Earnings Per Share (Tables)

3 Months Ended

Mar. 29, 2024

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:

	First Quarter of
	2024		2023
(In millions, except per share amounts)
Numerator:
Net income	$	57.2	$	128.8
Denominator:
Weighted-average shares of common stock outstanding - basic	245.5		247.2
Effect of dilutive securities	1.9		1.5
Weighted-average shares of common stock outstanding - diluted	247.4		248.7
Basic earnings per share	$	0.23	$	0.52
Diluted earnings per share	$	0.23	$	0.52
Antidilutive weighted-average shares (1)	0.8		1.6

(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.