Earnings Per Share

9 Months Ended

Jul. 03, 2015

The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share amounts):



	Three Months Ended				Nine Months Ended
	July 1, 2016		July 3, 2015		July 1, 2016		July 3, 2015
Net income	$	185.0	$	207.4	$	748.4	$	569.1

Weighted average shares outstanding – basic	188.7		190.0		189.8		189.5
Dilutive effect of equity based awards	3.0		5.4		3.4		5.4
Weighted average shares outstanding – diluted	191.7		195.4		193.2		194.9

Net income per share – basic	$	0.98	$	1.09	$	3.94	$	3.00
Net income per share – diluted	$	0.97	$	1.06	$	3.87	$	2.92

Anti-dilutive common stock equivalents	1.8		0.1		1.5		0.4

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 that were outstanding during the three and nine months ended July 1, 2016, and July 3, 2015, using the treasury stock method. Certain of the Company’s outstanding share-based awards, noted in the table above, were excluded because they were anti-dilutive, but they could become dilutive in the future.