Quarterly report pursuant to Section 13 or 15(d)

Capital Stock

v3.22.0.1
Capital Stock
 3 Months Ended
Dec. 26, 2021
Stockholders' Equity Attributable to Parent [Abstract]  
Capital Stock Capital Stock
Stock Repurchase Program. On October 12, 2021, we announced a new $10.0 billion stock repurchase program, which was in addition to the then-remaining repurchase authority of $0.9 billion under the previous program. The stock repurchase programs have no expiration date. At December 26, 2021, $10.1 billion remained authorized for repurchase under our stock repurchase programs.
Shares Outstanding. Shares of common stock outstanding at December 26, 2021 were as follows (in millions):
Three Months Ended
December 26,
2021
Balance at beginning of period 1,125 
Issued 8 
Repurchased (8)
Balance at end of period 1,125 
Dividends. On January 18, 2022, we announced a cash dividend of $0.68 per share on our common stock, payable on March 24, 2022 to stockholders of record as of the close of business on March 3, 2022.
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 dilutive common share equivalents, comprised of shares issuable under our share-based compensation plans and the weighted-average number of common shares outstanding during the reporting period. The following table provides information about the diluted earnings per share calculation (in millions):
  Three Months Ended
December 26,
2021		 December 27,
2020
Dilutive common share equivalents included in diluted shares 18  22 
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 —  —