Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.19.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 29, 2019
Earnings Per Share [Abstract]  
Components of Basic and Diluted Earnings (Loss) Per Share
The following table sets forth the components of basic and diluted earnings per share:
 
Three Months Ended
 
Six Months Ended
 
June 29,
2019
 
June 30,
2018
 
June 29,
2019
 
June 30,
2018
 
(In millions, except per share amounts)
Numerator
 
 
 
 
 
 
 
Net income
$
35

 
$
116

 
$
51

 
$
197

Effect of assumed conversion of Convertible 2.125% Notes:
 
 
 
 
 
 
 
              Interest expense related to Convertible 2.125% Notes
—

 
11

 
—

 
—

Numerator for diluted earnings per share
$
35

 
$
127

 
$
51

 
$
197

Denominator
 
 
 
 
 
 
 
Basic weighted-average shares
1,084

 
972

 
1,064

 
970

Effect of potentially dilutive shares:
 
 
 
 
 
 
 
              Employee equity incentive plans and warrants
25

 
74

 
38

 
73

         Convertible 2.125% Notes
—

 
101

 
—

 
—

Diluted weighted-average shares
1,109

 
1,147

 
1,102

 
1,043

Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.03

 
$
0.12

 
$
0.05

 
$
0.20

Diluted
$
0.03

 
$
0.11

 
$
0.05

 
$
0.19