Earnings Per Share

9 Months Ended

Oct. 01, 2022


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)	Oct 1, 2022		Sep 25, 2021		Oct 1, 2022		Sep 25, 2021
Net income available to common stockholders	$	1,019	$	6,823	$	8,678	$	15,245
Weighted average shares of common stock outstanding—basic	4,118		4,061		4,104		4,055
Dilutive effect of employee equity incentive plans	7		25		19		34

Weighted average shares of common stock outstanding—diluted	4,125		4,086		4,123		4,089
Earnings per share—basic	$	0.25	$	1.68	$	2.11	$	3.76
Earnings per share—diluted	$	0.25	$	1.67	$	2.10	$	3.73

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.