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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 1,087.5 $ 1,123.8 $ 3,235.1 $ 3,498.7
Cost of sales 683.1 712.6 2,078.3 2,245.6
Gross profit 404.4 411.2 1,156.8 1,253.1
Operating expenses        
Distribution 25.2 27.8 74.7 85.0
Research and development 26.0 29.6 84.4 92.9
Selling 129.4 150.2 429.8 489.2
Administration 116.9 126.0 373.3 393.6
Impairment charges 16.2 0.0 50.3 0.0
Restructuring 16.8 15.5 98.1 25.7
Other operating (income) expense, net (6.5) 0.0 47.5 (0.8)
Total operating expenses 324.0 349.1 1,158.1 1,085.6
Operating income (loss) 80.4 62.1 (1.3) 167.5
Interest expense, net 57.6 43.5 144.7 131.1
Other (income) expense, net (4.1) (0.6) (0.5) (9.6)
Loss on extinguishment of debt 5.1 0.0 5.2 0.0
Income (loss) from continuing operations before income taxes 21.8 19.2 (150.7) 46.0
Income tax (benefit) expense 39.4 3.8 (31.5) 22.7
Income (loss) from continuing operations (17.6) 15.4 (119.2) 23.3
Loss from discontinued operations, net of tax (3.4) (1.2) (8.1) (3.7)
Net income (loss) $ (21.0) $ 14.2 $ (127.3) $ 19.6
Basic        
Continuing operations (in dollars per share) $ (0.13) $ 0.11 $ (0.87) $ 0.17
Discontinued operations (in dollars per share) (0.02) (0.01) (0.06) (0.03)
Basic earnings (loss) per share (in dollars per share) (0.15) 0.10 (0.93) 0.14
Diluted        
Continuing operations (in dollars per share) (0.13) 0.11 (0.87) 0.17
Discontinued operations (in dollars per share) (0.02) (0.01) (0.06) (0.03)
Diluted earnings (loss) per share (in dollars per share) $ (0.15) $ 0.10 $ (0.93) $ 0.14
Weighted-average shares outstanding        
Basic (in shares) 137.5 135.5 137.3 135.2
Diluted (in shares) 137.5 136.9 137.3 136.6