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Earnings Per Share (Tables)
6 Months Ended
Jun. 29, 2013
Reconciliation of Net Earnings Attributable to Common Shareowners and Weighted-Average Shares Outstanding used to Calculate Basic and Diluted Earnings per Share
The following table reconciles net earnings attributable to common shareowners and the weighted-average shares outstanding used to calculate basic and diluted earnings per share for the three and six months ended June 29, 2013 and June 30, 2012:
 
 
Second Quarter
 
Year-to-Date
 
2013
 
2012
 
2013
 
2012
Numerator (in millions):
 
 
 
 
 
 
 
Net earnings from continuing operations attributable to common shareowners
$
194.9

 
$
126.5

 
$
276.9

 
$
232.8

Net (loss) earnings from discontinued operations
(7.8
)
 
28.3

 
(8.7
)
 
43.8

Net earnings attributable to common shareowners
$
187.1

 
$
154.8

 
$
268.2

 
$
276.6

Less: Earnings attributable to participating restricted stock units (“RSU’s”)
(0.1
)
 
(0.2
)
 
(0.2
)
 
(0.4
)
Net Earnings — basic
$
187.0

 
$
154.6

 
$
268.0

 
$
276.2

Net Earnings — dilutive
$
187.1

 
$
154.8

 
$
268.2

 
$
276.6




 
Second Quarter
 
Year-to-Date
 
2013
 
2012
 
2013
 
2012
Denominator (in thousands):
 
 
 
 
 
 
 
Basic earnings per share — weighted-average shares
155,064

 
164,082

 
155,137

 
164,162

Dilutive effect of stock options, awards and convertible preferred units
3,287

 
3,839

 
3,346

 
3,996

Diluted earnings per share — weighted-average shares
158,351

 
167,921

 
158,483

 
168,158

Earnings per share of common stock:
 
 
 
 
 
 
 
Basic earnings (loss) per share of common stock:
 
 
 
 
 
 
 
Continuing operations
$
1.26

 
$
0.77

 
$
1.78

 
$
1.42

Discontinued operations
(0.05
)
 
0.17

 
(0.06
)
 
0.27

Total basic earnings per share of common stock
$
1.21

 
$
0.94

 
$
1.73

 
$
1.68

Diluted earnings (loss) per share of common stock:
 
 
 
 
 
 
 
Continuing operations
$
1.23

 
$
0.75

 
$
1.75

 
$
1.38

Discontinued operations
(0.05
)
 
0.17

 
(0.05
)
 
0.26

Total dilutive earnings per share of common stock
$
1.18

 
$
0.92

 
$
1.69

 
$
1.64

Weighted-Average Stock Options and Warrants Outstanding Not included in Computation of Diluted Shares Outstanding
The following weighted-average stock options and warrants were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive (in thousands):
 
Second Quarter
 
Year-to-Date
 
2013
 
2012
 
2013
 
2012
Number of stock options
4

 
1,900

 
569

 
2,042

Number of stock warrants

 
4,939

 

 
4,939