The reconciliation of the numerator and denominator used for the computation of basic and diluted earnings (loss) per common share follows:


	Three Months Ended
(in millions, except per share data)	April 4, 2026		March 29, 2025
Numerator for basic and diluted earnings (loss) per common share:


Net income	$	38	$	6
Less: preferred stock dividends	9		9
Less: undistributed income allocated to preferred stockholders	3		—
Net income (loss) available to common stockholders	$	26	$	(3)

Denominator for basic and diluted earnings (loss) per common share:
Weighted average basic number of common shares outstanding	151		148
Plus: dilutive effect of common stock equivalents	4		—
Weighted average diluted number of common shares outstanding	155		148


Earnings (loss) per common share:


Basic	$	0.17	$	(0.02)




Diluted	$	0.17	$	(0.02)