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Earnings Per Share
 9 Months Ended
Jun. 28, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share data): 
 
Three Months Ended
 
Nine Months Ended
 
June 28, 2014
 
June 29, 2013
 
June 28, 2014
 
June 29, 2013
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
258

 
$
249

 
$
720

 
$
589

Less: Net income (loss) attributable to noncontrolling interests
(2
)
 
(4
)
 
(7
)
 
2

Net income from continuing operations attributable to Tyson
260

 
253

 
727

 
587

Less dividends declared:
 
 
 
 
 
 
 
Class A
21

 
14

 
69

 
74

Class B
5

 
3

 
16

 
16

Undistributed earnings
$
234

 
$
236

 
$
642

 
$
497

 
 
 
 
 
 
 
 
Class A undistributed earnings
$
190

 
$
193

 
$
522

 
$
406

Class B undistributed earnings
44

 
43

 
120

 
91

Total undistributed earnings
$
234

 
$
236

 
$
642

 
$
497

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per share:
 
 
 
 
 
 
 
Class A weighted average shares
280

 
283

 
275

 
284

Class B weighted average shares, and shares under the if-converted method for diluted earnings per share
70

 
70

 
70

 
70

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options and restricted stock
6

 
5

 
5

 
5

Convertible 2013 Notes
—

 
11

 
—

 
7

Warrants
—

 
—

 
5

 
—

Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions
356

 
369

 
355

 
366

 
 
 
 
 
 
 
 
Net Income Per Share from Continuing Operations Attributable to Tyson:
 
 
 
 
 
 
 
Class A Basic
$
0.75

 
$
0.73

 
$
2.15

 
$
1.69

Class B Basic
$
0.68

 
$
0.66

 
$
1.94

 
$
1.52

Diluted
$
0.73

 
$
0.69

 
$
2.05

 
$
1.61

Net Income Per Share Attributable to Tyson:
 
 
 
 
 
 
 
Class A Basic
$
0.75

 
$
0.72

 
$
2.15

 
$
1.49

Class B Basic
$
0.68

 
$
0.64

 
$
1.94

 
$
1.34

Diluted
$
0.73

 
$
0.68

 
$
2.05

 
$
1.42


We had no stock-based compensation shares that were antidilutive for both the three months ended June 28, 2014 and June 29, 2013. Approximately 4 million of our stock-based compensation shares were antidilutive for both the nine months ended June 28, 2014 and June 29, 2013. 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.