v3.26.1
Earnings Per Share (Tables)
3 Months Ended
Apr. 04, 2026
Earnings Per Share [Abstract]  
Computations of Basic and Diluted Net Earnings Per Share

The computations of basic and diluted net earnings per share for the first quarter of 2026 and 2025 are as follows (in millions, except per share data):
 

 

 

Three Months (13 Weeks) Ended

 

 

 

April 4, 2026

 

 

April 5, 2025

 

Basic net earnings per share:

 

 

 

 

 

 

Basic net earnings

 

$

743

 

 

$

156

 

Earnings allocated to participating securities

 

 

(3

)

 

 

-

 

Net earnings available to common stockholders

 

$

740

 

 

$

156

 

Basic average shares outstanding

 

 

228.9

 

 

 

232.7

 

Basic net earnings per share

 

$

3.23

 

 

$

0.67

 

Diluted net earnings per share:

 

 

 

 

 

 

Diluted net earnings

 

$

743

 

 

$

156

 

Earnings allocated to participating securities

 

 

(3

)

 

 

-

 

Net earnings available to common stockholders

 

$

740

 

 

$

156

 

Diluted average shares outstanding:

 

 

 

 

 

 

Basic average shares outstanding

 

 

228.9

 

 

 

232.7

 

Dilutive effect of stock options and other

 

 

0.4

 

 

 

0.2

 

 

 

229.3

 

 

 

232.9

 

Diluted net earnings per share

 

$

3.23

 

 

$

0.67

 

 

Anti-dilutive Stock Options

The following stock options were excluded from the computation of diluted net earnings per share for the first quarter of 2026 and 2025 because their effect would have been anti-dilutive (shares in thousands):

 

 

 

Three Months (13 Weeks) Ended

 

 

 

April 4, 2026

 

 

April 5, 2025

 

Anti-dilutive stock options:

 

 

 

 

 

 

Weighted-average shares

 

 

-

 

 

 

66

 

Weighted-average exercise price

 

$

-

 

 

$

142.08