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Consolidated Condensed Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2021
Jun. 26, 2020
Jul. 02, 2021
Jun. 26, 2020
Total sales $ 1,319.7 $ 1,041.6 $ 2,578.9 $ 2,149.7
Total cost of sales (564.2) (458.8) (1,111.5) (954.9)
Gross profit 755.5 582.8 1,467.4 1,194.8
Operating costs:        
Selling, general and administrative expenses (456.4) (402.8) (884.5) (818.6)
Research and development expenses (87.8) (77.4) (174.0) (158.2)
Operating profit 211.3 102.6 408.9 218.0
Non-operating income (expense), net:        
Interest expense, net (25.2) (36.2) (52.9) (74.8)
Loss on extinguishment of debt 0.0 0.0 (104.9) 0.0
Gain on investment in Vontier Corporation 0.0 0.0 57.0 0.0
Gain on litigation dismissal 26.0 0.0 26.0 0.0
Other non-operating expense, net (4.6) 5.6 (7.9) 1.1
Earnings from continuing operations before income taxes 207.5 72.0 326.2 144.3
Income taxes (25.5) (12.2) (32.5) (29.7)
Net earnings from continuing operations 182.0 59.8 293.7 114.6
Earnings (loss) from discontinued operations, net of income taxes (1.1) 70.2 (2.6) 57.3
Net earnings 180.9 130.0 291.1 171.9
Mandatory convertible preferred dividends (17.2) (17.2) (34.5) (34.5)
Net earnings attributable to common stockholders $ 163.7 $ 112.8 $ 256.6 $ 137.4
Net earnings per common share from continuing operations:        
Net earnings per common share from continuing operations - Basic (in dollars per share) $ 0.49 $ 0.13 $ 0.76 $ 0.24
Net earnings per common share from continuing operations - Diluted (in dollars per share) 0.48 0.13 0.76 0.24
Net earnings (loss) per share from discontinued operations:        
Net earnings (loss) per share from discontinued operations - Basic (in dollars per share) 0 0.21 (0.01) 0.17
Net earnings (loss) per share from discontinued operations - Diluted (in dollars per share) 0 0.21 (0.01) 0.17
Net earnings per share:        
Net earnings per share - Basic (in dollars per share) 0.48 0.33 0.76 0.41
Net earnings per share - Diluted (in dollars per share) $ 0.48 $ 0.33 $ 0.75 $ 0.40
Average common stock and common equivalent shares outstanding:        
Average common stock and common equivalent shares outstanding - Basic (in shares) 339.4 337.3 339.0 337.1
Average common stock and common equivalent shares outstanding - Diluted (in shares) 342.4 339.7 342.1 339.9
Sales of products and software        
Total sales $ 1,136.0 $ 887.0 $ 2,213.2 $ 1,832.5
Total cost of sales (464.0) (375.9) (908.3) (776.2)
Sales of services        
Total sales 183.7 154.6 365.7 317.2
Total cost of sales $ (100.2) $ (82.9) $ (203.2) $ (178.7)