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Earnings Per Share
 3 Months Ended
Dec. 30, 2023
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
December 30, 2023December 31, 2022
Numerator:
Net income$114 $320 
Less: Net income attributable to noncontrolling interests7 4 
Net income attributable to Tyson107 316 
Less dividends declared:
Class A 143 143 
Class B 31 32 
Undistributed earnings (losses)$(67)$141 
Class A undistributed earnings (losses)$(55)$116 
Class B undistributed earnings (losses)(12)25 
Total undistributed earnings (losses)$(67)$141 
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares284 286 
Class B weighted average shares70 70 
Denominator for diluted earnings per share:
Class A weighted average shares284 286 
Class B weighted average shares under the if-converted method for diluted earnings per share70 70 
Effect of dilutive securities: Stock options, restricted stock and performance units1 2 
Denominator for diluted earnings per share – weighted average shares and assumed conversions355 358 
Net income per share attributable to Tyson:
Class A basic$0.31 $0.91 
Class B basic$0.28 $0.81 
Diluted$0.30 $0.88 
Dividends Declared Per Share:
Class A$0.500 $0.500 
Class B$0.450 $0.450 
Approximately 7 million and 4 million of our stock-based compensation shares were antidilutive for the three months ended December 30, 2023 and December 31, 2022, 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 (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.