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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 26, 2016
Calculation of Net Earnings Per Common Share

The following table represents the calculation of net earnings per common share – basic and diluted:

 

     First Quarter  
(In millions, except per share amounts)    2016      2015  

Basic Earnings Per Share

     

Numerator:

     

Net income

   $ 46       $ 45   

Denominator:

     

Weighted-average shares outstanding

     549         544   

Basic earnings per share

   $ 0.08       $ 0.08   

Diluted Earnings Per Share

     

Numerator:

     

Net income

   $ 46       $ 45   

Denominator:

     

Weighted-average shares outstanding

     549         544   

Effect of dilutive securities:

     

Stock options and restricted stock

     6         9   
  

 

 

    

 

 

 

Diluted weighted-average shares outstanding

     555         553   

Diluted earnings per share

   $ 0.08       $ 0.08