Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.23.1
Earnings Per Share
 3 Months Ended
Apr. 01, 2023
Earnings Per Share [Abstract]  
Earnings Per Share Earnings (Loss) Per Share
The following table sets forth the components of basic and diluted earnings (loss) per share:
Three Months Ended
April 1,
2023		 March 26,
2022
(In millions, except per share amounts)
Numerator
Net income (loss) for basic earnings per share $ (139) $ 786 
Denominator
Basic weighted average shares 1,611  1,393 
Potentially dilutive shares from employee equity plans and warrants —  17 
Diluted weighted average shares 1,611  1,410 
Earnings (loss) per share:
Basic $ (0.09) $ 0.56 
Diluted $ (0.09) $ 0.56 
Securities which would have been anti-dilutive are insignificant and are excluded from the computation of diluted earnings per share in all periods presented.