Net Income Per Common Share

3 Months Ended

Sep. 30, 2016

Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent [Abstract]

Net Income Per Common Share

Net Income Per Common Share

The computations of net income per common share are as follows:

	Quarter Ended
	September 30, 2016		October 2, 2015
	(In millions, except per share amounts)
Net income	$	160	$	148
Adjustments for participating securities outstanding	—		—
Net income used in per basic and diluted common share calculations (A)	$	160	$	148
Basic weighted average common shares outstanding (B)	123.9		123.5
Impact of dilutive share-based awards	1.6		1.2
Diluted weighted average common shares outstanding (C)	125.5		124.7
Net income per basic common share (A)/(B)	$	1.29	$	1.20
Net income per diluted common share (A)/(C)	$	1.27	$	1.18

Potential dilutive common shares primarily consist of employee stock options and performance unit awards. Employee stock options to purchase approximately 485,321 and 1,003,902 shares of our common stock were outstanding at September 30, 2016 and October 2, 2015, respectively, but were not included as dilutive stock options in the computations of net income per diluted common share because the effect would have been antidilutive.