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Earnings Per Share | 9 Months Ended
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Jul. 01, 2017
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE 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 1, 2017 |  | July 2, 2016 |  | July 1, 2017 |  | July 2, 2016
Numerator: |  |  |  |  |  |  |
Net income | $ | 448 |  |  | $ | 485 |  |  | $ | 1,383 |  |  | $ | 1,380 |
Less: Net income attributable to noncontrolling interests | 1 |  |  | 1 |  |  | 3 |  |  | 3 |
Net income attributable to Tyson | 447 |  |  | 484 |  |  | 1,380 |  |  | 1,377 |
Less dividends declared: |  |  |  |  |  |  |
Class A | 66 |  |  | 45 |  |  | 217 |  |  | 149 |
Class B | 14 |  |  | 9 |  |  | 47 |  |  | 31 |
Undistributed earnings | $ | 367 |  |  | $ | 430 |  |  | $ | 1,116 |  |  | $ | 1,197 |
Class A undistributed earnings | $ | 302 |  |  | $ | 358 |  |  | $ | 920 |  |  | $ | 999 |
Class B undistributed earnings | 65 |  |  | 72 |  |  | 196 |  |  | 198 |
Total undistributed earnings | $ | 367 |  |  | $ | 430 |  |  | $ | 1,116 |  |  | $ | 1,197 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per share: |  |  |  |  |  |  |
Class A weighted average shares | 296 |  |  | 312 |  |  | 296 |  |  | 318 |
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 | 4 |  |  | 6 |  |  | 5 |  |  | 6 |
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions | 370 |  |  | 388 |  |  | 371 |  |  | 394 |
Net income per share attributable to Tyson: |  |  |  |  |  |  |
Class A basic | $ | 1.24 |  |  | $ | 1.29 |  |  | $ | 3.84 |  |  | $ | 3.61 |
Class B basic | $ | 1.12 |  |  | $ | 1.17 |  |  | $ | 3.47 |  |  | $ | 3.28 |
Diluted | $ | 1.21 |  |  | $ | 1.25 |  |  | $ | 3.72 |  |  | $ | 3.50 |
Approximately 1 million of our stock-based compensation shares were antidilutive for each of the three and nine months ended July 1, 2017. We had no stock-based compensation shares that were antidilutive for the three and nine months ended July 2, 2016. We have two classes of capital stock, Class A stock and Class B stock. Cash dividends cannot be paid to holders of Class B stock unless they are simultaneously paid to holders of Class A stock. The per share amount of cash dividends paid to holders of Class B stock cannot exceed 90% of the cash dividends paid to holders of Class A stock. We allocate undistributed earnings based upon a 1 to 0.9 ratio per share to Class A stock and Class B stock, respectively. We allocate undistributed earnings based on this ratio due to historical dividend patterns, voting control of Class B shareholders and contractual limitations of dividends to Class B stock.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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