Capital Stock

9 Months Ended

Jun. 28, 2026

Equity, Attributable to Parent [Abstract]

Capital Stock

Note 4. Capital Stock

Stock Repurchase Program. On March 17, 2026, we announced a new $20.0 billion stock repurchase program, which was in addition to the then-remaining repurchase authority of $2.1 billion under the previous program announced in November 2024. The stock repurchase programs have no expiration date. At June 28, 2026, $20.6 billion remained authorized for repurchase under our stock repurchase programs.

Shares Outstanding. Shares of common stock outstanding at June 28, 2026 were as follows (in millions):

Balance at September 28, 2025	1,074
Issued	25
Repurchased	(42)
Balance at June 28, 2026	1,057

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, primarily 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 28, 2026	June 29, 2025	June 28, 2026	June 29, 2025
Dilutive common share equivalents included in diluted shares	12	7	9	10
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	10	1