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Earnings Per Share
 12 Months Ended
Jul. 28, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings per Share
The accounting guidance for earnings per share provides that unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Awards issued by the company prior to 2011 contained non-forfeitable rights to dividends or dividend equivalents.
The computation of basic and diluted earnings per share attributable to common shareowners is as follows:
 
 
2013
 
2012
 
2011
Earnings from continuing operations attributable to Campbell Soup Company
 
$
689

 
$
734

 
$
752

Less: Allocation to participating securities
 
—

 
(4
)
 
(9
)
Available to Campbell Soup Company common shareowners
 
689

 
$
730

 
$
743

 
 
 
 
 
 
 
Earnings (loss) from discontinued operations
 
$
(231
)
 
$
40

 
$
53

Less: Allocation to participating securities
 
—

 
(1
)
 
—

Available to Campbell Soup Company common shareowners
 
$
(231
)
 
$
39

 
$
53

 
 
 
 
 
 
 
Net earnings attributable to Campbell Soup Company
 
$
458

 
$
774

 
$
805

Less: Allocation to participating securities
 
—

 
(5
)
 
(9
)
Available to Campbell Soup Company common shareowners
 
$
458

 
$
769

 
$
796

 
 
 
 
 
 
 
Weighted average shares outstanding — basic
 
314

 
317

 
326

Effect of dilutive securities: stock options and other share based payment awards
 
3

 
2

 
3

Weighted average shares outstanding — diluted
 
317

 
319

 
329

 
 
 
 
 
 
 
Earnings from continuing operations attributable to Campbell Soup Company per common share:
 
 
 
 
 
 
Basic
 
$
2.19

 
$
2.30

 
$
2.28

Diluted
 
$
2.17

 
$
2.29

 
$
2.26

 
 
 
 
 
 
 
Earnings (loss) from discontinued operations per common share:
 
 
 
 
 
 
Basic
 
$
(0.74
)
 
$
0.12

 
$
0.16

Diluted
 
$
(0.73
)
 
$
0.12

 
$
0.16

 
 
 
 
 
 
 
Net earnings attributable to Campbell Soup Company per common share(1):
 
 
 
 
 
 
Basic
 
$
1.46

 
$
2.43

 
$
2.44

Diluted
 
$
1.44

 
$
2.41

 
$
2.42


___________________________________ 
(1)    The sum of the individual per share amounts may not add due to rounding.
There were no antidilutive stock options in 2013, 2012, or 2011.