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Consolidated Condensed Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 01, 2022
Apr. 02, 2021
Total sales $ 1,376.5 $ 1,259.2
Total cost of sales (584.5) (547.3)
Gross profit 792.0 711.9
Operating costs:    
Selling, general and administrative expenses (480.6) (428.1)
Research and development expenses (99.1) (86.2)
Operating profit 212.3 197.6
Non-operating income (expense), net:    
Interest expense, net (18.8) (27.7)
Loss on extinguishment of debt 0.0 (104.9)
Gain on investment in Vontier Corporation 0.0 57.0
Other non-operating expense, net (2.7) (3.3)
Earnings from continuing operations before income taxes 190.8 118.7
Income taxes (25.7) (7.0)
Net earnings from continuing operations 165.1 111.7
Earnings (loss) from discontinued operations, net of income taxes 0.0 (1.5)
Net earnings 165.1 110.2
Mandatory convertible preferred dividends 0.0 (17.3)
Net earnings attributable to common stockholders $ 165.1 $ 92.9
Net earnings per common share from continuing operations:    
Basic (in dollars per share) $ 0.46 $ 0.28
Diluted (in dollars per share) 0.45 0.28
Net earnings (loss) per share from discontinued operations:    
Basic (in dollars per share) 0 0
Diluted (in dollars per share) 0 0
Net earnings per share:    
Basic (in dollars per share) 0.46 0.27
Diluted (in dollars per share) $ 0.45 $ 0.27
Average common stock and common equivalent shares outstanding:    
Basic (in shares) 359.3 338.6
Diluted (in shares) 368.4 341.7
Sales of products and software    
Total sales $ 1,152.7 $ 1,077.2
Total cost of sales (465.1) (444.3)
Sales of services    
Total sales 223.8 182.0
Total cost of sales $ (119.4) $ (103.0)