Diluted net earnings per share from continuing operations
increased 25% to $3.83 in 2013 due to the increase in net
earnings and a reduction in shares outstanding. The number
of shares outstanding decreased due to $6.0 billion of
treasury share repurchases under our publicly announced
share repurchase program, partially offset by shares issued
under share-based compensation plans. Diluted net earnings
per share from discontinued operations was $0.03 due to the
earnings of the Pet Care business. Diluted net earnings per
share from discontinued operations in 2012 was $0.60
primarily due to the gain on the divestiture of the Snacks
business and earnings of the Snacks business prior to
divestiture. Diluted net earnings per share increased 5% to
$3.86.