Earnings Per Share (Tables)

6 Months Ended

Mar. 28, 2020

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				Six Months Ended
	March 28, 2020		March 30, 2019		March 28, 2020		March 30, 2019
Numerator:
Net income	$	367	$	430	$	928	$	982
Less: Net income attributable to noncontrolling interests	3		4		7		5
Net income attributable to Tyson	364		426		921		977
Less dividends declared:
Class A	124		110		261		243
Class B	26		23		55		51
Undistributed earnings	$	214	$	293	$	605	$	683
Class A undistributed earnings	$	176	$	241	$	498	$	562
Class B undistributed earnings	38		52		107		121
Total undistributed earnings	$	214	$	293	$	605	$	683
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares	293		294		293		294
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	2		2		3		2
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions	365		366		366		366
Net income per share attributable to Tyson:
Class A basic	$	1.03	$	1.20	$	2.59	$	2.74
Class B basic	$	0.92	$	1.07	$	2.32	$	2.46
Diluted	$	1.00	$	1.17	$	2.52	$	2.67
Dividends Declared Per Share:
Class A	$	0.420	$	0.375	$	0.885	$	0.825
Class B	$	0.378	$	0.338	$	0.797	$	0.743