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Earnings Per Share
 6 Months Ended
Mar. 28, 2015
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
 
Six Months Ended
 
March 28, 2015
 
March 29, 2014
 
March 28, 2015
 
March 29, 2014
Numerator:
 
 
 
 
 
 
 
Net Income
$
311

 
$
210

 
$
621

 
$
462

Less: Net income (loss) attributable to noncontrolling interests
1

 
(3
)
 
2

 
(5
)
Net income attributable to Tyson
310

 
213

 
619

 
467

Less dividends declared:
 
 
 
 
 
 
 
Class A
31

 
20

 
69

 
48

Class B
6

 
5

 
14

 
11

Undistributed earnings
$
273

 
$
188

 
$
536

 
$
408

 
 
 
 
 
 
 
 
Class A undistributed earnings
$
230

 
$
153

 
$
451

 
$
332

Class B undistributed earnings
43

 
35

 
85

 
76

Total undistributed earnings
$
273

 
$
188

 
$
536

 
$
408

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per share:
 
 
 
 
 
 
 
Class A weighted average shares
334

 
273

 
335

 
272

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
5

 
6

 
5

 
5

Tangible Equity Units
6

 
—

 
6

 
—

Warrants
—

 
7

 
—

 
8

Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions
415

 
356

 
416

 
355

 
 
 
 
 
 
 
 
Net Income Per Share Attributable to Tyson:
 
 
 
 
 
 
 
Class A Basic
$
0.78

 
$
0.64

 
$
1.55

 
$
1.40

Class B Basic
$
0.71

 
$
0.58

 
$
1.42

 
$
1.26

Diluted
$
0.75

 
$
0.60

 
$
1.49

 
$
1.32


Approximately 5 million of our stock-based compensation shares were antidilutive for the three and six months ended March 28, 2015. Approximately 4 million of our stock-based compensation shares were antidilutive for the three and six months ended March 29, 2014. These shares were not included in the diluted 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.