EARNINGS PER SHARE

The following is a reconciliation of basic net earnings per share to diluted net earnings per share for the fiscal third quarters and fiscal nine months ended September 30, 2018 and October 1, 2017:



	Fiscal Third Quarters Ended					Fiscal Nine Months Ended
(Shares in Millions)	September 30, 2018			October 1, 2017		September 30, 2018		October 1, 2017
Basic net earnings per share	$	1.47		1.40		4.57		4.46
Average shares outstanding — basic	2,683.2			2,684.6		2,682.6		2,694.4
Potential shares exercisable under stock option plans	140.3			139.3		140.9		141.2
Less: shares which could be repurchased under treasury stock method	(96.7		)	(87.2	)	(94.7	)	(90.2	)
Convertible debt shares	0.8			1.0		0.8		1.0
Average shares outstanding — diluted	2,727.6			2,737.7		2,729.6		2,746.4
Diluted net earnings per share	$	1.44		1.37		4.49		4.37

The diluted net earnings per share calculation for both the fiscal third quarters ended September 30, 2018 and October 1, 2017 included the dilutive effect of convertible debt that was offset by the related reduction in interest expense. The diluted net earnings per share calculation for the both the fiscal third quarters ended September 30, 2018 and October 1, 2017 included all shares related to stock options, as there were no options or other instruments which were anti-dilutive.

The diluted net earnings per share calculation for both the fiscal nine months ended September 30, 2018 and October 1, 2017 included the dilutive effect of convertible debt that was offset by the related reduction in interest expense. The diluted net earnings per share calculation for both the fiscal nine months ended September 30, 2018 and October 1, 2017 included all shares related to stock options, as there were no options or other instruments which were anti-dilutive.