Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.8.0.1
EARNINGS PER SHARE
 12 Months Ended
Dec. 30, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
 
(In thousands, except per share amounts)
 
2017
 
 
2016
 
2015
Earnings per share — basic:
 
 
 
 
 
 
 
Income from continuing operations
 
$
721,209

 
 
$
1,078,854

 
$
1,217,056

Weighted average common shares outstanding
 
399,223

 
 
416,103

 
425,408

Earnings per share from continuing operations
 
$
1.81

 
 
$
2.59

 
$
2.86

Earnings per share — diluted:
 

 
 

 

Income from continuing operations
 
$
721,209

 
 
$
1,078,854

 
$
1,217,056

Weighted average common shares outstanding
 
399,223

 
 
416,103

 
425,408

Incremental shares from stock options and other dilutive securities
 
4,336

 
 
5,978

 
6,671

Adjusted weighted average common shares outstanding
 
403,559

 
 
422,081

 
432,079

Earnings per share from continuing operations
 
$
1.79

 
 
$
2.56

 
$
2.82



Outstanding options to purchase 6.9 million, 5.8 million and 2.4 million shares of Common Stock were excluded from the calculations of diluted earnings per share in 2017, 2016 and 2015, respectively, because the effect of their inclusion would have been antidilutive to those years. In addition, 0.9 million shares of
performance-based RSUs were excluded from the calculations of diluted earnings per share in each of 2017, 2016 and 2015, because these units were not considered to be contingent outstanding shares.