Basic And Diluted Net Income Per Share

9 Months Ended

Jul. 02, 2016

Basic And Diluted Net Income Per Share [Abstract]

Basic And Diluted Net Income Per Share

12. Basic and Diluted Net Income per Share

Basic net income per share is calculated by dividing the net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for common stock equivalents. Diluted net income per share is computed by dividing the net income attributable to common stockholders by the weighted-average number of common share equivalents outstanding for the period determined using the treasury-stock method and the if-converted method. For purposes of this calculation, stock options are considered to be common stock equivalents and are only included in the calculation of diluted net income per share when their effect is dilutive.

The following tables and discussion provide a reconciliation of the numerator and denominator of the basic and diluted net income per share computations.

						Three Quarterly Periods
	Quarterly Period Ended					Ended
(in millions, except per share amounts)		July 2,		June 27,			July 2,		June 27,
		2016		2015			2016		2015
Numerator
Consolidated net income (loss)	$	96	$	(13	)	$	159	$	38
Denominator
Weighted average common shares
outstanding - basic		121.1		119.5			120.5		118.9
Dilutive shares		4.8		-			3.4		4.8
Weighted average common and common
equivalent shares outstanding - diluted		125.9		119.5			123.9		123.7
Per common share income (loss)
Basic	$	0.79	$	(0.11	)	$	1.32	$	0.32
Diluted	$	0.76	$	(0.11	)	$	1.28	$	0.31