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Earnings Per Share
 9 Months Ended
Mar. 31, 2012
Earnings Per Share  
Earnings Per Share
8. EARNINGS PER SHARE

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

 

     13-Week Period Ended      39-Week Period Ended  
     Mar. 31, 2012      Apr. 2, 2011      Mar. 31, 2012      Apr. 2, 2011  
     (In thousands, except for share and per share data)  

Numerator:

            

Net earnings

    $ 259,550       $ 258,478       $ 812,316       $ 815,720   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Weighted-average basic shares outstanding

      585,823,393         583,722,009         588,004,593         585,792,383   

Dilutive effect of share-based awards

      1,391,298         1,699,855         1,227,557         2,086,126   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted-average diluted shares outstanding

      587,214,691         585,421,864         589,232,150         587,878,509   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share:

    $ 0.44       $ 0.44       $ 1.38       $ 1.39   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share:

    $ 0.44       $ 0.44       $ 1.38       $ 1.39   
  

 

 

     

 

 

     

 

 

     

 

 

  

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 54,400,000 for the third quarter of fiscal 2012 and 2011, respectively. 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 49,700,000 and 51,300,000 for the first 39 weeks of fiscal 2012 and 2011, respectively.