Net Earnings Per Share (Tables)

3 Months Ended

Apr. 01, 2022

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
	April 1, 2022		April 2, 2021
Numerator
Net earnings from continuing operations	$	165.1	$	111.7
Mandatory convertible preferred stock cumulative dividends	—		(17.3)
Convertible note interest add-back (if converted method)	1.8		$	—
Diluted Net Earnings from Continuing Operations	$	166.9	$	94.4
Denominator
Weighted average common shares outstanding used in basic earnings per share	359.3		338.6
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive Stock Awards	2.7		3.1
Conversion of convertible notes (if converted method)	6.4		—
Weighted average common shares outstanding used in diluted earnings per share	368.4		341.7
Net earnings from continuing operations per common share - Basic	$	0.46	$	0.28
Net earnings from continuing operations per common share - Diluted	$	0.45	$	0.28

Schedule of Dividends Declared

We declared and paid cash dividends per common share for the periods as presented below. We declared and paid the MCPS dividend in the first quarter of 2021.

	Dividend Per Common Share		Amount ($ in millions)		Dividend per MCPS		Amount ($ in millions)
2022:
First quarter	$	0.07	$	25.1	$	—	$	—
Total	$	0.07	$	25.1	$	—	$	—
2021:
First quarter	$	0.07	$	23.7	$	12.5	$	17.3
Total	$	0.07	$	23.7	$	12.5	$	17.3
* The sum of the components of total dividends paid may not equal the total amount due to rounding.