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Earnings Per Share (Tables)

6 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents earnings per share for the three months ended March 31, 2023:

			Basic Earnings Per Share																		Diluted Earnings Per Share
			Income Allocation (A)(1)						Weighted- Average Shares Outstanding (B)						Earnings per Share = (A)/(B)(2)						Income Allocation (A)(1)						Weighted- Average Shares Outstanding (B)						Earnings per Share = (A)/(B)(2)
			(in millions, except per share data)
Class A common stock			$	3,307					1,624						$	2.04					$	4,257					2,093			(3)			$	2.03
Class B common stock			800						245						$	3.26					$	799					245						$	3.25
Class C common stock			79						10						$	8.15					$	79					10						$	8.14
Participating securities			71						Not presented						Not presented						$	71					Not presented						Not presented
Net income			$	4,257

The following table presents earnings per share for the six months ended March 31, 2023:

			Basic Earnings Per Share																		Diluted Earnings Per Share
			Income Allocation (A)(1)						Weighted- Average Shares Outstanding (B)						Earnings per Share = (A)/(B)(2)						Income Allocation (A)(1)						Weighted- Average Shares Outstanding (B)						Earnings per Share = (A)/(B)(2)
			(in millions, except per share data)
Class A common stock			$	6,549					1,627						$	4.03					$	8,436					2,098			(3)			$	4.02
Class B common stock			1,584						245						$	6.45					$	1,582					245						$	6.44
Class C common stock			157						10						$	16.10					$	156					10						$	16.09
Participating securities			146						Not presented						Not presented						$	146					Not presented						Not presented
Net income			$	8,436

The following table presents earnings per share for the three months ended March 31, 2022:

			Basic Earnings Per Share																		Diluted Earnings Per Share
			Income Allocation (A)(1)						Weighted- Average Shares Outstanding (B)						Earnings per Share = (A)/(B)(2)						Income Allocation (A)(1)						Weighted- Average Shares Outstanding (B)						Earnings per Share = (A)/(B)(2)
			(in millions, except per share data)
Class A common stock			$	2,819					1,654						$	1.70					$	3,647					2,142			(3)			$	1.70
Class B common stock			677						245						$	2.76					$	676					245						$	2.75
Class C common stock			69						10						$	6.82					$	69					10						$	6.81
Participating securities			82						Not presented						Not presented						$	81					Not presented						Not presented
Net income			$	3,647

The following table presents earnings per share for the six months ended March 31, 2022:

			Basic Earnings Per Share																		Diluted Earnings Per Share
			Income Allocation (A)(1)						Weighted- Average Shares Outstanding (B)						Earnings per Share = (A)/(B)(2)						Income Allocation (A)(1)						Weighted- Average Shares Outstanding (B)						Earnings per Share = (A)/(B)(2)
			(in millions, except per share data)
Class A common stock			$	5,884					1,662						$	3.54					$	7,606					2,150			(3)			$	3.54
Class B common stock			1,409						245						$	5.74					$	1,407					245						$	5.73
Class C common stock			143						10						$	14.16					$	143					10						$	14.15
Participating securities			170						Not presented						Not presented						$	169					Not presented						Not presented
Net income			$	7,606

(1)The weighted-average number of shares of as-converted class B common stock used in the income allocation was 393 million for the three and six months ended March 31, 2023, and 397 million and 398 million for the three and six months ended March 31, 2022, respectively. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 39 million for the three and six months ended March 31, 2023 and 40 million for the three and six months ended March 31, 2022. The weighted-average number of shares of preferred stock included within participating securities was 10 million and 11 million of as-converted series A preferred stock for the three and six months ended March 31, 2023, respectively, and 6 million of as-converted series A preferred stock for the three and six months ended March 31, 2022, 7 million of as-converted series B preferred stock for the three and six months ended March 31, 2023 and 16 million of as-converted series B preferred stock for the three and six months ended March 31, 2022, and 11 million of as-converted series C preferred stock for the three and six months ended March 31, 2023 and 22 million of as-converted series C preferred stock for the three and six months ended March 31, 2022.

(2)Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share are calculated based on unrounded numbers.

(3)Weighted-average diluted shares outstanding are calculated on an as-converted basis and include incremental common stock equivalents, as calculated under the treasury stock method. The common stock equivalents are not material for the three and six months ended March 31, 2023 and 2022.

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- References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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