Item 8. Financial Statements and Supplementary Data
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Item 8. Financial Statements and Supplementary Data
Annual financial statements
The Consolidated Financial Statements and related disclosures included in Part IV, Item 15 of this annual report are incorporated by reference into this Item 8.
Selected quarterly financial data
| Fiscal 2015 | Fiscal 2014 | ||||||||||||||||||||||||||||||
| Apr. 3, 2015 | Jan. 2, 2015 | Oct. 3, 2014 | Jul. 4, 2014 | Mar. 28, 2014 | Dec. 27, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | ||||||||||||||||||||||||
| (In millions, except per share data) | |||||||||||||||||||||||||||||||
| Net revenue | $ | 1,518 | $ | 1,638 | $ | 1,617 | $ | 1,735 | $ | 1,625 | $ | 1,705 | $ | 1,637 | $ | 1,709 | |||||||||||||||
| Gross profit | 1,231 | 1,359 | 1,339 | 1,426 | 1,343 | 1,422 | 1,353 | 1,409 | |||||||||||||||||||||||
| Operating income | 152 | 327 | 348 | 322 | 306 | 405 | 248 | 224 | |||||||||||||||||||||||
| Net income | 176 | 222 | 244 | 236 | 217 | 283 | 241 | 157 | |||||||||||||||||||||||
| Net income per share — basic | 0.26 | 0.32 | 0.35 | 0.34 | 0.31 | 0.41 | 0.34 | 0.23 | |||||||||||||||||||||||
| Net income per share — diluted | 0.25 | 0.32 | 0.35 | 0.34 | 0.31 | 0.40 | 0.34 | 0.22 |
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