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Earnings Per Share (Tables)

12 Months Ended

Oct. 02, 2021

Schedule Of Earnings Per Share, Basic And Diluted

The earnings and weighted average common shares used in the computation of basic and diluted earnings per share are as follows (in millions, except per share data):


	2021		2020		2019
Numerator:
Net income	$	3,060	$	2,071	$	1,993
Less: Net income attributable to noncontrolling interests	13		10		13
Net income attributable to Tyson	3,047		2,061		1,980
Less dividends declared:
Class A	532		508		465
Class B	113		108		99
Undistributed earnings	$	2,402	$	1,445	$	1,416

Class A undistributed earnings	$	1,977	$	1,189	$	1,166
Class B undistributed earnings	425		256		250
Total undistributed earnings	$	2,402	$	1,445	$	1,416

Denominator:
Denominator for basic earnings per share:
Class A weighted average shares	293		293		293
Class B weighted average shares, and shares under if-converted method for diluted earnings per share	70		70		70
Effect of dilutive securities:
Stock options and restricted stock	2		2		3


Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions	365		365		366

Net Income Per Share Attributable to Tyson:
Class A Basic	$	8.57	$	5.79	$	5.56
Class B Basic	$	7.70	$	5.21	$	4.99
Diluted	$	8.34	$	5.64	$	5.40
Dividends Declared Per Share:
Class A	$	1.805	$	1.725	$	1.575
Class B	$	1.625	$	1.553	$	1.418