Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.24.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 29, 2024
Earnings Per Share [Abstract]  
Components of Basic and Diluted 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
June 29,
2024		 July 1,
2023		 June 29,
2024		 July 1,
2023
(In millions, except per share amounts)
Numerator
Net income (loss) for basic earnings per share $ 265  $ 27  $ 388  $ (112)
Denominator
Basic weighted average shares 1,618  1,612  1,617  1,612 
Potentially dilutive shares from employee equity plans 19  15  21  — 
Diluted weighted average shares 1,637  1,627  1,638  1,612 
Earnings (loss) per share:
Basic $ 0.16  $ 0.02  $ 0.24  $ (0.07)
Diluted $ 0.16  $ 0.02  $ 0.24  $ (0.07)