Earnings Per Share

6 Months Ended

Mar. 30, 2024

The following table shows the computation of basic and diluted earnings per share for the three- and six-month periods ended March 30, 2024 and April 1, 2023 (net income in millions and shares in thousands):


	Three Months Ended				Six Months Ended
	March 30, 2024		April 1, 2023		March 30, 2024		April 1, 2023
Numerator:
Net income	$	23,636	$	24,160	$	57,552	$	54,158

Denominator:
Weighted-average basic shares outstanding	15,405,856		15,787,154		15,457,810		15,839,939
Effect of dilutive share-based awards	58,853		59,896		62,865		61,445
Weighted-average diluted shares	15,464,709		15,847,050		15,520,675		15,901,384

Basic earnings per share	$	1.53	$	1.53	$	3.72	$	3.42
Diluted earnings per share	$	1.53	$	1.52	$	3.71	$	3.41

Approximately 48 million restricted stock units (“RSUs”) were excluded from the computation of diluted earnings per share for the six months ended April 1, 2023 because their effect would have been antidilutive.