Basic net earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average number of diluted common shares outstanding. Diluted common shares outstanding is computed using the Treasury Stock method and, in periods of income, reflects the additional shares that would be outstanding if dilutive share-based compensation awards were converted into common shares during the period.


	Three Months Ended				Six Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Basic:
Net income	$	112	$	113	$	248	$	228
Weighted-average shares outstanding	50,939,474		51,489,735		51,154,241		51,444,179
Basic earnings per share	$	2.20	$	2.19	$	4.85	$	4.43

Diluted:
Net income	$	112	$	113	$	248	$	228
Weighted-average shares outstanding	50,939,474		51,489,735		51,154,241		51,444,179
Dilutive shares	342,799		340,510		392,169		371,720
Diluted weighted-average shares outstanding	51,282,273		51,830,245		51,546,410		51,815,899
Diluted earnings per share	$	2.19	$	2.17	$	4.81	$	4.40

Anti-dilutive share-based compensation awards are excluded from diluted earnings per share calculations. There were 199,500 and 126,172 shares that were anti-dilutive for the three and six months ended June 28, 2025, respectively. There were 164,004 and 91,050 shares that were anti-dilutive for the three and six months ended June 29, 2024, respectively.