Net Earnings Per Share

3 Months Ended

Sep. 30, 2011

NOTE 4. NET EARNINGS PER SHARE

For the three months ended September 30, 2011, no adjustments were required to be made to net earnings for computing basic and diluted EPS. The following is the reconciliation of net earnings to net earnings applicable to common stock for the three months ended September 30, 2010:

Earnings from continuing operations	$	140
Earnings from discontinued operations		76
Net earnings	$	216
Less: Earnings allocated to participating securities		(1	)
Net earnings applicable to common stock	$	215

The following is the reconciliation of the weighted average number of shares outstanding (in thousands) used to calculate basic EPS to those used to calculate diluted EPS:


	Three Months Ended
	9/30/2011	9/30/2010
Basic	131,968	139,475
Dilutive effect of stock options and other	1,643	1,457
Diluted	133,611	140,932

During the three months ended September 30, 2011 and 2010, the Company did not include stock options to purchase zero and approximately 2.1 million shares, respectively, of the Company's common stock in the calculations of diluted EPS because their exercise price was greater than the average market price, making them anti-dilutive.

Share repurchases under authorized programs were as follows:


	Three Months Ended
	9/30/2011			9/30/2010
	Amount		Shares (000)	Amount		Shares (000)
Open-market purchase programs	$	9	129	$	-	-
Evergreen Program		-	-		4	58
Total	$	9	129	$	4	58

The purpose of the Evergreen Program is to offset the impact of share dilution related to share-based awards.