EARNINGS PER SHARE
The following table reconciles the numerators and denominators used to calculate basic and diluted earnings per share (in millions):
 Year Ended September 30,
 202520242023
Income Available to Ordinary Shareholders
Income from continuing operations$1,721 $1,407 $1,562 
Income from discontinued operations1,570 298 287 
Basic and diluted income available to shareholders$3,291 $1,705 $1,849 
Weighted Average Shares Outstanding
Basic weighted average shares outstanding651.8 673.8 684.3 
Effect of dilutive securities:
Stock options, unvested restricted stock and unvested
   performance share awards
2.3 2.2 3.1 
Diluted weighted average shares outstanding654.1 676.0 687.4 
Antidilutive Securities
Stock options and unvested restricted stock0.1 0.3 0.2 

Historical Timeline

Fiscal YearFiled
2025Nov 14, 2025Showing above
2024Nov 19, 2024
2023Dec 14, 2023
2022Nov 15, 2022
2021Nov 15, 2021
2020Nov 16, 2020
2019Nov 21, 2019
2018Nov 20, 2018
2017Nov 21, 2017
2016Nov 23, 2016
2015Nov 13, 2015

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.