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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted EPS
The following table sets forth the computation of basic and diluted EPS:
13 Weeks Ended39 Weeks Ended
September 30, 2023October 1, 2022September 30, 2023October 1, 2022
Numerator:
Net income
$95 $109 $359 $172 
Less: Series A Preferred Stock Dividends
— (9)(7)(27)
Net income available to common shareholders
$95 $100 $352 $145 
Denominator:
Weighted-average common shares outstanding—basic
247 225 237 224 
Effect of dilutive share-based awards
Effect of dilutive underlying shares of the Series A Preferred Stock (1)
— 25 11 — 
Weighted-average common shares outstanding—diluted
249 251 251 226 
Net income per share
Basic$0.38 $0.44 $1.49 $0.65 
Diluted
$0.38 $0.43 $1.43 $0.64 

(1)    Under the if-converted method, outstanding shares of the Series A Preferred Stock are converted to common shares for inclusion in the calculation of the weighted-average common shares outstanding—diluted. Once converted, there would be no preferred stock outstanding and therefore no Series A Preferred Stock dividend. As of September 30, 2023, the 11 million shares represent the weighted average impact of these shares during the 39 weeks ended September 30, 2023. See Note 14, Convertible Preferred Stock, for details on the Series A Preferred Stock.