| EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share for both continuing and discontinued operations. | | | | | | | | | | | | | | | | | | | Year Ended September 30, | | 2024 | | 2023 | | 2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net Earnings from Continuing Operations | | | | | | | Net earnings from continuing operations | $ | 366.7 | | | $ | 301.3 | | | $ | 735.0 | | | Impact of redeemable NCI | — | | | 11.0 | | | — | | | Net earnings from continuing operations for basic earnings per share | $ | 366.7 | | | $ | 312.3 | | | $ | 735.0 | | | Impact of interest expense, net of tax, related to convertible senior notes | 10.9 | | | 10.9 | | | 1.5 | | | Net earnings from continuing operations for diluted earnings per share | $ | 377.6 | | | $ | 323.2 | | | $ | 736.5 | | | | | | | | | Net Earnings from Discontinued Operations | | | | | | | | | | | | | | | | | | | Net earnings from discontinued operations for basic earnings per share | $ | — | | | $ | — | | | $ | 21.6 | | Dilutive impact of Old BellRing net earnings from discontinued operations | — | | | — | | | — | | | Net earnings from discontinued operations for diluted earnings per share | $ | — | | | $ | — | | | $ | 21.6 | | | | | | | | | Net Earnings | | | | | | | Net earnings for basic earnings per share | $ | 366.7 | | | $ | 312.3 | | | $ | 756.6 | | | Net earnings for diluted earnings per share | $ | 377.6 | | | $ | 323.2 | | | $ | 758.1 | | | | | | | | | | | | | | | | | | | | | shares in millions | | | | | | | Weighted-average shares for basic earnings per share | 59.9 | | | 60.0 | | | 60.9 | | | Effect of dilutive securities: | | | | | | Stock options | 0.3 | | | 0.4 | | | 0.3 | | Stock appreciation rights | — | | | — | | | 0.1 | | | Restricted stock units | 0.4 | | | 0.5 | | | 0.5 | | | Market-based performance restricted stock units | 0.8 | | | 0.6 | | | 0.1 | | | Earnings-based performance restricted stock units | 0.1 | | | 0.1 | | | 0.1 | | | Shares issuable upon conversion of convertible senior notes | 5.4 | | | 5.4 | | | 0.7 | | | | | | | | | Total dilutive securities | 7.0 | | | 7.0 | | | 1.8 | | | Weighted-average shares for diluted earnings per share | 66.9 | | | 67.0 | | | 62.7 | | | | | | | | | Earnings from Continuing Operations per Common Share: | | | | | | | Basic | $ | 6.12 | | | $ | 5.21 | | | $ | 12.07 | | | Diluted | $ | 5.64 | | | $ | 4.82 | | | $ | 11.75 | | | Earnings from Discontinued Operations per Common Share: | | | | | | | Basic | $ | — | | | $ | — | | | $ | 0.35 | | | Diluted | $ | — | | | $ | — | | | $ | 0.34 | | | Earnings per Common Share: | | | | | | | Basic | $ | 6.12 | | | $ | 5.21 | | | $ | 12.42 | | | Diluted | $ | 5.64 | | | $ | 4.82 | | | $ | 12.09 | |
The following table details the securities that have been excluded from the calculation of weighted-average shares for diluted earnings per share for both continuing and discontinued operations as they were anti-dilutive. | | | | | | | | | | | | | | | | | | | Year Ended September 30, | | 2024 | | 2023 | | 2022 | | | | | | | | | | | | | | Restricted stock units | — | | | 0.1 | | | 0.3 | | | | | | | | | | | | | | | Market-based performance restricted stock units | — | | | 0.1 | | | 0.1 | | | | | | | |
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