Quarterly report pursuant to Section 13 or 15(d)

Capital Stock

v3.22.4
Capital Stock
 3 Months Ended
Dec. 25, 2022
Stockholders' Equity Attributable to Parent [Abstract]  
Capital Stock Capital StockStock Repurchase Program. On October 12, 2021, we announced a $10.0 billion stock repurchase program. The stock repurchase program has no expiration date. At December 25, 2022, $6.8 billion remained authorized for repurchase under our stock repurchase program. Since December 25, 2022, we repurchased and retired 5 million shares of common stock for $531 million.
Shares Outstanding. Shares of common stock outstanding at December 25, 2022 were as follows (in millions):
Balance at September 25, 2022
 1,121 
Issued 9 
Repurchased (11)
Balance at December 25, 2022
 1,119 
Dividends. On January 18, 2023, we announced a cash dividend of $0.75 per share on our common stock, payable on March 23, 2023 to stockholders of record as of the close of business on March 2, 2023.
Earnings Per Common Share. Basic earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per share is computed by dividing net income by the combination of the weighted-average number of common shares outstanding and the weighted-average number of dilutive common share equivalents, comprised of shares issuable under our share-based compensation plans, during the reporting period. The following table provides information about the diluted earnings per share calculation (in millions):
  Three Months Ended
December 25,
2022		 December 26,
2021
Dilutive common share equivalents included in diluted shares 9  18 
Shares of common stock equivalents not included because the effect would be anti-dilutive or certain performance conditions were not satisfied at the end of the period 5  —