v3.26.1
SHAREHOLDERS' EQUITY (Tables)
 6 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Stock by Class
The following table details the shares outstanding, carrying value, and aggregate liquidation preference of our preferred stock.

$ in millionsMarch 31, 2026September 30, 2025
6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (“Series B Preferred Stock”):
Shares outstanding—80,500
Carrying value$— $79 
Aggregate liquidation preference$— $81 
Dividends Declared and Paid
The following table details dividends declared and dividends paid on our Series B Preferred Stock for the three and six months ended March 31, 2026 and 2025.
 Three months ended March 31,Six months ended March 31,
$ in millions, except per share amounts2026202520262025
Dividends declared:
Total dividends declared (1)
$2 $2 $3 $3 
Dividends declared per preferred share
$— $15.94 $15.94 $31.88 
Dividends paid:
Total dividends paid (1)
$3 $2 $4 $3 
Dividends paid per preferred share
$15.94 $15.94 $31.88 $31.88 

(1)Preferred stock dividends on our Condensed Consolidated Statements of Income and Comprehensive Income for the three and six months ended March 31, 2026 included the $2 million excess of the redemption value of our Series B Preferred Stock over the carrying value, which was reported as an increase to preferred dividends and reduced net income available to common shareholders.
Dividends per common share declared and paid are detailed in the following table for each respective period.
 Three months ended March 31,Six months ended March 31,
 2026202520262025
Dividends per common share - declared$0.54 $0.50 $1.08 $1.00 
Dividends per common share - paid$0.54 $0.50 $1.04 $0.95 

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 March 31,Six months ended March 31,
2026202520262025
Dividend payout ratio
19.9 %21.2 %19.6 %19.2 %
Schedule of Common Stock Outstanding Roll Forward
The following table presents the changes in our common shares outstanding for the three and six months ended March 31, 2026 and 2025.
 Three months ended March 31,Six months ended March 31,
Shares in millions
2026202520262025
Balance beginning of period
197.0 204.6 198.1 203.3 
Repurchases of common stock under the Board of Directors’ common stock repurchase authorization
(2.5)(1.7)(5.0)(2.0)
Issuances due to vesting of RSUs, employee stock purchases, and exercise of stock options, net of forfeitures0.1 0.2 1.5 1.8 
Balance end of period
194.6 203.1 194.6 203.1 
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 March 31, 2026
AOCI as of beginning of period$174 $(179)$(5)$(348)$5 $(348)
OCI:
OCI before reclassifications and taxes22 (26)(4)(12)2 (14)
Amounts reclassified from AOCI, before tax— — — — (2)(2)
Pre-tax net OCI22 (26)(4)(12)— (16)
Income tax effect(6)— (6)2 — (4)
OCI for the period, net of tax16 (26)(10)(10)— (20)
AOCI as of end of period$190 $(205)$(15)$(358)$5 $(368)
Six months ended March 31, 2026
AOCI as of beginning of period$184 $(196)$(12)$(391)$7 $(396)
OCI:
OCI before reclassifications and taxes9 (9)— 44 2 46 
Amounts reclassified from AOCI, before tax— — — — (5)(5)
Pre-tax net OCI9 (9)— 44 (3)41 
Income tax effect(3)— (3)(11)1 (13)
OCI for the period, net of tax6 (9)(3)33 (2)28 
AOCI as of end of period$190 $(205)$(15)$(358)$5 $(368)
Three months ended March 31, 2025
AOCI as of beginning of period$202 $(279)$(77)$(591)$13 $(655)
OCI:
OCI before reclassifications and taxes4 16 20 125 (2)143 
Amounts reclassified from AOCI, before tax— — — — (5)(5)
Pre-tax net OCI4 16 20 125 (7)138 
Income tax effect(1)— (1)(30)2 (29)
OCI for the period, net of tax3 16 19 95 (5)109 
AOCI as of end of period$205 $(263)$(58)$(496)$8 $(546)
Six months ended March 31, 2025
AOCI as of beginning of period$145 $(169)$(24)$(485)$7 $(502)
OCI:
OCI before reclassifications and taxes79 (94)(15)(19)13 (21)
Amounts reclassified from AOCI, before tax— — — 2 (12)(10)
Pre-tax net OCI79 (94)(15)(17)1 (31)
Income tax effect(19)— (19)6 — (13)
OCI for the period, net of tax60 (94)(34)(11)1 (44)
AOCI as of end of period$205 $(263)$(58)$(496)$8 $(546)