Earnings Per Share and Equity - (Tables)

6 Months Ended

Jul. 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				Six Months Ended
	July 1, 2022		July 2, 2021		July 1, 2022		July 2, 2021
Net income for basic earnings per share of common stock	$	455.8	$	184.1	$	986.0	$	274.0
Add: Interest on 1.625% Notes	0.5		—		1.0		—
Net income for diluted earnings per share of common stock	$	456.3	$	184.1	$	987.0	$	274.0
Basic weighted-average shares of common stock outstanding	434.2		427.7		433.8		420.5
Dilutive effect of share-based awards	1.3		2.0		1.9		2.4
Dilutive effect of convertible notes and warrants	11.5		13.9		12.4		21.6
Diluted weighted-average shares of common stock outstanding	447.0		443.6		448.1		444.5
Net income per share of common stock:
Basic	$	1.05	$	0.43	$	2.27	$	0.65
Diluted	$	1.02	$	0.42	$	2.20	$	0.62