| Supplementary Financial Information |
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(In millions, except per share amounts) |
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2020 |
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2019 |
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Dec 26 |
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Sep 26 |
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June 27 |
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Mar 28 |
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Dec 28 |
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Sep 28 |
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June 29 |
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Mar 30 |
| Net revenue |
$ |
3,244 |
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$ |
2,801 |
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$ |
1,932 |
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$ |
1,786 |
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$ |
2,127 |
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$ |
1,801 |
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$ |
1,531 |
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$ |
1,272 |
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| Cost of sales |
1,793 |
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1,571 |
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1,084 |
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968 |
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1,178 |
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1,024 |
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910 |
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751 |
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| Gross profit |
1,451 |
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1,230 |
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|
848 |
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818 |
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949 |
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777 |
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621 |
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521 |
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| Research and development |
573 |
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|
508 |
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460 |
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442 |
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395 |
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406 |
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373 |
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373 |
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| Marketing, general and administrative |
308 |
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273 |
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215 |
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|
199 |
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|
206 |
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185 |
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|
189 |
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|
170 |
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| Licensing gain |
— |
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— |
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— |
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— |
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— |
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— |
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— |
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(60) |
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| Operating income |
570 |
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|
449 |
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|
173 |
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|
177 |
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348 |
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|
186 |
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|
59 |
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38 |
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| Interest expense |
(9) |
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(11) |
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(14) |
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(13) |
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(18) |
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(24) |
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(25) |
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(27) |
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| Other income (expense), net |
(15) |
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(37) |
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1 |
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4 |
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(125) |
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(36) |
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3 |
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(7) |
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| Income before income taxes |
546 |
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|
401 |
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160 |
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168 |
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|
205 |
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|
126 |
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37 |
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4 |
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Income tax provision (benefit) (1)
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(1,232) |
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12 |
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4 |
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6 |
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35 |
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7 |
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2 |
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(13) |
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| Equity income (loss) in investee |
3 |
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1 |
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1 |
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— |
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— |
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1 |
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— |
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(1) |
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| Net income |
$ |
1,781 |
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$ |
390 |
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$ |
157 |
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$ |
162 |
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$ |
170 |
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$ |
120 |
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$ |
35 |
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$ |
16 |
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| Earnings per share |
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| Basic |
$ |
1.48 |
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$ |
0.33 |
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$ |
0.13 |
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$ |
0.14 |
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$ |
0.15 |
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$ |
0.11 |
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$ |
0.03 |
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$ |
0.01 |
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| Diluted |
$ |
1.45 |
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$ |
0.32 |
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$ |
0.13 |
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$ |
0.14 |
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$ |
0.15 |
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$ |
0.11 |
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$ |
0.03 |
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$ |
0.01 |
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| Shares used in per share calculation |
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| Basic |
1,205 |
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1,184 |
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1,174 |
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1,170 |
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1,140 |
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1,097 |
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1,084 |
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1,044 |
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| Diluted |
1,226 |
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1,215 |
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1,227 |
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1,224 |
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1,188 |
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1,117 |
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1,109 |
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1,094 |
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