Net Earnings Per Share (Tables)

9 Months Ended

Sep. 27, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

Information related to the calculation of net earnings per share of common stock is summarized as follows ($ and shares in millions, except per share amounts):

	Three Months Ended						Nine Months Ended
	September 27, 2019			September 28, 2018			September 27, 2019			September 28, 2018
Numerator
Net earnings from continuing operations	$	207.3		$	214.0		$	546.6		$	678.2
Mandatory convertible preferred stock cumulative dividends	(17.3		)	(17.4		)	(51.8		)	(17.6		)
Net earnings attributable to common stockholders from continuing operations	$	190.0		$	196.6		$	494.8		$	660.6
Denominator
Weighted average common shares outstanding used in basic earnings per share	336.1			349.9			335.6			349.2
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive Stock Awards	3.8			5.4			4.1			5.6
Weighted average common shares outstanding used in diluted earnings per share	339.9			355.3			339.7			354.8
Net earnings from continuing operations per common share - Basic	$	0.57		$	0.56		$	1.47		$	1.89
Net earnings from continuing operations per common share - Diluted	$	0.56		$	0.55		$	1.46		$	1.86

Dividends Declared

We declared and paid cash dividends per common share and per MCPS during the periods presented as follows:

	Dividend Per Common Share		Amount ($ in millions)		Dividend per MCPS		Amount ($ in millions)
2019:
First quarter	$	0.07	$	23.4	$	12.50	$	17.3
Second quarter	0.07		23.4		12.50		17.2
Third quarter	0.07		23.5		12.50		17.3
Total	$	0.21	$	70.3	$	37.50	$	51.8
2018:
First quarter	$	0.07	$	24.3	$	—	$	—
Second quarter	0.07		24.4		—		—
Third quarter	0.07		24.5		12.78		17.6
Total	$	0.21	$	73.2	$	12.78	$	17.6