XML 46 R17.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Earnings Per Share | 3 Months Ended
--- | ---
Dec. 30, 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
| December 30, 2017 |  | December 31, 2016
Numerator: |  |  |
Net income | $ | 1,632 |  |  | $ | 594 |
Less: Net income attributable to noncontrolling interests | 1 |  |  | 1 |
Net income attributable to Tyson | 1,631 |  |  | 593 |
Less dividends declared: |  |  |
Class A | 111 |  |  | 86 |
Class B | 24 |  |  | 19 |
Undistributed earnings | $ | 1,496 |  |  | $ | 488 |
Class A undistributed earnings | $ | 1,233 |  |  | $ | 403 |
Class B undistributed earnings | 263 |  |  | 85 |
Total undistributed earnings | $ | 1,496 |  |  | $ | 488 |
Denominator: |  |  |
Denominator for basic earnings per share: |  |  |
Class A weighted average shares | 296 |  |  | 297 |
Class B weighted average shares, and shares under the if-converted method for diluted earnings per share | 70 |  |  | 70 |
Effect of dilutive securities: |  |  |
Stock options, restricted stock and performance units | 5 |  |  | 6 |
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions | 371 |  |  | 373 |
Net income per share attributable to Tyson: |  |  |
Class A basic | $ | 4.54 |  |  | $ | 1.64 |
Class B basic | $ | 4.09 |  |  | $ | 1.49 |
Diluted | $ | 4.40 |  |  | $ | 1.59 |
Approximately 1 million of our stock-based compensation shares were antidilutive for the three months ended December 30, 2017 and approximately 2 million for the three months ended December 31, 2016. These shares were not included in the diluted earnings per share calculation. 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.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration