EARNINGS PER SHARE (Tables)

3 Months Ended

Dec. 30, 2023

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share data) using the two-class method:


	Thirteen Week Periods Ended
		December 30, 2023		December 31, 2022
Numerator for earnings per share:
Net income		$	382	$	229
Less: Net income attributable to noncontrolling interests		—		(1)
Net income attributable to TD Group		382		228
Less: Dividends paid on participating securities (1)		(101)		(38)

Net income applicable to TD Group common stockholders—basic and diluted		$	281	$	190
Denominator for basic and diluted earnings per share under the two-class method:
Weighted-average common shares outstanding		55.4		54.4
Vested options deemed participating securities		2.3		2.7
Total shares for basic and diluted earnings per share		57.7		57.1


Earnings per share—basic and diluted		$	4.87	$	3.33

(1)Represents dividend equivalent payments in the first quarter of fiscal 2024 and 2023 of approximately $101 million, of which $18 million was accrued as of September 30, 2023 and the remaining $83 million was associated with the November 2023 $35.00 dividend declaration, and $38 million, respectively.