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Income From Continuing Operations Per Common Share
 9 Months Ended
Apr. 01, 2016
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent [Abstract]  
Net income per common share
Income From Continuing Operations Per Common Share
The computations of income from continuing operations per common share are as follows:
 
 
Quarter Ended
 
Three Quarters Ended
 
April 1,
2016
 
April 3,
2015
 
April 1,
2016
 
April 3,
2015
 
(In millions, except per share amounts)
Income from continuing operations
$
170

 
$
126

 
$
183

 
$
390

Adjustments for participating securities outstanding
—

 
(1
)
 
(1
)
 
(2
)
Income from continuing operations used in per basic and diluted common share calculations (A)
$
170

 
$
125

 
$
182

 
$
388

 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding (B)
124.0

 
103.7

 
123.7

 
104.1

Impact of dilutive share-based awards
1.1

 
1.1

 
1.1

 
1.1

Diluted weighted average common shares outstanding (C)
125.1

 
104.8

 
124.8

 
105.2

Income from continuing operations per basic common share (A)/(B)
$
1.37

 
$
1.21

 
$
1.47

 
$
3.73

Income from continuing operations per diluted common share (A)/(C)
$
1.36

 
$
1.20

 
$
1.46

 
$
3.69


Potential dilutive common shares primarily consist of employee stock options and performance share unit awards. Employee stock options to purchase approximately 1,618,558 and 765,438 shares of our common stock were outstanding at April 1, 2016 and April 3, 2015, respectively, but were not included as dilutive stock options in the computations of income from continuing operations per diluted common share because the effect would have been antidilutive.