Summary of Significant Accounting Policies (Tables)

9 Months Ended

Jul. 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 nine-month periods ended July 1, 2023 and June 25, 2022 (net income in millions and shares in thousands):

	Three Months Ended				Nine Months Ended
	July 1, 2023		June 25, 2022		July 1, 2023		June 25, 2022
Numerator:
Net income	$	19,881	$	19,442	$	74,039	$	79,082
Denominator:
Weighted-average basic shares outstanding	15,697,614		16,162,945		15,792,497		16,277,824
Effect of dilutive securities	77,407		99,258		66,766		117,113
Weighted-average diluted shares	15,775,021		16,262,203		15,859,263		16,394,937
Basic earnings per share	$	1.27	$	1.20	$	4.69	$	4.86
Diluted earnings per share	$	1.26	$	1.20	$	4.67	$	4.82