Earnings Per Share

9 Months Ended

Jun. 24, 2022

Earnings Per Share

Earnings Per Share

13. Earnings Per Share

The weighted-average number of shares outstanding used in the computations of basic and diluted earnings per share were as follows:

	For the		For the
	Quarters Ended		Nine Months Ended
	June 24,	June 25,	June 24,	June 25,
	2022	2021	2022	2021
	(in millions)
Basic	322	330	324	331
Dilutive impact of share-based compensation arrangements	2	3	3	2
Diluted	324	333	327	333

For both the quarter and nine months ended June 24, 2022, one million share options were not included in the computation of diluted earnings per share because the instruments’ underlying exercise prices were greater than the average market prices of our common shares and inclusion would be antidilutive.