Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.23.2
Earnings Per Share
 6 Months Ended
Jul. 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 Six Months Ended
July 1,
2023		 June 25,
2022		 July 1,
2023		 June 25,
2022
(In millions, except per share amounts)
Numerator
Net income (loss) for basic earnings per share $ 27  $ 447  $ (112) $ 1,233 
Denominator
Basic weighted average shares 1,612  1,618  1,612  1,506 
Potentially dilutive shares from employee equity plans and warrants 15  14  —  15 
Diluted weighted average shares 1,627  1,632  1,612  1,521 
Earnings (loss) per share:
Basic $ 0.02  $ 0.28  $ (0.07) $ 0.82 
Diluted $ 0.02  $ 0.27  $ (0.07) $ 0.81 
Securities which would have been anti-dilutive are immaterial and are excluded from the computation of diluted earnings (loss) per share for all periods presented.