Earnings Per Share (Tables)

9 Months Ended

Sep. 27, 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 third quarters and fiscal nine months ended September 27, 2020 and September 29, 2019:


	Fiscal Third Quarter Ended				Fiscal Nine Months Ended
(Shares in Millions)	September 27, 2020		September 29, 2019	September 27, 2020	September 29, 2019
Basic net earnings per share	$	1.35	0.67	4.93	4.19
Average shares outstanding — basic	2,632.5		2,635.2	2,633.0	2,649.5
Potential shares exercisable under stock option plans	115.7		117.8	120.2	137.6
Less: shares which could be repurchased under treasury stock method	(78.9)		(83.8)	(82.4)	(99.7)
Convertible debt shares	—		0.7	—	0.7
Average shares outstanding — diluted	2,669.3		2,669.9	2,670.8	2,688.1
Diluted net earnings per share	$	1.33	0.66	4.86	4.13