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Earnings Per Share (Tables)
9 Months Ended
Oct. 03, 2015
Reconciliation of Net Earnings Attributable to Common Shareowners and Weighted-Average Shares Outstanding used to Calculate Basic and Diluted Earnings per Share
The following table reconciles net earnings attributable to common shareowners and the weighted average shares outstanding used to calculate basic and diluted earnings per share for the three and nine months ended October 3, 2015 and September 27, 2014:
 
 
Third Quarter
 
Year-to-Date
 
2015
 
2014
 
2015
 
2014
Numerator (in millions):
 
 
 
 
 
 
 
Net earnings from continuing operations attributable to common shareowners
$
234.1

 
$
246.4

 
$
636.6

 
$
637.9

Net loss from discontinued operations
(5.4
)
 
(9.7
)
 
(18.4
)
 
(22.8
)
Net earnings attributable to common shareowners
$
228.7

 
$
236.7

 
$
618.2

 
$
615.1


 
Third Quarter
 
Year-to-Date
 
2015
 
2014
 
2015
 
2014
Denominator (in thousands):
 
 
 
 
 
 
 
Basic earnings per share — weighted average shares
145,911

 
156,628

 
148,796

 
156,278

Dilutive effect of stock options, awards and convertible preferred units
4,870

 
3,954

 
4,609

 
3,477

Diluted earnings per share — weighted average shares
150,781

 
160,582

 
153,405

 
159,755

Earnings (loss) per share of common stock:
 
 
 
 
 
 
 
Basic earnings (loss) per share of common stock:
 
 
 
 
 
 
 
Continuing operations
$
1.60

 
$
1.57

 
$
4.28

 
$
4.08

Discontinued operations
(0.04
)
 
(0.06
)
 
(0.12
)
 
(0.15
)
Total basic earnings per share of common stock
$
1.57

 
$
1.51

 
$
4.15

 
$
3.94

Diluted earnings (loss) per share of common stock:
 
 
 
 
 
 
 
Continuing operations
$
1.55

 
$
1.53

 
$
4.15

 
$
3.99

Discontinued operations
(0.04
)
 
(0.06
)
 
(0.12
)
 
(0.14
)
Total dilutive earnings per share of common stock
$
1.52

 
$
1.47

 
$
4.03

 
$
3.85

Weighted-Average Stock Options and Warrants Outstanding Not included in Computation of Diluted Shares Outstanding
The following weighted average stock options were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive (in thousands):
 
Third Quarter
 
Year-to-Date
 
2015
 
2014
 
2015
 
2014
Number of stock options
636

 
310

 
751

 
736