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Earnings Per Share | 3 Months Ended
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Mar. 29, 2025
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 diluted common shares outstanding. Diluted 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 share-based compensation awards were converted into common shares during the period. Earnings per share (in millions, except share data):
| Three Months Ended |  |
| March 29, 2025 |  | March 30, 2024 |  |  |  |
Basic: |  |  |  |  |  |  |
Net income | $ | 136 |  |  | $ | 115 |  |  |  |  |
Weighted-average shares outstanding | 51,365,011 |  |  | 51,387,570 |  |  |  |  |
Basic earnings per share | $ | 2.64 |  |  | $ | 2.24 |  |  |  |  |
Diluted: |  |  |  |  |  |  |
Net income | $ | 136 |  |  | $ | 115 |  |  |  |  |
Weighted-average shares outstanding | 51,365,011 |  |  | 51,387,570 |  |  |  |  |
Dilutive shares | 441,539 |  |  | 402,931 |  |  |  |  |
Diluted weighted-average shares outstanding | 51,806,550 |  |  | 51,790,501 |  |  |  |  |
Diluted earnings per share | $ | 2.62 |  |  | $ | 2.23 |  |  |  |  |
Anti-dilutive share-based compensation awards are excluded from diluted earnings per share calculations. There were 52,843 and 18,095 shares that were anti-dilutive for the three months ended March 29, 2025 and March 30, 2024, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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