XML 23 R10.htm IDEA: XBRL DOCUMENT v3.25.2
Net Earnings Per Common Share
 6 Months Ended
Jun. 27, 2025
Earnings Per Share [Abstract]  
Net Earnings Per Common Share NET EARNINGS PER COMMON SHARE
Basic net earnings per common share (“EPS”) is calculated by taking net earnings divided by the weighted average number of common shares outstanding for the applicable period. Diluted net EPS is computed by taking net earnings increased by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued and reduced by the number of shares the Company could have repurchased with the proceeds from the issuance of the potentially dilutive shares. For the three-month periods ended June 27, 2025 and June 28, 2024, approximately 8.3 million and 2.9 million options, respectively, and for the six-month periods ended June 27, 2025 and June 28, 2024, approximately 6.8 million and 1.7 million options, respectively, to purchase shares were excluded from the diluted EPS calculation, as the impact of their inclusion would have been anti-dilutive. Basic and diluted EPS are computed independently for each quarter and year-to-date period, and each period involves the use of different weighted average share count figures. As a result, and after factoring in the effect of rounding to the nearest cent per share, the sum of prior quarterly EPS figures may not equal year-to-date EPS.
Information related to the calculation of net earnings per common share is summarized as follows ($ and shares in millions, except per share amounts):
Three-Month Period EndedSix-Month Period Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Numerator:
Net earnings
$555 $907 $1,509 $1,995 
Denominator:
Weighted average common shares outstanding used in Basic EPS716.5 737.6 716.4 739.1 
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive restricted stock units (“RSUs”) and performance stock units (“PSUs”)2.6 4.8 3.5 6.4 
Weighted average common shares outstanding used in Diluted EPS719.1 742.4 719.9 745.5 
Basic EPS
$0.77 $1.23 $2.11 $2.70 
Diluted EPS
$0.77 $1.22 $2.10 $2.68