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Earnings Per Share
 3 Months Ended
Jan. 02, 2021
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
January 1, 2022January 2, 2021
Numerator:
Net income$1,126 $472 
Less: Net income attributable to noncontrolling interests5 5 
Net income attributable to Tyson1,121 467 
Less dividends declared:
Class A 140 138 
Class B 30 30 
Undistributed earnings$951 $299 
Class A undistributed earnings$782 $246 
Class B undistributed earnings169 53 
Total undistributed earnings$951 $299 
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares292 293 
Class B weighted average shares, and shares under the if-converted method for diluted earnings per share70 70 
Effect of dilutive securities:
Stock options, restricted stock and performance units3 2 
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversions365 365 
Net income per share attributable to Tyson:
Class A basic$3.16 $1.31 
Class B basic$2.84 $1.18 
Diluted$3.07 $1.28 
Dividends Declared Per Share:
Class A$0.475 $0.470 
Class B$0.428 $0.423 
Approximately 2 million and 6 million of our stock-based compensation shares were antidilutive for the three months ended January 1, 2022 and January 2, 2021, respectively. 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 1.0 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.