Earnings Per Share

6 Months Ended

Jun. 28, 2025

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


	Three Months Ended				Six Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
	(In millions, except per share amounts)
Numerator
Income from continuing operations	$	768	$	265	$	1,477	$	388
Income from discontinued operations	104		—		104		—
Net income	$	872	$	265	$	1,581	$	388

Denominator
Basic weighted average shares	1,623		1,618		1,621		1,617
Potentially dilutive shares from employee equity plans	7		19		7		21
Diluted weighted average shares	1,630		1,637		1,628		1,638

Earnings per share:
Earnings per share from continuing operations - basic	$	0.47	$	0.16	$	0.91	$	0.24
Earnings per share from discontinued operations - basic	0.07		—		0.07		—
Basic earnings per share	$	0.54	$	0.16	$	0.98	$	0.24

Earnings per share from continuing operations - diluted	$	0.47	$	0.16	$	0.91	$	0.24
Earnings per share from discontinued operations - diluted	0.07		—		0.06		—
Diluted earnings per share	$	0.54	$	0.16	$	0.97	$	0.24

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.