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Earnings Per Share | 9 Months Ended
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Sep. 27, 2015
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE The following is a reconciliation of basic net earnings per share to diluted net earnings per share for the fiscal third quarters ended September 27, 2015 and September 28, 2014:
|  | Fiscal Third Quarters Ended
(Shares in Millions) |  | September 27, 2015 |  | September 28, 2014
Basic net earnings per share |  | $ | 1.21 |  |  | 1.69 |
Average shares outstanding — basic |  | 2,768.4 |  |  | 2,814.4 |
Potential shares exercisable under stock option plans |  | 129.4 |  |  | 148.4 |
Less: shares which could be repurchased under treasury stock method |  | (92.8 | ) |  | (101.2 | )
Convertible debt shares |  | 2.2 |  |  | 2.7 |
Average shares outstanding — diluted |  | 2,807.2 |  |  | 2,864.3 |
Diluted earnings per share |  | $ | 1.20 |  |  | 1.66 |
The diluted earnings per share calculation for both the fiscal third quarters ended September 27, 2015 and September 28, 2014 included the dilutive effect of convertible debt that was offset by the related reduction in interest expense. The diluted net earnings per share calculation for the fiscal third quarter ended September 27, 2015 excluded 20 million shares related to stock options, as the exercise price of these options was greater than their average market value, which would result in an anti-dilutive effect on diluted earnings per share. Diluted earnings per share calculation for the fiscal third quarter ended September 28, 2014 included all shares related to stock options, as there were no options or other instruments which were anti-dilutive. The following is a reconciliation of basic net earnings per share to diluted net earnings per share for the fiscal nine months ended September 27, 2015 and September 28, 2014:
|  | Fiscal Nine Months Ended
(Shares in Millions) |  | September 27, 2015 |  | September 28, 2014
Basic net earnings per share |  | $ | 4.39 |  |  | 4.89 |
Average shares outstanding — basic |  | 2,774.8 |  |  | 2,822.0 |
Potential shares exercisable under stock option plans |  | 129.1 |  |  | 148.8 |
Less: shares which could be repurchased under treasury stock method |  | (89.0 | ) |  | (102.3 | )
Convertible debt shares |  | 2.2 |  |  | 2.7 |
Average shares outstanding — diluted |  | 2,817.1 |  |  | 2,871.2 |
Diluted earnings per share |  | $ | 4.33 |  |  | 4.81 |
The diluted earnings per share calculation for both the fiscal nine months ended September 27, 2015 and September 28, 2014 included the dilutive effect of convertible debt that was offset by the related reduction in interest expense. The diluted net earnings per share calculation for the fiscal nine months ended September 27, 2015 excluded 20 million shares related to stock options, as the exercise price of these options was greater than their average market value, which would result in an anti-dilutive effect on diluted earnings per share. Diluted net earnings per share calculation for the fiscal nine months ended September 28, 2014 included all shares related to stock options, as there were no options or other instruments which were anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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