v3.22.2.2
Earnings Per Share (Tables)
 12 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
The following table presents earnings per share for fiscal 2022: 
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$11,569 1,651 $7.01 $14,957 2,136 (3)$7.00 
Class B common stock2,781 245 $11.33 2,778 245 $11.31 
Class C common stock280 10 $28.03 280 10 $28.00 
Participating securities327 Not presentedNot presented326 Not presentedNot presented
Net income$14,957 
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 
(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 397 million for each of fiscal 2022 and 398 million for fiscal 2021 and 2020. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 40 million, 42 million and 44 million for fiscal 2022, 2021 and 2020, respectively. The weighted-average number of shares of preferred stock included within participating securities was 8 million, 12 million and 1 million of as-converted series A preferred stock for fiscal 2022, 2021 and 2020, respectively, 14 million, 16 million and 32 million of as-converted series B preferred stock for fiscal 2022, 2021 and 2020, and 20 million, 22 million and 43 million of as-converted series C preferred stock for fiscal 2022, 2021 and 2020, respectively.
(2)Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share are 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 2022, 2021 and 2020.