v3.24.1.u1
Basic and Diluted Earnings Per Share (Tables)
 6 Months Ended
Mar. 30, 2024
Basic and Diluted Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share
The following tables provide a reconciliation of the numerator and denominator of the basic and diluted EPS calculations:

 
Quarterly Period Ended
    
Two Quarterly Periods Ended
  
(in millions, except per share amounts)
  
March 30, 2024
    
April 1, 2023
    
March 30, 2024
    
April 1, 2023
  
Numerator
                        
Consolidated net income
  
$
116
    
$
174
    
$
175
    
$
280
  
Denominator
                                
Weighted average common shares outstanding - basic
    
115.6
      
120.7
      
115.6
      
122.2
  
Dilutive shares
    
2.6
      
1.8
      
2.9
      
1.1
  
Weighted average common and common equivalent shares outstanding - diluted
    
118.2
      
122.5
      
118.5
      
123.3
  
                                 
Per common share earnings
                                
Basic
  
$
1.00
    
$
1.44
    
$
1.51
    
$
2.29
  
Diluted
  
$
0.98
    
$
1.42
    
$
1.48
    
$
2.27