Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 28, 2019

Accounting Policies [Abstract]

Property, Plant and Equipment

Depreciation is recorded on a straight-line basis over the following estimated useful lives of the assets:

	Years
Building and improvements	10 - 40
Molds	4 - 10
Production equipment	10
Distribution equipment	5 - 10
Computer/telecom equipment	3 - 5
Capitalized software	3 - 5

Schedule of Weighted Average Estimated Useful Lives of Intangible Assets

The weighted average estimated useful lives of the Company's intangible assets were as follows:

	Weighted Average Estimated Useful Life
Indefinite-lived tradenames	Indefinite
Definite-lived tradename	10 years

Schedule of Earnings Per Share

The elements of the earnings per share computations were as follows:

(In millions, except per share amounts)	2019		2018		2017
Net income (loss)	$	12.4	$	155.9	$	(265.4	)
Weighted average shares of common stock outstanding	48.8		49.9		50.8
Common equivalent shares:
Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units	0.2		0.3		—
Weighted average common and common equivalent shares outstanding	49.0		50.2		50.8
Basic earnings (loss) per share	$	0.26	$	3.12	$	(5.22	)
Diluted earnings (loss) per share	$	0.25	$	3.11	$	(5.22	)
Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive	3.9		3.0		3.1