Earnings Per Share (Tables)

12 Months Ended

Jan. 02, 2021

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted EPS:

	2020		2019		2018
Numerator:
Net (loss) income	$	(226)	$	385	$	407
Series A convertible preferred stock dividends	28		—		—
Net (loss) income available to common shareholders	$	(254)	$	385	$	407
Denominator:
Weighted-average common shares outstanding	220		218		216
Effect of dilutive securities	—		2		2
Effect of dilutive underlying shares of the Series A convertible preferred stock	—		—		—
Weighted-average dilutive shares outstanding	220		220		218
Net (loss) income per share:
Basic	$	(1.15)	$	1.77	$	1.88
Diluted	$	(1.15)	$	1.75	$	1.87