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Stock-Based Compensation (Tables)

12 Months Ended

Sep. 30, 2023

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,
						2023						2022						2021
Compensation expense						$	101					$	104					$	97
Income tax benefit resulting from share-based compensation arrangements						25						26						24
Tax impact from exercise and vesting of equity settled awards						7						12						12

Summary of Nonvested Restricted Stock Awards

A summary of non-vested restricted stock awards at September 30, 2023, and changes for the year then ended, is presented below:

			Weighted Average Price						Shares/Units Subject to Restriction
Non-vested, September 30, 2022			$	58.78					2,949,194
Granted			65.72						2,010,495
Vested			53.55						(1,487,685)
Forfeited			64.14						(664,891)
Non-vested, September 30, 2023			$	64.90					2,807,113

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,
			2023						2022						2021
Risk-free interest rate			4.04%						0.99%						0.20%
Expected volatility of the Company’s stock			33.50%						30.00%						30.90%

Summary of Nonvested PSUs

A summary of the status of the Company’s non-vested PSU's at September 30, 2023, and changes for the year then ended, is presented below:

			Weighted Average Price						Shares/Units Subject to PSU
Non-vested, September 30, 2022			$	60.30					1,143,071
Granted			79.45						344,029
Vested			43.19						(361,117)
Forfeited			71.18						(258,459)
Non-vested, September 30, 2023			$	71.77					867,524

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,
			2023						2022						2021
Expected life of option (years)			5.8						6.0						6.5
Risk-free interest rate			3.59%						1.35%						0.60%
Expected volatility of the Company’s stock			29.40%						27.80%						27.60%
Expected dividend yield on the Company’s stock			2.10%						1.71%						2.28%

Summary of Stock Option Activity

A summary of stock option activity at September 30, 2023, 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, 2022			$	42.46					5,683,847
Granted			66.77						570,140
Exercised			38.17						(1,068,612)
Forfeited or expired			59.31						(265,459)
Outstanding, September 30, 2023			$	45.44					4,919,916						5.75						$	56
Exercisable, September 30, 2023			$	39.11					3,762,092						3.83						$	53

The following table summarizes additional stock option information:

						Year Ended September 30,
						2023						2022						2021
Weighted-average grant-date fair value of options granted						$	18.21					$	18.59					$	9.36
Intrinsic value of options exercised (in millions)						27						19						94

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