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Consolidated Condensed Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Sep. 29, 2023
Sep. 30, 2022
Total sales $ 1,494.5 $ 1,456.0 $ 4,481.6 $ 4,295.8
Total cost of sales (601.5) (610.6) (1,835.0) (1,824.9)
Gross profit 893.0 845.4 2,646.6 2,470.9
Operating costs:        
Selling, general and administrative expenses (503.5) (491.3) (1,525.2) (1,456.8)
Research and development expenses (98.4) (101.1) (298.6) (300.3)
Russia exit and wind down costs 0.0 (1.1) 0.0 (17.3)
Operating profit 291.1 251.9 822.8 696.5
Non-operating income (expense), net:        
Interest expense, net (29.8) (26.4) (95.0) (66.2)
Other non-operating expense, net (4.2) (8.0) (14.5) (13.8)
Earnings before income taxes 257.1 217.5 713.3 616.5
Income taxes (39.1) (27.6) (112.7) (88.5)
Net earnings $ 218.0 $ 189.9 $ 600.6 $ 528.0
Net earnings per share:        
Basic (in dollars per share) $ 0.62 $ 0.53 $ 1.70 $ 1.48
Diluted (in dollars per share) $ 0.61 $ 0.53 $ 1.69 $ 1.46
Average common stock and common equivalent shares outstanding:        
Basic (in shares) 352.1 355.2 352.9 357.3
Diluted (in shares) 356.1 357.9 356.0 362.0
Sales of products and software        
Total sales $ 1,258.9 $ 1,227.7 $ 3,786.3 $ 3,609.8
Total cost of sales (479.0) (494.4) (1,464.2) (1,467.8)
Sales of services        
Total sales 235.6 228.3 695.3 686.0
Total cost of sales $ (122.5) $ (116.2) $ (370.8) $ (357.1)