v3.26.3
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 26, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the calculation of basic and diluted earnings per share of Class A common stock:

(in millions, except number of shares and per share amounts)Three months endedNine months ended
September 26, 2026September 26, 2026
Basic earnings per share:
Numerator
Net income$318 $696 
Less: Net income attributable to noncontrolling interests123 312 
Net income attributable to Medline Inc.195 384 
Reallocation of net income attributed to vested incentive units3 7 
Numerator for earnings per share198 391 
Denominator
Weighted-average number of Class A common stock outstanding876,467,488 851,211,179 
Basic earnings per share$0.23 $0.46 
Diluted earnings per share:
Numerator
Numerator for earnings per share (Basic)$198 $391 
Effect of dilutive stock compensation awards(2)(2)
Effect of conversion of Class B common stock to Class A common stock92 209 
Numerator for earnings per share (Diluted)288 598 
Denominator
Weighted-average number of Class A common stock outstanding (Basic)876,467,488 851,211,179 
Weighted-average effect of dilutive securities:
Effect of dilutive stock compensation awards2,962,759 4,263,402 
Effect of conversion of Class B common stock to Class A common stock436,975,667 461,290,893 
Weighted-average number of Class A common stock outstanding (Diluted)1,316,405,914 1,316,765,474 
Diluted earnings per share$0.22 $0.45 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table presents outstanding shares of potentially dilutive securities excluded from the calculation of diluted earnings per share because including them would have had an anti-dilutive effect, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied at the end of the respective period:

Three months endedNine months ended
September 26, 2026September 26, 2026
PSUs1,142,702 1,142,702 
RSUs1,081,432 — 
Total anti-dilutive securities2,224,134 1,142,702