XML 25 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share (Tables)
 9 Months Ended
Sep. 27, 2014
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 27, 2014 and September 28, 2013:
 
 
Third Quarter
 
Year-to-Date
 
2014
 
2013
 
2014
 
2013
Numerator (in millions):
 
 
 
 
 
 
 
Net earnings from continuing operations attributable to common shareowners
$
241.4

 
$
169.8

 
$
626.7

 
$
452.4

Net loss from discontinued operations
(4.7
)
 
(3.8
)
 
(11.6
)
 
(18.2
)
Net earnings attributable to common shareowners
$
236.7

 
$
166.0

 
$
615.1

 
$
434.2

Less: Earnings attributable to participating restricted stock units (“RSU’s”)
—

 
—

 
—

 
(0.2
)
Net Earnings — basic
$
236.7

 
$
166.0

 
$
615.1

 
$
434.0

Net Earnings — dilutive
$
236.7

 
$
166.0

 
$
615.1

 
$
434.2


 
Third Quarter
 
Year-to-Date
 
2014
 
2013
 
2014
 
2013
Denominator (in thousands):
 
 
 
 
 
 
 
Basic earnings per share — weighted average shares
156,628

 
155,043

 
156,278

 
155,140

Dilutive effect of stock options, awards and convertible preferred units
3,954

 
3,882

 
3,477

 
3,577

Diluted earnings per share — weighted average shares
160,582

 
158,925

 
159,755

 
158,717

Earnings per share of common stock:
 
 
 
 
 
 
 
Basic earnings (loss) per share of common stock:
 
 
 
 
 
 
 
Continuing operations
$
1.54

 
$
1.10

 
$
4.01

 
$
2.91

Discontinued operations
(0.03
)
 
(0.02
)
 
(0.07
)
 
(0.12
)
Total basic earnings per share of common stock
$
1.51

 
$
1.07

 
$
3.94

 
$
2.80

Diluted earnings (loss) per share of common stock:
 
 
 
 
 
 
 
Continuing operations
$
1.50

 
$
1.07

 
$
3.92

 
$
2.85

Discontinued operations
(0.03
)
 
(0.02
)
 
(0.07
)
 
(0.11
)
Total dilutive earnings per share of common stock
$
1.47

 
$
1.04

 
$
3.85

 
$
2.74
Weighted-Average Stock Options and Warrants Outstanding Not included in Computation of Diluted Shares Outstanding
The following weighted average stock options were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive (in thousands):
 
Third Quarter
 
Year-to-Date
 
2014
 
2013
 
2014
 
2013
Number of stock options
310

 
—

 
736

 
569