Earnings Per Share (Tables)

9 Months Ended

Oct. 03, 2025

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
	2025		2024		2025		2024
(In millions, except per share amounts)
Numerator:
Net income	$	111.5	$	40.6	$	267.4	$	1,414.2
Denominator:
Weighted-average shares of common stock outstanding - basic	238.2		245.6		239.9		245.4
Effect of dilutive securities	2.2		1.3		2.1		1.5
Weighted-average shares of common stock outstanding - diluted	240.4		246.9		242.0		246.9
Basic earnings per share	$	0.47	$	0.17	$	1.11	$	5.76
Diluted earnings per share	$	0.46	$	0.16	$	1.10	$	5.73
Antidilutive weighted-average shares (1)	0.5		1.8		0.5		1.8

(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.