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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Income Statement [Abstract]        
Net sales $ 1,065.5 $ 1,193.1 $ 2,147.5 $ 2,374.8
Cost of sales 670.8 765.1 1,395.1 1,532.9
Gross profit 394.7 428.0 752.4 841.9
Operating expenses        
Distribution 24.6 28.6 49.5 57.2
Research and development 29.4 32.2 58.4 63.3
Selling 150.1 171.1 300.4 339.0
Administration 126.1 132.6 256.4 267.6
Impairment charges 34.1 0.0 34.1 0.0
Restructuring 36.9 6.7 81.3 10.2
Other operating expense (income), net 20.0 0.0 54.0 (0.8)
Total operating expenses 421.2 371.2 834.1 736.5
Operating (loss) income (26.5) 56.8 (81.7) 105.4
Interest expense, net 44.1 44.0 87.1 87.6
Other expense (income), net 3.4 (9.7) 3.8 (9.0)
Income (loss) from continuing operations before income taxes (74.0) 22.5 (172.6) 26.8
Income tax (benefit) expense 31.7 13.6 (71.0) 19.0
Income (loss) from continuing operations (105.7) 8.9 (101.6) 7.8
Income (loss) from discontinued operations, net of tax (2.7) (0.5) (4.8) (2.4)
Net income (loss) $ (108.4) $ 8.4 $ (106.4) $ 5.4
Basic        
Continuing operations (in dollars per share) $ (0.77) $ 0.07 $ (0.74) $ 0.06
Discontinued operations (in dollars per share) (0.02) 0 (0.04) (0.02)
Basic earnings (loss) per share (in dollars per share) (0.79) 0.06 (0.78) 0.04
Diluted        
Continuing operations (in dollars per share) (0.77) 0.06 (0.74) 0.06
Discontinued operations (in dollars per share) (0.02) 0 (0.04) (0.02)
Diluted earnings (loss) per share (in dollars per share) $ (0.79) $ 0.06 $ (0.78) $ 0.04
Weighted-average shares outstanding        
Basic (in shares) 137.1 135.3 136.9 135.1
Diluted (in shares) 137.1 136.6 136.9 136.5