v3.23.3
Earnings Per Share (Tables)
 12 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
The following table presents earnings per share for fiscal 2023: 
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$13,415 1,618 $8.29 $17,273 2,085 (3)$8.28 
Class B common stock3,254 245 $13.26 $3,251 245 $13.24 
Class C common stock320 10 $33.17 $319 10 $33.13 
Participating securities284 Not presentedNot presented$284 Not presentedNot presented
Net income$17,273 
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 presented Not presented$326  Not presented Not 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 presented$303 Not presentedNot presented
Net income$12,311 
(1)The weighted-average number of shares of as-converted class B common stock used in the income allocation was 392 million, 397 million and 398 million for fiscal 2023, 2022 and 2021, respectively. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 39 million, 40 million and 42 million for fiscal 2023, 2022 and 2021, respectively. The weighted-average number of shares of preferred stock included within participating securities was 10 million, 8 million and 12 million of as-converted series A preferred stock for fiscal 2023, 2022 and 2021, respectively, 7 million, 14 million and 16 million of as-converted series B preferred stock for fiscal 2023, 2022 and 2021, respectively, and 11 million, 20 million and 22 million of as-converted series C preferred stock for fiscal 2023, 2022 and 2021, 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 2023, 2022 and 2021.