Stockholders' Equity (Tables)

12 Months Ended

Sep. 30, 2025

As-converted class A common stock. The number of shares outstanding, and the number of shares of class A common stock on an as-converted basis were as follows:


	September 30,
	2025					2024
	Shares Outstanding		Conversion Rate Into Class A Common Stock		As-converted Class A Common Stock(1)	Shares Outstanding		Conversion Rate Into Class A Common Stock		As-converted Class A Common Stock(1)
	(in millions, except conversion rate)
Series A preferred stock	—	(2)	100.0000		8	—	(2)	100.0000		9
Series B preferred stock	2		0.6690		2	2		1.0030		2
Series C preferred stock	3		0.7640		2	3		1.7860		6
Class A common stock	1,691		—		1,691	1,733		—		1,733
Class B-1 common stock	5		1.5549	(3)	8	5		1.5653	(3)	8
Class B-2 common stock	120		1.5223	(3)	183	120		1.5430	(3)	186
Class C common stock	9		4.0000		36	10		4.0000		39
Total					1,930					1,983

(1)Figures in the table may not recalculate exactly due to rounding. As-converted class A common stock is calculated based on unrounded numbers.

(2)The number of shares outstanding was less than one million.

(3)The class B-1 and class B-2 to class A common stock conversion calculations for dividend payments are based on a conversion rate rounded to the tenth decimal. Conversion rates are presented on a rounded basis.

Schedule of Effect of U.S. Retrospective Responsibility Plan on the Company Class Common B As-Converted Shares

The following table presents the reduction in the number of as-converted class B-1 and B-2 common stock after deposits into the U.S. litigation escrow account under the U.S. retrospective responsibility plan:


	For the Years Ended September 30,
	2025		2024		2023
	(in millions, except per share data)
Reduction in equivalent number of class A common stock	3		5		5
Effective price per share(1)	$	343.41	$	274.62	$	221.33
Deposits into the U.S. litigation escrow account	$	875	$	1,500	$	1,000

(1)Effective price per share for the period represents the weighted-average price calculated using the effective prices per share of the respective adjustments made during the period. Effective price per share for each adjustment is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificate of incorporation.

Schedule of Effect of VE Territory Covered Losses Recovery on the Company Repurchasing its Common Stock

The following table presents the reduction in the number of as-converted series B and C preferred stock after the Company recovered VE territory covered losses through conversion rate adjustments and completed its Anniversary Releases:


	For the Years Ended September 30,
	2025				2024				2023
	Series B		Series C		Series B		Series C		Series B			Series C
	(in millions, except per share data)

Reduction in equivalent number of class A common stock	1		3		5		6		—		(1)	—		(1)
Effective price per share(2)	$	352.58	$	353.32	$	272.89	$	273.24	$	219.12		$	215.28
Recovery through conversion rate adjustments	$	5	$	3	$	161	$	20	$	19		$	11
Anniversary Releases	$	287	$	1,137	$	1,149	$	1,569	$	—		$	—

(1)The reduction in equivalent number of class A common stock was less than one million shares.

(2)Effective price per share for the period represents the weighted-average price calculated using the effective price per share of the respective adjustments made during the period. Effective price per share for each adjustment is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificates of designations for its series B and C preferred stock.

Schedule of Share Repurchases in the Open Market

Common stock repurchases. The following table presents share repurchases in the open market:


	For the Years Ended September 30,
	2025		2024		2023
	(in millions, except per share data)
Shares repurchased in the open market(1)	54		64		55
Average repurchase cost per share(2)	$	335.44	$	266.24	$	222.27
Total cost(2)	$	18,185	$	16,958	$	12,182

(1)Shares repurchased in the open market are retired and constitute authorized but unissued shares.

(2)Figures in the table may not recalculate exactly due to rounding. Average repurchase cost per share and total cost are calculated based on unrounded numbers and include applicable taxes. As of September 30, 2025 and 2024, shares repurchased in the open market include unsettled repurchases of $30 million and $90 million, respectively.