Earnings Per Share (Tables)

9 Months Ended

Sep. 28, 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 nine months ended September 28, 2013 and September 29, 2012:

	Third Quarter						Year-to-Date
	2013			2012			2013			2012
Numerator (in millions):
Net earnings from continuing operations attributable to common shareowners	$	169.9		$	90.2		$	452.6		$	327.5
Net (loss) earnings from discontinued operations	(3.9		)	25.0			(18.4		)	64.3
Net earnings attributable to common shareowners	$	166.0		$	115.2		$	434.2		$	391.8
Less: Earnings attributable to participating restricted stock units (“RSU’s”)	—			(0.1		)	(0.2		)	(0.5		)
Net Earnings — basic	$	166.0		$	115.1		$	434.0		$	391.3
Net Earnings — dilutive	$	166.0		$	115.2		$	434.2		$	391.8

	Third Quarter					Year-to-Date
	2013			2012		2013			2012
Denominator (in thousands):
Basic earnings per share — weighted-average shares	155,043			162,990		155,140			163,835
Dilutive effect of stock options, awards and convertible preferred units	3,882			3,053		3,577			3,733
Diluted earnings per share — weighted-average shares	158,925			166,043		158,717			167,568
Earnings per share of common stock:
Basic earnings (loss) per share of common stock:
Continuing operations	$	1.10		$	0.55	$	2.92		$	2.00
Discontinued operations	(0.02		)	0.15		(0.12		)	0.39
Total basic earnings per share of common stock	$	1.07		$	0.71	$	2.80		$	2.39
Diluted earnings (loss) per share of common stock:
Continuing operations	$	1.07		$	0.54	$	2.85		$	1.95
Discontinued operations	(0.02		)	0.15		(0.12		)	0.38
Total dilutive earnings per share of common stock	$	1.04		$	0.69	$	2.74		$	2.34

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):

	Third Quarter		Year-to-Date
	2013	2012	2013	2012
Number of stock options	—	2,585	569	2,070
Number of stock warrants	—	3,704	—	4,445