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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 29, 2018
Earnings Per Share [Abstract]  
Calculation of Net Earnings Per Common Share

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

 

 

 

Third Quarter

 

 

Year-to-Date

 

(In millions, except per share amounts)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Basic Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

60

 

 

$

98

 

 

$

113

 

 

$

195

 

Income from discontinued operations, net of tax

 

 

—

 

 

 

(6

)

 

 

5

 

 

 

38

 

Net income

 

$

60

 

 

$

92

 

 

$

118

 

 

$

233

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

551

 

 

 

518

 

 

 

555

 

 

 

517

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.11

 

 

$

0.19

 

 

$

0.20

 

 

$

0.38

 

Discontinued operations

 

 

—

 

 

 

(0.01

)

 

 

0.01

 

 

 

0.07

 

Net earnings per share

 

$

0.11

 

 

$

0.18

 

 

$

0.21

 

 

$

0.45

 

Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

60

 

 

$

98

 

 

$

113

 

 

$

195

 

Income from discontinued operations, net of tax

 

 

—

 

 

 

(6

)

 

 

5

 

 

 

38

 

Net income

 

$

60

 

 

$

92

 

 

$

118

 

 

$

233

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

551

 

 

 

518

 

 

 

555

 

 

 

517

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock

 

 

13

 

 

 

13

 

 

 

9

 

 

 

15

 

Diluted weighted-average shares outstanding

 

 

564

 

 

 

531

 

 

 

564

 

 

 

532

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.11

 

 

$

0.19

 

 

$

0.20

 

 

$

0.37

 

Discontinued operations

 

 

—

 

 

 

(0.01

)

 

 

0.01

 

 

 

0.07

 

Net diluted earnings per share

 

$

0.11

 

 

$

0.17

 

 

$

0.21

 

 

$

0.44