Earnings Per Share (Tables)

6 Months Ended

Mar. 31, 2018

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
	March 31, 2018		April 1, 2017		March 31, 2018		April 1, 2017
Numerator:
Net income	$	316	$	341	$	1,948	$	935
Less: Net income attributable to noncontrolling interests	1		1		2		2
Net income attributable to Tyson	315		340		1,946		933
Less dividends declared:
Class A	90		65		201		151
Class B	18		14		42		33
Undistributed earnings	$	207	$	261	$	1,703	$	749

Class A undistributed earnings	$	171	$	215	$	1,404	$	618
Class B undistributed earnings	36		46		299		131
Total undistributed earnings	$	207	$	261	$	1,703	$	749
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares	296		295		296		296
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		5		5		5
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions	370		370		371		371

Net income per share attributable to Tyson:
Class A basic	$	0.88	$	0.95	$	5.42	$	2.59
Class B basic	$	0.78	$	0.86	$	4.87	$	2.35
Diluted	$	0.85	$	0.92	$	5.25	$	2.51