XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.22.1

Earnings Per Share and Certain Related Information (Tables) | 6 Months Ended
--- | ---
Apr. 01, 2022
Earnings Per Share Reconciliation [Abstract] |
Earnings Per Share | The following table reconciles the denominator used to compute basic EPS to the denominator used to compute diluted EPS for the three and six months ended April 1, 2022 and April 2, 2021 (in thousands):
| Three Months Ended |  | Six Months Ended
| April 1, 2022 |  | April 2, 2021 |  | April 1, 2022 |  | April 2, 2021
Numerator for Basic and Diluted EPS: |  |  |  |  |  |  |
Net earnings (loss) from continuing operations allocated to common stock for EPS calculation | $ | 88,817 |  |  | $ | (275) |  |  | $ | 223,082 |  |  | $ | 256,786 |
Net (loss) earnings from discontinued operations allocated to common stock for EPS calculation | $ | (1) |  |  | $ | 11,320 |  |  | $ | (233) |  |  | $ | 11,305 |
Net earnings allocated to common stock for EPS calculation | $ | 88,816 |  |  | $ | 11,045 |  |  | $ | 222,849 |  |  | $ | 268,091 |
Denominator for Basic and Diluted EPS: |  |  |  |  |  |  |
Shares used for calculating basic EPS attributable to common stock | 129,333 |  |  | 130,262 |  |  | 129,337 |  |  | 130,115 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock compensation plans (1) | 640 |  |  | — |  |  | 796 |  |  | 1,042 |
Shares used for calculating diluted EPS attributable to common stock | 129,973 |  |  | 130,262 |  |  | 130,133 |  |  | 131,157 |
Net Earnings Per Share: |  |  |  |  |  |  |
Basic Net Earnings from Continuing Operations Per Share | $ | 0.69 |  |  | $ | — |  |  | $ | 1.72 |  |  | $ | 1.97 |
Basic Net Earnings from Discontinued Operations Per Share | $ | — |  |  | $ | 0.09 |  |  | $ | — |  |  | $ | 0.09 |
Basic Earnings Per Share | $ | 0.69 |  |  | $ | 0.08 |  |  | $ | 1.72 |  |  | $ | 2.06 |
Diluted Net Earnings from Continuing Operations Per Share | $ | 0.68 |  |  | $ | — |  |  | $ | 1.71 |  |  | $ | 1.96 |
Diluted Net Earnings from Discontinued Operations Per Share | $ | — |  |  | $ | 0.09 |  |  | $ | — |  |  | $ | 0.09 |
Diluted Earnings Per Share | $ | 0.68 |  |  | $ | 0.08 |  |  | $ | 1.71 |  |  | $ | 2.04 |
(1) For the three months ended April 2, 2021, because net earnings (loss) from continuing operations allocated to common stock for EPS was a loss, the effect of antidilutive securities of 902 equivalent shares were excluded from the denominator in calculating diluted EPS.
Share Repurchases | second fiscal quarter of 2022:
Amount Authorized (2020 Repurchase Authorization) |  | Average Price Per Share (1) |  | Total Shares Retired |  | Shares Repurchased
$1,000,000,000 |  | $131.62 |  | 737,369 |  | 737,369
(1)Includes commissions paid and calculated at the average price per share
Dividends Declared | Dividends paid through the second fiscal quarter of 2022 and the preceding fiscal year are as follows:
Declaration Date |  | Record Date |  | Payment Date |  | Cash Amount (per share) |  |
January 26, 2022 |  | February 25, 2022 |  | March 25, 2022 |  | $0.23 |  |
September 23, 2021 |  | October 15, 2021 |  | October 29, 2021 |  | $0.21 |  |
July 14, 2021 |  | July 30, 2021 |  | August 27, 2021 |  | $0.21 |  |
April 22, 2021 |  | May 28, 2021 |  | June 25, 2021 |  | $0.21 |  |
January 27, 2021 |  | February 26, 2021 |  | March 26, 2021 |  | $0.21 |  |
September 17, 2020 |  | October 2, 2020 |  | October 30, 2020 |  | $0.19 |  |

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareReconciliationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
Name: | us-gaap_ScheduleOfTreasuryStockByClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration