RAYTHEON CO/ - 10-Q filing on 2016-10-27

Earnings per Share (EPS) (Tables)

9 Months Ended

Oct. 02, 2016

EPS from continuing operations attributable to Raytheon Company common stockholders and unvested stock-based payment awards was as follows:



	Three Months Ended				Nine Months Ended
	Oct 2, 2016		Sep 27, 2015		Oct 2, 2016		Sep 27, 2015
Basic EPS attributable to Raytheon Company common stockholders:
Distributed earnings	$	0.73	$	0.69	$	2.19	$	2.03
Undistributed earnings	1.06		0.78		3.41		2.88
Total	$	1.79	$	1.47	$	5.60	$	4.91
Diluted EPS attributable to Raytheon Company common stockholders:
Distributed earnings	$	0.73	$	0.68	$	2.19	$	2.03
Undistributed earnings	1.06		0.79		3.41		2.88
Total	$	1.79	$	1.47	$	5.60	$	4.91

Income attributable to participating securities was as follows:



	Three Months Ended				Nine Months Ended
(In millions)	Oct 2, 2016		Sep 27, 2015		Oct 2, 2016		Sep 27, 2015
Income from continuing operations attributable to participating securities	$	7	$	6	$	23	$	24
Income (loss) from discontinued operations, net of tax attributable to participating securities⁽¹⁾	—		—		—		—
Net income attributable to participating securities	$	7	$	6	$	23	$	24


(1)	Income (loss) from discontinued operations, net of tax attributable to participating securities was income of less than $1 million and a loss of less than $1 million for the third quarters of 2016 and 2015, respectively, and income of less than $1 million for the first nine months of 2016 and 2015.

The weighted-average shares outstanding for basic and diluted EPS were as follows:



	Three Months Ended		Nine Months Ended
(In millions)	Oct 2, 2016	Sep 27, 2015	Oct 2, 2016	Sep 27, 2015
Shares for basic EPS⁽¹⁾	295.2	303.9	297.2	305.8
Dilutive effect of LTPP and RSUs	0.3	0.4	0.3	0.4
Shares for diluted EPS	295.5	304.3	297.5	306.2


(1)	Includes 3.7 million and 4.3 million participating securities for the three months ended October 2, 2016 and September 27, 2015, respectively, and 4.1 million and 4.9 million participating securities for the nine months ended October 2, 2016 and September 27, 2015, respectively.