v3.25.4
Net Income (Loss) Per Share
 9 Months Ended
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 EndedNine Months Ended
(In millions, except per share amounts)
January 2, 2026December 27, 2024January 2, 2026December 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 - basic611 616 615 618 
Dilutive potentially issuable shares:
Employee equity awards7 7 7 6 
Weighted-average shares outstanding - diluted618 623 622 624 
Anti-dilutive shares excluded from diluted net income per share calculation:
Employee equity awards6 — 6 —