Basic and Diluted Net Income Per Share (Tables)

9 Months Ended

Jul. 03, 2021

Basic and Diluted Net Income Per Share [Abstract]

Basic and Diluted Net Income Per Share

The following tables provide a reconciliation of the numerator and denominator of the basic and diluted net income per share calculations.

	Quarterly Period Ended				Three Quarterly Periods Ended
(in millions, except per share amounts)	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Numerator
Consolidated net income	$	194	$	191	$	505	$	364
Denominator
Weighted average common shares outstanding - basic		135.1		132.5		134.3		132.4
Dilutive shares		3.4		1.7		3.4		1.9
Weighted average common and common equivalent shares outstanding - diluted		138.5		134.2		137.7		134.3
Per common share income
Basic	$	1.44	$	1.44	$	3.76	$	2.75
Diluted	$	1.40	$	1.42	$	3.67	$	2.71