Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.20.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 27, 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 Six Months Ended
June 27,
2020		 June 29,
2019		 June 27,
2020		 June 29,
2019
(In millions, except per share amounts)
Numerator
Net income for basic earnings per share $ 157    $ 35    $ 319    $ 51   
Effect of potentially dilutive shares:
        Interest expense related to the 2.125% Notes 3    —    7    —   
Net income for diluted earnings per share $ 160    $ 35    $ 326    $ 51   
Denominator
Basic weighted average shares 1,174    1,084    1,172    1,064   
Effect of potentially dilutive shares:
        Employee equity plans and warrants 22    25    22    38   
        2.125% Notes 31    —    31    —   
Diluted weighted average shares 1,227    1,109    1,225    1,102   
Earnings per share:
Basic $ 0.13    $ 0.03    $ 0.27    $ 0.05   
Diluted $ 0.13    $ 0.03    $ 0.27    $ 0.05