EARNINGS PER SHARE (Tables)

6 Months Ended

Jul. 01, 2012

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

We compute Basic and Diluted Earnings Per Share based on the weighted-average number of shares of the Common Stock and the Class B Common Stock outstanding as follows:



	For the Three Months Ended				For the Six Months Ended
	July 1, 2012		July 3, 2011		July 1, 2012		July 3, 2011
In thousands except per share amounts
Net income	$	135,685	$	130,019	$	334,336	$	290,134
Weighted average shares - Basic
Common Stock	165,021		166,302		164,810		166,372
Class B Common Stock	60,630		60,632		60,630		60,657
Total weighted average shares - Basic	225,651		226,934		225,440		227,029
Effect of dilutive securities:
Employee stock options	2,619		2,750		2,641		2,557
Performance and restricted stock units	583		617		671		657
Weighted-average shares - Diluted	228,853		230,301		228,752		230,243
Earnings Per Share - Basic
Class B Common Stock	$	0.56	$	0.53	$	1.38	$	1.19
Common Stock	$	0.62	$	0.59	$	1.52	$	1.31
Earnings Per Share - Diluted
Class B Common Stock	$	0.55	$	0.53	$	1.37	$	1.18
Common Stock	$	0.59	$	0.56	$	1.46	$	1.26

Antidilutive stock options

The Class B Common Stock is convertible into Common Stock on a share for share basis at any time. The calculation of earnings per share-diluted for the Class B Common Stock was performed using the two-class method and the calculation of earnings per share-diluted for the Common Stock was performed using the if-converted method.



	For the Three Months Ended		For the Six Months Ended
	July 1, 2012	July 3, 2011	July 1, 2012	July 3, 2011
In millions
Stock options excluded from diluted earnings per share calculations because the effect would have been antidilutive	2.1	3.6	3.5	6.9