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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
Jun. 30, 2023
Jul. 01, 2022
Jun. 30, 2023
Jul. 01, 2022
Income Statement [Abstract]        
Sales $ 764.4 $ 776.4 $ 1,540.8 $ 1,524.5
Cost of sales (416.3) (428.3) (839.7) (841.1)
Gross profit 348.1 348.1 701.1 683.4
Operating costs:        
Selling, general and administrative expenses (187.2) (176.7) (365.4) (342.7)
Research and development expenses (40.3) (34.9) (81.3) (69.4)
Operating profit 120.6 136.5 254.4 271.3
Non-operating income (expense), net:        
Interest expense, net (23.9) (15.3) (47.9) (28.2)
Gain on sale of business 34.1 0.0 34.1 0.0
Gain on previously held equity interests from combination of business 0.0 0.0 0.0 32.7
Unrealized (loss) gain on equity securities measured at fair value 0.0 (80.0) 0.0 83.0
Other non-operating expense, net (0.5) 0.0 (1.4) (0.1)
Earnings before income taxes 130.3 41.2 239.2 358.7
Provision for income taxes (33.0) (7.9) (59.1) (75.2)
Net earnings $ 97.3 $ 33.3 $ 180.1 $ 283.5
Net earnings per share:        
Basic (in dollars per share) $ 0.63 $ 0.21 $ 1.16 $ 1.74
Diluted (in dollars per share) $ 0.62 $ 0.21 $ 1.15 $ 1.73
Weighted average shares outstanding:        
Basic (in shares) 155.4 160.5 155.5 163.2
Diluted (in shares) 156.3 161.2 156.2 163.9
Net earnings $ 97.3 $ 33.3 $ 180.1 $ 283.5
Other comprehensive income (loss), net of income taxes:        
Foreign currency translation adjustments (8.3) (63.1) (12.1) (78.2)
Other adjustments 0.0 0.1 0.1 0.2
Total other comprehensive loss, net of income taxes (8.3) (63.0) (12.0) (78.0)
Comprehensive income (loss) $ 89.0 $ (29.7) $ 168.1 $ 205.5