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Consolidated Condensed Statements of Earnings and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2022
Jul. 02, 2021
Jul. 01, 2022
Jul. 02, 2021
Sales $ 776.4 $ 724.6 $ 1,524.5 $ 1,432.0
Cost of sales (428.3) (406.1) (841.1) (801.7)
Gross profit 348.1 318.5 683.4 630.3
Operating costs:        
Selling, general and administrative expenses (176.7) (164.6) (342.7) (310.3)
Research and development expenses (34.9) (32.9) (69.4) (66.1)
Operating profit 136.5 121.0 271.3 253.9
Non-operating income (expense), net:        
Interest expense, net (15.3) (12.0) (28.2) (22.4)
Write-off of deferred financing costs 0.0 (0.2) 0.0 (3.4)
Gain on previously held equity interests from combination of business 0.0 0.0 32.7 0.0
Unrealized (loss)/gain on equity securities measured at fair value (80.0) 0.0 83.0 0.0
Other non-operating (expense)/income, net 0.0 0.1 (0.1) (0.1)
Earnings before income taxes 41.2 108.9 358.7 228.0
Provision for income taxes (7.9) (26.6) (75.2) (54.7)
Net earnings $ 33.3 $ 82.3 $ 283.5 $ 173.3
Net earnings per share:        
Basic (in dollars per share) $ 0.21 $ 0.49 $ 1.74 $ 1.03
Diluted (in dollars per share) $ 0.21 $ 0.48 $ 1.73 $ 1.02
Average common stock and common equivalent shares outstanding:        
Basic (in shares) 160.5 169.0 163.2 168.8
Diluted (in shares) 161.2 170.1 163.9 169.8
Net earnings $ 33.3 $ 82.3 $ 283.5 $ 173.3
Other comprehensive income (loss), net of income taxes:        
Foreign currency translation adjustments (63.1) (2.0) (78.2) (17.7)
Other adjustments 0.1 0.0 0.2 0.1
Total other comprehensive loss, net of income taxes (63.0) (2.0) (78.0) (17.6)
Comprehensive income (loss) (29.7) 80.3 205.5 155.7
Products        
Sales 702.5 660.8 1,376.4 1,305.4
Cost of sales (377.4) (350.0) (738.7) (695.5)
Services        
Sales 73.9 63.8 148.1 126.6
Cost of sales $ (50.9) $ (56.1) $ (102.4) $ (106.2)