Earnings Per Share

3 Months Ended

Apr. 05, 2025

Earnings Per Share [Abstract]

Earnings Per Share

16. Earnings Per Share

The computations of basic and diluted net earnings per share for the first quarter of 2025 and 2024 are as follows (in millions, except per share data):
 

	Three Months (13 Weeks) Ended
	April 5, 2025		March 30, 2024
Basic net earnings per share:
Basic net earnings	$	156	$	845
Earnings allocated to participating securities		-		(3	)
Net earnings available to common stockholders	$	156	$	842
Basic average shares outstanding		232.7		243.1
Basic net earnings per share	$	0.67	$	3.46
Diluted net earnings per share:
Diluted net earnings	$	156	$	845
Earnings allocated to participating securities		-		(3	)
Net earnings available to common stockholders	$	156	$	842
Diluted average shares outstanding:
Basic average shares outstanding		232.7		243.1
Dilutive effect of stock options and other		0.2		0.4
		232.9		243.5
Diluted net earnings per share	$	0.67	$	3.46

The following stock options were excluded from the computation of diluted net earnings per share because their effect would have been anti-dilutive (shares in thousands):

	Three Months (13 Weeks) Ended
	April 5, 2025		March 30, 2024
Anti-dilutive stock options:
Weighted-average shares		66		-
Weighted-average exercise price	$	142.08	$	-