Earnings Per Share

6 Months Ended

Jan. 02, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings per share is computed by dividing income available to shareholders by the weighted-average number of shares outstanding during the period. Diluted earnings per share is computed by dividing income available to shareholders by the weighted-average number of shares outstanding during the period and the number of additional shares that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding options, unvested restricted share units and shares to be purchased under the ESPP. The dilutive effect of potentially dilutive securities is reflected in diluted earnings per share by application of the treasury stock method. Under the treasury stock method, an increase in fair market value of the Company’s share price can result in a greater dilutive effect from potentially dilutive securities. The following table sets forth the computation of basic and diluted net income per share attributable to the shareholders of Seagate Technology plc:

	For the Three Months Ended				For the Six Months Ended
(In millions, except per share data)	January 2, 2015		December 27, 2013		January 2, 2015		December 27, 2013
Numerator:
Net income attributable to Seagate Technology plc	$	933	$	428	$	1,314	$	855
Number of shares used in per share calculations:
Total shares for purposes of calculating basic net income per share attributable to Seagate Technology plc	328		336		327		347
Weighted-average effect of dilutive securities:
Employee equity award plans	8		10		9		10
Total shares for purpose of calculating diluted net income per share attributable to Seagate Technology plc	336		346		336		357
Net income per share attributable to Seagate Technology plc shareholders:
Basic	$	2.84	$	1.27	$	4.02	$	2.46
Diluted	$	2.78	$	1.24	$	3.91	$	2.39

The anti-dilutive shares related to employee equity award plans that were excluded from the computation of diluted net income per share attributable to Seagate Technology plc were immaterial for the three and six months endedJanuary 2, 2015 and December 27, 2013.