Earnings Per Share (Notes)

9 Months Ended

Sep. 28, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Our earnings per common share (“EPS”) were:

	For the Three Months Ended				For the Nine Months Ended
	September 28, 2019		September 29, 2018		September 28, 2019		September 29, 2018
			(As Restated)				(As Restated)
	(in millions, except per share data)
Basic Earnings Per Common Share:
Net income/(loss) attributable to common shareholders	$	899	$	619	$	1,753	$	2,376
Weighted average shares of common stock outstanding	1,221		1,219		1,220		1,219
Net earnings/(loss)	$	0.74	$	0.51	$	1.44	$	1.95
Diluted Earnings Per Common Share:
Net income/(loss) attributable to common shareholders	$	899	$	619	$	1,753	$	2,376
Weighted average shares of common stock outstanding	1,221		1,219		1,220		1,219
Effect of dilutive equity awards	2		7		3		8
Weighted average shares of common stock outstanding, including dilutive effect	1,223		1,226		1,223		1,227
Net earnings/(loss)	$	0.74	$	0.50	$	1.43	$	1.94

We use the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted EPS. Anti-dilutive shares were 13 million for the three months and 11 million for the nine months ended September 28, 2019 and 6 million for the three months and 5 million for the nine months ended September 29, 2018.