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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 EndedSix Months Ended
April 1, 2022April 2, 2021April 1, 2022April 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 stock129,333 130,262 129,337 130,115 
Effect of dilutive securities:
Stock compensation plans (1)640 — 796 1,042 
Shares used for calculating diluted EPS attributable to common stock129,973 130,262 130,133 131,157 
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 RetiredShares Repurchased
$1,000,000,000$131.62737,369737,369
(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 DateRecord DatePayment DateCash Amount (per share)
January 26, 2022February 25, 2022March 25, 2022$0.23
September 23, 2021October 15, 2021October 29, 2021$0.21
July 14, 2021July 30, 2021August 27, 2021$0.21
April 22, 2021May 28, 2021June 25, 2021$0.21
January 27, 2021February 26, 2021March 26, 2021$0.21
September 17, 2020October 2, 2020October 30, 2020$0.19