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NET EARNINGS PER SHARE
 9 Months Ended
Sep. 29, 2023
Earnings Per Share [Abstract]  
NET EARNINGS PER SHARE
NOTE 10. NET EARNINGS PER SHARE
Basic net EPS is calculated by dividing net earnings attributable to common stockholders by the weighted average number of shares of common stock outstanding for the applicable period. Diluted EPS is similarly calculated, except that the calculation includes the dilutive effect of the assumed conversion of 0.875% Convertible Notes and associated issuance of shares under the if-converted method, while outstanding in 2022, and the assumed issuance of shares under stock-based compensation plans under the treasury stock method, except where the inclusion of such shares would have an anti-dilutive impact. Anti-dilutive options excluded from the diluted EPS calculation for the three and nine-month periods ended September 29, 2023 were 0.1 million and 0.5 million, respectively, and were 7.3 million for both the three and nine-month periods ended September 30, 2022.
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 29, 2023September 30, 2022September 29, 2023September 30, 2022
Numerator
Net earnings$218.0 $189.9 $600.6 $528.0 
Convertible note interest add-back (if converted method)— — — 1.8 
Diluted Net Earnings $218.0 $189.9 $600.6 $529.8 
Denominator
Weighted average common shares outstanding used in basic earnings per share352.1 355.2 352.9 357.3 
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive Stock Awards4.0 2.7 3.1 2.6 
Conversion of convertible notes (if converted method)— — — 2.1 
Weighted average common shares outstanding used in diluted earnings per share356.1 357.9 356.0 362.0 
Net earnings per common share - Basic$0.62 $0.53 $1.70 $1.48 
Net earnings per common share - Diluted$0.61 $0.53 $1.69 $1.46 
We declared and paid cash dividends per common share for the periods as presented below:
Dividend Per
Common Share		Amount
($ in millions)
2023:
First quarter$0.07 $24.7 
Second quarter0.07 24.6 
Third quarter0.07 24.6 
Total$0.21 $73.9 
2022:
First quarter$0.07 $25.1 
Second quarter0.07 24.9 
Third quarter0.07 24.8 
Total$0.21 $74.8 
* The sum of the components of total dividends paid may not equal the total amount due to rounding.
Share Repurchase Program
On February 17, 2022, the Company's Board of Directors approved a share repurchase program authorizing the Company to repurchase up to 20 million shares of the Company's outstanding common stock from time to time on the open market or in privately negotiated transactions. There is no expiration date for the repurchase program, and the timing and amount of repurchases under the program are determined by the Company's management based on market conditions and other factors. The repurchase program may be suspended or discontinued at any time by the Board of Directors. During the three and nine-month periods ended September 29, 2023, the Company purchased 1 million and 3 million shares of its common stock at an average price of $78.74 and $69.27, respectively. During the three and nine-month periods ended September 30, 2022, the Company purchased 2 million and 6 million shares of its common stock at an average share price of $66.57 and $62.67, respectively. As of September 29, 2023, there were 10 million shares remaining for repurchase under the program.