The following is a reconciliation of net income to net income per share - basic and diluted - for the years ended June 28, 2014, June 29, 2013 and June 30, 2012:



In millions except earnings per share	2014		2013		2012
Income (loss) from continuing operations attributable to Hillshire Brands	$	212	$	184	$	(20	)
Income from discontinued operations attributable to Hillshire Brands	1		68		865
Net income attributable to Hillshire Brands	$	213	$	252	$	845
Average shares outstanding - basic	123		123		119
Dilutive effect of stock compensation	1		—		—
Diluted shares outstanding	124		123		119
Income (loss) per common share - Basic
Income (loss) from continuing operations	$	1.72	$	1.50	$	(0.16	)
Income from discontinued operations	0.01		0.55		7.29
Net income	$	1.73	$	2.05	$	7.13
Income (loss) per common share - Diluted
Income (loss) from continuing operations	$	1.71	$	1.49	$	(0.16	)
Income from discontinued operations	0.01		0.55		7.29
Net income	$	1.72	$	2.04	$	7.13