Earnings Per Share Attributable to Common Stockholders

3 Months Ended

Feb. 25, 2024

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
	February 25, 2024		February 26, 2023

	(Dollars in millions, except per share amounts)
Numerator:
Net (loss) income	$	(10.6)	$	114.7
Denominator:
Weighted-average common shares outstanding - basic	398,941,172		395,956,182
Dilutive effect of stock awards	—		4,404,347
Weighted-average common shares outstanding - diluted	398,941,172		400,360,529
(Loss) earnings per common share attributable to common stockholders:
Basic	$	(0.03)	$	0.29
Diluted	$	(0.03)	$	0.29
Anti-dilutive securities excluded from calculation of diluted (loss) earnings per share attributable to common stockholders	—		5,507,675

Diluted net (loss) earnings per common share attributable to the Company for the three months ended February 25, 2024 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) earnings per common share were 15.9 million shares for the three months ended February 25, 2024.