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EARNINGS (LOSS) PER SHARE (Tables)
 6 Months Ended
Jun. 29, 2019
Earnings Per Share [Abstract]  
Calculation of Net Earnings (Loss) Per Common Share

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

 

 

 

Second Quarter

 

 

First Half

 

(In millions, except per share amounts)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Basic Earnings (Loss) Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

(24

)

 

$

19

 

 

$

(16

)

 

$

52

 

Income (loss) from discontinued operations, net of tax

 

 

—

 

 

 

(3

)

 

 

—

 

 

 

5

 

Net income (loss)

 

$

(24

)

 

$

16

 

 

$

(16

)

 

$

57

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

546

 

 

 

557

 

 

 

544

 

 

 

556

 

Basic earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.04

)

 

$

0.03

 

 

$

(0.03

)

 

$

0.09

 

Discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.01

 

Net earnings (loss) per share

 

$

(0.04

)

 

$

0.03

 

 

$

(0.03

)

 

$

0.10

 

Diluted Earnings (Loss) Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

(24

)

 

$

19

 

 

$

(16

)

 

$

52

 

Income (loss) from discontinued operations, net of tax

 

 

—

 

 

 

(3

)

 

 

—

 

 

 

5

 

Net income (loss)

 

$

(24

)

 

$

16

 

 

$

(16

)

 

$

57

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

546

 

 

 

557

 

 

 

544

 

 

 

556

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock

 

 

3

 

 

 

8

 

 

 

8

 

 

 

8

 

Diluted weighted-average shares outstanding

 

 

549

 

 

 

565

 

 

 

552

 

 

 

564

 

Diluted earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.04

)

 

$

0.03

 

 

$

(0.03

)

 

$

0.09

 

Discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.01

 

Net diluted earnings (loss) per share

 

$

(0.04

)

 

$

0.03

 

 

$

(0.03

)

 

$

0.10