Earnings Per Share (Tables)

9 Months Ended

Jun. 30, 2018

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
	June 30, 2018		July 1, 2017		June 30, 2018		July 1, 2017
Numerator:
Net income	$	542	$	448	$	2,490	$	1,383
Less: Net income attributable to noncontrolling interests	1		1		3		3
Net income attributable to Tyson	541		447		2,487		1,380
Less dividends declared:
Class A	88		66		289		217
Class B	19		14		61		47
Undistributed earnings	$	434	$	367	$	2,137	$	1,116

Class A undistributed earnings	$	358	$	302	$	1,762	$	920
Class B undistributed earnings	76		65		375		196
Total undistributed earnings	$	434	$	367	$	2,137	$	1,116
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares	295		296		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		4		4		5
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions	369		370		370		371

Net income per share attributable to Tyson:
Class A basic	$	1.52	$	1.24	$	6.94	$	3.84
Class B basic	$	1.37	$	1.12	$	6.24	$	3.47
Diluted	$	1.47	$	1.21	$	6.72	$	3.72