Earnings Per Share

3 Months Ended

Oct. 01, 2011

7. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:


	13-Week Period Ended
	October 1, 2011		October 2, 2010
	(In thousands, except for share and per share data)
Numerator:
Net earnings	$	302,653	$	299,069


Denominator:
Weighted-average basic shares outstanding		592,003,631		588,711,412
Dilutive effect of share-based awards		1,445,470		2,391,934
Weighted-average diluted shares outstanding		593,449,101		591,103,346


Basic earnings per share:	$	0.51	$	0.51


Diluted earnings per share:	$	0.51	$	0.51

The number of options that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 50,000,000 and 47,800,000 for the first quarter of fiscal 2012 and 2011, respectively.