Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.22.4
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Components of basic and diluted income (loss) per share The following table sets forth the components of basic and diluted earnings per share:
Year Ended
December 31, 2022 December 25, 2021 December 26, 2020
  (In millions, except per share amounts)
Numerator
Net income for basic earnings per share $ 1,320  $ 3,162  $ 2,490 
Effect of potentially dilutive shares:
Interest expense related to the 2.125% Notes —  —  1 
Net income for diluted earnings per share $ 1,320  $ 3,162  $ 2,491 
Denominator
Basic weighted-average shares 1,561  1,213  1,184 
Effect of potentially dilutive shares:
Employee equity plans and warrants 10  16  20 
2.125% Notes —  —  3 
Diluted weighted-average shares 1,571  1,229  1,207 
Earnings per share:
Basic $ 0.85  $ 2.61  $ 2.10 
Diluted $ 0.84  $ 2.57  $ 2.06