Earnings Per Share (Tables)

6 Months Ended

Apr. 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				Six Months Ended
	April 3, 2021		March 28, 2020		April 3, 2021		March 28, 2020
Numerator:
Net income	$	477	$	379	$	949	$	888
Less: Net income attributable to noncontrolling interests	1		3		6		7
Net income attributable to Tyson	476		376		943		881
Less dividends declared:
Class A	131		124		269		261
Class B	28		26		58		55
Undistributed earnings	$	317	$	226	$	616	$	565
Class A undistributed earnings	$	261	$	186	$	507	$	465
Class B undistributed earnings	56		40		109		100
Total undistributed earnings	$	317	$	226	$	616	$	565
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares	293		293		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	2		2		2		3
Warrants
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions	365		365		365		366
Net income per share attributable to Tyson:
Class A basic	$	1.34	$	1.06	$	2.65	$	2.48
Class B basic	$	1.20	$	0.95	$	2.38	$	2.22
Diluted	$	1.30	$	1.03	$	2.58	$	2.41
Dividends Declared Per Share:
Class A	$	0.445	$	0.420	$	0.915	$	0.885
Class B	$	0.401	$	0.378	$	0.824	$	0.797