Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.21.1
Earnings Per Share
 3 Months Ended
Mar. 27, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table sets forth the components of basic and diluted earnings per share:
Three Months Ended
March 27,
2021		 March 28,
2020
(In millions, except per share amounts)
Numerator
Net income for basic earnings per share $ 555  $ 162 
Effect of potentially dilutive shares:
        Interest expense related to the 2.125% Notes —  4 
Net income for diluted earnings per share $ 555  $ 166 
Denominator
Basic weighted average shares 1,213  1,170 
Effect of potentially dilutive shares:
        Employee equity plans and warrants 18  23 
        2.125% Notes —  31 
Diluted weighted average shares 1,231  1,224 
Earnings per share:
Basic $ 0.46  $ 0.14 
Diluted $ 0.45  $ 0.14