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Consolidated Condensed Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 25, 2020
Sep. 27, 2019
Sep. 25, 2020
Sep. 27, 2019
Sales $ 1,902.3 $ 1,860.0 $ 5,187.0 $ 5,317.6
Cost of sales (918.9) (932.3) (2,513.5) (2,673.2)
Gross profit 983.4 927.7 2,673.5 2,644.4
Operating costs:        
Selling, general and administrative expenses (562.3) (566.5) (1,636.1) (1,590.0)
Research and development expenses (110.7) (119.1) (331.0) (345.5)
Impairment of goodwill 0.0 0.0 (85.3) 0.0
Operating profit 310.4 242.1 621.1 708.9
Non-operating expenses, net:        
Gain from combination of business 0.0 41.2 0.0 41.2
Interest expense, net (43.9) (47.0) (130.7) (116.7)
Other non-operating income (expense), net (1.4) (1.2) (0.7) (1.6)
Earnings from continuing operations before income taxes 265.1 235.1 489.7 631.8
Income taxes (39.3) (27.8) (91.3) (85.2)
Net earnings from continuing operations 225.8 207.3 398.4 546.6
Loss from discontinued operations, net of income taxes 0.0 (0.2) (0.7) (0.5)
Net earnings 225.8 207.1 397.7 546.1
Mandatory convertible preferred dividends (17.3) (17.3) (51.8) (51.8)
Net earnings attributable to common stockholders $ 208.5 $ 189.8 $ 345.9 $ 494.3
Net earnings per common share from continuing operations:        
Net earnings per common share from continuing operations - basic (in dollars per share) $ 0.62 $ 0.57 $ 1.03 $ 1.47
Net earnings per common share from continuing operations - diluted (in dollars per share) 0.61 0.56 1.02 1.46
Net earnings per share from discontinued operations:        
Net earnings per share from discontinued operations - basic (in dollars per share) 0 0 0 0
Net earnings per share from discontinued operations - diluted (in dollars per share) 0 0 0 0
Earnings Per Share [Abstract]        
Net earnings per share - Basic (in dollars per share) 0.62 0.56 1.03 1.47
Net earnings per share - Diluted (in dollars per share) $ 0.61 $ 0.56 $ 1.02 $ 1.46
Average common stock and common equivalent shares outstanding:        
Weighted average common shares outstanding used in basic earnings per share (in shares) 337.6 336.1 337.3 335.6
Weighted average common shares outstanding used in diluted earnings per share (in shares) 340.8 339.9 340.2 339.7
Products        
Sales $ 1,671.3 $ 1,624.6 $ 4,526.8 $ 4,652.7
Cost of sales (774.6) (781.2) (2,102.0) (2,237.1)
Services        
Sales 231.0 235.4 660.2 664.9
Cost of sales $ (144.3) $ (151.1) $ (411.5) $ (436.1)