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EARNINGS PER SHARE
6 Months Ended
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, 2024April 1, 2023March 30, 2024April 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 Group403 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 outstanding55.7 54.7 55.6 54.6 
Vested options deemed participating securities2.1 2.4 2.2 2.5 
Total shares for basic and diluted earnings per share57.8 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.