NET EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2013

NET EARNINGS PER SHARE [Abstract]

NET EARNINGS PER SHARE

NOTE 14. NET EARNINGS PER SHARE

The following is the reconciliation of net earnings to net earnings applicable to common stock:

	2013			2012			2011
Earnings from continuing operations	$	574		$	543		$	287
(Losses) earnings from discontinued operations, net of tax		(2	)		(2	)		270
Net earnings		572			541			557
Less: Earnings allocated to participating securities		-			-			2
Net earnings applicable to common stock	$	572		$	541		$	555

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

	2013	2012	2011
Basic	131,075	130,852	136,699
Dilutive effect of stock options and other	1,894	1,458	1,402
Diluted	132,969	132,310	138,101

During fiscal year 2013, the Company included all stock options to purchase shares of the Company's common stock in the calculation of diluted net EPS because the average market price of all outstanding grants was greater than the exercise price.

During fiscal years 2012 and 2011, the Company did not include stock options to purchase approximately 1.8 million and 2.0 million shares, respectively, of the Company's common stock in the calculations of diluted net EPS because their exercise price was greater than the average market price, making them anti-dilutive.