  |
AOCI as of beginning of period |  | $ | 184 |  |  | $ | (196) |  |  | $ | (12) |  |  | $ | (391) |  |  | $ | 7 |  |  | $ | (396) |
OCI: |  |  |  |  |  |  |  |  |  |  |  |
OCI before reclassifications and taxes |  | 38 |  |  | (34) |  |  | 4 |  |  | 31 |  |  | 3 |  |  | 38 |
Amounts reclassified from AOCI, before tax |  | — |  |  | — |  |  | — |  |  | — |  |  | (7) |  |  | (7) |
Pre-tax net OCI |  | 38 |  |  | (34) |  |  | 4 |  |  | 31 |  |  | (4) |  |  | 31 |
Income tax effect |  | (9) |  |  | — |  |  | (9) |  |  | (8) |  |  | 1 |  |  | (16) |
OCI for the period, net of tax |  | 29 |  |  | (34) |  |  | (5) |  |  | 23 |  |  | (3) |  |  | 15 |
AOCI as of end of period |  | $ | 213 |  |  | $ | (230) |  |  | $ | (17) |  |  | $ | (368) |  |  | $ | 4 |  |  | $ | (381) |
Three months ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
AOCI as of beginning of period |  | $ | 205 |  |  | $ | (263) |  |  | $ | (58) |  |  | $ | (496) |  |  | $ | 8 |  |  | $ | (546) |
OCI: |  |  |  |  |  |  |  |  |  |  |  |
OCI before reclassifications and taxes |  | (60) |  |  | 104 |  |  | 44 |  |  | 71 |  |  | — |  |  | 115 |
Amounts reclassified from AOCI, before tax |  | — |  |  | — |  |  | — |  |  | — |  |  | (4) |  |  | (4) |
Pre-tax net OCI |  | (60) |  |  | 104 |  |  | 44 |  |  | 71 |  |  | (4) |  |  | 111 |
Income tax effect |  | 14 |  |  | — |  |  | 14 |  |  | (18) |  |  | 1 |  |  | (3) |
OCI for the period, net of tax |  | (46) |  |  | 104 |  |  | 58 |  |  | 53 |  |  | (3) |  |  | 108 |
AOCI as of end of period |  | $ | 159 |  |  | $ | (159) |  |  | $ | — |  |  | $ | (443) |  |  | $ | 5 |  |  | $ | (438) |
Nine months ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
AOCI as of beginning of period |  | $ | 145 |  |  | $ | (169) |  |  | $ | (24) |  |  | $ | (485) |  |  | $ | 7 |  |  | $ | (502) |
OCI: |  |  |  |  |  |  |  |  |  |  |  |
OCI before reclassifications and taxes |  | 19 |  |  | 10 |  |  | 29 |  |  | 52 |  |  | 13 |  |  | 94 |
Amounts reclassified from AOCI, before tax |  | — |  |  | — |  |  | — |  |  | 2 |  |  | (16) |  |  | (14) |
Pre-tax net OCI |  | 19 |  |  | 10 |  |  | 29 |  |  | 54 |  |  | (3) |  |  | 80 |
Income tax effect |  | (5) |  |  | — |  |  | (5) |  |  | (12) |  |  | 1 |  |  | (16) |
OCI for the period, net of tax |  | 14 |  |  | 10 |  |  | 24 |  |  | 42 |  |  | (2) |  |  | 64 |
AOCI as of end of period |  | $ | 159 |  |  | $ | (159) |  |  | $ | — |  |  | $ | (443) |  |  | $ | 5 |  |  | $ | (438) |

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