v3.25.1
Earnings Per Share
 6 Months Ended
Mar. 29, 2025
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 EndedSix Months Ended
March 29, 2025March 30, 2024March 29, 2025March 30, 2024
Numerator:
Net income$14 $148 $380 $262 
Less: Net income attributable to noncontrolling interests7 3 14 10 
Net income attributable to Tyson7 145 366 252 
Less dividends declared:
Class A 143 140 289 283 
Class B 32 31 64 62 
Undistributed earnings (losses)$(168)$(26)$13 $(93)
Class A undistributed earnings (losses)$(137)$(21)$11 $(76)
Class B undistributed earnings (losses)(31)(5)2 (17)
Total undistributed earnings (losses)$(168)$(26)$13 $(93)
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares285 284 285 284 
Class B weighted average shares70 70 70 70 
Denominator for diluted earnings per share:
Class A weighted average shares285 284 285 284
Class B weighted average shares under the if-converted method for diluted earnings per share70 70 70 70 
Effect of dilutive securities: Stock options, restricted stock and performance units2 1 2 1 
Denominator for diluted earnings per share – weighted average shares and assumed conversions357 355 357 355 
Net income per share attributable to Tyson:
Class A basic$0.02 $0.42 $1.05 $0.73 
Class B basic$0.01 $0.37 $0.94 $0.65 
Diluted$0.02 $0.41 $1.03 $0.71 
Dividends Declared Per Share:
Class A$0.500 $0.490 $1.010 $0.990 
Class B$0.450 $0.441 $0.909 $0.891 
Approximately 6 million of our stock-based compensation shares were antidilutive for the three and six months ended March 29, 2025, respectively. Approximately 7 million of our stock-based compensation shares were antidilutive for the three and six months ended March 30, 2024. 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.