JOHNSON & JOHNSON | 2013 | FY | 3

The following is a reconciliation of basic net earnings per share to diluted net earnings per share for the fiscal years ended December 29, 2013, December 30, 2012 and January 1, 2012:
(In Millions Except Per Share Amounts)
 
2013
 
2012
 
2011
Basic net earnings per share attributable to Johnson & Johnson
 
$
4.92

 
3.94

 
3.54

Average shares outstanding — basic
 
2,809.2

 
2,753.3

 
2,736.0

Potential shares exercisable under stock option plans
 
148.5

 
164.6

 
158.3

Less: shares repurchased under treasury stock method
 
(103.3
)
 
(128.2
)
 
(122.6
)
Convertible debt shares
 
3.0

 
3.6

 
3.6

Accelerated share repurchase program
 
19.6

 
19.3

 
—

Adjusted average shares outstanding — diluted
 
2,877.0

 
2,812.6

 
2,775.3

Diluted net earnings per share attributable to Johnson & Johnson
 
$
4.81

 
3.86

 
3.49

us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock