Earnings Per Share (Tables)

9 Months Ended

Sep. 27, 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:

	Third Quarter of				First Three Quarters of
	2024		2023		2024		2023
(In millions, except per share amounts)
Numerator:
Net income	$	40.6	$	74.9	$	1,414.2	$	248.3
Denominator:
Weighted-average shares of common stock outstanding - basic	245.6		248.6		245.4		248.0
Effect of dilutive securities	1.3		1.1		1.5		1.1
Weighted-average shares of common stock outstanding - diluted	246.9		249.7		246.9		249.1
Basic earnings per share	$	0.17	$	0.30	$	5.76	$	1.00
Diluted earnings per share	$	0.16	$	0.30	$	5.73	$	1.00
Antidilutive weighted-average shares (1)	1.8		1.3		1.8		1.7

(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.