v3.26.3
Net Earnings Per Common Share
 9 Months Ended
Sep. 25, 2026
Earnings Per Share [Abstract]  
Net Earnings Per Common Share From Continuing Operations NET EARNINGS PER COMMON SHARE FROM CONTINUING OPERATIONS
Basic net earnings per common share from continuing operations (“EPS”) is calculated by taking net earnings from continuing operations divided by the weighted average number of common shares outstanding for the applicable period. Diluted net EPS from continuing operations is computed by taking net earnings from continuing operations increased by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued and reduced by the number of shares the Company could have repurchased with the proceeds from the issuance of the potentially dilutive shares. For the three-month periods ended September 25, 2026 and September 26, 2025, approximately 7.3 million and 6.9 million options to purchase shares, respectively, and for the nine-month periods ended September 25, 2026 and September 26, 2025, approximately 7.1 million and 6.8 million options to purchase shares, respectively, were excluded from the diluted EPS calculation, as the impact of their inclusion would have been anti-dilutive. Basic and diluted EPS are computed independently for each quarter and year-to-date period, and each period involves the use of different weighted average share count figures. As a result, and after factoring in the effect of rounding to the nearest cent per share, the sum of prior quarterly EPS figures may not equal year-to-date EPS.
Information related to the calculation of net earnings per common share from continuing operations is summarized as follows ($ and shares in millions, except per share amounts):
Three-Month Period EndedNine-Month Period Ended
September 25, 2026September 26, 2025September 25, 2026September 26, 2025
Numerator:
Net earnings from continuing operations
$1,207 $908 $3,106 $2,417 
Denominator:
Weighted average common shares outstanding used in Basic EPS703.8 710.7 705.7 714.5 
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive restricted stock units (“RSUs”) and performance stock units (“PSUs”)3.0 3.0 2.8 3.4 
Weighted average common shares outstanding used in Diluted EPS706.8 713.7 708.5 717.9 
Basic EPS from continuing operations
$1.71 $1.28 $4.40 $3.38 
Diluted EPS from continuing operations
$1.71 $1.27 $4.38 $3.37