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Earnings (Loss) Per Share (Tables)
3 Months Ended
Apr. 03, 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 earnings per share (in millions except shares in thousands and per share data):

 

 

 

Three Months Ended

 

 

 

April 3,

 

 

March 28,

 

 

 

2021

 

 

2020

 

Net income (loss)

 

$

49

 

 

$

(21

)

 

 

 

 

 

 

 

 

 

Shares used in computing basic earnings per share

 

 

143,382

 

 

 

122,962

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Dilutive effect of common stock equivalents

 

 

4,274

 

 

 

-

 

Shares used in computing diluted earnings per share

 

 

147,656

 

 

 

122,962

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share:

 

 

 

 

 

 

 

 

Basic

 

$

0.34

 

 

$

(0.17

)

Diluted

 

$

0.33

 

 

$

(0.17

)