v3.25.2
SHAREHOLDERS' EQUITY (Tables)
 9 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Stock by Class
The following table details the shares outstanding, carrying value, and aggregate liquidation preference of our preferred stock. For further details regarding our preferred stock see Note 20 of our 2024 Form 10-K.
$ in millionsJune 30, 2025September 30, 2024
6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (“Series B Preferred Stock”):
Shares outstanding80,50080,500
Carrying value$79 $79 
Aggregate liquidation preference$81 $81 
Dividends Declared and Paid
The following table details dividends declared and dividends paid on our Series B Preferred Stock for the three and nine months ended June 30, 2025 and 2024.
 Three months ended June 30,Nine months ended June 30,
$ in millions, except per share amounts2025202420252024
Dividends declared:
Total dividends declared
$1 $1 $4 $4 
Dividends declared per preferred share
$15.94 $15.94 $47.82 $47.82 
Dividends paid:
Total dividends paid
$1 $1 $4 $4 
Dividends paid per preferred share
$15.94 $15.94 $47.82 $47.82 
Dividends per common share declared and paid are detailed in the following table for each respective period.
 Three months ended June 30,Nine months ended June 30,
 2025202420252024
Dividends per common share - declared$0.50 $0.45 $1.50 $1.35 
Dividends per common share - paid$0.50 $0.45 $1.45 $1.32 

Our dividend payout ratio is detailed in the following table for each respective period and is computed by dividing dividends declared per common share by earnings per diluted common share.
 Three months ended June 30,Nine months ended June 30,
2025202420252024
Dividend payout ratio
23.6 %19.5 %20.4 %19.7 %
Schedule of Common Stock Outstanding Roll Forward
The following table presents the changes in our common shares outstanding for the three and nine months ended June 30, 2025 and 2024.
 Three months ended June 30,Nine months ended June 30,
Shares in millions
2025202420252024
Balance beginning of period
203.1 207.3 203.3 208.8 
Repurchases of common stock under the Board of Directors’ common stock repurchase authorization
(3.3)(2.0)(5.3)(5.1)
Issuances due to vesting of RSUs, employee stock purchases, and exercise of stock options, net of forfeitures0.2 0.3 2.0 1.9 
Balance end of period
200.0 205.6 200.0 205.6 
Schedule of AOCI The following table presents the net change in AOCI as well as the changes, and the related tax effects, of each component of AOCI.
$ in millionsNet investment hedgesCurrency translationsSubtotal: net investment hedges and currency translationsAvailable- for-sale securitiesCash flow hedgesTotal
Three months ended June 30, 2025
AOCI as of beginning of period$205 $(263)$(58)$(496)$8 $(546)
OCI:
OCI before reclassifications and taxes(60)104 44 71 — 115 
Amounts reclassified from AOCI, before tax— — — — (4)(4)
Pre-tax net OCI(60)104 44 71 (4)111 
Income tax effect14 — 14 (18)1 (3)
OCI for the period, net of tax(46)104 58 53 (3)108 
AOCI as of end of period$159 $(159)$— $(443)$5 $(438)
Nine months ended June 30, 2025
AOCI as of beginning of period$145 $(169)$(24)$(485)$7 $(502)
OCI:
OCI before reclassifications and taxes19 10 29 52 13 94 
Amounts reclassified from AOCI, before tax— — — 2 (16)(14)
Pre-tax net OCI19 10 29 54 (3)80 
Income tax effect(5)— (5)(12)1 (16)
OCI for the period, net of tax14 10 24 42 (2)64 
AOCI as of end of period$159 $(159)$— $(443)$5 $(438)
Three months ended June 30, 2024
AOCI as of beginning of period$143 $(198)$(55)$(698)$29 $(724)
OCI:
OCI before reclassifications and taxes14 (12)2 14 4 20 
Amounts reclassified from AOCI, before tax— — — — (7)(7)
Pre-tax net OCI14 (12)2 14 (3)13 
Income tax effect(4)— (4)(3)1 (6)
OCI for the period, net of tax10 (12)(2)11 (2)7 
AOCI as of end of period$153 $(210)$(57)$(687)$27 $(717)
Nine months ended June 30, 2024
AOCI as of beginning of period$143 $(216)$(73)$(942)$44 $(971)
OCI:
OCI before reclassifications and taxes14 6 20 338 4 362 
Amounts reclassified from AOCI, before tax— — — — (26)(26)
Pre-tax net OCI14 6 20 338 (22)336 
Income tax effect(4)— (4)(83)5 (82)
OCI for the period, net of tax10 6 16 255 (17)254 
AOCI as of end of period$153 $(210)$(57)$(687)$27 $(717)