| Computation of Basic and Diluted Earnings Per Share |
The following table shows the computation of basic and diluted earnings per share for the three- and nine-month periods ended June 28, 2025 and June 29, 2024 (net income in millions and shares in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | June 28,
2025 | | June 29,
2024 | | June 28,
2025 | | June 29,
2024 | | Numerator: | | | | | | | | | Net income | $ | 23,434 | | | $ | 21,448 | | | $ | 84,544 | | | $ | 79,000 | | | | | | | | | | | Denominator: | | | | | | | | | Weighted-average basic shares outstanding | 14,902,886 | | | 15,287,521 | | | 14,992,898 | | | 15,401,047 | | Effect of dilutive share-based awards | 45,293 | | | 60,654 | | | 58,828 | | | 62,128 | | | Weighted-average diluted shares | 14,948,179 | | | 15,348,175 | | | 15,051,726 | | | 15,463,175 | | | | | | | | | | | Basic earnings per share | $ | 1.57 | | | $ | 1.40 | | | $ | 5.64 | | | $ | 5.13 | | | Diluted earnings per share | $ | 1.57 | | | $ | 1.40 | | | $ | 5.62 | | | $ | 5.11 | |
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