Earnings Per Share (Tables)

6 Months Ended

Jul. 01, 2022

Schedule of earnings per share, basic and diluted

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


	Three Months Ended					Six Months Ended
	July 1, 2022		July 2, 2021			July 1, 2022		July 2, 2021
Numerator:
Income from continuing operations, net of tax	$	44.5	$	79.0		$	114.9	$	140.8
Income from discontinued operations, net of tax	$	2.6	$	11.1		$	7.1	$	21.0
Net income	$	47.1	$	90.1		$	122.0	$	161.8

Denominator:
Weighted-average common shares outstanding used in basic earnings (loss) per share	162.9		161.2			162.6		160.8
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive restricted stock units	3.3		4.5			3.8		4.5
Assumed conversion of the Notes	12.3		12.7			12.8		11.9
Weighted average common shares outstanding used in diluted earnings (loss) per share	178.5		178.4			179.2		177.2

Earnings per share:
Earnings from continuing operations - basic	$	0.27	$	0.49		$	0.71	$	0.88
Earnings from continuing operations - diluted	$	0.25	$	0.44		$	0.64	$	0.79

Earnings from discontinued operations - basic	$	0.02	$	0.07		$	0.04	$	0.13
Earnings from discontinued operations - diluted	$	0.01	$	0.06		$	0.04	$	0.12

Earnings - basic	$	0.29	$	0.56		$	0.75	$	1.01
Earnings - diluted	$	0.26	$	0.51	*	$	0.68	$	0.91
* 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.

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 1, 2022	July 2, 2021	July 1, 2022	July 2, 2021
Stock-based awards	1.9	1.4	1.3	1.0

Total	1.9	1.4	1.3	1.0