Quarterly Results

12 Months Ended

Jan. 02, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results

Quarterly Results (unaudited)

Selected quarterly financial data for 2015 and 2014 is set forth below:

(In thousands, except per share data)	Revenues		Earnings Before Income Taxes		Net Earnings		Basic Earnings Per Share		Diluted Earnings Per Share
2015
First Quarter (a)	$	996,089	$	167,120	$	110,934	$	0.32	$	0.32
Second Quarter (a)(b)	1,125,997		170,657		115,038		0.33		0.33
Third Quarter (a)(b)	1,127,887		215,671		147,282		0.43		0.42
Fourth Quarter (a)(b)	1,175,294		227,932		166,108		0.49		0.48
Total	$	4,425,267	$	781,380	$	539,362
(a) First through Fourth quarter results include pre-tax acquisition costs of $17 million, $3 million, $1 million and $1 million, respectively, as further described in Note (2).
(b) Second through Fourth quarter results include pre-tax costs related to the VSP of $42 million, $3 million and $1 million, respectively, as further described in Note (1).

(In thousands, except per share data)	Revenues		Earnings Before Income Taxes		Net Earnings		Basic Earnings Per Share		Diluted Earnings Per Share
2014
First Quarter	$	784,761	$	180,993	$	119,526	$	0.35	$	0.34
Second Quarter	851,762		194,370		129,033		0.38		0.37
Third Quarter (c)	840,149		190,335		129,002		0.38		0.37
Fourth Quarter (c)	926,031		208,476		147,872		0.43		0.42
Total	$	3,402,703	$	774,174	$	525,433
(c) Third and Fourth quarter results include pre-tax acquisition costs of $9 million and $6 million, respectively, as further described in Note (2).