Earnings Per Share

9 Months Ended

Sep. 28, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table sets forth the components of basic and diluted earnings per share:

	Three Months Ended				Nine Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
	(In millions, except per share amounts)
Numerator
Net income for basic earnings per share	$	771	$	299	$	1,159	$	187
Denominator
Basic weighted average shares	1,620		1,616		1,619		1,613
Potentially dilutive shares from employee equity plans	16		13		19		12
Diluted weighted average shares	1,636		1,629		1,638		1,625
Earnings per share:
Basic	$	0.48	$	0.18	$	0.72	$	0.12
Diluted	$	0.47	$	0.18	$	0.71	$	0.11

Securities which would have been anti-dilutive are not material and are excluded from the computation of diluted earnings per share for all periods presented.