Earnings Per Share

9 Months Ended

Jun. 26, 2016

Earnings per Share

Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):



	Quarter Ended				Three Quarters Ended
	Jun 26, 2016		Jun 28, 2015		Jun 26, 2016		Jun 28, 2015
Net earnings attributable to Starbucks	$	754.1	$	626.7	$	2,016.8	$	2,104.9
Weighted average common shares outstanding (for basic calculation)	1,465.3		1,498.5		1,474.4		1,499.3
Dilutive effect of outstanding common stock options and RSUs	14.0		17.2		15.3		17.0
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,479.3		1,515.7		1,489.7		1,516.3
EPS — basic	$	0.51	$	0.42	$	1.37	$	1.40
EPS — diluted	$	0.51	$	0.41	$	1.35	$	1.39

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and nonvested) and nonvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes out-of-the-money stock options (i.e., such options’ exercise prices were greater than the average market price of our common shares for the period) because their inclusion would have been antidilutive. Out-of-the-money stock options totaled approximately 5.3 million as of June 26, 2016. There were no out-of-the money stock options as of June 28, 2015.