Earnings Per Share (Tables)

6 Months Ended

Mar. 28, 2015

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