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 25,

2017

June 26,

2016

June 25,

2017

June 26,

2016

Weighted average common shares outstanding for basic computations

288.5

303.1

289.2

303.8

Weighted average dilutive effect of equity awards

2.7

4.0

2.8

4.1

Weighted average common shares outstanding for diluted computations

291.2

307.1

292.0

307.9

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 (RSUs) and performance stock units (PSUs) 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 25, 2017 or June 26, 2016.