Earnings Per Share (Tables)

9 Months Ended

Jun. 29, 2024

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table shows the computation of basic and diluted earnings per share for the three- and nine-month periods ended June 29, 2024 and July 1, 2023 (net income in millions and shares in thousands):

	Three Months Ended				Nine Months Ended
	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Numerator:
Net income	$	21,448	$	19,881	$	79,000	$	74,039
Denominator:
Weighted-average basic shares outstanding	15,287,521		15,697,614		15,401,047		15,792,497
Effect of dilutive share-based awards	60,654		77,407		62,128		66,766
Weighted-average diluted shares	15,348,175		15,775,021		15,463,175		15,859,263
Basic earnings per share	$	1.40	$	1.27	$	5.13	$	4.69
Diluted earnings per share	$	1.40	$	1.26	$	5.11	$	4.67