Earnings Per Share

12 Months Ended

Dec. 26, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table sets forth the computation of basic earnings per share and earnings per share, assuming dilution:

	Fiscal Years
	2014			2013		2012
Numerator (Dollars in Millions):
Net Earnings	$	1,927		$	1,864	$	1,863
Dividend Equivalents on Restricted Stock	(1		)	—		—
Net Earnings, Attributable to Common Shareholders	$	1,926		$	1,864	$	1,863
Denominator (Units in Millions):
Average Common Shares Outstanding	1,001			1,019		1,038
Other Potentially Dilutive Common Shares	1			—		2
Average Common Shares Outstanding, Assuming Dilution	1,002			1,019		1,040
Net Earnings Per Share, Basic	$	1.93		$	1.83	$	1.80
Net Earnings Per Share, Assuming Dilution	$	1.92		$	1.83	$	1.79

Basic earnings per share is based on the weighted-average number of shares of common stock outstanding.  Earnings per share, assuming dilution, is based on the weighted-average number of shares of common stock equivalents outstanding adjusted for the effects of common stock that may be issued as a result of the following types of potentially dilutive instruments:

NOTE 2.  Earnings Per Share, continued

• equity awards, which include long-term incentive awards; and

• in prior periods, employee stock options (all stock options expired in May 2013).

The Earnings Per Share Topic in the ASC requires CSX to include additional shares in the computation of earnings per share, assuming dilution.  The additional shares included in diluted earnings per share represent the number of shares that would be issued if all of the above potentially dilutive instruments were converted into CSX common stock.