Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.20.4
Earnings Per Share (Tables)
 12 Months Ended
Dec. 26, 2020
Earnings Per Share [Abstract]  
Components of basic and diluted income (loss) per share
The following table sets forth the components of basic and diluted earnings per share:
2020 2019 2018
  (In millions, except per share amounts)
Numerator
Net income for basic earnings per share $ 2,490  $ 341  $ 337 
Effect of potentially dilutive shares:
Interest expense related to the 2.125% Notes 1  —  — 
Net income for diluted earnings per share $ 2,491  $ 341  $ 337 
Denominator
Basic weighted average shares 1,184  1,091  982 
Effect of potentially dilutive shares:
Employee equity plans and warrants 20  29  82 
2.125% Notes 3  —  — 
Diluted weighted average shares 1,207  1,120  1,064 
Earnings per share:
Basic $ 2.10  $ 0.31  $ 0.34 
Diluted $ 2.06  $ 0.30  $ 0.32