EARNINGS PER SHARE AVAILABLE TO COMMON SHAREHOLDERS (“EPS”) (Tables)

6 Months Ended

Jul. 03, 2026

Basic and diluted EPS are calculated as follows:


	Second Quarter				Year to Date
(In millions, except per share amount)	2026		2025		2026		2025

Net income	$	600	$	458	$	1,112	$	844
Subsidiary preferred stock deemed dividend	(14)		—		(14)		—
Net income available to common shareholders	$	586	$	458	$	1,098	$	844

Basic weighted-average common shares outstanding	186.2		187.0		186.5		187.7
Impact of dilutive share-based awards	1.1		0.8		1.2		0.8
Diluted weighted-average common shares outstanding	187.3		187.8		187.7		188.5

Earnings per share available to common shareholders
Basic	$	3.15	$	2.45	$	5.89	$	4.50
Diluted	$	3.13	$	2.44	$	5.85	$	4.48