Earnings Per Share (Tables)

9 Months Ended

Jul. 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				Nine Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Numerator:
Net income	$	485	$	344	$	1,380	$	965
Less: Net income attributable to noncontrolling interests	1		1		3		3
Net income attributable to Tyson	484		343		1,377		962
Less dividends declared:
Class A	45		30		149		99
Class B	9		6		31		20
Undistributed earnings	$	430	$	307	$	1,197	$	843

Class A undistributed earnings	$	358	$	258	$	999	$	709
Class B undistributed earnings	72		49		198		134
Total undistributed earnings	$	430	$	307	$	1,197	$	843
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares	312		335		318		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	6		5		6		5
Tangible equity units	—		4		—		4
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions	388		414		394		414

Net income per share attributable to Tyson:
Class A basic	$	1.29	$	0.86	$	3.61	$	2.41
Class B basic	$	1.17	$	0.78	$	3.28	$	2.20
Diluted	$	1.25	$	0.83	$	3.50	$	2.32