Earnings (Loss) Per Share (Tables)

6 Months Ended

Jul. 02, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The table below presents the computation of basic and diluted earnings (loss) per share ($ and shares in millions, except per share amounts):

	Three Months Ended				Six Months Ended
	July 2, 2021		July 3, 2020		July 2, 2021		July 3, 2020
Numerator:
Net income (loss)	$	90.1	$	(93.5)	$	161.8	$	(110.7)
Denominator:
Weighted-average common shares outstanding used in basic earnings (loss) per share	161.2		159.5		160.8		159.3
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive restricted stock units	4.5		—		4.5		—
Assumed conversion of the Notes	12.7		—		11.9		—
Weighted average common shares outstanding used in diluted earnings (loss) per share	178.4		159.5		177.2		159.3
Earnings (loss) per share:
Basic	$	0.56	$	(0.59)	$	1.01	$	(0.69)
Diluted	$	0.51	$	(0.59)	$	0.91	$	(0.69)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the number of outstanding securities not included in the computation of diluted income per share, because their effect was anti-dilutive (in millions):

	Three Months Ended		Six Months Ended
	July 2, 2021	July 3, 2020	July 2, 2021	July 3, 2020
Stock-based awards	1.4	8.4	1.0	7.1