Earnings Per Share (Tables)

6 Months Ended

Apr. 02, 2016

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
	April 2, 2016		March 28, 2015		April 2, 2016		March 28, 2015
Numerator:
Net income	$	434	$	311	$	895	$	621
Less: Net income attributable to noncontrolling interests	2		1		2		2
Net income attributable to Tyson	432		310		893		619
Less dividends declared:
Class A	46		31		104		69
Class B	9		6		22		14
Undistributed earnings	$	377	$	273	$	767	$	536

Class A undistributed earnings	$	314	$	230	$	641	$	451
Class B undistributed earnings	63		43		126		85
Total undistributed earnings	$	377	$	273	$	767	$	536
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares	318		334		321		335
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, restricted stock and performance units	5		5		5		5
Tangible equity units	—		6		—		6
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions	393		415		396		416

Net income per share attributable to Tyson:
Class A basic	$	1.14	$	0.78	$	2.32	$	1.55
Class B basic	$	1.02	$	0.71	$	2.11	$	1.42
Diluted	$	1.10	$	0.75	$	2.25	$	1.49