CAPITAL STOCK

9 Months Ended

Sep. 28, 2024

Equity [Abstract]

CAPITAL STOCK

CAPITAL STOCK

On October 30, 2019, the Board of Directors approved an indefinite term $500 open-market share repurchase program (the 2019 Plan). On October 4, 2023, the Board of Directors approved an indefinite term $1,000 open-market share repurchase program (the 2023 Plan). The following table summarizes our share repurchase activity during the three and nine months ended September 28, 2024 and September 30, 2023, respectively.

	Three Months Ended				Nine Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Shares repurchased and retired	0.2		—		0.8		0.7
Cost of share repurchases	$	25.0	$	—	$	104.0	$	60.5

During the second quarter of 2024, we exhausted the remaining capacity under the 2019 Plan. There was $975 of remaining capacity left under the 2023 Plan as of September 28, 2024.

Separate from the open-market share repurchase program, the Company withholds shares of common stock in settlement of employee tax withholding obligations due upon the vesting of equity-based compensation awards. The following table summarizes Company share withholdings related to net shares settlement of stock incentive plans.

	Three Months Ended				Nine Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Shares withheld for taxes related to net share settlement of stock incentive plans	—		—		0.1		0.1
Payments for taxes related to net share settlement of stock incentive plans	$	0.3	$	0.3	$	13.2	$	6.7