NOTE 11. NET EARNINGS PER SHARE

Basic net earnings per share (“EPS”) is calculated by dividing net earnings attributable to common stockholders by the weighted average number of shares of common stock outstanding for the applicable period. Diluted EPS is similarly calculated, except that the calculation includes the dilutive effect of the assumed issuance of shares under stock-based compensation plans under the treasury stock method, except where the inclusion of such shares would have an anti-dilutive impact. There were 1.5 million anti-dilutive options to purchase shares excluded from the diluted EPS calculation for both the three and six months ended June 29, 2018. The anti-dilutive options to purchase shares excluded from the diluted EPS calculation were immaterial for the three and six months ended June 30, 2017.

The dilutive impact from our MCPS issued on June 29, 2018 is calculated under the if-converted method.

Information related to the calculation of net earnings per share of common stock is summarized as follows ($ and shares in millions, except per share amounts):



	Three Months Ended					Six Months Ended
	June 29, 2018			June 30, 2017		June 29, 2018			June 30, 2017
Numerator
Net earnings	$	295.0		$	240.1	$	556.2		$	439.8
Mandatory convertible preferred stock cumulative dividends	(0.2		)	—		(0.2		)	—
Net earnings attributable to common stockholders	$	294.8		$	240.1	$	556.0		$	439.8

Denominator
Weighted average common shares outstanding used in basic earnings per share	349.2			347.2		348.9			347.1
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive Stock Awards	5.6			5.0		5.7			4.7
Assumed conversion of outstanding mandatory convertible preferred stock	0.2			—		0.1			—
Weighted average common shares outstanding used in diluted earnings per share	355.0			352.2		354.7			351.8

Net earnings per common share - Basic	$	0.84		$	0.69	$	1.59		$	1.27
Net earnings per share - Diluted	$	0.83		$	0.68	$	1.57		$	1.25

We declared and paid cash dividends per share during the periods presented as follows:



	Dividend Per Common Share		Amount ($ in millions)
2018:
First quarter	$	0.07	$	24.3
Second quarter	0.07		24.4
Total	$	0.14	$	48.7

2017:
First quarter	$	0.07	$	24.3
Second quarter	0.07		24.3
Total	$	0.14	$	48.6

As of June 29, 2018, no dividends have been declared on our MCPS.