Earnings Per Share (Tables)

9 Months Ended

Jun. 28, 2014

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