Earnings Per Share Attributable to Common Stockholders

6 Months Ended

May 28, 2023

EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

(LOSS) EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

The following table sets forth the computation of the Company's basic and diluted (loss) earnings per share:


	Three Months Ended					Six Months Ended
	May 28, 2023			May 29, 2022		May 28, 2023		May 29, 2022

	(Dollars in millions, except per share amounts)
Numerator:
Net (loss) income	$	(1.6)		$	49.7	$	113.1	$	245.6
Denominator:
Weighted-average common shares outstanding - basic	397,455,261			397,882,576		396,671,862		398,650,665
Dilutive effect of stock awards	—			5,899,840		4,469,804		7,201,686
Weighted-average common shares outstanding - diluted	397,455,261			403,782,416		401,141,666		405,852,351
(Loss) earnings per common share attributable to common stockholders:
Basic	$(0.00		)	$0.13		$0.29		$0.62
Diluted	$(0.00		)	$0.12		$0.28		$0.61
Anti-dilutive securities excluded from calculation of diluted (loss) earnings per share attributable to common stockholders	—			3,599,395		5,464,945		1,673,530

Diluted loss per common share for the three months ended May 28, 2023 excluded all potentially dilutive securities because there was a net loss for the period and, as such, the inclusion of these securities would have been anti-dilutive. Potentially dilutive securities excluded from the calculation of diluted loss per common share were 16.1 million shares for the three months ended May 28, 2023.