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Earnings Per Share (Tables) | 9 Months Ended
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Oct. 04, 2025
Earnings Per Share [Abstract] |
Computations of Basic and Diluted Net Earnings Per Share | The computations of basic and diluted net earnings per share for the third quarter and first nine months of 2025 and 2024 are as follows (in millions, except per share amounts):
|  | Three Months (13 Weeks) Ended |  |  | Nine Months (39 Weeks) Ended |
|  | October 4, 2025 |  |  | September 28, 2024 |  |  | October 4, 2025 |  |  | September 28, 2024 |
Basic net earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic net earnings |  | $ | 607 |  |  | $ | 250 |  |  | $ | 1,366 |  |  | $ | 1,740 |
Earnings allocated to participating securities |  |  | (2 | ) |  |  | (1 | ) |  |  | (5 | ) |  |  | (8 | )
Net earnings available to common stockholders |  | $ | 605 |  |  | $ | 249 |  |  | $ | 1,361 |  |  | $ | 1,732 |
Basic average shares outstanding |  |  | 229.9 |  |  |  | 236.5 |  |  |  | 231.1 |  |  |  | 239.7 |
Basic net earnings per share |  | $ | 2.63 |  |  | $ | 1.05 |  |  | $ | 5.89 |  |  | $ | 7.23 |
Diluted net earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Diluted net earnings |  | $ | 607 |  |  | $ | 250 |  |  | $ | 1,366 |  |  | $ | 1,740 |
Earnings allocated to participating securities |  |  | (2 | ) |  |  | (1 | ) |  |  | (6 | ) |  |  | (8 | )
Net earnings available to common stockholders |  | $ | 605 |  |  | $ | 249 |  |  | $ | 1,360 |  |  | $ | 1,732 |
Diluted average shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Basic average shares outstanding |  |  | 229.9 |  |  |  | 236.5 |  |  |  | 231.1 |  |  |  | 239.7 |
Dilutive effect of stock options and other |  |  | 0.3 |  |  |  | 0.3 |  |  |  | 0.3 |  |  |  | 0.1 |
|  |  | 230.2 |  |  |  | 236.8 |  |  |  | 231.4 |  |  |  | 239.8 |
Diluted net earnings per share |  | $ | 2.63 |  |  | $ | 1.05 |  |  | $ | 5.88 |  |  | $ | 7.22 |
Anti-dilutive Stock Options | The following stock options were excluded from the computation of diluted net earnings per share for the third quarter and first nine months of 2025 and 2024 because their effect would have been anti-dilutive (shares in thousands):
|  | Three Months (13 Weeks) Ended |  |  | Nine Months (39 Weeks) Ended |
|  | October 4, 2025 |  |  | September 28, 2024 |  |  | October 4, 2025 |  |  | September 28, 2024 |
Anti-dilutive stock options: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares |  |  | 23 |  |  |  | 70 |  |  |  | 147 |  |  |  | 23 |
Weighted-average exercise price |  | $ | 168.85 |  |  | $ | 168.85 |  |  | $ | 145.26 |  |  | $ | 168.85 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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