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Earnings per Share
 6 Months Ended
Apr. 13, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings per Share
The computation of basic earnings per share is based on the number of weighted average common shares outstanding during the period. The computation of diluted earnings per share includes the dilutive effect of common stock equivalents consisting of incremental common shares deemed outstanding from the assumed exercise of stock options and the dilutive effect of restricted stock awards.

A reconciliation of the numerators and denominators of the basic and diluted earnings per share calculations follows (in millions, except per share amounts):
 
Twelve weeks ended
 
Twenty-eight weeks ended
 
April 13,
2014
 
April 14,
2013
 
April 13,
2014
 
April 14,
2013
Net income
(numerator for basic and diluted earnings per share)
$
142

 
$
142

 
$
300

 
$
288

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
(denominator for basic earnings per share)
371.5

 
370.5

 
372.0

 
370.7

Incremental common shares attributable to dilutive effect of share-based awards
3.0

 
3.2

 
3.3

 
3.4

Weighted average common shares outstanding and
potential additional common shares outstanding
(denominator for diluted earnings per share)
374.5

 
373.7

 
375.3

 
374.1

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.38

 
$
0.38

 
$
0.81

 
$
0.78

 
 
 
 
 
 
 
 
Diluted earnings per share
$
0.38

 
$
0.38

 
$
0.80

 
$
0.77



The computation of diluted earnings per share for the twelve and twenty-eight weeks ended April 13, 2014 does not include options to purchase approximately 4.8 million shares and 4.3 million shares of common stock, respectively, due to their antidilutive effect. The computation of diluted earnings per share for each of the twelve and twenty-eight weeks ended April 14, 2013 does not include options to purchase approximately 7.2 million shares of common stock due to their antidilutive effect.