XML 27 R16.htm IDEA: XBRL DOCUMENT v3.24.0.1
EARNINGS (LOSS) PER SHARE
 12 Months Ended
Dec. 30, 2023
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE

NOTE 6. EARNINGS (LOSS) PER SHARE

The following table presents the calculation of net earnings (loss) per common share — basic and diluted:

 

(In millions, except per share amounts)

 

2023

 

 

2022

 

 

2021

 

Basic Earnings (Loss) Per Share

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

139

 

 

$

178

 

 

$

187

 

Loss from discontinued operations, net of tax

 

 

—

 

 

 

(12

)

 

 

(395

)

Net income (loss)

 

$

139

 

 

$

166

 

 

$

(208

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

39

 

 

 

48

 

 

 

53

 

Basic earnings (loss) per share:

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

3.61

 

 

$

3.73

 

 

$

3.54

 

Discontinued operations

 

 

—

 

 

 

(0.25

)

 

 

(7.47

)

Net basic earnings (loss) per share

 

$

3.61

 

 

$

3.48

 

 

$

(3.93

)

Diluted Earnings (Loss) Per Share

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

139

 

 

$

178

 

 

$

187

 

Loss from discontinued operations, net of tax

 

 

—

 

 

 

(12

)

 

 

(395

)

Net income (loss)

 

$

139

 

 

$

166

 

 

$

(208

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

39

 

 

 

48

 

 

 

53

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options and restricted stock

 

 

1

 

 

 

1

 

 

 

2

 

Diluted weighted-average shares outstanding

 

 

40

 

 

 

49

 

 

 

55

 

Diluted earnings (loss) per share

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

3.50

 

 

$

3.61

 

 

$

3.42

 

Discontinued operations

 

 

—

 

 

 

(0.24

)

 

 

(7.21

)

Net diluted earnings (loss) per share

 

$

3.50

 

 

$

3.37

 

 

$

(3.79

)

Awards of stock options and nonvested shares representing additional shares of outstanding common stock were less than one million for each of the fiscal years ended December 30, 2023, December 31, 2022 and December 25, 2021, but were not included in the computation of diluted weighted-average shares outstanding because their effect would have been antidilutive.