Earnings Per Share

3 Months Ended

Mar. 27, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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

	Three Months Ended
	March 27, 2021		March 28, 2020
	(In millions, except per share amounts)
Numerator
Net income for basic earnings per share	$	555	$	162
Effect of potentially dilutive shares:
Interest expense related to the 2.125% Notes	—		4
Net income for diluted earnings per share	$	555	$	166
Denominator
Basic weighted average shares	1,213		1,170
Effect of potentially dilutive shares:
Employee equity plans and warrants	18		23
2.125% Notes	—		31
Diluted weighted average shares	1,231		1,224
Earnings per share:
Basic	$	0.46	$	0.14
Diluted	$	0.45	$	0.14