Net Income Per Common Share (Tables)

12 Months Ended

Jan. 02, 2016

Net Income Per Common Share

Schedule of net income per common share

(In millions, except per share amounts)		2015			2014			2013
(A)	Income from continuing operations	$	274.4		$	247.3		$	241.7
(B)	Loss from discontinued operations, net of tax		(.1	)		(2.2	)		(28.5	)
(C)	Net income available to common shareholders	$	274.3		$	245.1		$	213.2
(D)	Weighted average number of common shares outstanding		91.0			93.8			98.4
	Dilutive shares (additional common shares issuable under stock-based awards)		1.9			1.9			1.7
(E)	Weighted average number of common shares outstanding, assuming dilution		92.9			95.7			100.1
Net income (loss) per common share:
Continuing operations (A) ÷ (D)		$	3.01		$	2.64		$	2.46
Discontinued operations (B) ÷ (D)			–			(.03	)		(.29	)
Net income per common share (C) ÷ (D)		$	3.01		$	2.61		$	2.17
Net income (loss) per common share, assuming dilution:
Continuing operations (A) ÷ (E)		$	2.95		$	2.58		$	2.41
Discontinued operations (B) ÷ (E)			–			(.02	)		(.28	)
Net income per common share, assuming dilution (C) ÷ (E)		$	2.95		$	2.56		$	2.13