XML 65 R27.htm IDEA: XBRL DOCUMENT v3.19.3
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 28, 2019
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)

 

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