Earnings Per Common Share

9 Months Ended

Sep. 25, 2011

Earnings Per Common Share

Earnings Per Common Share

NOTE 4 – EARNINGS PER COMMON SHARE

We compute basic and diluted earnings per share amounts based on net earnings for the periods presented. We use the weighted average number of common shares outstanding during the period to calculate basic earnings per share. Our calculation of diluted per share amounts includes the dilutive effects of stock options and restricted stock units based on the treasury stock method. Basic and diluted weighted average shares outstanding were as follows:

	Quarter Ended				Nine Months Ended
	September 25, 2011		September 26, 2010		September 25, 2011		September 26, 2010
	(In millions)
Average number of common shares outstanding for basic computations		329.8		360.1		340.4		367.1
Dilutive stock options and restricted stock units		3.8		3.8		3.9		4.0
Average number of common shares outstanding for diluted computations		333.6		363.9		344.3		371.1

Stock options to purchase 16.8 million shares of common stock for both the quarter and nine months ended September 25, 2011 and 14.6 million shares of common stock for both the quarter and nine months ended September 26, 2010 were not included in the computation of diluted weighted average shares outstanding, as their effect would have been anti-dilutive.