Earnings Per Share

9 Months Ended

Apr. 29, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per Share

The accounting guidance for earnings per share provides that unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings.

The computation of basic and diluted earnings per share attributable to common shareowners is as follows:

	Three Months Ended						Nine Months Ended
	April 29, 2012			May 1, 2011			April 29, 2012			May 1, 2011
Net earnings attributable to Campbell Soup Company	$	177		$	187		$	647		$	705
Less: net earnings allocated to participating securities	(1		)	(2		)	(3		)	(8		)
Net earnings available to Campbell Soup Company common shareowners	$	176		$	185		$	644		$	697
Weighted average shares outstanding — basic	316			321			318			328
Effect of dilutive securities: stock options and other share-based payment awards	2			2			2			3
Weighted average shares outstanding — diluted	318			323			320			331
Net earnings attributable to Campbell Soup Company per common share:
Basic	$	.56		$	.58		$	2.03		$	2.13
Diluted	$	.55		$	.57		$	2.01		$	2.11

There were no antidilutive stock options for the three-month and nine-month periods ended April 29, 2012 and May 1, 2011.