Earnings Per Share

9 Months Ended

Apr. 28, 2013

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. Awards issued by the company prior to 2011 contained non-forfeitable rights to dividends or dividend equivalents.

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

	Three Months Ended					Nine Months Ended
	April 28, 2013		April 29, 2012			April 28, 2013		April 29, 2012
Net earnings attributable to Campbell Soup Company	$	181	$	177		$	616	$	647
Less: net earnings allocated to participating securities	—		(1		)	—		(3		)
Net earnings available to Campbell Soup Company common shareowners	$	181	$	176		$	616	$	644
Weighted average shares outstanding — basic	314		316			314		318
Effect of dilutive securities: stock options and other share-based payment awards	3		2			3		2
Weighted average shares outstanding — diluted	317		318			317		320
Net earnings attributable to Campbell Soup Company per common share:
Basic	$	.58	$	.56		$	1.96	$	2.03
Diluted	$	.57	$	.55		$	1.94	$	2.01

There were no antidilutive stock options for the three-month and nine-month periods ended April 28, 2013 and April 29, 2012.