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LOSS PER SHARE (Tables)
 6 Months Ended
Jun. 27, 2020
Earnings Per Share [Abstract]  
Calculation of Loss Per Common Share

The following table represents the calculation of loss per common share – basic and diluted:

 

 

 

Second Quarter

 

 

First Half

 

(In millions, except per share amounts)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Basic Loss Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(439

)

 

$

(24

)

 

$

(394

)

 

$

(16

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

53

 

 

 

55

 

 

 

53

 

 

 

54

 

Basic loss per share

 

$

(8.34

)

 

$

(0.43

)

 

$

(7.46

)

 

$

(0.29

)

Diluted Loss Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(439

)

 

$

(24

)

 

$

(394

)

 

$

(16

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

53

 

 

 

55

 

 

 

53

 

 

 

54

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock

 

 

1

 

 

 

—

 

 

 

1

 

 

 

1

 

Diluted weighted-average shares outstanding

 

 

54

 

 

 

55

 

 

 

54

 

 

 

55

 

Diluted loss per share

 

$

(8.19

)

 

$

(0.43

)

 

$

(7.31

)

 

$

(0.28

)