Earnings Per Share

6 Months Ended

Jun. 25, 2022

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				Six Months Ended
	June 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
	(In millions, except per share amounts)
Numerator
Net income for basic earnings per share	$	447	$	710	$	1,233	$	1,265
Denominator
Basic weighted average shares	1,618		1,216		1,506		1,214
Potentially dilutive shares from employee equity plans and warrants	14		16		15		17
Diluted weighted average shares	1,632		1,232		1,521		1,231
Earnings per share:
Basic	$	0.28	$	0.58	$	0.82	$	1.04
Diluted	$	0.27	$	0.58	$	0.81	$	1.03