Earnings Per Common Share (Tables)

6 Months Ended

Jul. 02, 2022

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 earnings per share (in millions, except shares in thousands, and per share data):

	Three Months Ended				Six Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Numerator for Basic and Diluted Earnings Per Common Share
Net income	$	94	$	58	$	181	$	107
Denominator for Basic and Diluted Earnings Per Common Share
Weighted average basic number of shares outstanding		145,457		143,939		145,286		143,657
Add: dilutive effect of stock equivalents		3,372		4,389		3,550		4,393
Weighted average diluted number of shares outstanding		148,829		148,328		148,836		148,050
Earnings per common share:
Basic	$	0.65	$	0.40	$	1.25	$	0.74
Diluted	$	0.63	$	0.39	$	1.22	$	0.72