Capital Stock

9 Months Ended

Jun. 29, 2025

Equity, Attributable to Parent [Abstract]

Capital Stock

Note 4. Capital Stock

Stock Repurchase Program. During the first quarter of fiscal 2025, we utilized the remaining repurchase authority under the $10.0 billion stock repurchase program announced on October 12, 2021 and we began repurchases under the $15.0 billion stock repurchase program announced on November 6, 2024, which has no expiration date. At June 29, 2025, $9.7 billion remained authorized for repurchase under our stock repurchase program.

Shares Outstanding. Shares of common stock outstanding at June 29, 2025 were as follows (in millions):

Balance at September 29, 2024	1,113
Issued	12
Repurchased	(41)
Balance at June 29, 2025	1,084

Earnings Per Common Share. Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per share is computed by dividing net income by the combination of the weighted-average number of common shares outstanding and the weighted-average number of dilutive common share equivalents, comprised of shares issuable under our share-based compensation plans, during the reporting period, using the treasury stock method. The following table provides information about the diluted earnings per share calculation (in millions):

	Three Months Ended		Nine Months Ended
	June 29, 2025	June 23, 2024	June 29, 2025	June 23, 2024
Dilutive common share equivalents included in diluted shares	7	18	10	14
Shares of common stock equivalents not included because the effect would be anti-dilutive or certain performance conditions were not satisfied at the end of the period	2	—	1	5