8. Earnings per Share Basic and diluted earnings per share were calculated as follows: | | | | Three Months Ended | | Six Months Ended | | | | | July 2, | July 3, | | July 2, | July 3, | (In millions except per share amounts) | | 2011 | | 2010 | | 2011 | | 2010 | | | | | | | | | | | | | | | | Income from Continuing Operations | | $ | 217.6 | | $ | 228.7 | | $ | 464.8 | | $ | 453.3 | Income from Discontinued Operations | | | — | | | 8.6 | | | 5.5 | | | 13.8 | Gain on Disposal of Discontinued Operations,
Net | | | 305.8 | | | — | | | 305.3 | | | 2.5 | | | | | | | | | | | | | | | | Net Income | | | 523.4 | | | 237.3 | | | 775.6 | | | 469.6 | | | | | | | | | | | | | | | | Income Allocable to Participating Securities | | | — | | | (0.1) | | | — | | | (0.1) | | | | | | | | | | | | | | | | Net Income for Earnings per Share | | $ | 523.4 | | $ | 237.2 | | $ | 775.6 | | $ | 469.5 | | | | | | | | | | | | | | | | Basic Weighted Average Shares | | | 381.9 | | | 409.3 | | | 385.3 | | | 409.4 | Effect of: | | | | | | | | | | | | | | Convertible debentures | | | — | | | 3.2 | | | 1.1 | | | 4.3 | | Stock options and restricted stock/units | | | 4.0 | | | 3.4 | | | 3.9 | | | 3.4 | | | | | | | | | | | | | | | | Diluted Weighted Average Shares | | | 385.9 | | | 415.9 | | | 390.3 | | | 417.1 | | | | | | | | | | | | | | | | Basic Earnings per Share: | | | | | | | | | | | | | | Continuing operations | | $ | .57 | | $ | .56 | | $ | 1.21 | | $ | 1.11 | | Discontinued operations | | | .80 | | | .02 | | | .81 | | | .04 | | | | | | | | | | | | | | | | | | | | $ | 1.37 | | $ | .58 | | $ | 2.01 | | $ | 1.15 | | | | | | | | | | | | | | | | Diluted Earnings per Share: | | | | | | | | | | | | | | Continuing operations | | $ | .56 | | $ | .55 | | $ | 1.19 | | $ | 1.09 | | Discontinued operations | | | .79 | | | .02 | | | .80 | | | .04 | | | | | | | | | | | | | | | | | | | | $ | 1.36 | | $ | .57 | | $ | 1.99 | | $ | 1.13 |
Options to purchase 3.7 million, 8.2 million, 6.0 million and 8.2 million shares of common stock were not included in the computation of diluted earnings per share for the second quarter of 2011 and 2010 and the first six months of 2011 and 2010, respectively, because their effect would have been antidilutive. |