Basic and Diluted Earnings Per Share (Tables)

9 Months Ended

Jul. 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				Three Quarterly Periods Ended
(in millions, except per share amounts)	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Numerator
Consolidated net income	$	207	$	194	$	533	$	505
Denominator
Weighted average common shares outstanding - basic		128.6		135.1		132.6		134.3
Dilutive shares		2.1		3.4		3.0		3.4
Weighted average common and common equivalent shares outstanding - diluted		130.7		138.5		135.6		137.7
Per common share earnings
Basic	$	1.61	$	1.44	$	4.02	$	3.76
Diluted	$	1.58	$	1.40	$	3.93	$	3.67