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Earnings Per Share
12 Months Ended
Oct. 02, 2021
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
The earnings and weighted average common shares used in the computation of basic and diluted earnings per share are as follows (in millions, except per share data):
202120202019
Numerator:
Net income$3,060 $2,071 $1,993 
Less: Net income attributable to noncontrolling interests13 10 13 
Net income attributable to Tyson3,047 2,061 1,980 
Less dividends declared:
Class A532 508 465 
Class B113 108 99 
Undistributed earnings$2,402 $1,445 $1,416 
Class A undistributed earnings$1,977 $1,189 $1,166 
Class B undistributed earnings425 256 250 
Total undistributed earnings$2,402 $1,445 $1,416 
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares293 293 293 
Class B weighted average shares, and shares under if-converted method for diluted earnings per share70 70 70 
Effect of dilutive securities:
Stock options and restricted stock
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions365 365 366 
Net Income Per Share Attributable to Tyson:
Class A Basic$8.57 $5.79 $5.56 
Class B Basic$7.70 $5.21 $4.99 
Diluted
$8.34 $5.64 $5.40 
Dividends Declared Per Share:
Class A$1.805 $1.725 $1.575 
Class B$1.625 $1.553 $1.418 
Approximately 4 million, 2 million, and 1 million of our stock-based compensation shares were antidilutive for fiscal 2021, 2020, and 2019. These shares were not included in the dilutive earnings per share calculation.
We have two classes of capital stock, Class A stock and Class B stock. Cash dividends cannot be paid to holders of Class B stock unless they are simultaneously paid to holders of Class A stock. The per share amount of cash dividends paid to holders of Class B stock cannot exceed 90% of the cash dividends paid to holders of Class A stock.
We allocate undistributed earnings based upon a 1 to 0.9 ratio per share to Class A stock and Class B stock, respectively. We allocate undistributed earnings based on this ratio due to historical dividend patterns, voting control of Class B shareholders and contractual limitations of dividends to Class B stock.