EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

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
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
In thousands except per share amounts
Net income	$	159,504	$	135,685	$	401,410	$	334,336
Weighted-average shares - Basic
Common Stock	163,295		165,021		163,537		164,810
Class B Common Stock	60,629		60,630		60,629		60,630
Total weighted- average shares - Basic	223,924		225,651		224,166		225,440
Effect of dilutive securities:
Employee stock options	2,448		2,619		2,516		2,641
Performance and restricted stock units	468		583		592		671
Weighted-average shares - Diluted	226,840		228,853		227,274		228,752
Earnings Per Share - Basic
Class B Common Stock	$	0.66	$	0.56	$	1.67	$	1.38
Common Stock	$	0.73	$	0.62	$	1.84	$	1.52
Earnings Per Share - Diluted
Class B Common Stock	$	0.66	$	0.55	$	1.65	$	1.37
Common Stock	$	0.70	$	0.59	$	1.77	$	1.46

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
	June 30, 2013	July 1, 2012	June 30, 2013	July 1, 2012
In millions
Stock options excluded from diluted earnings per share calculations because the effect would have been antidilutive	1.7	2.1	1.8	3.5