v3.21.2
Earnings Per Share (Tables)
 12 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
The following table presents earnings per share for fiscal 2021: 
Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
(in millions, except per share data)
Class A common stock$9,527 1,691 $5.63 $12,311 2,188 (3)$5.63 
Class B common stock2,244 245 $9.14 2,242 245 $9.13 
Class C common stock237 10 $22.53 236 10 $22.51 
Participating securities303 Not presentedNot presented303 Not presentedNot presented
Net income$12,311 
The following table presents earnings per share for fiscal 2020:
Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
(in millions, except per share data)
Class A common stock$8,310 1,697 $4.90 $10,866 2,223 (3)$4.89 
Class B common stock1,951 245 $7.94 1,948 245 $7.93 
Class C common stock214 11 $19.58 214 11 $19.56 
Participating securities391 Not presentedNot presented391 Not presentedNot presented
Net income$10,866 
The following table presents earnings per share for fiscal 2019:
Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
(in millions, except per share data)
Class A common stock$9,273 1,742 $5.32 $12,080 2,272 (3)$5.32 
Class B common stock2,130 245 $8.68 2,127 245 $8.66 
Class C common stock247 12 $21.30 246 12 $21.26 
Participating securities430 Not presentedNot presented429 Not presentedNot presented
Net income$12,080 
(1)Net income is allocated based on proportional ownership on an as-converted basis. The weighted-average number of shares of as-converted class B common stock used in the income allocation was 398 million for each of fiscal 2021 and 2020 and 400 million for fiscal 2019. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 42 million, 44 million and 46 million for fiscal 2021, 2020 and 2019, respectively. The weighted-average number of shares of preferred stock included within participating securities was 12 million and 1 million of as-converted series A preferred stock for fiscal 2021 and 2020, respectively, 16 million of as-converted series B preferred stock for fiscal 2021 and 32 million of as-converted series B preferred stock for each of fiscal 2020 and 2019, and 22 million, 43 million, and 44 million of as-converted series C preferred stock for fiscal 2021, 2020 and 2019, respectively.
(2)Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
(3)Weighted-average diluted shares outstanding are calculated on an as-converted basis, and include incremental common stock equivalents, as calculated under the treasury stock method. The common stock equivalents are not material for each of fiscal 2021, 2020 and 2019.