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Earnings Per Share | 9 Months Ended
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Oct. 03, 2021
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:
|  | Fiscal Third Quarter Ended |  | Fiscal Nine Months Ended
(Shares in Millions) |  | October 3, 2021 |  | September 27, 2020 |  | October 3, 2021 |  | September 27, 2020
Basic net earnings per share |  | $ | 1.39 |  |  | 1.35 |  |  | 6.13 |  |  | 4.93 |
Average shares outstanding — basic |  | 2,632.6 |  |  | 2,632.5 |  |  | 2,632.2 |  |  | 2,633.0 |
Potential shares exercisable under stock option plans |  | 138.3 |  |  | 115.7 |  |  | 139.1 |  |  | 120.2 |
Less: shares which could be repurchased under treasury stock method |  | (96.0) |  |  | (78.9) |  |  | (96.7) |  |  | (82.4) |
Average shares outstanding — diluted |  | 2,674.9 |  |  | 2,669.3 |  |  | 2,674.6 |  |  | 2,670.8 |
Diluted net earnings per share |  | $ | 1.37 |  |  | 1.33 |  |  | 6.04 |  |  | 4.86 |
The diluted net earnings per share calculation for the fiscal third quarter ended October 3, 2021 included all shares related to stock options, as the exercise price of all options was less than the average market value of the Company’s stock. The diluted net earnings per share calculation for the fiscal third quarter ended September 27, 2020 excluded 20 million shares related to stock options, as the exercise price of these options was greater than their average market value. The diluted net earnings per share calculation for the fiscal nine months ended October 3, 2021 included all shares related to stock options, as the exercise price of all options was less than the average market value of the Company's stock. The diluted net earnings per share calculation for the fiscal nine months ended September 27, 2020 excluded 17 million shares related to stock options, as the exercise price of these options was greater than their average market value.

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