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Earnings Per Share
6 Months Ended
Mar. 31, 2012
Earnings Per Share

8. Earnings Per Share

Diluted earnings per share amounts are based upon the weighted average number of common and common equivalent shares outstanding during the period and are calculated using the treasury stock method for equity-based compensation awards (Awards). A reconciliation of the weighted average number of common and common equivalent shares outstanding and Awards excluded from the diluted earnings per share calculation, as they were anti-dilutive, is as follows:

 

     Quarter Ended      Six Months Ended  
     March 31,
2012
     April 2,
2011
     March 31,
2012
     April 2,
2011
 

Shares (in millions):

           

Weighted average number of common shares outstanding (basic)

     1,793         1,899         1,795         1,895   

Weighted average dilutive impact of equity-based compensation awards

     25         35         26         35   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average number of common and common equivalent shares outstanding (diluted)

     1,818         1,934         1,821         1,930   
  

 

 

    

 

 

    

 

 

    

 

 

 

Awards excluded from diluted earnings per share

     19         11         15         6