v3.25.4

Net Income (Loss) Per Share | 9 Months Ended
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Jan. 02, 2026
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Net Income (Loss) Per Share Basic income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per share also includes the incremental effect of dilutive potentially issuable common shares outstanding. Dilutive potentially issuable common shares include the dilutive effect of employee equity awards. The 12 million CVRs are excluded from the diluted net income per share calculation as the contingent conditions for issuance of common shares have not yet been met within the period. The components of basic and diluted net income (loss) per share are as follows:
| Three Months Ended |  | Nine Months Ended
(In millions, except per share amounts) | January 2, 2026 |  | December 27, 2024 |  | January 2, 2026 |  | December 27, 2024
Net income (loss) | $ | 192 |  |  | $ | 159 |  |  | $ | 461 |  |  | $ | 501 |
Net income (loss) per share - basic | $ | 0.31 |  |  | $ | 0.26 |  |  | $ | 0.75 |  |  | $ | 0.81 |
Net income (loss) per share - diluted | $ | 0.31 |  |  | $ | 0.26 |  |  | $ | 0.74 |  |  | $ | 0.80 |
Weighted-average shares outstanding - basic | 611 |  |  | 616 |  |  | 615 |  |  | 618 |
Dilutive potentially issuable shares: |  |  |  |  |  |  |
Employee equity awards | 7 |  |  | 7 |  |  | 7 |  |  | 6 |
Weighted-average shares outstanding - diluted | 618 |  |  | 623 |  |  | 622 |  |  | 624 |
Anti-dilutive shares excluded from diluted net income per share calculation: |  |  |  |  |  |  |
Employee equity awards | 6 |  |  | — |  |  | 6 |  |  | — |

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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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