Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.20.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 28, 2020
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
 
March 28,
2020
 
March 30,
2019
 
(In millions, except per share amounts)
Numerator
 
 
 
Net income for basic earnings per share
$
162

 
$
16

Effect of potentially dilutive shares:
 
 
 
        Interest expense related to the 2.125% Notes
4

 
—

Net income for diluted earnings per share
$
166

 
$
16

Denominator
 
 
 
Basic weighted average shares
1,170

 
1,044

Effect of potentially dilutive shares:
 
 
 
        Employee equity plans and warrants
23

 
50

        2.125% Notes
31

 
—

Diluted weighted average shares
1,224

 
1,094

Earnings per share:
 
 
 
Basic
$
0.14

 
$
0.01

Diluted
$
0.14

 
$
0.01