v3.26.1
EARNINGS PER COMMON SHARE
3 Months Ended
Mar. 28, 2026
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
7. EARNINGS PER COMMON SHARE
Basic earnings per common share (“EPS”) is calculated based on the weighted average number of shares of common stock outstanding during the applicable period. Diluted EPS is calculated based on the weighted average number of shares of common stock outstanding plus potentially dilutive shares of common stock outstanding during the applicable period. The following table presents a reconciliation of the share amounts used in the computation of basic and diluted EPS:
 Three months ended
(In millions)March 28, 2026March 29, 2025
Basic—weighted average common shares outstanding152.3151.4
Weighted average common shares assumed upon exercise of stock options and vesting of restricted common stock0.90.6
Diluted—weighted average common shares and common shares equivalent outstanding153.2152.0
The Company excluded the following shares underlying stock-based awards from the calculations of diluted EPS because their inclusion would have been anti-dilutive for the three months ended March 28, 2026 and March 29, 2025:
 Three months ended
(In millions)March 28, 2026March 29, 2025
Shares excluded from calculations of diluted EPS0.3 0.6