Net (Loss) Earnings Per Share

6 Months Ended

Jul. 01, 2011

Net (Loss) Earnings Per Share [Abstract]

Net (Loss) Earnings Per Share

14. Net (Loss) Earnings Per Share

The following table sets forth the computation of net (loss) earnings per share:

	Second Quarter					Six Months
	7/1/11			7/2/10		7/1/11			7/2/10
	Restated					Restated
Numerator:
Net (loss) earnings	$	(29.3	)	$	64.1	$	(53.4	)	$	109.7
Denominator:
Denominator for basic net (loss) earnings per share – weighted average shares outstanding		364.6			385.4		363.8			385.0
Effect of dilutive securities:
Employee stock options and restricted and performance stock awards		—			4.5		—			4.5
Denominator for diluted net (loss) earnings per share – adjusted weighted average shares outstanding and assumed conversions		364.6			389.9		363.8			389.5
Net (loss) earnings per share, basic	$	(0.08	)	$	0.17	$	(0.15	)	$	0.28
Net (loss) earnings per share, diluted	$	(0.08	)	$	0.16	$	(0.15	)	$	0.28
Anti-dilutive employee equity-based awards, excluded 1		25.7			18.9		25.2			19.2

¹ We exclude certain employee equity-based awards from the weighted average shares outstanding computation because the exercise price was greater than the average market price of the common shares; therefore, the effect would have been anti-dilutive.

Under U.S. GAAP, dilutive securities are not included in the computation of diluted earnings per share when a company is in a loss position. If we were not in a loss position, diluted weighted average shares outstanding would have been 365.9 million in the second quarter and the first six months of 2011.