Earnings Per Share

3 Months Ended

Jan. 01, 2017

Earnings per Share

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



	Quarter Ended
	Jan 1, 2017		Dec 27, 2015
Net earnings attributable to Starbucks	$	751.8	$	687.6
Weighted average common shares outstanding (for basic calculation)	1,457.5		1,485.9
Dilutive effect of outstanding common stock options and RSUs	13.0		17.4
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,470.5		1,503.3
EPS — basic	$	0.52	$	0.46
EPS — diluted	$	0.51	$	0.46

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and nonvested) and unvested 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 8.6 million and 2.4 million as of January 1, 2017 and December 27, 2015, respectively.