Annual report pursuant to Section 13 and 15(d)

Supplementary Financial Information (unaudited) (Tables)

v3.20.4
Supplementary Financial Information (unaudited) (Tables)
12 Months Ended
Dec. 26, 2020
Quarterly Financial Data [Abstract]  
Supplementary Financial Information
(In millions, except per share amounts)

2020 2019

Dec 26 Sep 26 June 27 Mar 28 Dec 28   Sep 28 June 29 Mar 30
Net revenue $ 3,244  $ 2,801  $ 1,932  $ 1,786  $ 2,127  $ 1,801  $ 1,531  $ 1,272 
Cost of sales 1,793  1,571  1,084  968  1,178  1,024  910  751 
Gross profit 1,451  1,230  848  818  949  777  621  521 
Research and development 573  508  460  442  395  406  373  373 
Marketing, general and administrative 308  273  215  199  206  185  189  170 
Licensing gain —  —  —  —  —  —  —  (60)
Operating income 570  449  173  177  348  186  59  38 
Interest expense (9) (11) (14) (13) (18) (24) (25) (27)
Other income (expense), net (15) (37) (125) (36) (7)
Income before income taxes 546  401  160  168  205  126  37 
Income tax provision (benefit) (1)
(1,232) 12  35  (13)
Equity income (loss) in investee —  —  —  (1)
Net income $ 1,781  $ 390  $ 157  $ 162  $ 170  $ 120  $ 35  $ 16 
Earnings per share
Basic $ 1.48  $ 0.33  $ 0.13  $ 0.14  $ 0.15  $ 0.11  $ 0.03  $ 0.01 
Diluted $ 1.45  $ 0.32  $ 0.13  $ 0.14  $ 0.15  $ 0.11  $ 0.03  $ 0.01 
Shares used in per share calculation
Basic 1,205  1,184  1,174  1,170  1,140  1,097  1,084  1,044 
Diluted 1,226  1,215  1,227  1,224  1,188  1,117  1,109  1,094