v3.26.1
Earnings Per Share
 6 Months Ended
Mar. 28, 2026
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
The following table sets forth the earnings and weighted average common shares used in the computation of basic and diluted earnings per share (in millions, except per share data): 
Three Months EndedSix Months Ended
March 28, 2026March 29, 2025March 28, 2026March 29, 2025
Numerator:
Net income$264 $14 $354 $380 
Less: Net income attributable to noncontrolling interests4 7 9 14 
Net income attributable to Tyson260 7 345 366 
Less dividends declared:
Class A 143 143 290 289 
Class B 33 32 65 64 
Undistributed earnings (losses)$84 $(168)$(10)$13 
Class A undistributed earnings (losses)$69 $(137)$(8)$11 
Class B undistributed earnings (losses)15 (31)(2)2 
Total undistributed earnings (losses)$84 $(168)$(10)$13 
Denominator:
Denominator for basic earnings per share:
Class A weighted average shares283 285 283 285 
Class B weighted average shares70 70 70 70 
Denominator for diluted earnings per share:
Class A weighted average shares283 285 283 285
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 units1 2 1 2 
Denominator for diluted earnings per share – weighted average shares and assumed conversions354 357 354 357 
Net income per share attributable to Tyson:
Class A basic$0.75 $0.02 $1.00 $1.05 
Class B basic$0.68 $0.01 $0.90 $0.94 
Diluted$0.73 $0.02 $0.97 $1.03 
Dividends Declared Per Share:
Class A$0.510 $0.500 $1.030 $1.010 
Class B$0.459 $0.450 $0.927 $0.909 
Approximately 5 million and 6 million of our stock-based compensation shares were antidilutive for the three and six months ended March 28, 2026, respectively. Approximately 6 million of our stock-based compensation shares were antidilutive for the three and six months ended March 29, 2025, 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.