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EARNINGS (LOSS) PER SHARE
 12 Months Ended
Dec. 28, 2024
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)

 

2024

 

 

2023

 

 

2022

 

Basic Earnings (Loss) Per Share

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

106

 

 

$

247

 

 

$

226

 

Loss from discontinued operations, net of tax

 

 

(109

)

 

 

(108

)

 

 

(60

)

Net income (loss)

 

$

(3

)

 

$

139

 

 

$

166

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

34

 

 

 

39

 

 

 

48

 

Basic earnings (loss) per share:

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

3.14

 

 

$

6.43

 

 

$

4.74

 

Discontinued operations

 

 

(3.22

)

 

 

(2.82

)

 

 

(1.26

)

Net basic earnings (loss) per share

 

$

(0.08

)

 

$

3.61

 

 

$

3.48

 

Diluted Earnings (Loss) Per Share

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

106

 

 

$

247

 

 

$

226

 

Loss from discontinued operations, net of tax

 

 

(109

)

 

 

(108

)

 

 

(60

)

Net income (loss)

 

$

(3

)

 

$

139

 

 

$

166

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

34

 

 

 

39

 

 

 

48

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options and restricted stock

 

 

1

 

 

 

1

 

 

 

1

 

Diluted weighted-average shares outstanding

 

 

35

 

 

 

40

 

 

 

49

 

Diluted earnings (loss) per share

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

3.08

 

 

$

6.22

 

 

$

4.59

 

Discontinued operations

 

 

(3.16

)

 

 

(2.72

)

 

 

(1.22

)

Net diluted earnings (loss) per share

 

$

(0.08

)

 

$

3.50

 

 

$

3.37

 

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 28, 2024, December 30, 2023, and December 31, 2022, but were not included in the computation of diluted weighted-average shares outstanding because their effect would have been antidilutive.