Earnings Per Share

3 Months Ended

Sep. 27, 2024

(Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share attributable to the shareholders of the Company:


	For the Three Months Ended
(In millions, except per share data)	September 27, 2024		September 29, 2023
Numerator:
Net income (loss)	$	305	$	(184)
Number of shares used in per share calculations:
Total shares for purposes of calculating basic net income (loss) per share	211		208
Weighted-average effect of dilutive securities:
Employee equity award plans	2		—
2028 Notes if-converted shares	3		—
Total shares for purposes of calculating diluted net income (loss) per share	216		208
Net income (loss) per share
Basic	$	1.45	$	(0.88)
Diluted	1.41		(0.88)

All potentially dilutive securities that could have an anti-dilutive effect on the calculation of the earnings per share have been excluded for the periods presented. The weighted average anti-dilutive shares that were excluded from the computation of diluted net income (loss) per share were not material for the three months ended September 27, 2024 and 6 million for the three months ended September 29, 2023