XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2021
Oct. 02, 2020
Oct. 01, 2021
Oct. 02, 2020
Income Statement [Abstract]        
Sales $ 607.3 $ 547.2 $ 1,857.1 $ 1,312.8
Cost of sales 251.0 238.8 773.8 598.0
Gross profit 356.3 308.4 1,083.3 714.8
Operating expenses:        
Selling, general and administrative 250.6 226.8 747.5 681.3
Research and development 24.0 20.0 75.7 63.5
Operating profit (loss) 81.7 61.6 260.1 (30.0)
Nonoperating income (expense):        
Other income 0.2 0.2 0.8 0.4
Interest expense, net (12.0) (23.4) (43.6) (41.2)
Income (loss) before income taxes 69.9 38.4 217.3 (70.8)
Income tax (benefit) expense (10.3) 14.8 (3.7) (22.2)
Income (loss) from continuing operations 80.2 23.6 221.0 (48.6)
Income (loss) from discontinued operations, net of tax (refer to Note 3) 12.7 12.0 33.7 (26.5)
Net income (loss) $ 92.9 $ 35.6 $ 254.7 $ (75.1)
Earnings (loss) per share:        
Earnings (loss) from continuing operations - basic (in USD per share) $ 0.50 $ 0.15 $ 1.37 $ (0.30)
Earnings (loss) from continuing operations - diluted (in USD per share) 0.45 0.14 1.25 (0.30)
Earnings (loss) from discontinued operations - basic (in USD per share) 0.08 0.08 0.21 (0.17)
Earnings (loss) from discontinued operations - diluted (in USD per share) 0.07 0.07 0.19 (0.17)
Earnings (loss) - basic (in USD per share) 0.58 0.22 [1] 1.58 (0.47)
Earnings (loss) - diluted (in USD per share) $ 0.52 $ 0.22 [1] $ 1.43 [1] $ (0.47)
Average common stock and common equivalent shares outstanding:        
Basic (in shares) 161.5 159.7 161.1 159.4
Diluted (in shares) 178.1 163.9 177.5 159.4
[1] * Earnings (loss) per share is computed independently for earnings (loss) per share from continuing operations and earnings (loss) per share from discontinued operations. The sum of earnings (loss) per share from continuing operations and earnings (loss) per share from discontinued operations does not equal earnings (loss) per share due to rounding.