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Earnings Per Share
 6 Months Ended
Apr. 01, 2023
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS (LOSS) PER SHARE
The following table sets forth the computation of basic and diluted earnings (loss) per share (in millions, except per share data): 
Three Months EndedSix Months Ended
April 1, 2023April 2, 2022April 1, 2023April 2, 2022
Numerator:
Net income (loss)$(91)$833 $229 $1,959 
Less: Net income attributable to noncontrolling interests6 4 10 9 
Net income (loss) attributable to Tyson(97)829 219 1,950 
Less dividends declared:
Class A 136 134 279 274 
Class B 30 29 62 59 
Undistributed earnings (losses)$(263)$666 $(122)$1,617 
Class A undistributed earnings (losses)$(216)$547 $(100)$1,329 
Class B undistributed earnings (losses)(47)119 (22)288 
Total undistributed earnings (losses)$(263)$666 $(122)$1,617 
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares284 291 285 291 
Class B weighted average shares, and shares under the if-converted method for diluted earnings per share70 70 70 70 
Effect of dilutive securities:
Stock options, restricted stock and performance units— 3 1 3 
Denominator for diluted earnings (loss) per share – adjusted weighted average shares and assumed conversions354 364 356 364 
Net income (loss) per share attributable to Tyson:
Class A basic$(0.28)$2.34 $0.63 $5.50 
Class B basic$(0.25)$2.11 $0.56 $4.95 
Diluted$(0.28)$2.28 $0.61 $5.35 
Dividends Declared Per Share:
Class A$0.480 $0.460 $0.980 $0.935 
Class B$0.432 $0.414 $0.882 $0.842 
Approximately 10 million and 5 million of our stock-based compensation shares were antidilutive for the three and six months ended April 1, 2023, respectively. Approximately 2 million of our stock-based compensation shares were antidilutive for the three and six months ended April 2, 2022. 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 1.0 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.