Basic and Diluted Earnings Per Share (Tables)

6 Months Ended

Apr. 02, 2022

Basic and Diluted Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

The following tables provide a reconciliation of the numerator and denominator of the basic and diluted EPS calculations:

	Quarterly Period Ended				Two Quarterly Periods Ended
(in millions, except per share amounts)	April 2, 2022		April 3, 2021		April 2, 2022		April 3, 2021
Numerator
Consolidated net income	$	205	$	181	$	326	$	311
Denominator
Weighted average common shares outstanding - basic		133.8		134.3		134.6		133.9
Dilutive shares		3.1		2.5		3.4		2.7
Weighted average common and common equivalent shares outstanding - diluted		136.9		136.8		138.0		136.6
Per common share earnings
Basic	$	1.53	$	1.35	$	2.42	$	2.32
Diluted	$	1.50	$	1.32	$	2.36	$	2.28