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Consolidated Condensed Statements of Earnings and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Sep. 29, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Sales $ 765.4 $ 788.0 $ 2,306.2 $ 2,312.5
Cost of sales (406.4) (428.1) (1,246.1) (1,269.2)
Gross profit 359.0 359.9 1,060.1 1,043.3
Operating costs:        
Selling, general and administrative expenses (177.3) (174.7) (542.7) (517.4)
Research and development expenses (39.1) (35.0) (120.4) (104.4)
Operating profit 142.6 150.2 397.0 421.5
Non-operating income (expense), net:        
Interest expense, net (22.8) (17.9) (70.7) (46.1)
Gain on sale of business 0.3 0.0 34.4 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 (65.8) 0.0 17.2
Other non-operating (expense) income, net (0.2) 1.4 (1.6) 1.3
Earnings before income taxes 119.9 67.9 359.1 426.6
Provision for income taxes (29.3) (17.8) (88.4) (93.0)
Net earnings $ 90.6 $ 50.1 $ 270.7 $ 333.6
Net earnings per share:        
Basic (in dollars per share) $ 0.59 $ 0.32 $ 1.74 $ 2.07
Diluted (in dollars per share) $ 0.58 $ 0.32 $ 1.73 $ 2.06
Weighted average shares outstanding:        
Basic (in shares) 154.8 158.2 155.3 161.5
Diluted (in shares) 155.8 158.7 156.1 162.2
Net earnings $ 90.6 $ 50.1 $ 270.7 $ 333.6
Other comprehensive income (loss), net of income taxes:        
Foreign currency translation adjustments (22.1) (44.7) (34.2) (122.9)
Other adjustments 0.0 0.0 0.1 0.2
Total other comprehensive loss, net of income taxes (22.1) (44.7) (34.1) (122.7)
Comprehensive income $ 68.5 $ 5.4 $ 236.6 $ 210.9