Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.22.0.1
Earnings Per Share (Tables)
12 Months Ended
Dec. 25, 2021
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:
December 25, 2021 December 26, 2020 December 28, 2019
  (In millions, except per share amounts)
Numerator
Net income for basic earnings per share $ 3,162  $ 2,490  $ 341 
Effect of potentially dilutive shares:
Interest expense related to the 2.125% Notes —  — 
Net income for diluted earnings per share $ 3,162  $ 2,491  $ 341 
Denominator
Basic weighted-average shares 1,213  1,184  1,091 
Effect of potentially dilutive shares:
Employee equity plans and warrants 16  20  29 
2.125% Notes —  — 
Diluted weighted-average shares 1,229  1,207  1,120 
Earnings per share:
Basic $ 2.61  $ 2.10  $ 0.31 
Diluted $ 2.57  $ 2.06  $ 0.30