Earnings Per Share

9 Months Ended

Sep. 27, 2025

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


	Three Months Ended				Nine Months Ended
	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
	(In millions, except per share amounts)
Numerator
Income from continuing operations	$	1,172	$	771	$	2,649	$	1,159
Income from discontinued operations	71		—		175		—
Net income	$	1,243	$	771	$	2,824	$	1,159

Denominator
Basic weighted average shares	1,626		1,620		1,623		1,619
Potentially dilutive shares from employee equity plans	15		16		9		19
Diluted weighted average shares	1,641		1,636		1,632		1,638

Earnings per share:
Earnings per share from continuing operations - basic	$	0.72	$	0.48	$	1.63	$	0.72
Earnings per share from discontinued operations - basic	0.04		—		0.11		—
Basic earnings per share	$	0.76	$	0.48	$	1.74	$	0.72

Earnings per share from continuing operations - diluted	$	0.71	$	0.47	$	1.62	$	0.71
Earnings per share from discontinued operations - diluted	0.04		—		0.11		—
Diluted earnings per share	$	0.75	$	0.47	$	1.73	$	0.71

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.