Stockholders' Equity (Tables)

9 Months Ended

Sep. 28, 2024

Equity [Abstract]

Schedule of Changes in Stockholders' Equity

The following tables reflect the changes in stockholders’ equity for the three months ended September 28, 2024 and September 30, 2023.

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interests	Total Stockholders’ Equity
(In millions)	Shares	Amount				Shares	Amount
Balances as of June 29, 2024	70.4	$0.7	$1,955.0	$7,144.8	($1,238.7)	(7.3)	($215.3)	$6.0	$7,652.5
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	—	—	(0.2)	—	—	—	—	—	(0.2)
Stock-based compensation expense	—	—	7.0	—	—	—	—	—	7.0
Repurchases of common stock	—	—	—	—	—	—	—	—	—
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	—	—
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	0.2	0.2
Purchase of noncontrolling interest, net of taxes	—	—	—	—	—	—	—	—	—
Currency translation adjustment	—	—	—	—	34.2	—	—	—	34.2
Prior pension and post-retirement benefit service cost and actuarial loss	—	—	—	—	—	—	—	—	—
Net earnings	—	—	—	162.0	—	—	—	—	162.0
Balances as of September 28, 2024	70.4	$0.7	$1,961.8	$7,306.8	($1,204.5)	(7.3)	($215.3)	$6.2	$7,855.7

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interests	Total Stockholders’ Equity
(In millions)	Shares	Amount				Shares	Amount
Balances as of July 1, 2023	71.0	$0.7	$1,937.4	$7,591.2	($1,107.8)	(7.3)	($215.4)	$5.9	$8,212.0
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	—	—	(0.1)	—	—	—	—	—	(0.1)
Stock-based compensation expense	—	—	5.3	—	—	—	—	—	5.3
Repurchases of common stock	—	—	—	—	—	—	—	—	—
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	0.1	0.1
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	(0.2)	(0.2)
Purchase of noncontrolling interest, net of taxes	—	—	—	—	—	—	—	—	—
Currency translation adjustment	—	—	—	—	(185.3)	—	—	—	(185.3)
Prior pension and post-retirement benefit service cost and actuarial gain	—	—	—	—	—	—	—	—	—
Net earnings	—	—	—	(760.4)	—	—	—	—	(760.4)
Balances as of September 30, 2023	71.0	$0.7	$1,942.6	$6,830.8	($1,293.1)	(7.3)	($215.4)	$5.8	$7,271.4

The following tables reflect the changes in stockholders’ equity for the nine months ended September 28, 2024 and September 30, 2023.

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interest	Total Stockholders’ Equity
(In millions)	Shares	Amount				Shares	Amount
Balances as of December 31, 2023	71.0	$0.7	$1,947.5	$6,970.2	($1,080.0)	(7.3)	($215.4)	$6.1	$7,629.1
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	0.2	—	(6.3)	—	—	—	0.1	—	(6.2)
Stock-based compensation expense	—	—	20.6	—	—	—	—	—	20.6
Repurchases of common stock	(0.8)	—	—	(87.9)	—	—	—	—	(87.9)
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	0.1	0.1
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	—	—
Purchase of noncontrolling interest, net of taxes	—	—	—	—	—	—	—	—	—
Currency translation adjustment	—	—	—	—	(124.5)	—	—	—	(124.5)
Prior pension and post-retirement benefit service cost and actuarial loss	—	—	—	—	—	—	—	—	—
Net earnings	—	—	—	424.5	—	—	—	—	424.5
Balances as of September 28, 2024	70.4	$0.7	$1,961.8	$7,306.8	($1,204.5)	(7.3)	($215.3)	$6.2	$7,855.7

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interest	Total Stockholders’ Equity
(In millions)	Shares	Amount				Shares	Amount
Balances as of December 31, 2022	70.9	$0.7	$1,930.8	$7,409.8	($1,114.3)	(7.3)	($215.5)	$6.4	$8,017.9
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	0.1	—	(4.0)	—	—	—	0.1	—	(3.9)
Stock-based compensation expense	—	—	15.7	—	—	—	—	—	15.7
Repurchases of common stock	—	—	—	—	—	—	—	—	—
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	0.2	0.2
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	(0.6)	(0.6)
Purchase of noncontrolling interest, net of taxes	—	—	0.1	—	—	—	—	(0.2)	(0.1)
Currency translation adjustment	—	—		—	(178.3)	—	—	—	(178.3)
Prior pension and post-retirement benefit service cost and actuarial gain	—	—	—	—	(0.5)	—	—	—	(0.5)
Net earnings	—	—	—	(579.0)	—	—	—	—	(579.0)
Balances as of September 30, 2023	71.0	$0.7	$1,942.6	$6,830.8	($1,293.1)	(7.3)	($215.4)	$5.8	$7,271.4