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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2022
Jul. 02, 2021
Jul. 01, 2022
Jul. 02, 2021
Income Statement [Abstract]        
Sales $ 645.8 $ 637.2 $ 1,277.2 $ 1,249.8
Cost of sales 276.0 268.6 533.3 522.8
Gross profit 369.8 368.6 743.9 727.0
Operating expenses:        
Selling, general and administrative 279.5 259.4 537.7 496.9
Research and development 25.1 25.9 49.5 51.7
Operating profit 65.2 83.3 156.7 178.4
Nonoperating income (expense):        
Other income 0.3 0.3 0.6 0.6
Interest expense, net (6.4) (13.6) (12.3) (31.6)
Income before income taxes 59.1 70.0 145.0 147.4
Income tax expense (benefit) 14.6 (9.0) 30.1 6.6
Income from continuing operations, net of tax 44.5 79.0 114.9 140.8
Income from discontinued operations, net of tax (refer to Note 3) 2.6 11.1 7.1 21.0
Net income $ 47.1 $ 90.1 $ 122.0 $ 161.8
Earnings per share:        
Earnings from continuing operations - basic (in USD per share) $ 0.27 $ 0.49 $ 0.71 $ 0.88
Earnings from continuing operations - diluted (in USD per share) 0.25 0.44 0.64 0.79
Earnings from discontinued operations - basic (in USD per share) 0.02 0.07 0.04 0.13
Earnings from discontinued operations - diluted (in USD per share) 0.01 0.06 0.04 0.12
Earnings - basic (in USD per share) 0.29 0.56 0.75 1.01
Earnings - diluted (in USD per share) $ 0.26 $ 0.51 [1] $ 0.68 $ 0.91
Average common stock and common equivalent shares outstanding:        
Basic (in shares) 162.9 161.2 162.6 160.8
Diluted (in shares) 178.5 178.4 179.2 177.2
[1] * Earnings per share is computed independently for earnings per share from continuing operations and earnings per share from discontinued operations. The sum of earnings per share from continuing operations and earnings per share from discontinued operations does not equal earnings per share due to rounding.