Earnings Per Share (Tables)

9 Months Ended

Sep. 29, 2023

Earnings Per Share [Abstract]

Schedule of Computation of Earnings Per Share and Effect on Weighted-Average Number of Shares

The following table shows the computation of basic and diluted earnings per share:

	Third Quarter of				First Three Quarters of
	2023		2022		2023		2022
(In millions, except per share amounts)
Numerator:
Net income	$	74.9	$	85.8	$	248.3	$	364.1
Denominator:
Weighted-average number of common shares used in basic earnings per share	248.6		247.5		248.0		249.1
Effect of dilutive securities	1.1		1.4		1.1		1.7
Weighted-average number of common shares and dilutive potential common shares used in diluted earnings per share	249.7		248.9		249.1		250.8
Basic earnings per share	$	0.30	$	0.35	$	1.00	$	1.46
Diluted earnings per share	$	0.30	$	0.34	$	1.00	$	1.45
Antidilutive weighted-average shares (1)	1.3		1.7		1.7		1.5

(1)    Antidilutive stock-based awards are excluded from the calculation of diluted shares and diluted earnings per share because their impact would increase diluted earnings per share.