Net Earnings Per Share (Tables)

6 Months Ended

Jun. 26, 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				Six Months Ended
	June 26, 2020		June 28, 2019		June 26, 2020		June 28, 2019
Numerator
Net earnings from continuing operations	$	130.3	$	175.3	$	172.6	$	339.3
Mandatory convertible preferred stock cumulative dividends	(17.2)		(17.2)		(34.5)		(34.5)
Net earnings attributable to common stockholders from continuing operations	$	113.1	$	158.1	$	138.1	$	304.8
Denominator
Weighted average common shares outstanding used in basic earnings per share	337.3		335.6		337.1		335.4
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive Stock Awards	2.4		4.1		2.8		4.4
Weighted average common shares outstanding used in diluted earnings per share	339.7		339.7		339.9		339.8
Net earnings from continuing operations per common share - Basic	$	0.34	$	0.47	$	0.41	$	0.91
Net earnings from continuing operations per common share - Diluted	$	0.33	$	0.47	$	0.41	$	0.90

Schedule of Dividends Declared

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

	Dividend Per Common Share		Amount ($ in millions)		Dividend per MCPS		Amount ($ in millions)
2020:
First quarter	$	0.07	$	23.5	$	12.5	$	17.3
Second quarter	0.07		23.6		12.5		17.2
Total	$	0.14	$	47.1	$	25.0	$	34.5
2019:
First quarter	$	0.07	$	23.4	$	12.5	$	17.3
Second quarter	0.07		23.4		12.5		17.2
Total	$	0.14	$	46.8	$	25.0	$	34.5