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Earnings Per Share | 12 Months Ended
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Oct. 03, 2015
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 |
| 2015 |  |  | 2014 |  |  | 2013 |
Numerator: |  |  |  |  |
Income from continuing operations | $ | 1,224 |  |  | $ | 856 |  |  | $ | 848 |
Less: Net income (loss) attributable to noncontrolling interests | 4 |  |  | (8 | ) |  | — |
Net income from continuing operations attributable to Tyson | 1,220 |  |  | 864 |  |  | 848 |
Less dividends declared: |  |  |  |  |
Class A | 129 |  |  | 94 |  |  | 87 |
Class B | 26 |  |  | 21 |  |  | 19 |
Undistributed earnings | $ | 1,065 |  |  | $ | 749 |  |  | $ | 742 |
Class A undistributed earnings | $ | 896 |  |  | $ | 612 |  |  | $ | 606 |
Class B undistributed earnings | 169 |  |  | 137 |  |  | 136 |
Total undistributed earnings | $ | 1,065 |  |  | $ | 749 |  |  | $ | 742 |
Denominator: |  |  |  |  |
Denominator for basic earnings per share: |  |  |  |  |
Class A weighted average shares | 335 |  |  | 284 |  |  | 282 |
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 |  |  | 5 |  |  | 5 |
Tangible Equity Units | 3 |  |  | 1 |  |  | — |
Convertible 2013 Notes | — |  |  | — |  |  | 7 |
Warrants | — |  |  | 4 |  |  | 3 |
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions | 413 |  |  | 364 |  |  | 367 |
Net Income Per Share from Continuing Operations Attributable to Tyson: |  |  |  |
Class A Basic | $ | 3.06 |  |  | $ | 2.48 |  |  | $ | 2.46 |
Class B Basic | $ | 2.79 |  |  | $ | 2.26 |  |  | $ | 2.22 |
Diluted | $ | 2.95 |  |  | $ | 2.37 |  |  | $ | 2.31 |
Net Income Per Share Attributable to Tyson: |  |  |  |  |
Class A Basic | $ | 3.06 |  |  | $ | 2.48 |  |  | $ | 2.26 |
Class B Basic | $ | 2.79 |  |  | $ | 2.26 |  |  | $ | 2.04 |
Diluted | $ | 2.95 |  |  | $ | 2.37 |  |  | $ | 2.12 |
We had approximately 5 million and 4 million of our stock-based compensation shares that were antidilutive for fiscal 2015 and 2014, respectively. We had no stock-based compensation shares that were antidilutive for fiscal 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.

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