Earnings Per Share (Tables)

9 Months Ended

Jun. 27, 2015

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 27, 2015		June 28, 2014			June 27, 2015		June 28, 2014
Numerator:
Net Income	$	344	$	258		$	965	$	720
Less: Net income (loss) attributable to noncontrolling interests	1		(2		)	3		(7		)
Net income attributable to Tyson	343		260			962		727
Less dividends declared:
Class A	30		21			99		69
Class B	6		5			20		16
Undistributed earnings	$	307	$	234		$	843	$	642

Class A undistributed earnings	$	258	$	190		$	709	$	522
Class B undistributed earnings	49		44			134		120
Total undistributed earnings	$	307	$	234		$	843	$	642
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares	335		280			335		275
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	4		—			4		—
Warrants	—		—			—		5
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions	414		356			414		355

Net Income Per Share Attributable to Tyson:
Class A Basic	$	0.86	$	0.75		$	2.41	$	2.15
Class B Basic	$	0.78	$	0.68		$	2.20	$	1.94
Diluted	$	0.83	$	0.73		$	2.32	$	2.05