Equity (Tables)

9 Months Ended

Sep. 26, 2019

Stockholders' Equity Note [Abstract]

Basic and Diluted Earnings per share

The following table sets forth the computation of basic and diluted earnings per share:

	For the Three Months Ended
	September 26, 2019					September 27, 2018
	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Basic EPS
Income available to common stockholders	$	131.2	103.5	$	1.27	$	168.7	105.1	$	1.61
Income allocated to participating securities	0.1		0.1			0.1		0.1
Net income	$	131.3				$	168.8
Diluted potential common shares			1.0					0.9
Diluted EPS
Net income	$	131.3	104.6	$	1.26	$	168.8	106.1	$	1.59

	For the Nine Months Ended
	September 26, 2019					September 27, 2018
	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Basic EPS
Income available to common stockholders	$	462.1	103.6	$	4.46	$	439.1	109.3	$	4.02
Income allocated to participating securities	0.3		0.1			0.3		0.1
Net income	$	462.4				$	439.4
Diluted potential common shares			1.1					0.9
Diluted EPS
Net income	$	462.4	104.8	$	4.41	$	439.4	110.3	$	3.98

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Loss is summarized by component as follows:

	As of			As of
	September 26, 2019			December 31, 2018
Pension(1)	$	(90.7	)	$	(116.7	)
Hedges	(1.5		)	—
SERP/Retiree medical(1)	19.0			17.2
Foreign currency impact on long term intercompany loan	(18.6		)	(17.4		)
Currency translation adjustment	(96.3		)	(79.7		)
Total accumulated other comprehensive loss	$	(188.1	)	$	(196.6	)