Earnings Per Share and Shareholders Equity

9 Months Ended

Oct. 01, 2016

Earnings Per Share and Shareholders Equity

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					Nine Months Ended
	October 1, 2016			September 26, 2015		October 1, 2016			September 26, 2015
	Restated			Restated		Restated			Restated
Numerator:
Net income (loss)	$	(1,590.2	)	$	260.9	$	(2,653.7	)	$	216.4

Denominator:
Weighted average shares outstanding for basic EPS	143.3			146.3		143.2			144.4
Dilutive effect of share-based awards*	—			0.6		—			0.6
Weighted average shares outstanding for diluted EPS	143.3			146.9		143.2			145.0

Anti-dilutive share-based awards excluded from computation of diluted EPS*	—			0.1		—			—

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

Shareholders' Equity

We issued shares related to the exercise and vesting of share-based compensation as follows:



Three Months Ended		Nine Months Ended
October 1, 2016	September 26, 2015	October 1, 2016	September 26, 2015
185,000	154,000	283,000	246,000

Share Repurchases

On October 22, 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 nine months ended October 1, 2016.