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Net Earnings Per Share
 6 Months Ended
Jul. 03, 2015
Earnings Per Share [Abstract]  
Net Earnings Per Share
NET EARNINGS PER SHARE
Basic net earnings per share (“EPS”) is calculated by dividing net earnings by the weighted average number of common shares outstanding for the applicable period. Diluted net EPS is computed based on the weighted average number of common shares outstanding increased by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued and reduced by the number of shares the Company could have repurchased with the proceeds from the issuance of the potentially dilutive shares. For the three and six months ended July 3, 2015 and June 27, 2014, approximately 1 million options to purchase shares were not included in the diluted earnings per share calculation as the impact of their inclusion would have been anti-dilutive.
Information related to the calculation of net earnings per share of common stock is summarized as follows ($ and shares in millions, except per share amounts):
 
Net Earnings
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
For the Three Months Ended July 3, 2015:
 
 
 
 
 
Basic EPS
$
695.6

 
709.5

 
$
0.98

Adjustment for interest on convertible debentures
0.6

 
—

 
 
Incremental shares from assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs
—

 
7.5

 
 
Incremental shares from assumed conversion of the convertible debentures
—

 
2.6

 
 
Diluted EPS
$
696.2

 
719.6

 
$
0.97

For the Three Months Ended June 27, 2014:
 
 
 
 
 
Basic EPS
$
676.4

 
701.2

 
$
0.96

Adjustment for interest on convertible debentures
1.0

 
—

 
 
Incremental shares from assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs
—

 
9.2

 
 
Incremental shares from assumed conversion of the convertible debentures
—

 
5.2

 
 
Diluted EPS
$
677.4

 
715.6

 
$
0.95

 
Net Earnings
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
For the Six Months Ended July 3, 2015:
 
 
 
 
 
Basic EPS
$
1,265.4

 
708.4

 
$
1.79

Adjustment for interest on convertible debentures
1.2

 
—

 
 
Incremental shares from assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs
—

 
7.9

 
 
Incremental shares from assumed conversion of the convertible debentures
—

 
2.9

 
 
Diluted EPS
$
1,266.6

 
719.2

 
$
1.76

For the Six Months Ended June 27, 2014:
 
 
 
 
 
Basic EPS
$
1,256.1

 
700.6

 
$
1.79

Adjustment for interest on convertible debentures
1.7

 
—

 
 
Incremental shares from assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs
—

 
9.4

 
 
Incremental shares from assumed conversion of the convertible debentures
—

 
5.2

 
 
Diluted EPS
$
1,257.8

 
715.2

 
$
1.76