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Earnings Per Share | 9 Months Ended
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Jun. 26, 2020
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share amounts):
| Three Months Ended |  |  |  | Nine Months Ended |  |
| June 26, 2020 |  | June 28, 2019 |  | June 26, 2020 |  | June 28, 2019
Net income | $ | 129.7 |  |  | $ | 144.1 |  |  | $ | 567.9 |  |  | $ | 643.0 |
Weighted average shares outstanding – basic | 167.0 |  |  | 172.6 |  |  | 169.1 |  |  | 174.3 |
Dilutive effect of equity-based awards | 1.3 |  |  | 0.8 |  |  | 1.2 |  |  | 0.9 |
Weighted average shares outstanding – diluted | 168.3 |  |  | 173.4 |  |  | 170.3 |  |  | 175.2 |
Net income per share – basic | $ | 0.78 |  |  | $ | 0.83 |  |  | $ | 3.36 |  |  | $ | 3.69 |
Net income per share – diluted | $ | 0.77 |  |  | $ | 0.83 |  |  | $ | 3.33 |  |  | $ | 3.67 |
Anti-dilutive common stock equivalents | — |  | 1.0 |  | 0.2 |  | 1.5
Basic earnings per share are calculated by dividing net income by the weighted average number of shares of the Company’s common stock outstanding during the period. The calculation of diluted earnings per share includes the dilutive effect of equity-based awards that were outstanding during the three and nine months ended June 26, 2020, and June 28, 2019, using the treasury stock method. Certain of the Company’s outstanding share-based awards, noted in the table above, were excluded because they were anti-dilutive, but they could become dilutive in the future.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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