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EARNINGS PER SHARE | 9 Months Ended
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Sep. 28, 2019
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE 7. EARNINGS PER 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) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Basic Earnings Per Share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income from continuing operations |  | $ | 60 |  |  | $ | 60 |  |  | $ | 44 |  |  | $ | 113 |
Income from discontinued operations, net of tax |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |
Net income |  | $ | 60 |  |  | $ | 60 |  |  | $ | 44 |  |  | $ | 118 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 546 |  |  |  | 551 |  |  |  | 545 |  |  |  | 555 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.11 |  |  | $ | 0.11 |  |  | $ | 0.08 |  |  | $ | 0.20 |
Discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.01 |
Net earnings per share |  | $ | 0.11 |  |  | $ | 0.11 |  |  | $ | 0.08 |  |  | $ | 0.21 |
Diluted Earnings Per Share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income from continuing operations |  | $ | 60 |  |  | $ | 60 |  |  | $ | 44 |  |  | $ | 113 |
Income from discontinued operations, net of tax |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |
Net income |  | $ | 60 |  |  | $ | 60 |  |  | $ | 44 |  |  | $ | 118 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 546 |  |  |  | 551 |  |  |  | 545 |  |  |  | 555 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options and restricted stock |  |  | 3 |  |  |  | 13 |  |  |  | 8 |  |  |  | 9 |
Diluted weighted-average shares outstanding |  |  | 549 |  |  |  | 564 |  |  |  | 553 |  |  |  | 564 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.11 |  |  | $ | 0.11 |  |  | $ | 0.08 |  |  | $ | 0.20 |
Discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.01 |
Net diluted earnings per share |  | $ | 0.11 |  |  | $ | 0.11 |  |  | $ | 0.08 |  |  | $ | 0.21 |
Awards of stock options and nonvested shares representing approximately 13 million and 8 million additional shares of common stock were outstanding for the third quarter and year-to-date 2019, respectively, and approximately 6 million and 7 million for the third quarter and year-to-date 2018, but were not included in the computation of diluted weighted-average shares outstanding because their effect would have been antidilutive.

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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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