Net Income Per Common Share (Tables)

3 Months Ended

Oct. 02, 2015

Income From Continuing Operations Per Share (Tables) [Abstract]

Net income per common share

The computations of net income per common share are as follows:

	Quarter Ended
	October 2,		September 26,
	2015		2014
	(In millions, except per share amounts)
Net income	$	148	$	125
Adjustments for participating securities outstanding		―		(1)
Net income used in per basic and diluted common share calculations (A)	$	148	$	124
Basic weighted average common shares outstanding (B)		123.5		104.6
Impact of dilutive share-based awards		1.2		1.2
Diluted weighted average common shares outstanding (C)		124.7		105.8
Net income per basic common share (A)/(B)	$	1.20	$	1.19
Net income per diluted common share (A)/(C)	$	1.18	$	1.18