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Net Income (Loss) Per Share (Tables)
 3 Months Ended
Sep. 29, 2012
Reconciliation Between Net Income (Loss) Per Share - Basic And Diluted

The following is a reconciliation of net income (loss) to net income (loss) per share – basic and diluted – for the first quarter 2013 and 2012 (per share amounts are rounded and may not add to total):

Computation of Net Income per Common Share

(In millions, except per share data)

 

     Sept. 29, 2012      Oct. 1, 2011
(As  Restated)		  

Amounts attributable to Hillshire Brands:

      

Income from continuing operations

    $ 51       $ 12   

Income (loss) from discontinued operations

      2         (232 ) 
  

 

 

     

 

 

  

Net income (loss)

    $ 53       $ (220 ) 
  

 

 

     

 

 

  

Average shares outstanding – basic

      122         118   

Dilutive effect of stock option and award plans

      1         1   
  

 

 

     

 

 

  

Diluted shares outstanding

      123         119   
  

 

 

     

 

 

  

Earnings per common share—Basic

      

Income from continuing operations

    $ 0.42       $ 0.10   
  

 

 

     

 

 

  

Income (loss) from discontinued operations

    $ 0.02       $ (1.96 ) 
  

 

 

     

 

 

  

Net income (loss)

    $ 0.43       $ (1.86 ) 
  

 

 

     

 

 

  

Earnings per common share – Diluted

      

Income from continuing operations

    $ 0.41       $ 0.10   
  

 

 

     

 

 

  

Income (loss) from discontinued operations

    $ 0.02       $ (1.95 ) 
  

 

 

     

 

 

  

Net income (loss)

    $ 0.43       $ (1.85 )