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Net Earnings Per Share
 3 Months Ended
Mar. 31, 2012
Net Earnings Per Share [Abstract]  
Net Earnings Per Share

NOTE 8 – NET EARNINGS PER SHARE

The table below sets forth the computation of basic and diluted net earnings per share (in millions, except per share amounts):

 

 

 

 

 

 

 

 

Three Months Ended

 

March 31, 2012

 

April 2, 2011

 

Numerator:

 

 

 

 

 

 

 

Net earnings

 

$

212

 

$

233

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

315.7

 

 

325.3

 

Effect of dilutive securities:

 

 

 

 

 

 

 

Employee stock options

 

 

1.8

 

 

3.5

 

Restricted stock units

 

 

0.2

 

 

0.1

 

Diluted weighted average shares outstanding

 

 

317.7

 

 

328.9

 

Basic net earnings per share

 

$

0.67

 

$

0.72

 

Diluted net earnings per share

 

$

0.67

 

$

0.71

 

Approximately 13.8 million and 7.5 million shares of common stock subject to stock options and restricted stock units were excluded from the diluted net earnings per share computation for the three months ended March 31, 2012 and April 2, 2011, respectively, because they were not dilutive.