Earnings Per Share

3 Months Ended

Mar. 30, 2024

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 30, 2024		April 1, 2023
	(In millions, except per share amounts)
Numerator
Net income (loss) for basic earnings per share	$	123	$	(139)
Denominator
Basic weighted average shares	1,617		1,611
Potentially dilutive shares from employee equity plans	22		—
Diluted weighted average shares	1,639		1,611
Earnings (loss) per share:
Basic	$	0.08	$	(0.09)
Diluted	$	0.07	$	(0.09)

Securities which would have been anti-dilutive are not material and are excluded from the computation of diluted earnings per share for all periods presented.