Quarterly report pursuant to Section 13 or 15(d)

Capital Stock

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Capital Stock
 6 Months Ended
Mar. 24, 2024
Equity, Attributable to Parent [Abstract]  
Capital Stock Capital Stock
Stock Repurchase Program. On October 12, 2021, we announced a $10.0 billion stock repurchase program. The stock repurchase program has no expiration date. At March 24, 2024, $3.6 billion remained authorized for repurchase under our stock repurchase program.
Shares Outstanding. Shares of common stock outstanding at March 24, 2024 were as follows (in millions):
Balance at September 24, 2023
 1,114 
Issued 15 
Repurchased (11)
Balance at March 24, 2024
 1,118 
Dividends. On March 5, 2024, we announced an increase in our quarterly dividend per share of common stock from $0.80 to $0.85, which is effective for dividends payable after March 21, 2024. On April 17, 2024, we announced a cash dividend of $0.85 per share on our common stock, payable on June 20, 2024 to stockholders of record as of the close of business on May 30, 2024.
Earnings Per Common Share. Basic earnings per 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, using the treasury stock method. The following table provides information about the diluted earnings per share calculation (in millions):
  Three Months Ended Six Months Ended
March 24,
2024		 March 26,
2023		 March 24,
2024		 March 26,
2023
Dilutive common share equivalents included in diluted shares 13  7  12  8 
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  7  5