Earnings Per Share (Tables)

6 Months Ended

Jun. 28, 2020

Reconciliation of Basic Net Earnings per Share to Diluted Net Earnings per Share

The following is a reconciliation of basic net earnings per share to diluted net earnings per share for the fiscal second quarters and fiscal six months ended June 28, 2020 and June 30, 2019:


	Fiscal Second Quarter Ended				Fiscal Six Months Ended
(Shares in Millions)	June 28, 2020		June 30, 2019	June 28, 2020	June 30, 2019
Basic net earnings per share	$	1.38	2.11	3.58	3.52
Average shares outstanding — basic	2,632.9		2,652.5	2,633.3	2,656.7
Potential shares exercisable under stock option plans	119.6		140.8	122.6	138.6
Less: shares which could be repurchased under treasury stock method	(87.5)		(102.3)	(85.4)	(99.0)
Convertible debt shares	0.5		0.7	0.5	0.7
Average shares outstanding — diluted	2,665.5		2,691.7	2,671.0	2,697.0
Diluted net earnings per share	$	1.36	2.08	3.53	3.47