EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 29, 2014

EARNINGS PER COMMON SHARE

NOTE 2 – EARNINGS PER COMMON SHARE

The weighted average number of shares outstanding used to compute earnings per common share were as follows (in millions):

	Quarters Ended				Six Months Ended
	June 29, 2014		June 30, 2013		June 29, 2014		June 30, 2013
Weighted average common shares outstanding for basic computations		316.8		320.8		318.0		321.2
Weighted average dilutive effect of equity awards		5.3		5.1		5.6		4.9
Weighted average common shares outstanding for diluted computations		322.1		325.9		323.6		326.1

We compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented. Our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units and exercise of outstanding stock options based on the treasury stock method.

The computation of diluted earnings per common share excluded 3.3 million and 4.9 million stock options for the quarter and six months ended June 30, 2013 because their inclusion would have been anti-dilutive, primarily due to their exercise prices exceeding the average market prices of our common stock. There were no anti-dilutive stock options for the quarter and six months ended June 29, 2014.