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Earnings Per Share | 6 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE M – EARNINGS PER SHARE The following is the computation of basic and diluted earnings per share ("EPS") from continuing operations attributable to Ashland. Stock appreciation rights and warrants available to purchase shares outstanding for each reporting period whose exercise price was greater than the average market price of Ashland common stock for each applicable period were not included in the computation of income (loss) from continuing operations per diluted share because the effect of these instruments would be antidilutive. The total number of these shares outstanding was approximately 1 million at March 31, 2025 and 2024. The majority of these shares are for warrants with a strike price of $128.66. Earnings per share is reported under the treasury stock method.
|  | Three months ended |  |  | Six months ended |
|  | March 31 |  |  | March 31 |
(In millions, except per share data) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
Numerator for basic and diluted EPS - Income (loss) from continuing operations, net of tax |  | $ | 30 |  |  | $ | 121 |  |  | $ | (136 | ) |  | $ | 149 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic EPS - Weighted-average common shares outstanding |  |  | 47 |  |  |  | 50 |  |  |  | 47 |  |  |  | 50 |
Share based awards convertible to common shares |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |
Denominator for diluted EPS - Adjusted weighted-average shares and assumed conversions |  |  | 47 |  |  |  | 51 |  |  |  | 47 |  |  |  | 51 |
EPS from continuing operations |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.63 |  |  | $ | 2.43 |  |  | $ | (2.91 | ) |  | $ | 2.95 |
Diluted(a) |  |  | 0.63 |  |  |  | 2.40 |  |  |  | (2.91 | ) |  |  | 2.92 |
(a) As a result of the loss from continuing operations attributable to Ashland during the six months ended March 31, 2025, the effect of the share-based awards convertible to common stock would be antidilutive and have been excluded from the diluted EPS calculation.

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