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Earnings Per Share
 12 Months Ended
Oct. 01, 2022
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
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):
202220212020
Numerator:
Net income$3,249 $3,060 $2,071 
Less: Net income attributable to noncontrolling interests11 13 10 
Net income attributable to Tyson3,238 3,047 2,061 
Less dividends declared:
Class A539 532 508 
Class B117 113 108 
Undistributed earnings$2,582 $2,402 $1,445 
Class A undistributed earnings$2,122 $1,977 $1,189 
Class B undistributed earnings460 425 256 
Total undistributed earnings$2,582 $2,402 $1,445 
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares290 293 293 
Class B weighted average shares, and shares under if-converted method for diluted earnings per share70 70 70 
Effect of dilutive securities:
Stock options, restricted stock and performance units3 2 2 
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions363 365 365 
Net Income Per Share Attributable to Tyson:
Class A Basic$9.18 $8.57 $5.79 
Class B Basic$8.25 $7.70 $5.21 
Diluted
$8.92 $8.34 $5.64 
Dividends Declared Per Share:
Class A$1.855 $1.805 $1.725 
Class B$1.670 $1.625 $1.553 
Approximately 2 million, 4 million, and 2 million of our stock-based compensation shares were antidilutive for fiscal 2022, 2021, and 2020. These shares were not included in the dilutive 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.