v3.26.3
Net Income Per Share
 9 Months Ended
Sep. 27, 2026
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The Company had 1,941,266,410 shares of common stock issued and 1,920,879,688 shares of common stock outstanding as of September 27, 2026.

Diluted net income per share is computed by giving effect to all potentially dilutive equity instruments or equity awards that are outstanding during the period. The following table summarizes the shares held by the Company that were determined to be anti-dilutive under the treasury stock method and therefore excluded from the diluted net income per share calculation during the fiscal three and nine months ended September 27, 2026 and September 28, 2025:

Fiscal Three Months EndedFiscal Nine Months Ended
(Shares in Millions)
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
Anti-dilutive shares(1)
56 50 58 46 
(1) For each of the fiscal three and nine months ended September 27, 2026 and September 28, 2025, the majority of anti-dilutive shares related to stock options.
Net income per share for the fiscal three and nine months ended September 27, 2026 and September 28, 2025 was calculated as follows:

Fiscal Three Months EndedFiscal Nine Months Ended
(In Millions, Except Per Share Data)
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
Net income$430 $398 $1,360 $1,140 
Basic weighted-average number of shares outstanding1,921 1,918 1,919 1,917 
Dilutive effects of stock-based awards
5 5 4 8 
Diluted weighted-average number of shares outstanding1,926 1,923 1,923 1,925 
Net income per share:
Basic$0.22 $0.21 $0.71 $0.59 
Diluted$0.22 $0.21 $0.71 $0.59