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EARNINGS PER SHARE
 12 Months Ended
Dec. 29, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 7. EARNINGS PER SHARE

The following table presents the calculation of net earnings (loss) per common share — basic and diluted:

 

(In millions, except per share amounts)

 

2018

 

 

2017

 

 

2016

 

Basic Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

99

 

 

$

146

 

 

$

679

 

Income (loss) from discontinued operations, net of tax

 

 

5

 

 

 

35

 

 

 

(150

)

Net income

 

$

104

 

 

$

181

 

 

$

529

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

553

 

 

 

522

 

 

 

539

 

Basic earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.18

 

 

$

0.28

 

 

$

1.26

 

Discontinued operations

 

 

0.01

 

 

 

0.07

 

 

 

(0.28

)

Net basic earnings per share

 

$

0.19

 

 

$

0.35

 

 

$

0.98

 

Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

99

 

 

$

146

 

 

$

679

 

Income (loss) from discontinued operations, net of tax

 

 

5

 

 

 

35

 

 

 

(150

)

Net income

 

$

104

 

 

$

181

 

 

$

529

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

553

 

 

 

522

 

 

 

539

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock

 

 

11

 

 

 

13

 

 

 

10

 

Diluted weighted-average shares outstanding

 

 

564

 

 

 

535

 

 

 

549

 

Diluted earnings (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.18

 

 

$

0.27

 

 

$

1.24

 

Discontinued operations

 

 

0.01

 

 

 

0.06

 

 

 

(0.27

)

Net diluted earnings per share

 

$

0.19

 

 

$

0.34

 

 

$

0.96

 

 

Awards of options and nonvested shares representing an additional 5 million, 4 million and 6 million shares of common stock were outstanding for the fiscal years ended December 29, 2018, December 30, 2017 and December 31, 2016, respectively, but were not included in the computation of diluted weighted-average shares outstanding because their effect would have been antidilutive.