Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.21.2
Earnings Per Share (Tables)
 9 Months Ended
Sep. 25, 2021
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 Nine Months Ended
September 25,
2021		 September 26,
2020		 September 25,
2021		 September 26,
2020
(In millions, except per share amounts)
Numerator
Net income for basic earnings per share $ 923  $ 390  $ 2,188  $ 709 
Effect of potentially dilutive shares:
        Interest expense related to the 2.125% Notes —  1  —  4 
Net income for diluted earnings per share $ 923  $ 391  $ 2,188  $ 713 
Denominator
Basic weighted average shares 1,214  1,184  1,214  1,176 
Effect of potentially dilutive shares:
        Employee equity plans and warrants 16  20  17  21 
        2.125% Notes —  11  —  11 
Diluted weighted average shares 1,230  1,215  1,231  1,208 
Earnings per share:
Basic $ 0.76  $ 0.33  $ 1.80  $ 0.60 
Diluted $ 0.75  $ 0.32  $ 1.78  $ 0.59