Earnings Per Share (Tables)

6 Months Ended

Jun. 27, 2020

Earnings Per Share [Abstract]

Components of Basic and Diluted Earnings (Loss) Per Share

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

	Three Months Ended				Six Months Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
	(In millions, except per share amounts)
Numerator
Net income for basic earnings per share	$	157	$	35	$	319	$	51
Effect of potentially dilutive shares:
Interest expense related to the 2.125% Notes	3		—		7		—
Net income for diluted earnings per share	$	160	$	35	$	326	$	51
Denominator
Basic weighted average shares	1,174		1,084		1,172		1,064
Effect of potentially dilutive shares:
Employee equity plans and warrants	22		25		22		38
2.125% Notes	31		—		31		—
Diluted weighted average shares	1,227		1,109		1,225		1,102
Earnings per share:
Basic	$	0.13	$	0.03	$	0.27	$	0.05
Diluted	$	0.13	$	0.03	$	0.27	$	0.05