Quarterly report pursuant to Section 13 or 15(d)

Capital Stock

v3.24.2
Capital Stock
 9 Months Ended
Jun. 23, 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 June 23, 2024, $2.3 billion remained authorized for repurchase under our stock repurchase program.
Shares Outstanding. Shares of common stock outstanding at June 23, 2024 were as follows (in millions):
Balance at September 24, 2023
 1,114 
Issued 20 
Repurchased (18)
Balance at June 23, 2024
 1,116 
Dividends. On July 17, 2024, we announced a cash dividend of $0.85 per share on our common stock, payable on September 26, 2024 to stockholders of record as of the close of business on September 5, 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 Nine Months Ended
June 23,
2024		 June 25,
2023		 June 23,
2024		 June 25,
2023
Dilutive common share equivalents included in diluted shares 18  9  14  9 
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 —  8  5  6