Earnings Per Share

3 Months Ended

Apr. 01, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Earnings (Loss) Per Share

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

	Three Months Ended
	April 1, 2023		March 26, 2022
	(In millions, except per share amounts)
Numerator
Net income (loss) for basic earnings per share	$	(139)	$	786
Denominator
Basic weighted average shares	1,611		1,393
Potentially dilutive shares from employee equity plans and warrants	—		17
Diluted weighted average shares	1,611		1,410
Earnings (loss) per share:
Basic	$	(0.09)	$	0.56
Diluted	$	(0.09)	$	0.56

Securities which would have been anti-dilutive are insignificant and are excluded from the computation of diluted earnings per share in all periods presented.