Earnings Per Share

9 Months Ended

Jul. 03, 2021

Diluted earnings per share amounts are based upon the weighted average number of common and common equivalent shares outstanding during the period and are calculated using the treasury stock method for equity-based compensation awards (Awards). A reconciliation of the weighted average number of common and common equivalent shares outstanding and the number of Awards excluded from the diluted earnings per share calculation, as they were anti-dilutive, are as follows:


	Quarter Ended		Nine Months Ended
	July 3, 2021	June 27, 2020	July 3, 2021	June 27, 2020
Shares (in millions):
Weighted average number of common and common equivalent shares outstanding (basic)	1,818	1,809	1,816	1,807
Weighted average dilutive impact of Awards(1)	12	—	11	—
Weighted average number of common and common equivalent shares outstanding (diluted)	1,830	1,809	1,827	1,807
Awards excluded from diluted earnings per share	3	24	5	21

(1) Amounts exclude all potential common and common equivalent shares for periods when there is a net loss from continuing operations.