CAPITAL STOCK

3 Months Ended

Mar. 29, 2025

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 months ended March 29, 2025 and March 30, 2024, respectively.

For the Three Months Ended	March 29, 2025		March 30, 2024
Shares repurchased and retired	0.7		—
Cost of share repurchases	$	100.8	$	—

During the second quarter of 2024, we exhausted the remaining capacity under the 2019 Plan. There was $875 of remaining capacity left under the 2023 Plan as of March 29, 2025.

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.

For the Three Months Ended	March 29, 2025		March 30, 2024
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	$	13.0	$	12.5

Share Repurchase Subsequent Event

Subsequent to the quarter ending March 29, 2025 and through the filing of this Quarterly Report on Form 10-Q, the Company has repurchased and retired 2.3 shares for $300.0 under the 2023 share repurchase program.