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EARNINGS PER SHARE | 6 Months Ended
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Mar. 30, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE (TWO-CLASS METHOD) | EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share data) using the two-class method:
| Thirteen Week Periods Ended |  | Twenty-Six Week Periods Ended
| March 30, 2024 |  | April 1, 2023 |  | March 30, 2024 |  | April 1, 2023
Numerator for earnings per share: |  |  |  |  |  |  |
Net income | $ | 404 |  |  | $ | 304 |  |  | $ | 786 |  |  | $ | 533 |
Less: Net income attributable to noncontrolling interests | (1) |  |  | — |  |  | (1) |  |  | (1) |
Net income attributable to TD Group | 403 |  |  | 304 |  |  | 785 |  |  | 532 |
Less: Dividends paid on participating securities (1) | — |  |  | — |  |  | (101) |  |  | (38) |
Net income applicable to TD Group common stockholders—basic and diluted | $ | 403 |  |  | $ | 304 |  |  | $ | 684 |  |  | $ | 494 |
Denominator for basic and diluted earnings per share under the two-class method: |  |  |  |  |  |  |
Weighted-average common shares outstanding | 55.7 |  |  | 54.7 |  |  | 55.6 |  |  | 54.6 |
Vested options deemed participating securities | 2.1 |  |  | 2.4 |  |  | 2.2 |  |  | 2.5 |
Total shares for basic and diluted earnings per share | 57.8 |  |  | 57.1 |  |  | 57.8 |  |  | 57.1 |
Earnings per share—basic and diluted | $ | 6.97 |  |  | $ | 5.32 |  |  | $ | 11.83 |  |  | $ | 8.65 |
(1)Represents dividend equivalent payments of approximately $101 million, of which $18 million was accrued as of September 30, 2023 and the remaining $83 million was associated with the November 2023 $35.00 dividend declaration, and $38 million, respectively, for the twenty-six week periods ended March 30, 2024 and April 1, 2023.

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