XML 48 R18.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Earnings Per Share | 3 Months Ended
--- | ---
Dec. 29, 2018
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 29, 2018 |  | December 30, 2017
Numerator: |  |  |
Net income | $ | 552 |  |  | $ | 1,632 |
Less: Net income attributable to noncontrolling interests | 1 |  |  | 1 |
Net income attributable to Tyson | 551 |  |  | 1,631 |
Less dividends declared: |  |  |
Class A | 133 |  |  | 111 |
Class B | 28 |  |  | 24 |
Undistributed earnings | $ | 390 |  |  | $ | 1,496 |
Class A undistributed earnings | $ | 321 |  |  | $ | 1,233 |
Class B undistributed earnings | 69 |  |  | 263 |
Total undistributed earnings | $ | 390 |  |  | $ | 1,496 |
Denominator: |  |  |
Denominator for basic earnings per share: |  |  |
Class A weighted average shares | 294 |  |  | 296 |
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 | 2 |  |  | 5 |
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions | 366 |  |  | 371 |
Net income per share attributable to Tyson: |  |  |
Class A basic | $ | 1.54 |  |  | $ | 4.54 |
Class B basic | $ | 1.39 |  |  | $ | 4.09 |
Diluted | $ | 1.50 |  |  | $ | 4.40 |
Dividends Declared Per Share: |  |  |
Class A | $ | 0.450 |  |  | $ | 0.375 |
Class B | $ | 0.405 |  |  | $ | 0.338 |
Approximately 4 million of our stock-based compensation shares were antidilutive for the three months ended December 29, 2018 and approximately 1 million for the three months ended December 30, 2017. 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://fasb.org/us-gaap/role/ref/legacyRef -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