Earnings Per Share

9 Months Ended

Sep. 25, 2021


Note 3 :			Earnings Per Share

We computed basic earnings per share of common stock based on the weighted average number of shares of common stock outstanding during the period. We computed diluted earnings per share of common stock based on the weighted average number of shares of common stock outstanding plus potentially dilutive shares of common stock outstanding during the period.


	Three Months Ended				Nine Months Ended
(In Millions, Except Per Share Amounts)	Sep 25, 2021		Sep 26, 2020		Sep 25, 2021		Sep 26, 2020
Net income available to common stockholders	$	6,823	$	4,276	$	15,245	$	15,042
Weighted average shares of common stock outstanding—basic	4,061		4,188		4,055		4,233
Dilutive effect of employee equity incentive plans	25		23		34		36

Weighted average shares of common stock outstanding—diluted	4,086		4,211		4,089		4,269
Earnings per share—basic	$	1.68	$	1.02	$	3.76	$	3.55
Earnings per share—diluted	$	1.67	$	1.02	$	3.73	$	3.52

Potentially dilutive shares of common stock from employee equity incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding RSUs, and the assumed issuance of common stock under the stock purchase plan.

Securities which would have been anti-dilutive are insignificant and are excluded from the computation of diluted earnings per share in all periods presented.