Earnings Per Share (Tables)

9 Months Ended

Sep. 29, 2018

Earnings Per Share [Abstract]

Computations of Basic and Diluted Net Earnings Per Share

The computations of basic and diluted net earnings per share for the third quarter and first nine months of 2018 and 2017 are as follows (in thousands, except per share amounts):

	Three Months (13 Weeks) Ended						Nine Months (39 Weeks) Ended
	Sept. 29, 2018			Sept. 30, 2017			Sept. 29, 2018			Sept. 30, 2017
Basic net earnings per share:
Basic net earnings	$	676,656		$	254,850		$	1,713,988		$	934,797
Earnings allocated to participating securities		(2,807	)		(900	)		(6,707	)		(3,239	)
Net earnings available to common stockholders	$	673,849		$	253,950		$	1,707,281		$	931,558
Average shares outstanding		315,913			320,096			317,928			320,253
Basic net earnings per share	$	2.13		$	0.79		$	5.37		$	2.91
Diluted net earnings per share:
Diluted net earnings	$	676,656		$	254,850		$	1,713,988		$	934,797
Earnings allocated to participating securities		(2,796	)		(899	)		(6,684	)		(3,233	)
Net earnings available to common stockholders	$	673,860		$	253,951		$	1,707,304		$	931,564
Diluted average shares outstanding:
Basic shares outstanding		315,913			320,096			317,928			320,253
Dilutive effect of stock options and other		885			667			954			792
	316,798			320,763			318,882			321,045
Diluted net earnings per share	$	2.13		$	0.79		$	5.35		$	2.90

Anti-dilutive Stock Options

The following stock options were excluded from the computation of diluted net earnings per share for the third quarter and first nine months of 2018 and 2017 because their effect would have been anti-dilutive (in thousands, except per share amounts):

	Three Months (13 Weeks) Ended				Nine Months (39 Weeks) Ended
	Sept. 29, 2018		Sept. 30, 2017		Sept. 29, 2018		Sept. 30, 2017
Anti-dilutive stock options:
Weighted-average shares		265		698		89		309
Weighted-average exercise price	$	65.80	$	59.07	$	65.80	$	59.07