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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 30, 2019
Earnings Per Share [Abstract]  
Calculation of Net Earnings Per Common Share

The following table represents the calculation of net earnings per common share – basic and diluted:

 

 

 

First Quarter

 

(In millions, except per share amounts)

 

2019

 

 

2018

 

Basic Earnings Per Share

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

8

 

 

$

33

 

Income from discontinued operations, net of tax

 

 

—

 

 

 

8

 

Net income

 

$

8

 

 

$

41

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

543

 

 

 

555

 

Basic earnings per share:

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.01

 

 

$

0.06

 

Discontinued operations

 

 

—

 

 

 

0.01

 

Net earnings per share

 

$

0.01

 

 

$

0.07

 

Diluted Earnings Per Share

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

8

 

 

$

33

 

Income from discontinued operations, net of tax

 

 

—

 

 

 

8

 

Net income

 

$

8

 

 

$

41

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

543

 

 

 

555

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Stock options and restricted stock

 

 

18

 

 

 

8

 

Diluted weighted-average shares outstanding

 

 

561

 

 

 

563

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.01

 

 

$

0.06

 

Discontinued operations

 

 

—

 

 

 

0.01

 

Net diluted earnings per share

 

$

0.01

 

 

$

0.07