Earnings Per Share and Equity - (Tables)

3 Months Ended

Apr. 01, 2022

Earnings Per Share [Abstract]

Summary of Earnings Per Share

Net income per share of common stock for calculating basic and diluted earnings per share is calculated as follows (in millions, except per share data):

	Quarters Ended
	April 1, 2022		April 2, 2021
Net income for basic earnings per share of common stock	$	530.2	$	89.9
Add: Interest on 1.625% Notes	0.5		—
Net income for diluted earnings per share of common stock	$	530.7	$	89.9
Basic weighted-average shares of common stock outstanding	433.3		413.4
Dilutive effect of share-based awards	2.4		2.7
Dilutive effect of convertible notes and warrants	13.2		29.3
Diluted weighted-average shares of common stock outstanding	448.9		445.4
Net income per share of common stock:
Basic	$	1.22	$	0.22
Diluted	$	1.18	$	0.20