Earnings Per Share (Tables)

6 Months Ended

Jul. 01, 2023

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share

The reconciliation of the numerator and denominator used for the computation of basic and diluted earnings per share follows:

	Three Months Ended				Six Months Ended
(in millions, except per share data)	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Numerator for Basic and Diluted Earnings Per Share:
Net income	$	50	$	94	$	107	$	181
Denominator for Basic and Diluted Earnings Per Share:
Weighted average basic number of common shares outstanding	147		145		147		145
Plus: dilutive effect of common stock equivalents	2		4		2		4
Weighted average diluted number of common shares outstanding	149		149		149		149
Earnings per share:
Basic	$	0.34	$	0.65	$	0.73	$	1.25
Diluted	$	0.34	$	0.63	$	0.72	$	1.22