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EARNINGS PER SHARE (Tables)
9 Months Ended
Jun. 29, 2024
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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 Thirty-Nine Week Periods Ended
June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Numerator for earnings per share:
Net income$461 $352 $1,248 $885 
Less: Net income attributable to noncontrolling interests— (1)(2)(2)
Net income attributable to TD Group461 351 1,246 883 
Less: Dividends paid on participating securities (1)
— — (101)(38)
Net income applicable to TD Group common stockholders—basic and diluted$461 $351 $1,145 $845 
Denominator for basic and diluted earnings per share under the two-class method:
Weighted-average common shares outstanding56.0 55.0 55.7 54.7 
Vested options deemed participating securities1.9 2.2 2.1 2.4 
Total shares for basic and diluted earnings per share57.9 57.2 57.8 57.1 
Earnings per share—basic and diluted$7.96 $6.14 $19.81 $14.80 
(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 thirty-nine week periods ended June 29, 2024 and July 1, 2023.