Net Earnings Per Share (Tables)

3 Months Ended

Mar. 27, 2020

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
	March 27, 2020		March 29, 2019
Numerator
Net earnings from continuing operations	$	42.3	$	164.0
Mandatory convertible preferred stock cumulative dividends	(17.3)		(17.3)
Net earnings attributable to common stockholders from continuing operations	$	25.0	$	146.7
Denominator
Weighted average common shares outstanding used in basic earnings per share	336.8		335.1
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive Stock Awards	3.2		4.4
Weighted average common shares outstanding used in diluted earnings per share	340.0		339.5
Net earnings from continuing operations per common share - Basic	$	0.07	$	0.44
Net earnings from continuing operations per common share - Diluted	$	0.07	$	0.43

Dividends Declared

We declared and paid cash dividends per common share for both periods as presented below. We declared and paid the MCPS dividend in the first quarter of 2019, while the MCPS dividend in the first quarter of 2020 was declared and accrued as follows:

	Dividend Per Common Share		Amount ($ in millions)		Dividend per MCPS		Amount ($ in millions)
2020:
First quarter	$	0.07	$	23.5	$	12.50	$	17.3
2019:
First quarter	$	0.07	$	23.4	$	12.50	$	17.3