Earnings Per Share

12 Months Ended

Sep. 29, 2019

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



Fiscal Year Ended	Sep 29, 2019		Sep 30, 2018		Oct 1, 2017
Net earnings attributable to Starbucks	$	3,599.2	$	4,518.3	$	2,884.7
Weighted average common shares outstanding (for basic calculation)	1,221.2		1,382.7		1,449.5
Dilutive effect of outstanding common stock options and RSUs	12.0		11.9		12.0
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,233.2		1,394.6		1,461.5
EPS — basic	$	2.95	$	3.27	$	1.99
EPS — diluted	$	2.92	$	3.24	$	1.97

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and non-vested) 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. As of September 29, 2019, we had no out-of-the-money stock options, compared to 14.1 million and 11.4 million as of September 30, 2018 and October 1, 2017, respectively.