Earnings Per Share

12 Months Ended

Sep. 27, 2020

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


Fiscal Year Ended	Sep 27, 2020		Sep 29, 2019		Sep 30, 2018
Net earnings attributable to Starbucks	$	928.3	$	3,599.2	$	4,518.3
Weighted average common shares outstanding (for basic calculation)	1,172.8		1,221.2		1,382.7
Dilutive effect of outstanding common stock options and RSUs	9.0		12.0		11.9
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,181.8		1,233.2		1,394.6
EPS — basic	$	0.79	$	2.95	$	3.27
EPS — diluted	$	0.79	$	2.92	$	3.24

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 27, 2020 and September 29, 2019, we had no out-of-the-money stock options compared to 14.1 million as of September 30, 2018.