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Stockholders' Equity (Tables) | 12 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Schedule of Common Stock as Converted | The number of shares of each series and class, and the number of shares of class A common stock on an as-converted basis were as follows:
| September 30,
| 2023 |  | 2022
| Shares Outstanding |  | Conversion Rate Into Class A Common Stock |  | As-converted Class A Common Stock(1) |  | Shares Outstanding |  | Conversion Rate Into Class A Common Stock |  | As-converted Class A Common Stock(1)
| (in millions, except conversion rate)
Series A preferred stock | — |  | (2) | 100.0000 |  |  | 7 |  |  | — |  | (2) | 100.0000 |  |  | 16 |
Series B preferred stock | 2 |  |  | 2.9370 |  |  | 7 |  |  | 2 |  |  | 2.9710 |  |  | 7 |
Series C preferred stock | 3 |  |  | 3.6290 |  |  | 11 |  |  | 3 |  |  | 3.6450 |  |  | 12 |
Class A common stock | 1,594 |  |  | — |  |  | 1,594 |  |  | 1,635 |  |  | — |  |  | 1,635 |
Class B common stock | 245 |  |  | 1.5875 |  | (3) | 390 |  |  | 245 |  |  | 1.6059 |  | (3) | 394 |
Class C common stock | 10 |  |  | 4.0000 |  |  | 38 |  |  | 10 |  |  | 4.0000 |  |  | 39 |
Total |  |  |  |  | 2,047 |  |  |  |  |  |  | 2,103 |
(1)Figures in the table may not recalculate exactly due to rounding. As-converted class A common stock is calculated based on unrounded numbers. (2)The number of shares outstanding was less than one million. (3)The class B to class A common stock conversion rate is presented on a rounded basis. Conversion calculations for dividend payments are based on a conversion rate rounded to the tenth decimal.
Effect of U.S. Retrospective Responsibility Plan on the Company Class Common B As-Converted Shares | The following table presents the reduction in the number of as-converted class B common stock after deposits into the U.S. litigation escrow account under the U.S. retrospective responsibility plan for fiscal 2023 and 2022. There was no comparable adjustment recorded for class B common stock for fiscal 2021.
| For the Years Ended September 30,
| 2023 |  | 2022
| (in millions, except per share data)
Reduction in equivalent number of class A common stock | 5 |  |  | 4 |
Effective price per share(1) | $ | 221.33 |  |  | $ | 205.06 |
Deposits into the U.S. litigation escrow account | $ | 1,000 |  |  | $ | 850 |
(1)Effective price per share for the period represents the weighted-average price calculated using the effective prices per share of the respective adjustments made during the period. Effective price per share for each adjustment is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificate of incorporation.
Effect of VE Territory Covered Losses Recovery on the Company Repurchasing its Common Stock | The following table present s the reduction in the number of as-converted series B and C preferred stock after the Company recovered V E territory covered losses through conversion rate adjustments and completed its Sixth Anniversary Release:
| For the Years Ended September 30, |
| 2023 |  | 2022 |  | 2021 |
| Series B |  | Series C |  | Series B |  | Series C |  | Series B |  | Series C |
| (in millions, except per share data) |
Reduction in equivalent number of class A common stock | — |  | (1) | — |  | (1) | 8 |  |  | 10 |  |  | — |  | (1) | — |  | (1)
Effective price per share(2) | $ | 219.12 |  |  | $ | 215.28 |  |  | $ | 197.93 |  |  | $ | 197.50 |  |  | $ | 220.84 |  |  | $ | 220.71 |  |
Recovery through conversion rate adjustment | $ | 19 |  |  | $ | 11 |  |  | $ | 135 |  |  | $ | 6 |  |  | $ | 35 |  |  | $ | 20 |  |
Sixth Anniversary Release | $ | — |  |  | $ | — |  |  | $ | 1,510 |  |  | $ | 1,982 |  |  | $ | — |  |  | $ | — |  |
(1)The reduction in equivalent number of shares of class A common stock was less than one million shares. (2)Effective price per share for the period represents the weighted-average price calculated using the effective price per share of the respective adjustments made during the period. Effective price per share for each adjustment is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificates of designations for its series B and C preferred stock.
Schedule of Share Repurchases in the Open Market | The following table presents share repurchases in the open market:
| For the Years Ended September 30,
| 2023 |  | 2022 |  | 2021
| (in millions, except per share data)
Shares repurchased in the open market(1) | 55 |  |  | 56 |  |  | 40 |
Average repurchase cost per share(2) | $ | 222.27 |  |  | $ | 206.47 |  |  | $ | 219.03 |
Total cost(2) | $ | 12,182 |  |  | $ | 11,589 |  |  | $ | 8,676 |
(1)Shares repurchased in the open market reflect repurchases that settled during fiscal 2023, 2022 and 2021. All sh ares repurchased in the open market have been retired and constitute authorized but unissued shares. (2)Figures in the table may not recalculate exactly due to rounding. Average repurchase cost per share and total cost are calculated based on unrounded numbers and include applicable taxes.

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