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Earnings Per Share
 12 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS (LOSS) PER SHARE
The earnings and weighted average common shares used in the computation of basic and diluted earnings per share are as follows for fiscal years ended 2023, 2022 and 2021 (in millions, except per share data):
202320222021
Numerator:
Net income (loss)$(649)$3,249 $3,060 
Less: Net income (loss) attributable to noncontrolling interests(1)11 13 
Net income (loss) attributable to Tyson(648)3,238 3,047 
Less dividends declared:
Class A554 539 532 
Class B122 117 113 
Undistributed earnings (losses)$(1,324)$2,582 $2,402 
Class A undistributed earnings (losses)$(1,084)$2,122 $1,977 
Class B undistributed earnings (losses)(240)460 425 
Total undistributed earnings (losses)$(1,324)$2,582 $2,402 
Denominator:
Denominator for basic earnings (loss) per share:
Class A weighted average shares284 290 293 
Class B weighted average shares70 70 70 
Denominator for diluted earnings (loss) per share:
Class A weighted average shares284 290 293 
Class B weighted average shares under if-converted method for diluted earnings (loss) per share(a)
— 70 70 
Effect of dilutive securities: Stock options, restricted stock and performance units— 3 2 
Denominator for diluted earnings (loss) per share – weighted average shares and assumed conversions(a)
284 363 365 
Net income (loss) per share attributable to Tyson:
Class A Basic$(1.87)$9.18 $8.57 
Class B Basic$(1.68)$8.25 $7.70 
Diluted(a)
$(1.87)$8.92 $8.34 
Dividends Declared Per Share:
Class A$1.940 $1.855 $1.805 
Class B$1.746 $1.670 $1.625 
(a) For fiscal 2023, as the Company is in a net loss position, the impact of the Class B shares under the if-converted method is antidilutive and therefore we have not assumed conversion. As a result, the Class B weighted average shares, dividends declared and undistributed losses were excluded for the purposes of calculating Net Income (Loss) Per Share Attributable to Tyson on a diluted basis.
Approximately 9 million, 2 million, and 4 million of our stock-based compensation shares were antidilutive for fiscal 2023, 2022 and 2021. 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 (losses) based upon a 1 to 0.9 ratio per share to Class A stock and Class B stock, respectively. We allocate undistributed earnings (losses) based on this ratio due to historical dividend patterns, voting control of Class B shareholders and contractual limitations of dividends to Class B stock.