Net Income Per Share

6 Months Ended

Jul. 02, 2011

Net Income Per Share [Abstract]

Net Income (Loss) Per Share

Note 11. Net Income Per Share

Net income per common share was computed as follows:

	Three Months Ended				Six Months Ended
(In millions, except per share amounts)	July 2, 2011		July 3, 2010		July 2, 2011		July 3, 2010
(A) Net income available to common shareholders	$	73.3	$	83.8	$	118.1	$	138.5
(B) Weighted-average number of common shares outstanding		105.7		105.6		105.6		105.5
Dilutive shares (additional common shares issuable under employee stock-based awards)		1.2		1.2		1.2		1.1
(C) Weighted-average number of common shares outstanding, assuming dilution		106.9		106.8		106.8		106.6
Net income per common share (A) ÷ (B)	$	.69	$	.79	$	1.12	$	1.31
Net income per common share, assuming dilution (A) ÷ (C)	$	.69	$	.78	$	1.11	$	1.30

Certain employee stock-based awards were not included in the computation of net income per common share, assuming dilution, because they would not have had a dilutive effect. Employee stock-based awards excluded from the computation totaled approximately 10 million shares and 11 million shares for the three and six months ended July 2, 2011, respectively, and approximately 8 million shares and 9 million shares for the three and six months ended and July 3, 2010, respectively.