EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 26, 2016

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 26,

2016

June 28,

2015

June 26,

2016

June 28,

2015

Weighted average common shares outstanding for basic computations

303.1

312.0

303.8

313.7

Weighted average dilutive effect of equity awards

4.0

4.1

4.1

4.5

Weighted average common shares outstanding for diluted computations

307.1

316.1

307.9

318.2

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 performance share units and exercise of outstanding stock options based on the treasury stock method. There were no significant anti-dilutive equity awards during the quarters and six months ended June 26, 2016 or June 28, 2015.