Earnings Per Share (Tables)

12 Months Ended

Dec. 25, 2021

Earnings Per Share [Abstract]

Components of basic and diluted income (loss) per share

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

	December 25, 2021		December 26, 2020		December 28, 2019
	(In millions, except per share amounts)
Numerator
Net income for basic earnings per share	$	3,162	$	2,490	$	341
Effect of potentially dilutive shares:
Interest expense related to the 2.125% Notes	—		1		—
Net income for diluted earnings per share	$	3,162	$	2,491	$	341
Denominator
Basic weighted-average shares	1,213		1,184		1,091
Effect of potentially dilutive shares:
Employee equity plans and warrants	16		20		29
2.125% Notes	—		3		—
Diluted weighted-average shares	1,229		1,207		1,120
Earnings per share:
Basic	$	2.61	$	2.10	$	0.31
Diluted	$	2.57	$	2.06	$	0.30