Earnings Per Share (Tables)

9 Months Ended

Sep. 26, 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				Nine Months Ended
	September 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
	(In millions, except per share amounts)
Numerator
Net income for basic earnings per share	$	390	$	120	$	709	$	171
Effect of potentially dilutive shares:
Interest expense related to the 2.125% Notes	1		—		4		—
Net income for diluted earnings per share	$	391	$	120	$	713	$	171
Denominator
Basic weighted average shares	1,184		1,097		1,176		1,075
Effect of potentially dilutive shares:
Employee equity plans and warrants	20		20		21		32
2.125% Notes	11		—		11		—
Diluted weighted average shares	1,215		1,117		1,208		1,107
Earnings per share:
Basic	$	0.33	$	0.11	$	0.60	$	0.16
Diluted	$	0.32	$	0.11	$	0.59	$	0.15