Earnings Per Share (Tables)

9 Months Ended

Jun. 29, 2019

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 29, 2019		June 30, 2018		June 29, 2019		June 30, 2018
Numerator:
Net income	$	681	$	542	$	1,663	$	2,490
Less: Net income attributable to noncontrolling interests	5		1		10		3
Net income attributable to Tyson	676		541		1,653		2,487
Less dividends declared:
Class A	110		88		353		289
Class B	25		19		76		61
Undistributed earnings	$	541	$	434	$	1,224	$	2,137

Class A undistributed earnings	$	446	$	358	$	1,008	$	1,762
Class B undistributed earnings	95		76		216		375
Total undistributed earnings	$	541	$	434	$	1,224	$	2,137

Denominator:
Denominator for basic earnings per share:
Class A weighted average shares	293		295		293		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		3		4
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions	367		369		366		370

Net income per share attributable to Tyson:
Class A basic	$	1.90	$	1.52	$	4.64	$	6.94
Class B basic	$	1.71	$	1.37	$	4.17	$	6.24
Diluted	$	1.84	$	1.47	$	4.51	$	6.72
Dividends Declared Per Share:
Class A	$	0.375	$	0.300	$	1.200	$	0.975
Class B	$	0.338	$	0.270	$	1.081	$	0.878