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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information Quarterly Financial Data (Unaudited)

 
Quarter Ended
 
December 31,
2019(1)
 
September 26,
2019(2)
 
June 27,
2019(3)
 
March 28,
2019(4)
Net revenues
$
1,959.3

 
$
1,919.9

 
$
2,016.1

 
$
1,967.8

Gross profit
$
202.0

 
$
272.3

 
$
292.9

 
$
309.5

Operating income
$
95.7

 
$
206.1

 
$
226.0

 
$
233.0

Net income
$
67.7

 
$
131.3

 
$
168.0

 
$
163.1

Earnings per share, basic
$
0.65

 
$
1.27

 
$
1.62

 
$
1.57

Earnings per share, diluted
$
0.65

 
$
1.26

 
$
1.61

 
$
1.55

Dividends declared per common share
$
0.12

 
$
0.12

 
$
0.12

 
$
0.12


 
Quarter Ended
 
December 31,
2018(5)
 
September 27,
2018(6)
 
June 28,
2018(7)
 
March 29,
2018(8)
Net revenues
$
1,835.3

 
$
1,813.7

 
$
1,836.9

 
$
1,736.1

Gross profit
$
300.7

 
$
270.6

 
$
289.7

 
$
225.1

Operating income
$
243.6

 
$
222.5

 
$
217.6

 
$
159.5

Net income
$
177.6

 
$
168.8

 
$
145.2

 
$
125.4

Earnings per share, basic
$
1.70

 
$
1.61

 
$
1.32

 
$
1.11

Earnings per share, diluted
$
1.68

 
$
1.59

 
$
1.31

 
$
1.10

Dividends declared per common share
$
0.12

 
$
0.12

 
$
0.12

 
$
0.10

______________________________________

(1)
Fourth quarter 2019 earnings include the impact of net unfavorable changes in estimate of $55.2.
(2)
Third quarter 2019 earnings include the impact of net unfavorable changes in estimate of $41.8.
(3)
Second quarter 2019 earnings include the impact of net unfavorable changes in estimate of $10.9.
(4)
First quarter 2019 earnings include the impact of net favorable changes in estimate of $0.5.
(5)
Fourth quarter 2018 earnings include the impact of net favorable changes in estimate    of $3.5.
(6)
Third quarter 2018 earnings include the impact of net unfavorable changes in estimate of $13.5.
(7)
Second quarter 2018 earnings include the impact of net favorable changes in estimate of $24.9.
(8)
First quarter 2018 earnings include the impact of net unfavorable changes in estimate of $22.6.