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Stock-Based Compensation (Tables)

12 Months Ended

Sep. 30, 2024

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,
						2024						2023						2022
Compensation expense						$	100					$	101					$	104
Income tax benefit resulting from share-based compensation arrangements						25						25						26
Tax impact from exercise and vesting of equity settled awards						1						7						12

Summary of Nonvested Restricted Stock Awards

A summary of non-vested restricted stock awards at September 30, 2024, and changes for the year then ended, is presented below:

			Weighted Average Price						Shares/Units Subject to Restriction
Non-vested, September 30, 2023			$	64.90					2,807,113
Granted			55.05						2,090,092
Vested			63.75						(1,315,306)
Forfeited			61.42						(677,796)
Non-vested, September 30, 2024			$	59.29					2,904,103

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 awards granted:

			Year Ended September 30,
			2024						2023						2022
Risk-free interest rate			4.21%						4.04%						0.99%
Expected volatility of the Company’s stock			27.20%						33.50%						30.00%

Summary of Nonvested PSUs

A summary of the status of the Company’s non-vested PSU's at September 30, 2024, and changes for the year then ended, is presented below:

			Weighted Average Price						Shares/Units Subject to PSU
Non-vested, September 30, 2023			$	71.77					867,524
Granted			54.13						370,307
Vested			50.53						(299,746)
Forfeited			73.83						(142,452)
Non-vested, September 30, 2024			$	71.20					795,633

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,
			2024						2023						2022
Expected life of option (years)			5.7						5.8						6.0
Risk-free interest rate			3.86%						3.59%						1.35%
Expected volatility of the Company’s stock			29.80%						29.40%						27.80%
Expected dividend yield on the Company’s stock			2.77%						2.10%						1.71%

Summary of Stock Option Activity

A summary of stock option activity at September 30, 2024, 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, 2023			$	45.44					4,919,916
Granted			53.52						652,702
Exercised			40.39						(1,004,234)
Forfeited or expired			63.47						(323,602)
Outstanding, September 30, 2024			$	46.51					4,244,782						5.72						$	133
Exercisable, September 30, 2024			$	41.21					3,141,132						4.16						$	115

The following table summarizes additional stock option information:

						Year Ended September 30,
						2024						2023						2022
Weighted-average grant-date fair value of options granted						$	13.74					$	18.21					$	18.59
Intrinsic value of options exercised (in millions)						22						27						19

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