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Earnings Per Share
6 Months Ended
Jul. 02, 2011
Earnings Per Share Disclosure [Abstract]  
Earnings per Share

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.