Earnings Per Share (Tables)

6 Months Ended

Jul. 01, 2023

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 (loss) per share:

	Three Months Ended				Six Months Ended
	July 1, 2023		June 25, 2022		July 1, 2023		June 25, 2022
	(In millions, except per share amounts)
Numerator
Net income (loss) for basic earnings per share	$	27	$	447	$	(112)	$	1,233
Denominator
Basic weighted average shares	1,612		1,618		1,612		1,506
Potentially dilutive shares from employee equity plans and warrants	15		14		—		15
Diluted weighted average shares	1,627		1,632		1,612		1,521
Earnings (loss) per share:
Basic	$	0.02	$	0.28	$	(0.07)	$	0.82
Diluted	$	0.02	$	0.27	$	(0.07)	$	0.81