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Earnings Per Share | 12 Months Ended
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Sep. 28, 2013
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE The earnings and weighted average common shares used in the computation of basic and diluted earnings per share are as follows:
| in millions, except per share data |
| 2013 |  |  | 2012 |  |  | 2011 |
Numerator: |  |  |  |  |
Income from continuing operations | $ | 848 |  |  | $ | 614 |  |  | $ | 738 |
Less: Net loss from continuing operations attributable to noncontrolling interests | — |  |  | (7 | ) |  | (14 | )
Net income from continuing operations attributable to Tyson | 848 |  |  | 621 |  |  | 752 |
Less dividends declared: |  |  |  |  |
Class A | 87 |  |  | 47 |  |  | 49 |
Class B | 19 |  |  | 10 |  |  | 10 |
Undistributed earnings | $ | 742 |  |  | $ | 564 |  |  | $ | 693 |
Class A undistributed earnings | $ | 606 |  |  | $ | 464 |  |  | $ | 574 |
Class B undistributed earnings | 136 |  |  | 100 |  |  | 119 |
Total undistributed earnings | $ | 742 |  |  | $ | 564 |  |  | $ | 693 |
Denominator: |  |  |  |  |
Denominator for basic earnings per share: |  |  |  |  |
Class A weighted average shares | 282 |  |  | 293 |  |  | 303 |
Class B weighted average shares, and shares under if-converted method for diluted earnings per share | 70 |  |  | 70 |  |  | 70 |
Effect of dilutive securities: |  |  |  |  |
Stock options and restricted stock | 5 |  |  | 4 |  |  | 6 |
Convertible 2013 Notes | 7 |  |  | 3 |  |  | 1 |
Warrants | 3 |  |  | — |  |  | — |
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions | 367 |  |  | 370 |  |  | 380 |
Net Income Per Share from Continuing Operations Attributable to Tyson: |  |  |  |
Class A Basic | $ | 2.46 |  |  | $ | 1.75 |  |  | $ | 2.05 |
Class B Basic | $ | 2.22 |  |  | $ | 1.57 |  |  | $ | 1.84 |
Diluted | $ | 2.31 |  |  | $ | 1.68 |  |  | $ | 1.98 |
Net Income Per Share Attributable to Tyson: |  |  |  |  |
Class A Basic | $ | 2.26 |  |  | $ | 1.64 |  |  | $ | 2.04 |
Class B Basic | $ | 2.04 |  |  | $ | 1.48 |  |  | $ | 1.84 |
Diluted | $ | 2.12 |  |  | $ | 1.58 |  |  | $ | 1.97 |
We had no stock-based compensation shares that were antidilutive for fiscal 2013. Approximately 4 million of our stock-based compensation shares were antidilutive for fiscal 2012 and 2011. These shares were not included in the dilutive earnings per share calculation. We have two classes of capital stock, Class A stock and Class B stock. Cash dividends cannot be paid to holders of Class B stock unless they are simultaneously paid to holders of Class A stock. The per share amount of cash dividends paid to holders of Class B stock cannot exceed 90% of the cash dividends paid to holders of Class A stock. We allocate undistributed earnings based upon a 1 to 0.9 ratio per share to Class A stock and Class B stock, respectively. We allocate undistributed earnings based on this ratio due to historical dividend patterns, voting control of Class B shareholders and contractual limitations of dividends to Class B stock.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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