Summary of Significant Accounting Policies (Tables)

6 Months Ended

Apr. 01, 2023

Accounting Policies [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table shows the computation of basic and diluted earnings per share for the three- and six-month periods ended April 1, 2023 and March 26, 2022 (net income in millions and shares in thousands):

	Three Months Ended				Six Months Ended
	April 1, 2023		March 26, 2022		April 1, 2023		March 26, 2022
Numerator:
Net income	$	24,160	$	25,010	$	54,158	$	59,640
Denominator:
Weighted-average basic shares outstanding	15,787,154		16,278,802		15,839,939		16,335,263
Effect of dilutive securities	59,896		124,514		61,445		126,041
Weighted-average diluted shares	15,847,050		16,403,316		15,901,384		16,461,304
Basic earnings per share	$	1.53	$	1.54	$	3.42	$	3.65
Diluted earnings per share	$	1.52	$	1.52	$	3.41	$	3.62