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Net Earnings Per Share (Tables)
9 Months Ended
Sep. 25, 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 EndedNine Months Ended
 September 25, 2020September 27, 2019September 25, 2020September 27, 2019
Numerator
Net earnings from continuing operations$225.8 $207.3 $398.4 $546.6 
Mandatory convertible preferred stock cumulative dividends(17.3)(17.3)(51.8)(51.8)
Net earnings attributable to common stockholders from continuing operations$208.5 $190.0 $346.6 $494.8 
Denominator
Weighted average common shares outstanding used in basic earnings per share337.6 336.1 337.3 335.6 
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive Stock Awards3.2 3.8 2.9 4.1 
Weighted average common shares outstanding used in diluted earnings per share340.8 339.9 340.2 339.7 
Net earnings from continuing operations per common share - Basic$0.62 $0.57 $1.03 $1.47 
Net earnings from continuing operations per common share - Diluted$0.61 $0.56 $1.02 $1.46 
Schedule of Dividends Declared
We declared and paid cash dividends per common share for both the three and nine month periods ended September 25, 2020 as presented below. We declared and paid the MCPS dividends in the first and second quarter of 2019, and declared and accrued the MCPS dividends in the third quarter of 2019. The MCPS dividends for the first, second, and third quarter of 2020 were declared, accrued, and paid as follows:
Dividend Per
Common Share
Amount
($ in millions)
Dividend per MCPSAmount
($ in millions)
2020:
First quarter$0.07 $23.5 $12.5 $17.3 
Second quarter0.07 23.6 12.5 17.2 
Third quarter0.07 23.6 12.5 17.3 
Total$0.21 $70.7 $37.5 $51.8 
2019:
First quarter$0.07 $23.4 $12.5 $17.3 
Second quarter0.07 23.4 12.5 17.2 
Third quarter0.07 23.5 12.5 17.3 
Total$0.21 $70.3 $37.5 $51.8