Earnings Per Share (Tables)

6 Months Ended

Jul. 02, 2016

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 July 2, 2016 and July 4, 2015:

	Second Quarter					Year-to-Date
	2016		2015			2016		2015
Numerator (in millions):
Net earnings from continuing operations attributable to common shareowners	$	271.5	$	235.7		$	460.9	$	402.5
Net loss from discontinued operations	—		(8.5		)	—		(13.0		)
Net Earnings Attributable to Common Shareowners	$	271.5	$	227.2		$	460.9	$	389.5

	Second Quarter					Year-to-Date
	2016		2015			2016		2015
Denominator (in thousands):
Basic earnings per share — weighted average shares	145,135		148,059			145,583		150,339
Dilutive effect of stock options, awards and other equity arrangements	2,128		4,604			1,960		4,542
Diluted earnings per share — weighted average shares	147,263		152,663			147,543		154,881
Earnings (loss) per share of common stock:
Basic earnings (loss) per share of common stock:
Continuing operations	$	1.87	$	1.59		$	3.17	$	2.68
Discontinued operations	—		(0.06		)	—		(0.09		)
Total basic earnings per share of common stock	$	1.87	$	1.53		$	3.17	$	2.59
Diluted earnings (loss) per share of common stock:
Continuing operations	$	1.84	$	1.54		$	3.12	$	2.60
Discontinued operations	—		(0.06		)	—		(0.08		)
Total dilutive earnings per share of common stock	$	1.84	$	1.49		$	3.12	$	2.51

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):

	Second Quarter		Year-to-Date
	2016	2015	2016	2015
Number of stock options	972	642	1,281	808