Earnings Per Share (Tables)

12 Months Ended

Dec. 26, 2020

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:

	2020		2019		2018
	(In millions, except per share amounts)
Numerator
Net income for basic earnings per share	$	2,490	$	341	$	337
Effect of potentially dilutive shares:
Interest expense related to the 2.125% Notes	1		—		—
Net income for diluted earnings per share	$	2,491	$	341	$	337
Denominator
Basic weighted average shares	1,184		1,091		982
Effect of potentially dilutive shares:
Employee equity plans and warrants	20		29		82
2.125% Notes	3		—		—
Diluted weighted average shares	1,207		1,120		1,064
Earnings per share:
Basic	$	2.10	$	0.31	$	0.34
Diluted	$	2.06	$	0.30	$	0.32