Earnings per share

6 Months Ended

Jun. 28, 2026

Earnings Per Share [Abstract]

Earnings per share

Earnings per share

The following is a reconciliation of basic net earnings per share to diluted net earnings per share:


						Fiscal Second Quarter Ended												Fiscal Six Months Ended
(Shares in Millions)						June 28, 2026						June 29, 2025						June 28, 2026						June 29, 2025
Basic net earnings per share						$2.30						2.30						4.47						6.87
Average shares outstanding — basic						2,407.4						2,406.3						2,408.1						2,406.7
Potential shares exercisable under stock option plans						92.9						64.6						96.7						67.0
Less: shares which could be repurchased under treasury stock method						(60.2)						(51.8)						(60.9)						(50.4)
Average shares outstanding — diluted						2,440.1						2,419.1						2,443.9						2,423.3
Diluted net earnings per share						$2.27						2.29						4.41						6.82

(Shares in Millions)
The diluted net earnings per share calculation excluded the following number of shares related to stock options, as the exercise price of these options was greater than the average market value of the Company’s stock.						6.8						66.3						5.1						63.3