XML 193 R20.htm IDEA: XBRL DOCUMENT
v3.20.2

Earnings Per Share | 9 Months Ended
--- | ---
Sep. 26, 2020
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic net earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average number of shares assuming dilution. Dilutive common shares outstanding is computed using the Treasury Stock method and, in periods of income, reflects the additional shares that would be outstanding if dilutive stock options were exercised for common shares during the period. Earnings per share (in millions, except share data):
|  | Three Months Ended |  | Nine Months Ended
|  | September 26, 2020 |  | September 28, 2019 |  | September 26, 2020 |  | September 28, 2019
Basic: |  |  |  |  |  |  |  |
Net income |  | $ | 116 |  |  | $ | 136 |  |  | $ | 305 |  |  | $ | 375 |
Weighted-average shares outstanding |  | 53,300,036 |  |  | 54,085,500 |  |  | 53,460,891 |  |  | 53,999,044 |
Basic earnings per share |  | $ | 2.18 |  |  | $ | 2.52 |  |  | $ | 5.70 |  |  | $ | 6.95 |
Diluted: |  |  |  |  |  |  |  |
Net income |  | $ | 116 |  |  | $ | 136 |  |  | $ | 305 |  |  | $ | 375 |
Weighted-average shares outstanding |  | 53,300,036 |  |  | 54,085,500 |  |  | 53,460,891 |  |  | 53,999,044 |
Dilutive shares |  | 416,270 |  |  | 552,323 |  |  | 486,895 |  |  | 611,047 |
Diluted weighted-average shares outstanding |  | 53,716,306 |  |  | 54,637,823 |  |  | 53,947,786 |  |  | 54,610,091 |
Diluted earnings per share |  | $ | 2.16 |  |  | $ | 2.50 |  |  | $ | 5.65 |  |  | $ | 6.87 |
Anti-dilutive options to purchase common shares are excluded from diluted earnings per share calculations. There were 74,588 and 92,014 shares that were anti-dilutive for the three months ended September 26, 2020 and September 28, 2019, respectively. There were 105,219 and 53,356 shares that were anti-dilutive for the nine months ended September 26, 2020 and September 28, 2019, respectively.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration