Earnings Per Share

12 Months Ended

Sep. 28, 2018

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



	Fiscal Years Ended
	September 28, 2018		September 29, 2017		September 30, 2016
Net income	$	918.4	$	1,010.2	$	995.2

Weighted average shares outstanding – basic	181.3		184.3		188.7
Dilutive effect of equity based awards	1.9		2.4		3.4
Weighted average shares outstanding – diluted	183.2		186.7		192.1

Net income per share – basic	$	5.06	$	5.48	$	5.27
Net income per share – diluted	$	5.01	$	5.41	$	5.18

Anti-dilutive common stock equivalents	0.2		0.6		1.5

Basic earnings per share are calculated by dividing net income by the weighted average number of shares of the Company’s common stock outstanding during the period. The calculation of diluted earnings per share includes the dilutive effect of equity based awards that were outstanding during the fiscal years ended September 28, 2018, September 29, 2017, and September 30, 2016, 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.