Earnings Per Share (Tables)

9 Months Ended

Jul. 03, 2021

Earnings Per Share [Abstract]

Schedule Of Earnings Per Share, Basic And Diluted

The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share data): 

	Three Months Ended				Nine Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Numerator:
Net income	$	753	$	526	$	1,702	$	1,414
Less: Net income attributable to noncontrolling interests	4		—		10		7
Net income attributable to Tyson	749		526		1,692		1,407
Less dividends declared:
Class A	132		124		401		385
Class B	28		27		86		82
Undistributed earnings	$	589	$	375	$	1,205	$	940
Class A undistributed earnings	$	485	$	309	$	992	$	774
Class B undistributed earnings	104		66		213		166
Total undistributed earnings	$	589	$	375	$	1,205	$	940
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares	293		292		293		293
Class B weighted average shares, and shares under the if-converted method for diluted earnings per share	70		70		70		70
Effect of dilutive securities:
Stock options, restricted stock and performance units	3		2		2		3
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions	366		364		365		366
Net income per share attributable to Tyson:
Class A basic	$	2.11	$	1.48	$	4.76	$	3.96
Class B basic	$	1.89	$	1.33	$	4.27	$	3.55
Diluted	$	2.05	$	1.44	$	4.63	$	3.85
Dividends Declared Per Share:
Class A	$	0.445	$	0.420	$	1.360	$	1.305
Class B	$	0.400	$	0.378	$	1.224	$	1.175