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Earnings Per Share (Tables)
9 Months Ended
Jun. 27, 2020
Earnings Per Share [Abstract]  
Schedule Of Earnings Per Share, Basic And Diluted
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 27, 2020
 
June 29, 2019
 
June 27, 2020
 
June 29, 2019
Numerator:
 
 
 
 
 
 
 
Net income
$
527

 
$
681

 
$
1,455

 
$
1,663

Less: Net income attributable to noncontrolling interests

 
5

 
7

 
10

Net income attributable to Tyson
527

 
676

 
1,448

 
1,653

Less dividends declared:
 
 
 
 
 
 
 
Class A
124

 
110

 
384

 
353

Class B
26

 
25

 
82

 
76

Undistributed earnings
$
377

 
$
541

 
$
982

 
$
1,224

 
 
 
 
 
 
 
 
Class A undistributed earnings
$
310

 
$
446

 
$
808

 
$
1,008

Class B undistributed earnings
67

 
95

 
174

 
216

Total undistributed earnings
$
377

 
$
541

 
$
982

 
$
1,224

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per share:
 
 
 
 
 
 
 
Class A weighted average shares
292

 
293

 
293

 
293

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
2

 
4

 
3

 
3

Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions
364

 
367

 
366

 
366

 
 
 
 
 
 
 
 
Net income per share attributable to Tyson:
 
 
 
 
 
 
 
Class A basic
$
1.48

 
$
1.90

 
$
4.07

 
$
4.64

Class B basic
$
1.33

 
$
1.71

 
$
3.65

 
$
4.17

Diluted
$
1.44

 
$
1.84

 
$
3.96

 
$
4.51

Dividends Declared Per Share:
 
 
 
 
 
 
 
Class A
$
0.420

 
$
0.375

 
$
1.305

 
$
1.200

Class B
$
0.378

 
$
0.338

 
$
1.175

 
$
1.081