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Earnings Per Share
3 Months Ended
Apr. 03, 2026
Earnings Per Share [Abstract]  
Earnings Per Share
Note 7–Earnings Per Share
The following table provides a reconciliation of the weighted average number of shares outstanding used to compute basic and diluted EPS for the periods presented:
Three Months Ended
(in millions)April 3,
2026
April 4,
2025
Basic weighted average number of shares outstanding126130 
Dilutive common share equivalents—stock options and other stock awards
2
Diluted weighted average number of shares outstanding128131 
Anti-dilutive stock-based awards are excluded from the weighted average number of shares outstanding used to compute diluted EPS. The total outstanding stock options and vesting stock awards that were anti-dilutive were less than 0.5 million for both the three months ended April 3, 2026, and April 4, 2025.
During the three months ended April 3, 2026, we made open market repurchases of our common stock for an aggregate purchase price of $200 million. All repurchased shares were immediately retired. There were no open market repurchases during the three months ended April 4, 2025.