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Earnings Per Share
 6 Months Ended
Jun. 27, 2025
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
Basic earnings per share is calculated by dividing the applicable income by the weighted average number of shares of common stock outstanding for the applicable period. Diluted earnings per share is computed based on the weighted average number of common shares outstanding plus the effect of dilutive potential shares outstanding during the period using the treasury stock method, except for the 2028 Convertible Notes, which are calculated using the if-converted method. Dilutive potential common shares include employee equity options, non-vested shares and similar instruments granted by the Company and the assumed conversion impact of convertible notes. The Company will settle any convertible note conversions through a combination settlement by satisfying the principal amount outstanding with cash and any convertible note conversion value in excess of the principal amount in cash or shares of the Company’s common stock or any combination thereof. As the Company will settle the principal amount of convertible notes in cash upon conversion, the convertible notes only have an impact on the Company's diluted earnings per share when the average share price of the Company’s common stock exceeds the conversion price, in any applicable period. See the computation of earnings per share below for the dilutive impact of the convertible notes for the three and six months ended June 27, 2025 and June 28, 2024.

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
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Numerator:
Net income (loss)$26.4 $(1,151.6)$44.4 $(1,128.0)
Denominator:
Weighted-average common shares outstanding used in basic earnings per share169.0 172.1 170.7 172.0 
Incremental common shares from:
Assumed exercise of dilutive options, vesting of dilutive restricted stock units and performance stock units0.9 — 1.0 — 
Weighted-average common shares outstanding used in diluted earnings per share
169.9 172.1 171.7 172.0 
Earnings (loss) per share:
Earnings (loss) - basic$0.16 $(6.69)$0.26 $(6.56)
Earnings (loss) - diluted$0.16 $(6.69)$0.26 $(6.56)

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
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Stock-based awards8.9 7.7 7.8 6.0