Earnings Per Share (Tables)

12 Months Ended

Oct. 01, 2016

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
	2016		2015		2014
Numerator:
Net income	$	1,772	$	1,224	$	856
Less: Net income (loss) attributable to noncontrolling interests	4		4		(8		)
Net income attributable to Tyson	1,768		1,220		864
Less dividends declared:
Class A	192		129		94
Class B	41		26		21
Undistributed earnings	$	1,535	$	1,065	$	749

Class A undistributed earnings	$	1,279	$	896	$	612
Class B undistributed earnings	256		169		137
Total undistributed earnings	$	1,535	$	1,065	$	749

Denominator:
Denominator for basic earnings per share:
Class A weighted average shares	315		335		284
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
Warrants	—		—		4
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions	390		413		364

Net Income Per Share Attributable to Tyson:
Class A Basic	$	4.67	$	3.06	$	2.48
Class B Basic	$	4.24	$	2.79	$	2.26
Diluted	$	4.53	$	2.95	$	2.37