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Earnings Per Share (Tables)
3 Months Ended
Apr. 02, 2017
Earnings Per Share [Abstract]  
Reconciliation of Basic Net Earnings per Share to Diluted Net Earnings per Share
The following is a reconciliation of basic net earnings per share to diluted net earnings per share for the fiscal first quarters ended April 2, 2017 and April 3, 2016:
 
 
Fiscal First Quarters Ended
 
(Shares in Millions)
 
April 2, 2017
 
April 3, 2016
*
Basic net earnings per share
 
$
1.63

 
1.62

 
Average shares outstanding — basic
 
2,706.6

 
2,757.2

 
Potential shares exercisable under stock option plans
 
141.2

 
145.7

 
Less: shares which could be repurchased under treasury stock method
 
(94.6
)
 
(101.1
)
 
Convertible debt shares
 
1.3

 
2.0

 
Average shares outstanding — diluted
 
2,754.5

 
2,803.8

 
Diluted net earnings per share
 
$
1.61

 
1.59

 

*The fiscal first quarter of 2016 has been recast to reflect the adoption of ASU 2016-09. See Note 1 to the Consolidated Financial Statements in the Annual Report on Form 10-K for the fiscal year ended January 1, 2017 for more detailed information regarding the adoption of ASU 2016-09.