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Earnings Per Share
 6 Months Ended
Jul. 02, 2016
Earnings Per Share [Abstract]  
Earnings per share [Text Block]
EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY

Earnings per Share

A reconciliation of the numerators and denominators used in the basic and diluted earnings per share ("EPS") calculation is as follows (in millions):
 
Three Months Ended
 
Six Months Ended
 
July 2,
2016
 
June 27,
2015
 
July 2,
2016
 
June 27,
2015
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
194.3

 
$
56.4

 
$
(140.3
)
 
$
(38.4
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding for basic EPS
143.2

 
146.3

 
143.2

 
143.5

Dilutive effect of share-based awards*
0.4

 
0.5

 
—

 
—

Weighted average shares outstanding for diluted EPS
143.6

 
146.8

 
143.2

 
143.5

 
 
 
 
 
 
 
 
Anti-dilutive share-based awards excluded from computation of diluted EPS*
1.0

 
—

 
—

 
—


* In the period of a net loss, diluted shares equal basic shares.

Shareholders' Equity

Shares

We issued 19,000 and 57,000 shares related to the exercise and vesting of share-based compensation during the three months ended July 2, 2016 and June 27, 2015, respectively. We issued 98,000 and 92,000 shares related to the exercise and vesting of share-based compensation during the six months ended July 2, 2016 and June 27, 2015, respectively.

Share Repurchases

In October 2015, the Board of Directors approved a share repurchase plan of up to $2.0 billion, of which $1.5 billion is still available to be repurchased through December 31, 2018. We did not repurchase any shares under the share repurchase plan during the six months ended July 2, 2016.