v3.26.3
EARNINGS PER SHARE
9 Months Ended
Sep. 27, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The computation of basic earnings per share (“EPS”) is based on the weighted-average shares of common stock outstanding during the period. Diluted EPS adjusts basic EPS for the dilutive effect of stock options and RSUs. The incremental shares from stock options and RSUs are computed using the treasury stock method. There were no adjustments to the numerator in the computations of earnings per share for the periods presented.
The following table provides the weighted-average shares used in the denominator for those computations.
Three Months EndedNine Months Ended
September 27,
2026
September 28,
2025
September 27,
2026
September 28,
2025
Basic weighted-average shares outstanding393,779,563 393,112,711 393,538,127 391,679,362 
Add: Dilutive effect of stock options and RSUs1,126,225 1,481,324 1,686,470 628,226 
Diluted weighted-average shares outstanding (1)
394,905,788 394,594,035 395,224,597 392,307,588 
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(1)Stock options and RSUs totaling 2,554,324 for the third quarter of 2026 and 1,801,413 and 6,819,292 for the first nine months of 2026 and 2025, respectively, were excluded from the computation of diluted weighted-average shares outstanding as their effect would have been anti-dilutive. No stock options or RSUs were excluded from the computation for the third quarter of 2025.