Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.21.2
Earnings Per Share
 6 Months Ended
Jun. 26, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table sets forth the components of basic and diluted earnings per share:
Three Months Ended Six Months Ended
June 26,
2021		 June 27,
2020		 June 26,
2021		 June 27,
2020
(In millions, except per share amounts)
Numerator
Net income for basic earnings per share $ 710  $ 157  $ 1,265  $ 319 
Effect of potentially dilutive shares:
        Interest expense related to the 2.125% Notes —  3  —  7 
Net income for diluted earnings per share $ 710  $ 160  $ 1,265  $ 326 
Denominator
Basic weighted average shares 1,216  1,174  1,214  1,172 
Effect of potentially dilutive shares:
        Employee equity plans and warrants 16  22  17  22 
        2.125% Notes —  31  —  31 
Diluted weighted average shares 1,232  1,227  1,231  1,225 
Earnings per share:
Basic $ 0.58  $ 0.13  $ 1.04  $ 0.27 
Diluted $ 0.58  $ 0.13  $ 1.03  $ 0.27