v3.26.1
Earnings Per Share
6 Months Ended
Jul. 03, 2026
Earnings Per Share [Abstract]  
Earnings Per Share
Note 8–Earnings Per Share
The following table provides a reconciliation of the weighted average number of shares outstanding used to compute basic and diluted EPS for the periods presented:
Three Months EndedSix Months Ended
(in millions)July 3,
2026
July 4,
2025
July 3,
2026
July 4,
2025
Basic weighted average number of shares outstanding126129126129 
Dilutive common share equivalents—stock options and other stock awards
11
Diluted weighted average number of shares outstanding126130127130 
Anti-dilutive stock-based awards are excluded from the weighted average number of shares outstanding used to compute diluted EPS. The total outstanding stock options and vesting stock awards that were anti-dilutive were less than 1.0 million for the three and six months ended July 3, 2026, and less than 0.5 million for the three and six months ended July 4, 2025.
During the three and six months ended July 3, 2026, we made open market repurchases of our common stock for an aggregate purchase price of $66 million and $266 million, respectively. All repurchased shares were immediately retired. There were no open market repurchases during the three and six months ended July 4, 2025.
In fiscal 2025, we entered into an accelerated share repurchase agreement with a financial institution to repurchase shares of our outstanding common stock. We paid $500 million to the financial institution and received 3.6 million shares.