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EARNINGS PER SHARE
 12 Months Ended
Dec. 28, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 7. EARNINGS PER SHARE

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

 

(In millions, except per share amounts)

 

2019

 

 

2018

 

 

2017

 

Basic Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

99

 

 

$

99

 

 

$

146

 

Income from discontinued operations, net of tax

 

 

—

 

 

 

5

 

 

 

35

 

Net income

 

$

99

 

 

$

104

 

 

$

181

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

545

 

 

 

553

 

 

 

522

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.18

 

 

$

0.18

 

 

$

0.28

 

Discontinued operations

 

 

—

 

 

 

0.01

 

 

 

0.07

 

Net basic earnings per share

 

$

0.18

 

 

$

0.19

 

 

$

0.35

 

Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

99

 

 

$

99

 

 

$

146

 

Income from discontinued operations, net of tax

 

 

—

 

 

 

5

 

 

 

35

 

Net income

 

$

99

 

 

$

104

 

 

$

181

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

545

 

 

 

553

 

 

 

522

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock

 

 

8

 

 

 

11

 

 

 

13

 

Diluted weighted-average shares outstanding

 

 

553

 

 

 

564

 

 

 

535

 

Diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.18

 

 

$

0.18

 

 

$

0.27

 

Discontinued operations

 

 

—

 

 

 

0.01

 

 

 

0.06

 

Net diluted earnings per share

 

$

0.18

 

 

$

0.19

 

 

$

0.34

 

 

Awards of options and nonvested shares representing an additional 9 million, 5 million and 4 million shares of common stock were outstanding for the fiscal years ended December 28, 2019, December 29, 2018 and December 30, 2017, respectively, but were not included in the computation of diluted weighted-average shares outstanding because their effect would have been antidilutive.