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Earnings Per Share
9 Months Ended
Jun. 28, 2013
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
(In millions, except per share amounts)
Three Months Ended
 
Nine Months Ended
 
June 28, 2013
 
June 29, 2012
 
June 28, 2013
 
June 29, 2012
Net income
$
65.7

 
$
49.3

 
$
193.9

 
$
140.5

 
 
 
 
 
 
 
 
Weighted average shares outstanding – basic
186.6

 
186.3

 
188.2

 
185.1

Dilutive effect of equity based awards
4.6

 
6.2

 
4.6

 
5.5

Dilutive effect of convertible debt

 

 

 
0.5

Weighted average shares outstanding – diluted
191.2

 
192.5

 
192.8

 
191.1

 
 
 
 
 
 
 
 
Net income per share – basic
$
0.35

 
$
0.26

 
$
1.03

 
$
0.76

Net income per share - diluted
$
0.34

 
$
0.26

 
$
1.01

 
$
0.74

 
 
 
 
 
 
 
 
Anti-dilutive common stock equivalents
6.0

 
3.5

 
6.2

 
4.9


Basic earnings per share are calculated by dividing net income by the weighted average number of shares of the Company's common stock outstanding. The calculation of diluted earnings per share includes the dilutive effect of equity based awards and the convertible debt which was outstanding during the nine months ended June 29, 2012, using the treasury stock method. Certain of the Company's outstanding stock options, noted in the table above, were excluded because they were anti-dilutive, but could become dilutive in the future.