Basic and Diluted Net Loss Per Share

9 Months Ended

Jun. 27, 2026

Basic and Diluted Net Loss Per Share [Abstract]

10. Basic and Diluted Net Loss Per Share

Basic net income or earnings per share ("EPS") is calculated by dividing the net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for common stock equivalents.

The following tables provide a reconciliation of the numerator and denominator of the basic and diluted EPS calculations:


	Quarterly Period Ended						Three Quarterly Periods Ended
(in millions)		June 27, 2026			June 28, 2025			June 27, 2026			June 28, 2025
Numerator
Consolidated net loss	$	(20	)	$	(18	)	$	(72	)	$	(119	)
Denominator
Weighted average common shares outstanding - basic and dilutive		35.9			35.6			35.8			35.5

Net loss per share:
Basic and diluted	$	(0.56	)	$	(0.51	)	$	(2.01	)	$	(3.35	)

Shares excluded from the current period calculation, as the effect of their conversion into shares of our common stock would be antidilutive were 2.1 million.