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Stock-Based Compensation (Tables)

9 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Activity

A summary of the stock-based awards granted is presented below:

			Nine Months Ended June 30,
			2023																		2022
			Number Granted						Weighted Average Grant Date Fair Value												Number Granted						Weighted Average Grant Date Fair Value
Restricted stock/units			1,799,240						$	66.28											1,431,550						$	75.62
Performance shares			339,191						79.54												482,030						82.88
Stock options			570,140						18.21												548,398						18.59

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

The following table summarizes the assumptions used in determining the fair value of performance share units granted:

			Nine Months Ended June 30,
			2023						2022
Risk-free interest rate			4.04%						0.99%
Expected volatility of the Company’s stock			33.5%						30.0%

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

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

			Nine Months Ended June 30,
			2023						2022
Expected life of option (years)			5.8						6.0
Risk-free interest rate			3.59%						1.35%
Expected volatility of the Company’s stock			29.4%						27.8%
Expected dividend yield on the Company’s stock			2.10%						1.71%

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Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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