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Stock-Based Compensation (Tables)

12 Months Ended

Sep. 30, 2022

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,
						2022						2021						2020
Compensation expense						$	104					$	97					$	66
Income tax benefit resulting from share-based compensation arrangements						26						24						16
Tax impact from exercise and vesting of equity settled awards						12						12						—

Summary of Nonvested Restricted Stock Awards

A summary of non-vested restricted stock awards at September 30, 2022, and changes for the year then ended, is presented below:

			Weighted Average Price						Shares/Units Subject to Restriction
Non-vested, September 30, 2021			$	44.06					3,334,437
Granted			74.63						1,508,550
Vested			42.52						(1,497,497)
Forfeited			56.58						(396,296)
Non-vested, September 30, 2022			$	58.78					2,949,194

Schedule of Share-Based Payment Award, Performance Share, Valuation Assumptions

The following table summarizes the assumptions used in determining the fair value of stock options granted:

			Year Ended September 30,
			2022						2021						2020
Risk-free interest rate			0.99%						0.20%						1.60%
Expected volatility of the Company’s stock			30.00%						30.90%						21.80%

Summary of Nonvested PSUs

A summary of the status of the Company’s non-vested PSUs at September 30, 2022, and changes for the year then ended, is presented below:

			Weighted Average Price						Shares/Units Subject to PSU
Non-vested, September 30, 2021			$	43.11					1,196,318
Granted			82.88						482,030
Vested			36.35						(402,465)
Forfeited			60.02						(132,812)
Non-vested, September 30, 2022			$	60.30					1,143,071

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,
			2022						2021						2020
Expected life of option (years)			6.0						6.5						6.5
Risk-free interest rate			1.35%						0.60%						1.67%
Expected volatility of the Company’s stock			27.80%						27.60%						22.40%
Expected dividend yield on the Company’s stock			1.71%						2.28%						2.49%

Summary of Stock Option Activity

A summary of stock option activity at September 30, 2022, 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, 2021			$	38.84					5,951,011
Granted			79.54						548,398
Exercised			33.77						(542,903)
Forfeited or expired			50.97						(272,659)
Outstanding, September 30, 2022			$	42.46					5,683,847						5.7						$	52
Exercisable, September 30, 2022			$	37.86					4,082,897						4.1						$	47

The following table summarizes additional stock option information:

						Year Ended September 30,
						2022						2021						2020
Weighted-average grant-date fair value of options granted						$	18.59					$	9.36					$	7.29
Intrinsic value of options exercised (in millions)						19						94						30

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